Details about Leonardo Gambacorta

Postal address:	Bank for International Settlements Monetary and Economics Department Centralbahnplatz 2 CH-4002 Basel Switzerland
Workplace:	Bank for International Settlements (BIS), (more information at EDIRC)

Access statistics for papers by Leonardo Gambacorta.

Last updated 2025-04-24. Update your information in the RePEc Author Service.

Short-id: pga68

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Working Papers

2025

1. Artificial intelligence and human capital: challenges for central banks
   BIS Bulletins, Bank for International Settlements
2. Artificial intelligence and relationship lending
   Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area
   Also in BIS Working Papers, Bank for International Settlements (2025)
3. Crypto-Asset Monitoring Expert Group (CAMEG) 2024 Conference - Book of abstracts
   Occasional Paper Series, European Central Bank
4. Macroprudential and monetary policy tightening: more than a double whammy?
   Working Paper Series, European Central Bank
   Also in BIS Working Papers, Bank for International Settlements (2025)
5. Mutual funds and climate news
   BIS Working Papers, Bank for International Settlements
6. The Risk Sensitivity of Global Liquidity Flows: Heterogeneity, Evolution and Drivers
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in Staff Reports, Federal Reserve Bank of New York (2025)
   BIS Working Papers, Bank for International Settlements (2025)

2024

7. Artificial intelligence in central banking
   BIS Bulletins, Bank for International Settlements
8. Bank specialisation and corporate innovation
   BIS Working Papers, Bank for International Settlements
   Also in Working Paper Research, National Bank of Belgium (2024)
9. CB-LMs: language models for central banking
   BIS Working Papers, Bank for International Settlements View citations (1)
10. Corporate payout policy: Are financial firms different?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in BIS Working Papers, Bank for International Settlements (2024)
11. Decentralised dealers? examining liquidity provision in decentralised exchanges
    BIS Working Papers, Bank for International Settlements View citations (1)
12. Generative AI and labour productivity: a field experiment on coding
    BIS Working Papers, Bank for International Settlements View citations (2)
13. Generative artificial intelligence and cyber security in central banking
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    See also Book Generative artificial intelligence and cyber security in central banking, BIS Papers, Bank for International Settlements (2024) (2024)
    Journal Article Generative Artificial Intelligence and Cyber Security in Central Banking, Journal of Financial Regulation, Oxford University Press (2025) (2025)
14. Intelligent financial system: how AI is transforming finance
    BIS Working Papers, Bank for International Settlements View citations (2)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2024)
15. Regulatory Sandboxes and Fintech Funding: Evidence from the UK
    Post-Print, HAL
    See also Journal Article Regulatory Sandboxes and Fintech Funding: Evidence from the UK*, Review of Finance, European Finance Association (2024) (2024)
16. Stablecoins, money market funds and monetary policy
    Working Paper Series, European Central Bank View citations (1)
    Also in BIS Working Papers, Bank for International Settlements (2024)
    See also Journal Article Stablecoins, money market funds and monetary policy, Economics Letters, Elsevier (2025) View citations (1) (2025)
17. Survey evidence on gen AI and households: job prospects amid trust concerns
    BIS Bulletins, Bank for International Settlements
18. The gen AI gender gap
    BIS Working Papers, Bank for International Settlements View citations (2)
    See also Journal Article The gen AI gender gap, Economics Letters, Elsevier (2024) View citations (2) (2024)
19. The impact of artificial intelligence on output and inflation
    BIS Working Papers, Bank for International Settlements View citations (1)
20. Why DeFi lending? Evidence from Aave V2
    BIS Working Papers, Bank for International Settlements View citations (2)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2024)

2023

21. Big Techs and the Credit Channel of Monetary Policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in BIS Working Papers, Bank for International Settlements (2023) View citations (5)
22. Big techs in finance
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in BIS Working Papers, Bank for International Settlements (2023) View citations (1)
23. Climate tech 2.0: social efficiency versus private returns
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in BIS Working Papers, Bank for International Settlements (2023)
24. Crypto Trading and Bitcoin Prices: Evidence from a New Database of Retail Adoption
    CESifo Working Paper Series, CESifo View citations (7)
    Also in BIS Working Papers, Bank for International Settlements (2022) View citations (13)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2023)
25. Crypto shocks and retail losses
    BIS Bulletins, Bank for International Settlements
26. Do banks practice what they preach? Brown lending and environmental disclosure in the euro area
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in BIS Working Papers, Bank for International Settlements (2023) View citations (1)
    Working Paper Series, European Central Bank (2023)
27. FinTech, Investor Sophistication and Financial Portfolio Choices
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute
    Also in Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area (2023)
    BIS Working Papers, Bank for International Settlements (2023)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2023)
    See also Journal Article FinTech, Investor Sophistication, and Financial Portfolio Choices, The Review of Corporate Finance Studies, Society for Financial Studies (2023) (2023)
28. Financial structure and income inequality
    Post-Print, HAL View citations (10)
    Also in BIS Working Papers, Bank for International Settlements (2018) View citations (24)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (21)
    See also Journal Article Financial structure and income inequality, Journal of International Money and Finance, Elsevier (2023) View citations (10) (2023)
29. Fintech vs bank credit: How do they react to monetary policy?
    BIS Working Papers, Bank for International Settlements
    See also Journal Article Fintech vs bank credit: How do they react to monetary policy?, Economics Letters, Elsevier (2024) View citations (3) (2024)
30. How effective are bad bank resolutions? New evidence from Europe
    Post-Print, HAL View citations (1)
    See also Journal Article How effective are bad bank resolutions? New evidence from Europe, Journal of Financial Stability, Elsevier (2023) View citations (2) (2023)
31. Platform Lending and Innovation
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in BIS Working Papers, Bank for International Settlements (2023)
32. Privacy regulation and fintech lending
    BIS Working Papers, Bank for International Settlements View citations (7)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2023)
33. Supervisory Policy Stimulus: Evidence from the Euro Area Dividend Recommendation
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Working Paper Series, European Central Bank (2023) View citations (10)
    BIS Working Papers, Bank for International Settlements (2023) View citations (12)
34. The oracle problem and the future of DeFi
    BIS Bulletins, Bank for International Settlements
35. The tokenisation continuum
    BIS Bulletins, Bank for International Settlements

