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Emanuele Padovani

Associate Professor

Department of Management

Academic discipline: SECS-P/07 Business Administration and Accounting Studies

Director of First Cycle Degree of Economics and business

Useful contents

City of Rome Bonds' Risk and the Municipal Bond Market in Italy

City of Rome's finances have received lot of attention in the Italian political debate recently. The two forces in power at the central government, Lega and 5 Star Movement, are arguing about whether transferring municipal debt to the central government. But, from the municipal bond investors' perspective, what is the real impact? And what are the determinants of risk considered by investors in the Italian municipal bond market? This is the subject of a recent article published on the leading Italian economic newspaper, Il Sole 24 Ore [translated by Google Translate], and an academic article.