Publications

• INTERLOCKING DIRECTORATES AND COMPETITION IN BANKING, with G.Barone and F.Schivardi, Journal of Finance, Forthcoming.

• EXPANSIONARY YET DIFFERENT:  CREDIT SUPPLY AND REAL EFFECTS OF NEGATIVE INTEREST RATE POLICY, with M. Bottero, C. Minoiu, J.L. Peydrò. A. Polo, A. Presbitero, Journal of Financial Economics, 146, 754-778, November 2022. VoxEu column

Presented at the NBER Summer Institute 2019, Monetary Economics.

Top 5 article for policy relevance according to this Financial times article

• CREDIT MISALLOCATION DURING THE EUROPEAN FINANCIAL CRISIS, with F. Schivardi and G. Tabellini. Economic Journal, 132, 391-423, January 2022.  VoxEu column. Presentated at the NBER Summer Institute 2018, Capital Markets and the Economy. 

• BANKS AS PATIENT LENDERS, EVIDENCE FROM A TAX REFORM, with E. Carletti, F. De Marco, V. Ioannidou, Journal of Financial Economics, 141, 6-26, July 2021. Presented at the NBER Summer Institute 2018, Monetary Economics. 

• THE REAL EFFECTS OF RELATIONSHIP LENDING, with R. Banerjee and L. Gambacorta. Journal of Financial Intermediation, 48, 1009-1023, October 2021

• MONETARY POLICY AT WORK: SECURITY AND CREDIT APPLICATION REGISTERS EVIDENCE, with J.L. Peydrò and A. Polo, Journal of Financial Economics, 140, 789-814, June 2021.

• IDENTIFYING THE REAL EFFECTS OF ZOMBIE LENDING, with F. Schivardi and G. Tabellini, Review of Corporate Finance Studies, 9, 569–592, November 2020. Paper spotlight.

• ALLOCATIVE EFFICIENCY AND FINANCE, with A. Linarello and A. Petrella, International Journal of Central Banking, 74, 125-171, September 2022.

• CREDIT SUPPLY DURING A SOVEREIGN DEBT CRISIS, with Marcello Bofondi and Luisa Carpinelli, Journal of the European Economic Association, 16, 696-729, June 2018. Presented at the NBER Summer Institute 2013, International Finance and Macro

• DOES CREDIT CRUNCH INVESTMENT DOWN? with F. Cingano and F. Manaresi, Review of Financial Studies, 29, 2737-2773, October 2016. VoxEu column

• DOUBLE BANK RUNS AND LIQUIDITY RISK MANAGEMENT, with F. Ippolito, J. Peydrò, A. Polo, Journal of Financial Economics, 122, 135-154, October 2016.  VoxEu column.

• INFORMATION TECHNOLOGY AND BANKING ORGANIZATION, with S. Mocetti and M. Pagnini, Journal of Financial Services Research, 51, 313–338, June 2017

• DID THE SECURITIZATION MARKET FREEZE AFFECT BANK LENDING DURING THE FINANCIAL CRISIS? EVIDENCE FROM A CREDIT REGISTER, with E. Bonaccorsi di Patti, Journal of Financial Intermediation, 25, 54-76, January 2016.

• INTERNATIONAL BANKING AND LIQUIDITY RISK TRANSMISSION: EVIDENCE FROM ITALY, with M. Caccavaio, L. Carpinelli, G. Marinelli, IMF Economic Review,  63, 568-584, November 2015. VoxEu column.

• THE AGE OF THE DRAGON: CHINESE COMPETITION AND THE PRICING BEHAVIOR OF ITALIAN FIRMS, with M. Bugamelli and S. Fabiani, Journal of Money, Credit and Banking, 47, 6, 1091-1118, September 2015.

• RELATIONSHIP LENDING DURING A FINANCIAL CRISIS,  with Giorgio Gobbi, Journal of the European Economic Association, 13, 3, 453-481, June 2015.

• DO FIRMS BENEFIT FROM CONCENTRATING THEIR BORROWING? EVIDENCE FROM THE GREAT RECESSION, with Giorgio Gobbi, Review of Finance 18(2): 527-560, April 2014.

• COMPETITION AND OPTIMISTIC ADVICE OF FINANCIAL ANALYSTS: EVIDENCE FROM IPOS, Journal of Financial Intermediation, Elsevier, 20, 441-457, July 2011.