Details about Marco Pagano

E-mail:
Homepage:	http://www.csef.it/people/pagano.htm
Phone:	+39 081 675306
Postal address:	Università di Napoli Federico II, Facoltà di Economia, Via Cintia, Monte S. Angelo, 80126 Napoli, Italy
Workplace:	Centro Studi di Economia e Finanza (CSEF) (Centre for Studies in Economics and Finance), (more information at EDIRC) Centre for Economic Policy Research (CEPR), (more information at EDIRC) Istituto Einaudi per l'Economia e la Finanza (EIEF) (Einaudi Institute for Economic and Finance), (more information at EDIRC)

Access statistics for papers by Marco Pagano.

Last updated 2009-11-15. Update your information in the RePEc Author Service.

Short-id: ppa56

---

Jump to Journal Articles Chapters Editor

Working Papers

2009

1. Corporate Fraud, Governance and Auditing
   CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008)
2. Credit Ratings Failures and Policy Options
   CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy
3. Incentives to Innovate and Social Harm: Laissez-Faire, Authorization or Penalties?
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University (2009)
   CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2009)
4. Inheritance Law and Investment in Family Firms
   CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008)
   Working Papers, Fondazione Eni Enrico Mattei (2009)
5. Legal Standards, Enforcement and Corruption
   CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations
6. Multiple-Bank Lending, Creditor Rights and Information Sharing
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2008)
7. Securitization, Transparency and Liquidity
   CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations
8. Short-Selling Bans around the World: Evidence from the 2007-09 Crisis
   CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy

2008

9. Financial Market Integration Under EMU
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
   Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2008) View citations
10. Households’ Indebtedness and Financial Fragility
    CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy
11. How Does Liquidity Affect Government Bond Yields?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2007)
    Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University (2007)
12. Information Sharing and Credit: Firm-Level Evidence from Transition Countries
    Discussion Papers, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy View citations
    Also in Working Papers, Swiss National Bank (2007)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations
    CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2007) View citations
    See also Journal Article in Journal of Financial Intermediation (2009)

2007

13. Households’ Portfolio Diversification
    CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy
14. Optimal Regulation of Auditing
    CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations
    Also in CESifo Working Paper Series, CESifo Group Munich (2007) View citations

2006

15. Norm Flexibility and Private Initiative
    Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University View citations
    Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2006) View citations
16. Where is the Market? Evidence from Cross-Listings in the U.S
    CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations

2005

17. Role and Effects of Credit Information Sharing
    CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations
18. Searching for Non-Monotonic Effects of Fiscal Policy: New Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2005) View citations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations
    See also Journal Article in Monetary and Economic Studies (2005)
19. Shareholder Protection, Stock Market Development and Politics
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2005) View citations
20. The Modigliani-Miller Theorems: A Cornerstone of Finance
    CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy
21. The Political Economy of Corporate Governance
    CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) View citations
    See also Journal Article in American Economic Review (2005)
22. Valutation, Liquidity and Risk in Government Bond Markets
    Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University View citations
23. Where is the Market? Evidence from Cross-Listings
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations

2004

24. Financial Market Integration and Economic Growth in the EU
    CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations
    See also Journal Article in Economic Policy (2004)
25. The European Bond Markets Under EMU
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2004) View citations
    See also Journal Article in Oxford Review of Economic Policy (2004)

2003

26. IPO underpricing and after-market liquidity
    CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations
    See also Journal Article in Review of Financial Studies (2006)

2002

27. Courts and Banks: Effects of Judicial Enforcement on Credit Markets
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2001) View citations
    See also Journal Article in Journal of Money, Credit and Banking (2005)
28. Managers, Workers and Corporate Control
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    See also Journal Article in Journal of Finance (2005)
29. The Political Economy of Finance
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2001) View citations
    See also Journal Article in Oxford Review of Economic Policy (2001)

2001

30. The Geography of Equity Listing: Why Do Companies List Abroad?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    See also Journal Article in Journal of Finance (2002)
31. What Makes Stock Exchanges Succeed? Evidence from Cross-Listing Decisions
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2000) View citations
    See also Journal Article in European Economic Review (2001)

