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Gianmarco Ottaviano

Italy's Economic Future: What Exports Reveal

Financially speaking, whether exports exceed imports or vice versa is generally insignificant. Exports represent surplus goods and services that cannot be absorbed domestically and that our trade partners kindly accept in exchange for goods and services we lack. When exports surpass imports, we effectively extend credit to foreign customers; when the reverse happens, we take on debt with them. Sometimes ...

Donato Masciandaro

Trump, the Dollar and the Euro

In the wake of Donald Trump's second term as President of the United States, global attention has turned to the future of the dollar and its implications for the world economy. From a short-term economic analysis perspective, the dollar has appreciated, influenced in part by the tariff policies first announced and later implemented by the newly elected president. What does this mean for ...

Andrea Beltratti, Alessia Bezzecchi

Finance for Europe

In his latest report on Europe’s present and future competitiveness, Mario Draghi argues that Europe is in a paradoxical situation: it appears stable but has unknowingly fallen ill. It has set ambitious environmental targets, possibly beyond its reach, while neglecting applied business research and struggling with the ambiguity between national sovereignty and the role of supranational institutions. ...

Gianmarco Ottaviano

From the “horizontal frontier” to the “vertical frontier”: american geoeconomics goes into orbit

In the European public debate, when space is discussed, the tone often still oscillates between the epic of conquest and the rhetoric of scientific cooperation. In the United States, by contrast, space has become something far more prosaic and, at the same time, far more strategic: a natural extension of industrial policy and national economic security. At the beginning of 2026, the question of whether ...

Andrea Beltratti, Alessia Bezzecchi

AI must not only cut costs. It must create revenues

After a 2025 marked by continuous increases in the prices of stocks most exposed to Artificial Intelligence – an enthusiasm that also lifted the valuation of less exposed companies – 2026 began in a very different way. Within a few days, the share prices of firms producing software for services fell by more than 20%, influenced in part by a report from analysts at Citrini Research and by a blog ...

Gianluca Meloni, Daniele Astrella

Rethinking Risk Assessment: A Systemic Approach to Risk Measurement

Company management, understood as the balanced governance of the relationship between risk and return, is not a new topic, although it has evolved dramatically over time. While from a traditional perspective, this relationship was mainly interpreted in economic and financial terms, with the development of corporate governance models, the concept of return has gradually broadened to encompass a company’s ...

Magazine article (E&M - 2019/3) Alemanni Barbara

Fintech Nudging: A Push toward Financial Well-being

Fintech is revolutionizing the way the financial industry interfaces with clients and helps them reduce information barriers regarding their finances. A central role in this process is played by nudging logics, those systems of decision-making architecture that help orient decisions towards more virtuous behavior. The entire approach helps better satisfy the customers’ needs and increase loyalty. Digital ...

Magazine article (E&M - 2019/3) Appetiti Carlo, Gatti Stefano

Whistleblowing: Healthy Businesses Thanks to Employees

The word “whistleblowing” identifies the action of reporting illegal, unethical or improper activities, or activities that can have a negative impact on employees or the company, whether public or private, in any sector. The introduction of whistleblowing in businesses marks a significant cultural change. Thanks to whistleblowing, companies can count on active help in the future from their employees, ...

Magazine article (E&M - 2021/2) Omarini Anna

Challenges and Solutions for the Banking Sector

The application of artificial intelligence solutions in the banking sector will have various consequences in terms of: creation of new economies and professions; increase of worker productivity; creation of new modes of working; and requalification of old abilities and skills of employees. The public and private stakeholders in the banking sector (including the European Commission) increasingly express ...

Magazine article (E&M - 2012/05) Bodnar Gordon M., Consolandi Costanza, Gabbi Giampaolo, Jaiswal-Dale Ameeta

The derivative usage by listed and non-listed Italian Firms for corporate risk management

La scarsa trasparenza sull’uso dei derivati nei bilanci delle imprese è all’origine della scarsa conoscenza degli schemi di comportamento delle imprese per quanto riguarda l’impiego di tali strumenti. Questo articolo esamina le pratiche di gestione del rischio delle imprese italiane, sia quotate sia non quotate, per un’ampia varietà di rischi d’impresa: rischi di cambio, di tasso di interesse, ...