Financial Globalization and Exchange Rates
Citations
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Cited by:
- Nasha Ananchotikul & Shi Piao & Edda Zoli, 2016. "Drivers of Financial Integration: Implications for Asia," PIER Discussion Papers 39, Puey Ungphakorn Institute for Economic Research.
- Knobel, Alexander (Кнобель, Александр) & Chentsov, Alexander (Ченцов, Александр), 2018. "The Impact of Exchange Rates and Their Volatility on Russia's Foreign Trade, Taking into Account its Membership in EAEU [Влияние Обменных Курсов И Их Волатильности На Внешнюю Торговлю России С Учет," Working Papers 061824, Russian Presidential Academy of National Economy and Public Administration.
- Istvan Konya & Peter Benczur, 2005. "Real Effects of Nominal Exchange Rate Shocks," 2005 Meeting Papers 51, Society for Economic Dynamics.
- Patnaik, Ila & Shah, Ajay & Sethy, Anmol & Balasubramaniam, Vimal, 2011.
"The exchange rate regime in Asia: From crisis to crisis,"
International Review of Economics & Finance, Elsevier, vol. 20(1), pages 32-43, January.
- Patnaik, Ila & Shah, Ajay & Sethy, Anmol & Balasubramaniam, Vimal, 2010. "The exchange rate regime in Asia: From crisis to crisis," Working Papers 10/69, National Institute of Public Finance and Policy.
- Ajay Shah & Ila Patnaik & Anmol Sethy & Vimal Balasubramaniam, 2010. "The Exchange Rate Regime in Asia: From Crisis to Crisis," Working Papers id:2582, eSocialSciences.
- Ila Patnaik & Ajay Shah & Anmol Sethy & Vimal Balasubramaniam, 2010. "The exchange rate regime in Asia : From Crisis to Crisis," Finance Working Papers 21852, East Asian Bureau of Economic Research.
- Garcia-Herrero, Alicia & Santabarbara, Daniel, 2007.
"Does China have an impact on foreign direct investment to Latin America?,"
China Economic Review, Elsevier, vol. 18(3), pages 266-286.
- Alicia García-Herrero & Daniel Santabárbara, 2005. "Does China have an impact on foreign direct investment to Latin America?," Working Papers 0517, Banco de España.
- Alicia Garcia-Herrero & Daniel Santabarbara, 2005. "Does China have an impact on foreign direct investment to Latin America?," International Finance 0508010, University Library of Munich, Germany.
- Daniel Santabarbara & Alicia Garcia-Herrero, 2005. "Does China have an impact on foreign direct investment to Latin America?," International Finance 0508008, University Library of Munich, Germany.
- Stephanie E. Curcuru & Tomas Dvorak & Francis E. Warnock, 2007.
"The stability of large external imbalances: the role of returns differentials,"
International Finance Discussion Papers
894, Board of Governors of the Federal Reserve System (U.S.).
- Stephanie E. Curcuru & Tomas Dvorak & Francis E. Warnock, 2007. "The Stability of Large External Imbalances: The Role of Returns Differentials," NBER Working Papers 13074, National Bureau of Economic Research, Inc.
- Andrew Sheng & Allen Ng, 2008. "The External Wealth of China: An Investigation from the International Balance Sheet Perspective," Working Papers 012008, Hong Kong Institute for Monetary Research.
- Nasha Ananchotikul & Shi Piao & Edda Zoli, 2016. "Drivers of Financial Integration: Implications for Asia," PIER Discussion Papers 39., Puey Ungphakorn Institute for Economic Research, revised Aug 2016.
- Pasricha, Gurnain Kaur, 2006. "Survey of Literature on Covered and Uncovered Interest Parities," MPRA Paper 22737, University Library of Munich, Germany.
- Benigno, Pierpaolo, 2009.
"Are valuation effects desirable from a global perspective?,"
Journal of Development Economics, Elsevier, vol. 89(2), pages 170-180, July.
- Pierpaolo Benigno, 2006. "Are Valuation Effects Desirable from a Global Perspective?," NBER Working Papers 12219, National Bureau of Economic Research, Inc.
