In this paper we examine trade credit terms in Italy on the basis of two original surveys carried out by the Bank of Italy. The surveys show that 80-90 per cents of sales are paid on a deferred payment basis of 90 days on average and a delay of 11 days. 83 per cent of trade credit is extended on...

Trade credit arises from delayed payments between firms. It is not easy to identify its determinants since they are connected to organisational,technical, commercial and financial factors.In this paper we empirically examine the determinants of the usage of trade credit by Italian industrial...

The externalities as microeconomic market failure, admit several private solutions including appears particularly relevant in the past decade the adoption of corporate codes of ethics. These represent a tool through which the company takes toward stakeholders responsible for the activity that...

The paper proposes a method to speed up the transition toward the notional contributions pension system in Italy. It seems the most appropriate manner to combine and pursue employment and financial sustainability goals. The method computes percentages for abating the old retributive pensions...

This paper explains the evolution of the International Monetary Fund’s mandate and discusses its role in supporting countries experiencing a macroeconomic crisis. We consider the conditionality attached to its loans and why it is convenient in some regards. Even though its operations and...

This paper introduces to geographical and geopolitical pattern of the relationship with neighbours countries of the enlarged Europe since 2007. In particular, after clustering the countries at the frontiers of the EU according to spatial contiguity and shares of common values, a introductory...

This paper deals with the issue of the prospects for the Italian economy and its entry into the monetary union in Europe. The Europe is therefore the topic of the moment. In particular, the paper is an analysis of the volume edited by Jader Jacobelli (2000), which in turn contains the...

This paper analyses both the recent transformations of capitalism in Latin America and the popular resistances of mass movements and class organizations. The revolutionary progresses observed on this continent are also examined, in particular the failure of the FTAA, the opening of the ALBA, the...