2022

36. Big Techs vs Banks
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in BIS Working Papers, Bank for International Settlements (2022) View citations (2)
37. Big data in Asian central banks
    IFC Working Papers, Bank for International Settlements
    See also Journal Article Big Data in Asian Central Banks, Asian Economic Policy Review, Japan Center for Economic Research (2022) View citations (2) (2022)
38. Big techs, QR code payments and financial inclusion
    BIS Working Papers, Bank for International Settlements View citations (15)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)
39. Central banks, the monetary system and public payment infrastructures: lessons from Brazil's Pix
    BIS Bulletins, Bank for International Settlements
40. Cyber risk in central banking
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in BIS Working Papers, Bank for International Settlements (2022) View citations (6)
41. Does gender diversity in the workplace mitigate climate change?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Working Paper Series, European Central Bank (2022) View citations (30)
    BIS Working Papers, Bank for International Settlements (2021)
    See also Journal Article Does gender diversity in the workplace mitigate climate change?, Journal of Corporate Finance, Elsevier (2022) View citations (29) (2022)
42. Gender diversity in bank boardrooms and green lending: Evidence from euro area credit register data
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in BIS Working Papers, Bank for International Settlements (2022) View citations (4)
    Working Paper Series, European Central Bank (2022) View citations (3)
43. The Impact of Fintech Lending on Credit Access for U.S. Small Businesses
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2022) View citations (4)
    BIS Working Papers, Bank for International Settlements (2022) View citations (6)
    See also Journal Article The impact of fintech lending on credit access for U.S. small businesses, Journal of Financial Stability, Elsevier (2024) View citations (1) (2024)

2021

44. Asymmetric information and the securitization of SME loans
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (3)
    Also in BIS Working Papers, Bank for International Settlements (2017) View citations (13)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (9)
    Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (2016) View citations (6)
    See also Journal Article Asymmetric information and the securitization of SME loans, European Economic Review, Elsevier (2025) (2025)
45. Big data and machine learning in central banking
    BIS Working Papers, Bank for International Settlements View citations (14)
46. Big techs in finance: on the new nexus between data privacy and competition
    BIS Working Papers, Bank for International Settlements View citations (6)
    See also Chapter Big Techs in Finance: On the New Nexus Between Data Privacy and Competition, Springer Books, Springer (2021) View citations (5) (2021)
47. Central bank digital currencies: motives, economic implications and the research frontier
    BIS Working Papers, Bank for International Settlements View citations (9)
    See also Journal Article Central Bank Digital Currencies: Motives, Economic Implications, and the Research Frontier, Annual Review of Economics, Annual Reviews (2022) View citations (40) (2022)
48. Covid-19 and cyber risk in the financial sector
    BIS Bulletins, Bank for International Settlements
49. Do macroprudential policies affect non-bank financial intermediation?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (17)
    Also in BIS Working Papers, Bank for International Settlements (2021) View citations (21)
    See also Journal Article Do Macroprudential Policies Affect Non-bank Financial Intermediation?, International Journal of Central Banking, International Journal of Central Banking (2023) View citations (3) (2023)
50. E-commerce in the pandemic and beyond
    BIS Bulletins, Bank for International Settlements View citations (3)
51. Platform-based business models and financial inclusion
    BIS Working Papers, Bank for International Settlements
52. Technological capacity and firms' recovery from Covid-19
    BIS Working Papers, Bank for International Settlements View citations (1)
    See also Journal Article Technological capacity and firms’ recovery from Covid-19, Economics Letters, Elsevier (2021) (2021)
53. The fintech gender gap
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    Also in BIS Working Papers, Bank for International Settlements (2021) View citations (24)
    See also Journal Article The fintech gender gap, Journal of Financial Intermediation, Elsevier (2023) View citations (26) (2023)
54. Trade sentiment and the stock market: new evidence based on big data textual analysis of Chinese media
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)
    Also in BIS Working Papers, Bank for International Settlements (2021) View citations (7)
55. Use of big data sources and applications at central banks
    IFC Reports, Bank for International Settlements

2020

56. Bad bank resolutions and bank lending
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)
    Also in BIS Working Papers, Bank for International Settlements (2020) View citations (8)
57. Bank intermediation activity in a low‐interest‐rate environment
    Post-Print, HAL View citations (13)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (31)
    See also Journal Article Bank intermediation activity in a low‐interest‐rate environment, Economic Notes, Banca Monte dei Paschi di Siena SpA (2020) View citations (17) (2020)
58. Covid-19 and regional employment in Europe
    BIS Bulletins, Bank for International Settlements View citations (12)
59. Data vs collateral
    BIS Working Papers, Bank for International Settlements View citations (1)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (2)
60. Dollar borrowing, firm-characteristics, and FX-hedged funding opportunities
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    Also in BIS Working Papers, Bank for International Settlements (2020) View citations (3)
    Working Papers, Banco de España (2020) View citations (2)
61. Fintech and big tech credit: a new database
    BIS Working Papers, Bank for International Settlements View citations (71)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (72)
62. Foreign Banks, Liquidity Shocks, and Credit Stability
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
    Also in BIS Working Papers, Bank for International Settlements (2020) View citations (1)
    See also Journal Article Foreign Banks, Liquidity Shocks, and Credit Stability, The Review of Corporate Finance Studies, Society for Financial Studies (2023) View citations (1) (2023)
63. Identifying regions at risk with Google Trends: the impact of Covid-19 on US labour markets
    BIS Bulletins, Bank for International Settlements View citations (6)
64. Inside the Regulatory Sandbox: Effects on Fintech Funding
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)
    Also in BIS Working Papers, Bank for International Settlements (2020) View citations (8)
65. Investors' risk attitudes in the pandemic and the stock market: new evidence based on internet searches
    BIS Bulletins, Bank for International Settlements View citations (11)
66. Low price-to-book ratios and bank dividend payout policies
    BIS Working Papers, Bank for International Settlements View citations (8)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (5)
67. On health and privacy: technology to combat the pandemic
    BIS Bulletins, Bank for International Settlements View citations (3)
68. Operational and cyber risks in the financial sector
    BIS Working Papers, Bank for International Settlements View citations (13)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (10)
    See also Journal Article Operational and Cyber Risks in the Financial Sector, International Journal of Central Banking, International Journal of Central Banking (2023) View citations (1) (2023)
69. The Matthew effect and modern finance: on the nexus between wealth inequality, financial development and financial technology
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
    Also in Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area (2020) View citations (5)
    BIS Working Papers, Bank for International Settlements (2020) View citations (6)
70. The drivers of cyber risk
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (16)
    Also in BIS Working Papers, Bank for International Settlements (2020) View citations (19)
    See also Journal Article The drivers of cyber risk, Journal of Financial Stability, Elsevier (2022) View citations (22) (2022)