2000

32. Collateral Vs. Project Screening: A Model Of Lazy Banks
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (1998) View citations
    Working Papers, Centro de Estudios Monetarios Y Financieros- (1998) View citations
33. Information Sharing in Credit Markets: A Survey
    CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations
34. Information Sharing in Credit Markets: The European Experience
    CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations
35. Legal Determinants of the Return on Equity
    CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1999) View citations
36. Searching for Non-Linear Effects of Fiscal Policy: Evidence from Industrial and Developing Countries
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations
    See also Journal Article in European Economic Review (2000)

1999

37. Information Sharing in Credit Markets: International Evidence
    RES Working Papers, Inter-American Development Bank, Research Department View citations
38. Information Sharing, Lending and Defaults: Cross-Country Evidence
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (1999) View citations
    See also Journal Article in Journal of Banking & Finance (2002)
39. Law and Equity Markets: A Simple Model
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (1999) View citations
40. Searching for Non-Keynesian Effects of Fiscal Policy
    CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations
    Also in Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University View citations
41. Sharing Default Information as a Borrower Discipline Device
    Working Papers, Centro de Estudios Monetarios Y Financieros- View citations
    Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (1999) View citations
    CEPR Financial Markets Paper, European Science Foundation Network in Financial Markets, c/o C.E.P.R, 53--56 Great Sutton Street, London EC1V 0DG (1994)
    Working Papers, Boston University - Industry Studies Programme (1996) View citations
    Working Papers, Boston University - Industry Studies Programme (1996) View citations
    See also Journal Article in European Economic Review (2000)

1998

42. The Changing Microstructure of European Equity Markets
    CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations
43. The Determinants of Savings: Lessons from Italy
    CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations
    Also in RES Working Papers, Inter-American Development Bank, Research Department (1997)
44. The Welfare Effects of Liquidity Constraints
    CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1995)
    See also Journal Article in Oxford Economic Papers (1999)

1996

45. Endogenous Communication Among Lenders and Entrepreneurial Incentives
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Working Papers, Centro de Estudios Monetarios Y Financieros- (1994)
    See also Journal Article in Review of Financial Studies (1997)
46. Non-Keynesian Effects of Fiscal Policy Changes: International Evidence and the Swedish Experience
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1995) View citations
47. Why Do Companies Go Public? An Empirical Analysis
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (1995) View citations
    See also Journal Article in Journal of Finance (1998)

1992

48. Saving, Growth and Liquidity Constraints
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    See also Journal Article in The Quarterly Journal of Economics (1994)

1991

49. Auction and Dealership Markets: What is the Difference?
    FMG Discussion Papers, Financial Markets Group
    See also Journal Article in European Economic Review (1992)
50. Dually-Traded Italian Equities: London vs. Milan
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
51. Information Sharing in Credit Markets
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    See also Journal Article in Journal of Finance (1993)

1990

52. Auction Markets, Dealership Markets and Execution Risk
    CEPR Financial Markets Paper, European Science Foundation Network in Financial Markets, c/o C.E.P.R, 53--56 Great Sutton Street, London EC1V 0DG View citations
53. Can Severe Fiscal Contractions Be Expansionary? Tales of Two Small European Countries
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1990) View citations
    Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna (1990) View citations
    See also Chapter (1990)

1989

54. Confidence Crises and Public Debt Management
    Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1989) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (1989) View citations
55. Imperfect Competition, Underemployment Equilibria and Fiscal Policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    See also Journal Article in Economic Journal (1990)

1988

56. Consumption and Capital Market Imperfection: An International Comparison
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    See also Journal Article in American Economic Review (1989)
57. Liquidity-Constrained Households in an Italian Cross-Section
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations

1986

58. Endogenous Market Thinness and Stock Price Volatility
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    See also Journal Article in Review of Economic Studies (1989)
59. Market Size, the Informational Content of Stock Prices and Risk: A Multiasset Model and some Evidence
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
60. The Advantages of Tying One's Hands: EMS Discipline and Central Bank Credibility
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    See also Chapter (1991)
    Journal Article in European Economic Review (1988)
61. Trading Volume and Asset Liquidity
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    See also Journal Article in The Quarterly Journal of Economics (1989)

