Michele Fratianni
CIBER Eminent Faculty Fellow,
Professor of Economics, Università Politecnica
delle Marche, Ancona (IT)
Updated: August, 2007
Michele Fratianni at his retirement dinner,
Indiana University Foundation, Bloomington, Indiana, April 8, 2006.
PERSONAL
US Address:
Telephone: 1-8l2-855‑9219
Fax 1-812-855-9006
E-mail fratiann@indiana.edu
Dipartimento di
Economia
Piazzale Martelli, 8
60121
Telephone: 39-071-2207120
E-mail m.fratianni@univpm.it
HONORS, FELLOWSHIPS AND GRANTS
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Honorary Citizenship of
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W. George Pinnell Professor of Business Economics and Public Policy, 1998-2006
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AMOCO Faculty Fellow, 1993 - 1998
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IGIER (
§
§
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Studies (1991-92 Grant on Political Economy of European Integration)
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Mont Pelerin Society, member since 1992
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§
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Fondo
Interbancario di Tutela dei Depositi, Rome (1993 Summer Fellowship)
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Scanno Prize in Economics, 1991
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Fellow of the
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Fulbright Senior Research Fellow, 1985‑1986.
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Ufficiale
della Repubblica italiana (1982)
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Gold Medal of the
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Medal of the President of the
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Beta Gamma Sigma
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Program committee of the Western Economic Association, l973
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International Business Research Institute (Summer l973)
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Comitato
Nazionale delle Ricerche (l972)
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International Business Research Institute (Summer l972)
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International Business Research Institute (Summer l97l)
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Ente per
gli Studi Monetari Bancari Finanziari Luigi Einaudi (Fall, l970)
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The Mershon Graduate Fellowship (l967‑68, l968‑69, l969‑70)
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The Ohio State University Scholarship (l966)
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Rapid American McCrory Foundation Scholarship (l965)
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Phi Beta Kappa Society, Epsilon of
INTERNATIONAL EXPERIENCE
1997-present: Member of the
Scientific Board of
2002: Faculty of the Master of
Finance at the University of
2001: Director of the IU Kelley
1999: President of UniversEd,
LLC, a company specializing in executive educational programs worldwide.
1998: Executive education for
financial analysts preparing for the CFA (Certified Financial Analyst) exam,
Catholic University of Milano (
1997: Executive education for
financial analysts preparing for the CFA (Certified Financial Analyst) exam,
Italian Stock Exchange in Milano (Italy)
Developed and directed two educational programs, one for NEMETRIA in
Foligno (Italy) and the other for the Italian Stock Exchange in Milano (Italy).
The Foligno program consists of 800 contact hours of graduate-level banking and
finance. The course starts in January and ends in August and aims at placing
Italian university graduates in top financial institution. The
1996: Adviser to Government of
Vietnam on banking system reform. Lectures and advising on specific topics were
given to the State Bank of
1994: Project Director, Ryazan
Partnership for Management Training, a series of intensive courses for Russian
banking executives in
1993: Advisor to Italy's
Minister of Industry on issues of privatizations; member of the “Committee on
Prices and Markets” (Commissione per l'osservazione dei prezzi e dei mercati);
advisor to Fondo Interbancario di Tutela dei Depositi, Rome (Interbank Fund for
Deposit insurance) on matters of deposit insurance.
1991-92: International Baltic
Economic Commission. Headed the Monetary and Fiscal Policy Committee and
developed the Baltic Banking Program for bankers and government officials from
1986: Advisor to the Italian
Ministry of the Treasury. I prepared the material and argued the case of
1981-82: President's Council
of Economic Advisers. One of my duties was to represent CEA at the IMF, World
Bank and OECD. I attended regularly WP-2 and WP-3 meetings in
1980: Advisor to the Italian
Minister of the Budget on issues of macroeconomic policy and infrastructure
project financing.
1976-79: Commission of the
European Communities,
various years: advisor and
consultant to Banca Nazionale dell' Agricoltura, Rome; Istituto Bancario S.
Paolo, Turin; Fondigest, Milan; Confindustria, Rome; Banque Bruxelles-Lambert,
Brussels; Booz‑Allen and Hamilton, New York; Center for Economics and
Policy Studies, Turin; Argus Research Corporation, Rome; Bank of Italy, Rome.
