English Abstract: They can be seen as the sum of a bond and an option (derivative component). The work explores some of the issues for the evaluation of the theoretical value (or fair value) of this type of bonds, providing an order of magnitude of the difference between the issue price (gross...

English abstract: This paper investigates how Covid mobility restrictions impacted the population of investors of the Italian stock market.The research is the result of a collaboration between Consob and the Scuola Normale Superiore di Pisa. The analysis tracks the trading activity of individual...

The increasing use of internal market models for market risk assessment and management promotes, in compliance with Basel II, better risk management practices but introduces at the same time the so called model risk. In the light of the many open issues connected to market risk, the aim of this...

Questo lavoro analizza gli effetti delle agenzie di collocamento sul mercato del lavoro. Il numero di agenzie in uenza l'e cienza dei meccanismi di incontro tra domanda ed offerta di lavoro. Si introducono le agenzie in un modello di equilibrio di disoccupazione alla Pissarides e si analizzano...

Some studies that investigate the effects of migration flows –based on Solow‟s growth theory (1956) and considering the specific contribution of the human capital transfer of migrant workers (Mankiw e al. 1992; Dolado e al. 1994, Piras, 1996) –allow to evaluate the negative...

The paper examines the issue of Egyptian migration to Italy, a phenomenon that has undoubtedly increased in recent years. It describes the main socio-demographic characteristics of the group and analyze its distribution in the Italian territory; evaluates the degree of integration of Egyptian...

Italian Abstract: Il lavoro fornisce un quadro descrittivo dei recenti flussi di richiedenti asilo in Italia e nell’Unione Europea. Dopo aver esaminato le dinamiche degli ingressi irregolari e delle richieste di protezione internazionale, si analizzano le differenze a livello europeo...

The aim of the research is to introduce a generational stock-flow model to estimate international migration needs and provide long terms demographic forecasts in which migration is an endogenous variables determined by demographic trends and additional labor demand. At the empirical levels, it...

The Harris-Todaro model of rural to urban migration is extended to include urban agglomeration effects, some urban real wage flexibility and a government budget constraint. Without employment subsidies, laissez-faire migration is excessive unless real wage flexibility and agglomeration effects...