- Maurice Obstfeld & Kenneth Rogoff, 2007.
"The Unsustainable US Current Account Position Revisited,"
NBER Chapters, in: G7 Current Account Imbalances: Sustainability and Adjustment, pages 339-376,
National Bureau of Economic Research, Inc.
- Maurice Obstfeld & Kenneth Rogoff & Richard Clarida, "undated". "The Unsustainable U S Current Account Position Revisited," Working Paper 14901, Harvard University OpenScholar.
- Obstfeld, Maurice & Rogoff, Kenneth S, 2005. "The Unsustainable US Current Account Position Revisited," Center for International and Development Economics Research, Working Paper Series qt4f63x50j, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley.
- Obstfeld, Maurice & Rogoff, Kenneth S, 2005. "The Unsustainable US Current Account Position Revisited," Department of Economics, Working Paper Series qt4f63x50j, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Maurice Obstfeld & Kenneth Rogoff, 2004. "The Unsustainable US Current Account Position Revisited," NBER Working Papers 10869, National Bureau of Economic Research, Inc.
- Rogoff, Kenneth & Obstfeld, Maurice, 2005. "The Unsustainable US Current Account Position Revisited," CEPR Discussion Papers 5416, C.E.P.R. Discussion Papers.
- Oblath, Gábor & Halpern, László, 2014. "A gazdasági stagnálás "színe" és fonákja. Mivel jár együtt az exporttöbblet és az adósságcsökkenés? [The bright" and gloomy side of economic stagnation]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 757-800.
- De Lima, Gabrielle & Moura, Guilherme & Meurer, Roberto & Da Silva, Sergio, 2007. "US Current Account Deficit and Exchange Rate Tax," MPRA Paper 3908, University Library of Munich, Germany.
- Miller, Marcus, 2006.
"Fear and Market Failure: Global Imbalances and 'Self-insurance',"
CEPR Discussion Papers
6000, C.E.P.R. Discussion Papers.
- Marcus Miller & Lei Zhang, 2007. "Fear and Market Failure: Global Imbalances and “Self-Insurance”," Research Department Publications 4498, Inter-American Development Bank, Research Department.
- Ramos, Sofia B. & von Thadden, Ernst-Ludwig, 2008.
"Stock exchange competition in a simple model of capital market equilibrium,"
Journal of Financial Markets, Elsevier, vol. 11(3), pages 284-307, August.
- Sofia B. RAMOS & Ernst-Ludwig VON THADDEN, 2003. "Stock Exchange Competition in a Simple Model of Capital Market Equilibrium," FAME Research Paper Series rp109, International Center for Financial Asset Management and Engineering.
- Andrew Hughes Hallett & Juan Martinez Oliva, 2012. "Reducing Global Imbalances: Can Fixed Exchange Rates and Current Account Limits Help?," Open Economies Review, Springer, vol. 23(1), pages 163-192, February.
- Kónya, István & Benczúr, Péter, 2005. "Nominális növekedés egy kis, nyitott gazdaságban [Nominal growth in a small open economy]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 556-575.
- Assaf Razin & Yona Rubinstein, 2005.
"Evaluation of Exchange-Rate, Capital-Market, and Dollarization Regimes in the Presence of Sudden Stops,"
Working Papers
042005, Hong Kong Institute for Monetary Research.
- Assaf Razin & Yona Rubinstein, 2005. "Evaluation of Exchange-Rate, Capital Market, and Dollarization Regimes in the Presence of Sudden Stops," NBER Working Papers 11131, National Bureau of Economic Research, Inc.
- Al-Abri, Almukhtar & Baghestani, Hamid, 2015. "Foreign investment and real exchange rate volatility in emerging Asian countries," Journal of Asian Economics, Elsevier, vol. 37(C), pages 34-47.
- Michael B. Devereux & Makoto Saito, 2006.
"A Portfolio Theory of International Capital Flows,"
Working Papers
112006, Hong Kong Institute for Monetary Research.
