Andrea Zaghini

Bank of Italy

Via Nazionale 91

Rome, 00184

Italy

SCHOLARLY PAPERS

36

DOWNLOADS
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SSRN RANKINGS

Top 18,402

in Total Papers Downloads

5,171

SSRN CITATIONS
Rank 1,380

SSRN RANKINGS

Top 1,380

in Total Papers Citations

531

CROSSREF CITATIONS

667

Scholarly Papers (36)

1.

An Assessment of Financial Sector Rescue Programmes

Bank of Italy Occasional Paper No. 47
Number of pages: 80 Posted: 15 May 2010 Last Revised: 28 Oct 2010
Bank for International Settlements (BIS), Bank of Italy, Bank for International Settlements, Gustavson School Of Business, Bank of Italy, Bank of Italy, Bank of Italy, Bank of Italy and Bank of Italy
Downloads 538 (97,634)
Citation 9

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bank asset guarantees, capital injection, banks, financial sector, financial crisis, bank consolidation, bank mergers and acquisitions, event studies, government guaranteed bonds, credit crunch, exit strategy

2.

Trade Advantages and Specialisation Dynamics in Acceding Countries

Number of pages: 52 Posted: 09 Nov 2003
Andrea Zaghini
Bank of Italy
Downloads 418 (131,870)
Citation 47

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Revealed comparative advantages, International Specialisation model, Distribution dynamics

3.
Downloads 347 (162,401)
Citation 10

Excess Money Growth and Inflation Dynamics

ECB Working Paper No. 749, Bank of Italy Temi di Discussione (Working Paper) No. 657
Number of pages: 46 Posted: 31 May 2007
Barbara Roffia and Andrea Zaghini
European Central Bank (ECB) and Bank of Italy
Downloads 209 (269,540)
Citation 10

Abstract:

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Inflation, money growth, quantity theory of money

Excess Money Growth and Inflation Dynamics

Bank of Italy Temi di Discussione (Working Paper) No. 657
Number of pages: 44 Posted: 27 Mar 2008
Andrea Zaghini and Barbara Roffia
Bank of Italy and European Central Bank (ECB)
Downloads 138 (386,847)
Citation 7

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Inflation, money growth, quantity theory of money

4.

Non-Bank Financial Intermediation in the Euro Area: Implications for Monetary Policy Transmission and Key Vulnerabilities

ECB Occasional Paper No. 2021/270
Number of pages: 86 Posted: 23 Sep 2021 Last Revised: 19 Jan 2022
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), De Nederlandsche Bank, Banque de France, Athens University of Economics and Business - Department of Accounting and Finance, European Central Bank (ECB), Banque Centrale du Luxembourg, European Central Bank (ECB), European Central Bank (ECB), Bank of Finland, European Central Bank (ECB), Banque Centrale du Luxembourg, International Monetary FundEuropean Central Bank, Financial Research Division, Bank of Finland - Research, Oesterreichische Nationalbank (OeNB), European Central Bank (ECB), Oesterreichische Nationalbank (OeNB), European Central Bank, European Central Bank (ECB), Banco de España, Bank of Finland, Bank of Italy, Banque de France, Banque de France, European Central Bank (ECB), De Nederlandsche Bank, European Central Bank (ECB), Bank of Italy and Central Bank of Ireland
Downloads 302 (188,178)
Citation 5

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Asset purchases, Financial markets stress, Low interest rates, Monetary policy transmission, Non-bank intermediation, Risk-taking

Unconventional Monetary Policy and Corporate Bond Issuance

Number of pages: 34 Posted: 14 Nov 2019
Roberto A. De Santis and Andrea Zaghini
European Central Bank (ECB) - Directorate General Economics and Bank of Italy
Downloads 165 (333,608)
Citation 6

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corporate bond market, CSPP, quantitative easing

Unconventional Monetary Policy and Corporate Bond Issuance

CFS Working Paper, No. 654, 2021
Number of pages: 60 Posted: 28 Feb 2021
Roberto A. De Santis and Andrea Zaghini
European Central Bank (ECB) - Directorate General Economics and Bank of Italy
Downloads 126 (415,717)
Citation 2

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Quantitative easing, CSPP, corporate bond market

6.

