Elena Carletti

Bocconi University - Department of Finance

Full Professor

Via Roentgen 1

Milano, MI 20136

Italy

European University Institute - Robert Schuman Centre for Advanced Studies (RSCAS)

Villa La Fonte, via delle Fontanelle 18

50016 San Domenico di Fiesole

Florence, Florence 50014

Italy

SCHOLARLY PAPERS

33

DOWNLOADS
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Top 1,240

in Total Papers Downloads

18,906

CITATIONS
Rank 1,302

SSRN RANKINGS

Top 1,302

in Total Papers Citations

425

Scholarly Papers (33)

1.
Downloads 2,547 ( 3,719)
Citation 24

Financial Crises: Theory and Evidence

Number of pages: 44 Posted: 22 Jun 2009 Last Revised: 26 Jan 2014
Ana Babus, Elena Carletti and Franklin Allen
Federal Reserve Bank of Chicago, Bocconi University - Department of Finance and Imperial College London
Downloads 2,547 (3,639)
Citation 24

Abstract:

2.

The Role of Liquidity in Financial Crises

Number of pages: 37 Posted: 19 Sep 2008 Last Revised: 26 Jan 2014
Franklin Allen and Elena Carletti
Imperial College London and Bocconi University - Department of Finance
Downloads 2,300 (3,079)
Citation 22

Abstract:

3.

Stakeholder Capitalism, Corporate Governance and Firm Value

EFA 2007 Ljubljana Meetings Paper, ECGI - Finance Working Paper No. 190/2007, Wharton Financial Institutions Center Working Paper #09-28
Number of pages: 39 Posted: 05 Mar 2007 Last Revised: 18 Oct 2014
Franklin Allen, Elena Carletti and Robert Marquez
Imperial College London, Bocconi University - Department of Finance and University of California, Davis
Downloads 2,047 (3,757)
Citation 21

Abstract:

Firm objective, co-determination, imperfect competition

4.
Downloads 1,777 ( 6,925)
Citation 33

Bank Mergers, Competition and Liquidity

ECB Working Paper No. 292
Number of pages: 51 Posted: 27 Apr 2004
Elena Carletti, Philipp Hartmann and Giancarlo Spagnolo
Bocconi University - Department of Finance, European Central Bank (ECB) and Stockholm School of Economics (SITE)
Downloads 1,761 (6,906)
Citation 33

Abstract:

Credit market competition, bank reserves, internal money market, banking system liquidity

Bank Mergers, Competition and Liquidity

CEPR Discussion Paper No. 4260
Number of pages: 46 Posted: 05 Apr 2004
Elena Carletti, Philipp Hartmann and Giancarlo Spagnolo
Bocconi University - Department of Finance, European Central Bank (ECB) and Stockholm School of Economics (SITE)
Downloads 16 (487,995)
Citation 33
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Abstract:

Credit market competition, bank reserves, internal money market, banking system liquidity

5.

Competition and Stability: What's Special About Banking?

ECB Working Paper No. 146
Number of pages: 50 Posted: 17 Jan 2003
Elena Carletti and Philipp Hartmann
Bocconi University - Department of Finance and European Central Bank (ECB)
Downloads 1,381 (7,173)
Citation 52

Abstract:

Bank competition, antitrust policies, mergers & acquisitions, financial stability, banking supervision

6.

Mark-to-Market Accounting and Liquidity Pricing

Number of pages: 32 Posted: 26 Jul 2006
Franklin Allen and Elena Carletti
Imperial College London and Bocconi University - Department of Finance
Downloads 816 (21,973)
Citation 56

Abstract:

Mark-to-market, historical cost, incomplete markets

7.

