Search results for "Money"
showing 10 items of 144 documents
Critical study of the quantity theory of money in the history of prices crisis
2014
The Quantity Theory of money which always links the increase in the high-Powered money supply and the general rise in prices is one of the oldest concepts in economics. After to have been the subject of many controversies at different times, it seems nowadays to hold less attention from the economists because the dispute is dissipated in a kind of religious choice to believe or not to believe to quantity theory. This theory officially influences the monetary policy of most of central banks in the world that bind conventional measures to control the money supply to curb inflation process. In many orthodox economics’ textbooks, the quantity theory is still deployed in perpetuum to explain the…
The effects of an education-leave program on educational attainment and labor-market outcomes
2021
Abstract I study the effect of an education leave subsidy for the employed on labor-market outcomes and educational attainment using Finnish administrative linked employer-employee panel data and matching methods. The adult education allowance is available to employees with at least eight years of work experience and allows them to take a leave for 2–18 months to participate in an education program while being compensated for a substantial part of their forgone earnings. I find large positive treatment effects on educational attainment and changing occupation. The treatment effects on earnings and employment are negative during the lock-in period and close to zero afterward. Treatment effec…
El sistema de prestaciones por hijo a cargo en España
2006
Child Benefit (prestaciones familiares por hijo a cargo) is the only monetary, regular and direct allowance to contribute bringing up children in Spain. Therefore, the Family Allowance System might be seen as a privileged watchtower where it is possible to observe complex and dynamic relationships between the family, the State and the market. Moreover, it shows its influence on the wellbeing and on the dynamics of inclusion or exclusion. This paper analyzes the Spanish economic allowance addressed to children and its evolution since its last reform in 1990. The main goal is to contribute to our understanding of the compromise level acquired by the Spanish State for familycare. This study tr…
Mafia and immigration: analysis of the “illegal street workers” in southern Italy
2014
Purpose – The purpose of this paper is to investigate on the new forms of the “illegal street workers” involving immigrants in southern Italy. This new concept may include, at least, two kinds of illegal employment of immigrants which is, probably, managed by local criminal organizations; in particular, it may refer to the so-called “posteggiatore abusivo” and “lavavetri”. Design/methodology/approach – This is a new area of research. The methodology used has been based on a collection of interviews with these migrants. Probably, this methodology should be refined, but in this first phase of research, it was helpful in order to understand the existence of a criminal network that controls an…
The dark side of European immigration policy
2011
More than ten years after the Treaty of Amsterdam came into force and after the programmes of Tampere and Aia, the Stockholm Programme , adopted last December 2009 for the period 2010-2014, has settled for the third time the area of "justice, freedom and security" with which EU presents itself. In relation to the Immigration policy the Stockholm Programme seals the term of security. Now Europe considers its area as a territory that withdraws into itself, through a security logic that caused the disappearance of the traces of the "freedom area". In fact, as it was affirmed in Tampere, this area can't be considered as a mere prerogative of the European citizens. In the name of security, prote…
In an ideal world who should carry the can for wrongdoing business?
2018
Purpose This paper aims to analyze the main international rules against economic crime and to verify if Italian legislation provides for appropriate measures according to own needs at a national level. Design/methodology/approach The research uses a comparative approach by examining the existing legislations on a global, European and Italian level for finding analogies and differences between them. Findings The research has discovered a wide variation in the legislative interventions against economic crimes and in the kind of imposed sanctions. Nevertheless, there seems to be a trend toward penalties, with a high degree of uniformity between the different levels of protection. Research lim…
Integration of Mortgage and Capital Markets: Evidence in the Spanish Case
2006
The spectacular development of the Spanish mortgage market during the last decade has increased the concern about its financial integration with other capital markets. This paper examines the degree of integration between the mortgage market and two broader capital markets such as the public debt market and the money market in the Spanish case. With this purpose, different time series techniques in a context of cointegration have been used. The results obtained reveal that there exists an important degree of integration between the mortgage market and the general capital markets in Spain. In particular, the public debt market and, especially, the money market have turned into essential refe…
Verso l'euro digitale: la moneta legale nell'epoca della digitalizzazione
2022
The essay aims to evaluate the potential repercussions of the introduction of the new central bank digital currencies and, in particular, of the digital euro ECB’s project, on the concept of legal money in the European and domestic legal system. In the era of crypto-currency and cash crisis, a reasoning is started on the relationship between public and private and market dimensions within the monetary institution.
L’evoluzione del sistema dei pagamenti in Italia: configurazioni strutturali e profili di integrazione finanziaria
2019
Un corretto ed ordinato sistema dei pagamenti costituisce condizione essenziale per la stabilità e l’efficienza del sistema finanziario, per il buon funzionamento dei mercati e per la conduzione della politica monetaria. L’intero sistema dei pagamenti italiano è evoluto in direzione di più elevati livelli di efficienza ed efficacia, in un contesto di progressiva armonizzazione e cooperazione sovranazionale, quale condizione per lo sviluppo di un sistema integrato dei pagamenti europeo; il presente articolo pertanto delinea, seppure a grandi linee, il quadro evolutivo del sistema dei pagamenti nazionale, avuto riguardo agli aspetti istituzionali, economico-finanziari e regolamentari. This pa…