TEACHING AND RESEARCH POSITIONS
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Professor of Economics, Università Politecnica delle
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CIBER Eminent Faculty Fellow, Kelley
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Visiting Scholar, Banca d’Italia,
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W. George Pinnell Professor of Business Economics and Public Policy,
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Chair, Business Economics and Public Policy,
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AMOCO Faculty Fellow of Business Economics and Public Policy,
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Visiting Professor of Economics, Katholieke Universiteit te
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Allis-Chalmers Distinguished Professor of International Economics,
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Bundesbank Professor of International Monetary Economics, Free
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Professor of Business Economics and Public Policy,
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Visiting Professor,
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Visiting Professor of Economics,
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Senior Staff Economist, Council of Economic Advisers, Aug l98l ‑
July l982.
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Economic Adviser to the Commission of the European Communities,
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Associate Professor of Business Economics and Public Policy,
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Assistant Professor of Business Economics and Public Policy,
PROFESSIONAL ACTIVITIES
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Advisor to Italian Minister of Industry, 1993.
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NEMETRIA Banking and
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Advisor
to Fondo Interbancario di Tutela dei Depositi (Interbank Fund for Deposit
insurance), Rome, 1993.
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Founding member of the
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Advisor to the Italian Ministry of the Treasury, 1986.
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Advisor to Tecnovalori (Mutual Fund), Milano.
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Member of the Planning Committee, Banca Nazionale dell' Agricoltura,
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Advisor to the Italian Minister of the Budget, Summer l980.
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Advisor
to Istituto Bancario S. Paolo di Torino, Italy, Summer l980 - present.
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Consultant to the World Financial Study Project, Booz‑Allen and
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Member, Scientific Board, CONFINDUSTRIA,
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Member, Board of Directors, Center for Economics and Policy Studies,
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Argus Research Corporation, l974 ‑ l976.
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Bank of Italy, on international monetary issues with particular reference
to the Eurodollar market, l97l ‑ l973.
PROFESSIONAL ASSOCIATIONS
American Economics
Association,
JOURNAL ACTIVITIES AND BOOK SERIES
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Open Economies Review, Kluwer Academic Press,
Founder and Co-Editor, 2005 to present.
§
Open Economies Review, Kluwer Academic Press,
Founder and Managing Editor, 1990-2005.
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Review of International
Organizations, Springer,
Editorial Board, since 2005.
§
Economia Italiana, member of the Advisory Board,
since 2005
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Review of Economic Conditions
in Italy,
member of the Advisory Board, since 2005
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The North-American Journal of
Economics and Finance, member of the Editorial Board, since 2006
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Economia Marche, member of the Advisory
Board, since 2006.
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Mondo Bancario, Member of the Review Board,
since 2000.
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Global Finance series, Ashgate Publishing,
co-editor since 2002.
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European and Transatlantic
Studies,
Springer Verlag, series editor.
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Report on the Financial System (yearly reports), Rosselli Foundation, Member of the
Scientific Board, since 2000.
§
Rivista di Diritto Valutario e
di Economia Internazionale, Member of the Review Board up to its demise in 1992.
BOOKS AND MONOGRAPHS (in chronological order)
1. La
Liquidita' Internazionale (International Liquidity), with
2. Inflazione, Produzione e Politica Economica
in Italia (Inflation, Output and Economic Policy in Italy), Franco Angeli,
Milan, l975.
3. L'Economia Italiana l974 ‑
l975 (The Outlook for the Italian Economy in l974 ‑ l975), with G.
LaMalfa and B. Trezza, Franco Angeli,
4. L'Economia Italiana l975 ‑ l977
(The Italian Economy in l975 ‑ l977), with P. Armani, M. DeCecco and G.
LaMalfa, Franco Angeli, Milan, l976.
5. Bank Credit, Money and
Inflation in Open Economies, Kredit und Kapital, editor, l976.
6. Le Organizzazioni Economiche Internazionali
(International Organizations), with John C. Pattison, Franco Angeli, Milano,
l977.
7. L'Economia italiana l976 ‑ 78 (The
Italian Economy in l976 ‑ 78), with G. Basevi, M. De Cecco and G. La
Malfa, Franco Angeli, l977.
8. OPTICA REPORT l976. Inflation and Exchange Rates: Evidence and Policy Guidelines for the
European Community, Commission of the European Communities,
9. L'Economia Italiana l977 ‑
79 (The Italian Economy l977 ‑ 79), co‑authored, Franco Angeli,
l978.
