Accumulating Foreign Reserves Under Floating Exchange Rates / / Fernando M. Gonçalves
| Accumulating Foreign Reserves Under Floating Exchange Rates / / Fernando M. Gonçalves |
| Autore | Gonçalves Fernando M |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2008 |
| Descrizione fisica | 1 online resource (43 p.) |
| Disciplina | 332.456 |
| Collana |
IMF Working Papers
IMF working paper |
| Soggetto topico |
Foreign exchange rates - Econometric models
Bank reserves - Econometric models Monetary policy - Econometric models Banks and Banking Foreign Exchange Inflation Money and Monetary Policy Public Finance Monetary Policy Price Level Deflation Taxation, Subsidies, and Revenue: General Monetary economics Macroeconomics Banking Currency Foreign exchange Public finance & taxation Inflation targeting Reserves accumulation Foreign exchange intervention Institutional arrangements for revenue administration Monetary policy Prices Foreign exchange reserves Revenue |
| ISBN |
1-4623-6690-2
1-4527-0267-5 1-4518-6957-6 1-282-84051-7 9786612840517 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; 1. Introduction; 2. Theoretical Model: Basic Set-up; 3. Complete Information; 3.1. Centralization; 3.2. Institutional Arrangements in Practice; 3.3. Separation; 3.4. Centralization versus Separation; 4. Incomplete Information; 4.1. Stage 1: Centralization versus Separation; Figures; 1. Timetable; 4.2. Stage 0: Centralization versus Separation; 5. Comparative Analysis Under Incomplete Information; 5.1. Simulation of Stage 0 Parameters; 2. Simulation of Stage 0 Parameters; 5.2. The Trade-off Between Reserve Accumulation and Credibility Building; 5.3. Centralization versus Separation
5.3.1. Macroeconomic Stability3. Macroeconomic Stability - Centralization versus Separation; 5.3.2. Reserve Targeting; 4. Reserve Targeting - Centralization versus Separation; 5.3.3. Discussion; 6. Concluding Remarks; References; Appendix; Proof of Proposition 1; Proof of Corollary 1 |
| Record Nr. | UNINA-9910788246003321 |
Gonçalves Fernando M
|
||
| Washington, D.C. : , : International Monetary Fund, , 2008 | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Accumulating Foreign Reserves Under Floating Exchange Rates / / Fernando M. Gonçalves
| Accumulating Foreign Reserves Under Floating Exchange Rates / / Fernando M. Gonçalves |
| Autore | Gonçalves Fernando M |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2008 |
| Descrizione fisica | 1 online resource (43 p.) |
| Disciplina | 332.456 |
| Collana |
IMF Working Papers
IMF working paper |
| Soggetto topico |
Foreign exchange rates - Econometric models
Bank reserves - Econometric models Monetary policy - Econometric models Banking Banks and Banking Currency Deflation Foreign exchange intervention Foreign exchange reserves Foreign Exchange Foreign exchange Inflation targeting Inflation Institutional arrangements for revenue administration Macroeconomics Monetary economics Monetary Policy Monetary policy Money and Monetary Policy Price Level Prices Public finance & taxation Public Finance Reserves accumulation Revenue Taxation, Subsidies, and Revenue: General |
| ISBN |
9786612840517
9781462366903 1462366902 9781452702674 1452702675 9781451869576 1451869576 9781282840515 1282840517 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; 1. Introduction; 2. Theoretical Model: Basic Set-up; 3. Complete Information; 3.1. Centralization; 3.2. Institutional Arrangements in Practice; 3.3. Separation; 3.4. Centralization versus Separation; 4. Incomplete Information; 4.1. Stage 1: Centralization versus Separation; Figures; 1. Timetable; 4.2. Stage 0: Centralization versus Separation; 5. Comparative Analysis Under Incomplete Information; 5.1. Simulation of Stage 0 Parameters; 2. Simulation of Stage 0 Parameters; 5.2. The Trade-off Between Reserve Accumulation and Credibility Building; 5.3. Centralization versus Separation
5.3.1. Macroeconomic Stability3. Macroeconomic Stability - Centralization versus Separation; 5.3.2. Reserve Targeting; 4. Reserve Targeting - Centralization versus Separation; 5.3.3. Discussion; 6. Concluding Remarks; References; Appendix; Proof of Proposition 1; Proof of Corollary 1 |
| Record Nr. | UNINA-9910955171803321 |
Gonçalves Fernando M
|
||