2019

71. BigTech and the changing structure of financial intermediation
    BIS Working Papers, Bank for International Settlements View citations (155)
    See also Journal Article BigTech and the changing structure of financial intermediation, Economic Policy, CEPR, CESifo, Sciences Po (2019) View citations (136) (2019)
72. How do bank-specific characteristics affect lending? New evidence based on credit registry data from Latin America
    BIS Working Papers, Bank for International Settlements
    See also Journal Article How do bank-specific characteristics affect lending? New evidence based on credit registry data from Latin America, Journal of Banking & Finance, Elsevier (2022) View citations (4) (2022)
73. How do machine learning and non-traditional data affect credit scoring? New evidence from a Chinese fintech firm
    BIS Working Papers, Bank for International Settlements View citations (47)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (44)
    See also Journal Article How do machine learning and non-traditional data affect credit scoring? New evidence from a Chinese fintech firm, Journal of Financial Stability, Elsevier (2024) View citations (2) (2024)
74. The Cost of Steering in Financial Markets: Evidence from the Mortgage Market
    Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (4)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (15)
    BIS Working Papers, Bank for International Settlements (2019) View citations (4)
    See also Journal Article The cost of steering in financial markets: Evidence from the mortgage market, Journal of Financial Economics, Elsevier (2022) View citations (12) (2022)

2018

75. How Post-crisis Regulation Has Affected Bank CEO Compensation
    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 (2017) View citations (3)
    BIS Working Papers, Bank for International Settlements (2017) View citations (5)
    Working Papers, University of Milano-Bicocca, Department of Economics (2018) View citations (6)
    See also Journal Article How post-crisis regulation has affected bank CEO compensation, Journal of International Money and Finance, Elsevier (2020) View citations (19) (2020)
76. The effects of prudential regulation, financial development and financial openness on economic growth
    BIS Working Papers, Bank for International Settlements View citations (11)

2017

77. Changing business models in international bank funding
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    Also in BIS Working Papers, Bank for International Settlements (2017) View citations (2)
    Working Papers, Banco de España (2017) View citations (2)
    See also Journal Article CHANGING BUSINESS MODELS IN INTERNATIONAL BANK FUNDING, Economic Inquiry, Western Economic Association International (2019) View citations (3) (2019)
78. La politique macroprudentielle dans une union monétaire
    Document de travail, Bank Al-Maghrib, Département de la Recherche
79. Leverage and Risk Weighted Capital Requirements
    Working Papers REM, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa View citations (4)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) View citations (6)
    Working Papers, Banco de Portugal, Economics and Research Department (2016) View citations (6)
    BIS Working Papers, Bank for International Settlements (2016) View citations (7)
    See also Journal Article Leverage and Risk-Weighted Capital Requirements, International Journal of Central Banking, International Journal of Central Banking (2018) View citations (15) (2018)
80. Macroprudential Policy in a Monetary Union
    Document de travail, Bank Al-Maghrib, Département de la Recherche View citations (3)
    See also Journal Article Macroprudential Policy in a Monetary Union, Comparative Economic Studies, Palgrave Macmillan (2019) View citations (8) (2019)
81. Macroprudential policy and bank risk
    BIS Working Papers, Bank for International Settlements View citations (19)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (18)
    See also Journal Article Macroprudential policy and bank risk, Journal of International Money and Finance, Elsevier (2018) View citations (111) (2018)
82. Monetary policy and bank lending in a low interest rate environment: diminishing effectiveness?
    BIS Working Papers, Bank for International Settlements View citations (144)
    See also Journal Article Monetary policy and bank lending in a low interest rate environment: Diminishing effectiveness?, Journal of Macroeconomics, Elsevier (2017) View citations (144) (2017)
83. The Cost of Distorted Financial Advice - Evidence from the Mortgage Market
    EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) View citations (8)
84. The International Dimensions of Macroprudential Policies
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)
    Also in BIS Working Papers, Bank for International Settlements (2017) View citations (7)
85. The Shifting Drivers of Global Liquidity
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (57)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (57)
    BIS Working Papers, Bank for International Settlements (2017) View citations (62)
    Staff Reports, Federal Reserve Bank of New York (2017) View citations (40)
    See also Journal Article The shifting drivers of global liquidity, Journal of International Economics, Elsevier (2020) View citations (63) (2020)
86. The effects of tax on bank liability structure
    BIS Working Papers, Bank for International Settlements View citations (16)
    Also in Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (2017) View citations (16)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (16)
87. The impact of macroprudential policies and their interaction with monetary policy: an empirical analysis using credit registry
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (26)
88. The impact of macroprudential policies and their interaction with monetary policy: an empirical analysis using credit registry data
    BIS Working Papers, Bank for International Settlements View citations (31)
    See also Chapter The impact of macroprudential policies and their interaction with monetary policy: an empirical analysis using credit registry data, IFC Bulletins chapters, Bank for International Settlements (2019) View citations (12) (2019)
89. The real effects of relationship lending
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (30)
    Also in Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (2017) View citations (29)
    BIS Working Papers, Bank for International Settlements (2017) View citations (32)
90. U.S. Monetary Policy as a Changing Driver of Global Liquidity
    Liberty Street Economics, Federal Reserve Bank of New York

2016

91. Are bank capital ratios pro-cyclical? New evidence and perspectives
    Post-Print, HAL View citations (57)
    See also Journal Article Are bank capital ratios pro-cyclical? New evidence and perspectives, Economic Policy, CEPR, CESifo, Sciences Po (2016) View citations (68) (2016)
92. Bank Lending and Loan Quality: The Case of India
    Working Papers, eSocialSciences View citations (8)
    Also in BIS Working Papers, Bank for International Settlements (2016) View citations (14)
93. Why bank capital matters for monetary policy
    BIS Working Papers, Bank for International Settlements View citations (114)
    See also Journal Article Why bank capital matters for monetary policy, Journal of Financial Intermediation, Elsevier (2018) View citations (215) (2018)

