Editorials
Public Goods Need Europe
There are at least three wrong ideas that need to be cleared up to begin a constructive debate on the role of the European Union at this point in history. The first is that the important decisions in the EU are made in Brussels without any involvement of the Member States. The second is that the decisions made in Brussels have no democratic basis since they are made by bureaucrats not elected by the ...
Viaggio nel sistema bancario indiano
Il sistema bancario indiano sta assistendo negli ultimi anni a un rapido sviluppo e rappresenta, tra le economie emergenti, uno dei mercati con il più alto tasso di crescita in termini sia assoluti sia relativi[1]. Nel periodo 2007-2018 il volume dei prestiti bancari, sostenuto da una forte crescita economica sistemica, dall’aumento del reddito pro-capite e da un più facile accesso al mercato ...
New Media Art between Technology, Science, and Industry
In a historical period of growing economic recession and widespread cuts to cultural initiatives, there is an increasing number of artists, designers, creatives, and enterprises – in the areas of ICT and scientific research – who use production processes functional to the creation of “cultural objects” as standardized as possible. The new creative classes, with various types of training and ...
HIT Radar: Application Focus – Information Technology
Blockchain-based Smart Contract A blockchain-based smart contract is a computer program code that is capable of facilitating, executing, and enforcing the negotiation or performance of an agreement (i.e. contract) using blockchain technology. Being able to set-up a software solution, which provides an exchange of value in a secure, transparent and automatic way can sound as a tremendous opportunity ...
A Clash between Fields
Göteborg, Autumn 2016. The main book fair in Northern Europe, that celebrates 250 years of Swedish constitutional law on freedom of the press – the first in the world – was the subject of incredible media attention. The reason was that the fair admitted among the exhibitors a publishing company that publishes an extreme right-wing organ. The debate in traditional media and social media continued ...
Cryptocurrencies: The Role of the Bank of Italy and the Consob
In recent times, our monetary and financial authorities have finally decided to intervene in the dark world of cryptocurrencies and especially of cryptoactivities. Given the confusion and lack of knowledge on the subject, we should first state that the former are virtual currencies, the most widespread of which is Bitcoin, issued without any underlying value, not minted or produced physically, but ...
Viaggio nel sistema bancario indiano
Il sistema bancario indiano sta assistendo negli ultimi anni a un rapido sviluppo e rappresenta, tra le economie emergenti, uno dei mercati con il più alto tasso di crescita in termini sia assoluti sia relativi[1]. Nel periodo 2007-2018 il volume dei prestiti bancari, sostenuto da una forte crescita economica sistemica, dall’aumento del reddito pro-capite e da un più facile accesso al mercato ...
Cultural Institutions as Enterprises
“What can the world of industry do for culture?”. This was the question posed in a round table discussion organized by the Turin Industrial Association, an occasion for interaction between local enterprises and the world of culture, in which I recently took part. A first answer seems to be the following: culture is important, it should be protected and supported; business is enlightened and dedicates ...
What is Asked of Wealth Management Today
The sector of asset/wealth management is in a phase of profound transformation. It is anticipated that revenues will not grow in the next three years, due in part to the pressure on management fees. In the U.S., the average cost of bond and equity funds fell from 0.76% and 0.99% in 2000, to 0.48% and 0.59% respectively (Investment Company Institute). The trend has recently become stronger: on August ...
What’s in the New Silk Road
Italy was the first G7 country to sign a Memorandum of Understanding with China. The framework is that of the so-called New Silk Road, the colossal investment plan launched in 2013 by the President of the People’s Republic of China Xi Jinping, with the idea of exploiting the trade routes of antiquity to move goods from one side of the Eurasian continent to the other, by sea and by land. In essence, ...
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