This paper is a step in the direction of a larger research project aimed at determining the long run equilibrium value of the euro/dollar real exchange rate. Given this value, one could then give a precise meaning to the notion of undervaluation or overvaluation of the euro, and calculate its...

Empirical analysis shows that formal and informal institutions are key factors in explaining why some countries, as well as territories within countries, are more prosperous than others are. After almost 160 years from their formal unification, Italian territories are still quite heterogeneous...

Export promotion policies refer to the set of foreign trade policies targeted to exports enhancement. The aim of the present paper is reviewing the wide experience collected by the various countries in the past. Our purpose is two-fold. On the one side, our contribution aims at identifying the...

Most pre-crisis explanations of the various corporate governance systems have considered the separation between ownership and control to be an advantage of the Anglo-American economies. They have also attributed the failure of other countries to achieve these efficient arrangements to their...

Most pre-crisis explanations of the various corporate governance systems have considered the separation between ownership and control to be an advantage of the Anglo-American economies. They have also attributed the failure of other countries to achieve these efficient arrangements to their...