2015

94. Relationship and Transaction Lending in a Crisis
    Working Papers, Barcelona School of Economics View citations (288)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (60)
    BIS Working Papers, Bank for International Settlements (2013) View citations (57)
    Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (2013) View citations (55)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (55)
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2013) View citations (57)
    See also Journal Article Relationship and Transaction Lending in a Crisis, The Review of Financial Studies, Society for Financial Studies (2016) View citations (290) (2016)
95. The Supply Side of Household Finance
    EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) View citations (22)
    Also in BIS Working Papers, Bank for International Settlements (2015) View citations (21)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (21)
    Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (2015) View citations (21)
    See also Journal Article The Supply Side of Household Finance, The Review of Financial Studies, Society for Financial Studies (2019) View citations (23) (2019)
96. The influence of monetary policy on bank profitability
    BIS Working Papers, Bank for International Settlements View citations (82)
    See also Journal Article The influence of monetary policy on bank profitability, International Finance, Wiley Blackwell (2017) View citations (213) (2017)

2014

97. Has the transmission of policy rates to lending rates been impaired by the Global Financial Crisis?
    BIS Working Papers, Bank for International Settlements View citations (23)
98. The leverage ratio over the cycle
    BIS Working Papers, Bank for International Settlements View citations (35)

2013

99. Rescue packages and bank lending
    Post-Print, HAL View citations (100)
    Also in BIS Working Papers, Bank for International Settlements (2011) View citations (33)
    See also Journal Article Rescue packages and bank lending, Journal of Banking & Finance, Elsevier (2013) View citations (112) (2013)
100. Should monetary policy lean against the wind? - an analysis based on a DSGE model with banking
     BIS Working Papers, Bank for International Settlements View citations (20)
     Also in Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (2013) View citations (10)
     See also Journal Article Should monetary policy lean against the wind?, Journal of Economic Dynamics and Control, Elsevier (2014) View citations (116) (2014)
101. Structural bank regulation initiatives: approaches and implications
     BIS Working Papers, Bank for International Settlements View citations (67)
     See also Journal Article Structural bank regulation initiatives: approaches and implications, BANCARIA, Bancaria Editrice (2013) View citations (64) (2013)
102. Understanding Global Liquidity
     BIS Working Papers, Bank for International Settlements View citations (20)
     Also in Discussion Papers, Deutsche Bundesbank (2013) View citations (21)
     See also Journal Article Understanding global liquidity, European Economic Review, Elsevier (2014) View citations (65) (2014)

2012

103. Do bank characteristics influence the effect of monetary policy on bank risk?
     Working Paper Series, European Central Bank View citations (79)
     See also Journal Article Do bank characteristics influence the effect of monetary policy on bank risk?, Economics Letters, Elsevier (2012) View citations (80) (2012)
104. Does monetary policy affect bank risk?
     Working Papers, Bangor Business School, Prifysgol Bangor University (Cymru / Wales) View citations (3)
     See also Journal Article Does Monetary Policy Affect Bank Risk?, International Journal of Central Banking, International Journal of Central Banking (2014) View citations (201) (2014)
105. Monetary policy in a downturn: Are financial crises special?
     BIS Working Papers, Bank for International Settlements View citations (51)
     See also Journal Article Monetary Policy in a Downturn: Are Financial Crises Special?, International Finance, Wiley Blackwell (2014) View citations (50) (2014)
106. The Effectiveness of Unconventional Monetary Policy at the Zero Lower Bound: A Cross-Country Analysis
     BIS Working Papers, Bank for International Settlements View citations (63)
     Also in Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium, Ghent University, Faculty of Economics and Business Administration (2011) View citations (37)
     See also Journal Article The Effectiveness of Unconventional Monetary Policy at the Zero Lower Bound: A Cross‐Country Analysis, Journal of Money, Credit and Banking, Blackwell Publishing (2014) View citations (420) (2014)

2011

107. BASEL III: Long-term impact on economic performance and fluctuations
     BIS Working Papers, Bank for International Settlements View citations (71)
     Also in Working papers, Banque de France (2011) View citations (81)
     Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area (2011) View citations (65)
     Staff Reports, Federal Reserve Bank of New York (2011) View citations (74)
     See also Journal Article Basel III: Long-term Impact on Economic Performance and Fluctuations, Manchester School, University of Manchester (2015) View citations (56) (2015)
108. Bank heterogeneity and interest rate setting: What lessons have we learned since Lehman Brothers?
     BIS Working Papers, Bank for International Settlements View citations (20)
     Also in Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (2011) View citations (17)
     See also Journal Article Bank Heterogeneity and Interest Rate Setting: What Lessons Have We Learned since Lehman Brothers?, Journal of Money, Credit and Banking, Blackwell Publishing (2014) View citations (54) (2014)
109. Securitization is not that evil after all
     Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (18)
     Also in BIS Working Papers, Bank for International Settlements (2011) View citations (15)
110. The bank lending channel: lessons from the crisis
     BIS Working Papers, Bank for International Settlements View citations (346)
     Also in Working Paper Series, European Central Bank (2011) View citations (342)
     See also Journal Article The bank lending channel: lessons from the crisis, Economic Policy, CEPR, CESifo, Sciences Po (2011) View citations (289) (2011)

2010

111. Countercyclical capital buffers: exploring options
     BIS Working Papers, Bank for International Settlements View citations (237)
112. Does monetary policy affect bank risk-taking?
     Working Paper Series, European Central Bank View citations (219)
     Also in BIS Working Papers, Bank for International Settlements (2010) View citations (228)

2009

113. Bank risk and monetary policy
     Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (43)
     Also in Working Paper Series, European Central Bank (2009) View citations (46)
     See also Journal Article Bank risk and monetary policy, Journal of Financial Stability, Elsevier (2010) View citations (312) (2010)
114. Mutual Guarantee Institutions and Small Business Finance
     Discussion Paper, Tilburg University, Center for Economic Research View citations (3)
     Also in BIS Working Papers, Bank for International Settlements (2009) View citations (5)
     Other publications TiSEM, Tilburg University, School of Economics and Management (2009) View citations (2)
     Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (2009) View citations (15)
     See also Journal Article Mutual guarantee institutions and small business finance, Journal of Financial Stability, Elsevier (2010) View citations (42) (2010)
115. The effects of mutual guarantee consortia on the quality of bank lending
     MPRA Paper, University Library of Munich, Germany View citations (9)