| Washington, D.C. : , : International Monetary Fund, , 2008 | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Achieving a Soft Landing : : The Role of Fiscal Policy / / Daniel Leigh
| Achieving a Soft Landing : : The Role of Fiscal Policy / / Daniel Leigh |
| Autore | Leigh Daniel |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2008 |
| Descrizione fisica | 1 online resource (25 p.) |
| Disciplina | 336.861 |
| Collana |
IMF Working Papers
IMF working paper |
| Soggetto topico |
Fiscal policy - Colombia - Econometric models
Monetary policy - Colombia - Econometric models Inflation Investments: General Macroeconomics Public Finance Fiscal Policy Investment Capital Intangible Capital Capacity Taxation, Subsidies, and Revenue: General Price Level Deflation Public finance & taxation Fiscal policy Return on investment Fiscal stance Revenue administration Saving and investment Revenue Prices |
| ISBN |
1-4623-7699-1
1-4527-5110-2 1-282-84041-X 1-4518-6931-2 9786612840418 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. Methodology; III. Results: Macroeconomic Effects of Fiscal Policy Tightening; Figures; 1. Domestic Risk Premium and the Debt-to-GDP Ratio; 2. Exogenous Permanent Cut in Public Consumption of 0.5 Percent of GDP; 3. Exogenous Permanent Cut in Public Investment of 0.5 Percent of GDP; IV. Results: Fiscal Policy and Macroeconomic Stability; 4. Private Savings Shock and Strength of Fiscal Policy Response; 5. Markup Shock and Strength of Fiscal Policy Response; 6. Efficiency Frontier: Markup Shock
7. Efficiency Frontier for Different Monetary Policy Response Parameters8. Temporary Fall in Risk Premium by 100 Basis Points; 9. Risk Premium Shock and Strength of Fiscal Policy Response; V. Conclusions; References |
| Record Nr. | UNINA-9910788246303321 |
Leigh Daniel
|
||
| Washington, D.C. : , : International Monetary Fund, , 2008 | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Achieving a Soft Landing : : The Role of Fiscal Policy / / Daniel Leigh
| Achieving a Soft Landing : : The Role of Fiscal Policy / / Daniel Leigh |
| Autore | Leigh Daniel |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2008 |
| Descrizione fisica | 1 online resource (25 p.) |
| Disciplina | 336.861 |
| Collana |
IMF Working Papers
IMF working paper |
| Soggetto topico |
Fiscal policy - Colombia - Econometric models
Monetary policy - Colombia - Econometric models Capacity Capital Deflation Fiscal Policy Fiscal policy Fiscal stance Inflation Intangible Capital Investment Investments: General Macroeconomics Price Level Prices Public finance & taxation Public Finance Return on investment Revenue administration Revenue Saving and investment Taxation, Subsidies, and Revenue: General |
| ISBN |
9786612840418
9781462376995 1462376991 9781452751108 1452751102 9781282840416 128284041X 9781451869316 1451869312 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. Methodology; III. Results: Macroeconomic Effects of Fiscal Policy Tightening; Figures; 1. Domestic Risk Premium and the Debt-to-GDP Ratio; 2. Exogenous Permanent Cut in Public Consumption of 0.5 Percent of GDP; 3. Exogenous Permanent Cut in Public Investment of 0.5 Percent of GDP; IV. Results: Fiscal Policy and Macroeconomic Stability; 4. Private Savings Shock and Strength of Fiscal Policy Response; 5. Markup Shock and Strength of Fiscal Policy Response; 6. Efficiency Frontier: Markup Shock
7. Efficiency Frontier for Different Monetary Policy Response Parameters8. Temporary Fall in Risk Premium by 100 Basis Points; 9. Risk Premium Shock and Strength of Fiscal Policy Response; V. Conclusions; References |
| Record Nr. | UNINA-9910955172003321 |
Leigh Daniel
|
||
| Washington, D.C. : , : International Monetary Fund, , 2008 | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Adding Indonesia to the Global Projection Model / / Roberto Garcia-Saltos, Douglas Laxton, Michal Andrle, Haris Munandar, Charles Freedman, Danny Hermawan
| Adding Indonesia to the Global Projection Model / / Roberto Garcia-Saltos, Douglas Laxton, Michal Andrle, Haris Munandar, Charles Freedman, Danny Hermawan |
| Autore | Garcia-Saltos Roberto |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 57 p. : ill |
| Altri autori (Persone) |
LaxtonDouglas
AndrleMichal MunandarHaris FreedmanCharles HermawanDanny |
| Collana | IMF Working Papers |
