Details about Raoul Minetti

Access statistics for papers by Raoul Minetti.

Last updated 2025-06-23. Update your information in the RePEc Author Service.

Short-id: pmi87

Working Papers

2025

1. Banking complexity in the global economy
   Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area
   See also Journal Article Banking complexity in the global economy, Journal of International Economics, Elsevier (2025) (2025)
2. Credit Markets, Corporate Governance and Growth
   CEIS Research Paper, Tor Vergata University, CEIS
3. Financial Development, Financial Specialization, and Trade
   MPRA Paper, University Library of Munich, Germany
4. Financial specialization, bank opacity, and the structure of credit markets
   MPRA Paper, University Library of Munich, Germany
5. Navigating crises. Organizational innovation and managerial restructuring in bad times
   MPRA Paper, University Library of Munich, Germany
6. Out of sight, out of mind? Global value chains and credit allocation during a financial crisis
   MPRA Paper, University Library of Munich, Germany

2024

7. Financial knowledge and borrower discouragement
   Papers, arXiv.org

2023

8. Online Appendix to "Credit Markets, Relationship Lending, and the Dynamics of Firm Entry"
   Online Appendices, Review of Economic Dynamics View citations (1)
   See also Journal Article Credit Markets, Relationship Lending, and the Dynamics of Firm Entry, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2023) View citations (1) (2023)

2021

9. Banking on Experience
   CEPR Discussion Papers, C.E.P.R. Discussion Papers

2020

10. Credit Markets, Relationship Banking, and Firm Entry
    Working Papers CASMEF, Dipartimento di Economia e Finanza, LUISS Guido Carli
11. 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)
12. Growing Through Spinoffs
    Working Papers, HAL
    Also in SciencePo Working papers Main, HAL (2020)
13. Growing through Spinoffs. Corporate Governance, Entry, and Innovation
    Documents de Travail de l'OFCE, Observatoire Francais des Conjonctures Economiques (OFCE)
    Also in Working Papers CASMEF, Dipartimento di Economia e Finanza, LUISS Guido Carli (2020)

2019

14. Asset Dynamics, Liquidity, and Inequality in Decentralized Markets
    Post-Print, HAL View citations (2)
    Also in Post-Print, HAL (2019) View citations (2)
    SciencePo Working papers Main, HAL (2019)
    See also Journal Article ASSET DYNAMICS, LIQUIDITY, AND INEQUALITY IN DECENTRALIZED MARKETS, Economic Inquiry, Western Economic Association International (2019) View citations (2) (2019)
15. Financial Markets, Industry Dynamics and Growth
    Post-Print, HAL View citations (22)
    Also in Working Papers, HAL (2014) View citations (2)
    SciencePo Working papers Main, HAL (2019) View citations (2)
    2015 Meeting Papers, Society for Economic Dynamics (2015)
    Documents de Travail de l'OFCE, Observatoire Francais des Conjonctures Economiques (OFCE) (2014)
    SciencePo Working papers Main, HAL (2014)
    See also Journal Article Financial Markets, Industry Dynamics and Growth, The Economic Journal, Royal Economic Society (2019) View citations (33) (2019)
16. Not all banks are equal. Cooperative banking and income inequality
    Working Papers CASMEF, Dipartimento di Economia e Finanza, LUISS Guido Carli
    Also in CERBE Working Papers, CERBE Center for Relationship Banking and Economics (2019)
    See also Journal Article NOT ALL BANKS ARE EQUAL: COOPERATIVE BANKING AND INCOME INEQUALITY, Economic Inquiry, Western Economic Association International (2021) View citations (11) (2021)
17. Online Appendix to "Credit Crunches, Asset Prices and Technological Change"
    Online Appendices, Review of Economic Dynamics View citations (3)
    See also Journal Article Credit Crunches, Asset Prices and Technological Change, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2019) View citations (3) (2019)

