Regional Interest Rate Pass-Through in Italy

Regional interest rate pass-through in Italy, Regional Studies. This paper estimates the pass-through and speed of adjustment of Italian regional interest rates to changes in the money market rate for the period 1998Q1–2009Q4. The main findings suggest that the mark-ups for the lending rates that banks charge are generally higher in the South than in the North. Moreover, the empirical results indicate that the pass-through tends to be longer in Southern regions. Furthermore, little support is found for the hypothesis that regional banks react asymmetrically when adjusting their loan rates when these are above or below equilibrium levels, but some evidence supporting an upward rigidity in the regional deposit rates is detected

The co-operative university: Labour, property and pedagogy

I begin this article by discussing the recent work of academics and activists to identify the advantages and issues relating to co-operative forms of higher education, and then focus on the ‘worker co-operative’ organisational form and its applicability and suitability to the governance of and practices within higher educational institutions. Finally, I align the values and principles of worker co-ops with the critical pedagogic framework of ‘Student as Producer’. Throughout I employ the work of Karl Marx to theorise the role of labour and property in a ‘co-operative university’, drawing particularly on later Marxist writers who argue that Marx’s labour theory of value should be understood as a critique of labour under capitalism, rather than one developed from the standpoint of labour

Teorie Monetarie e Banche Centrali

Il volume raccoglie i contributi di vari autori italiani e stranieri sulla relazione esistente tra i mutamenti nei mercati finanziari, la crescita economica e le variabili distributive. Esso trae origine dalla esigenza di riconsiderare le teorie e le vicende monetarie degli anni 70 e 80, durante i quali si sono verificati coambiamenti rilevanti nell'assetto istituzionale dei mercati finanziari e nella gestione della poltiica monetaria