Up to now, the G20 has supervised the process to revitalize the real economy affected by the Great Recession through fiscal stimuli and a very easy monetary policy, and to rescue the battered financial system by injecting capital into giant banks and firms. The G20 is now turning its attention...

The article, in memory of Ezio Tarantelli, discusses the relevance today of a number of his ideas and proposals on economic policy. Among these, the reduction of working time and the opportunity to create a European currency that would finance the European Social Fund with the aim to fight...

Articolo originariamente pubblicato in Moneta e Credito, vol. 57 n. 227, settembre 2004, pp. 233-277.

Despite the launch of a new strategy for growth in Europe (the Europe 2020 strategy) and the ongoing efforts to design a new international financial architecture, prospects for an economic recovery of Europe remain dim. Public deficits and debts will have to be reduced at a faster pace, with...

The article is a revised version of a speech the author gave at a conference in memory of Paolo Baffi, former Governor of Italy's Central Bank. The author recalls his personal experience at the Banca d'Italia and his intellectual exchanges with the Governor and other leading officers, within the...

Italian Abstract: Il lavoro riassume la letteratura principale sull'impatto della globalizzazione e della crisi sui sistemi bancari.La conclusione principale è che un approccio più convincente alla regolamentazione finanziaria appare necessario, anche se la completa omogeneizzazione dei...

Italian Abstract: L'autore analizza l'eredità di Luigi Spaventa per la politica economica italiana.Ricostruisce il ruolo di Spaventa in diversi comitati ministeriali e nel dibattito accademico.L'autore attinge a reminiscenze personali presso la Banca d'Italia e il Ministero del tesoro e si...

The work summarises the main literature on the impact of globalisation and of the crisis on banking systems.The main conclusion is that a more compelling approach to financial regulation appears as necessary, though the complete homogenisation of financial systems is not a goal to be sought. The...

The work summarises the views on money and credit held by Giannino Parravicini, notable Italian banker and civil servant. Through a review of Parravicini's main works, the author draws a comparison between the problems of regulating the supply of credit in post-war Italy and in the contemporary...

The economic governance of the Eurozone has been substantially improved in the last two years. However, the Eurozone still exhibits a dramatic coordination failure. Economic growth is being invoked, without anybody acting to make it realise. If a common macroeconomic stabilisation device was in...