I rischi del sistema bancario ombra

Since the collapse of Lehman Brothers, the shadow banking system has drawn the attention of international institutions and academic community for its central role in the break-out of the global financial crisis. During the last decades, the shadow banking system considerably grew in size, especially in advanced economies, spreading across the real sector of the economy through its intertwined relationships with the traditional banking system, households and non-financial corporations. The aim of the present paper is to examine the evolution of the shadow banking universe and to provide some tools for the comprehension of a booming phenomenon, strongly blamed for representing one of the main causes of the recent global turmoil and for posing grave threats to financial and economic stability. Hence, following a deductive approach, the work concludes with some remarks on the risks connected to the shadow banking system as well as on the functions of monetary and fiscal authorities.

MacronEconomics. Un bilancio sulle politiche economiche di Emmanuel Macron

In this brief article we will try to take a first assessment on the economic policy of made by the French President Emmanuel Macron and by the government of Édouard Philippe. In particular, we will focus on the development of the main economic variables, the tax and pension reforms

Riforme che tolgono diritti e crescita del populismo

Recently, the reform season has removed, each time, something: less work, less retirement, fewer rights. At least apparently. The sense of the reform takes second place with respect to the effects. People remember these last and develop a less favorable attitude to change. In this paper, author tries to identify what distinguishes the reformists from the conservatives, the exceptions present and their perception.

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