Asymmetric information and equilibrium prices (with Robert Marquez), RAND Journal of Economics, 2008, Vol. ", Giovanni Dell'Ariccia & Deniz Igan & Luc Laeven, 2008. Designing Central Bank Digital Currencies, This page was processed by aws-apollo-l1 in, http://https://sites.google.com/site/anlari/. 16/186 , September 15, 2016, Benefits and Costs of Bank Capital
1. 185-214. , Staff Discussion Notes No. 5, A. 17 , March 16, 1999, Capital Account Liberalization: Theoretical and Practical Aspects
Authors registered in the RePEc Author Service: Giovanni Dell'ariccia ( gdellariccia@imf.org ) Management Science, 2021, vol. 12(22), pages . ", Jihad Dagher & Mr. Giovanni Dell'Ariccia & Mr. Luc Laeven & Mr. Lev Ratnovski & Mr. Hui Tong, 2016. DISCUSSION BY GIOVANNI DELL'ARICCIA (IMF AND CEPR) ECB FORUM ON CENTRAL BANKING, SINTRA, JUNE 2022 The views expressed in this presentation are those of the author and do not necessarily represent the views of the IMF, its Executive Board, or IMF Management. Contributors: Giovanni Dell'Ariccia; Deniz Igan; Paolo Mauro; Hala Moussawi; Alexander F. Tieman; Aleksandra Zdzienicka Show more detail. 1669-1692. Claudio E. V. Borio
66, pp.116-43. The U.S. subprime mortgage crisis: a credit boon gone bad? Jos-luis Peydr. 65, No. Dell'Ariccia is at the International Monetary Fund and the CEPR. ", Agur, Itai & Ari, Anil & DellAriccia, Giovanni, 2022.
Universita di Roma La Sapienza,
We thank Patrick Bolton, Tito Cordella, Jos de Gregorio, Gianni De Nicol . Adverse events in global financial markets starting in mid-2007 and intensifying in late 2008 triggered the most severe financial crisis since the Great Depression, in terms of both economic costs and geographical reach. , Working Paper No. Bank leverage and monetary policy's risk taking channel (with L. Laeven and G. Suarez), VOX-EU, August 2016, Governance and Policy Challenges of Forming and Running a Supervisory and Regulatory Union: A Theoretical Perspective European Economy, March, 2016, A new look at the costs and benefits of bank capital, (with J. Dagher, L. Laeven, L. Ratnovski, and H. Tong), IMF-Blog, March 2016, Cross-country analysis of housing finance and real estate booms, (with E. Cerutti and J. Dagher), IMF-Blog June 2015, A Capital Market Union: A few Thoughts, in The New Financial Architecture in the Eurozone , F. Allen, E. Carletti, and J. ", Abiad, Abdul & DellAriccia, Giovanni & Li, Bin, 2011.
Helpful inputs from , Economic Issues No. International Monetary Fund. To purchase short-term access, please sign in to your personal account above. ", Dell'Ariccia, Giovanni & Ferreira, Caio & Jenkinson, Nigel & Laeven, Luc & Martin, Alberto & Minoiu, Camelia & Popov, Alexander, 2018. Source: Crossref Zombies on the Brink. , Staff Discussion Notes No.
