The PhD thesis is a contribution to the definition of a new banking risk related to the economic impacts of climate change. The climate change will impact the clients of a corporate and investment bank and will have consequences on its strategy and the composition of its business portfolio....

We examine the empirical relationship between immigration and crime across Italian provinces during the period 1990-2003. Drawing on police administrative records, we first document that the size of the immigrant population is positively correlated with the incidence of property crimes and with...

This paper evaluates the effects of the enlargement of the EU to the Central and Eastern European Countries (CEECs), focusing on agglomeration and industrial specialisation patterns in Europe. We first present the theoretical debate based on the New Economic Geography models. The outcome is...

We consider the effect of MERCOSUR on trade between Brazilian states and on trade of Brazilian states with the rest of the world. We use a gravity model to shed light on the possible diversion effect of MERCOSUR. Thanks to the data on inter-state trade only for four years including one available...

We analyze the integration of Brazilian states into domestic and foreign markets from the point of view of their supply conditions. The study period takes in the country’s fast liberalization process with its two sub-periods (1991 and 1997-99). We estimate the states’ domestic and foreign...

Motivated by policy events experienced during the last two decades by the European natural gas industry, this paper develops a simple model for analyzing the interaction between gas release and capacity investment programs as tools to improve the performance of imperfectly competitive markets....

This PhD thesis focuses on the impact of the European Union Emissions Trading Scheme (EU ETS) on investment decisions in the European power sector. We provide the policy background on the EU ETS and contemporary policy and economic developments. We discuss the main types of compliance buyers’...