2008

116. Firms as monitor of other firms: mutual guarantee institutions and SME finance
     MPRA Paper, University Library of Munich, Germany View citations (4)
117. Securitization and the bank lending channel
     Proceedings, Federal Reserve Bank of Chicago View citations (4)
     Also in Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (2007) View citations (24)
     Working Paper Series, European Central Bank (2007) View citations (47)
     See also Journal Article Securitisation and the bank lending channel, European Economic Review, Elsevier (2009) View citations (189) (2009)

2007

118. Bank profitability and taxation
     Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (2)
     Also in Computing in Economics and Finance 2006, Society for Computational Economics (2006) View citations (2)
     See also Journal Article Bank profitability and taxation, Journal of Banking & Finance, Elsevier (2010) View citations (60) (2010)
119. Modelling bank lending in the euro area: A non-linear approach
     Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (7)
     See also Journal Article Modelling bank lending in the euro area: a nonlinear approach, Applied Financial Economics, Taylor & Francis Journals (2010) View citations (18) (2010)

2006

120. Bank profitability and the business cycle
     Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (29)
     See also Journal Article Bank profitability and the business cycle, Journal of Financial Stability, Elsevier (2009) View citations (285) (2009)

2005

121. Are there asymmetries in the response of bank interest rates monetary shocks?
     Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (16)
     See also Journal Article Are there asymmetries in the response of bank interest rates to monetary shocks?, Applied Economics, Taylor & Francis Journals (2007) View citations (51) (2007)
122. How Do Banks Set Interest Rates?
     Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (12)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (63)
     See also Journal Article How do banks set interest rates?, European Economic Review, Elsevier (2008) View citations (204) (2008)
123. Regulation, formal and informal enforcement and the development of the household loan market. Lessons from Italy
     Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (27)

2004

124. Un modello dei conti economici per il sistema bancario italiano
     Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (4)

2003

125. Bank Capital and Lending Behaviour: Empirical Evidence for Italy
     Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (25)

2002

126. Financial Systems and the Role of Banks in Monetary Policy Transmission in the Euro Area
     Working papers, Banque de France View citations (13)
     Also in Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank (2001) View citations (163)
     Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (2001) View citations (68)
     Working Papers, Banco de España (2001) View citations (170)
     Working Paper Series, European Central Bank (2001) View citations (205)

2001

127. Bank-Specific Characteristics and Monetary Policy Transmission: The Case of Italy
     Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (22)
     Also in Working Paper Series, European Central Bank (2001) View citations (23)

2000

128. La "credit view" in economia aperta: un�applicazione al caso italiano
     Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (4)

1999

129. What Is the Optimal Institutional Arrangement for a Monetary Union?
     Working Papers, Banca Italia - Servizio di Studi View citations (1)
     Also in Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (1999) View citations (1)

1998

130. Heterogeneous "Credit Channels" and Optimal Monetary Policy in a Monetary Union
     Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (3)
     Also in Economic Research Papers, University of Warwick - Department of Economics (1997)
     Working Papers, Banca Italia - Servizio di Studi (1998) View citations (3)
     The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (1997)

Journal Articles

2025

1. Asymmetric information and the securitization of SME loans
   European Economic Review, 2025, 177, (C)
   See also Working Paper Asymmetric information and the securitization of SME loans, Swiss Finance Institute Research Paper Series (2021) View citations (3) (2021)
2. Generative Artificial Intelligence and Cyber Security in Central Banking
   Journal of Financial Regulation, 2025, 11, (1), 119-128
   See also Working Paper Generative artificial intelligence and cyber security in central banking, CEPR Discussion Papers (2024) (2024)
   Book Generative artificial intelligence and cyber security in central banking, BIS Papers, 2024 (2024) (2024)
3. Stablecoins, money market funds and monetary policy
   Economics Letters, 2025, 247, (C) View citations (1)
   See also Working Paper Stablecoins, money market funds and monetary policy, Working Paper Series (2024) View citations (1) (2024)

2024

4. Fintech vs bank credit: How do they react to monetary policy?
   Economics Letters, 2024, 234, (C) View citations (3)
   See also Working Paper Fintech vs bank credit: How do they react to monetary policy?, BIS Working Papers (2023) (2023)
5. How do machine learning and non-traditional data affect credit scoring? New evidence from a Chinese fintech firm
   Journal of Financial Stability, 2024, 73, (C) View citations (2)
   See also Working Paper How do machine learning and non-traditional data affect credit scoring? New evidence from a Chinese fintech firm, BIS Working Papers (2019) View citations (47) (2019)
6. Regulatory Sandboxes and Fintech Funding: Evidence from the UK*
   Review of Finance, 2024, 28, (1), 203-233
   See also Working Paper Regulatory Sandboxes and Fintech Funding: Evidence from the UK, Post-Print (2024) (2024)
7. The gen AI gender gap
   Economics Letters, 2024, 241, (C) View citations (2)
   See also Working Paper The gen AI gender gap, BIS Working Papers (2024) View citations (2) (2024)
8. The impact of fintech lending on credit access for U.S. small businesses
   Journal of Financial Stability, 2024, 73, (C) View citations (1)
   See also Working Paper The Impact of Fintech Lending on Credit Access for U.S. Small Businesses, CEPR Discussion Papers (2022) (2022)

