CURRICULUM VITAE (June 2015) B.A. in Economics (110/110 cum laude), Bocconi University, Milan

Transcription

1 CURRICULUM VITAE (June 2015) Department of Economics, Management and Statistics (DEMS) Milano-Bicocca University Piazza dell Ateneo Nuovo, Milano Italy phone fax web site EDUCATION April 1996 Jan May 1990 Dec Ph.D. in Economics, London School of Economics (UK) Doctorate in Economics, Catholic University, Milan M.Sc. in Economics, London School of Economics (UK) B.A. in Economics (110/110 cum laude), Bocconi University, Milan CURRENT POSITION Nov Associate professor of Economics, Milano-Bicocca University Apr Qualification for Full Professor in Corporate Finance and Banking PREVIOUS ACADEMIC EXPERIENCES Permanent Lecturer in Economics, Statistics Faculty, Milano-Bicocca University Visiting Research Fellow at the Financial Markets Group (FMG), London School of Economics (UK) Permanent Lecturer in Economics, Political Science Faculty, State University, Milan Research Fellow at the Innocenzo Gasparini Institute for Economic Research (IGIER), Bocconi University, Milan Research Fellow at the Institut D'Economie Industrielle (IDEI), Toulouse (France) Research Assistant at the Centro Baffi, Bocconi University, Milan Research Assistant at the Financial Markets Group (FMG), London School of Economics Research Assistant at the Centro di Economia Monetaria e Finanziaria, Bocconi University, Milan HONORS AND SCHOLARSHIPS Human Capital Mobility Grant (EEC) for research at Institut D'Economie Industrielle (IDEI), Toulouse (France) Post-doctoral Scholarship by Fondazione Olivetti for research at Gasparini Institute for Economic Research (IGIER), Bocconi University, Milan Scholarship for post-graduate studies abroad, Bocconi University 1989 Scholarship for post-graduate studies abroad, Fondazione delle Assicurazioni Generali 1988 Award to the ten best undergraduate theses on financial markets, Credito Italiano 1987 Award to the best undergraduates, Bocconi University 1

2 RESEARCH FIELDS Microeconomics of banking Industrial organization of banks Economics of Financial Markets Corporate finance PUBLICATIONS Articles in journals 2015 CEO Compensation, Regulation and Risk in Banks: Theory and Evidence from the Financial Crisis (with T. Oliviero), International Journal of Central Banking, Vol.11(3), pp Rethinking the regulatory treatment of securitization (with J.C. Rochet), Journal of Financial Stability, special issue on "Finance, growth, and stability. Lessons from the crisis", Vol.10 (1), pp.20-31, Solidarity and Microfinance (with L. Dalla Pellegrina), Rivista Italiana degli Economisti (Journal of the Italian Economic Association), special issue on "Social Cohesion and Financial Exclusion", Vol.18 (3), pp , Does product market competition increase credit availability? (with A.Fedele), The B.E. Journal of Economic Analysis & Policy, Vol. 11, Issue 1 (Topics), Article Size and concentration of Italian banking groups in the last decade (with L. Crosato), Economia e Politica Industriale, n.3, pp , Multiple-bank lending: Diversification and free-riding in monitoring (with E. Carletti and S. Daltung), Journal of Financial Intermediation, Vol. 16, pp , Più concorrenza nel mercato dei depositi italiani: una riflessione sull'indagine conoscitiva dell'autorità Garante della Concorrenza e del Mercato, Economia e Politica Industriale, n. 2, pp , Branching and Competition in the European Banking Industry (with B. Chizzolini and M. Ivaldi), Applied Economics, Vol.34, pp , The Optimal Size of a Bank: Costs and Benefits of Diversification (with S.Daltung), European Economic Review, Vol. 44, n.9, pp , Close Relationships between Banks and Firms: Is it Good or Bad? (with S. Daltung), Research in Economics, Vol.52 (3), pp , The Determination of the Internal Price of Funds and the Internal Organization of the Bank, Economic Notes, Monte dei Paschi di Siena, Vol.25, n.3, pp , La banca come impresa multiprodotto: vincoli al credito e competizione di mercato, Note Economiche, Monte dei Paschi di Siena, n.3, pp , Possibili interventi sul debito pubblico italiano (with A. M. Cardani), Economia e Management, Vol.10, pp , Book chapters and other policy publications 2011 "Responsible lending. Barriers to Competition" (with P. Buccirossi, L. Ciari, G. Spagnolo, M. Tognoni) a study for the European Parliament, DG for Internal Policies, Economic and Monetary Affairs, PE , June Più concorrenza oggi, maggiore concentrazione domani? Un applicazione all industria bancaria Europea (with B. Chizzolini), M. Pelagatti (eds.), «Scritti in ricordo di Marco Martini», Giuffrè Editore,, pp , L apertura di sportelli e la concorrenza nel settore bancario italiano (with B. Chizzolini 2

