“Policy models cannot be expected to have the same tight structure as theory models. […] Different classes of macro models are needed for different tasks.” (Olivier Blanchard) During the Annual Research Conference organised by the ECB on the 25th and 26th of September 2017, Vítor Constâncio, Vice-President of the ECB, held the opening speech. The meeting, […]
The client has always been the key element in delivering financial and banking regulation since he avails himself of services to satisfy a wide range of needs, as receiving funding and financial advice. The knowledge of the features and the costs of the operations, the comparison of the various offers on the market, and the […]
What is a blockchain… From Wikipedia: “A blockchain is a distributed database that maintains a continuously growing list of records, called blocks, secured from tampering and revision. Each block contains a timestamp and a link to a previous block. Through the use of a peer-to-peer network and a distributed time stamping server, a blockchain database […]
Since the 2008 financial crisis, governments and authorities have been issuing a number of regulations in order to prevent the systemic risk from generating negative consequences on the financial system once again. The 2007 events related to the US housing market and its consequences on the global financial markets were caused by different factors, such […]
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