Financial contagion in the East Asian crisis

노트 : Book Title: International Financial ContagionBook Chapter: Financial contagion in the East Asian crisi

The onset of the East Asian financial crisis

노트 : Volume Title: Currency crisesChapter Title: The onset of the East Asian financial crisi

The constitutional consequences of financial crisis and the use of emergency powers. flexibility and emergency sources

Analisys of transformation of norms and sources (i.e. Constituttions) during periods of crisis and emergenc

THE ROLE OF FINANCIAL INDICATORS IN THE LIFE OF ITALIAN FOOTBALL CLUBS

1. Introduction – 2. Brief review of related literature – 3. Research hypothesis – 4. Methodology and description of the sample – 5. Analysis and discussion – 6. Conclusion – ReferencesFinancial indicators, financial fair play, italian football

A Close Look Into the Financial Crisis and Financial Market Volatility-A Risk Management Perspective

The global financial crisis which was compared to great depression of the 1930’s surfaced with the subprime mortgage sector in the US in August 2007, this metamorphosed into a global financial crisis in September 2008 followed by the collapse of Lehman Brothers. The present study brings a comparison of the present financial crisis with the great depression of 1930’s and explains how the present crisis is different from great depression. Further the study ponders upon the impact of global crisis on financial markets. Key Words: Great depression, financial markets, EME”s, CDO’s, Financial Crisi

Mercantilism and Class Struggle: Italy in the International Economy, 1960-1990

The outbreak of the world-wide economic crisis in 2008 and its later worsening brought the topic of Italy’s ‘economic decline’ to the forefront of public debate The most common explanations of this decline revolve round the inability of Italian society to adapt to the new conditions caused by the advent of the ‘second wave of globalisation’ after the 1970s. Emphasis falls on the burden of public debt, the inadequacy of the reforms of Italy’s economic and social institutions (privatisation, flexibility in the labour market, market liberalisation and deregulation) and on the need for investment in education. Here, we adopt a different outlook, one which hinges on class interests and the conflict between them. The chapter covers the development of the Italian economy from 1945 to the 1990s, focusing in particular on the period starting with the crisis which put an end to the ‘economic miracle’ in 1963 and ends in 1992, when the lira left the European Monetary System. This was a period of sustained, and unprecedented, growth for the Italian economy, during which Italy caught up with other advanced industrial economies. At the same time, those were the years in which we can find the roots of the problems which have afflicted the Italian economy in the last two decades

Governance: A Soft Revolution with hard Political and Legal Effects

El supuesto básico de este artículo es que la gobernanza señala un alejamiento de los dos pilares del proyecto moderno: la democracia representativa y las instituciones legislativas. La gobernanza, como fenómeno institucional complejo, que va mucho mas allá de la participación, ha desestructurado sensiblemente los dos principales puntos de referencia de la democracia moderna: pueblo y territorio. Su trato inclusivo y abierto no ha impedido el surgimiento de un lado oscuro, hecho de modos exclusivos: un teatro sin publicidad. Desde la perspectiva de las transformaciones este artículo pone en evidencia la emergencia de una normatividad cambiante y fluida, capaz de adaptarse a las especificidades y a la variabilidad de situaciones y procesos, ofuscando inevitablemente la misma primacía de la legislación.The basic assumption of this article is that governance marks a departure from the two pillars of the project of modernity: representative democracy and legislative institutions. Governance, as a complex institutional phenomenon that goes far beyond participation, has significantly deconstructed the two main points of reference of modern democracy, that is, people and territory. Furthermore, its inclusive and open nature has not prevented the emergence of a dark side, made of exclusive modes: a theater without publicity. From the perspective of transformations, this article highlights the emergence of a changing and fluid normativity, one capable of adapting to the specificity and the variability of situations and processes, inevitably eclipsing the primacy of the legislation itself

Fading Investment Banking? Italy Before the Second World War

Investment banking; Fnancial innovation; institutions and regulation; Italy

The Single Market and Synchronized Mechanisms for the Exercise of Administrative Functions: Converging Pathways or new Pathways for Integration? The Case of the European Banking Union

The EBU represents a clear investment in administrative integration with clear implications for the constitutional features of the EU. This paper aims to give an analysis of the administrative arrangements, through which the functions of supervision and resolution are affecting the single financial market. This case study is very interesting because these functions represent a genuine novelty in the history of financial integration since they are pre-ordained to a specific public interest: financial stability. Particularly, they cause a shift in the decision gradient from the technical to the political, as market integrity is less and less the key interest compared to financial stability. However, this wider discretionary power is not adequately counteracted by checks and balances in favour of accountability. As a result, the EBU makes a new contribution to the well-known ‘fragmentation of the executive power’ of the EU by introducing a new governance tool positioned between the Communitarian and Intergovernmental Method, but its development is still full of uncertainties given that constitutional equilibrium is far from being definitively reached

Migrants' Remittances from Italy: International Remittances and Access to Financial Services for Migrants in Turin, Italy

Project Greenback 2.0 is a project led by the World Bank, in partnership with the City of Turin, aimed at fostering the development of an efficient and transparent market for remittances. Within this framework, this survey, conducted by FIERI and Laboratorio R. Revelli between July and September 2013, investigated the demand side of the remittance market in the city of Turin, collecting 480 in-depth interviews of migrants from the Moroccan, Peruvian and Romanian communities. These are the three most numerous communities in the city and the largest in terms of remittances sent to the country of origin. The survey is aimed at describing the economic and financial profile of migrants. Specifically, it investigates the interconnected dimensions of financial behaviors -- patterns of consumption and savings, remittances and investments, and financial needs and aspirations. Strong emphasis is given to remittance services and access to different types of financial products and services