3 and M. Ivaldi), M.Polo (eds.) «Industria bancaria e concorrenza», Il Mulino, pp , Working papers 2014 Managerial Compensation, Regulation and Risk in Banks: Theory and Evidence from the Financial Crisis (with T. Oliviero), Department of Economics, Management and Statistics Working Paper No. 279 [also CSEF Working Paper No. 374] 2013 Product market competition and collateralized debt (with A.Fedele and R. Miniaci), Department of Economics, Management and Statistics Working Paper No The impact of mergers on the degree of competition in the banking industry (with B.Chizzolini and M.Ivaldi), CEPR Discussion Paper No. 7618, [also IDEI Working Paper No.582, Toulouse School of Economics, 2009], submitted 2008 Solvency regulation and credit risk transfer (with J.C. Rochet), Paolo Baffi Centre Research Paper No Managerial compensation, Financial structure and Monitoring (with S. Daltung), FMG Discussion Paper No.576, London School of Economics, Diversification and Delegation in Firms (with S. Daltung), FMG Discussion Paper No.403, London School of Economics, RESEARCH GRANTS 2014 Einaudi Institute for Economics and Finance (EIEF) research grant for the project CEO Incentives, Capital Structure, Regulation and Bank-Risk Taking: Theory and Evidence from Cross-Country Analysis (principal investigator: T. Oliviero) PRIN National italian grant (head scientist: G. Bloise) Allocazione del Credito Compatibile con gli Incentivi, Liquidità e Regolazione 2005 COFIN national italian grant (head scientist: G. Nicodano): Struttura Proprietaria, Incentivi e Valutazione 2003 COFIN national italian grant (head scientist: P. Garella): Prevenzione e soluzione delle crisi di debito: Analisi e disegno delle istituzioni 1999 COFIN national italian grant (head scientist: E. Minelli): Mercati competitivi e informazione privata 1998 COFIN national italian grant (head scientist: M. Pagano): Mercati finanziari, sistema legale e tutela giudiziaria 1998 Fondation Banque de France grant (head scientist: V.Cerasi): Changes in Entry Costs and Competition in EEC Banking Industry CONFERENCES AND SEMINARS (RECENT YEARS) Oct th Meetings of the Italian Economic Association (SIE), Trento University (Presented paper: Managerial Compensation, Regulation and Risk in Banks: Theory and Evidence from the Financial Crisis) Sept Annual International Journal of Central Banking (IJCB) Research Conference hosted by the Federal Reserve Bank of Philadelphia (US) (Presented presented: Managerial Compensation, Regulation and Risk in Banks: Theory and Evidence from the Financial Crisis) March 2014 Department of Applied Economics seminar, Universitat Autonoma de Barcelona (UAB), Barcelona (Spain) (Presented paper: Product market competition and collateralized debt) Nov Center for Studies in Economics and Finance (CSEF) seminar, Naple (Presented paper: Product market competition and collateralized debt) 3