2023

9. A new tool in the box: dividend restrictions as supervisory policy stimulus
   Research Bulletin, 2023, 107
10. Buy now, pay later: a cross-country analysis
    BIS Quarterly Review, 2023 View citations (3)
11. Data versus Collateral*
    Review of Finance, 2023, 27, (2), 369-398 View citations (11)
12. Do Macroprudential Policies Affect Non-bank Financial Intermediation?
    International Journal of Central Banking, 2023, 19, (5), 185-236 View citations (3)
    See also Working Paper Do macroprudential policies affect non-bank financial intermediation?, CEPR Discussion Papers (2021) View citations (17) (2021)
13. FinTech, Investor Sophistication, and Financial Portfolio Choices
    The Review of Corporate Finance Studies, 2023, 12, (4), 834-866
    See also Working Paper FinTech, Investor Sophistication and Financial Portfolio Choices, Swiss Finance Institute Research Paper Series (2023) (2023)
14. Financial structure and income inequality
    Journal of International Money and Finance, 2023, 131, (C) View citations (10)
    See also Working Paper Financial structure and income inequality, Post-Print (2023) View citations (10) (2023)
15. Fintech and big tech credit: Drivers of the growth of digital lending
    Journal of Banking & Finance, 2023, 148, (C) View citations (37)
16. Foreign Banks, Liquidity Shocks, and Credit Stability
    The Review of Corporate Finance Studies, 2023, 12, (1), 131-169 View citations (1)
    See also Working Paper Foreign Banks, Liquidity Shocks, and Credit Stability, CEPR Discussion Papers (2020) View citations (1) (2020)
17. How effective are bad bank resolutions? New evidence from Europe
    Journal of Financial Stability, 2023, 67, (C) View citations (2)
    See also Working Paper How effective are bad bank resolutions? New evidence from Europe, Post-Print (2023) View citations (1) (2023)
18. Operational and Cyber Risks in the Financial Sector
    International Journal of Central Banking, 2023, 19, (5), 340-402 View citations (1)
    See also Working Paper Operational and cyber risks in the financial sector, BIS Working Papers (2020) View citations (13) (2020)
19. Platform-Based Business Models and Financial Inclusion: Policy Trade-Offs and Approaches1
    Journal of Competition Law and Economics, 2023, 19, (1), 75-102 View citations (2)
20. The fintech gender gap
    Journal of Financial Intermediation, 2023, 54, (C) View citations (26)
    See also Working Paper The fintech gender gap, CEPR Discussion Papers (2021) View citations (2) (2021)

2022

21. Big Data in Asian Central Banks
    Asian Economic Policy Review, 2022, 17, (2), 255-269 View citations (2)
    See also Working Paper Big data in Asian central banks, IFC Working Papers (2022) (2022)
22. Central Bank Digital Currencies: Motives, Economic Implications, and the Research Frontier
    Annual Review of Economics, 2022, 14, (1), 697-721 View citations (40)
    See also Working Paper Central bank digital currencies: motives, economic implications and the research frontier, BIS Working Papers (2021) View citations (9) (2021)
23. Does gender diversity in the workplace mitigate climate change?
    Journal of Corporate Finance, 2022, 77, (C) View citations (29)
    See also Working Paper Does gender diversity in the workplace mitigate climate change?, CEPR Discussion Papers (2022) (2022)
24. How do bank-specific characteristics affect lending? New evidence based on credit registry data from Latin America
    Journal of Banking & Finance, 2022, 135, (C) View citations (4)
    See also Working Paper How do bank-specific characteristics affect lending? New evidence based on credit registry data from Latin America, BIS Working Papers (2019) (2019)
25. On the nexus between wealth inequality, financial development and financial technology
    Journal of Economic Behavior & Organization, 2022, 202, (C), 429-451 View citations (11)
26. The cost of steering in financial markets: Evidence from the mortgage market
    Journal of Financial Economics, 2022, 143, (3), 1209-1226 View citations (12)
    See also Working Paper The Cost of Steering in Financial Markets: Evidence from the Mortgage Market, Temi di discussione (Economic working papers) (2019) View citations (4) (2019)
27. The drivers of cyber risk
    Journal of Financial Stability, 2022, 60, (C) View citations (22)
    See also Working Paper The drivers of cyber risk, CEPR Discussion Papers (2020) View citations (16) (2020)

2021

28. Assessing the Gains from International Macroprudential Policy Cooperation
    Journal of Money, Credit and Banking, 2021, 53, (7), 1819-1866 View citations (6)
29. Dollar borrowing, firm credit risk, and FX-hedged funding opportunities
    Journal of Corporate Finance, 2021, 68, (C) View citations (3)
30. Fintech and Big Tech Credit: What Explains the Rise of Digital Lending?
    CESifo Forum, 2021, 22, (02), 30-34 View citations (4)
31. Tax effects on bank liability structure
    European Economic Review, 2021, 138, (C) View citations (4)
32. Technological capacity and firms’ recovery from Covid-19
    Economics Letters, 2021, 209, (C)
    See also Working Paper Technological capacity and firms' recovery from Covid-19, BIS Working Papers (2021) View citations (1) (2021)
33. The real effects of relationship lending✰
    Journal of Financial Intermediation, 2021, 48, (C) View citations (15)

2020

34. Bank intermediation activity in a low‐interest‐rate environment
    Economic Notes, 2020, 49, (2) View citations (17)
    See also Working Paper Bank intermediation activity in a low‐interest‐rate environment, Post-Print (2020) View citations (13) (2020)
35. How post-crisis regulation has affected bank CEO compensation
    Journal of International Money and Finance, 2020, 104, (C) View citations (19)
    See also Working Paper How Post-crisis Regulation Has Affected Bank CEO Compensation, CSEF Working Papers (2018) (2018)
36. On the effects of macroprudential policies on Growth-at-Risk
    Economics Letters, 2020, 196, (C) View citations (26)
37. The impact of macroprudential policies in Latin America: An empirical analysis using credit registry data
    Journal of Financial Intermediation, 2020, 42, (C) View citations (53)
38. The shifting drivers of global liquidity
    Journal of International Economics, 2020, 125, (C) View citations (63)
    See also Working Paper The Shifting Drivers of Global Liquidity, NBER Working Papers (2017) View citations (57) (2017)

2019

39. Bank lending and loan quality: an emerging economy perspective
    Empirical Economics, 2019, 57, (1), 1-29 View citations (8)
40. BigTech and the changing structure of financial intermediation
    Economic Policy, 2019, 34, (100), 761-799 View citations (136)
    See also Working Paper BigTech and the changing structure of financial intermediation, BIS Working Papers (2019) View citations (155) (2019)
41. CHANGING BUSINESS MODELS IN INTERNATIONAL BANK FUNDING
    Economic Inquiry, 2019, 57, (2), 1038-1055 View citations (3)
    See also Working Paper Changing business models in international bank funding, CEPR Discussion Papers (2017) View citations (2) (2017)
42. Macroprudential Policy in a Monetary Union
    Comparative Economic Studies, 2019, 61, (2), 195-212 View citations (8)
    See also Working Paper Macroprudential Policy in a Monetary Union, Document de travail (2017) View citations (3) (2017)
43. The Supply Side of Household Finance
    The Review of Financial Studies, 2019, 32, (10), 3762-3798 View citations (23)
    See also Working Paper The Supply Side of Household Finance, EIEF Working Papers Series (2015) View citations (22) (2015)