Credit Market Competition and Capital Regulation

Robert H. Smith School Research Paper No. RHS 06-37, Wharton Financial Institutions Center Working Paper No. 05-27, CFS Working Paper No. 2005/23, FEDS Working Paper No. 2006-11, EFA 2006 Zurich Meetings
Number of pages: 62 Posted: 09 Oct 2005 Last Revised: 26 Jan 2014
Franklin Allen, Elena Carletti and Robert Marquez
Imperial College London, Bocconi University - Department of Finance and University of California, Davis
Downloads 510 (41,119)
Citation 46

Abstract:

8.
Downloads 430 ( 54,928)
Citation 17

Stakeholder Governance, Competition and Firm Value

CESifo Working Paper Series No. 4652
Number of pages: 42 Posted: 13 Mar 2014
Franklin Allen, Elena Carletti and Robert Marquez
Imperial College London, Bocconi University - Department of Finance and University of California, Davis
Downloads 358 (67,836)
Citation 17

Abstract:

Stakeholder Governance, Competition and Firm Value

Review of Finance (Forthcoming)
Number of pages: 43 Posted: 28 Oct 2013 Last Revised: 18 Oct 2014
Franklin Allen, Elena Carletti and Robert Marquez
Imperial College London, Bocconi University - Department of Finance and University of California, Davis
Downloads 72 (278,494)
Citation 16

Abstract:

Financial Connections and Systemic Risk

European Banking Center Discussion Paper No. 2010-23S, CentER Discussion Paper Series No. 2010-88S
Number of pages: 43 Posted: 28 Aug 2010
Franklin Allen, Ana Babus and Elena Carletti
Imperial College London, Federal Reserve Bank of Chicago and Bocconi University - Department of Finance
Downloads 359 (67,626)
Citation 15

Abstract:

Financial networks, diversification, short term finance, rollover risk

Financial Connections and Systemic Risk

NBER Working Paper No. w16177
Number of pages: 43 Posted: 12 Jul 2010 Last Revised: 15 Sep 2010
Franklin Allen, Ana Babus and Elena Carletti
Imperial College London, Federal Reserve Bank of Chicago and Bocconi University - Department of Finance
Downloads 67 (290,096)
Citation 15

Abstract:

Financial Connections and Systemic Risk

Posted: 04 Nov 2009
Franklin Allen, Ana Babus and Elena Carletti
Imperial College London, Federal Reserve Bank of Chicago and Bocconi University - Department of Finance

Abstract:

10.

The Structure of Bank Relationships, Endogenous Monitoring and Loan Rates

EFMA 2001 Lugano Meetings
Number of pages: 40 Posted: 03 Jan 2001
Elena Carletti
Bocconi University - Department of Finance
Downloads 422 (54,787)
Citation 26

Abstract:

Financial intermediaries, lending relationships, monitoring, loan rates

11.

Credit Risk Transfer and Contagion

CFS Working Paper No. 2005/25
Number of pages: 34 Posted: 24 Oct 2005
Franklin Allen and Elena Carletti
Imperial College London and Bocconi University - Department of Finance
Downloads 417 (53,734)
Citation 55

Abstract:

Financial innovation, Pareto inferior, banking, insurance

12.

The Economic Impact of Merger Control: What is Special about Banking?

ECB Working Paper No. 786
Number of pages: 60 Posted: 26 Jul 2007
Elena Carletti, Philipp Hartmann and Steven Ongena
Bocconi University - Department of Finance, European Central Bank (ECB) and University of Zurich - Department of Banking and Finance
Downloads 408 (54,787)
Citation 1

Abstract:

specialness of banks, mergers and acquisitions, competition policy, legal institutions, financial specialness of banks, mergers and acquisitions, competition policy, legal institutions, financial regulation

13.

Financial System: Shock Absorber or Amplifier?

BIS Working Paper No. 257
Number of pages: 26 Posted: 22 Jul 2008
Franklin Allen and Elena Carletti
Imperial College London and Bocconi University - Department of Finance
Downloads 375 (61,010)
Citation 3

Abstract:

Bank regulation, financial crisis, financial intermediation, market failure

14.

Banks, Markets and Liquidity

Wharton Financial Institutions Center Working Paper No. 07-24
Number of pages: 32 Posted: 17 Oct 2007
Franklin Allen and Elena Carletti
Imperial College London and Bocconi University - Department of Finance
Downloads 330 (70,745)
Citation 1

Abstract:

15.

