According to the current literature concentrating monetary policy and supervisory policy functions in the central bank weakens the anti-inflationary credibility of this institution. In this paper we show that, if central banks behave as political players, exercising banking supervision can allow...

Introduction - The Main Features of the International Money's Evolution -- Money and the International Monetary System: Origins and Evolution -- The Classic Gold Standard -- The Gold-Exchange Standard, its Collapse, and the Interwar Lack of an International Money -- The Bretton Woods System --...

The prevalent reinterpretations of the Great Inflation formulated in recent periods attribute the inflationist acceleration of the 1970s mainly to the fact that policymakers at the time based themselves on ‘mistaken’ economic ideas, above all the traditional Phillips curve. However, the...

One of the most widely supported arguments against attributing supervision functions to a central bank is based on the conflict of interest hypothesis.However, in some circumstances, financial supervision enhances central bank's independence. In fact, when a central bank is goal independent, it...

<i> Origine ed evoluzione delle banche centrali: il ruolo delle lobby sociali </i> (di Giampiero Cama e Giovanni B. Pittaluga) - ABSTRACT: In order to understand public economy and the institutions which are principally responsible for it, one must refer, inevitably, to any general model of the...