The “dwarfism” of the Italian productive system is strictly interrelated to the ability of firms to introduce good managerial practices, adopt new technologies in order to develop innovation of products and processes, and invest in human capital. These features of our industries profoundly affect the average productivity of the economy.
A risk scenario describes how a trigger event will interact with a vulnerability to affect the financial system. Third, we assess the probability of each risk occurring and the impact if it did. The rating of risks summarizes our judgment on their importance to the financial system and their likely effect on the real economy. That, in brief, is our framework.