The Economic Impact of Merger Control Legislation

FDIC Center for Financial Research Working Paper No. 2008-12, TILEC Discussion Paper No. 2008-006
Number of pages: 51 Posted: 20 Feb 2008 Last Revised: 13 Jan 2015
Elena Carletti, Philipp Hartmann and Steven Ongena
Bocconi University - Department of Finance, European Central Bank (ECB) and University of Zurich - Department of Banking and Finance
Downloads 289 (80,933)
Citation 5

Abstract:

mergers and acquisitions, competition policy, legal institutions, financial regulation

The Price of Law: The Case of the Eurozone Collective Action Clauses

Duke Law School Public Law & Legal Theory Series No. 2016-1
Number of pages: 36 Posted: 07 Nov 2015 Last Revised: 06 Sep 2017
Bocconi University - Department of Finance, Bocconi University - Department of Finance, Duke University School of Law and University of Zurich - Department of Banking and Finance
Downloads 200 (127,201)

Abstract:

collective action clauses, sovereign yields, reputation of law

The Price of Law: The Case of the Eurozone Collective Action Clauses

Number of pages: 36 Posted: 03 Aug 2016 Last Revised: 05 Jul 2017
Bocconi University - Department of Finance, Bocconi University - Department of Finance, Duke University School of Law and University of Zurich - Department of Banking and Finance
Downloads 42 (362,774)

Abstract:

collective action clauses, sovereign yields, reputation of law

17.
Downloads 236 (108,385)
Citation 1

Improving Access to Banking: Evidence from Kenya

Number of pages: 38 Posted: 17 Jul 2012
Imperial College London, Bocconi University - Department of Finance, World Bank - Development Research Group (DECRG), Fanhai International School of Finance, Fudan University, University of Maryland - Robert H. Smith School of Business and University of Chile
Downloads 160 (156,030)
Citation 1

Abstract:

Equity Bank, bank penetration, bank account, minority language, microfinance

Improving Access to Banking: Evidence from Kenya

World Bank Policy Research Working Paper No. 6593
Number of pages: 39 Posted: 20 Apr 2016
Imperial College London, Bocconi University - Department of Finance, World Bank - Development Research Group (DECRG), Fanhai International School of Finance, Fudan University, University of Maryland - Robert H. Smith School of Business and University of Chile
Downloads 76 (269,751)
Citation 1

Abstract:

Banks & Banking Reform, Access to Finance, Public Sector Corruption & Anticorruption Measures, Corporate Law, Debt Markets

Improving Access to Banking: Evidence from Kenya

CEPR Discussion Paper No. DP9840
Number of pages: 54 Posted: 02 Jun 2014
Imperial College London, Bocconi University - Department of Finance, World Bank - Development Research Group (DECRG), Fanhai International School of Finance, Fudan University, University of Maryland - Robert H. Smith School of Business and University of Chile
Downloads 0
Citation 1
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Abstract:

bank account, bank penetration, Equity Bank, microfinance, minority language

The Impact of Merger Legislation on Bank Mergers

Swiss Finance Institute Research Paper No. 16-33
Number of pages: 46 Posted: 21 May 2016 Last Revised: 09 Jul 2016
Bocconi University - Department of Finance, University of Zurich - Department of Banking and Finance, Federal Reserve Banks - Federal Reserve Bank of Cleveland and Stockholm School of Economics (SITE)
Downloads 134 (181,131)

Abstract:

banks; mergers and acquisitions; merger control; antitrust

The Impact of Merger Legislation on Bank Mergers

FRB of Cleveland Working Paper No. 16-14
Number of pages: 46 Posted: 15 Jun 2016 Last Revised: 03 Aug 2017
Bocconi University - Department of Finance, University of Zurich - Department of Banking and Finance, Federal Reserve Banks - Federal Reserve Bank of Cleveland and Stockholm School of Economics (SITE)
Downloads 87 (248,062)

Abstract:

banks, mergers and acquisitions, merger control, antitrust

19.

Multiple Bank-Lending: Diversification and Free-Riding in Monitoring

Riksbank Research Paper Series No. 8, EFA 2004 Maastricht Meetings Paper No. 3180
Number of pages: 43 Posted: 06 Jul 2004
Elena Carletti, Vittoria Cerasi and Sonja Daltung
Bocconi University - Department of Finance, Bicocca University - Department of Economics, Management & Statistics (DEMS) and Ministry of Finance
Downloads 212 (114,638)
Citation 15

Abstract:

individual-bank lending, multiple-bank lending, monitoring, diversification, free-riding problem

20.

