The paper investigates, from the welfare and growth point of view, the determination of the optimal capacity of the banking system. For that purpose, we consider an overlapping generation model with endogenous growth. There is horizontal differentiation and imperfect competition in the banking...

In Europe, the economic contraction starting in 2007-2008 has called for new economic policy tools. This paper analyses one of such policies, i.e. the network contract. Network Contracts are an innovative policy introduced in Italy with Law 9 April 2009, N. 33. This policy fosters the creation...

The management of revenues from exhaustible natural resources involves a number of challenges. In this paper, we argue that the standard policy advice to managers of resource revenues has been dominated by short-termism and the lack of a perspective on economic development and structural...