The Exchange Rate Mechanism 2 (ERM2) framework promises a stronger and closer relationship between the euro and potential non-euro members of the EU. The central factor of the relationship will depend on the progress of the economic convergence of participating countries. ERM2 provides for a...

The Exchange Rate Mechanism 2 (ERM2) framework promises a stronger and closer relationship between the euro and potential non-euro members of the EU. The central factor of the relationship will depend on the progress of the economic convergence of participating countries. ERM2 provides for a...

Italy has a potential to reverse the negative cycle of the last years and to continue its action in budgetary reforms for recovery. Institutions, companies, banks must work together with a common strategy for revitalizing productive investments, technological innovation, education

Recurrent instability has characterized the global financial system since the 1980s, eventually leading to the current global financial crisis. This instability and the resultant disruptions – sovereign debt defaults, exchange rate misalignments, financial market illiquidity and asset price...

The international monetary system (IMS) is a macroeconomic concept that encompasses the foreign exchange-rate regulation, the capital movement system, and all “the rules of the game†for the adjustment of international payment imbalances. The international financial architecture (IFA)...

The crisis had stressed the financial system and the supervisory model. It offers also the opportunity to strength the financial stability controls and to construct a more stable system that benefit from the market integration without increasing the overall risk. Among available solution for the...

1) Stability Oriented Monetary and Prudential Policies in EU Accession Countries, by Michael C. Bonello 2) Ensuring Financial Stability: Global and European Perspectives, by Fabrizio Saccomanni 3) Foreign Bank Ownership: A Bonus or Threat for Financial Stability? by Claudia M. Buch, Jörn...

This paper reviews the modalities of extending short-term banking and Euro-currency credits to developing countries and analyzes some of the issues related to these types of financing from the point of external debt management policies. Lines of credit are extended in the framework of...