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.