Past and future regulation to prevent a systemic financial crisisUp to now, the G20 has supervised the process to revitalize the real economy affected by the Great Recession through fiscal stimuli and a very easy monetary policy, and to rescue the battered financial system by injecting capital...

The recent developments of the Euro crisis reveal the lack of clear or coherent thinking on the part of both the Eurozone finance ministers and the European Commission. The crisis in Cyprus is partly the consequence of decisions made on private sector involvement in the previous Greek bailout,...

Italian Abstract: Il lavoro riassume il punto di vista sulla moneta e sul credito detenuti da Giannino Parravicini, noto banchiere italiano e funzionario pubblico. Attraverso una rassegna di opere principali di Parravicini, l'autore traccia un confronto tra i problemi di regolare l'offerta di...

The European crisis did not originate with the Euro but with the excessive public debt of peripheral Eurozone countries. The 'great moderation' that had kept the euro sheltered from the storms proved a boon, because it granted the currency the status of a sound asset, but it was also a bane...

Italian Abstract: Il lavoro riassume la letteratura principale sull'impatto della globalizzazione e della crisi sui sistemi bancari.La conclusione principale è che un approccio più convincente alla regolamentazione finanziaria appare necessario, anche se la completa omogeneizzazione dei...

Italian Abstract: L'autore analizza l'eredità di Luigi Spaventa per la politica economica italiana.Ricostruisce il ruolo di Spaventa in diversi comitati ministeriali e nel dibattito accademico.L'autore attinge a reminiscenze personali presso la Banca d'Italia e il Ministero del tesoro e si...

The work summarises the views on money and credit held by Giannino Parravicini, notable Italian banker and civil servant. Through a review of Parravicini's main works, the author draws a comparison between the problems of regulating the supply of credit in post-war Italy and in the contemporary...

The economic governance of the Eurozone has been substantially improved in the last two years. However, the Eurozone still exhibits a dramatic coordination failure. Economic growth is being invoked, without anybody acting to make it realise. If a common macroeconomic stabilisation device was in...

The low growth rate of Italy, also in international and European context, has led to compare the 50s with the last ten or fifteen. The analysis shows that, apart from the initial liberalization of international trade, the period that saw the most vigorous growth in Italy was characterized from a...