In September 1985, Brazil enacted a new Cheques Act. It is based on the Uniform Law on Cheques, pursuant to the Geneva conventions of 1930-31. This codification is of practical interest for commercial and financial transactions with Brazil since it puts an end to a period of uncertainty as to...

This is an analysis of the personality of prof. Epicarmo Corbino (1890-1984), centered on his cultural identity, his vision of economic policy, his way of interpreting the relationship between theory and history and his important activity of politician and statesman. The portrait that emerges is...

The phenomenon of municipal capitalism, which characterizes many local governments in Italy and Europe has been subject to many studies, but none have tried to model what this could imply for the choice of the optimal regulatory rule, nor for the vertical allocation of regulatory tasks among the...

Unanticipated shocks could lead to instability, which is reflected in statistically significant changes in distributions of random variables. Changes in the conditional moments of stationary variables are predictable. We provide a framework based on a statistic for the Sample Generalized...

Feed-in Tariffs (FiTs) incentivise the deployment of renewable energy technologies by subsidising remuneration and transferring market price risk from investors, through policymakers, to a counterparty. This counterparty is often the electricity consumer. Different FiT structures exist, with...

The paper aims at investigating the possible trajectories of regional clusters (industrial districts or local systems) in order to depict feasible strategies to cope with globalization. First, same relevant stylized facts on the new structure of global market are presented in order to illustrate...

This study examines the impact of female wages, unemployment, foreign remittances and globalization on female labor supply over the period from 1980 to 2010. We have applied the ARDL bounds testing to test whether cointegration exists between variables. Our results show that variables are...

Following Furtuoso and Guilhoto (2003) the GDP of the Brazilian Agribusiness is estimated to be around 27% of the Brazilian GDP in 2000, and the latest numbers show that it could be reaching 30% of the Brazilian GDP in 2003. Despite its importance for the Brazilian economy as a whole, the size...

We reconsider the effect of economic development on urban unemployment by introducing households with non-homothetic preferences into a sector-specific capital version of the Harris-Todaro model. Contrary to previous studies, this work shows that, while urban development reduces urban...

Abstract Purpose –This paper addresses corporate governance issues around the use of celebrity independent directors in closely held financial institutions. Design/methodology/approach – The authors employ the failure of Lombard Finance, a closely held New Zealand finance company to...