L. Codogno, M. Monti – Italy’s recent support to its banks: The start of a new wave of public intervention in the EU

The banking crisis in Europe has three distinct waves. The first wave was pure financial contagion from the sub-prime cr...

January 18, 2017

C. Bastasin: THE GOOD OL’ DAYS OF BANKING THAT OUTLIVED THE LIRA AND RESISTS THE EURO

In the final weeks of 2016, the Italian banks’ saga threatened to unsettle the euro area. The failure to implement a m...

January 17, 2017

M. Messori – Monte dei Paschi di Siena: The ball is in the Italian government’s court

In the final days of 2016, the definitive failure to implement a market recapitalization of Monte dei Paschi di Siena (M...

January 11, 2017

S. Micossi: Italy and Europe – Time to start the dialogue

The current relationship between Italy and the European Union is far from ideal. Even more worrisome is the widening dis...

January 10, 2017

V. Milano, P. Reichlin: RISK SHARING ACROSS THE US AND EMU: THE ROLE OF PUBLIC INSTITUTIONS

Risk sharing across EMU countries falls short of the level achieved in other federations (such as Canada, Germany and th...

January 9, 2017

C. Bastasin: THE GOOD AND UNINTENDED CONSEQUENCES OF THE ITALIAN CONSTITUTIONAL REFERENDUM

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November 30, 2016

G. Bartoli: FISCAL SPACE IS BACK

It’s not a joke invented by Krugman: the EC is pushing for expansionary fiscal policy, but it will recommend the c...

November 30, 2016

L. Codogno, M. Monti: ITALY’S REFERENDUM AND FINANCIAL STABILITY

Italy’s constitutional referendum is fast approaching and financial markets are already jittery. While some observers ...

November 23, 2016

S. Micossi: WHY A “SOFT” BREXIT IS NOT FEASIBLE

In discussions about Brexit, analysts and political pundits tend to presume that negotiations on a new framework for the...

November 21, 2016