10. One Money for Europe,
editor, MacMillan,
11. Money, Output and Exchange
Rates: The European Experience, with Paul De Grauwe and Mustapha Nabli,
MacMillan,
12. La Storia Monetaria d'Italia: 1860 - 1980,
with Franco Spinelli, Mondadori, Milan, 1991.
13. Financial Regulation and
Monetary Arrangements after 1992, co-editor, with C. Wilborg and T.D.
Willett, North-Holland, 1991.
14. Handbook of Monetary Policy, co-editor, with Dominick Salvatore,
15. The European Monetary System and European Monetary
16. The Monetary History of
17. Macroeconomic Policy in Open Economies (Handbook of Comparative Economic
Policies, vol 5), co-editor, with Dominick Salvatore and Jürgen von Hagen,
18. Entorf, Horst, Mismatch Explanations of European Unemployment: a Critical Evaluation,
acting editor, Springer, 1998.
19. Ideas for the Future of the International Monetary System, Special Supplemental Issue of
Open Economies Review, Vol. 9, Supplement 1. Editor, with
20.
Storia Monetaria d’Italia: La lira e la
politica monetaria italiana dall’unità all’Unione Europea, Etas, 2001. [Monetary History of
21. Governing Global Finance: New Challenges, G7 and IMF Contributions, Ashgate, 2002. Editor, with
22.
Sustaining
Global Growth and Development, Ashgate, 2003. Editor, with
23.
New Perspectives on Global
Governance,
Ashgate, 2005. Editor, with John Kirton, Alan Rugman and
24. Regional Economic Integration, Elsevier, 2006, forthcoming. Editor
REFEREED ARTICLES (in chronological order)
l. “Una
Struttura Formale per l'Analisi della Capacita Moltiplicativa del Mercato
dell'Euro‑dollaro” (A Formal Structure for the Analysis of the
Multiplicative Power of the Euro‑dollar Market), L'Industria, with
2. “Eurodollar Creation: Comments on Professor
Machlup's Propositions and Developments,” Banca
Nazionale del Lavoro Quarterly Review, with
3. “Moneta Potenziale e Base Monetaria
Aggiustata in Italia dal l958 al l969,” (Potential Money Stock and the Adjusted
Monetary Base in Italy from l958 to l969), with Paolo Ranuzzi De Bianchi, Bancaria, Mar l97l.
4. “Bank Credit and Money Supply Processes in An Open Economy: A
Model Applicable to
5. “Fiscal and Monetary
Policies in Moderate Inflation: A Case Study of Three Countries,” The Journal of Money, Credit and Banking,
with Karl Brunner, Jerry Jordan, Allan Meltzer, and Manfred Neumann, Feb l973,
pp 3l3‑353.
6. “Teoria e Pratica del Tasso dell'Interesse in
Italia: un Differente Approccio,” (Theory and Evidence of the Determination of
the Rate of Interest in Italy: A Different Approach), Quaderni dell'Economia Sarda, Nov-Dec l972, pp l87‑l93.
7. “The Problem of Coexistence of SDRs and a Reserve Currency: A
Comment,” Journal of Money, Credit, and
Banking, Feb l974.
8. “The Lagged Adjustment of U.S. Trade to Prices and Income,” with
Joseph Miller, Journal of Economics and
Business, Feb l974.
9. “Meccanismi
di formazione del credito bancario e della moneta e politiche monetarie e
fiscali in una economia aperta: l'esperienza italiana, l958‑l969,”
(Formation of Bank Credit, Money, and its Implications for Money and Fiscal
Policies in an Open Economy: The Italian Experience l958‑l969), Studi di Economia, University of
Cagliari, Aug l974, pp 3‑64.
10. “A Critical Look at Major Inflation Theories,” Tijdschrift Voor Economie, Sep l974.
11. “Ritenzione
e Uso degli SDR: Un modello esplicativo,” Economia
Internazionale, Feb l974.
12. “A Currency for Europe,” The
Economist, with G. Basevi, H. Giersch, P. Korteweg, D. O'Mahoney, M. Parkin,
T. Peeters, P. Salin and N. Thygesen, Nov l, l975, pp 33‑38.
13. “On the Effectiveness of Monetary Policy Under Fixed Rates of
Exchange,” Journal of Monetary Economics,
Jan l976.