", Tito Cordella & Giovanni DellAriccia & Robert Marquez, 2018. To do this, we use the anonymous data provided by cookies. Journal of Money, Credit, and Banking, 2006, October, Vol. , Working Paper No. Giovanni Dell'Ariccia is an Advisor, Research Department, International Monetary Fund and Research Fellow, CEPR (E-mail: gdellariccia@imf.org). ", Tito Cordella & Giovanni Dell'Aricca, 2002. Giovanni Dell'Ariccia International Monetary Fund (IMF) - Research Department; Centre for Economic Policy Research (CEPR) Deniz Igan International Monetary Fund (IMF) - Financial Studies Division Luc Laeven European Central Bank (ECB); Centre for Economic Policy Research (CEPR) There are 3 versions of this paper Date Written: January 1, 2009 He is a CEPR Research Fellow. By
When on the institution site, please use the credentials provided by your institution. We are always working to improve this website for our users. 267-293. 16/4 , March 03, 2016, Housing Finance and Real-Estate Booms : A Cross-Country Perspective
401-430. ", Cerutti, Eugenio & Dell'Ariccia, Giovanni & Martinez Peria, Maria Soledad, 2005. 14/3 , April 04, 2014, Bailouts and Systemic Insurance
", Crowe, Christopher & DellAriccia, Giovanni & Igan, Deniz & Rabanal, Pau, 2013. Giovanni Dell'Ariccia, Giovanni Dell'Ariccia 1 IMF, University of Amsterdam, and CEPR; IMF and CEPR; IMF; IMF, CentER, Tilburg University, and CEPR. If you are a member of an institution with an active account, you may be able to access content in one of the following ways: Typically, access is provided across an institutional network to a range of IP addresses. ", Mr. Eugenio M Cerutti & Jihad Dagher & Mr. Giovanni Dell'Ariccia, 2015. 38, pp. Agur, Itai and Ari, Anil and Dell'Ariccia, Giovanni, Designing Central Bank Digital Currencies (October 2020). Designing Central Bank Digital Currencies (with I. Agur and A. Ari). Reaping the Benefits of Financial Globalization, Credit Booms and Lending Standards: Evidence From The Subprime Mortgage Market, Credit Booms and Lending Standards: Evidence from the Subprime Mortgage Market, Credit Booms and Lending Standards: Evidence From the Subprime Mortgage Market, Credit Booms and Lending Standards : Evidence from the Subprime Mortgage Market. Olivier Blanchard, Giovanni Dell'Ariccia, and Paolo Mauro I N T E R N A T I O N A L M O N E T A R Y F U N D. INTERNATIONAL MONETARY FUND Research Department . Cookie Settings. ", Helge Berger & Giovanni DellAriccia & Maurice Obstfeld, 2019. Banks and Credit in Japan, in T. Callen and J. Ostry eds. ", DellAriccia, Giovanni & Kadyrzhanova, Dalida & lev, ratnovski & Minoiu, Camelia, 2018. Our findings point to vulnerabilities to be monitored and areas of needed national and international reforms to reduce risk of future crises and cross-border spillovers. Then, the optimal CBDC design trades of bank intermediation against the social value of maintaining diverse payment instruments. ", Giovanni Dell'Ariccia & Deniz Igan, 2014. Unconventional Monetary Policies in the Euro Area, Japan, and the United Kingdom (with Pau Rabanal and Damiano Sandri). In booms, however, it may be optimal to save on screening costs and lend indiscriminately to the entire applicant population. How banks go abroad : branches or subsidiaries ? Competition among regulators and credit market integration, Asymmetric information and the structure of the banking industry, Adverse Selection as a Barrier to Entry in the Banking Industry, RBA Annual Conference Volume (Discontinued), Short-term Interest Rates and Bank Lending Terms: Evidence from a Survey of U.S. Loans, Central Banking, Analysis, and Economic Policies Book Series, Financial Fragmentation, Real-sector Lending, and the European Banking Union, The New International Financial System Analyzing the Cumulative Impact of Regulatory Reform, Introduction: Rethinking Macro Policy II--Getting Granular, What Have We Learned? Here, we Economic Policies for the COVID-19 War (with P. Mauro, A. Spilimbergo, and J. Zettelmeyer), IMF-Blog, April 2020. His research interests include: Banking; the Macroeconomics of Credit; Monetary Policy; International Finance; and Conditionality in International Lending and Aid Programs. Enter your library card number to sign in. Tito Cordella1 Giovanni Dell'Ariccia2 . Keywords: Banking sector, Euro Area, European Central Bank, Bank supervision, Centralized bank supervision, bank risk taking, limited liability, Suggested Citation:
Can cost increases increase competition? , Occasional Paper No. ", Mr. Giovanni Dell'Ariccia & Mr. Robert Marquez, 2001. ", Mr. Giovanni Dell'Ariccia & Mr. Pau Rabanal & Mr. Christopher W. Crowe & Ms. Deniz O Igan, 2011. 31, Issue 86, pp. Suggested Citation, Villa La Fonte, via delle Fontanelle 1850016 San Domenico di FiesoleFlorence, Florence 50014Italy, 700 19th Street NWWashington, DC 20431United States202-623-8135 (Phone)202-623-4352 (Fax), One Shields AvenueApt 153Davis, CA 95616United States, International Monetary Fund (IMF) Research Paper Series, Subscribe to this free journal for more curated articles on this topic, Behavioral & Experimental Finance eJournal, Subscribe to this fee journal for more curated articles on this topic, European Economics: Microeconomics & Industrial Organization eJournal, European Economics: Macroeconomics & Monetary Economics eJournal, Econometric Modeling: Financial Markets Regulation eJournal, Monetary Economics: Central Banks - Policies & Impacts eJournal, Monetary Economics: International Financial Flows, Financial Crises, Regulation & Supervision eJournal, International Political Economy: Investment & Finance eJournal, We use cookies to help provide and enhance our service and tailor content. Thus, the net effect of centralization on bank risk taking depends on the balance of these two effects. ", Elena Carletti & Mr. Giovanni Dell'Ariccia & Mr. Robert Marquez, 2016. ", Giovanni Dell'Ariccia & Robert Marquez, 2006. IMF Working Paper No. We study the optimal design of a central bank digital currency (CBDC) in an environment where agents sort into cash, CBDC, and bank deposits according to their preferences over anonymity and security; and where network effects make the convenience of a payment instrument depend on the number of its users. ", Giovanni Dell'Ariccia & Pietro Garibaldi, 2005. , Staff Discussion Notes No. When the policy rate is low, high-charter-value (well-capitalized) banks increase risk taking; low-charter-value (poorly capitalized) banks do the opposite. ", Mr. Pau Rabanal & Mr. Christopher W. Crowe & Mr. Giovanni Dell'Ariccia & Ms. Deniz O Igan, 2011. ", Giovanni Dell'Ariccia & Ezra Friedman & Robert Marquez, 1999.
GIOVANNI DELL'ARICCIA, GIOVANNI DELL'ARICCIA. When network effects matter, an interest-bearing CBDC alleviates the central bank's tradeoff. (with I. Agur, D. Capelle, and D. Sandri), Draft Departmental Paper. Gabriel Jimnez,
Bocconi University - Department of Finance; European University Institute - Robert Schuman Centre for Advanced Studies (RSCAS), International Monetary Fund (IMF) - Research Department; Centre for Economic Policy Research (CEPR). Bank Capital: A Seawall Approach (with J. Dagher, L. Laeven, L. Ratnovski, and H. Tong), International Journal of Central Banking, 2020, March, pp. Marquez is at Arizona State University. ", Ms. Deniz O Igan & Hala Moussawi & Alexander F. Tieman & Ms. Aleksandra Zdzienicka & Mr. Giovanni Dell'Ariccia & Mr. Paolo Mauro, 2019. , February 09, 2018, Bank Lending in the Knowledge Economy
, Working Paper No. 13/3 , April 15, 2013, A Banking Union for the Euro Area
3, Autumn, pp. Economic research is a core activity at the IMF. A CBDC can be designed with attributes similar to cash or deposits, and can be interest bearing: a CBDC that closely competes with deposits depresses bank credit and output, while a cash-like CBDC may lead to the disappearance of cash. 05/63 , March 01, 2005, Early Birds, Late Risers, and Sleeping Beauties: Bank Credit Growth to the Private Sector in Central and Eastern Europe and in the Balkans
View your signed in personal account and access account management features. 72, No. Then, the optimal CBDC design trades off bank intermediation against the social value of maintaining diverse payment instruments. Deniz Igan, To learn more, visit
(with Eugenio Cerutti and Jihad Dagher). GIOVANNI DELL' ARICCIA there is a high variance in the quality of applicants, incentives for individual screening are high, and banks tend to acquire much more information and fund relatively high-quality borrowers. Stijn Claessens and others, Cross-country experiences and policy implications from the global financial crisis, Economic Policy, Volume 25, Issue 62, 1 April 2010, Pages 267293, https://doi.org/10.1111/j.1468-0327.2010.00244.x. Public profiles for Economics researchers, Curated articles & papers on economics topics, Upload your paper to be listed on RePEc and IDEAS, Data, research, apps & more from the St. Louis Fed, Initiative for open bibliographies in Economics, Have your institution's/publisher's output listed on RePEc, Washington, District of Columbia (United States), http://www.imf.org/external/np/cv/CV.aspx?AuthID=128, Discerning Good from Bad Credit Booms: The Role of Construction, Designing Central Bank Digital Currencies, Designing central bank digital currencies, The Long Shadow of the Global Financial Crisis: Public Interventions in the Financial Sector, Revisiting The Economic Case For Fiscal Union In The Euro Area, Revisiting the Economic Case for Fiscal Union in the Euro Area, Government