Working papers and Work in Progress

Current Working Papers

• INTERLOCKING DIRECTORATES AND COMPETITION IN BANKING, with G.Barone and F.Schivardi. 

• THE LONG-RUN EARNINGS EFFECTS OF A CREDIT MARKET DISRUPTION, with E. Adamopoulou, M. DePhilippis, E. Viviano. 

• BORROWER VERSUS BANK CHANNELS IN LENDING: EXPERIMENTAL AND ADMINISTRATIVE BASED EVIDENCE, with V. Michelangeli and J.L. Peydrò. 

• RISK MITIGATING VERSUS RISK SHIFTING: EVIDENCE FROM BANK SECURITY TRADING IN CRISES  with J.L. Peydro, A. Polo and V. Vanasco 

Winner of the ECGI Prize for the Best Working Paper in Finance. Jury: M. Burkart, F. Allen, J. Franks, M. Pagano, X. Vives & L. Zingales 

• CORPORATE OVERCONFIDENCE AND BANK LENDING, with F. De Marco and J. Sauvagnat

• WHEN BROADBAND COMES TO BANKS: CREDIT SUPPLY, MARKET STRUCTURE, AND INFORMATION ACQUISITION, with A. D'Andrea and M. Pelosi

• PUBLIC GUARANTEES AND CREDIT ADDITIONALITY DURING COVID-19, with G. Cascarino, R. Gallo, F. Palazzo, Mofir WP 172, Bank of  Italy WP 1369

Work in progress

• THE VALUE OF INFORMATION IN RELATIONSHIP LENDING, with Nicola Pavanini, Giacomo Rodano, and Fabiano Schivardi 

• REAL EFFECTS OF IMPERFECT BANK-FIRM MATCHING, with M. Bruche, L. Farinha, S. Kokas, S. Tsoukas

• ALGORITHMIC DECISION MAKING IN BANKING, with C. Genovese, F. Schivardi, E. Tarantino 

Older Working Papers (currently on hold, but may be resumed)

• REAL EFFECTS OF BANK COMPETITION: THE ROLE OF BANK-RISK TAKING, with F. Lotti and F. Manaresi

• THE PRICE OF CORPORATE LIQUIDITY INSURANCE, with F. Cingano

• THE ORIGINS OF ITALIAN NPLS, with P. Angelini, M. Bofondi, and L. Zingales

• NON-EXCLUSIVE COMPETITION UNDER ADVERSE SELECTION: EMPIRICAL EVIDENCE FROM THE ITALIAN CREDIT REGISTRY, with Andrea Attar, Alessandro Gavazza, Thomas Mariotti, Francois Salanié