2018

18. Are Banks Engines of Export ? Financial Structures and Export Dynamics
    Policy Research Working Paper Series, The World Bank View citations (4)
19. Credit Relationships in the Great Trade Collapse. Micro Evidence From Europe
    CERBE Working Papers, CERBE Center for Relationship Banking and Economics
    See also Journal Article Credit Relationships in the great trade collapse. Micro evidence from Europe, Journal of Financial Intermediation, Elsevier (2019) View citations (12) (2019)
20. Credit crunches, asset prices, and technological change
    CERBE Working Papers, CERBE Center for Relationship Banking and Economics
    Also in Mo.Fi.R. Working Papers, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences (2012) View citations (1)
    Working Papers CASMEF, Dipartimento di Economia e Finanza, LUISS Guido Carli (2012)
    See also Journal Article Credit Crunches, Asset Prices and Technological Change, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2019) View citations (3) (2019)
21. No Pain, No Gain. Multinational Banks in the Business Cycle
    School of Economics Working Paper Series, LeBow College of Business, Drexel University
    Also in CERBE Working Papers, CERBE Center for Relationship Banking and Economics (2018)

2017

22. Interbank Markets and Credit Policies amid a Sovereign Debt Crisis
    School of Economics Working Paper Series, LeBow College of Business, Drexel University View citations (5)

2016

23. Banking development, economic structure and income inequality
    CERBE Working Papers, CERBE Center for Relationship Banking and Economics View citations (6)
24. Financial Constraints, Firms' Supply Chains and Internationalization
    CERBE Working Papers, CERBE Center for Relationship Banking and Economics View citations (4)
    See also Journal Article Financial Constraints, Firms’ Supply Chains, and Internationalization, Journal of the European Economic Association, European Economic Association (2019) View citations (8) (2019)

2014

25. Family Firms, Corporate Governance and Export
    CERBE Working Papers, CERBE Center for Relationship Banking and Economics View citations (1)
    Also in Working Papers CASMEF, Dipartimento di Economia e Finanza, LUISS Guido Carli (2013) View citations (1)
    See also Journal Article Family Firms, Corporate Governance and Export, Economica, London School of Economics and Political Science (2015) View citations (32) (2015)

2013

26. Financial Markets Banks and Growth: Disentangling the Links
    Working Papers, HAL View citations (7)
    Also in Post-Print, HAL (2013) View citations (7)
    SciencePo Working papers Main, HAL (2013) View citations (1)
    SciencePo Working papers Main, HAL (2013) View citations (1)
    Documents de Travail de l'OFCE, Observatoire Francais des Conjonctures Economiques (OFCE) (2013) View citations (6)
    See also Journal Article Financial Markets, Banks, and Growth: Disentangling the links, Revue de l'OFCE, Presses de Sciences-Po (2013) View citations (8) (2013)

2012

27. Banks, Sovereign Debt and the International Transmission of Business Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (50)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2012) View citations (24)
    See also Journal Article Banks, Sovereign Debt, and the International Transmission of Business Cycles, NBER International Seminar on Macroeconomics, University of Chicago Press (2013) View citations (19) (2013)
    Chapter Banks, Sovereign Debt, and the International Transmission of Business Cycles, NBER Chapters, National Bureau of Economic Research, Inc (2012) View citations (46) (2012)
28. Ownership Structure, Governance, and Innovation: Evidence from Italy
    Working Papers, Department of the Treasury, Ministry of the Economy and of Finance View citations (6)
    Also in Discussion Papers, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy (2011) View citations (10)
    See also Journal Article Ownership structure, governance, and innovation, European Economic Review, Elsevier (2015) View citations (54) (2015)

2010

29. Foreign Lenders in Emerging Economies
    2010 Meeting Papers, Society for Economic Dynamics View citations (5)

2007

30. The Structure of Multiple Credit Relationships: Evidence from US Firms
    Economics Working Papers, European University Institute View citations (5)
    See also Journal Article The Structure of Multiple Credit Relationships: Evidence from U.S. Firms, Journal of Money, Credit and Banking, Blackwell Publishing (2010) View citations (19) (2010)

2006

31. Liquidity Cycles
    2006 Meeting Papers, Society for Economic Dynamics

2004

32. Multiple Creditors and Information Rights: Theory and Evidence from US Firms
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (19)

2003

33. Domestic and Foreign Lenders and International Business Cycles
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (4)
34. The Credit Channel of Monetary Policy: Evidence from the Housing Market
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (18)
    See also Journal Article The credit channel of monetary policy: Evidence from the housing market, Journal of Macroeconomics, Elsevier (2008) View citations (169) (2008)