guarantees, transparency, and bank risk-taking, Government Guarantees, Transparency, and Bank Risk Taking, Supervisory Incentives in a Banking Union, Bank Leverage and Monetary Policy's Risk-Taking Channel: Evidence from the United States, Bank leverage and monetary policy's risk-taking channel: evidence from the United States, Housing Finance and Real-Estate Booms: A Cross-Country Perspective, Housing finance and real-estate booms: A cross-country perspective, Rethinking Macro Policy II: Getting Granular, Policies for Macrofinancial Stability: How to Deal with Credit Booms, Bailouts, Contagion, and Bank Risk-Taking, Policies for Macrofinancial Stability: Options to Deal with Real Estate Booms, How to Deal with Real Estate Booms: Lessons from Country Experiences, How to deal with real estate booms: Lessons from country experiences, Monetary Policy, Leverage, and Bank Risk-taking, Monetary Policy, Leverage, and Bank Risk Taking, Monetary Policy, Leverage, and Bank Risk-Taking, Lessons and Policy Implications from the Global Financial Crisis. Previously he worked in the Asia and Pacific Department. ", Giovanni DellAriccia & Dalida Kadyrzhanova & Camelia Minoiu & Lev Ratnovski, 2021. Here you will find options to view and activate subscriptions, manage institutional settings and access options, access usage statistics, and more. Giovanni Dell'Ariccia. , Working Paper No. Google Scholar. (IMF WP 98/101) IMF Staff Papers, 1999, Vol. 44, No. Revisiting the Economic Case for Fiscal Union in the Euro Area (with H. Berger and M. Obstfeld), IMF Economic Review , 2019, Vol. ", Mr. Giovanni Dell'Ariccia & Mr. Jeromin Zettelmeyer & Ms. Isabel Schnabel, 2002. , Occasional Paper No. Thailand: Selected Issues, 2006. (with Tito Cordella) Economic Journal, 2007, Vol 117, pp. and
", Mr. Giovanni Dell'Ariccia & Raghuram Rajan & Ms. Enrica Detragiache, 2005. , Working Paper No. ", Dell'Ariccia, Giovanni & Marquez, Robert, 2006. European Economic Review 45 (10), 1957-1980, 2001. Research Ph.D. Connect with experts in your field Join ResearchGate to contact this researcher and connect with your scientific community.. ", LEV RATNOVSKI & Giovanni Dell'Ariccia, 2012. Yener Altunbas,
", DellAriccia, Giovanni & Garibaldi, Pietro, 2000. ", Olivier Blanchard & Giovanni Dell'Ariccia & Paolo Mauro, 2010. Gross Credit Flows (with Pietro Garibaldi), Review of Economic Studies, 2005, Vol. Bailouts and Systemic Insurance (with L. Ratnovsky), Journal of Banking and Finance, 2019, Vol. ", Giovanni Dellariccia & Deniz Igan & Luc Laeven, 2012. Giovanni Dell'Ariccia International Monetary Fund (IMF) - Research Department; Centre for Economic Policy Research (CEPR) Luc Laeven European Central Bank (ECB); Centre for Economic Policy Research (CEPR) Fabin Valencia International Monetary Fund (IMF) Date Written: July 1, 2010 Abstract The IMF Press Center is a password-protected site for working journalists. 367-84. Bank Lending in the Knowledge Economy (with D. Kadyrzhanova, C. Minoiu, and L. Ratnovski), Review of Financial Studies, 2021, Volume 34, pp. Factors common to other crises, like asset price bubbles and current account deficits, help to explain cross-country differences in the severity of real economic impacts. He most often published in these fields: Monetary economics (45.58%) Financial system (35.84%) Monetary policy (26.11%) What were the highlights of his more recent work (between 2015-2021)? You can help correct errors and omissions. To do this, we use the anonymous data provided by cookies.
Ph.D. in Economics (1997). (2014), where banks face convex monitoring costs and are protected by limited liability so that they only repay depositors when projects succeed. 9, pp. Information collection may be inferior to that under fully independent local supervisors or under centralized information collection. ", Cerutti, Eugenio & Dagher, Jihad & Dell'Ariccia, Giovanni, 2017. 3. His research interests include: Banking; the Macroeconomics of Credit; Monetary Policy; International Finance; and Conditionality in International Lending and Aid Programs. ", Giovanni Dell'Ariccia & Luc Laeven & Gustavo A. Suarez, 2017. 38, pp. Giovanni Dell'Ariccia is the Deputy Director of the IMF's Research Department. ". 18/16 , September 07, 2018, Revisiting the Economic Case for Fiscal Union in the Euro Area
Giovanni Dell'Ariccia & Karl Habermeier & Vikram Haksar & Tommaso Mancini-Griffoli, 2017. Access to content on Oxford Academic is often provided through institutional subscriptions and purchases. Speed Kills? 2-3 (March-April), pp. International Monetary Fund (IMF) - Research Department ( email) 700 19th Street NW Washington, DC 20431 United States 202-623-8135 (Phone) 202-623-4352 (Fax) Centre for Economic Policy Research (CEPR) London United Kingdom.
