Posts


Silicon Valley Bank: a modern-day crisis

Several months have now passed since the run on Silicon Valley Bank in March 2023. This column argues that now is a good point to reflect on the bank’s failure and the ensuing policy responses. Though this was a US banking experience, the lessons from the crash extend across borders, including Italy. In fact, some of the concerns over governments’ commitment to deposit insurance are perhaps even more of a concern for policy-makers in Europe.

Positive workplace culture: The importance of healthy professional relationships

Anti-social and unethical behaviour in the workplace has considerable negative effects on employee wellbeing. Toxic relationships are at the heart of such behaviour. This column presents evidence from a field experiment carried out in Turkey. In this setting, an innovative training programme aiming to improve the relational atmosphere in the workplace reduced anti-social interactions and lowered employee separation in large corporations. In particular, improved leader-subordinate relationships played a key role in explaining the programme’s positive impacts on the workplace climate.