4,974 research outputs found
The Power of words: The changing role of the italian head of state durin the Second Republic
No full textMany authors use the metaphor of an accordion to describe the enlargement of the constitutional functions of the Italian head of state: because of the weakness of the political parties the president is able to ‘open and play the accordion’ according to his own interpretation of his institutional powers. While useful, this metaphor does not take into account the structural changes that have occurred over the last 30 years, as well as
the informal powers that recent presidents have resorted to, which were the most important factors in the metamorphosis of the presidential figure. Structural changes include the end of the Cold War, the collapse of the First Republic and the mediatisation and personalisation of politics and party structure. Informal powers include those of ‘esternazione’ (a term that roughly means ‘to render public personal statements without previous consultation with the cabinet’) and of moral suasion.
By analysing the development of these two powers, this article aims to describe the changing role of the head of state during the Second Republic. It also defines a typology of presidential moral suasion, which is proposed as a useful tool to analyse presidentialstyle and strategy in influencing law-making. The analysis of the innovative use of communicative powers by the last two presidents, Ciampi and Napolitano, shows howthe transformation of the Italian presidency can probably be considered permanent
Giannone San Gennaro. Filosofia naturale, teologia e politica in u episodio di primo Settecento
No full textLe considerazioni di Giannone sul miracolo di San Gennaro e la fuga del giurisperito da Napoli in seguito a ess
La misurazione del market liquidity risk: l’aggiustamento delle misure VAR
No full textIl market liquidity risk è stato riportato in auge dalla crisi finanziaria internazionale diventata, nel tempo, crisi di illiquidità di strumenti e mercati finanziari. Esso è intrinsecamente connesso alla liquidabilità/liquidità di un asset finanziario. Una breve analisi comparativa dei modelli di Liquidity Adjusted VaR permetterà di analizzarne i fondamenti logici e metodologici. Obiettivo del presente lavoro è quello di applicare il modello valutativo di Meucci a un campione di titoli azionari per verificare l’impatto, sulle misure di rischio complessivo, del market liquidity risk anche in presenza di differenti livelli di diversificazione del portafoglio, diverse strategie di liquidazione, differenti fasi del mercato. Il modello scelto integra in un unico framework di misurazione le due componenti di rischio legate alla negoziazione di strumenti finanziari: il market risk «puro» e il market liquidity risk. Le ultime modifiche regolamentari in materia di assorbimenti patrimoniali obbligatori per il rischio di mercato sembrano ispirarsi alla stessa logica di integrazione.The international financial crises is also an illiquidity of securities and financial markets crises. This has given rise to market liquidity risk that is something different and more than «pure market risk» that asks financial intermediaries to be properly measured and managed. In this perspective, the paper aims: a) to compare the Liquidity Adjusted VaR methodologies and b) to apply the Meucci model’s on equity securities portfolio to measure the market liquidity risk and pure market risk in the presence of different levels of diversification, liquidity strategies, market’s periods
Verso una Presidenza mediatica? Il potere di moral suasion del Capo dello Stato dalla crisi della Prima Repubblica ad oggi
No full textTOWARDS A MEDIA PRESIDENCY? THE POWER OF MORAL SUASION OF THE ITALIAN HEAD OF STATE FROM THE CRISIS OF THE FIRST REPUBLIC ONWARDS. Several studies agree about the increased activism of the Italian President of the Republic since the nineties. Some, using the metaphor of the “accordion”, attributed such activism to the weakness of the party system and the majoritarian transformation of the parliamentary system. Others emphasized the autonomous nature of that transformation, thus suggesting
a structural change of the Presidency. In line with those studies, the article aims to analyze the communicative power as an indicator of presidential transformation. The hypothesis is that the mediatization of politics has modified the powers of the Head of State, by emphasizing its political and symbolic functions. The special features of the power of communication allow the President to achieve autonomous and not formalized room for manoeuvre, which, in turn, contributes to increase the President’s media visibility, as well
as his level of popular trust and his power to negotiate with decision-making institutions.
The article focuses on the power of moral suasion and its innovative use made by Ciampi and Napolitano. Although in a different way, even Mattarella seems to confirm the symbolic and media centrality of the Presidency, thus corroborating the thesis of the structural transformation of the institution
L'involucro edilizio e la ventilazione naturale per la salubrità degli ambienti e per il benessere indoor
No full textLe implicazioni formali e tecnologiche che nascono dal considerare la ventilazione naturale un fondamentale parametro del progetto sono affrontati nella diplice ottica del benessere abitativo e della salubrità indoor. Particolare attenzione è rivolta all'edilizia scolastica ed universitari
Le masserie fortificate dell'Otrantino: i tipi, il rapporto con il contesto, la valorizzazione.