Journal Articles

2009

1. Change of guard among coeditors
   Review of Finance, 2009, 13, (3), iii-iii
2. Editorial Statistics
   Review of Finance, 2009, 13, (2), iii-iii
   Also in Review of Finance, 2008, 13, (1), iii-iii (2008)
   Review of Finance, 2009, 13, (3), v-v (2009)
   Review of Finance, 2007, 11, (4), iii-iii (2007)
   Review of Finance, 2008, 12, (3), iii-iii (2008)
   Review of Finance, 2007, 11, (3), iii-iii (2007)
   Review of Finance, 2008, 12, (1), iii-iii (2008)
   Review of Finance, 2008, 12, (2), iii-iii (2008)
3. Information sharing and credit: Firm-level evidence from transition countries
   Journal of Financial Intermediation, 2009, 18, (2), 151-172 View citations
   See also Working Paper (2008)
4. Special issue on banking Preface
   Review of Finance, 2009, 13, (2), v-vi

2008

5. Special issue on corporate governance
   Review of Finance, 2008, 12, (1), v-vii
6. Where Is the Market? Evidence from Cross-Listings in the United States
   Review of Financial Studies, 2008, 21, (2), 725-761

2006

7. Alfred Marshall Lecture Shareholder Protection, Stock Market Development, and Politics
   Journal of the European Economic Association, 2006, 4, (2-3), 315-341
8. IPO Underpricing and After-Market Liquidity
   Review of Financial Studies, 2006, 19, (2), 381-421 View citations
   See also Working Paper (2003)
9. Preface
   Review of Finance, 2006, 10, (1), 1-1

2005

10. Courts and Banks: Effects of Judicial Enforcement on Credit Markets
    Journal of Money, Credit and Banking, 2005, 37, (2), 223-44 View citations
    See also Working Paper (2002)
11. Managers, Workers, and Corporate Control
    Journal of Finance, 2005, 60, (2), 841-868 View citations
    See also Working Paper (2002)
12. Searching for Non-monotonic Effects of Fiscal Policy: New Evidence
    Monetary and Economic Studies, 2005, 23, (S1), 197-217 View citations
    See also Working Paper (2005)
13. The Political Economy of Corporate Governance
    American Economic Review, 2005, 95, (4), 1005-1030 View citations
    See also Working Paper (2005)

2004

14. Financial market integration and economic growth in the EU
    Economic Policy, 2004, 19, (40), 523-577 View citations
    See also Working Paper (2004)
15. The European Bond Markets under EMU
    Oxford Review of Economic Policy, 2004, 20, (4), 531-554 View citations
    See also Working Paper (2004)

2002

16. Information sharing, lending and defaults: Cross-country evidence
    Journal of Banking & Finance, 2002, 26, (10), 2017-2045 View citations
    See also Working Paper (1999)
17. The Geography of Equity Listing: Why Do Companies List Abroad?
    Journal of Finance, 2002, 57, (6), 2651-2694 View citations
    See also Working Paper (2001)

2001

18. Collateral versus Project Screening: A Model of Lazy Banks
    RAND Journal of Economics, 2001, 32, (4), 726-44 View citations
19. The Political Economy of Finance
    Oxford Review of Economic Policy, 2001, 17, (4), 502-519 View citations
    See also Working Paper (2002)
20. What makes stock exchanges succeed? Evidence from cross-listing decisions
    European Economic Review, 2001, 45, (4-6), 770-782 View citations
    See also Working Paper (2001)

2000

21. Searching for non-linear effects of fiscal policy: Evidence from industrial and developing countries
    European Economic Review, 2000, 44, (7), 1259-1289 View citations
    See also Working Paper (2000)
22. Sharing default information as a borrower discipline device
    European Economic Review, 2000, 44, (10), 1951-1980 View citations
    See also Working Paper (1999)