2002

35. Financial Liberalisation and the Sensitivity of House Prices to Monetary Policy: Theory and Evidence
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (10)
    See also Journal Article Financial Liberalization And The Sensitivity Of House Prices To Monetary Policy: Theory And Evidence, Manchester School, University of Manchester (2003) View citations (67) (2003)

2000

36. The credit channel of monetary policy and housing markets: International empirical evidence
    Bank of Finland Research Discussion Papers, Bank of Finland

Journal Articles

2025

1. Banking complexity in the global economy
   Journal of International Economics, 2025, 154, (C)
   See also Working Paper Banking complexity in the global economy, Temi di discussione (Economic working papers) (2025) (2025)
2. Financial Liberalization, Credit Market Dynamism, and Allocative Efficiency
   Journal of Money, Credit and Banking, 2025, 57, (6), 1559-1596
3. Global banking and macroeconomic stability. Liquidity, control, and monitoring
   Journal of International Economics, 2025, 155, (C)
   See also Chapter Global Banking and Macroeconomic Stability. Liquidity, Control, and Monitoring, NBER Chapters, 2024 (2024) (2024)
4. Macro-banking stability, sovereign debt and the inflation channel
   Finance Research Letters, 2025, 78, (C)
5. Networks and information in credit markets
   Journal of Corporate Finance, 2025, 94, (C)
6. Persistent slumps: Innovation and the credit channel of monetary policy
   European Economic Review, 2025, 172, (C)
7. Reprint of: Global banking and macroeconomic stability. Liquidity, control, and monitoring
   Journal of International Economics, 2025, 156, (C)

2024

8. Financial literacy and borrower discouragement
   Economics Letters, 2024, 243, (C) View citations (2)
9. Growing through spinoffs. Corporate governance, entry dynamics, and innovation
   Journal of Economic Dynamics and Control, 2024, 161, (C) View citations (2)

2023

10. Credit Markets, Relationship Lending, and the Dynamics of Firm Entry
    Review of Economic Dynamics, 2023, 51, 343-369 View citations (1)
    See also Software Item Code and data files for "Credit Markets, Relationship Lending, and the Dynamics of Firm Entry", Computer Codes (2023) (2023)
    Working Paper Online Appendix to "Credit Markets, Relationship Lending, and the Dynamics of Firm Entry", Online Appendices (2023) View citations (1) (2023)
11. 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)

2022

12. Liquidity and Discipline. Bank due Diligence Over the Business Cycle
    Journal of the European Economic Association, 2022, 20, (5), 2136-2180 View citations (1)
13. Sovereign bail‐outs and fiscal rules in a banking union
    Scandinavian Journal of Economics, 2022, 124, (4), 1024-1055

2021

14. Bank regulation and monetary policy transmission: Evidence from the U.S. States liberalization
    European Economic Review, 2021, 138, (C) View citations (4)
15. Financial structures, banking regulations, and export dynamics
    Journal of Banking & Finance, 2021, 124, (C) View citations (6)
16. NOT ALL BANKS ARE EQUAL: COOPERATIVE BANKING AND INCOME INEQUALITY
    Economic Inquiry, 2021, 59, (1), 420-440 View citations (11)
    See also Working Paper Not all banks are equal. Cooperative banking and income inequality, Working Papers CASMEF (2019) (2019)
17. Public debt, sovereign spreads and the unpleasant arithmetic of fiscal consolidations
    International Finance, 2021, 24, (2), 155-178
18. Recessions and recoveries: Multinational banks in the business cycle
    Journal of Monetary Economics, 2021, 117, (C), 203-219 View citations (5)
19. Relationship finance, informed liquidity, and monetary policy
    Journal of Economic Theory, 2021, 193, (C)

2020

20. Fiscal Policies Amid a Pandemic: The Response of Italy to the COVID-19 Crisis
    National Tax Journal, 2020, 73, (3), 927-950 View citations (10)

