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Microeconomics of banking (industrial organization , regulation )

Microeconomics of banking (industrial organization , regulation ). Endogenous market structure : competitive strategies ; entry, branching and incentives to merge ( two stage models of market structure ; monopolistic competition models )

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Microeconomics of banking (industrial organization , regulation )

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  1. Microeconomics of banking (industrial organization, regulation) Endogenousmarket structure:competitive strategies; entry, branching and incentives to merge (two stage models of market structure; monopolisticcompetitionmodels) Branching and Competition in the European Banking Industry (with B. Chizzolini and M. Ivaldi), Applied Economics,2002.  The impact of mergers on the degree of competition in the banking industry (with B.Chizzolini and M. Ivaldi), CEPR Discussion Paper No. 7618. Regulation: capital regulation; trade-off betweenfinancialstability and competition; macro vs micro prudentialregulation; systemic vs idiosyncraticrisk in financialmarkets (principal-agent models) Rethinking the regulatory treatment of securitization (with J.C. Rochet), Journal of Financial Stability, forthcoming. DEFAP - Research Groups - 17/9/2013 - V. Cerasi

  2. Microeconomics in finance(contracttheory under asymmetric information) Relationshiplending:intermediated vs direct finance; monitoring vs arms-lenght finance; multiple vs single lending The Optimal Size of a Bank: Costs and Benefits of Diversification (with S. Daltung),  European Economic Review, 2000.  Multiple-bank lending: Diversification and Free-riding in Monitoring (with E. Carletti and S. Daltung), Journal of Financial Intermediation,  2007.   Credit rationing:cohexistence of severalfundingsources; role of collateral in debt Does product market competition increase credit availability? (with A. Fedele),  The B.E. Journal of Economic Analysis & Policy, 2011 Product market competition and collateralized debt (with A.Fedele and R.Miniaci), DEMS Working Paper No.238, 2013 Micro-finance:peer-monitoring and joint liability Solidarity and Microfinance (with L. Dalla Pellegrina), Rivista Italiana degli Economisti, forthcoming DEFAP - Research Groups - 17/9/2013 - V. Cerasi

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