Ricerc@Sapienza

This paper discusses a case study of blockchain used to address real business problems in the Italian banking sector. We use an exploratory case of the banking research and innovation centre promoted by the Italian Banking Association (ABI Lab), and show how the Interbank Spunta project implies the application of blockchain in interbank processes, with the aim at providing greater data transparency and visibility, faster execution, and the possibility of transfer checks and money directly within the application.

Credit Guarantee Schemes (CGSs) issue partial guarantees to cope with financial instability and moral hazard problems on the part of the borrowing firms. Our paper focuses on the magnitude of partial coverage ratios, proposing and applying a dose–response model to identify both the minimum (below which guarantees are not effective) and optimal (the one maximizing the guarantees effectiveness) magnitude.