4 Oct th Meetings of the Italian Economic Association (SIE), Bologna University (Presented paper: Product market competition and collateralized debt) Aug European Economic Association conference, Gothenberg (Sweden) (Presented paper: Product market competition and collateralized debt) July th Centre for Competition and Regulatory Policy Workshop, Bicocca University, Milan (Presented paper: The impact of mergers on the degree of competition in the banking industry) Sept th Annual Conference of the European Association for Research in Industrial Economics (EARIE), Rome (Presented paper: Product market competition and collateralized debt) June 2012 PRIN Workshop Liquidity, Banking and Financial Markets, Economic Department, Bologna University (Presented paper: Product market competition and collateralized debt) June nd International Conference of the Financial Engineering and Banking Society (FEBS), 'Recent Developments in Financial Markets and Banking', London (UK)(Presented paper: The impact of mergers on the degree of competition in the banking industry) Jan Round table on Regulation & Banking, 25th Anniversary of the Financial Markets Group, London School of Economics, London (UK) Mar.2011 EDI seminars (Economics and Law), Pavia University (Presented paper: Compensi dei manager: teoria e applicazione al settore bancario) Oct ZEW Conference on Quantitative Analysis of Competition Assessments, Mannheim, Germania (Presented paper: The impact of mergers on the degree of competition in the banking industry) Apr ECRIRE Seminar, Università Cattolica del Sacro Cuore, Milano (Presented paper: Compensi dei manager: teoria e applicazione al settore bancario) Dec nd CEPR-EBC-UA Conference on Competition in Banking Markets, University of Antwerp and CEPR, Antwerp, Belgium (Presented paper: The impact of mergers on the degree of competition in the banking industry) Oct ACE Workshop on Antitrust and Regulation, FEEM, Milan (Presented paper: The impact of mergers on the degree of competition in the banking industry) May 2009 Seminar at the Tinbergen Institute, VU University, Amsterdam (Netherlands) (Presented March 2009 Seminar at the Center for Finance, University of St. Gallen (Switzerland) (Presented Sept Symposium «Financial Intermediaries and Markets at the Cross Roads: Economic and Legal Perspectives on Financial Stability, Liquidity and Corporate Control», University of Amsterdam and Review of Finance, Amsterdam (Netherlands) (Presented paper: Solvency regulation and credit risk transfer) Aug rd Meeting of the European Economic Association, Bocconi University, Milan (Presented June 2008 Seminar at the Department of Economics and Department of Statistics, Milano-Bicocca University (Presented June 2008 Conference Finlawmetrics 2008 «Missing Risks: New Challenges for Regulation and Supervision» organized by Paolo Baffi Centre, Bocconi University, Italy (Presented paper: Solvency regulation and credit risk transfer) May 2008 Conference «The Transmission of Credit Risk and Bank Stability» organized by Center for Banking Studies, Cass Business School, London, UK (Presented paper: Solvency regulation and credit risk transfer) May 2008 Conference «Risk Transfer Mechanisms and Financial Stability» organized by Research 4

5 Task Force of the Basel Committee on Banking Supervision, CEPR and Journal of Financial Intermediation, Basel (Switzerland) (Presented paper: Solvency regulation and credit risk transfer) May 2008 Seminar at the Department of Finance, CFS, Frankfurt University, Germany (Presented March 2008 Seminar at the Istituto di Teoria Economica e Metodi Quantitivi, Catholic University in Milan (Presented Dec Conference «Interaction of Market and Credit Risk» organized by Research Task Force of the Basel Committee on Banking Supervision and Journal of Banking and Finance, Berlin (Germany)(Presented Dec Conference «Span and Scope of Banks, Stability and Regulation» organized by Unicredit Group and Center for Studies in Economics and Finance (CSEF), Naples (Presented OTHER AFFILIATIONS Bicocca Applied Statistics Center (BASC), Milano-Bicocca University. Fondation Fellows Banque de France. Member of the European Economic Association. PROFESSIONAL ACTIVITIES Referee for: Economica; European Economic Review; the European Journal of Finance; Journal of Financial Intermediation; Journal of the European Economic Association; Journal of Money, Credit and Banking; Journal of Institutional Economics; Journal of Economic Theory; Quarterly Review of Economics and Finance; Review of Finance; Scandinavian Journal of Economics; Research in Economics; Rivista Internazionale di Scienze Economiche e Commerciali (International Review of Economics); Economic Notes; Giornale degli Economisti; Banca, impresa, società Senior consultant researcher for LEAR in a study for the European Parliament (Directorate General for Internal Policies: Economic and Scientific Policy) entitled Responsible lending. Barriers to Competition Referee for the evaluation of Italian research products VQR (ANVUR) Referee for the national research projects PRIN (MIUR) Referee for the University research projects, Padua University Elected member of the Scientific Committee for research funds in economics and statistics, Bicocca University Co-organiser of the inter-departmental seminars in Economics Organiser of the Conference Evoluzione della struttura dei sistemi bancari: un approccio microeconomico, Centro Baffi, Bocconi University. TEACHING EXPERIENCE Undergraduate level (in Italy) 2009-today Macroeconomics, Bocconi University, Milan Macroeconomics, Milano-Bicocca University Macroeconomics, Milano-Bicocca University Macroeconomics (advanced), Milano-Bicocca University today Economics of Financial Markets, Milano-Bicocca University. 5

6 International Monetary Economics and for Economic Principles, Bocconi University, Milan. 6

7 Master level (in Italy) 2008-today Macroeconomics (Master course), Milano-Bicocca University today Financial Economics (Master course), Milano-Bicocca University Industrial Economics (Master in Statistics for marketing) at Milano-Bicocca University Industrial Economics and Policy (Master in Economics), Bocconi University, Milan. Abroad 1997 Visiting professor in Banking, Ecole de Gestion, Université des Sciences Sociales, Toulouse (France). (spring term) Teaching Assistant for Macroeconomic Principles and Principles of Monetary Economics, London School of Economics (UK) Teaching Assistant for Economic Principles, London School of Economics (UK). 7