Previous researches have demonstrated that consumer decisions could be affected by some biases in the supplementary pension field. Decisionmaking is very often not guided by rationality, and in many cases, if forced to choose, people will decide not to decide, passively accepting the decisions...

The new Italian rules concerning the traceability of financial transactions in the public sector are designed to improve the exchange of information in order to prevent criminal infiltration in public contracts.They have many practical implications for operators involved, including banks

Italy has engaged in a «war path» to recover the economy and extricate it from the crisis, but also to counter the widespread prejudices against the country, the heritage of its high public debt and of its structural economic vices

This paper explores an innovative solution to exit from the European debt crisis exploded in 2010.The proposal is based on the securitization of sovereign debts and the creation of a jointly responsibility bond among European countries, the Eurobond, with the surer tranches of their sovereign...

Regulation and tax burden are seriously affecting the profitability of Italian banks, already struck by the crisis. Nevertheless, Italian banks are an element of strength and a vital resource for the recovery and, as the country, are facing a great opportunity for carrying out the restructuring...

Italy must continue the work it has already begun in budgetary and structural reforms, and Italian banks must accompany this effort. They have been able to maintain financial assistance to solvent, creditworthy customers and businesses. Furthermore, banks must increase their capitalization,...

In 1982 Giovanni Goria became Treasury Minister. In that role he tried on his own, without the support of a united party and a coherent coalition, to carry out a plan for the rehabilitation of public finances, which he was able to delineate, not to deliver. As other Treasury Ministers, before...

The creation of a Financial Stability Fund, issuing bonds secured by real and financial assets, would produce a reduction in interest payments on public debt and mitigate the link between bank and sovereign risks. Purchases of securities on the secondary market could also determine a reduction...

Euro has recently led to a new kind of public debt described as nearlysovereign, expressed in a currency that can not be defined either national nor foreign. In fact, the currency is common, and is governed by the same central bank, but the debts belong to countries whose fiscal and budget...

The analysis of principal data on Chinese banks highlights how they are exposed to credit risk, primarily generated from loans to public companies. Chinese banks have a good capital provision; the analysis of economic data describes a system oriented towards relationship lending; the average...