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Emilio Colombo
Emilio Colombo (Potenza 1920-2013), indiscusso protagonista della storia italiana del secondo Novecento, ha rilasciato, qualche anno prima di morire, la lunga testimonianza che è pubblicata in questo volume. Nel racconto il senatore a vita ha ripercorso, sul filo della memoria, sessant'anni di attività politica, dall'impegno in Azione cattolica alle esperienze di giovanissimo costituente, di parlamentare democristiano, di sindaco, di sottosegretario all'Agricoltura e Foreste, di responsabile di ministeri cruciali (tra i quali Agricoltura, Commercio con l'estero, Industria, Tesoro, Finanze, Bilancio, Affari esteri), fino alla presidenza del Consiglio dei ministri e a quella del Parlamento e...
Billboard
In its 114th year, Billboard remains the world's premier weekly music publication and a diverse digital, events, brand, content and data licensing platform. Billboard publishes the most trusted charts and offers unrivaled reporting about the latest music, video, gaming, media, digital and mobile entertainment issues and trends.
Financial Market Imperfections and Corporate Decisions
We would like to thank Akos Valentinyi and Mark Schaffer for their advice on various stages of this research project. We also would like to thank our col leagues at the Department of Economics of the University of Milan - Bicocca for their advice and support. This book is the result of a long term project financed by various research grants: in particular the Phare-Ace programme (Project P-96-6151-R) and a research grant from the Italian Ministry of Education under the young researchers scheme. Milan, March 2005 Emilio Colombo Luca Stanca Contents Introduction 1 Financial market imperfections and corporate decisions: theory and evidence 7 2. 1 Introduction 7 2. 2 Financial market imperfectio...
There are Two German States and Two Must Remain?
In the night of 9 November the images of thousands of Eastern Germans pouring into Berlin security checkpoints at Bernauerstraße and West Berliners knocking the first brick out of the Wall literally travelled around the world. More than any other frontier, the division of Berlin as its physical representation epitomized in peoples mind the ultimate sign of the division of Europe into spheres of influence. More than any other event in Central Eastern Europe, the Berlin Walls demolition contributed to reshape both geographical maps and ideological camps. It is, therefore, not in the least surprising that these events captured the attention of millions of Europeans, ranging from present-day ob...
Narrating Europe
Die Autorinnen und Autoren dieses Bandes haben eine Reihe von Reden von Spitzenpolitikern zur europäischen Integration aus einer großen Zeitspanne (1946-2020) analysiert, wobei sie jede Rede in ihren zeitgeschichtlichen Kontext gestellt und in den biographischen Hintergrund des Redners eingeordnet haben. Die vergleichende Analyse zeigt, dass es notwendig ist, wieder zu entdecken, dass das Ideal des europäischen Einigungswerks genauso spannend sein kann wie andere nationale geschichtliche Kontroversen. Angesichts eines grassierenden Euroskeptizismus kann eine historische Einordnung und Kontextualisierung der Rolle der Kommunikation der europäischen Integration ein nützliches Instrumentar...
The Role of Financial Markets in the Transition Process
Financial Markets play an important role in economic development, channeling saving to investments and facilitating growth. In Eastern Europe financial markets were initially much underdeveloped, and lacked the skills and infrastructure they needed to be efficient, having not acquired them in the pre-transition era. The book offers a both theoretical and empirical analysis of financial markets in transitional economies. It investigates financial markets in Hungary, the Czech Republic, and Poland, and their role in the developments in the 1990s.
The Italian State and International Terrorism, 1969–1986
This book sheds light on the so-called ‘Moro Doctrine’, an Italian state security policy which has been portrayed in literature as an under-the-counter agreement made between Italy and Palestinian movement during the Cold War. The Moro Doctrine, or ‘Lodo Moro’ as it is known in Italy, aimed to protect the peninsula from Palestinian attacks by allowing terrorists to use Italian territory as a base for weapons and guerrilla fighters. Responsibility for the ‘Lodo’ was instrumentally placed on Aldo Moro, the five- time Prime Minister of Italy, after his death, and since then his name has become indelibly linked with the shame of having negotiated with Palestinian terrorists. Thanks t...
The European Integration, Vol. 1
This two-volume textbook teaches about the uniqueness and the difficulty of the European unification project. It describes, as clearly as possible, what Robert Schuman declared in 1950, that "... Europe will not be made all at once...". Navigating the nexus of four academic fields - political science, institutional analysis, economics, and history - the book serves as a reference work for accurate, exhaustive, and well-researched information on the creation and functioning of the European Union. Supported by numerous photographs, diagrams, maps, and sources, volume 1 sets out in a concise and readable way the European historical origins, the important steps in the creation of the European Union, and the treaties and historical events that have marked its course so far. Providing a comprehensive picture of the unification process and the functioning of this sui generis edifice of a united Europe, the book will serve as an essential textbook for undergraduate and graduate students studying the subject of European integration, as well as a useful resource for a broader audience interested in the European integration process.
Fiscal Multipliers and Informality
This paper investigates the role of informality in affecting the magnitude of the fiscal multiplier in a panel of 141 countries, using the local projections method. We find a strong negative relationship between the degree of informality and the size of the fiscal multiplier. This result holds irrespective of the levels of economic development and institutional quality and is robust to additional country characteristics such as trade, financial openness and exchange rate regime. In a two-sector new- Keynesian model, we rationalize this result by showing that fiscal shocks raise the relative price of official goods, shifting demand towards the informal sector. This reallocation effect increases with the level of informality, because a larger informal sector is associated with a stronger appreciation of relative prices in response to fiscal shocks. Thus, informality raises the size of the unofficial multiplier. A higher degree of non-separability between public and private goods also contributes to rationalize the lower multipliers in high-informality countries.
