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Margherita Giuzio

European Central Bank (ECB)

Sonnemannstrasse 22

Frankfurt am Main, 60314

Germany

  • European Central Bank (ECB)

SCHOLARLY PAPERS

25

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5,140

TOTAL CITATIONS
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Top 32,280

in Total Papers Citations

39

Scholarly Papers (25)

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1.

The Low-Carbon Transition, Climate Commitments and Firm Credit Risk

ECB Working Paper No. 2021/2631
Number of pages: 70 Posted: 22 Dec 2021
Sante Carbone, Margherita Giuzio, Sujit Kapadia, Sujit Kapadia, Johannes Sebastian Krämer, Ken Nyholm and Katia Vozian
European Central Bank (ECB), European Central Bank (ECB), Bank of EnglandEuropean Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and Leibniz Institute for Financial Research SAFE
Downloads 943 (61,620)
Citation 23

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climate change, credit risk, disclosure, green finance, net zero, transition risk

2.

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
Lorenzo Cappiello, Federic Holm-Hadulla, Angela Maddaloni, Laura Arts, Nicolas Meme, Petros Migiakis, Caterina Behrens, Alban Moura, Stefano Corradin, Annalisa Ferrando, Juha Niemelä, Margherita Giuzio, Olivier Pierrard, Lev Ratnovski, Lev Ratnovski, Adam Gulan, Alexandra Schober-Rhomberg, Andreas Hertkorn, Michael Sigmund, Christoph Kaufmann, Lucía Kazarian Avakian, Patricia Stupariu, Kimmo Koskinen, Marco Taboga, Franck Sédillot, Luis Tavares, Jani Matilainen, Emme Van den, Falk Mazelis, Andrea Zaghini and Barra McCarthy
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 517 (135,619)
Citation 5

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

3.

Climate Change, Bank Liquidity and Systemic Risk

ECB Working Paper No. 2026/3168
Number of pages: 47 Posted: 08 Jan 2026
Margherita Giuzio, Bige Kahraman and Jasper Knyphausen
European Central Bank (ECB), University of Oxford - Said Business School and University of Oxford - Said Business School
Downloads 514 (137,292)

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climate finance, financial stability, repo markets, risk premium, transition risk

4.

Are Ethical and Green Investment Funds More Resilient?

ECB Working Paper No. 2022/2747
Number of pages: 41 Posted: 15 Nov 2022
Laura-Dona Capotă, Margherita Giuzio, Sujit Kapadia, Sujit Kapadia and Dilyara Salakhova
Autorité des Marchés Financiers, European Central Bank (ECB), Bank of EnglandEuropean Central Bank (ECB) and Banque de France
Downloads 492 (143,357)

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climate risk, green finance, investment funds, sustainable investments

5.

Tracking Hedge Funds Using Sparse Clones

Number of pages: 26 Posted: 10 Aug 2015 Last Revised: 12 Sep 2016
Margherita Giuzio, Kay Eichhorn-Schott, Sandra Paterlini and Vincent Weber
European Central Bank (ECB), EBS Universität für Wirtschaft und Recht, University of Trento - Department of Economics and Management and Resonanz Capital
Downloads 384 (191,899)
Citation 1

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Hedge Fund Replication, Sharpe Style Analysis, LASSO Regression, Alternative Betas

6.

Institutional Investors and House Prices

Downloads 308 (246,910)
Citation 2

Institutional Investors and House Prices

ECB Working Paper No. 2025/3026
Number of pages: 52 Posted: 14 Feb 2025
Emil Bandoni, Giorgia De Nora, Margherita Giuzio, Ellen Ryan and Manuela Storz
Central Bank of Ireland, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
Downloads 206 (369,637)
Citation 2

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financial stability, investment funds, monetary policy, non-bank financial intermediation, real estate

Institutional Investors and House Prices

Number of pages: 46 Posted: 24 Dec 2024 Last Revised: 17 Apr 2026
Emil Bandoni, Giorgia De Nora and Manuela Storz
Central Bank of Ireland, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 102 (689,735)

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Real estate, financial stability, non-bank financial intermediation, investment funds, Monetary policy

7.

Macroprudential Stress Test of the Euro Area Banking System

ECB Occasional Paper No. 226 (2019); ISBN 978-92-899-3691-0
Number of pages: 62 Posted: 03 Jul 2019
Katarzyna Barbara Budnik, Mirco Balatti, Giovanni Covi, Ivan Dimitrov, Johannes Groß, Ib Hansen, Michael Kleemann, Tomas Reichenbachas, Francesco Sanna, Andrei Sarychev, Nadežda Siņenko, Matjaz Volk, Katharina Cera, Giovanni di Iasio, Margherita Giuzio, Harun Mirza, Diego Moccero, Giulio Nicoletti, Cosimo Pancaro and Spyros Palligkinis
European Central Bank (ECB), Henley Business School - ICMA Centre, Bank of England, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), - Ifo Institute, Bank of Lithuania, European Central Bank (ECB), European Central Bank (ECB), Bank of Latvia, Bank of Slovenia, European Central Bank (ECB), Bank of Italy, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
Downloads 272 (279,442)

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macro stress test, macroprudential policy, banking sector deleveraging, real-financial feedback mechanism

8.