- Michael B. Devereux & Makoto Saito, 2006. "A Portfolio Theory of International Capital Flows," The Institute for International Integration Studies Discussion Paper Series iiisdp124, IIIS.
- Devereux, Michael B & Saito, Makoto, 2006. "A Portfolio Theory of International Capital Flows," CEPR Discussion Papers 5746, C.E.P.R. Discussion Papers.
- Sebnem Kalemli-Ozcan & Elias Papaioannou & José-Luis Peydró, 2013.
"Financial Regulation, Financial Globalization, and the Synchronization of Economic Activity,"
Journal of Finance, American Finance Association, vol. 68(3), pages 1179-1228, June.
- Kalemli-Ozcan, Sebnem & Papaioannou, Elias & Peydró, José-Luis, 2013. "Financial regulation, financial globalization, and the synchronization of economic activity," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 68(3), pages 1179-1228.
- Sebnem Kalemli-Ozcan & Elias Papaioannou & José Luis Peydró, 2009. "Financial Regulation, Financial Globalization and the Synchronization of Economic Activity," NBER Working Papers 14887, National Bureau of Economic Research, Inc.
- Kalemli-Ozcan, Sebnem & Papaioannou, Elias & Peydró, José-Luis, 2010. "Financial regulation, financial globalization and the synchronization of economic activity," Working Paper Series 1221, European Central Bank.
- Peeters, Marga & Sabri, Nidal Rachid, 2012. "International financial integration of Mediterranean economies : A bird’s-eye view," MPRA Paper 38081, University Library of Munich, Germany.
- Olivier Blanchard & Francesco Giavazzi & Filipa Sa, 2005.
"The U.S. Current Account and the Dollar,"
NBER Working Papers
11137, National Bureau of Economic Research, Inc.
- Giavazzi, Francesco & Blanchard, Olivier & Sá, Filipa, 2005. "The US Current Account and the Dollar," CEPR Discussion Papers 4888, C.E.P.R. Discussion Papers.
- Guglielmo Maria Caporale & Thouraya Hadj Amor & Christophe Rault, 2011.
"International financial integration and real exchange rate long-run dynamics in emerging countries: Some panel evidence,"
The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 20(6), pages 789-808, September.
- Guglielmo Maria Caporale & Thouraya Hadj Amor & Christophe Rault, 2009. "International Financial Integration and Real Exchange Rate Long-Run Dynamics in Emerging Countries: Some Panel Evidence," CESifo Working Paper Series 2819, CESifo.
- Guglielmo Maria Caporale & Thouraya Hadj Amor & Christophe Rault, 2009. "International Financial Integration and Real Exchange Rate Long-Run Dynamics in Emerging Countries: Some Panel Evidence," Discussion Papers of DIW Berlin 941, DIW Berlin, German Institute for Economic Research.
- Caporale, Guglielmo Maria & Hadj Amor Essid, Thouraya & Rault, Christophe, 2009. "International Financial Integration and Real Exchange Rate Long-Run Dynamics in Emerging Countries: Some Panel Evidence," IZA Discussion Papers 4038, Institute of Labor Economics (IZA).
- Matthias Fuchs, 2005. "The Internationalization of Austria's Financial Sector since Accession to the European Union," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 2, pages 130-143.
- Michele Cavallo & Cédric Tille, 2006.
"Could capital gains smooth a current account rebalancing?,"
Staff Reports
237, Federal Reserve Bank of New York.
- Michele Cavallo & Cedric Tille, 2006. "Could capital gains smooth a current account rebalancing?," 2006 Meeting Papers 252, Society for Economic Dynamics.
- Michele Cavallo & Cédric Tille, 2006. "Could capital gains smooth a current account rebalancing?," Working Paper Series 2006-03, Federal Reserve Bank of San Francisco.
- Marcus Miller & Lei Zhang, 2007. "Fear and Market Failure: Global Imbalances and ¿Self-Insurance¿," IDB Publications (Working Papers) 6731, Inter-American Development Bank.
