In launching a new journal we feel the need to explain the reasons why the Centre for Studies on Federalism takes this initiative, characterised by a range of specific features. Several interesting scientific journals in English devoted to federalism are already issued all over the world. They are generally focused on one geographic area in particular, on certain levels of government or on specific academic disciplines. Therefore we believe there is room for a new interdisciplinary journal to consider federalism – federal institutional arrangements as well as potentially federalising process [...]
Riccardo Fiorentini-Guido Montani
This article investigates some of the causes of the financial crisis – global imbalances and unsatisfactory regulation of world liquidity – and supports the need to reform the present asymmetric international monetary system based on the dollar as a dominant reserve currency. Part I examines global imbalances, the causes of the US external deficit and the consequences of the international monetary asymmetry. Part II seeks to overcome this asymmetry and the Triffin dilemma by examining two models for a new world monetary system: an international model, without a world central bank (WCB), an [...]
Latest Comments