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...

The low growth rate of Italy, also in international and European context, has led to compare the 50s with the last ten or fifteen. The analysis shows that, apart from the initial liberalization of international trade, the period that saw the most vigorous growth in Italy was characterized from a...

The author analyses the legacy of Luigi Spaventa for Italy's economic policy. It reconstructs Spaventa's role in several ministerial committees as well as in the academic debate. The author draws on personal reminiscences at the Bank of Italy and the Ministry of Treasury, and focuses in...

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...

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...

he financial market crises in Japan and the United States due to bubbles and the exchange rate, banking and sometimes foreign debt crises that affected in past years South-East Asia, Russia, Brazil, Argentina, and Turkey made for a brief evaluation of the adequacy of national and international...