2019

21. ASSET DYNAMICS, LIQUIDITY, AND INEQUALITY IN DECENTRALIZED MARKETS
    Economic Inquiry, 2019, 57, (1), 537-551 View citations (2)
    See also Working Paper Asset Dynamics, Liquidity, and Inequality in Decentralized Markets, Post-Print (2019) View citations (2) (2019)
22. Banking development, socioeconomic structure and income inequality
    Journal of Economic Behavior & Organization, 2019, 157, (C), 428-451 View citations (25)
23. Credit Crunches, Asset Prices and Technological Change
    Review of Economic Dynamics, 2019, 32, 153-179 View citations (3)
    See also Working Paper Credit crunches, asset prices, and technological change, CERBE Working Papers (2018) (2018)
    Working Paper Online Appendix to "Credit Crunches, Asset Prices and Technological Change", Online Appendices (2019) View citations (3) (2019)
    Software Item Code and data files for "Credit Crunches, Asset Prices and Technological Change", Computer Codes (2019) (2019)
24. Credit Reallocation, Deleveraging, and Financial Crises
    Journal of Money, Credit and Banking, 2019, 51, (7), 1889-1921 View citations (4)
25. Credit Relationships in the great trade collapse. Micro evidence from Europe
    Journal of Financial Intermediation, 2019, 40, (C) View citations (12)
    See also Working Paper Credit Relationships in the Great Trade Collapse. Micro Evidence From Europe, CERBE Working Papers (2018) (2018)
26. Financial Constraints, Firms’ Supply Chains, and Internationalization
    Journal of the European Economic Association, 2019, 17, (2), 327-375 View citations (8)
    See also Working Paper Financial Constraints, Firms' Supply Chains and Internationalization, CERBE Working Papers (2016) View citations (4) (2016)
27. Financial Markets, Industry Dynamics and Growth
    The Economic Journal, 2019, 129, (621), 2192-2215 View citations (33)
    See also Working Paper Financial Markets, Industry Dynamics and Growth, Post-Print (2019) View citations (22) (2019)
28. Keeping up with the Zhangs and house price dynamics in China
    Journal of Economic Dynamics and Control, 2019, 109, (C) View citations (9)

2018

29. Credit policies, macroeconomic stability and welfare: The case of China
    Journal of Comparative Economics, 2018, 46, (1), 35-52 View citations (10)
30. Interbank markets and bank bailout policies amid a sovereign debt crisis
    Journal of Economic Dynamics and Control, 2018, 93, (C), 131-153 View citations (7)

2015

31. Family Firms, Corporate Governance and Export
    Economica, 2015, 82, 1177-1216 View citations (32)
    See also Working Paper Family Firms, Corporate Governance and Export, CERBE Working Papers (2014) View citations (1) (2014)
32. Financial Cycles, Housing and the Macroeconomy
    International Finance, 2015, 18, (2), 249-262 View citations (1)
33. Institutions, Bailout Policies, and Bank Loan Contracting: Evidence from Korean Chaebols
    Review of Finance, 2015, 19, (6), 2223-2275 View citations (7)
34. Ownership structure, governance, and innovation
    European Economic Review, 2015, 80, (C), 165-193 View citations (54)
    See also Working Paper Ownership Structure, Governance, and Innovation: Evidence from Italy, Working Papers (2012) View citations (6) (2012)

2013

35. Banks, Sovereign Debt, and the International Transmission of Business Cycles
    NBER International Seminar on Macroeconomics, 2013, 9, (1), 181 - 213 View citations (19)
    See also Chapter Banks, Sovereign Debt, and the International Transmission of Business Cycles, NBER Chapters, 2012, 181-213 (2012) View citations (46) (2012)
    Working Paper Banks, Sovereign Debt and the International Transmission of Business Cycles, NBER Working Papers (2012) View citations (50) (2012)
36. Financial Markets, Banks, and Growth: Disentangling the links
    Revue de l'OFCE, 2013, N° 131, (5), 105-147 View citations (8)
    See also Working Paper Financial Markets Banks and Growth: Disentangling the Links, Working Papers (2013) View citations (7) (2013)
37. Foreign Banks and the Dual Effect of Financial Liberalization
    Journal of Money, Credit and Banking, 2013, 45, (7), 1301-1333 View citations (1)
    Also in Journal of Money, Credit and Banking, 2013, 45, (7), 1301-1333 (2013) View citations (3)
38. Lending constraints, real estate prices and business cycles in emerging economies
    Journal of Economic Dynamics and Control, 2013, 37, (12), 2397-2416 View citations (24)
39. Sharing information in the credit market: Contract-level evidence from U.S. firms
    Journal of Financial Economics, 2013, 109, (1), 198-223 View citations (87)