| Soggetto topico |
Economic forecasting - Indonesia - Econometric models
Economic forecasting - United States - Econometric models Economic forecasting - Europe - Econometric models Economic forecasting - Japan - Econometric models Inflation (Finance) - Indonesia - Econometric models Inflation (Finance) - United States - Econometric models Inflation (Finance) - Europe - Econometric models Inflation (Finance) - Japan - Econometric models Monetary policy - Indonesia - Econometric models Monetary policy - United States - Econometric models Monetary policy - Europe - Econometric models Monetary policy - Japan - Econometric models Banks and Banking Foreign Exchange Inflation Production and Operations Management Price Level Deflation Macroeconomics: Production Interest Rates: Determination, Term Structure, and Effects Macroeconomics Currency Foreign exchange Finance Real exchange rates Output gap Real interest rates Short term interest rates Prices Production Economic theory Interest rates |
| ISBN |
1-4623-8703-9
1-4527-5207-9 1-282-84491-1 9786612844911 1-4519-4171-4 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Record Nr. | UNINA-9910788228703321 |
Garcia-Saltos Roberto
|
||
| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Adding Indonesia to the Global Projection Model / / Roberto Garcia-Saltos, Douglas Laxton, Michal Andrle, Haris Munandar, Charles Freedman, Danny Hermawan
| Adding Indonesia to the Global Projection Model / / Roberto Garcia-Saltos, Douglas Laxton, Michal Andrle, Haris Munandar, Charles Freedman, Danny Hermawan |
| Autore | Garcia-Saltos Roberto |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 57 p. : ill |
| Disciplina | 339.53091724 |
| Altri autori (Persone) |
AndrleMichal
FreedmanCharles HermawanDanny LaxtonDouglas MunandarHaris |
| Collana | IMF Working Papers |
| Soggetto topico |
Economic forecasting - Indonesia - Econometric models
Economic forecasting - United States - Econometric models Economic forecasting - Europe - Econometric models Economic forecasting - Japan - Econometric models Inflation (Finance) - Indonesia - Econometric models Inflation (Finance) - United States - Econometric models Inflation (Finance) - Europe - Econometric models Inflation (Finance) - Japan - Econometric models Monetary policy - Indonesia - Econometric models Monetary policy - United States - Econometric models Monetary policy - Europe - Econometric models Monetary policy - Japan - Econometric models Banks and Banking Currency Deflation Economic theory Finance Foreign Exchange Foreign exchange Inflation Interest rates Interest Rates: Determination, Term Structure, and Effects Macroeconomics Macroeconomics: Production Output gap Price Level Prices Production and Operations Management Production Real exchange rates Real interest rates Short term interest rates |
| ISBN |
9786612844911
9781462387038 1462387039 9781452752075 1452752079 9781282844919 1282844911 9781451941715 1451941714 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | Intro -- Contents -- I. Introduction -- A. Background -- B. A Brief Outline of Indonesian Economic Developments Over The Sample Period -- II. Benchmark Model -- A. Background -- B. The Specification of The Model -- B.1 Observable variables and data definitions -- B.2 Stochastic processes and model definitions -- B.3 Behavorial equations -- B.4 Cross correlations of disturbances -- III. Extending the Model to Include Financial-Real Linkages -- A. Background -- B. Model Specication Incorporating the US Bank Lending TighteningVariable -- V. Confronting the Model with the Data -- A. Bayesian Estimation -- B. Results -- B.1 Estimates of coeficients -- B.2 Estimates of standard deviation of structural shocks and cross correlations -- B.3 RMSEs -- B.4 Impulse response functions -- VI. Concluding Remarks -- IV. Modifications of the Model for the Indonesian Economy -- References -- Appendix: GPM Data Definitions -- Figures -- 1. Indonesia - Historical Data [1] -- 2. Indonesia - Historical Data [2] -- 3. Indonesia - Historical Data [3] -- 4. Comparison CDS Emerging Countries -- 5. Indonesia Historical Inflation Graph -- 6. Domestic Demand Shock -- 7. Domestic Price Shock -- 8. Domestic Interest Rate Shock -- 9. Domestic Real Exchange Rate Shock -- 10. Shock to the Domestic Target Rate of Inflation -- 11. Demand Shock in the US -- 12. BLT Shock in the US -- Tables -- 1. Results from Posterior Maximization -- 2. Results from Posterior Parameters (standard deviation of structural shocks) -- 3. Results from Posterior Parameters (correlation of structural shocks) -- 4. Root Mean Squared Errors. |
