C. Bastasin, M. Messori, S. Micossi: A DOUBLE GUARANTEE FOR LIQUIDATING PROBLEMATIC ASSETS

Market tensions, which manifested themselves in Italy’s banking sector in recent days, has shed light on the fragility...

January 29, 2016

C.Bastasin, L. Bini Smaghi, F. Bruni, M. Messori, S. Micossi, F. Passacantando, F. Saccomanni, G. Toniolo: EURO-ZONE, ITALY’S RESPONSIBILITY

We are all tempted to say that the worst is behind us once and for all. However, eight years after the crisis started, t...

January 28, 2016

M. Messori: THE ROLE OF BANKS IN THE RECENT ITALO-GERMAN DISPUTE

The debate between the Italian President and other European representatives (the European Commission President and Germa...

January 27, 2016

S. Micossi: BALANCE-OF-PAYMENTS ADJUSTMENT IN THE EUROZONE

This policy contribution describes the unresolved adjustment problems confronting the eurozone, and places them in histo...

January 21, 2016

L. Codogno – Italy: Local public shareholdings under review

The Italian government is about to introduce a first set of measures to make last year’s reform of the public administ...

January 12, 2016

G. Toniolo – Bail-in: Useful in normal times, risky in a crisis

“BAIL-IN”: a new word has recently entered the public consciousness, one that is not yet present in Merriam-Webster....

December 23, 2015

C. Bastasin – MR. SCHÄUBLE’S ULTIMATE WEAPON: The Automatic Restructuring of Public Debt

A German plan for revamping the euro-area proposes an automatic mechanism for sovereign debt-restructuring. This mechani...

December 18, 2015

G. L. Tosato – THE EUROPEAN MONETARY UNION (EMU): Evolution and Legal Challenges

The implementation of a genuine EMU, as outlined in the Four/Five Presidents reports, calls for an investigation into th...

December 17, 2015

S. Micossi – The real match over debt: The proposal for a European System of Deposit Insurance

The European Commission’s proposal for the creation of a European Deposit Insurance Scheme (EDIS) triggered a part...

December 1, 2015