Global Monetary Policy Shocks in the G5: A Svar Approach

CEIS Working Paper No. 93
Number of pages: 25 Posted: 13 Feb 2007
Joao Miguel Sousa and Andrea Zaghini
Bank of Portugal and Bank of Italy
Downloads 253 (225,290)
Citation 22

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Monetary policy, Structural VAR, Global economy

The COVID Pandemic in the Market: Infected, Immune and Cured Bonds

CFS Working Paper, No. 653, 2020
Number of pages: 45 Posted: 16 Feb 2021
Andrea Zaghini
Bank of Italy
Downloads 150 (361,700)
Citation 2

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ECB, Corporate quantitative easing, COVID pandemic, Green bonds

The COVID Pandemic in the Market: Infected, Immune and Cured Bonds

ECB Working Paper No. 2021/2563
Number of pages: 46 Posted: 03 Jun 2021
Andrea Zaghini
Bank of Italy
Downloads 76 (588,633)
Citation 1

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8.

The Pricing of Government-Guaranteed Bank Bonds

Bank of Italy Temi di Discussione (Working Paper) No. 753
Number of pages: 33 Posted: 01 Sep 2010
Aviram Levy and Andrea Zaghini
Bank of Italy and Bank of Italy
Downloads 218 (259,989)
Citation 27

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Banks, Corporate Bonds, Financial Crisis, Government Guarantees

The CSPP at Work - Yield Heterogeneity and the Portfolio Rebalancing Channel

ECB Working Paper No. 2264
Number of pages: 29 Posted: 20 Apr 2019
Andrea Zaghini
Bank of Italy
Downloads 125 (418,270)
Citation 30

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quantitative easing, unconventional monetary policy, bond yields, market segmentation

The CSPP at Work: Yield Heterogeneity and the Portfolio Rebalancing Channel

Bank of Italy Temi di Discussione (Working Paper) No. 1157
Number of pages: 45 Posted: 08 Dec 2017
Andrea Zaghini
Bank of Italy
Downloads 79 (575,090)
Citation 17

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quantitative easing, CSPP, corporate bond market, portfolio rebalancing channel

10.

Monetary Policy Shocks in the Euro Area and Global Liquidity Spillovers

ECB Working Paper No. 309, Bank of Italy Temi di Discussione (Working Paper) No. 629
Number of pages: 32 Posted: 11 Mar 2004
João Sousa and Andrea Zaghini
Banco de Portugal and Bank of Italy
Downloads 181 (307,777)
Citation 9

Abstract:

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Monetary policy, Structural VAR, International spillovers

11.

Financial Shocks and the Real Economy in a Nonlinear World: A Survey of the Theoretical and Empirical Literature

Bank of Italy Occasional Paper No. 255
Number of pages: 37 Posted: 18 Apr 2015
Andrea Silvestrini and Andrea Zaghini
Bank of Italy and Bank of Italy
Downloads 177 (313,939)
Citation 3

Abstract:

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financial shocks, credit, financial crisis, nonlinearity

12.

The Role of the IMF in Addressing Climate Change Risks

ECB Occasional Paper No. 2022/309
Number of pages: 52 Posted: 17 Nov 2022
Banca d'Italia, Bank of Finland - Institute for Economies in Transition (BOFIT), De Nederlandsche Bank, Österreichische Nationalbank, National Bank of Belgium, European Central Bank (ECB), Bank of Italy, Banco de España, Independent, Independent, Independent, Independent and Independent
Downloads 176 (315,563)

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climate change, International Monetary Fund, lending, surveillance, technical assistance

13.

Systemic Risk and Systemic Importance Measures During the Crisis

Bank of Italy Temi di Discussione (Working Paper) No. 1153
Number of pages: 44 Posted: 08 Dec 2017
Sergio Masciantonio and Andrea Zaghini
European Union - European Commission and Bank of Italy
Downloads 123 (421,819)

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G-SIFIs, Systemic risk, too-big-to-fail, financial crisis

14.

The Recent Trends in Long-Term Bank Funding

Bank of Italy Occasional Paper No. 137
Number of pages: 41 Posted: 17 Nov 2012
Andrea Cardillo and Andrea Zaghini
Bank of Italy and Bank of Italy
Downloads 120 (429,752)
Citation 2

Abstract:

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long-term funding, bank balance sheet, financial crisis, G-SIFIs

15.
Downloads 119 (432,451)
Citation 1

Unconventional Green

Center for Financial Studies Working Paper No. 710, 2023
Number of pages: 37 Posted: 03 May 2023
Andrea Zaghini
Bank of Italy
Downloads 90 (529,817)

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Green Bonds, ECB, Corporate Quantitative Easing, Triple Difference Estimator

Unconventional Green

Number of pages: 35 Posted: 25 May 2023
Andrea Zaghini
Bank of Italy
Downloads 29 (897,339)

Abstract:

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Green bonds, ECB, Corporate quantitative easing, triple difference estimator

16.