| Record Nr. | UNINA-9910961803103321 |
Garcia-Saltos Roberto
|
||
| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Adding Latin America to the Global Projection Model
| Adding Latin America to the Global Projection Model |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 1 online resource (50 p.) |
| Collana | IMF Working Papers |
| Soggetto topico |
Globalization - Economic aspects - Latin America
Econometrics Banks and Banking Foreign Exchange Inflation Production and Operations Management Macroeconomics: Production Price Level Deflation Interest Rates: Determination, Term Structure, and Effects Macroeconomics Currency Foreign exchange Finance Output gap Real exchange rates Real interest rates Exchange rates Production Economic theory Prices Interest rates |
| ISBN |
1-4623-3357-5
1-4527-5410-1 1-4518-7232-1 1-282-84305-2 9786612843051 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. Benchmark Model; A. Background; B. The Specification of the Model; B.1 Observable variables and data definitions; B.2 Stochastic processes and model definitions; B.3 Behavioral equations; B.4 Cross correlations of disturbances; III. Extending the Model to Include Financial-Real Linkages; A. Background; B. Model Specification Incorporating the US Bank Lending Tightening Variable; IV. Confronting the Model with the Data; A. Bayesian Estimation; B. Results; B.1 Estimates of output gap; B.2 Estimates of coefficients
B.3 Estimates of standard deviation of structural shocks and cross correlationsB.4 RMSEs; B.5 Impulse response functions; B.6 Historical variance decomposition; V. Concluding Remarks; References; Appendix Tables; 1. GPM Data Definitions; 2. Trade Matrix (Average 2001-2007, in percent); Figures; 1. Output Gap in LA5; Text Tables; 1. Results from Posterior Maximization; 2. Estimated Parameters in the Output Gap Equation; 3. Estimated Parameters in the Inflation Equation; 4. Estimated Parameters in the Monetary Policy Rule 2. Results from Posterior Parameters (Standard Deviation of Structural Shocks)3. Results from Posterior Parameters (Correlation of Structural Shocks); 4. Root Mean Squared Errors; 5. Domestic Demand Shock; 6. Domestic Price Shock; 7. Demand Shock in the US; 8. BLT Shock in the US; 9. Historical Decomposition of Inflation 2004-08 |
| Record Nr. | UNINA-9910788336303321 |
| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Adding Latin America to the Global Projection Model
| Adding Latin America to the Global Projection Model |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 1 online resource (50 p.) |
| Disciplina | 332.152 |
| Collana | IMF Working Papers |
| Soggetto topico |
Globalization - Economic aspects - Latin America
Econometrics Banks and Banking Currency Deflation Economic theory Exchange rates Finance Foreign Exchange Foreign exchange Inflation Interest rates Interest Rates: Determination, Term Structure, and Effects Macroeconomics Macroeconomics: Production Output gap Price Level Prices Production and Operations Management Production Real exchange rates Real interest rates |
| ISBN |
9786612843051
9781462333578 1462333575 9781452754109 1452754101 9781451872323 1451872321 9781282843059 1282843052 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. Benchmark Model; A. Background; B. The Specification of the Model; B.1 Observable variables and data definitions; B.2 Stochastic processes and model definitions; B.3 Behavioral equations; B.4 Cross correlations of disturbances; III. Extending the Model to Include Financial-Real Linkages; A. Background; B. Model Specification Incorporating the US Bank Lending Tightening Variable; IV. Confronting the Model with the Data; A. Bayesian Estimation; B. Results; B.1 Estimates of output gap; B.2 Estimates of coefficients