14. “When It Pays to Co‑operate,” with John C. Pattison, The Banker, Aug l976, pp 89l‑94.
15. “The Economics of the OECD,” with John C. Pattison, Carnegie-Rochester Conference Series on
Public Policy, Vol 4, 1976.
16. “Price and Output Adjustment in a Closed Economy,” Journal of Money, Credit and Banking,
Feb l977.
17. “The Lagged Adjustment of U.S.
Trade to Prices and Income: A Response,” with Joseph C. Miller, Journal of Economics and Business, Sep
l976.
18. “A Note on the Theory of Offsetting Capital Flows,” Journal of Monetary Economics,
Feb l977, pp l33‑l38.
19. “Inflazione
e variazioni inattese della produzione in Italia,” Rivista di Politica Economica, Aug‑Sep l977.
20. “Inflation and Unanticipated Changes in Output in Italy,” Carnegie‑Rochester Conference Series
on Public Policy, K. Brunner and A.H. Meltzer, eds., Amsterdam, North
Holland, Vol 8, l978, pp l4l‑l48.
21. “Europe Enters the Eighties,” with members of the Shadow European
Economic Policy Committee, Banca
Nazionale del Lavoro Quarterly Review, June l979.
22. “The Italian Economy in l978‑l979,” Review of Economic Conditions in
23. “Money Stock Control in the EEC Countries,” with Mustapha Nabli, Weltwirtschaftliches Archiv (Review of
World Economics), Sep l979.
24. “The European Monetary System: A Return to an Adjustable Peg
Arrangement,” Carnegie-Rochester
Conference Series on Public Policy, Vol 13, l980.
25. “Money, Prices and Wages in
26. “Sylos
Labini on Spinelli and Fratianni on Inflation: A Reply,” with Franco Spinelli, Banca Nazionale del Lavoro Quarterly Review,
Dec l98l, pp 466‑467.
27. “Abolishing Fiscal Frontiers within the EEC,” with Herbert Christie,
Public Finance, Mar, 1981.
28. “Appunti
sulla storia della circolazione monetaria in Italia: l861-1914,” with Franco
Spinelli, Banca Toscana Studi e
informazioni, l98l, pp 17-39.
29. “The Economics of International Organizations,” with John Pattison. Kyklos, l982, Fasc. 2, pp 22‑35.
30. “The Growth of Government in
31. “The Law of One Price in the Eurocurrency Market,” with Lee
Macdonald Wakeman, Journal of
International Money and Finance, 1, 1982, pp 307‑323.
32. “La
crisi dell' indebitamento internazionale: come è sorta e come si può superare,”
Bancaria, Feb l983.
33. “International Debt, Insolvency and Illiquidity,” with Karl Brunner,
Allan Meltzer, Jerry Jordan, Morris Goldman, and Anna Schwartz, The Journal of Economic Affairs, Apr
l983.
34. “International Debt Crisis: Policy Issues,” The Banker, Aug l983.
35. “U.S. Economic Policies: Are they a Burden on the Rest of Us?,” with
Paul De Grauwe, The Banker, Sep l983.
Longer version, “U.S. Economic Policies: Are they a Burden on the Rest of the
World?” Economic Notes, Vol 12, No 3,
1983.
36. “The Political Economy of International Lending,” with Paul De
Grauwe, The Cato Journal, Summer,
l984.
37. “Currency Competition, Fiscal Policy and the Money Supply Process in
38. “Interdependence, Macro‑economic Policy and All That,” with
Paul De Grauwe, The World Economy,
Vol 8, No 1, Mar 1985, pp 63‑79.
39. “Inflation and Output with Rational Expectations in Open Economies,”
with Mustapha Nabli, Weltwirtschaftliches
Archiv, Heft 1, 1985, pp 33‑52. also in, Monetary Policy and Uncertainty, Manfred J. M. Neumann, ed., Nomos
Verlagsgesellschaft,
40. “Economic Growth in the 1970s and Beyond,” with
41. “Tassi
dell'interesse e tassi di cambio in un mondo interagente:l'esperienza degli
anni ottanta,” Rivista di Diritton
Valutario e di Economia Internazionale, Sep 1986, pp 581-596.
42. “Can Belgium Borrow itself out of its Budget Deficit?” Recherches Economiques de Louvain, 53,
1987, pp 89-96.
