This paper aims to explain the Italian system peculiarities which cast some doubts on convergence of national corporate governance systems. Italian non-financial companies listed on the Stock Exchange play a relatively small role. Most Italian companies are organised as formal or informal...

The paper offers a brief analysis of the reasons why European Monetary Union receives the support of academics and operators alike as a great step forward in constructing global monetary stability. Cooperation that will lead to a stable international monetary system is recognized as a primary...