The Low-Carbon Transition, Climate Commitments and Firm Credit Risk

SAFE Working Paper No. 442
Number of pages: 73 Posted: 05 Feb 2025
Sante Carbone, Margherita Giuzio, Sujit Kapadia, Sujit Kapadia, Johannes Sebastian Krämer, Ken Nyholm and Katia Vozian
European Central Bank (ECB), European Central Bank (ECB), Bank of EnglandEuropean Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and Leibniz Institute for Financial Research SAFE
Downloads 229 (336,244)

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Climate Change, Transition Risk, Climate Disclosure, Net Zero Targets, Green Finance, Credit Risk

9.

The Effect of Possible EU Diversification Requirements on the Risk of Banks’ Sovereign Bond Portfolios

Downloads 188 (403,391)
Citation 1

The Effect of Possible EU Diversification Requirements on the Risk of Banks’ Sovereign Bond Portfolios

ECB Working Paper No. 2384
Number of pages: 41 Posted: 30 Mar 2020
Ben R. Craig, Margherita Giuzio and Sandra Paterlini
Federal Reserve Bank of Cleveland, European Central Bank (ECB) and University of Trento - Department of Economics and Management
Downloads 114 (625,060)

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bank regulation, diversification, home bias, sovereign-bank nexus, sovereign risk

The Effect of Possible EU Diversification Requirements on the Risk of Banks’ Sovereign Bond Portfolios

FRB of Cleveland Working Paper No. 19-12
Number of pages: 50 Posted: 28 May 2019
Ben R. Craig, Margherita Giuzio and Sandra Paterlini
Federal Reserve Bank of Cleveland, European Central Bank (ECB) and University of Trento - Department of Economics and Management
Downloads 74 (855,765)
Citation 1

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bank regulation, sovereign-bank nexus, sovereign risk, home bias, diversification

10.

Insurers’ Investment Strategies: Pro- or Countercyclical?

ECB Working Paper No. 2299
Number of pages: 54 Posted: 30 Jul 2019
Linda Fache Rousová and Margherita Giuzio
European Central Bank (ECB) and European Central Bank (ECB)
Downloads 182 (420,133)

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cyclicality, financial stability, insurance companies, portfolio allocation, sovereign debt crisis

11.

Investment Funds, Risk-Taking, and Monetary Policy in the Euro Area

ECB Working Paper No. 2021/2605
Number of pages: 49 Posted: 13 Oct 2021
Margherita Giuzio, Christoph Kaufmann, Ellen Ryan and Lorenzo Cappiello
European Central Bank (ECB), European Central Bank, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 174 (433,279)
Citation 2

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liquidity management, monetary policy, non-bank financial intermediation

12.

Un-Diversifying During Crises: Is It a Good Idea?

Number of pages: 36 Posted: 01 Aug 2016 Last Revised: 22 Nov 2016
Margherita Giuzio and Sandra Paterlini
European Central Bank (ECB) and University of Trento - Department of Economics and Management
Downloads 168 (447,215)
Citation 2

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Minimum Variance portfolio, Sparsity, Diversification, Regularization Methods

13.

Undiversifying During Crises: Is It a Good Idea?

FRB of Cleveland Working Paper No. 16-28
Number of pages: 38 Posted: 05 Dec 2016
Margherita Giuzio and Sandra Paterlini
European Central Bank (ECB) and University of Trento - Department of Economics and Management
Downloads 138 (530,816)

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minimum variance portfolio, sparsity, diversification, regularization methods

14.

Macroprudential Policy, Monetary Policy and Non-bank Financial Intermediation

ECB Working Paper No. 2025/3130
Number of pages: 49 Posted: 03 Oct 2025
Margherita Giuzio, Sujit Kapadia, Sujit Kapadia, Christoph Kaufmann, Manuela Storz and Christian Weistroffer
European Central Bank (ECB), Bank of EnglandEuropean Central Bank (ECB), European Central Bank, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 121 (600,462)
Citation 1

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financial regulation, financial stability, insurance corporations, investment funds, monetary policy, non-bank financial intermediation

15.

Financing the low-carbon transition in Europe

Number of pages: 58 Posted: 24 Jul 2023
Olimpia Carradori, Margherita Giuzio, Sujit Kapadia, Sujit Kapadia, Dilyara Salakhova and Katia Vozian
Swiss Finance Institute - University of Zurich, European Central Bank (ECB), Bank of EnglandEuropean Central Bank (ECB), Banque de France and Leibniz Institute for Financial Research SAFE
Downloads 119 (600,462)

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low-carbon transition, climate change, debt finance, transition finance, EU ETS

16.

Sustainability Labels vs. Reality: How Climate-friendly are Green and ESG Funds?