1999

23. The Welfare Effects of Liquidity Constraints
    Oxford Economic Papers, 1999, 51, (3), 410-30 View citations
    See also Working Paper (1998)

1998

24. Comment on Berlin and Mester, and Houston and James
    Journal of Banking & Finance, 1998, 22, (6-8), 919-923
25. The Choice Of Stock Ownership Structure: Agency Costs, Monitoring, And The Decision To Go Public
    The Quarterly Journal of Economics, 1998, 113, (1), 187-225 View citations
26. Why Do Companies Go Public? An Empirical Analysis
    Journal of Finance, 1998, 53, (1), 27-64 View citations
    See also Working Paper (1996)

1997

27. Endogenous Communication among Lenders and Entrepreneurial Incentives
    Review of Financial Studies, 1997, 10, (1), 205-36 View citations
    See also Working Paper (1996)

1996

28. The stock market as a source of capital: Some lessons from initial public offerings in Italy
    European Economic Review, 1996, 40, (3-5), 1057-1069 View citations
29. Transparency and Liquidity: A Comparison of Auction and Dealer Markets with Informed Trading
    Journal of Finance, 1996, 51, (2), 579-611 View citations

1994

30. Saving, Growth, and Liquidity Constraints
    The Quarterly Journal of Economics, 1994, 109, (1), 83-109 View citations
    See also Working Paper (1992)

1993

31. Financial markets and growth: An overview
    European Economic Review, 1993, 37, (2-3), 613-622 View citations
32. Information Sharing in Credit Markets
    Journal of Finance, 1993, 48, (5), 1693-1718 View citations
    See also Working Paper (1991)
33. The flotation of companies on the stock market: A coordination failure model
    European Economic Review, 1993, 37, (5), 1101-1125 View citations

1992

34. Auction and dealership markets: What is the difference?
    European Economic Review, 1992, 36, (2-3), 613-623 View citations
    See also Working Paper (1991)
35. Comment [Saving and Capital Market Imperfections: The Italian Experience] [Inflation, Capital Markets and Household Saving in the Nordic Countries]
    Scandinavian Journal of Economics, 1992, 94, (2), 229-31

1990

36. Imperfect Competition, Underemployment Equilibria and Fiscal Policy
    Economic Journal, 1990, 100, (401), 440-63 View citations
    See also Working Paper (1989)

1989

37. Consumption and Capital Market Imperfections: An International Comparison
    American Economic Review, 1989, 79, (5), 1088-1105 View citations
    See also Working Paper (1988)
38. Endogenous Market Thinness and Stock Price Volatility
    Review of Economic Studies, 1989, 56, (2), 269-87 View citations
    See also Working Paper (1986)
39. Trading Volume and Asset Liquidity
    The Quarterly Journal of Economics, 1989, 104, (2), 255-74 View citations
    See also Working Paper (1986)

1988

40. The advantage of tying one's hands: EMS discipline and Central Bank credibility
    European Economic Review, 1988, 32, (5), 1055-1075 View citations
    See also Chapter (1991)
    Working Paper (1986)

1985

41. Relative price variability and inflation: The Italian evidence
    European Economic Review, 1985, 29, (2), 193-223

Chapters

1994

1. Government Incentives and Household Saving in Italy
   A chapter in Public Policies and Household Savings, 1994, pp 105-132 View citations
2. Personal Saving in Italy
   A chapter in International Comparisons of Household Saving, 1994, pp 237-268 View citations

1991

3. The Advantage of Tying One's Hands: EMS Discipline and Central Bank Credibility
   A chapter in International Volatility and Economic Growth: The First Ten Years of The International Seminar on Macroeconomics, 1991, pp 303-330
   See also Working Paper (1986)
   Journal Article in European Economic Review (1988)

1990

4. Can Severe Fiscal Contractions Be Expansionary? Tales of Two Small European Countries
   A chapter in NBER Macroeconomics Annual 1990, Volume 5, 1990, pp 75-122 View citations
   See also Working Paper (1990)

Editor

1. Review of Finance
   Springer
2. Review of Finance
   Oxford University Press for European Finance Association