Monetary Policy Predictability in the Euro Area: An International Comparison

ECB Working Paper No. 504
Number of pages: 34 Posted: 28 Jul 2005
Bjorn-Roger Wilhelmsen and Andrea Zaghini
Norges Bank and Bank of Italy
Downloads 115 (443,659)
Citation 8

Abstract:

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Monetary policy, Predictability, Money market rates

17.

The Cost of Firms’ Debt Financing and the Global Financial Crisis

Bank of Italy Temi di Discussione (Working Paper) No. 950
Number of pages: 30 Posted: 02 Apr 2014
Daniele Pianeselli and Andrea Zaghini
Bank of Italy and Bank of Italy
Downloads 108 (464,624)
Citation 33

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corporate bonds, risk-premium, too-big-to-fail, sovereign debt crisis

Welfare Costs of Inflation and the Circulation of US Currency Abroad

ECB Working Paper No. 1326
Number of pages: 37 Posted: 16 Apr 2011
Alessandro Calza and Andrea Zaghini
European Central Bank (ECB) and Bank of Italy
Downloads 58 (681,664)

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Welfare costs of inflation, flow of funds data, US currency abroad

Welfare Costs of Inflation and the Circulation of US Currency Abroad

Bank of Italy Temi di Discussione (Working Paper) No. 812
Number of pages: 38 Posted: 17 Nov 2011
Alessandro Calza and Andrea Zaghini
European Central Bank (ECB) and Bank of Italy
Downloads 48 (745,153)
Citation 93

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welfare cost of inflation, flow of funds data, US currency abroad

Sectoral Money Demand and the Great Disinflation in the US

ECB Working Paper No. 1218
Number of pages: 44 Posted: 29 Jun 2010
Alessandro Calza and Andrea Zaghini
European Central Bank (ECB) and Bank of Italy
Downloads 69 (622,093)
Citation 3

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welfare cost of inflation, flow of funds data, demand for money

Sectoral Money Demand and the Great Disinflation in the US

Bank of Italy Temi di Discussione (Working Paper) No. 785
Number of pages: 32 Posted: 09 May 2011
Alessandro Calza and Andrea Zaghini
European Central Bank (ECB) and Bank of Italy
Downloads 36 (835,728)
Citation 20

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welfare cost of inflation, flow of funds data, demand for money

20.

Financial Shocks and the Real Economy in a Nonlinear World: From Theory to Estimation

CFS Working Paper, No. 505
Number of pages: 26 Posted: 16 Jun 2015
Andrea Silvestrini and Andrea Zaghini
Bank of Italy and Bank of Italy
Downloads 95 (507,291)
Citation 1

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financial crisis, nonlinearities, financial shocks

Shoe-Leather Costs in the Euro Area and the Foreign Demand for Euro Banknotes

Bank of Italy Temi di Discussione (Working Paper) No. 1039
Number of pages: 26 Posted: 12 Feb 2016
Alessandro Calza and Andrea Zaghini
European Central Bank (ECB) and Bank of Italy
Downloads 53 (711,951)
Citation 143

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money demand, welfare cost of inflation, currency abroad, euro banknotes

Shoe-Leather Costs in the Euro Area and the Foreign Demand for Euro Banknotes

ECB Working Paper No. 1824
Number of pages: 20 Posted: 10 Jul 2015
Alessandro Calza and Andrea Zaghini
European Central Bank (ECB) and Bank of Italy
Downloads 39 (811,554)

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money demand, welfare cost of inflation, currency abroad, euro

22.

Fragmentation and Heterogeneity in the Euro – Area Corporate Bond Market: Back to Normal?

CFS Working Paper No. 530
Number of pages: 31 Posted: 19 Feb 2016
Andrea Zaghini
Bank of Italy
Downloads 88 (532,372)
Citation 10

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Corporate bond market; Sovereign debt crisis, financial fragmentation

23.

Recent Trends in Long-Term Bank Funding

Midwest Finance Association 2013 Annual Meeting Paper
Number of pages: 21 Posted: 06 Sep 2012 Last Revised: 22 Jan 2013
Andrea Cardillo and Andrea Zaghini
Bank of Italy and Bank of Italy
Downloads 84 (547,689)
Citation 5

Abstract:

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Long-term funding, Bank balance sheet, Financial crisis

24.

Tracking Banks' Systemic Importance Before and after the Crisis

Bank of Italy Occasional Paper No. 259
Number of pages: 34 Posted: 18 Apr 2015
Bank of Italy, European Union - European Commission and Bank of Italy
Downloads 83 (551,754)
Citation 3

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systemic risk, too big to fail

25.

