P
Paolo Angelini
Researcher at Banca d'Italia
Publications - 53
Citations - 4546
Paolo Angelini is an academic researcher from Banca d'Italia. The author has contributed to research in topics: Monetary policy & Interbank lending market. The author has an hindex of 28, co-authored 52 publications receiving 4419 citations.
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Journal ArticleDOI
On the Evolution of Firm Size Distributions
Paolo Angelini,Andrea Generale +1 more
TL;DR: In this paper, the impact of financial constraints on firm size distribution (FSD) was studied and it was found that financially constrained firms, identified using various proxies, are smaller than the others (their FSD is more skewed to the right).
Journal ArticleDOI
The Effects of Regulatory Reform on Competition in the Banking Industry
Paolo Angelini,Nicola Cetorelli +1 more
TL;DR: In this paper, the authors analyzed the evolution of competitive conditions in the Italian banking industry using firm-level balance sheet data for the period 1984-1997 and found that competitive conditions, relatively unchanged until 1992, have improved substantially thereafter, as signaled by the decline in estimated markups.
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The Interbank Market after August 2007: What Has Changed, and Why?
TL;DR: This paper analyzed the micro and macroeconomic determinants of this phenomenon, finding that before August 2007 interbank rates were insensitive to borrower characteristics, whereas afterwards they became reactive to borrowers' creditworthiness.
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The Interaction between Capital Requirements and Monetary Policy
TL;DR: In this paper, the interaction between capital requirements and monetary policy is assessed by means of simple rules in a dynamic general equilibrium model featuring a banking sector, and the benefits of introducing capital requirements become sizeable when financial shocks, which affect the supply of loans, are important drivers of economic dynamics; the availability of capital requirements as a policy tool yields a significant gain in terms of macroeconomic stabilization.
Posted Content
Basel III: Long-term impact on economic performance and fluctuations
Paolo Angelini,Laurent Clerc,Vasco C�rdia,Leonardo Gambacorta,Andrea Gerali,Alberto Locarno,Roberto Motto,Werner Roeger,Skander Van den Heuvel,Jan Vlček +9 more
TL;DR: In this article, the authors assess the long-term economic impact of the new regulatory standards (the Basel III reform), answering the following questions: (1) What is the impact of reform on longterm economic performance? (2) What are the benefits of reform in terms of reduced frequency and severity of financial crisis, analyzed in Basel Committee on Banking Supervision (BCBS, 2010b).