2018

44. Leverage and Risk-Weighted Capital Requirements
    International Journal of Central Banking, 2018, 14, (5), 153-191 View citations (15)
    See also Working Paper Leverage and Risk Weighted Capital Requirements, Working Papers REM (2017) View citations (4) (2017)
45. Macroprudential policy and bank risk
    Journal of International Money and Finance, 2018, 81, (C), 203-220 View citations (111)
    See also Working Paper Macroprudential policy and bank risk, BIS Working Papers (2017) View citations (19) (2017)
46. Why bank capital matters for monetary policy
    Journal of Financial Intermediation, 2018, 35, (PB), 17-29 View citations (215)
    See also Working Paper Why bank capital matters for monetary policy, BIS Working Papers (2016) View citations (114) (2016)

2017

47. Monetary policy and bank lending in a low interest rate environment: Diminishing effectiveness?
    Journal of Macroeconomics, 2017, 54, (PB), 217-231 View citations (144)
    See also Working Paper Monetary policy and bank lending in a low interest rate environment: diminishing effectiveness?, BIS Working Papers (2017) View citations (144) (2017)
48. The influence of monetary policy on bank profitability
    International Finance, 2017, 20, (1), 48-63 View citations (213)
    See also Working Paper The influence of monetary policy on bank profitability, BIS Working Papers (2015) View citations (82) (2015)
49. What are the effects of macroprudential policies on macroeconomic performance?
    BIS Quarterly Review, 2017 View citations (79)

2016

50. Are bank capital ratios pro-cyclical? New evidence and perspectives
    Economic Policy, 2016, 31, (86), 357-403 View citations (68)
    See also Working Paper Are bank capital ratios pro-cyclical? New evidence and perspectives, Post-Print (2016) View citations (57) (2016)
51. Relationship and Transaction Lending in a Crisis
    The Review of Financial Studies, 2016, 29, (10), 2643-2676 View citations (290)
    See also Working Paper Relationship and Transaction Lending in a Crisis, Working Papers (2015) View citations (288) (2015)
52. Relationship and Transaction Lending: New Evidence and Perspectives
    Emerging Markets Finance and Trade, 2016, 52, (1), 70-75 View citations (5)

2015

53. Asymmetric information in securitization: An empirical assessment
    Journal of Monetary Economics, 2015, 71, (C), 33-49 View citations (44)
54. Basel III: Long-term Impact on Economic Performance and Fluctuations
    Manchester School, 2015, 83, (2), 217-251 View citations (56)
    See also Working Paper BASEL III: Long-term impact on economic performance and fluctuations, BIS Working Papers (2011) View citations (71) (2011)
55. Central clearing: trends and current issues
    BIS Quarterly Review, 2015 View citations (25)
56. Has the Transmission of Policy Rates to Lending Rates Changed in the Wake of the Global Financial Crisis?
    International Finance, 2015, 18, (3), 263-280 View citations (34)
57. The use of payment systems data as early indicators of economic activity
    Applied Economics Letters, 2015, 22, (8), 646-650 View citations (2)

2014

58. Bank Heterogeneity and Interest Rate Setting: What Lessons Have We Learned since Lehman Brothers?
    Journal of Money, Credit and Banking, 2014, 46, (4), 753-778 View citations (54)
    See also Working Paper Bank heterogeneity and interest rate setting: What lessons have we learned since Lehman Brothers?, BIS Working Papers (2011) View citations (20) (2011)
59. Diversification and bank profitability: a nonlinear approach
    Applied Economics Letters, 2014, 21, (6), 438-441 View citations (20)
60. Does Monetary Policy Affect Bank Risk?
    International Journal of Central Banking, 2014, 10, (1), 95-136 View citations (201)
    See also Working Paper Does monetary policy affect bank risk?, Working Papers (2012) View citations (3) (2012)
61. Financial structure and growth
    BIS Quarterly Review, 2014 View citations (100)
62. Monetary Policy in a Downturn: Are Financial Crises Special?
    International Finance, 2014, 17, (1), 99-119 View citations (50)
    See also Working Paper Monetary policy in a downturn: Are financial crises special?, BIS Working Papers (2012) View citations (51) (2012)
63. Should monetary policy lean against the wind?
    Journal of Economic Dynamics and Control, 2014, 43, (C), 146-174 View citations (116)
    See also Working Paper Should monetary policy lean against the wind? - an analysis based on a DSGE model with banking, BIS Working Papers (2013) View citations (20) (2013)
64. The Effectiveness of Unconventional Monetary Policy at the Zero Lower Bound: A Cross‐Country Analysis
    Journal of Money, Credit and Banking, 2014, 46, (4), 615-642 View citations (420)
    See also Working Paper The Effectiveness of Unconventional Monetary Policy at the Zero Lower Bound: A Cross-Country Analysis, BIS Working Papers (2012) View citations (63) (2012)
65. Understanding global liquidity
    European Economic Review, 2014, 68, (C), 1-18 View citations (65)
    See also Working Paper Understanding Global Liquidity, BIS Working Papers (2013) View citations (20) (2013)

2013

66. Rescue packages and bank lending
    Journal of Banking & Finance, 2013, 37, (2), 490-505 View citations (112)
    See also Working Paper Rescue packages and bank lending, Post-Print (2013) View citations (100) (2013)
67. Structural bank regulation initiatives: approaches and implications
    BANCARIA, 2013, 06, 14-27 View citations (64)
    See also Working Paper Structural bank regulation initiatives: approaches and implications, BIS Working Papers (2013) View citations (67) (2013)

2012

68. Do bank characteristics influence the effect of monetary policy on bank risk?
    Economics Letters, 2012, 117, (1), 220-222 View citations (80)
    See also Working Paper Do bank characteristics influence the effect of monetary policy on bank risk?, Working Paper Series (2012) View citations (79) (2012)
69. The economic effects of central bank bond purchase programmes
    BANCARIA, 2012, 03, 38-50 View citations (2)
70. The effects of countercyclical capital buffers on bank lending
    Applied Economics Letters, 2012, 19, (7), 603-608 View citations (71)

