Essays on Italian Household and Government Saving Behavior, 273–304, Cambridge, Cambridge University Press, 1994. 9  G. D’Alessio and S. Iezzi, “Over-indebtedness in Italy: how widespread and persistent is it?”, Bank of Italy, mimeo, 2015, and L. Bartiloro, V. Michelangeli and C. Rampazzi “The vulnerability of indebted households during the crisis: some evidence from the euro area”, Bank of Italy, mimeo, 2015.
BIS Review 75/2010  1  However, we know that in reality both processes have not always functioned that well.