2012

40. The essentiality of money in environments with centralized trade
    Journal of Monetary Economics, 2012, 59, (7), 612-621 View citations (19)

2011

41. Credit constraints and firm export: Microeconomic evidence from Italy
    Journal of International Economics, 2011, 83, (2), 109-125 View citations (404)
42. Credit reallocation
    Journal of Monetary Economics, 2011, 58, (6), 551-563 View citations (26)
43. Knowledge sharing and the dynamics of social capital
    European Economic Review, 2011, 55, (8), 1109-1119
44. ON THE ESSENTIALITY OF BANKS
    International Economic Review, 2011, 52, (3), 679-691 View citations (18)

2010

45. Informed Finance and Technological Conservatism
    Review of Finance, 2010, 15, (3), 633-692 View citations (9)
46. Markets and Relationships in a Learning Economy
    Review of Economic Dynamics, 2010, 13, (3), 687-700 View citations (1)
47. The Structure of Multiple Credit Relationships: Evidence from U.S. Firms
    Journal of Money, Credit and Banking, 2010, 42, (6), 1037-1071 View citations (19)
    Also in Journal of Money, Credit and Banking, 2010, 42, (6), 1037-1071 (2010) View citations (51)
    See also Working Paper The Structure of Multiple Credit Relationships: Evidence from US Firms, Economics Working Papers (2007) View citations (5) (2007)

2008

48. The credit channel of monetary policy: Evidence from the housing market
    Journal of Macroeconomics, 2008, 30, (1), 69-96 View citations (169)
    See also Working Paper The Credit Channel of Monetary Policy: Evidence from the Housing Market, Boston College Working Papers in Economics (2003) View citations (18) (2003)

2007

49. Bank capital, firm liquidity, and project quality
    Journal of Monetary Economics, 2007, 54, (8), 2584-2594 View citations (13)
50. Financial Intermediaries as Markets for Firm Assets
    Economic Journal, 2007, 117, (523), 1380-1402 View citations (8)
51. Foreign Lenders and the Real Sector
    Journal of Money, Credit and Banking, 2007, 39, (4), 945-964 View citations (10)
    Also in Journal of Money, Credit and Banking, 2007, 39, (4), 945-964 (2007) View citations (2)
52. Informed finance and technological change: Evidence from credit relationships
    Journal of Financial Economics, 2007, 83, (1), 223-269 View citations (161)
53. ON THE LONG‐RUN EFFECTS OF FASHION
    Economic Inquiry, 2007, 45, (4), 756-769

2006

54. International business cycles with domestic and foreign lenders
    Journal of Monetary Economics, 2006, 53, (8), 2267-2282 View citations (92)

2003

55. Financial Liberalization And The Sensitivity Of House Prices To Monetary Policy: Theory And Evidence
    Manchester School, 2003, 71, (1), 20-34 View citations (67)
    See also Working Paper Financial Liberalisation and the Sensitivity of House Prices to Monetary Policy: Theory and Evidence, Boston College Working Papers in Economics (2002) View citations (10) (2002)

Chapters

2024

1. Global Banking and Macroeconomic Stability. Liquidity, Control, and Monitoring
   A chapter in NBER International Seminar on Macroeconomics 2024, 2024
   See also Journal Article Global banking and macroeconomic stability. Liquidity, control, and monitoring, Elsevier (2025) (2025)

2012

2. Banks, Sovereign Debt, and the International Transmission of Business Cycles
   A chapter in NBER International Seminar on Macroeconomics 2012, 2012, pp 181-213 View citations (46)
   See also Journal Article Banks, Sovereign Debt, and the International Transmission of Business Cycles, University of Chicago Press (2013) View citations (19) (2013)
   Working Paper Banks, Sovereign Debt and the International Transmission of Business Cycles, National Bureau of Economic Research, Inc (2012) View citations (50) (2012)

Software Items

2023

1. Code and data files for "Credit Markets, Relationship Lending, and the Dynamics of Firm Entry"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Credit Markets, Relationship Lending, and the Dynamics of Firm Entry, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2023) View citations (1) (2023)

2019

2. Code and data files for "Credit Crunches, Asset Prices and Technological Change"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Credit Crunches, Asset Prices and Technological Change, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2019) View citations (3) (2019)