Writings
[An Alternative View of Brexit]
Class Publishing House, 2018
Abstract: Brexit can be viewed both as a hedge for global financial markets against the exportation of systemic risk from the Eurozone and as an opportunity to accelerate innovation within the UK financial services industry. On one hand, Brexit enables the UK to distance itself from the potential contagion risks arising from economic instability within the Eurozone, positioning London as a more independent and resilient financial hub. On the other, it offers the UK an unparalleled opportunity to redefine its regulatory framework, fostering a more flexible and dynamic environment for financial innovation, particularly in emerging sectors such as fintech and digital currencies.
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62 VA. J. OF INT'L L. ONLINE 33 (2021) (with R. Tenconi)
Abstract: This paper illustrates the process of repealing EU law in the United Kingdom following Brexit.
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[Deterrence and Friendly Fire. Effects of International Sanctions on Russia's Foreign Debt and the Global Financial Order]
DIALOGHI DIR. ECON. (April 2022) (with A. Lupoi)
Abstract: This paper explains that whilst Russia cannot repay its foreign debt in roubles as opposed to U.S. dollars, in the presence of a fallback option, international sanctions prevent CDS protection buyers form delivering Russian refence obligations to protection sellers.​
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Un passo di lato e un balzo in avanti. La Brexit ha incentivato il Regno Unito ad abbracciare le "transizioni gemelle", ma sono le riforme legali e regolamentari a rendere Global Britain un successo
[A Step Aside and a Leap Forward. As Brexit Incentivized the United Kingdom to Embrace the "Twin Transitions", Legal and Regulatory Reforms Are Needed to Make Global Britain a Success]
DIALOGHI DIR. ECON. (July 2022) (with R. Tenconi)
Abstract: This essay explains that Brexit has been a vehicle to reposition the British economy atop a highly disruptive transformation of the world economy, powered by the ‘big six’ digital technologies (blockchain, big data, artificial intelligence, virtual reality, cloud, e-commerce).
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Contratto sociale, redistribuzione ed efficienza: Il caso per la Flat Tax. Una tassa da terza via?
[Social Contract, Redistribution, Efficiency: The Case for a Flat Tax. Taxation for the Third Way?]
4 INNOVAZIONE DIR. 43 (2022)
Abstract: This paper criticizes the public discourse on the Flat Tax, which emphasizes the redistributive effects of the tax system. But in doing so, it fails to address its goals with respect to simplification, efficiency and transparency, as convoluted progressive taxes fuel frictions on savings and investment. Additionally, there exists an opportunity to build incentives against government spending inflation. This paper also explains the costs, benefits, and micro and macro effects of the possible tax reform, from an economic efficiency perspective.
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La caduta dei Titani (bancari): storia idiosincratica o rischio sistemico?
[The Fall of the (Banking) Titans: Idiosyncratic Story or Systemic Risk?]
DIALOGHI DIR. ECON. (May 2023)
Abstract: This paper theorizes that the recent banks’ bankruptcies tell an idiosyncratic story rather than dreading a systemic crisis. SVB’s hyper-specialised business model and an attempted arbitrage over accounting rules have caused its fall, just as Credit Suisse folded after over ten years of poor governance. However, systemic risk appears to lie in wait: after 20 years of expansionary monetary policy, the turmoil in the banking sector leaves central banks caught between the struggle to tame inflation and the need to preserve financial stability.
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Capitali coraggiosi - Un viaggio nella finanza privata dalle strade di San Francisco ai grattacieli di Wall Street
[Capitals Courageous - A Financial Journey From the Streets of San Francisco to the Skyscrapers of Wall Street]
Armando Publishing House, 2023
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Abstract: This book explains that private capital funds transformative industries, which in the medium-to-long-term can build a competitive advantage over the market. In doing so, it illustrates the role of private capital in the economy, taking the reader on a journey "from the streets of San Francisco to the skyscrapers of Wall Street".
