01957cas a2200241 a 4500 AALejournalIMF014023 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475566994 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Italy : Technical Note on the Financial Situation of Italian Households and Non-Financial Corporations and Risks to the Banking System. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (43 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Technical Note examines the financial situation of Italian households and nonfinancial corporations and risks to the banking system. The credit risk from Italian households is mitigated by their considerable net wealth. Income has declined during the crisis, leading to tighter financial conditions for households, especially for young and low-income groups, but low indebtedness, high levels of assets, and declining interest rates have protected households from widespread debt payment difficulties. The financial situation of nonfinancial corporations, in particular small and medium-sized enterprises, is fragile, as evidenced by already high loan default rates. Continued strong policy action will be important to mitigate the impact of these vulnerabilities, especially for firms. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2013/348 Full text available on IMF http://elibrary.imf.org/view/journals/002/2013/348/002.2013.issue-348-en.xml IMF e-Library