- Schröder, Marcel, 2019. "Valuation effects and risk sharing during the era of financial globalization," The North American Journal of Economics and Finance, Elsevier, vol. 48(C), pages 467-480.
- Zoltán M. Jakab, 2006. "Consequences of global imbalance corrections for Hungary," MNB Bulletin (discontinued), Magyar Nemzeti Bank (Central Bank of Hungary), vol. 1(2), pages 27-34, December.
- Assaf Razin & Yona Rubinstein, 2006.
"Evaluation of currency regimes: the unique role of sudden stops [‘Gravity with gravitas: A solution to the border puzzle’],"
Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 21(45), pages 120-152.
- Assaf Razin & Yona Rubinstein, 2005. "Evaluation of Currency Regimes: The Unique Role of Sudden Stops," NBER Working Papers 11785, National Bureau of Economic Research, Inc.
- Cavallari, Lilia, 2010. "Exports and foreign direct investments in an endogenous-entry model with real and nominal uncertainty," Journal of Macroeconomics, Elsevier, vol. 32(1), pages 300-313, March.
- Marcus Miller & Lei Zhang, 2006.
"Capital Flows, Interest Rates and Precautionary Behaviour: a model of "global imbalances","
WEF Working Papers
0014, ESRC World Economy and Finance Research Programme, Birkbeck, University of London.
- Marcus Miller & Lei Zhang, 2007. "Capital Flows, Interest Rates and Precautionary Behaviour: a model of Global Imbalances," Money Macro and Finance (MMF) Research Group Conference 2006 152, Money Macro and Finance Research Group.
- Maurico Obstfeld, 2004.
"External adjustment,"
Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 140(4), pages 541-568, December.
- Obstfeld, Maurice, 2004. "External Adjustment," Department of Economics, Working Paper Series qt7bw468wx, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Maurice Obstfeld, 2004. "External Adjustment," NBER Working Papers 10843, National Bureau of Economic Research, Inc.
- Obstfeld, Maurice, 2004. "External Adjustment," Center for International and Development Economics Research, Working Paper Series qt7bw468wx, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley.
- Kevin Cowan & José De Gregorio, 2007.
"International Borrowing, Capital Controls, and the Exchange Rate: Lessons from Chile,"
NBER Chapters, in: Capital Controls and Capital Flows in Emerging Economies: Policies, Practices, and Consequences, pages 241-296,
National Bureau of Economic Research, Inc.
- Kevin Cowan & Jose De Gregorio, 2005. "International Borrowing, Capital Controls and the Exchange Rate: Lessons from Chile," Working Papers Central Bank of Chile 322, Central Bank of Chile.
- Kevin Cowan & Jose De Gregorio, 2005. "International Borrowing, Capital Controls and the Exchange Rate: Lessons from Chile," NBER Working Papers 11382, National Bureau of Economic Research, Inc.
- Zhu, Jiaqing, 2019. "External financial liabilities and real exchange rate jumps," The North American Journal of Economics and Finance, Elsevier, vol. 48(C), pages 202-220.
- Pasricha, Gurnain, 2007.
"Financial Integration in Emerging Market Economies,"
MPRA Paper
5278, University Library of Munich, Germany.
- Pasricha, Gurnain, 2008. "Financial integration in emerging market economies," MPRA Paper 8220, University Library of Munich, Germany, revised 10 Apr 2008.
- Pasricha, Gurnain, 2008. "Financial Integration in Emerging Market Economies," Santa Cruz Department of Economics, Working Paper Series qt7z35t1cn, Department of Economics, UC Santa Cruz.
- Franz Hamann & Juli�n P�rez & Paulina Restrepo, 2005.
"Sobre los efectos macroeconómicos de la composición de la deuda pública en Colombia,"
Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 23(49), pages 12-47.
- Franz Hamann & Julián Pérez & Paulina Restrepo, 2005. "Sobre los efectos macroeconómicos de la composición de la deuda pública en Colombia," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 23(49), pages 12-47, December.
- Franz Hamann & Juli�n P�rez & Paulina Restrepo, 2005. "Sobre los efectos macroeconómicos de la composición de la deuda pública en Colombia," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República.
