The Greek crisis has brought to light the strong nexus between the credit risks of European banks and their sovereign. We study this phenomenon in Germany, France, Italy and Spain by estimating the conditional correlations between sovereign and bank CDS bond spreads over the period 2006-2015. A...

Italy is driving along a historical glide path. The main reason lies in the fact that in the country, especially in the last three decades, has experienced an extreme form of resistance to change. Everyone, when defecting, prefers that others defect as well, instead of cooperating. This...

In questa nota si discutono le recenti ricerche quantitative sulla storia economica italiana post-unitaria. Si valutano, sulla base di tali ricerche, alcuni recenti contributi alla letteratura sul dualismo tra Nord e Sud d’Italia. Infine si propongono due schemi teorici, basati su categorie...

This paper analyzes the impact of Chinese competition on developed countries export prices, with a focus on Italy. After a theoretical discussion of the channels affecting export prices in presence of competitors from low income countries, we estimate the pricing behavior of two major...