Filippo Ippolito

Director of the Master in Finance, Barcelona GSE

Director of the Summer School in Finance, Barcelona GSE

Associate Professor of Finance, Universitat Pompeu Fabra, Barcelona

Research Affiliate, Centre for Economic Policy Research, London


Research on Leverage and Corporate Liquidity Management

Dynamic Leverage Targets

  • with Stefano Sacchetto (IESE) and Roberto Steri (Université de Lausanne)
  • Working Paper

Debt Specialization

  • with Kai Li (Sauder Business School Univ. of Vancouver) and Paolo Colla (Universita' Commercial L. Bocconi)
  • Journal of Finance, October 2013, (68:5)
  • Internet appendix
  • Data on specialization indeces (dta, csv), Readme for data labels

Lines of Credit as Monitored Liquidity Insurance

Double Bank Runs and Liquidity Risk Management

  • with Jose Luis Peydro (Universitat Pompeu Fabra), Andrea Polo (Universitat Pompeu Fabra) and Enrico Sette (Bank of Italy)
  • Awarded by SANFi (Santander Financial Institute), 2014 Video Interview
  • Video Presentation on YouTube
  • CEPR Discussion paper n 10948
  • Journal of Financial Economics, Volume 122, Issue 1, October 2016, Pages 135-154

Bank Loans and the Transmission of Monetary Policy: the Floating Rate Channel

  • with Ander Perez (FED Board) and Ali Ozdagli (Boston Federal Rerserve).
  • Journal of Monetary Economics, Volume 95, May 2018.
  • CEPR Working Paper No. 9696
  • FEDS Working Paper No. 2017-026
  • Power point presentation

Levered Returns and Capital Structure Imbalances

  • with Claudio Tebaldi (Universita' Commercial L. Bocconi) and Roberto Steri (Université de Lausanne)
  • Slides for FIRS 2017 (Hong Kong)
  • Revise and resubmit at the Journal of Monetary Economics

Bank Lines of Credit as Contingent Liquidity: Covenant Violations and Their Implications

  • with Viral Acharya (Stern School of Business, NYU and NBER), Heitor Almeida (University of Urbana Champaign and NBER) and Ander Perez (FED Board).
  • European Central Bank Working Paper n. 1702
  • Set of Slides
  • Forthcoming in the Journal of Financial Intermediation

A New Perspective on Bank Dependence: the Liquidity Insurance Channel

Corporate Hedging and the Variance of Stock Returns

  • with Kizkitza Biguri (Universitat Autonoma de Barcelona) and Christian Brownlees (Universitat Pompeu Fabra).


Research on Private Equity

Contractual Characteristics and the Returns of Private Equity Investments

  • with Stefano Caselli (Universita Commerciale L. Bocconi) and Emilia Garcia Appendini (University of St. Gallen)
  • Journal of Financial Intermediation, 22 (2013) 201–217

Leverage and the Pricing of Debt in LBOs

  • with Paolo Colla (Universita' Commercial L. Bocconi) and Hannes Wagner (Universita' Commerciale L. Bocconi)
  • Journal of Corporate Finance, 18, 124–137, 2012

Default Penalties in Private Equity Partnerships

  • with Albert Banal-Estanol (Universitat Pompeu Fabra) and Sergio Vicente (Universitad Carlos III, Madrid)

Other Work

Double bank runs, liquidity risk management, and Basel III

  • Filippo Ippolito, José-Luis Peydró, Andrea Polo, Enrico Sette
  • Voxeu: 10 May 2016

How the use of floating-rate loans changes the impact of monetary policy

  • Filippo Ippolito, Ali Ozdagli, Ander Perez
  • Voxeu, 02 February 2016

Syndication and Second Loan Sales

  • with Paolo Colla (Universita' Commerciale L. Bocconi)
  • Theoretical Economics Letters, 1(3):81–87, 2011

The Banking Sector Rescue in Russia

  • Institute for Economies in Transition, BOFIT, Bank of Finland, No. 12, 2002

ITALY: Banking foundations adjust and thrive

  • Oxford Analytica, August 3, 2001

An Italian Bank Caught in the Vortex of Election Politics

  • My interview for the International Herald Tribune/NY Times about the downfall of Monte dei Paschi di Siena, By E.Povoledo and J. Ewing, International Herald Tribune, Global Business, January 28, 2013