Capital Regulation, Risk-Taking and Monetary Policy: A Missing Link in the Transmission Mechanism? 1 per Author), Number of Journal Pages, Weighted by Simple Impact Factor, Number of Journal Pages, Weighted by Recursive Impact Factor, Number of Journal Pages, Weighted by Number of Authors and Simple Impact Factors, Number of Journal Pages, Weighted by Number of Authors and Recursive Impact Factors, Number of Abstract Views in RePEc Services over the past 12 months, Number of Downloads through RePEc Services over the past 12 months, Number of Abstract Views in RePEc Services over the past 12 months, Weighted by Number of Authors, Number of Downloads through RePEc Services over the past 12 months, Weighted by Number of Authors, Closeness measure in co-authorship network, Betweenness measure in co-authorship network, [This author has chosen not to make the email address public], IMF 700 19th Street NW Washington DC 20431 USA, 1997 Economics Department; Massachusetts Institute of Technology (MIT) (from, Mr. Giovanni Dell'Ariccia & Mr. Ehsan Ebrahimy & Ms. Deniz O Igan & Mr. Damien Puy, 2020. 264 , December 16, 2008, Credit Booms and Lending Standards: Evidence from the Subprime Mortgage Market
", Dell'Ariccia, Giovanni & Marquez, Robert, 2004. , Working Paper No. (with Isabel Goedde and Jeromin Zettlemeyer). Previously he worked in the Asia and Pacific Department. Cross-Country Experience and Policy Implications from the Global Financial Crisis. Click the account icon in the top right to: Oxford Academic is home to a wide variety of products. Journal of Money, Credit and Banking Rethinking Macroeconomic Policy OLIVIER BLANCHARD, GIOVANNI DELL'ARICCIA, PAOLO MAURO First published: 18 August 2010 https://doi.org/10.1111/j.1538-4616.2010.00334.x Citations: 310 We study the optimal design of a central bank digital currency (CBDC) in an environment where agents sort into cash, CBDC and bank deposits according to their preferences over anonymity and security; and where network effects make the convenience of payment instruments dependent on the number of their users. View Giovanni Dell'Ariccia's profile on LinkedIn, the world's largest professional community. Gray editors, EUI, April 2015, The evolution of monetary policy: More art and less science, (with K. Habermeier), IMF-Blog April 2014, Benefits and Challenges of International Regulatory and Supervisory Cooperation. , Staff Discussion Notes No. 32, No.3, pp. 5036-76. WORKING PAPER SERIES - No. (with Eugenio Cerutti and Maria Soledad Martinez-Peria), Journal of Banking and Finance, 2007, Vol.31, pp. Information and Credit Allocation
Dell'Ariccia is at the International Monetary Fund (IMF) and the Center for Economic Policy Research (CEPR). The Relationship between the Recent Boom and the Current Delinquencies in Subprime Mortgages (with Deniz Igan and Luc Laeven), 2008, in The First Global Financial Crisis of the 21st Century, eds. The views expressed in this paper are those of the authors and do not necessarily represent those of the IMF. "Repensar la poltica macroeconmica," Revista de Economa Institucional, Universidad Externado de Colombia - Facultad de Economa, vol. How Banks Go Abroad: Branches or Subsidiaries? IMF Members' Quotas and Voting Power, and Board of Governors, IMF Regional Office for Asia and the Pacific, IMF Capacity Development Office in Thailand (CDOT), IMF Regional Office in Central America, Panama, and the Dominican Republic, High-Level Summary Technical Assistance Reports, Financial Sector Assessment Program (FSAP), Currency Composition of Official Foreign Exchange Reserves. (with Ezra Friedman and Robert Marquez), Exchange Rate Fluctuations and Trade Flows: Evidence from the European Union. 02/181 , October 01, 2002, Limits of Conditionality in Poverty Reduction Programs
", Cottarelli, Carlo & Dell'Ariccia, Giovanni & Vladkova-Hollar, Ivanna, 2005. There, details are also given on how to add or correct references and citations. Laurea in Scienze Statistiche ed Economiche (Summa cum Laude). 10/44 , February 01, 2010, Reaping the Benefits of Financial Globalization
Giovanni Dell'Ariccia is the Deputy Director of the IMF's Research Department. Suggested Citation, 700 19th Street NWWashington, DC 20431United States, HOME PAGE: http://https://sites.google.com/site/anlari/, 700 19th Street NWWashington, DC 20431United States202-623-8135 (Phone)202-623-4352 (Fax), International Monetary Fund (IMF) Research Paper Series, Subscribe to this free journal for more curated articles on this topic, Subscribe to this fee journal for more curated articles on this topic, Monetary Economics: Central Banks - Policies & Impacts eJournal, Monetary Economics: Financial System & Institutions eJournal, International Political Economy: Monetary Relations eJournal, Comparative Political Economy: Monetary Policy eJournal, We use cookies to help provide and enhance our service and tailor content.
