On 24 November 2015, the European Commission published a proposal to establish a European Deposit Insurance Scheme (EDIS). The proposal provides for the creation of a Deposit Insurance Fund (DIF) with a target size of 0.8% of covered deposits in the euro area and the progressive mutualisation of...

Italian SMEs go public much less than SMEs located in other European countries, even though their relevance for the national economy is relatively higher in terms of employment and value added. Why do Italian SMEs so scarcely rely on equity as an external source of finance, despite the option of...

European financial regulation and supervision have undergone tremendous changes over the last years. The current institutional arrangements adopted in Europe, at both EU/eurozone and national level, are the results of an evolutionary process that was mainly driven in its recent phases by the...

Over the past thirty years, the Single European Market (SEM) has made impressive progress, growing to cover the main economic activities - from manufactured goods to all categories of services, net-work utilities and public services, public procurement, and the reconition of professional...

This paper reviews the causes of the ongoing crisis in the eurozone and the policies needed to restore stability in financial markets and reassure a bewildered public. Its main message is that the EU will not overcome the crisis until it has a comprehensive and convincing set of policies in place;...