WP 2025/01 - Financial Development, Financial Specialization, and Trade (R. Minetti, P. Murro, N. Rowe)

WP 2025/02 - Out of sight, out of mind? Global value chains and credit allocation in bad times (R. Minetti, P. Murro, and V. Peruzzi)

WP 2025/01 - Financial Development, Financial Specialization, and Trade (R. Minetti, P. Murro, N. Rowe)

WP 2025/02 - Out of sight, out of mind? Global value chains and credit allocation in bad times (R. Minetti, P. Murro, and V. Peruzzi)

WP 2024/05 – Real Effects of Bank Shocks (V. Sharma)

WP 2024/04 - Banking development and the economic impact of natural disasters: from short- to long-term effects (V. Peruzzi, P. Murro, M. Alessi)

WP 2024/03 – Credit shocks, lending relationships, and economic activity (V. Sharma)

WP 2024/02 - Sustainable Mutual Funds through COVID-19. Evidence from fixed-income flows to the Euro Area (A. Cagnazzo)

WP 2024/01 - Open innovation in family-owned firms by Valentina Peruzzi∗

WP 2023/07 - SMEs and the Challenge of Going Public    

WP 2023/06 - State-dependent Effects of Loan-To-Value (V. Sharma)

WP 2023/05 - Shocks to the Lending Standards and the Macroeconomy (V. Sharma)

WP 2023/04 - Collateral Shocks, Lending Relationships, and Economic Dynamics (V. Sharma)

WP 2023/03 - Supplementary pension plans and financial advice: the challenge posed by new demographic scenarios and generational turnover (D. Curcio, G. Di Giorgio, G. Zito)

WP 2023/02 - Unconventional Policy and Idiosyncratic Risk (S. Nisticò, M. Seccareccia)

WP 2023/02 - Unconventional Policy and Idiosyncratic Risk (S. Nisticò, M. Seccareccia)

WP 2022/01 - Marine Charlotte, André, and Guido Traficante "Forward Guidance in Small Open Economies"

WP 2020/08 - Marine Charlotte, André, and Guido Traficante "Forward Guidance in Small Open Economies"

WP 2020/07 - Jacopo Bonchi and Francesco Simone Lucidi "Asset Price Bubbles with Low Interest Rates: Not All Bubbles are Likely"

WP 2020/06 - Pierluigi Murro and Valentina Peruzzi "Relationship lending and the use of trade credit: the role of relational capital and private information"

WP 2020/05 - Nicola Borri and Giorgio Di Giorgio "Systemic Risk and the COVID Challenge in the European Banking Sector"

WP 2020/04 - Stefano Marzioni, Alessandro Pandimiglio, and Marco Spallone "How can the tobacco sector contribute to the recovery phase?"

WP 2020/03 - Qingqing Cao, Paolo Giordani, Raoul Minetti, and Pierluigi Murro “Credit Markets, Relationship Banking, and Firm Entry”

WP 2020/02 - Maurizio Iacopetta, Raoul Minetti, and Pierluigi Murro “Growing through Spinoffs: Corporate Governance and Firm Entry”

WP 2020/01 - Pierpaolo Benigno and Salvatore Nisticò “The Economics Of Helicopter Money”

WP 2019/04 - Luca Bellardini, Pierluigi Murro, and Daniele Previtali “The risk-weighted ownership index: an ex-ante measure of banks' risk and performance”

WP 2019/03 - Roberto Angelo Lener “A view on recent corporate spin-offs in advanced economies”

WP 2019/02 - Raoul Minetti, Pierluigi Murro, and Valentina Peruzzi "Not all banks are equal. Cooperative banking and income inequality

WP 2019/01 - Alberto Cagnazzo "Market-timing performance of mutual fund investors in emerging markets"

WP 2018/04 - Raoul Minetti, Pierluigi Murro, and Valentina Peruzzi "Cooperative banks and income inequality: Evidence from Italian provinces"

WP 2018/03 - Andrea McNamara, Pierluigi Murro, and Sheila O'Donohoe "Lending Infrastructure and Credit Rationing of European SMEs"

WP 2017/09 - Chiara Guerello, Pina Murè, Natasha Rovo, and Marco Spallone "Is there a regulatory trade-off between stability and performance? Evidence from Italian banks.

WP 2017/08 - Giorgio Di Giorgio and Guido Traficante, “Fiscal Shocks and Helicopter Money in Open Economies”

WP 2017/07 - Natasha Rovo "Markets Structure and Secular Stagnation"

WP 2017/06 - Michael W. Brandt, Federico Nucera, and Giorgio Valente "Can hedge funds time the market?"