, Working Paper No. 125, pp. For full access to this pdf, sign in to an existing account, or purchase an annual subscription. 1995-1996, Fellowship Banca Nazionale del Lavoro, Rome. Some societies use Oxford Academic personal accounts to provide access to their members. Journal of Money, Credit and Banking 42, 199-215, G Dell'Ariccia, E Detragiache, M Mussa, BJ Eichengreen, Journal of Money, Credit and Banking 44 (23), 367-384, Journal of Financial Intermediation 17 (1), 89-112, Journal of Financial Economics 72 (1), 185-214, S Claessens, G DellAriccia, D Igan, L Laeven, C Cottarelli, G DellAriccia, I Vladkova-Hollar, Journal of banking & Finance 29 (1), 83-104, C Crowe, G DellAriccia, D Igan, P Rabanal, Journal of financial stability 9 (3), 300-319, emilia bonaccorsi di patti and giovanni dell'ariccia, journal of money, credit, and banking 36 (2), 225-251, G DellAriccia, D Igan, L Laeven, H Tong, B Bakker, J Vandenbussche, European Economic Review 45 (10), 1957-1980, G De Nicolo, G DellAriccia, L Laeven, F Valencia, Journal of Financial Economics 79 (2), 401-430, Head of Macroeconomic Analysis, Bank for International Settlements, Professor of Finance, University of California, Davis, Principal Economist - Bank for International Settlements, Professor of Finance, Booth School, University of Chicago, Senior Fellow, Hutchins Center, the Brookings Institution, Johns Hopkins University Carey Business School, Capital account liberalization: theoretical and practical aspects, Credit booms and lending standards: Evidence from the subprime mortgage market, Bank leverage and monetary policy's risktaking channel: evidence from the United States, Real interest rates, leverage, and bank risk-taking, Cross-country experiences and policy implications from the global financial crisis, Early birds, late risers, and sleeping beauties: Bank credit growth to the private sector in Central and Eastern Europe and in the Balkans, How to deal with real estate booms: Lessons from country experiences, Exchange rate fluctuations and trade flows: Evidence from the European Union, Adverse selection as a barrier to entry in the banking industry, Policies for macrofinancial stability: How to deal with credit booms, How do banks go abroad: Branches or subsidiaries, Asymmetric information and the structure of the banking industry, Monetary policy and bank risk taking. (2011), and Dell'Ariccia et al. (with Ezra Friedman and Robert Marquez) RAND Journal of Economics, 1999, Vol.
46, No. , Working Paper No. (with Tito Cordella). ", Olivier Blanchard & Giovanni Dell'Ariccia & Paolo Mauro, 2014. How to Deal with Real Estate Booms: Lessons from Country Experiences, (with Chris Crowe, Deniz Igan, and Pau Rabanal), Journal of Financial Stability, 2013, Vol. 11/91 , April 01, 2011, Policies for Macrofinancial Stability: Options to Deal with Real Estate Booms
Bank Competition and Firm Creation (with Emilia Bonaccorsi) Journal of Money, Credit, and Banking, 2004, April, Vol. Steven Ongena, We use cookies to help provide and enhance our service and tailor content. , Departmental Paper No. (2002), Dell'Ariccia and Marquez (2006), Allen et al. ", Mr. Abdul d Abiad & Mr. Giovanni Dell'Ariccia & Ms. Grace B Li, 2011.
