type="main" <p>Competition among stock exchanges is growing fast on trading services. Differently, competition for listing securities has so far been minimal, if not absent, especially in Europe. The purpose of this paper is to highlight the monopolistic position that many important and...</p>

type="main" xml:lang="en" <title type="main">Abstract</title> <p>In contrast with the canonical models of financial markets with heterogeneous agents,, Naimzada and Ricchiuti, (<link href="#ecno12021-bib-0010"/>, <link href="#ecno12021-bib-0011"/>) show that the interaction of groups of agents who have the same trading rule but present different beliefs about the fundamental value could be a...</p>

type="main" <p>Systemic risk is the risk of a collapse of the entire financial system, typically triggered by the default of one, or more, interconnected financial institutions. In this paper, we estimate the systemic risk contribution of Italian-listed banks for the period 2000–2011. We follow a...</p>

type="main" xml:lang="en" <title type="main">Abstract</title> <p>We perform a cross-country comparison of stock market risk. Stock market risk is defined as the standard deviation of cumulative stock market returns. We model stock market returns in a VAR(1) system jointly with bond returns and a set of predictive variables....</p>

type="main" xml:lang="en" <title type="main">Abstract</title> <p>This paper aims at assessing the relevance of communicating central bank's forecasts to the private sector under discretionary monetary policy. In a New Keynesian environment, the central bank and the private sector have different information sets. The private...</p>