Details about Agnese Leonello

Access statistics for papers by Agnese Leonello.

Last updated 2025-08-07. Update your information in the RePEc Author Service.

Short-id: ple1014

Working Papers

2025

1. Bank fragility and risk management
   Working Paper Series, Sveriges Riksbank (Central Bank of Sweden)
   Also in Working Paper Series, European Central Bank (2025)

2024

2. Market power in banking
   Working Paper Series, European Central Bank View citations (2)
3. Savings, Efficiency and Bank Runs
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Working Paper Series, European Central Bank (2022)

2023

4. Central Bank Digital Currency and Financial Stability
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Working Paper Series, European Central Bank (2023) View citations (1)
5. Loan guarantees, bank underwriting policies and financial fragility
   Working Paper Series, European Central Bank View citations (5)

2022

6. The economics of central bank digital currency
   Working Paper Series, European Central Bank View citations (57)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)
   See also Journal Article The Economics of Central Bank Digital Currency, International Journal of Central Banking, International Journal of Central Banking (2024) View citations (3) (2024)

2021

7. Monetary Policy in a Low Interest Rate Environment: Reversal Rate and Risk-Taking
   Working Paper Series, European Central Bank View citations (7)

2019

8. The architecture of supervision
   Working Paper Series, European Central Bank View citations (7)
9. The interdependence of bank capital and liquidity
   BAFFI CAREFIN Working Papers, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy View citations (1)

2017

10. Government guarantees and financial stability
    Working Paper Series, European Central Bank View citations (12)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (40)
    See also Journal Article Government guarantees and financial stability, Journal of Economic Theory, Elsevier (2018) View citations (89) (2018)
11. Government guarantees and the two-way feedback between banking and sovereign debt crises
    Working Paper Series, European Central Bank View citations (41)
    See also Journal Article Government guarantees and the two-way feedback between banking and sovereign debt crises, Journal of Financial Economics, Elsevier (2018) View citations (76) (2018)

2016

12. Credit market competition and liquidity crises
    Working Paper Series, European Central Bank View citations (1)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (5)
    Economics Working Papers, European University Institute (2012) View citations (2)
    CESifo Working Paper Series, CESifo (2014)
    See also Journal Article Credit Market Competition and Liquidity Crises, Review of Finance, European Finance Association (2019) View citations (11) (2019)

Journal Articles

2025

1. Measuring synthetic leverage in interest rate swaps
   Macroprudential Bulletin, 2025, 26 View citations (1)
2. Saving externality: when depositing too much breaks the bank
   Review of Finance, 2025, 29, (2), 501-530

2024

3. The Economics of Central Bank Digital Currency
   International Journal of Central Banking, 2024, 20, (4), 221-274 View citations (3)
   See also Working Paper The economics of central bank digital currency, Working Paper Series (2022) View citations (57) (2022)

2023

4. Loan guarantees, bank underwriting policies and financial stability
   Journal of Financial Economics, 2023, 149, (2), 260-295 View citations (1)

2022

5. Cold hard (digital) cash: the economics of central bank digital currency
   Research Bulletin, 2022, 100 View citations (17)

2021

6. Side effects of monetary easing in a low interest rate environment: reversal and risk-taking
   Research Bulletin, 2021, 87.2 View citations (1)

2019

7. Credit Market Competition and Liquidity Crises
   Review of Finance, 2019, 23, (5), 855-892 View citations (11)
   See also Working Paper Credit market competition and liquidity crises, Working Paper Series (2016) View citations (1) (2016)

2018

8. Government guarantees and financial stability
   Journal of Economic Theory, 2018, 177, (C), 518-557 View citations (89)
   See also Working Paper Government guarantees and financial stability, Working Paper Series (2017) View citations (12) (2017)
9. Government guarantees and the two-way feedback between banking and sovereign debt crises
   Journal of Financial Economics, 2018, 130, (3), 592-619 View citations (76)
   See also Working Paper Government guarantees and the two-way feedback between banking and sovereign debt crises, Working Paper Series (2017) View citations (41) (2017)

2017

10. Government guarantees and the bank-sovereign nexus
    Research Bulletin, 2017, 35 View citations (5)

2015

11. Moral Hazard and Government Guarantees in the Banking Industry
    Journal of Financial Regulation, 2015, 1, (1), 30-50 View citations (55)

2011

12. Deposit insurance and risk taking
    Oxford Review of Economic Policy, 2011, 27, (3), 464-478 View citations (33)

Edited books

2017

1. Achieving Financial Stability:Challenges to Prudential Regulation
   World Scientific Books, World Scientific Publishing Co. Pte. Ltd.

Chapters

2017

1. Government Guarantees to Financial Institutions: Banks’ Incentives and Fiscal Sustainability
   Chapter 22 in Achieving Financial Stability Challenges to Prudential Regulation, 2017, pp 305-315