Circa 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.
21 Feb 2024

China's economy, the end of a narrative

Di Luca Ruggeri|2024-02-21T12:15:53+01:0021 February 2024|Categories: Commenti e opinioni, Economia e Società|Tag: , , |0 Commenti

The Chinese economy appeared to be launched to conquer the world. But numerous signs seem to herald a coming stagnation, particularly with regard to foreign investment.

14 Dec 2023

Hamas plays the stock market? Suspicious transactions on the eve of the attack

Di Luca Ruggeri|2023-12-14T13:07:31+01:0014 December 2023|Categories: Commenti e opinioni, Economia e Società|Tag: , , , , |0 Commenti

Anomalies in the financial markets suggest financial maneuvers informed in advance of Hamas' attack on Israel. This raises concerns about the possibility of terrorist organizations exploiting their military actions to finance themselves by playing on the fluctuations in the stock market that they themselves cause.

4 Jul 2023

What the Finance note says about the ESM

Di Luca Ruggeri|2023-07-04T14:18:37+02:004 July 2023|Categories: Commenti e opinioni, Economia e Società|Tag: , , , , , , |0 Commenti

The Finance Ministry note adds nothing to what is already known about the ESM while it fails to discuss some very problematic aspects of the reform including the impact on the sustainability of Italian debt. In fact, the reform puts Italian public debt at the mercy of European Fund declarations.

27 Apr 2023

China has become a lender of last resort

Di Luca Ruggeri|2023-04-27T12:31:53+02:0027 April 2023|Categories: Commenti e opinioni, Economia e Società|Tag: , , , |0 Commenti

China has assumed the role of lender of last resort to several countries, in effect creating its own financial system that competes with the activities hitherto carried out by the U.S. and the IMF.

17 Feb 2023

The role of VIEs in China's financial market

Di Luca Ruggeri|2023-02-17T13:11:04+01:0017 February 2023|Categories: Commenti e opinioni, Economia e Società|Tag: , , , , |1 Commento

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

Di Luca Ruggeri|2023-01-02T15:25:34+01:002 January 2023|Categories: Commenti e opinioni, Economia e Società|Tag: , , , , , , |1 Commento

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.

Di Luca Ruggeri|2022-08-29T15:24:33+02:0029 August 2022|Categories: Commenti e opinioni, Economia e Società|Tag: , , , |0 Commenti

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

Di Luca Ruggeri|2022-08-16T10:11:29+02:0016 August 2022|Categories: Commenti e opinioni, Economia e Società|Tag: , , , , |0 Commenti

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

Di Luca Ruggeri|2022-07-29T11:07:14+02:0029 July 2022|Categories: Commenti e opinioni, Economia e Società|Tag: , , |0 Commenti

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.

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