paolo mistrulli - Academia.edu (original) (raw)

Papers by paolo mistrulli

Research paper thumbnail of The role of credit lines and multiple lending in financial contagion and systemic events

Journal of Financial Stability, Aug 1, 2023

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Research paper thumbnail of Le emissioni delle banche italiane sull’euromercato (The Eurobond Issues of Italian Banks)

DOAJ (DOAJ: Directory of Open Access Journals), Dec 1, 2003

After the launch of the single European currency banks of the main euro-area countries have incre... more After the launch of the single European currency banks of the main euro-area countries have increasingly issued bonds on the Euromarket. In this paper, I investigate the determinants of Italian banks' recourse to international capital markets. I find that, other things being equal, domestic market conditions affect the choice whether to issue Eurobonds. In particular, the econometric analysis highlights that those banks, which are more prone to issue bonds on the Euromarket, are more exposed to liquidity risks and are less specialized in raising deposits on specific domestic submarkets. JEL Codes: G21 Keywords: Bank

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Research paper thumbnail of Do Women Pay More for Credit? Evidence from Italy

Social Science Research Network, 2008

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Research paper thumbnail of Le emissioni delle banche italiane sull'euromercato *

Moneta e Credito, 2003

After the launch of the single European currency banks of the main euro-area countries have incre... more After the launch of the single European currency banks of the main euro-area countries have increasingly issued bonds on the Euromarket. In this paper, I investigate the determinants of Italian banks' recourse to international capital markets. I find that, other things being equal, domestic market conditions affect the choice whether to issue Eurobonds. In particular, the econometric analysis highlights that those banks, which are more prone to issue bonds on the Euromarket, are more exposed to liquidity risks and are less specialized in raising deposits on specific domestic submarkets. JEL Codes: G21 Keywords: Bank

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Research paper thumbnail of Interbank Lending Patterns and Financial Contagion

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Research paper thumbnail of Bank Heterogeneity and Interest Rate Setting: What Lessons Have We Learned Since Lehman Brothers?

Social Science Research Network, 2011

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Research paper thumbnail of Loan Officer Authority and Small Business Lending: Evidence from a Survey

Social Science Research Network, 2010

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Research paper thumbnail of The cost of steering in financial markets: Evidence from the mortgage market

Journal of Financial Economics, Mar 1, 2022

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Research paper thumbnail of Job Protection and Mortgage Conditions: Evidence from Italian Administrative Data*

Oxford Bulletin of Economics and Statistics, Apr 19, 2023

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Research paper thumbnail of Multiple Lending, Credit Lines and Financial Contagion

Social Science Research Network, 2017

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Research paper thumbnail of Distance, Lending Technologies and Interest Rates

Social Science Research Network, 2008

... to thank Ugo Albertazzi, Luigi Benfratello, Marcello Bofondi, Martin Brown, Giuseppe Cappelle... more ... to thank Ugo Albertazzi, Luigi Benfratello, Marcello Bofondi, Martin Brown, Giuseppe Cappelletti, Francesco Columba, Leonardo Gambacorta, Andrea Generale, Giorgio Gobbi, Moshe Kim, Francesca Lotti, David Marques, Jozsef Molnar, Alberto Pozzolo, Paola Rossi, Fabiano ...

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Research paper thumbnail of A survival analysis of de novo co-operative credit banks

Empirical Economics, Sep 1, 2005

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Research paper thumbnail of Credit supply, uncertainty and trust: the role of social capital

RePEc: Research Papers in Economics, 2019

Despite social capital being widely acknowledged as a key factor in the functioning of financial ... more Despite social capital being widely acknowledged as a key factor in the functioning of financial markets, the evidence on the channels through which it operates is still scant. In this paper we isolate one possible channel and investigate whether social capital plays a role in mitigating the impact of uncertainty shocks on bank credit supply. We exploit both the huge rise in the level of uncertainty that followed the Lehman Brothers default and a very granular and rich loan-level dataset from the Italian Credit register that allows us to clearly disentangle demand and supply factors. We find that social capital makes credit markets more resilient to uncertainty shocks, especially when informational asymmetries between banks and borrowers are more severe.

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Research paper thumbnail of The Cost of Distorted Financial Advice - Evidence from the Mortgage Market

RePEc: Research Papers in Economics, Jun 1, 2017

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Research paper thumbnail of Rendita informativa, intermediazione finanziaria e scelte di portafoglio

RePEc: Research Papers in Economics, Mar 1, 1996

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Research paper thumbnail of The supply side of housing …nance

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Research paper thumbnail of Bridging the gap between migrants and the banking system

RePEc: Research Papers in Economics, Feb 1, 2011

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Research paper thumbnail of Distorted Advice in Financial Markets: Evidence from the Mortgage Market

Social Science Research Network, 2017

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Research paper thumbnail of The Supply Side of Household Finance

Review of Financial Studies, Feb 1, 2019

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Research paper thumbnail of Assessing financial contagion in the interbank market: Maximum entropy versus observed interbank lending patterns