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Surviving the Stampede: Market-Based Resolutions Vis-à-Vis Overregulation
64 VA. J. OF INT’L L. ONLINE 1 (2023)
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Abstract: This paper examines the contrasting resolution mechanisms for banking failures in the United States and Switzerland by analyzing the cases of Silicon Valley Bank, Credit Suisse, Signature Bank, and First Republic Bank. Factors contributing to their downfall are explored, such as SVB’s excessive exposure to endogenous risk and Credit Suisse’s poor governance and compliance blunders. The resolution mechanisms used in each country—deposit guarantees in the US and corporate law changes in Switzerland—are compared, highlighting the need for a balance between regulatory frameworks and market discipline to mitigate future crises. Effective risk management, robust governance structures, and strict compliance are emphasized as crucial components in ensuring a stable financial system.
“Long Live the Lords!” Tradition, Reform, and the Enduring Balance of British Democracy
THE SAIS REV. OF INT’L AFFS. (December 2024)
Abstract: This essay takes the dive into the history, critique of modern reforms, and the case for preserving the noble heritage of the UK Upper House.
THE FLETCHER F. OF WORLD AFFS. (December 2024)
Abstract: This essay explores the UK's cession of the Chagos Islands to Mauritius—a strategic gem sacrificed on the altar of virtue signalling. What does this mean for geopolitics and global governance?
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Innovation Trumps Control: The Presidential Pivot in US Digital Assets Policy
40 J. OF INT'L BANKING L. & REG. 178 (Issue 5, 2025) (with M. Vincenti)
Abstract: This paper examines Donald J. Trump's Executive Order on American Leadership in Digital Financial Technology. The measure marks a shift in U.S. cryptocurrency policy: it bans the development of a U.S. CBDC, favoring private sector innovation over government control. This approach avoids the risks of financial surveillance and centralization, promoting a decentralized ecosystem that protects individual autonomy. The order emphasizes regulatory clarity, public-private collaboration, and strategic investment in blockchain, strengthening the U.S. position as a leader in digital financial innovation and countering de-dollarization. In clear contrast to Biden’s regulatory strategy, Trump’s vision balances financial stability with economic freedom, outlining a libertarian model for future policymaking.
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ESG: From Hype to Scrutiny—Legal Challenges to Fiduciary Duties and Shareholder Value
40 J. OF ENV'T L. & LIT. 43 (2025)
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Abstract: This article traces ESG investing's shift from celebrated trend to contested terrain. It critiques ESG for enabling firms to mask political agendas and justify poor performance. The essay
argues that ESG mandates disproportionately burden SMEs, distorting market dynamics. It also highlights regulatory incoherence as a source of operational disruption. Ultimately, ESG's ascent may give way to a sharp reversal amid legal actions and investor backlash.
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President Trump's Digital Fort Knox: Reasserting American Financial Leadership Through the Commodification of Bitcoin
40 J. OF INT'L BANKING L. & REG. 225 (Issue 6, 2025)
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Abstract: President Trump's Executive Order of 6 March 2025, on the Establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile challenges the traditional role
of fiat currency in national security and economic sovereignty.
This article examines its geopolitical ramifications, potential to counter central bank digital currencies and implications for US fiscal policy. By positioning Bitcoin as a hedge against inflation and financial weaponisation, President Trump reshapes the debate on monetary autonomy. This article highlights risks, feasibility and the broader shift towards decentralised financial power.
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Training Without Shackles: Copyright, U.S. Courts, and the Growing Transatlantic AI Divide
47 EUR. INTELL. PROP. REV. 604 (Issue 10, 2025)
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Abstract: This paper analyzes the first two U.S. court decisions on whether training generative AI models on copyrighted works constitutes fair use—Bartz v. Anthropic and Kadrey v. Meta Platforms, both issued in June 2025 by the Northern District of California. It argues that the rulings set a defensible standard: training qualifies as fair use when it is transformative, non-substitutive, and does not displace existing markets. The article grounds this view in economic reasoning, emphasizing reduced transaction costs, innovation, and U.S. technological leadership, while contrasting it with the EU’s restrictive AI Act. It concludes that by refusing to bind AI to outdated copyright doctrines, U.S. judges effectively advanced innovation policy and reinforced America’s global lead.