The paper analyses the process of internationalisation of the banking sector from the perspective of firms' strategies under conditions of oligopoly. The Italian case is interesting from this point of view for its simultaneous dynamics of entry of several foreign players in the market and...

The crisis has shown that banks that are too big to fail are at the core of the international financial system. These institutions are thus at the centre of a powerful wave of re-regulation of the banking system. Overall, the proposals developed to strengthen the capacity of big banks to weather...

The conclusions of the Vickers Report, broadly accepted by the Uk government, put the country on the forefront of the reform movement affecting banking supervision. The traditional British light regulatory touch, this time, has given way to a decisive crackdown, mainly due to the effects of the...

This paper tests the existence of a Beveridge Curve across the economies of nine OECD countries from 1980 to 2011, investigating the impact of various kinds of structural factors (technological progress, globalisation, oil prices) and of the current recession on the Curve. Technological progress...

We examine the influence of the 1992 and 1993 wage agreements on the disinflation experienced in Italy through the 1990s, providing econometric estimates both for the reaction function of the Bank of Italy and for 2-digit industry wage equations. We rely on industry-level measures for the degree...

This paper explores the meaning of the idea of common good as used in the classical political tradition in order to study its role in the present political economy. It first analyses the received meaning of the term ‘‘common good’’ in economics with the help of a brief sketch of its...

<em>Institutional Variables, Capital Flows and GDP: A Causality Analysis</em> (by Giuseppe Mastromatteo, Giovanni Verga) - ABSTRACT: uring the last years the effects of socio-institutional and political variables on economic conditions has gained importance in the literature. This paper investigates the...

<i> Microfondamenti della teoria monetaria postkeynesiana </i> (di Giuseppe Mastromatteo) - ABSTRACT: Postkeynesian theorists emphasise the fact that Keynes’ economic process is recursive rather than Walrasian. Such recursiveness proceeds from an exogenous and "conventional" monetary interest rate to...