ECB Working Paper No. 2025/3121
Number of pages: 57 Posted: 26 Sep 2025
Giulio Mazzolini, Dilyara Salakhova, Margherita Giuzio, Sujit Kapadia and Sujit Kapadia
European Banking Authority, Banque de France, European Central Bank (ECB) and Bank of EnglandEuropean Central Bank (ECB)
Downloads 110 (640,165)

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climate change, ESG funds, low-carbon transition, sustainable finance

17.

When Margins Call: Liquidity Preparedness of Non-Bank Financial Institutions

ECB Working Paper No. 2025/3074
Number of pages: 50 Posted: 16 Jul 2025
Valentina Macchiati, Lorenzo Cappiello, Margherita Giuzio, Annalaura Ianiro and Fabrizio Lillo
Scuola Normale di Pisa, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and Scuola Normale Superiore
Downloads 96 (709,832)

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derivative margin calls, financial stability, liquidity risk, network analysis, non-bank financial institutions

18.

Sparse and Robust Normal and t-Portfolios by Penalized Lq-Likelihood Minimization

Number of pages: 31 Posted: 22 May 2014 Last Revised: 02 Jun 2017
Davide Ferrari, Margherita Giuzio and Sandra Paterlini
University of Melbourne, European Central Bank (ECB) and University of Trento - Department of Economics and Management
Downloads 68 (891,180)
Citation 1

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q-entropy, penalized least squares, sparsity, index tracking

19.

The Effect of Possible EU Diversification Requirements on the Risk of Banks’ Sovereign Bond Portfolios

ESRB Working Paper No. 89 / March 2019
Number of pages: 48 Posted: 31 May 2017 Last Revised: 29 Jul 2019
Ben R. Craig, Margherita Giuzio and Sandra Paterlini
Federal Reserve Bank of Cleveland, European Central Bank (ECB) and University of Trento - Department of Economics and Management
Downloads 60 (961,006)
Citation 1

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Bank regulation; sovereign-bank nexus; sovereign risk; home bias; diversification

20.

The Effect of Possible EU Diversification Requirements on the Risk of Banks' Sovereign Bond Portfolios

ESRB: Working Paper Series No. 2019/89
Number of pages: 48 Posted: 05 Nov 2020
Ben R. Craig, Margherita Giuzio and Sandra Paterlini
Federal Reserve Bank of Cleveland, European Central Bank (ECB) and University of Trento - Department of Economics and Management
Downloads 48 (1,086,013)

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bank regulation, diversification, home bias, sovereign-bank nexus, sovereign risk

21.

Leverage and the Low-Carbon Transition in Europe

Banque de France Working Paper No. 1011
Number of pages: 69 Posted: 19 Sep 2025
Dilyara Salakhova, Margherita Giuzio, Sujit Kapadia, Sujit Kapadia and Katia Vozian
Banque de France, European Central Bank (ECB), Bank of EnglandEuropean Central Bank (ECB) and Leibniz Institute for Financial Research SAFE
Downloads 47 (1,097,529)

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Low-Carbon Transition, Climate Change, Debt Finance, Leverage, Green Investment

22.

Climate Change, Catastrophes, Insurance And The Macroeconomy

ECB Working Paper No. 2026/3184
Number of pages: 49 Posted: 13 Feb 2026
Margherita Giuzio, Linda Rousova, Sujit Kapadia, Sujit Kapadia, Hradayesh Kumar, Luisa Mazzotta, Miles Parker and Dimitris Zafeiris
European Central Bank (ECB), European Central Bank (ECB), Bank of EnglandEuropean Central Bank (ECB), European Insurance and Occupational Pensions Authority, European Insurance and Occupational Pensions Authority, European Central Bank (ECB) and European Insurance and Occupational Pensions Authority
Downloads 39 (1,196,171)

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climate Change, economic growth, global warming, insurance protection gap, natural catastrophes

23.

Leverage and the low-carbon transition in Europe

Number of pages: 54 Posted: 12 Mar 2026
Margherita Giuzio, Sujit Kapadia, Sujit Kapadia, Dilyara Salakhova and Katia Vozian
European Central Bank (ECB), Bank of EnglandEuropean Central Bank (ECB), Banque de France and Leibniz Institute for Financial Research SAFE
Downloads 19 (1,459,862)

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C58, E58, G32, Q51, Q56

24.

When Margins Call: liquidity preparedness of Non-Bank Financial Institutions

Number of pages: 41 Posted: 06 Apr 2026
Valentina Macchiati, Lorenzo Cappiello, Margherita Giuzio, Annalaura Ianiro and Fabrizio Lillo
Scuola Normale di Pisa, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and Scuola Normale Superiore
Downloads 6 (1,566,597)

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Non-bank Financial Institutions, Derivative margin calls, Liquidity risk, financial stability, Network analysis

25.

The Components of Private Debt Performance

https://doi.org/10.3905/jai.2018.20.4.021
Posted: 06 May 2017 Last Revised: 22 May 2019
Margherita Giuzio, Andreas Gintschel and Sandra Paterlini
European Central Bank (ECB), Prime Capital AG and University of Trento - Department of Economics and Management
Downloads 0 (1,596,965)

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Private Debt, Liquidity Premium, Diversification, Portfolio Selection