B.3 Estimates of standard deviation of structural shocks and cross correlationsB.4 RMSEs; B.5 Impulse response functions; B.6 Historical variance decomposition; V. Concluding Remarks; References; Appendix Tables; 1. GPM Data Definitions; 2. Trade Matrix (Average 2001-2007, in percent); Figures; 1. Output Gap in LA5; Text Tables; 1. Results from Posterior Maximization; 2. Estimated Parameters in the Output Gap Equation; 3. Estimated Parameters in the Inflation Equation; 4. Estimated Parameters in the Monetary Policy Rule 2. Results from Posterior Parameters (Standard Deviation of Structural Shocks)3. Results from Posterior Parameters (Correlation of Structural Shocks); 4. Root Mean Squared Errors; 5. Domestic Demand Shock; 6. Domestic Price Shock; 7. Demand Shock in the US; 8. BLT Shock in the US; 9. Historical Decomposition of Inflation 2004-08 |
| Record Nr. | UNINA-9910960888803321 |
| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Are Asset Price Guarantees Useful for Preventing Sudden Stops?A Quantitative Investigation of the Globalization Hazard-Moral Hazard Tradeoff / / Enrique Mendoza, Ceyhun Bora Durdu
| Are Asset Price Guarantees Useful for Preventing Sudden Stops?A Quantitative Investigation of the Globalization Hazard-Moral Hazard Tradeoff / / Enrique Mendoza, Ceyhun Bora Durdu |
| Autore | Mendoza Enrique |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2006 |
| Descrizione fisica | 1 online resource (42 p.) |
| Altri autori (Persone) | DurduCeyhun Bora |
| Collana | IMF Working Papers |
| Soggetto topico |
Economic policy
Globalization Exports and Imports Finance: General Investments: Stocks Macroeconomics International Investment Long-term Capital Movements Pension Funds Non-bank Financial Institutions Financial Instruments Institutional Investors Price Level Inflation Deflation Macroeconomics: Consumption Saving Wealth General Financial Markets: Government Policy and Regulation International economics Investment & securities Finance Sudden stops Stocks Asset prices Consumption Moral hazard Capital movements Prices Economics Financial risk management |
| ISBN |
1-4623-3770-8
1-4527-0878-9 1-283-51818-X 1-4519-0869-5 9786613830630 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | ""Contents""; ""I. INTRODUCTION""; ""II. A MODEL OF GLOBALIZATION HAZARD AND PRICE GUARANTEES""; ""III. CHARACTERIZING THE GLOBALIZATION HAZARD-MORAL HAZARD TRADEOFF""; ""IV. QUANTITATIVE ANALYSIS""; ""V. NORMATIVE IMPLICATIONS AND SENSITIVITY ANALYSIS""; ""VI. CONCLUSIONS""; ""REFERENCES"" |
| Record Nr. | UNINA-9910788696103321 |
Mendoza Enrique
|
||
| Washington, D.C. : , : International Monetary Fund, , 2006 | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Are Asset Price Guarantees Useful for Preventing Sudden Stops?A Quantitative Investigation of the Globalization Hazard-Moral Hazard Tradeoff / / Enrique Mendoza, Ceyhun Bora Durdu
| Are Asset Price Guarantees Useful for Preventing Sudden Stops?A Quantitative Investigation of the Globalization Hazard-Moral Hazard Tradeoff / / Enrique Mendoza, Ceyhun Bora Durdu |
| Autore | Mendoza Enrique |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2006 |
| Descrizione fisica | 1 online resource (42 p.) |
| Altri autori (Persone) | DurduCeyhun Bora |
| Collana | IMF Working Papers |
| Soggetto topico |
Economic policy
Globalization Asset prices Capital movements Consumption Deflation Economics Exports and Imports Finance Finance: General Financial Instruments Financial risk management General Financial Markets: Government Policy and Regulation Inflation Institutional Investors International economics International Investment Investment & securities Investments: Stocks Long-term Capital Movements Macroeconomics Macroeconomics: Consumption Moral hazard Non-bank Financial Institutions Pension Funds Price Level Prices Saving Stocks Sudden stops Wealth |
| ISBN |
9786613830630
9781462337705 1462337708 9781452708782 1452708789 9781283518185 128351818X 9781451908695 1451908695 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | ""Contents""; ""I. INTRODUCTION""; ""II. A MODEL OF GLOBALIZATION HAZARD AND PRICE GUARANTEES""; ""III. CHARACTERIZING THE GLOBALIZATION HAZARD-MORAL HAZARD TRADEOFF""; ""IV. QUANTITATIVE ANALYSIS""; ""V. NORMATIVE IMPLICATIONS AND SENSITIVITY ANALYSIS""; ""VI. CONCLUSIONS""; ""REFERENCES"" |
| Record Nr. | UNINA-9910967123203321 |
Mendoza Enrique
|
||
| Washington, D.C. : , : International Monetary Fund, , 2006 | ||
| Lo trovi qui: Univ. Federico II | ||
| ||