WP 2017/05 - Stefano Marzioni and Guido Traficante "Learning with uncertain inflation targets"

WP 2017/04 - Chiara Guerello, Marco Tronzano "Global factors, international spillovers, and term structure of interest rates: new evidence for Asian countries"

WP 2017/03 - Nicola Borri “Local Currency Risk”

WP 2017/02 - Chiara Guerello, Pina Murè, and Marco Spallone "Italian Banking Supervision under the SSM principles: an analysis of the sanctioning activity"

WP 2017/01 - Paolo Vitale "Robust Trading for Ambiguity-Averse Insiders"

WP 2016/05 - Ugo Zannini "Monetary policy, liquidity, and consumption inequality: a comment on Williamson (2012)"

WP 2016/04 - Vincenzo Formisano, Carmen Gallucci, Michele Modina, and Filomena Pietrovito "The bank-firm relationship in default prediction models. An analysis of a sample of Italian firms."

WP 2016/03 - Massimo Arnone, Massimo Mucciardi, and Ferdinando Ofria "The impact of criminality on the riskiness of cooperative credit banks in Italy: a macro-regional approach"

WP 2016/02 - Raoul Minetti, Pierluigi Murro, Zeno Rotondi, and Susan Zhu "Financial Constraints, Firms, Supply Chains, and Internationalization"

WP 2016/01 - Giorgio Di Giorgio, Salvatore Nisticò, and Guido Traficante "Government Spending and the Exchange Rate"

WP 2015/09 - Valerio Scalone "Estimating Non-Linear DSGEs with the Approximate Bayesian Computation: an application to the Zero Lower Bound"

WP 2015/08 - Giovanna Paladino and Zeno Rotondi "Stressing the European Banks: an Evaluation of the Comprehensive Assessment"

WP 2015/07 - Federico Nucera "Unemployment fluctuations and the predictability of currency returns"

WP 2015/06 - Domenico Curcio and Giorgio Di Giorgio "Insurance intermediation: new rules and compliance"

WP 2015/05 - Jacopo Carmassi, Domenico Curcio, and Giorgio Di Giorgio "Financial regulation and supervision in Europe: emerging trends, costs, and effectiveness"

WP 2015/04 - Rosa Cocozza, Domenico Curcio, and Igor Gianfrancesco "Estimating banks' interest rate risk in the banking book: beyond the drawbacks of the current regulatory framework"

WP 2015/03 - Nicola Borri and Alberto Cagnazzo, “Chasing Stock Market Returns”

WP 2015/02 - Alexandra D'Onofrio and Giuseppe Maggio "Does foreign aid fuel trust?"

WP 2015/01 - Nicola Borri "Risk pays off in long-duration sovereign bonds"

WP 2014/11 - Giulio Cifarelli and Giovanna Paladino "One size does not fit all. A non-linear analysis of European monetary transmission"

WP 2014/10 - Junghwan Hyun and Raoul Minetti "Credit reallocation, deleveraging, and financial crises"

WP 2014/09 - Maurizio Iacopetta, Raoul Minetti, and Pietro F. Peretto "Financial markets, industry dynamics, and growth"

WP 2014/08 - Paolo Vitale "Optimal monetary policy for a pessimistic central bank"

WP 2014/07 - Bernardino Quattrociocchi, Pina Murè, and Luca Pasqualino "Creditworthiness assessment for business networks"

WP 2014/06 - Carlo Altavilla and Domenico Giannone "The effectiveness of non-standard monetary policy measures: evidence from survey data"

WP 2014/05 - Clemens J. M. Kool and Daniel L. Thornton "How effective is central bank forward guidance?"

WP 2014/04 - Pierluigi Balduzzi, Emanuele Brancati, and Fabio Schiantarelli "Financial Markets, Banks' Cost of Funding, and Firms' Decisions: Lessons from Two Crises"

WP 2014/03 - Emanuele Brancati "Innovation, financial constraints, and relationship lending: firm-level evidence in times of crisis"

WP 2014/02 - Gerald P. Dwyer, “The Economics of Private Digital Currency”

WP 2014/01 - Giorgio Di Giorgio, Salvatore Nisticò, and Guido Traficante "Fiscal shocks and the exchange rate"

WP 2014/10 - Junghwan Hyun and Raoul Minetti "Credit reallocation, deleveraging, and financial crises"

WP 2013/09 - Giuseppina Mure' "Administrative sanctions for Italian banks: effects on performance (Part One)"

