Against the backdrop of the International Monetary Fund’s (IMF) increasing focus on crisis prevention measures and the G20’s discussion of “global safety nets”, this paper analyses the IMF’s tools for crisis prevention, with particular emphasis on the recently developed Flexible Credit...

During the last years, a great debate about accounting treatment of urbanization proceeds has arisen. The various interpretations that, in the course of the last decade, have been proposed on this matter can be ascribed to the behaviour of the Italian Legislator that, from time to time, has...