No full textIl contributo fornisce elementi di interesse per la lettura tipologico-costruttiva delle masserie fortificate in Terra d'Otranto e dei sistemi di difesa delegata ai quali le stesse afferiscono. Particolare evidenza è data ai materiali e alle tecniche esecutive adottate nella realizzazione di elementi costruttivi e di fabbrica tipici
Nel segno di Francesco De Sanctis: Di alcuni caratteri meno popolari della Divina Commedia di Francesco Muscogiuri
Full text linkEnThis paper examines a short essay by Francesco Muscogiuri, entitled Di alcuni caratteri meno popolari della Divina Commedia, published in Florence in 1889. Here the author, who had been a pupil of Francesco De Sanctis at the University of Naples, analyzes three figures from Dante's poem, Guido da Montefeltro, Belacqua and Piccarda Donati, trying to highlight their "characters". The essay retraces the main points of this study, which deserves to be remembered in the panorama of Dante's criticism of the late nineteenth century because it is one of the few who remain faithful to the method and overall interpretation of the Commedia offered by De Sanctis in a period of clear prevalence of the "historical school", as we try to demonstrate.ItIl presente articolo prende in esame un volumetto di Francesco Muscogiuri, dal titolo Di alcuni caratteri meno popolari della Divina Commedia, pubblicato a Firenze nel 1889. Qui l'autore, che era stato allievo di Francesco De Sanctis presso l'Università di Napoli, analizza tre figure del poema dantesco, Guido da Montefeltro, Belacqua e Piccarda Donati, cercando di metterne in evidenza i "caratteri". Nel saggio si ripercorrono i punti principali di questo studio, che merita di essere ricordato nel panorama della critica dantesca dell'ultimo Ottocento perché è uno dei pochi che si mantengono fedeli al metodo e all'interpretazione complessivo della Commedia offerta dal De Sanctis in un periodo di netta prevalenza della "scuola storica", come si cerca di dimostrare
International Financial Institutions and the Rethinking of the State in the Age of Neoliberal Globalization (from the 1990s to Covid-19)
No full textIn this paper we analyse the documents of two prominent
international financial institutions (IFIs), the IMF and the World Bank, in
order to shed light on how these institutions conceived of the role of the State since the 1990s, and legitimated the reform of State institutions. By paying particular attention to the question of State reform, we argue that IFIs played a strategic role in providing for a “global” framework to guide and legitimate the transformations of the State at national level. On more empirical grounds, we perform a diachronic analysis of IFIs’ discourse on the State, by comparing
three junctures: (a) the 1990s, i.e. the crucial decade of the ‘globalization project’, (b) the global financial crisis of 2008 and its aftermath, and (c) the current Covid-19 crisis. Through the development of a detailed account how IFIs conceive the State and its role, the paper aims to make sense of the State–market relations on a more pragmatic way, and in the light of both junctures of economic expansion and crisis. In the final section, through a preliminary analysis of the documents produced during the Covid-19 pandemic, we
highlight also some possible innovations in State discourse compared to the previous phases. In the light of the empirical analysis, the main argument of the paper is that IFIs conceived the State as key to the long-term development and preservation of market economy
Covid-19 Pandemic and the Fiscal Strategy of the International Monetary Fund: Towards New Directions in the Global Political Economy?
Full text linkThis article seeks to contribute to the analyses of the impact of the Covid-19 on the global political economy. It does so through a qualitative content analysis of the key policy documents published by the International Monetary Fund (IMF) since the outbreak of the pandemic crisis. The IMF has been, historically, one of the main designers of international macroeconomic governance. The paper focuses on fiscal policy, which retains a central place in the strategy of the IMF to deal with the pandemic and especially for the post-pandemic recovery phase. The analysis of the documents of the IMF contributes (i) to appreciate the interpretation of the nature of the pandemic crisis through the lenses of a prominent international financial institution, (ii) to explore the policy strategy outlined to deal with the pandemic emergency, (iii) to assess possible changes at the level of policy, and accordingly, future directions in global political economy. Evidence suggests that fiscal stimulus, public investment and planning will likely have a prominent position in the future directions of the IMF policy advice.<br /
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