43. “Random Walk and Monetary Causality in Five Exchange Markets,” with
Hyung-Doh Hur and Heejoon Kang, Journal
of International Money and Finance, 6, Dec 1987, pp 505-514.
44. “Opportunita'
e prospettive per l'Italia negli anni ottanta,” Economia Italiana, No 2, May-Aug 1987, pp 259-284.
45. “
46. “Le
implicazioni di politica monetaria del mercato unico europeo,” Bancaria, Oct 1988.
47. “The European Monetary System: Ten Years After,” with Jürgen von
Hagen, Carnegie-Rochester Conference
Series on Public Policy, Vol 32, 1990.
48. “German Dominance in the
49. “Testing for Political
Business Cycles,” with Lawrence Davidson and Jürgen von Hagen, Journal of Policy Modeling, 12 (1), 1990,
pp 35-59.
50. “A Scholar and a Friend Has Died: In Memoriam of Karl Brunner,” Open Economies Review, Oct 1990.
51. “Testing the Satisficing Version of the Political Business Cycle:
1905-1984,” with Jürgen von Hagen and Lawrence Davidson, Public Choice, Vol 73, 1992, pp 21-35.
52. “German Dominance in the
53. “Public Choice Aspects of European Monetary Unification,” with
Jürgen von Hagen, The Cato Journal,
Fall 1990.
54. “The Maastricht Way to EMU,” with Jürgen von Hagen and Christopher
Waller, Essays in International Finance,
International Finance Sect, Princeton Univ, No 87, June 1992.
55. “European Monetary Union and Central Bank Independence,” with Jürgen
von Hagen, Regional Science and Urban
Economics, Vol 23, No 3, July 1993.
56. “The Transition to European Monetary Union and the European Monetary
Institute,” with Jürgen von Hagen, Economics
and Politics, Blackwell Publishers, July 1993. reprint in, The Political Economy of European Monetary
Unification, Barry Eichengreen and Jeffrey Frieden, eds., Westview,
Boulder, 1994.
57. “International Equality of Stock Market Returns,” with Heejoon Kang,
Open Economies Review, No 4, 1993, pp
381-401.
58. “Le
Implicazioni Fiscali di Maastricht Per L'Italia,” Sviluppo economico, 2/1993, pp 139-159.
59. “New Growth Theory: A Survey from a Policy Perspective,” with
Haizhou Huang, Kredit und Kapital,
Jan 1995, pp 62-86.
60. “Monetary Policy Needs
an Anti-Inflation Anchor,” Review of
Economic Conditions in
61. “Monetary Union: Still
Coming in Europe and
62. “Indicators of
Financial Development,” with George von Furstenberg, North American Journal of Economics and Finance, Vol 7, No 1, 1996,
pp 19-29.
63. “The Lira and the
Pound in the 1992 Currency Crisis: Fundamentals or Speculation?” with Michael
Artis, Open Economies Review: Special Issue:
Currency Crisis, George Tavlas, ed., Vol 7, supplement 1, 1996, pp 573-589.
Reprinted in The Collapse of Exchange
Rate Regimes: Causes, Consequences, and Policy Responses, George Tavlas,
ed., Kluwer Academic Publishers,
64. “Central Banking as a Political Principal-Agent Problem,” with Chris
Waller and Jürgen von Hagen, Economic
Inquiry, vol 35, no 2, 1997, pp. 378-393.
65. “Bank Deposit Insurance: The Italian Case,” Review of Economic Conditions in
66. “Maxi versus Mini EMU: The Political Economy of Stage III,”
67. “The European Monetary System: How Well Has it Worked?” The Cato Journal, Dec, l988. Reprinted
in Dollar, Deficits and Trade, James
A. Dorn and William A. Niskanen, eds., Kluwer Academic Publishers,
68. Dominant currencies and
the Future of the Euro (with Andreas Hauskrecht and Aurelio Maccario), Open Economies Review, Supplemental
Issue. Also appeared as 1998.Le
valute dominanti e il futuro dell’euro, in Idee
per il futuro del sistema monetario internazionale.
69. From the Gold Standard to
a Bipolar Monetary System (with Andreas Hauskrecht), Open
Economies Review, Supplemental Issue.
Also appeared as 1998. Dal
gold standard al sistema monetario monetario a due valute, in Idee per il futuro del sistema monetario internazionale.
Rome: Aspen Institute Italia.
