Fotogrammi

2020-07-07 Gianluca Meloni, Marco Morelli

Forecasting in Times of Uncertainty: It Can Be Done

The Covid-19 emergency has caused a strong change in the business models of companies in many sectors. For some of them it has simply been an accelerator, for others something absolutely new. It is inevitable that, faced with this path of evolution, control systems, that have the goal of supporting decision-making processes and orienting management behavior, cannot be left out of this change. In particular, in a context characterized by a high level of discontinuity with respect to the past and by high levels of uncertainty, above all traditional tools for forecasting results and setting goals ...

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2020-06-24 Gimede Gigante, Rodolfo Pambianco

Italian Banks Face the Text of COVID-19

What impact will COVID-19 have on Italian banks? This is the most frequent question in financial circles in these weeks. Today, there is no answer yet. It will take some time. A question we can ask, though, is: what is the condition of Italian banks today compared to the time of the previous crisis, that of 2008? We can answer this question. And actually, this is a first and necessary step to take in order to answer the initial question. We will divide our response into two parts. In the first part, we will analyze what Italian banks have done in terms of: improvement of asset quality, measures ...

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2020-06-19 Gimede Gigante, Rodolfo Pambianco

Italian Banks Face the Text of COVID-19

What impact will COVID-19 have on Italian banks? This is the most frequent question in financial circles in these weeks. Today, there is no answer yet. It will take some time. A question we can ask, though, is: what is the condition of Italian banks today compared to the time of the previous crisis, that of 2008? We can answer this question. And actually, this is a first and necessary step to take in order to answer the initial question. We will divide our response into two parts. In the first part, we will analyze what Italian banks have done in terms of: improvement of asset quality, measures ...

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2020-06-11 Donato Masciandaro

Bank and Country, the Two Faces of Financial Nationalism

In the months that have just passed, in advanced countries the banks have been the chain of transmission of urgent policy interventions, designed by governments to sustain the aggregate demand for goods and services. Time will tell us what strategy is most effective. Let’s look ahead, though. To do so, like Giano, we will concentrate on what happened in Italy before the pandemic recession began. In at least two cases - that of the European Stability Mechanism (ESM) and that of the Banca Popolare di Bari - the Italian political class has been faced with a question that will certainly arise again ...

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2020-06-05 Andrea Beltratti, Alessia Bezzecchi

The Importance of Big Data for Real Estate

In addition to the loss of numerous human lives, the COVID-19 pandemic is causing significant economic harm to our country. An additional aspect, which is just as important, though less discussed, regards the role of data. It is sometimes said that data is the "new oil," to reference the potential wealth linked to the creation and use of sources of reliable data. This is not really a new discovery: still today history books speak of how the great civilizations of the past, from the Egyptians to the Assyrians, distinguished themselves precisely for the systematic collection of empirical evidence ...

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2020-05-28 Cecilia Attanasio Ghezzi

Beijing’s Iron Fist

With a minute of silence and two months late, the lianghui began, literally the “two sessions.” This is the most important political appointment in the People’s Republic of China: almost five thousand government representatives arrive from all over China to “discuss” and ratify the budget and laws for the next year. The assembly takes place every March, but was postponed this year due to the pandemic. The members of the National People’s Congress, the body that comes closest to our Parliament, are all wearing masks. Only those in the first row have their faces uncovered. That is where ...

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2020-05-27 Rosanna Tarricone, Aleksandra Torbica, Valeria D. Tozzi

Per Aspera ad Astra: Italy And Covid-19

The current crisis is an unprecedented global challenge in terms of its health, economic, social, and geopolitical impact. As we write, more than 4 billion people in over 100 countries are still living in some sort of lockdown. Each country has chosen its own strategy, adopting a variety of measures in an attempt to fight an unparalleled menace. Political decisions regarding population containment and border closures undeniably play an important role in the match against this epidemic. Specific features of different healthcare systems appear to greatly impact each country’s capacity to face ...

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2020-05-27 Rosanna Tarricone, Aleksandra Torbica, Valeria D. Tozzi

Per aspera ad astra: l’Italia e il Covid-19

The current crisis is an unprecedented global challenge in terms of its health, economic, social, and geopolitical impact. As we write, more than 4 billion people in over 100 countries are still living in some sort of lockdown. Each country has chosen its own strategy, adopting a variety of measures in an attempt to fight an unparalleled menace. Political decisions regarding population containment and border closures undeniably play an important role in the match against this epidemic. Specific features of different healthcare systems appear to greatly impact each country’s capacity to face ...

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2020-05-26 Paolo Pasini

From Sustainable Digital Technologies to CDR

The importance of sustainability has received increasing attention in recent years. The international debate on this issue (environment, shipping, food, the wellbeing of human beings and animals, energy consumption, the waste of food and resources in general, and so on) has inevitably regarded the ICT/digital sector as well. Years ago, there was talk of "green ICT" with particular reference to the energy consumption and CO2 production by ICT systems, especially of large computing centers of public and private companies and large multinational corporations. To give just a few examples, various ...

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2020-05-20 Niccolò Cusumano, Velia Leone, Veronica Vecchi

European Aid to Businesses: an Overview

The health crisis is now being followed by the economic crisis. In its April outlook the International Monetary Fund forecasts a 9.1 percent drop in Italian GDP for 2020, followed by +4.8 percent growth in 2021. The recently approved DEF foresees a drop of 8 percent, followed by 4.7 growth in 2021. Apart from forecasts - whose reliability is relative, since it is still not possible to fully assess not only the economic consequences, but also the real prospects for recovery, that will inevitably be conditioned by the course of the epidemic - it is clear that the coming months will be very complicated, ...

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