In the current European macroeconomic context Asset Backed Securities (ABS) represent an appropriate instrument to revitalize bank lending and to help overcoming the manifestations of credit crunch notably for SMEs. As evidence of this, the purchase of properly designed ABS has been recently...

Since the emergence of representative democratic states, national sovereignty is based on the rule of law and the sovereignty of the people: sovereignty is exercised by the people through democratic representative institutions, with a limited use of instruments of direct democracy. Consequently,...

In the future there will be a global growing demand for long-term investment, both in mature and in emerging countries, to finance infrastructure, innovation, education, growth, environmental programs. Mature economies will also need to increase their share of long-term investment to exit from...