This paper looks at the recent debt crisis in Greece and argues that the crisis exemplifies a sequence of systematic mistakes made by International Financial Institutions, mistakes whose consequences had been clearly anticipated at the time of the first bail-out and could have been avoided. I...

Italian Abstract: Questo lavoro prende in considerazione la recente crisi di debito della Grecia e sostiene che questa mostra una serie di errori sistematici fatto dalle Istituzioni Finanziarie Internazionali, le cui conseguenze erano state chiaramente anticipate sin dal primo intervento di...

Itallian Abstract: L'articolo introduce il nuovo numero della rivista, revisionando i contributi in esso contenuti, e inserendoli in un contesto. L'autore discute le recenti tendenze della politica economica europea, con particolare attenzione ai suoi trascurati spillover, sia internazionali che...

A high share of foreign currency denomination of domestic public debt in rules out any recourse to inflation tax as an effective adjustment device. Anti- inflation policies based upon hard peg regimes may remove the exchange rate risk in the short run but - as pointed out by Argentina’s...

Statistical measurement of Italy�s international investment position is subject to considerable uncertainty, owing essentially to the presence of errors and omissions in the balance of payments. The entries under this item became very substantial at the start of the 1990s, coinciding with...

This paper looks at the recent debt crisis in Greece and argues that the crisis exemplifies a sequence of systematic mistakes made by International Financial Institutions, mistakes whose consequences had been clearly anticipated at the time of the first bail-out and could have been avoided. I...

Italian Abstract: All'interno dell'UE, la percezione che la convergenza sull'attuale insieme di regole non sia in grado di produrre convergenza sui risultati, o risultati generalmente migliori, ha aumentato la frammentazione socio-politica. Il risultato è stata una crescente domanda di...

Italian Abstract: Il funzionamento dei mercati finanziari richiede l’esistenza di infrastrutture per la conclusione degli scambi degli operatori. Queste devono essere sicure, efficienti e in grado di assicurare l’ordinato svolgimento delle operazioni che vi si effettuano. Lo Statuto del SEBC...

This paper examines regional inflation divergence within the European EMU aiming at characterizing the properties of inflation differentials. The empirical evidence suggests that a process of price level convergence in the EMU is well on its way.

This paper combines the literature on financial crises with that on international immigrations by investigating whether the increasingly large flows of workers� remittances can help reduce the probability of current account reversals. The rationale for this stands in the great stability and...