China's economy, the end of a narrative
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.
21
Feb 2024
27
Apr 2023
China has become a lender of last resort
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
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
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.
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
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
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
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
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.
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