Financial Intermediation, Markets, and Alternative Financial Sectors

Number of pages: 55 Posted: 26 Mar 2012
Imperial College London, Fanhai International School of Finance, Fudan University, Bocconi University - Department of Finance and University of Chile
Downloads 201 (91,908)
Citation 3

Abstract:

alternative finance, markets, banks, trade credits, governance, growth

21.
Downloads 119 (198,132)
Citation 1

Money, Financial Stability and Efficiency

Number of pages: 44 Posted: 18 Jan 2011
Franklin Allen, Elena Carletti and Douglas M. Gale
Imperial College London, Bocconi University - Department of Finance and New York University (NYU) - Department of Economics
Downloads 110 (210,954)
Citation 1

Abstract:

Money, Financial Stability and Efficiency

CEPR Discussion Paper No. DP8553
Number of pages: 47 Posted: 16 Sep 2011
Franklin Allen, Elena Carletti and Douglas M. Gale
Imperial College London, Bocconi University - Department of Finance and New York University (NYU) - Department of Economics
Downloads 9 (528,222)
Citation 1
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Abstract:

monetary policy, nominal contracts

22.

Deposits and Bank Capital Structure

Number of pages: 49 Posted: 23 Mar 2013 Last Revised: 24 May 2014
Franklin Allen, Elena Carletti and Robert Marquez
Imperial College London, Bocconi University - Department of Finance and University of California, Davis
Downloads 115 (131,679)

Abstract:

Deposit finance, bankruptcy costs, regulation

23.
Downloads 104 (218,577)
Citation 12

Asset Commonality, Debt Maturity and Systemic Risk

Number of pages: 50 Posted: 05 Nov 2011
Franklin Allen, Ana Babus and Elena Carletti
Imperial College London, Federal Reserve Bank of Chicago and Bocconi University - Department of Finance
Downloads 100 (225,968)
Citation 12

Abstract:

Contagion, clustered and unclustered networks, interim information

Asset Commonality, Debt Maturity and Systemic Risk

CEPR Discussion Paper No. DP8476
Number of pages: 54 Posted: 20 Jul 2011
Franklin Allen, Ana Babus and Elena Carletti
Imperial College London, Federal Reserve Bank of Chicago and Bocconi University - Department of Finance
Downloads 4 (554,444)
Citation 12
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Abstract:

interim information, rollover risk., Short-term debt

Resolving the African Financial Development Gap: Cross-Country Comparisons and a Within-Country Study of Kenya

NBER VOLUME ON AFRICAN ECONOMIC SUCCESSES, S. Edwards, S. Johnson, and D. Weil, eds., University of Chicago Press, 2012
Number of pages: 60 Posted: 17 Apr 2012
Imperial College London, Bocconi University - Department of Finance, World Bank - Development Research Group (DECRG), Fanhai International School of Finance, Fudan University, University of Maryland - Robert H. Smith School of Business and University of Chile
Downloads 51 (333,497)
Citation 2

Abstract:

Africa, Kenya, finance and growth, population density, Equity Bank, financial access

Resolving the African Financial Development Gap: Cross-Country Comparisons and a Within-Country Study of Kenya

World Bank Policy Research Working Paper No. 6592
Number of pages: 62 Posted: 20 Apr 2016
Imperial College London, Bocconi University - Department of Finance, World Bank - Development Research Group (DECRG), University of Maryland - Robert H. Smith School of Business and University of Chile
Downloads 33 (397,567)
Citation 2

Abstract:

Access to Finance, Banks & Banking Reform, Debt Markets, Emerging Markets, Economic Theory & Research

Resolving the African Financial Development Gap: Cross-Country Comparisons and a Within-Country Study of Kenya

NBER Working Paper No. w18013
Number of pages: 61 Posted: 28 Apr 2012 Last Revised: 03 May 2012
Imperial College London, Bocconi University - Department of Finance, World Bank - Development Research Group (DECRG), Fanhai International School of Finance, Fudan University, University of Maryland - Robert H. Smith School of Business and University of Chile
Downloads 14 (499,845)
Citation 2

Abstract:

Credit Market Competition and Liquidity Crises

CESifo Working Paper Series No. 4647
Number of pages: 47 Posted: 13 Mar 2014
Elena Carletti and agnese leonello
Bocconi University - Department of Finance and European Central Bank, Financial Research Division
Downloads 55 (321,320)