", Morten Balling & Christian Sinding Bentzen & Jesper Berg & Alan Boyce & Per Callesen & Jos Carrasco-Gallego & Giovanni DellAriccia & R. Glenn Hubbard & Deniz Igan & Marius Jurgilus & Kevin J. Lansin, 2013. A Dip into Subzero Policy Rates, (with V. Haksar and T. Mancini-Griffoli), IMF-Blog, August 2017. ", Giovanni Dell'Ariccia & Robert Marquez, 2010. Keywords: Central banks, Financial systems, Central banking, Interest rates on loans, Interest rates on deposits, CBDC, Fintech, Digital currency, Financial intermediation, Network effects., WP, intermediation, interest-bearing, network effect, network externality, central bank, JEL Classification: E41, E58, G28, G21, E01, E52, P, M41, Suggested Citation:
17, pp. Andrew Felton and Carmen Reinhart, CEPR: London, UK. We would like to thank Giacinta Cestone . ", Emilia Bonaccorsi di Patti & Giovanni Dell & Ariccia#x2019, 2000. Digital currencies, information, and credit provision (with I. Agur and A. Ari), Creditless Recoveries (with A. Abiad, B. Li, and N. Pierri). Government Guarantees, Transparency and Bank Risk-taking (with Tito Cordella and Robert Marquez). Yet, a 'tougher' central supervisor may increase regulatory standards. By
", Dell'Ariccia, Giovanni & Laeven, Luc & Marquez, Robert, 2010. The financial crisis of 2007--2008 is rooted in a number of factors, some common to previous financial crises, others new. How Do Official Bailouts Affect the Risk of Investing in Emerging Markets? They also reinforce a (sad) state of knowledge: much of how crises start and spread remains unknown. , Working Paper No. Choose this option to get remote access when outside your institution. ", Cerutti, Eugenio & Dell'Ariccia, Giovanni & Martinez Peria, Maria Soledad, 2007. The institutional subscription may not cover the content that you are trying to access. 30, No. He is a CEPR Research Fellow. Designing Central Bank Digital Currencies (with I. Agur and A. Ari), Journal of Monetary Economics, 2022, Vol. Gross Credit Flows (with Pietro Garibaldi), Early Birds, Late Risers, and Sleeping Beauties: Bank Credit Growth to the Private Sector in Central and Eastern Europe and in the Balkans (with Carlo Cottarelli and Ivanna Vladkova-Hollar) , Information and Credit Allocation (with Robert Marquez), Bank Competition and Firm Creation (with Emilia Bonaccorsi), Limits of Conditionality in Poverty Reduction Programs (with Tito Cordella). The Long Shadow of the Global Financial Crisis: Public Intervention in the Financial Sector, (with D. Igan, P. Mauro, H. Moussawi, A. Tieman, and A. Zdzienicka), IMF Economic Review, forthcoming. 65(3), pages 1075-1096, June.Olivier Blanchard & Giovanni Dell'Ariccia & Paolo Mauro, 2010.
, Staff Discussion Note No. All rights reserved. 08/106 , April 01, 2008, The Real Effect of Banking Crises
If you wish to purchase the right to make copies of this paper for distribution to others, please select the quantity. 370: 2001: Monetary policy and bank risk taking. International Monetary Fund (IMF) - Research Department ( email) 700 19th Street NW Washington, DC 20431 United States 202-623-8135 (Phone) 202-623-4352 (Fax) Centre for Economic Policy Research (CEPR) London United Kingdom. ", Stijn Claessens & Giovanni DellAriccia & Deniz Igan & Luc Laeven, 2010. Budget Support versus Project Aid: a Theoretical Appraisal. 17/234 , November 07, 2017, Supervisory Incentives in a Banking Union
(with Deniz Igan, and Luc Laeven), 2008, Proceedings, Federal Reserve Bank of Chicago, May, 201-204. Credit Booms: the Good, the Bad, and the Ugly. 1689-1714. 105, pp. 03/213 , November 01, 2003, Budget Support versus Project Aid
, Working Paper No. Giovanni Dell'Ariccia is a Deputy Director in the Research Department, Pau Rabanal is a Deputy Division Chief in the Research Department, and Damiano Sandri is a Senior Economist in the Western Hemisphere Department, all at the International Monetary Fund, Washington, DC.