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Elena Carletti
Researcher at Bocconi University
Publications - 144
Citations - 7558
Elena Carletti is an academic researcher from Bocconi University. The author has contributed to research in topics: Market liquidity & Asset (economics). The author has an hindex of 38, co-authored 144 publications receiving 6913 citations. Previous affiliations of Elena Carletti include Goethe University Frankfurt & University of Mannheim.
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Credit Market Competition and Capital Regulation
TL;DR: In this article, the authors show that the level of capital demanded by market participants may be above the one chosen by a regulator, even when capital is a relatively costly source of funds.
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Mark-to-Market Accounting and Liquidity Pricing
Franklin Allen,Elena Carletti +1 more
TL;DR: In this paper, the authors show that a shock in the insurance sector can cause the current value of banks' assets to be less than their liabilities so the banks are insolvent, whereas if historic cost accounting is used, banks are allowed to continue and can meet all their future liabilities.
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Asset commonality, debt maturity and systemic risk
TL;DR: In this article, the authors develop a model in which asset commonality and short-term debt of banks interact to generate excessive systemic risk, and show that information contagion is more likely under clustered asset structures.
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Interbank Market Liquidity and Central Bank Intervention
TL;DR: In this article, the authors develop a simple model of the interbank market where banks trade a long term, safe asset and a central bank can implement the constrained efficient allocation by using open market operations to fix the short term interest rate.
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Credit Risk Transfer and Contagion
TL;DR: In this paper, the authors show that credit risk transfer can be beneficial when banks face uniform demand for liquidity, but when they face idiosyncratic liquidity risk and hedge this risk in an interbank market, it can lead to contagion between the two sectors and increase the risk of crises.