Recently added articles from Banca Nazionale del Lavoro Quarterly Review:
Economic transparency and poverty *
Mar 01, 2007; ... (ProQuest: ... denotes formulae omitted.) 1. Introduction The end of the 20th century was marked by a commitment on the part of several countries to the eradication of poverty. The same period was characterized by success in achieving price stability thanks to the new techniques ...
Shareholders and stakeholders value creation: an analytic foundation for value creation indicators *
Mar 01, 2007; ... (ProQuest: ... denotes formulae omitted.) 1. Introduction The academic debate on the theory of the firm and its value has been monopolized for a long period by the contraposition between the shareholders model (or finance model) and the stakeholders model (Zamagni ...
Protectionism, free trade and preferential trade: the Mexican experience 1970-2005 *
Mar 01, 2007; ... 1. Introduction The Heckscher-Ohlin theorem, based on a general equilibrium model, together with the purchasing power parity doctrine are considered the two pillars of the neoclassical theory of international trade (Krueger 1983), despite strong criticism from both the theoretical and ...
Optimum currency areas: a policy view*
Dec 01, 2006; ... Robert Mundell's pathbreaking article on the theory of optimum currency areas could nowadays seem an abstract intellectual exercise with no immediate bearing on the policy issues of half a century ago. On rereading his paper, however, this impression soon evaporates. In the introduction, Mundell ...
Money as numeraire: doctrinal aspects and contemporary relevance*
Dec 01, 2006; ... 1. Introduction A fundamental issue in monetary economics is the question: "What is money?". At the beginning of the twentieth century, the majority of writers on money took it for granted that the primary function of money is its role as a medium of exchange. They regarded it a ...