This paper looks at the effects of International Monetary Fund (IMF) lending programs on banking crises in a large sample of developing countries, over the period 1970-2010. The endogeneity of the IMF intervention is addressed by adopting an instrumental variable strategy and a propensity score...

This paper looks at the effects of International Monetary Fund (IMF) lending programs on banking crises in a large sample of developing countries, over the period 1970-2010. The endogeneity of the IMF intervention is addressed by adopting an instrumental variable strategy and a propensity score...

Our purpose is to reconsider Vicarelli's main contributions on the international financial crisis and its impact on the international distribution of income in the period from Fifties to Seventies of the last century. Vicarelli used a unifying approach that integrates four levels of analysis....

In questo lavoro vengono esaminati i principali problemi dell'universita' italiana nei suoi rapporti con l'industria. Dal punto di vista delle attivita' di ricerca, gran parte dei problemi che emergono derivano da due fondamentali caratteristiche dell'industria italiana: una bassa propensione...

Il lavoro si inserisce nella problematica dell'articolazione territoriale del sistema finanziario italiano, prendendo in esame i problemi di integrazione dei sistemi locali del credito operanti in regioni decentrate e diversamente sviluppate. A fronte di un quadro operativo in forte evoluzione,...

There is a broad consensus that the current, large US current-account deficits financed with foreign capital inflows at low interest rates cannot continue forever; there is much less consensus on when the system is likely to end and how badly it will end. The paper resurrects the basic...