Following the financial fragility approach of H. Minsky and its later extension by J. Kregel, the paper addresses some basic aspects of the dynamics and management offoreign debt in the perspective of the emerging countries. Minsky's definitions of hedge, speculative and Ponzi positions are...

The drive towards radical reforms of financial regulation is weakening as financial firms seem to be returning to calmer waters. The proposals that now appear to be having a higher probability of adoption leave the financial structure and its regulation substantially unchanged. An analysis of...

Versione rivista del lavoro presentato all'incontro su “Financial Liberalization and Global Governanceâ€, Rio de Janeiro, 19 marzo 2007, organizzato da iBase con un finanziamento della Ford Foundation.

Articolo originariamente pubblicato in Moneta e Credito, vol. 55 n. 217, marzo 2002, pp. 3-17.

The proposal for a European banking union represents the more recent effort to drive the Eurozone countries towards the effective adoption of a single rulebook and a single supervisory handbook, at the same time endowing them with a centralised mechanism for the resolution of bank crises. The...

This Report provides an introduction to the seven country studies on the implementation of the European Directives on Banking and Finance in the period from the introduction of the Single European Act to the 2007/8 Global financial crisis and the additional national measures that have been taken...