About Luca Ruggeri

Senior Fellow at the Centro Studi Machiavelli. A graduate in Economics, he worked for over twenty years at a large Italian bank and currently serves as a general manager at an institutional investor.
17 Feb 2023

The role of VIEs in China's financial market

By |2023-02-17T13:11:04+01:0017 February 2023|Categories: Commenti e opinioni, Economia e Società|Tags: , , , , |0 Comments

Chinese companies, especially technology companies, extensively use VIEs, typically based in tax havens including the Cayman Islands, to raise foreign capital, including through listing in the U.S. and Hong Kong.

2 Jan 2023

Sometimes they come back: the ESM reform and the Italian dilemma

By |2023-01-02T15:25:34+01:002 January 2023|Categories: Commenti e opinioni, Economia e Società|Tags: , , , , , , |0 Comments

The ratification of the ESM treaty amendment is one of the "hot" topics of the Meloni government. Let us therefore take stock of the situation, trying to make the picture more intelligible than the considerable degree of confusion that seems to reign on the matter.

29 Aug 2022

Turkish quirks. How Erdogan is screwing up his economy.

By |2022-08-29T15:24:33+02:0029 August 2022|Categories: Commenti e opinioni, Economia e Società|Tags: , , , |0 Comments

Turkey is a transformative country with a deficit trade balance that is in extreme need of dollars to pay for imports and the debts of its companies, but the lira's defense in the foreign exchange markets has depleted its currency reserves without halting the Turkish currency's continuous devaluation.

16 Aug 2022

Banco BPM: French aims at Italy's third-largest bank

By |2022-08-16T10:11:29+02:0016 August 2022|Categories: Commenti e opinioni, Economia e Società|Tags: , , , , |0 Comments

Credit Agricole's significant holding stakes an heavy claim on the future of BPM, Italy's third largest banking group, which is generally considered a prey in the context of the expected further reorganization of our banking system.

29 Jul 2022

Transmission Protection Instrument: a weak anti-crisis shield from the ECB

By |2022-07-29T11:07:14+02:0029 July 2022|Categories: Commenti e opinioni, Economia e Società|Tags: , , |0 Comments

What the TPI seems to lack is the ability to convince markets of the existence of an instrument that can be easily deployed to support a country. All that remains is to hope for careful handling of the economic issue by the new government.

4 Jan 2022

Draghi and Giavazzi want the "MES cure" for Italy

By |2022-01-04T15:33:59+01:004 January 2022|Categories: Commenti e opinioni, Economia e Società|Tags: , , , , , , |0 Comments

A study by Giavazzi, cited by Draghi, proposes the creation of a European agency for debt management that would purchase part of the debt of individual countries from the ECB. The role could fall to the ESM. Why it is not a good idea.

23 Nov 2021

Quel pasticciaccio brutto della vendita di Oto Melara

By |2021-11-23T16:11:23+01:0023 November 2021|Categories: Commenti e opinioni, Guerra e Difesa|Tags: , , , , , , , , , , |1 Comment

Difficile negare l’opportunità di accordi a livello europeo nel settore della Difesa, ma per l’appunto accordi, non vendite che finiscono per danneggiare i soggetti nazionali in grado di competere nel mondo cedendo nel contempo un patrimonio di esperienze difficilmente replicabili.

7 Oct 2021

Cravatta di seta. “Aiuti” cinesi e debito

By |2021-10-07T14:08:20+02:007 October 2021|Categories: Commenti e opinioni, Politica estera|Tags: , , , , , |0 Comments

Ricerca di AidData fornisce un chiaro quadro dell’entità dell’intervento cinese e delle sue tipiche modalità operative: un atteggiamento talvolta predatorio, con prestiti ad alto tasso e pretesa di garanzie legate all'export. E abbondano i casi di corruzione.

8 Sep 2021

La strana estate dell’economia cinese, tra Alibaba, BlackRock e Soros

By |2021-09-17T13:59:55+02:008 September 2021|Categories: Commenti e opinioni, Economia e Società|Tags: , , , , , , , , , , , , , , , |0 Comments

La crescita dell’economia cinese (ed in generale dell’Asia) è stata impetuosa. Non stupisce quindi che la Cina venga vista come una interessante opportunità di investimento. Tutto bene quindi? Non esattamente. Il mercato azionario fa riflettere circa il ruolo dello Stato e del partito nell’economia.

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