Journal of Banking and Finance, May 1, 2011

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Research paper thumbnail of The role of credit lines and multiple lending in financial contagion and systemic events

Journal of Financial Stability, Aug 1, 2023

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Le emissioni delle banche italiane sull’euromercato (The Eurobond Issues of Italian Banks)

DOAJ (DOAJ: Directory of Open Access Journals), Dec 1, 2003

After the launch of the single European currency banks of the main euro-area countries have incre... more After the launch of the single European currency banks of the main euro-area countries have increasingly issued bonds on the Euromarket. In this paper, I investigate the determinants of Italian banks' recourse to international capital markets. I find that, other things being equal, domestic market conditions affect the choice whether to issue Eurobonds. In particular, the econometric analysis highlights that those banks, which are more prone to issue bonds on the Euromarket, are more exposed to liquidity risks and are less specialized in raising deposits on specific domestic submarkets. JEL Codes: G21 Keywords: Bank

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Do Women Pay More for Credit? Evidence from Italy

Social Science Research Network, 2008

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Le emissioni delle banche italiane sull'euromercato *

Moneta e Credito, 2003

After the launch of the single European currency banks of the main euro-area countries have incre... more After the launch of the single European currency banks of the main euro-area countries have increasingly issued bonds on the Euromarket. In this paper, I investigate the determinants of Italian banks' recourse to international capital markets. I find that, other things being equal, domestic market conditions affect the choice whether to issue Eurobonds. In particular, the econometric analysis highlights that those banks, which are more prone to issue bonds on the Euromarket, are more exposed to liquidity risks and are less specialized in raising deposits on specific domestic submarkets. JEL Codes: G21 Keywords: Bank

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Interbank Lending Patterns and Financial Contagion

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Bank Heterogeneity and Interest Rate Setting: What Lessons Have We Learned Since Lehman Brothers?

Social Science Research Network, 2011

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Loan Officer Authority and Small Business Lending: Evidence from a Survey

Social Science Research Network, 2010

Bookmarks Related papers MentionsView impact

Research paper thumbnail of The cost of steering in financial markets: Evidence from the mortgage market

Journal of Financial Economics, Mar 1, 2022

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Job Protection and Mortgage Conditions: Evidence from Italian Administrative Data*

Oxford Bulletin of Economics and Statistics, Apr 19, 2023

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Multiple Lending, Credit Lines and Financial Contagion

Social Science Research Network, 2017

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Distance, Lending Technologies and Interest Rates

Social Science Research Network, 2008

... to thank Ugo Albertazzi, Luigi Benfratello, Marcello Bofondi, Martin Brown, Giuseppe Cappelle... more ... to thank Ugo Albertazzi, Luigi Benfratello, Marcello Bofondi, Martin Brown, Giuseppe Cappelletti, Francesco Columba, Leonardo Gambacorta, Andrea Generale, Giorgio Gobbi, Moshe Kim, Francesca Lotti, David Marques, Jozsef Molnar, Alberto Pozzolo, Paola Rossi, Fabiano ...

Bookmarks Related papers MentionsView impact

Research paper thumbnail of A survival analysis of de novo co-operative credit banks

Empirical Economics, Sep 1, 2005

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Credit supply, uncertainty and trust: the role of social capital

RePEc: Research Papers in Economics, 2019

Despite social capital being widely acknowledged as a key factor in the functioning of financial ... more Despite social capital being widely acknowledged as a key factor in the functioning of financial markets, the evidence on the channels through which it operates is still scant. In this paper we isolate one possible channel and investigate whether social capital plays a role in mitigating the impact of uncertainty shocks on bank credit supply. We exploit both the huge rise in the level of uncertainty that followed the Lehman Brothers default and a very granular and rich loan-level dataset from the Italian Credit register that allows us to clearly disentangle demand and supply factors. We find that social capital makes credit markets more resilient to uncertainty shocks, especially when informational asymmetries between banks and borrowers are more severe.

Bookmarks Related papers MentionsView impact

Research paper thumbnail of The Cost of Distorted Financial Advice - Evidence from the Mortgage Market

RePEc: Research Papers in Economics, Jun 1, 2017

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Research paper thumbnail of Rendita informativa, intermediazione finanziaria e scelte di portafoglio

RePEc: Research Papers in Economics, Mar 1, 1996

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Research paper thumbnail of The supply side of housing …nance

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Bridging the gap between migrants and the banking system

RePEc: Research Papers in Economics, Feb 1, 2011

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Distorted Advice in Financial Markets: Evidence from the Mortgage Market

Social Science Research Network, 2017

Bookmarks Related papers MentionsView impact

Research paper thumbnail of The Supply Side of Household Finance

Review of Financial Studies, Feb 1, 2019

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Assessing financial contagion in the interbank market: Maximum entropy versus observed interbank lending patterns

Journal of Banking and Finance, May 1, 2011

Bookmarks Related papers MentionsView impact