paolo mistrulli - Academia.edu (original) (raw)
Papers by paolo mistrulli
Journal of Financial Stability, Aug 1, 2023
Bookmarks Related papers MentionsView impact
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
Social Science Research Network, 2008
Bookmarks Related papers MentionsView impact
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
Bookmarks Related papers MentionsView impact
Social Science Research Network, 2011
Bookmarks Related papers MentionsView impact
Social Science Research Network, 2010
Bookmarks Related papers MentionsView impact
Journal of Financial Economics, Mar 1, 2022
Bookmarks Related papers MentionsView impact
Oxford Bulletin of Economics and Statistics, Apr 19, 2023
Bookmarks Related papers MentionsView impact
Social Science Research Network, 2017
Bookmarks Related papers MentionsView impact
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
Empirical Economics, Sep 1, 2005
Bookmarks Related papers MentionsView impact
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
RePEc: Research Papers in Economics, Jun 1, 2017
Bookmarks Related papers MentionsView impact
RePEc: Research Papers in Economics, Mar 1, 1996
Bookmarks Related papers MentionsView impact
Bookmarks Related papers MentionsView impact
RePEc: Research Papers in Economics, Feb 1, 2011
Bookmarks Related papers MentionsView impact
Social Science Research Network, 2017
Bookmarks Related papers MentionsView impact
Review of Financial Studies, Feb 1, 2019
Bookmarks Related papers MentionsView impact
Journal of Banking and Finance, May 1, 2011
Bookmarks Related papers MentionsView impact
Journal of Financial Stability, Aug 1, 2023
Bookmarks Related papers MentionsView impact
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
Social Science Research Network, 2008
Bookmarks Related papers MentionsView impact
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
Bookmarks Related papers MentionsView impact
Social Science Research Network, 2011
Bookmarks Related papers MentionsView impact
Social Science Research Network, 2010
Bookmarks Related papers MentionsView impact
Journal of Financial Economics, Mar 1, 2022
Bookmarks Related papers MentionsView impact
Oxford Bulletin of Economics and Statistics, Apr 19, 2023
Bookmarks Related papers MentionsView impact
Social Science Research Network, 2017
Bookmarks Related papers MentionsView impact
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
Empirical Economics, Sep 1, 2005
Bookmarks Related papers MentionsView impact
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
RePEc: Research Papers in Economics, Jun 1, 2017
Bookmarks Related papers MentionsView impact
RePEc: Research Papers in Economics, Mar 1, 1996
Bookmarks Related papers MentionsView impact
Bookmarks Related papers MentionsView impact
RePEc: Research Papers in Economics, Feb 1, 2011
Bookmarks Related papers MentionsView impact
Social Science Research Network, 2017
Bookmarks Related papers MentionsView impact
Review of Financial Studies, Feb 1, 2019
Bookmarks Related papers MentionsView impact
Journal of Banking and Finance, May 1, 2011
Bookmarks Related papers MentionsView impact