This paper examines interactions between monetary policy and financial stability. There is a general view that Central Banks smooth interest rate changes to enhance the stability of financial markets. But might this induce a moral hazard problem, and induce financial institutions to maintain...

The massive use of derivatives and securitisation by sovereign States for public debt and deficit management is a growing phenomenon in financial markets. Financial innovation can modify risks effectively run and alter the stability of the public sector finance. The experience of some developed...

Italian Abstract: La mancata crescita della produttività è un tema centrale per economisti e governi. Le politiche pubbliche di stimolo della produttività hanno registrato modesti risultati, e il maggiore incremento della produttività si è avuto dove queste politiche sono state di minore...

The intensifying pace of globalization has led to a questioning of the traditional approaches to governance at the corporate, national and international levels. To explore this issue, this volume focuses on: the most desirable forms of corporate governance; the most appropriate forms of public...

According to Senior Scholar Jan Kregel and Paolo Savona, attempting to maintain the status quo in the face of the introduction of some recent technological innovations-chiefly cryptocurrencies and associated instruments based on distributed ledger technology, the deployment of artificial...

After 2007 subprime crisis the world is no longer the one we believed; unprecedented confidence crisis married with credit crunch, and G20 countries put in place massive public spending programs to save the productive system, and smooth the inevitable hard lending. The excessive public spending...