Abstract:

interbank market, default, price volatility

Credit Market Competition and Liquidity Crises

CEPR Discussion Paper No. DP9311
Number of pages: 49 Posted: 01 Feb 2013
Elena Carletti and agnese leonello
Bocconi University - Department of Finance and European Central Bank, Financial Research Division
Downloads 5 (549,291)
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Abstract:

default, Interbank market, price volatility

26.
Downloads 58 (308,752)
Citation 2

Government Guarantees and Financial Stability

ECB Working Paper No. 2032
Number of pages: 53 Posted: 07 Mar 2017
Imperial College London, Bocconi University - Department of Finance, University of Pennsylvania - The Wharton School - Finance Department and European Central Bank, Financial Research Division
Downloads 57 (315,711)
Citation 2

Abstract:

Panic Runs, Fundamental Runs, Government Guarantees, Bank Moral Hazard

Government Guarantees and Financial Stability

CEPR Discussion Paper No. DP10560
Number of pages: 48 Posted: 27 Apr 2015
Imperial College London, Bocconi University - Department of Finance, University of Pennsylvania - The Wharton School - Finance Department and European Central Bank, Financial Research Division
Downloads 1 (579,951)
Citation 2
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Abstract:

bank moral hazard, fundamental runs, government guarantees, panic runs

27.

The African Financial Development and Financial Inclusion Gaps

World Bank Policy Research Working Paper No. 7019
Number of pages: 37 Posted: 20 Apr 2016
Imperial College London, Bocconi University - Department of Finance, World Bank - Development Research Group (DECRG), Fanhai International School of Finance, Fudan University, University of Maryland - Robert H. Smith School of Business and University of Chile
Downloads 50 (227,702)

Abstract:

Economic Theory & Research, Access to Finance, Emerging Markets, Debt Markets, E-Business

28.

An Overview of the Crisis: Causes, Consequences, and Solutions

International Review of Finance, Vol. 10, No. 1, pp. 1-26, March 2010
Number of pages: 26 Posted: 01 Mar 2010
Franklin Allen and Elena Carletti
Imperial College London and Bocconi University - Department of Finance
Downloads 6 (520,357)
Citation 7
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Abstract:

29.

The Economic Impact of Merger Control Legislation

CEPR Discussion Paper No. DP8447
Number of pages: 48 Posted: 25 Jun 2011
Elena Carletti, Philipp Hartmann and Steven Ongena
Bocconi University - Department of Finance, European Central Bank (ECB) and University of Zurich - Department of Banking and Finance
Downloads 2 (541,415)
Citation 5
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Abstract:

financial regulation, legal institutions, merger control

30.

Supervisory Incentives in a Banking Union

IMF Working Paper No. 16/186
Number of pages: 51 Posted: 09 Dec 2016
Bocconi University - Department of Finance, International Monetary Fund (IMF) - Research Department and University of California, Davis
Downloads 0 (286,793)

Abstract:

Banking sector, Euro Area, European Central Bank, Bank supervision, Centralized bank supervision, bank risk taking, limited liability

31.

Pricing Contract Terms in a Crisis: Venezuelan Bonds in 2016

Forthcoming, Capital Markets Law Journal (2016)
Number of pages: 22 Posted: 13 Jun 2016 Last Revised: 11 Jul 2017
Bocconi University - Department of Finance, Bocconi University - Department of Finance, Duke University School of Law and University of Zurich - Department of Banking and Finance
Downloads 0 (24,648)

Abstract:

efficient markets, contracts, bonds, sovereign debt, collective action clauses, pari passu

32.

Evaluating the Euro CAC Experiment of 2013

Number of pages: 10 Posted: 23 May 2016
Elena Carletti, Paolo Colla and G. Mitu Gulati
Bocconi University - Department of Finance, Bocconi University - Department of Finance and Duke University School of Law
Downloads 0 (316,720)

Abstract:

sovereign debt, collective action clauses, euro, eurozone

33.

Bank Moral Hazard and Market Discipline

Financial Markets Group Working Paper No. 0326
Posted: 27 Sep 1999
Elena Carletti
Bocconi University - Department of Finance

Abstract: