The Money and Finance Research (Mo.Fi.R.) group was established in 2007 with the aim of investigating, from both the empirical and theoretical points of view, the evolution of the financial system as the collection of financial institutions, intermediaries and markets and  understanding the real consequences of that evolution for the development of the economic system at the regional, national and international levels.

This mission is fulfilled through a variety of activities, including sponsored research, seminars, conferences carried out by a bulk of economists from the Department of Economics and Social Sciences of the Università Politecnica delle Marche, in cooperation with researchers from other universities, post-doc research fellows, PhD students and graduate students.


"4th MoFiR workshop on banking"Kobe (Japan), June 11-12, 2015.

The Journal of Small Business Management (JSBM) had announced that Prof. Marco Cucculelli has been awarded the 2014 JSBM Associate Editor (AE) of the Year Award.

Research project: RAstaNEWS "Macro-Risk Assessment and Stabilization Policies with New Early Warning Signals"

Latest working papers:

Latest publications:
  • Presbitero AF, Rabellotti R, Piras C, Barking up the wrong tree: Measuring gender gaps in firm's access to finance, Journal of Development Studies, 50(10): 1430-44.
  • Presbitero AF, Sacchi A, Zazzaro A, Property tax and fiscal discipline in OECD countries, Economics Letters, 124(3): 428-33.
  • Panizza U, Presbitero AF, Public debt and economic growth: Is there a causal effect? Journal of Macroeconomics, 41: 21-41.
  • Bellucci A, Borisov A, Zazzaro A, Do Banks Price Discriminate Spatially? Evidence from Small Business Lending in Local Credit Markets, Journal of Banking and Finance, 37(13): 4183-4197.
  • Fratianni M, Marchionne F, The Fading Stock Market Response to Announcements of Bank Bailouts, Journal of Financial Stability, 9(1): 69-89.
  • Bettin G, Lucchetti R, Zazzaro A, Endogeneity and sample selection in a model for remittances, Journal of Development Economics, 99(2): 370-384.