Is the Government always greener?

Number of pages: 48 Posted: 20 Mar 2024
University of Bari, University of Bologna, Luiss Guido Carli University - Luiss Business School and Bank of Italy
Downloads 80 (564,044)

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Green bonds, Sovereign debt, Yield spread, Greenium

26.

Long-Term Bank Funding Cost: Does Sovereign Matter?

Number of pages: 24 Posted: 29 Oct 2013
Andrea Zaghini
Bank of Italy
Downloads 76 (580,944)

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Too-big-to-fail, Market discipline, Financial crisis, G-SIFIs

27.

Nonlinearities in the Dynamics of the Euro Area Demand for M1

Bank of Italy Temi di Discussione (Working Paper) No. 690
Number of pages: 36 Posted: 31 Oct 2008
Alessandro Calza and Andrea Zaghini
European Central Bank (ECB) and Bank of Italy
Downloads 74 (589,718)
Citation 30

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Euro area, cointegration, non-linear error-correction, demand for money

28.

Non-Linear Dynamics in the Euro Area Demand for M1

ECB Working Paper No. 592
Number of pages: 32 Posted: 23 Mar 2006
Alessandro Calza and Andrea Zaghini
European Central Bank (ECB) and Bank of Italy
Downloads 70 (607,913)
Citation 2

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Euro area, cointegration, non-linear error correction, demand for money

29.

The green sin: how exchange rate volatility and financial openness affect green premia

Center for Financial Studies Working Paper No. 715, 2023
Number of pages: 36 Posted: 20 Dec 2023
Alessandro Moro and Andrea Zaghini
Bank of Italy and Bank of Italy
Downloads 63 (642,127)

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Green bonds; Greenium; Exchange rate volatility; Financial openness; Original sin

30.

A Tale of Fragmentation: Corporate Funding in the Euro-Area Bond Market

Bank of Italy Temi di Discussione (Working Paper) No. 1104
Number of pages: 46 Posted: 05 Apr 2017
Andrea Zaghini
Bank of Italy
Downloads 58 (668,772)
Citation 24

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credit risk, corporate bonds, market fragmentation, sovereign debt crisis

31.

Bank Bonds: Size, Systemic Relevance and the Sovereign

Bank of Italy Temi di Discussione (Working Paper) No. 966
Number of pages: 36 Posted: 18 Nov 2014
Andrea Zaghini
Bank of Italy
Downloads 55 (685,520)
Citation 26

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Too-big-to-fail, market discipline, sovereign guarantees, G-SIFIs

32.

It’s Not Time To Make a Change: Sovereign Fragility and the Corporate Credit Risk

CFS Working Paper, No. 652, 2020
Number of pages: 45 Posted: 28 Feb 2021
Fabio Fornari and Andrea Zaghini
European Central Bank (ECB) and Bank of Italy
Downloads 46 (741,201)
Citation 2

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sovereign rating, corporate credit risk, CDS spreads

33.

Gradualism, Transparency and the Improved Operational Framework: A Look at the Overnight Volatility Transmission

Bank of Italy Temi di Discussione (Working Paper) No. 710
Number of pages: 33 Posted: 26 Sep 2009
Silvio Colarossi and Andrea Zaghini
Bank of Italy and Bank of Italy
Downloads 45 (748,027)
Citation 19

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monetary policy, yield curve, GARCH

34.

It's Not Time to Make a Change: Sovereign Fragility and the Corporate Credit Risk

ECB Working Paper No. 2022/2740
Number of pages: 48 Posted: 11 Oct 2022
Fabio Fornari and Andrea Zaghini
European Central Bank (ECB) and Bank of Italy
Downloads 35 (821,257)

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credit default swaps, credit rating, sovereign risk spillover

35.

Increasing Public Expenditures: Wagner's Law in OECD Countries

CFS Working Paper No. 2008/13
Posted: 23 Apr 2008 Last Revised: 11 Jan 2009
Andrea Zaghini and Serena Lamartina
Bank of Italy and Government of the Italian Republic (Italy) - Department of Economic Affairs

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Fiscal Policy, Wagner's Law, Panel Cointegration

36.

Gradualism, Transparency and Improved Operational Framework: A Look at the Overnight Volatility Transmission

CFS Working Paper No. 2007/16
Posted: 14 Mar 2007
Andrea Zaghini and Silvio Colarossi
Bank of Italy and Bank of Italy

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Monetary Policy, Yield Curve, GARCH