WP 2013/08 - Francesco Minnetti "Local banks and SMEs in the credit market: the crisis provides a strong impetus to rethink the relationship in an evolutionary way"

WP 2013/07 - Alexandra D'Onofrio, Pierluigi Murro "Local banking development and income distribution across Italian provinces"

WP 2013/06 - Paolo Vitale: “Pessimistic Optimal Choice for Risk-averse Agents”

WP 2013/05 - Giorgio Di Giorgio, Guido Traficante: "The transmission of the single monetary policy and its effects on local banks"

WP 2013/04 - Luca Papi, Andrea F. Presbitero, and Alberto Zazzaro: "IMF Lending and Banking Crises"

WP 2013/03 - Andrea Bellucci, Alexander Borisov, Alberto Zazzaro: "Do Banks Price Discriminate Spatially? Evidence from Small Business Lending in Local Credit Markets

WP 2013/02 - Raoul Minetti, Pierluigi Murro, and Susan Chun Zhu: "Family Firms, Corporate Governance, and Export"

WP 2013/01 - Michael Donadelli: "On the Dynamics of Industrial Stock Market Excess Returns"

WP 2012/13 - Enrico Cervellati, Filippo Parrella, and Marco Spallone: "A proposal to revise the questionnaires for customer profiling"

WP 2012/12 - Francesca Bartoli, Giovanni Ferri, Pierluigi Murro, Zeno Rotondi: "SME Financing and the Choice of Lending Technology in Italy: Complementarity or Substitutability?"

WP 2012/11 - Nicola Borri, Marianna Caccavaio, Giorgio Di Giorgio, and Alberto Maria Sorrentino: "Systemic Risk in the European Banking Sector"

WP 2012/10 - Angela Cipollone and Paolo E. Giordani: "Animal Spirits in Entrepreneurial Innovation: Theory and Evidence"

WP 2012/09 - Mohamed Azzim Gulamhussen, Carlos Pinheiro, and Alberto Franco Pozzolo: "Were Multinational Banks Taking Excessive Risks Before the Recent Financial Crisis?"

WP 2012/08 - Francesco Nucci and Alberto Franco Pozzolo: "Exchange Rate, External Orientation of Firms, and Wage Adjustment"

WP 2012/07 - Giovanni Ferri and Pierluigi Murro: "Do Firm-Bank 'Odd Couples' Exacerbate Credit Rationing?"

WP 2012/06 - Mario Comana, Domenico Curcio, Michael Donadelli, and Daniele Frigeri: "The placement and distribution of financial products in Europe"

WP 2012/05 - Gaia Barone: "Equity options, credit default swaps, and leverage: a simple stochastic volatility model for equity and credit derivatives"

WP 2012/04 - Luis Araujo and Raoul Minetti: “Credit Crunches, Asset Prices and Technological Change”

WP 2012/03 - Paolo Vitale: "Linear Risk-Averse Optimal Control Problems: Applications in Economics and Finance"

WP 2012/02 - Marianna Caccavaio, Jacopo Carmassi, Giorgio Di Giorgio, and Marco Spallone: "SMEs and the Challenge to Go Public: Evidence From a Recent Survey"

WP 2012/01 - Michael Donadelli and Lorenzo Prosperi: "The Equity Risk Premium: Empirical Evidence From Emerging Markets"

WP 2011/08 - Alessandro Pandimiglio, Marco Spallone: "The Elasticity of Demand in the Italian Gaming Market: General Framework and Case Analysis of Lotto and Superenalotto"

WP 2011/07 - Salvatore Nisticò: "Optimal Monetary Policy and Stock-Price Dynamics in a non-Ricardian DSGE Model"

WP 2011/06 - Alessandro Pandimiglio, Marco Spallone, and Stefano Marzioni: "Analysis of Demand Elasticity in the Manufactured Tobacco Market in Italy"

WP 2011/05 - Nicola Borri and Filippo Russo: "Sovereign Debt in the Euro Area: Implications for the Management and Distribution of Savings Products"

WP 2011/04 - Giorgio Di Giorgio and Guido Traficante: "The Loss From Uncertainty on Policy Targets"

WP 2011/03 - Alberto Casagrande and Marco Spallone: "An Investigation into the Strategic Implications of Environmental Monitoring"

WP 2011/02 - Stefano Marzioni: "Monetary Policy, Liquidity Stress, and Learning Dynamics"

WP 2011/01 - Giorgio Di Giorgio and Salvatore Nisticò: "Productivity Shocks, Stabilization Policies, and the Dynamics of Net Foreign Assets"