2011

71. Do Bank Capital and Liquidity Affect Real Economic Activity in the Long Run? A VECM Analysis for the US
    Economic Notes, 2011, 40, (3), 75-91 View citations (13)
72. The Risks of Low Interest Rates
    Revista ESPE - Ensayos sobre Política Económica, 2011, 29, (64), 14-31 View citations (1)
    Also in Revista ESPE - Ensayos Sobre Política Económica, 2011, 29, (64), 14-31 (2011) View citations (1)
73. The bank lending channel: lessons from the crisis
    (Financial intermediaries and monetary economics)
    Economic Policy, 2011, 26, (66), 135-182 View citations (289)
    See also Working Paper The bank lending channel: lessons from the crisis, BIS Working Papers (2011) View citations (346) (2011)
74. The risks of a prolonged period of very low interest rates
    BANCARIA, 2011, 01, 2-14 View citations (1)

2010

75. Bank profitability and taxation
    Journal of Banking & Finance, 2010, 34, (11), 2801-2810 View citations (60)
    See also Working Paper Bank profitability and taxation, Temi di discussione (Economic working papers) (2007) View citations (2) (2007)
76. Bank risk and monetary policy
    Journal of Financial Stability, 2010, 6, (3), 121-129 View citations (312)
    See also Working Paper Bank risk and monetary policy, Temi di discussione (Economic working papers) (2009) View citations (43) (2009)
77. Modelling bank lending in the euro area: a nonlinear approach
    Applied Financial Economics, 2010, 20, (14), 1099-1112 View citations (18)
    See also Working Paper Modelling bank lending in the euro area: A non-linear approach, Temi di discussione (Economic working papers) (2007) View citations (7) (2007)
78. Mutual guarantee institutions and small business finance
    Journal of Financial Stability, 2010, 6, (1), 45-54 View citations (42)
    See also Working Paper Mutual Guarantee Institutions and Small Business Finance, Discussion Paper (2009) View citations (3) (2009)

2009

79. Bank profitability and the business cycle
    Journal of Financial Stability, 2009, 5, (4), 393-409 View citations (285)
    See also Working Paper Bank profitability and the business cycle, Temi di discussione (Economic working papers) (2006) View citations (29) (2006)
80. Monetary policy and the risk-taking channel
    BIS Quarterly Review, 2009 View citations (167)
81. Securitisation and the bank lending channel
    European Economic Review, 2009, 53, (8), 996-1009 View citations (189)
    See also Working Paper Securitization and the bank lending channel, Proceedings (2008) View citations (4) (2008)

2008

82. How do banks set interest rates?
    European Economic Review, 2008, 52, (5), 792-819 View citations (204)
    See also Working Paper How Do Banks Set Interest Rates?, Temi di discussione (Economic working papers) (2005) View citations (12) (2005)

2007

83. Are there asymmetries in the response of bank interest rates to monetary shocks?
    Applied Economics, 2007, 39, (19), 2503-2517 View citations (51)
    See also Working Paper Are there asymmetries in the response of bank interest rates monetary shocks?, Temi di discussione (Economic working papers) (2005) View citations (16) (2005)

2005

84. Inside the bank lending channel
    European Economic Review, 2005, 49, (7), 1737-1759 View citations (265)
85. Un modello econometrico per il credito bancario alle famiglie in Italia
    Moneta e Credito, 2005, 58, (229), 29-56 View citations (11)

2004

86. Does bank capital affect lending behavior?
    Journal of Financial Intermediation, 2004, 13, (4), 436-457 View citations (473)
87. The Bernanke and Blinder Model in an Open Economy: The Italian Case
    German Economic Review, 2004, 5, (1), 1-34 View citations (8)
    Also in German Economic Review, 2004, 5, (1), 1-34 (2004)

2003

88. Asymmetric bank lending channels and ECB monetary policy
    Economic Modelling, 2003, 20, (1), 25-46 View citations (5)
89. The Effects of Monetary Policy in the Euro Area
    Oxford Review of Economic Policy, 2003, 19, (1), 58-72 View citations (64)

2001

90. Gli effetti di asimmetrie strutturali nella domanda aggregata per la politica monetaria della BCE
    Economia politica, 2001, (2), 217-248 View citations (2)
91. On the Institutional Design of the European Monetary Union: Conservatism, Stability Pact and Economic Shocks
    Economic Notes, 2001, 30, (1), 109-143

Books

2025

1. Cryptocurrencies and decentralised finance: functions and financial stability implications
   BIS Papers, Bank for International Settlements
2. The AI supply chain
   BIS Papers, Bank for International Settlements

2024

3. Generative artificial intelligence and cyber security in central banking
   BIS Papers, Bank for International Settlements
   See also Journal Article Generative Artificial Intelligence and Cyber Security in Central Banking, Journal of Financial Regulation, Oxford University Press (2025) (2025)
   Working Paper Generative artificial intelligence and cyber security in central banking, CEPR Discussion Papers, C.E.P.R. Discussion Papers (2024) (2024)
4. Quantum computing and the financial system: opportunities and risks
   BIS Papers, Bank for International Settlements

2021

5. Fintech and the digital transformation of financial services: implications for market structure and public policy
   BIS Papers, Bank for International Settlements View citations (61)

Chapters

2024

1. The organisation of digital payments in India - lessons from the Unified Payments Interface (UPI)
   A chapter in Faster digital payments: global and regional perspectives, 2024, vol. 152, pp 61-73

2021

2. Big Techs in Finance: On the New Nexus Between Data Privacy and Competition
   Springer View citations (5)
   See also Working Paper Big techs in finance: on the new nexus between data privacy and competition, Bank for International Settlements (2021) View citations (6) (2021)

2020

3. How effective are macroprudential policies in Asia Pacific? Evidence from a meta-analysis
   A chapter in Measuring the effectiveness of macroprudential policies using supervisory bank-level data, 2020, vol. 110, pp 3-15 View citations (9)

2019

4. The impact of macroprudential policies and their interaction with monetary policy: an empirical analysis using credit registry data
   A chapter in Are post-crisis statistical initiatives completed?, 2019, vol. 49 View citations (12)
   See also Working Paper The impact of macroprudential policies and their interaction with monetary policy: an empirical analysis using credit registry data, Bank for International Settlements (2017) View citations (31) (2017)