- Franz Hamann & Julián Pérez & Paulina Restrepo, 2005. "Sobre los Efectos Macroeconómicos de la Composición de la Deuda Pública en Colombia," Borradores de Economia 332, Banco de la Republica de Colombia.
- Gian Maria Milesi‐Ferretti, 2008.
"Fundamentals at Odds? The US Current Account Deficit and Dollar,"
Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 37(3), pages 259-281, November.
- Milesi-Ferretti, Gian Maria, 2008. "Fundamentals at Odds? The US Current Account Deficit and The Dollar," CEPR Discussion Papers 7046, C.E.P.R. Discussion Papers.
- Mr. Gian M Milesi-Ferretti, 2008. "Fundamentals at Odds? The U.S. Current Account Deficit and The Dollar," IMF Working Papers 2008/260, International Monetary Fund.
- Marcus Miller & Lei Zhang, 2007. "Temor y falla de mercados: Desequilibrios mundiales y “aseguramiento propio," Research Department Publications 4499, Inter-American Development Bank, Research Department.
- Soyoung Kim & Kyunghee Min, 2023. "Long‐term determinants of valuation effects," Review of International Economics, Wiley Blackwell, vol. 31(3), pages 985-1031, August.
- Maurice Obstfeld & Kenneth S. Rogoff, 2005. "The unsustainable U.S. current account position revisited," Proceedings, Federal Reserve Bank of San Francisco.
- Andrew Hughes Hallett & Juan Carlos Martinez Oliva, 2013. "Currency War Or Currency Peace: The Dollar And Renminbi In A World Of Portfolio And Current Account Imbalances," China Economic Policy Review (CEPR), World Scientific Publishing Co. Pte. Ltd., vol. 2(01), pages 1-34.
- Gábor Oblath & Andrzej Slawinski & Arno Tausch, 2006. "Monthly Report 7/2006," wiiw Monthly Reports 2006-07, The Vienna Institute for International Economic Studies, wiiw.
- Gregory Birg & Brian M. Lucey, 2006.
"Integration of smaller European equity markets: a time-varying integration score analysis,"
Applied Financial Economics Letters, Taylor & Francis Journals, vol. 2(6), pages 395-400.
- Gregory Birg & Brian M. Lucey, 2006. "Integration Of Smaller European Equity Markets : A Time-Varying Integration Score Analysis," The Institute for International Integration Studies Discussion Paper Series iiisdp136, IIIS.
- Caroline Freund & Frank Warnock, 2007.
"Current Account Deficits in Industrial Countries: The Bigger They Are, The Harder They Fall?,"
NBER Chapters, in: G7 Current Account Imbalances: Sustainability and Adjustment, pages 133-168,
National Bureau of Economic Research, Inc.
- Caroline Freund & Frank Warnock, 2005. "Current Account Deficits in Industrial Countries: The Bigger They are, the Harder They Fall?," NBER Working Papers 11823, National Bureau of Economic Research, Inc.
- Apergis, Nicholas & Tsoumas, Chris, 2009. "A survey of the Feldstein-Horioka puzzle: What has been done and where we stand," Research in Economics, Elsevier, vol. 63(2), pages 64-76, June.
- Stephanie E. Curcuru & Tomas Dvorak & Francis E. Warnock, 2008.
"Cross-Border Returns Differentials,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 123(4), pages 1495-1530.
- Stephanie E. Curcuru & Tomas Dvorak & Francis E. Warnock, 2007. "Cross-border returns differentials," Globalization Institute Working Papers 04, Federal Reserve Bank of Dallas.
- Stephanie E. Curcuru & Tomas Dvorak & Francis E. Warnock, 2008. "Cross-Border Returns Differentials," NBER Working Papers 13768, National Bureau of Economic Research, Inc.
- Stephanie E. Curcuru & Tomas Dvorak & Francis E. Warnock, 2008. "Cross-border returns differentials," International Finance Discussion Papers 921, Board of Governors of the Federal Reserve System (U.S.).
