This paper formulates a novel modeling framework that delivers: (a) forecasts of indicators of systemic real risk and systemic financial risk based on density forecasts of indicators of real activity and financial health; (b) stress-tests as measures of the dynamics of responses of systemic risk indicators to structural shocks identified by standard macroeconomic and banking theory. Using a large number of quarterly time series of the G-7 economies in 1980Q1-2010Q2, we show that the model exhibits significant out-of sample forecasting power for tail real and financial risk realizations, and that stress testing provides useful early warnings on the build-up of real and financial vulnerabilities.
The objective of the research project “Development of a training model in the strengthening of microfi-nance in Uganda” has been the definition and the dissemination of a training model in the field of microfi-nance in Uganda. The project can be replicated on a national scale and would have the potential to improve the effectiveness of this sector in order to ultimately reduce financial exclusion. The project achieved main results as follows: organization of a specialized course to improve professional capabilities of local experts working in the field of microfinance in Uganda;implementation of the sustainability to be achieved in terms of microfinance projects’ dissemination by helping the new operators to the introduction of new initiatives in remote areas;improvement of the mobility of trained human resources in order to develop develop a comparative approach to microfinance, in paticular to the issue of microinsurance;creation of an internet portal, in both Italian and English, to open an interesting communicative window;improvement of the availability of relevant data in order to assess the progress and the impact of microfinance projects;sharing micro-entrepreneurial experiences that can create positive externalities to further expand productive activities;dissemination of best practices that will improve entrepreneurial skills, fostering greater impact on the socio-economic context.
Consummate painter, draftsman, sculptor, and architect, Michelangelo Buonarroti (1475–1564) was celebrated for his disegno, a term that embraces both drawing and conceptual design, which was considered in the Renaissance to be the foundation of all artistic disciplines. To his contemporary Giorgio Vasari, Michelangelo was “the divine draftsman and designer” whose work embodied the unity of the arts. Beautifully illustrated with more than 350 drawings, paintings, sculptures, and architectural views, this book establishes the centrality of disegno to Michelangelo’s work. Carmen C. Bambach presents a comprehensive and engaging narrative of the artist’s long career in Florence and Rome, beginning with his training under the painter Domenico Ghirlandaio and the sculptor Bertoldo and ending with his seventeen-year appointment as chief architect of Saint Peter’s Basilica at the Vatican. The chapters relate Michelangelo’s compositional drawings, sketches, life studies, and full-scale cartoons to his major commissions—such as the ceiling frescoes and the Last Judgment in the Sistine Chapel, the church of San Lorenzo and its New Sacristy (Medici Chapel) in Florence, and Saint Peter’s—offering fresh insights into his creative process. Also explored are Michelangelo’s influential role as a master and teacher of disegno, his literary and spiritual interests, and the virtuoso drawings he made as gifts for intimate friends, such as the nobleman Tommaso de’ Cavalieri and Vittoria Colonna, the marchesa of Pescara. Complementing Bambach’s text are thematic essays by leading authorities on the art of Michelangelo. Meticulously researched, compellingly argued, and richly illustrated, this book is a major contribution to our understanding of this timeless artist.
Il programma del metodo "GaaD Ginnastica artistica applicata alla Danza" propone di dedicarsi alla ginnastica, ma di modificarne degli aspetti affinch questo lavoro possa essere un solido supporto per l'insegnamento della danza.
The objective of the research project “Development of a training model in the strengthening of microfi-nance in Uganda” has been the definition and the dissemination of a training model in the field of microfi-nance in Uganda. The project can be replicated on a national scale and would have the potential to improve the effectiveness of this sector in order to ultimately reduce financial exclusion. The project achieved main results as follows: organization of a specialized course to improve professional capabilities of local experts working in the field of microfinance in Uganda;implementation of the sustainability to be achieved in terms of microfinance projects’ dissemination by helping the new operators to the introduction of new initiatives in remote areas;improvement of the mobility of trained human resources in order to develop develop a comparative approach to microfinance, in paticular to the issue of microinsurance;creation of an internet portal, in both Italian and English, to open an interesting communicative window;improvement of the availability of relevant data in order to assess the progress and the impact of microfinance projects;sharing micro-entrepreneurial experiences that can create positive externalities to further expand productive activities;dissemination of best practices that will improve entrepreneurial skills, fostering greater impact on the socio-economic context.
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