70. Comment on Aliber’s “Capital
Flows, Exchange Rates, and the New International Financial Architecture: Six
Financial Crises in Search of a Generic Explanation,” Open Economies Review, Vol. 11, August 2000: 63-67.
71.
International Organisations in a World of Regional Trade Agreements:
Lessons from Club Theory (with John Pattison), The World Economy, March
2001, Vol. 24. No. 3: 333-358.
72. Fiscal Dominance and Money
Growth in
73. The Bank for International
Settlements: An Assessment of its Role in International Monetary and Financial
Policy (with John Pattison), Open
Economies Review, 2001, 12:197-222.
74.
The Konstanz Seminar on Monetary Theory and Policy at Thirty (with
Jürgen von Hagen), European Journal of
Political Economy, September 2001, Vol. 17. 641-664.
75.
International Financial Architecture and International Financial
Standards, (with John Pattison), Annals,
AAPSS (Annals of The
76.
“Globalizzazione o aggregazioni per grandi aree?”, Economia Marche, April 2003, Vol. XXII, 1: 7-28.
77. Heterogeneous
distance-elasticities in trade gravity models,
Economics Letters, 2006, vol
90,1: 68-71. (with Heejoon Kang).
78. Central Bank Cooperation at the Bank for
International Settlements, 1930-1973, a Review, Journal of Economic History, 2006, vol 66(1): 268-270.
79. Government Debt, Reputation
and Creditors’ Protections: The Tale of San Giorgio, Review of Finance, 2006, 4:…
80. Italian City-States and Financial Evolution, European Review of Economic History,
2006, vol.10, 3: 257-278 (with Franco Spinelli)
81. International Trade, OECD Membership, and Religion, Open Economies Review, 2006, vol 17,4-5:
493-508 (with Heejoon Kang).
CHAPTERS IN EDITED BOOKS AND PROCEEDINGS
1. “The International
Monetary Base and the Eurodollar Market: An Econometric Model,” presented at
the Third World Meeting of the Econometric Society, Barcelona, Spain, Sep l97l.
with
2. “The International
Monetary Base and the Eurodollar Market,” in Karl Brunner (ed.) Konstanz‑Symposium
I on Monetary Theory and Monetary Policy, Kredit
und Kapital, Mar l973, pp 347‑409. with
3. “International
Liquidity: An Analytical and Empirical Reinterpretation,” in A Debate on the Eurodollar Market, Ente
per gli Studi Monetari, Bancari e Finanziari Luigi Einaudi, Quaderni di
Ricerche N. ll, Rome, l973.
4. Comments on W. Branson's “Portfolio Equilibrium and Monetary
Policy with Foreign and Non‑traded Assets,” in Emil Claassen and Pascal
Salin, eds., Money and International
Monetary Problems,
5. “Domestic Bank Credit, Money and the Open Economy,” in M.
Fratianni and K. Tavernier eds., Bank
Credit, Money and Inflation in Open Economies, Kredit und Kapital, l976.
6. “Inflation, Unemployment and Macroeconomic Policy in Open
Economies: A Comment on the Laidler and Hamburger and Reisch Papers,” in Volume
IV, Institutions, Policies and Economic
Performance, Journal of Monetary Economics, l976. with Pieter Korteweg, 339‑353.
7. “Inflation, Excess Demands, and Anticipations: Empirical Analysis
of the French Experience,” Proceedings of the Second Annual Meeting of the
European Finance Association, North‑Holland, l976. with André Fourçans
8. “International Institutions and International Progress,” in Nake
M. Kamrany, ed., The New Economics of the
Less Developed Countries,
9. “E.M.U.: Rehabilitation of a Case and Some Thoughts for Strategy,”
in M. Fratianni and Theo Peeters, eds., One
Money for Europe,
10. “The Dollar and the ECU,” in G. Haberler, T. Willett and J. Dreyer,
eds., The International Monetary System
Under Stress, American Enterprise Institute, l982.
11. “Italy in the Gold Standard Period, l86l‑l9l4,” in Anna
Schwartz and
12. “Analysis of Stagflation and U.S. Policy Alternatives,” in W.J.
Megaw, Prospects for Man, Economics,
Inflation, and Employment, York University, Ontario, Canada, l983.
13. “The Economic Policy of President Reagan: One Year Later,” Banca Toscana Studi e Informazioni,
Quaderni 4, Mar l5, l982.