- Calderón, César & Kubota, Megumi, 2018.
"Does higher openness cause more real exchange rate volatility?,"
Journal of International Economics, Elsevier, vol. 110(C), pages 176-204.
- Calderon, Cesar & Kubota, Megumi, 2009. "Does higher openness cause more real exchange rate volatility ?," Policy Research Working Paper Series 4896, The World Bank.
- Nasha Ananchotikul & Shi Piao & Ms. Edda Zoli, 2015. "Drivers of Financial Integration – Implications for Asia," IMF Working Papers 2015/160, International Monetary Fund.
- Andrew Hughes Hallett & Juan Carlos Martinez Oliva, 2012.
"Global Imbalances in a World of Inflexible Real Exchange Rates and Capital Controls,"
Global Economic Review, Taylor & Francis Journals, vol. 41(4), pages 319-340, December.
- Andrew Hughes Hallett & Juan Carlos Martinez Oliva, 2011. "Global Imbalances in a World of Inflexible Real Exchange Rates and Capital Controls," Macroeconomics Working Papers 23206, East Asian Bureau of Economic Research.
- Andrew Hughes Hallett & Juan Carlos Martinez Oliva, 2011. "Global Imbalances in a World of Inflexible Real Exchange Rates and Capital Controls," ADBI Working Papers 330, Asian Development Bank Institute.
- Andrew Hughes Hallett & Juan Carlos Martinez Oliva, 2011. "Global Imbalances in a World of Inflexible Real Exchange Rates and Capital Controls," Finance Working Papers 23206, East Asian Bureau of Economic Research.
- Philip Lane, 2007.
"The Swedish external position and the krona,"
International Economics and Economic Policy, Springer, vol. 4(3), pages 263-279, November.
- Lane, Philip R., 2006. "The Swedish External Position and the Krona," Working Paper Series 200, Sveriges Riksbank (Central Bank of Sweden).
- Tille, Cédric, 2008.
"Financial integration and the wealth effect of exchange rate fluctuations,"
Journal of International Economics, Elsevier, vol. 75(2), pages 283-294, July.
- Cédric Tille, 2005. "Financial integration and the wealth effect of exchange rate fluctuations," Staff Reports 226, Federal Reserve Bank of New York.
- Cedric Tille, 2005. "Financial Integration and the Wealth Effect of Exchange Rate Fluctuations," 2005 Meeting Papers 282, Society for Economic Dynamics.
- Mathias Hoffmann & Thomas Nitschka, 2007. "The Consumption - Real Exchange Rate Anomaly: an Asset Pricing Perspective," IEW - Working Papers 331, Institute for Empirical Research in Economics - University of Zurich.
- Tarlok Singh, 2007. "Intertemporal Optimizing Models Of Trade And Current Account Balance: A Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 21(1), pages 25-64, February.
- Maurice Obstfeld & Kenneth S. Rogoff, 2005. "The unsustainable U.S. current account position revisited," Proceedings, Federal Reserve Bank of San Francisco, issue feb.
- Franz Hamann & Juli�n P�rez & Paulina Restrepo, 2005. "Sobre los Efectos Macroecon�micos de la Composici�n de la Deuda P�blica en Colombia," Borradores de Economia 3510, Banco de la Republica.
- Gianpaolo Rossini & Paolo Zanghieri, 2009.
"Current account composition and sustainability of external debt,"
Applied Economics, Taylor & Francis Journals, vol. 41(5), pages 677-683.
- Gianpaolo Rossini & Paolo Zanghieri, 2006. "Current Account Composition and Sustainability of External Debt," EcoMod2006 272100075, EcoMod.
- Gianpaolo Rossini & Paolo Zanghieri, 2007. "Current Account Composition and Sustainability of External Debt," Development Working Papers 226, Centro Studi Luca d'Agliano, University of Milano.
- G. Rossini & P. Zanghieri, 2006. "Current account composition and sustainability of external debt (I)," Working Papers 568, Dipartimento Scienze Economiche, Universita' di Bologna.
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