• Alessandro Roncaglia



Introduction, crisis, banking union, public sector


The short note introduces the articles published in this issue, placing the different contributions in the current socio-economic context. The first two articles in particular concern a topic of great relevance to the well-functioning of a monetary production economy, namely banking regulations and especially the changes being currently introduced. Tonveronachi (2013) argues in favour of a significant de-globalization of banks and of their regulation and supervision, thus opposing the mainstream attitude supported by regulatory authorities. Masera (2013) provides a discussion of the enactment of the third Basel Capital Accord in the United States and in Europe, with the former placing greater emphasis on leverage requirements (versus risk-weighted capital requirements, which are kept simpler) and on a differentiation of the rules according to the size and complexity of the financial institutions concerned (versus the European one-size-fits-all attitude). 


JEL codes: A1, H12, H83


CORSI M. and D’IPPOLITI C. (2013), “The Productivity of the Public Sector: A Classical View”, PSL Quarterly Review, vol. 66 n. 267, pp. 403-434.

EKINCI N.K. (2013), “Income Distribution in a Monetary Economy”, PSL Quarterly Review, vol. 66 n. 267, pp. 435-455.

MASERA R. (2013), “US Basel III Final Rule on Banks’ Capital Requirements: A Different-Size-Fits-All Approach”, PSL Quarterly Review, vol. 66 n. 267, pp. 387-402.

MONTANARO E. and TONVERONACHI M. (2012), “Financial Re-Regulation at a Crossroads: How the European Experience Strengthens the Case for a Radical Reform Built on Minsky’s Approach”, PSL Quarterly Review, vol. 65, n. 263, pp. 335-383.

TONVERONACHI M. (2010), “Financial Innovation and System Design”, PSL Quarterly Review, vol. 63 n. 253, pp. 131-144.

TONVERONACHI M. (2010), “Empowering Supervisors with More Principles and Discretion to Implement Them Will Not Reduce the Dangers of the Prudential Approach to Financial Regulation”, PSL Quarterly Review, vol. 63 n. 255, pp. 363-378.

TONVERONACHI M. (2013), “De-Globalising Bank Regulation”, PSL Quarterly Review, vol. 66 n. 267, pp.371-385.


How to Cite

Roncaglia, A. (2014). Introduction. PSL Quarterly Review, 66(267).