14. “International Trade and International Finance,” a Comment to Guido
Carli and
15. “Information and Output with Rational Expectations in Open
Economies,” M.J.M. Neumann, ed., Monetary
Policy and Uncertainty, Nomos Verlagesellschaft,
16. “Gli
USA nell'occhio del ciclone,” in Jader Jacobelli, ed., Dove va l'economia italiana? Roma, Laterza, 1988.
17. “International Macroeconomic Policy Cooperation: Where Do We Go From
Here?” A Comment to Stephen Marris in Paolo Guerrieri and Pier Carlo Padoan,
eds., The Political Economy of
International Co-operation, Croom Helm, New York, 1988.
18. “Bush
o Dukakis: I Prossimi Quattro Anni,” Incontri
di Rocca Salimbeni, November 18, 1988.
19. “Prevedibili
Effetti Economici e Finanziari Della Nuova Disciplina Comunitaria in Materia
Bancaria e di Transferimento Dei Capitali il Significato Dell 'Europa 1992,” Mercato Interno Europeo Integrazione
Finanziaria e Sviluppo Economico, Merano, 8-9 luglio, 1988.
20. “Karl
Brunner, un maestro e un amico,” Biblioteca
della Libertá, gennaio-marzo, 1990.
21. “Credibility and Asymmetries in the
22. “International Institutions and the Market for Information,” in
Roland Vaubel and Thomas D. Willett, eds., The
Political Economy of International Organizations: A Public Choice Approach,
Westview Press, 1991. with John Pattison.
23. “Asymmetries and Realignments in the
24. “Unione
Monetaria e Indipendenza della Banca Centrale,” Biblioteca della libertá, Franco Angeli, 1991. with Jürgen von
Hagen.
25. “Monetary and Fiscal Policy in a European Monetary Union: Some
Public Choice Considerations,” in Paul J.J. Welfens, ed., European Monetary Integration: From German Dominance to an EC Central
Bank?, Springer-Verlag:
26. “I
perché e gli insegnamenti di una storia monetaria d'Italia,” Economia e banca, n. 3, 1991. with
Franco Spinelli.
27. “Sulla
strada dell'unificazione monetaria ed economica europea,” Rivista di Political Economica, 1991. with Jürgen von Hagen.
28. “On the Road to EMU,” Rivista
di Politica Economica, May 1991 and also published in Mario Baldassarri,
ed., Building The New Europe,
MacMillan,
29. “Le
Insidie del Credito,” Rivista di Sistemi
Finanziari 1, n. 3, December 1991, pp 16-18.
30. “Policy Coordination in the
31. “Proposal for Monetary and Fiscal Reforms in the
32. Comments on “Attitudes Toward Inflation and the Variability of Fixed
Exchange Rates: Evidence from the EMS,” in Michael D. Bordo and Barry
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SERVICE-RELATED
PUBLICATIONS
1. “President Nixon's
New Economic Policies,” Indiana Business
Review, Aug-Sep l97l, reprinted in Business
Horizons, Oct l97l. with Irvin Grossack.
2. “Inflazione
e Tassi di Cambio,” Mondo Economico,
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Fed ha due nodi: banca e moneta,” Parabancaria,
Mar 1986.
4. “The International Economy,”
5. “The International Economy,”
6. “Encouraging Capital Flows to Developing Countries,” Business Horizons, July-Aug 1987, 30,
No. 4, pp 45-50.
7. “The International Economy,”
8. “Il
Significato Della Liberalizzazione Finanziaria,” Note Economiche per l'Operatore, Apr-Giugno, 1988.
9. “
10. “The International Economy,”
11. “The International Economy,”
12. “The International Economy,”
13. “The International Economy,”
14. “The International Economy,”
15. “The International
Economy,”
16. “La lira e lo SME a due velocità,” Sistema casse, Apr 1993
17. “The Banking System: Experiences and Suggestions,” Razvoj Development, Jan-June 1993, Vol
VIII, No. 1.
18. “The International Economy,”
19. “Il Ruolo Della Banca Per Lo Sviluppo
Dell'Economia Locale,” Agora, Anno
XI, No. 2, Guigno 1994.
20. “The International Economy,”
21. “The International Economy,”
22. “The International Economy,”
23. “Will the Euro be Hard?” Global Connection, Winter 1998.
24. “The International Economy,”
25. “The International Economy,”
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