Rafael Repullo

Centre for Monetary and Financial Studies (CEMFI)

Professor

Casado del Alisal 5

28014 Madrid

Spain

http://www.cemfi.es/~repullo/

Centre for Economic Policy Research (CEPR)

Fellow

London

United Kingdom

European Corporate Governance Institute (ECGI)

Research Associate

c/o ECARES ULB CP 114

B-1050 Brussels

Belgium

http://www.ecgi.org

SCHOLARLY PAPERS

27

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2,772

CITATIONS
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in Total Papers Citations

427

Scholarly Papers (27)

1.

Venture Capital Finance: A Security Design Approach

CEMFI Working Paper No. 9804
Number of pages: 47 Posted: 24 Jan 1999
Rafael Repullo and Javier Suarez
Centre for Monetary and Financial Studies (CEMFI) and Centre for Monetary and Financial Studies (CEMFI)
Downloads 1,109 (18,005)
Citation 120

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2.
Downloads 502 ( 53,701)
Citation 18

The Procyclical Effects of Bank Capital Regulation

European Banking Center Discussion Paper No. 2010-05S, CentER Discussion Paper Series No. 2010-29S
Number of pages: 51 Posted: 18 Mar 2010
Rafael Repullo and Javier Suarez
Centre for Monetary and Financial Studies (CEMFI) and Centre for Monetary and Financial Studies (CEMFI)
Downloads 494 (54,193)
Citation 18

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Banking regulation, Basel II, Business cycles, Capital requirements, Credit crunch, Loan defaults, Relationship banking

The Procyclical Effects of Bank Capital Regulation

CEPR Discussion Paper No. DP8897
Number of pages: 53 Posted: 04 Apr 2012
Rafael Repullo and Javier Suarez
Centre for Monetary and Financial Studies (CEMFI) and Centre for Monetary and Financial Studies (CEMFI)
Downloads 8 (604,473)
Citation 18
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Banking regulation, Basel capital requirements, Capital market frictions, Credit rationing, Loan defaults, Relationship banking, Social cost of bank failure

3.
Downloads 401 ( 70,773)
Citation 15

A Model of Takeovers of Foreign Banks

CEMFI Working Paper No. 0015
Number of pages: 28 Posted: 27 Jan 2001
Rafael Repullo
Centre for Monetary and Financial Studies (CEMFI)
Downloads 372 (76,571)
Citation 15

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International banks, takeovers in banking, cross-border bank mergers, bank supervision, bank closure, deposit insurance, home country control

A Model of Takeovers of Foreign Banks

CEPR Discussion Paper No. 2639
Number of pages: 31 Posted: 22 Feb 2001
Rafael Repullo
Centre for Monetary and Financial Studies (CEMFI)
Downloads 29 (473,650)
Citation 15
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Bank closure, bank supervision, cross-border bank mergers, deposit insurance, home country control, international banks, takeovers in banking

A Model of the Open Market Operations of the European Central Bank

CEMFI Working Paper No. 0011
Number of pages: 36 Posted: 25 Jan 2001
Juan Ayuso and Rafael Repullo
Banco de España and Centre for Monetary and Financial Studies (CEMFI)
Downloads 244 (121,860)
Citation 22

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European Central Bank, monetary policy instruments, open market operations, tender procedures, monetary auctions

A Model of the Open Market Operations of the European Central Bank

Economic Journal, Vol. 113, pp. 883-902, October 2003
Number of pages: 20 Posted: 03 Oct 2003
Juan Ayuso and Rafael Repullo
Banco de España and Centre for Monetary and Financial Studies (CEMFI)
Downloads 33 (453,787)
Citation 22
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5.
Downloads 7 (230,716)
Citation 5

Does Competition Reduce the Risk of Bank Failure?

CEPR Discussion Paper No. DP6669
Number of pages: 34 Posted: 09 Jun 2008
David Martinez-Miera and Rafael Repullo
Universidad Carlos III de Madrid - Department of Business Administration and Centre for Monetary and Financial Studies (CEMFI)
Downloads 7 (611,068)
Citation 5
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Bank competition, Bank failure, Credit risk, Default correlation, Franchise values, Loan defaults, Loan rates, Moral hazard, Net interest income, Risk-shifting

6.
Downloads 92 (273,693)
Citation 29

Mitigating the Pro-Cyclicality of Basel II

Banco de Espana Working Paper No. 1028
Number of pages: 42 Posted: 25 Oct 2010
Centre for Monetary and Financial Studies (CEMFI), Banco de España and Banco de España
Downloads 89 (281,788)
Citation 29

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Bank capital regulation, Basel II, Pro-cyclicality, Business cycles, Credit crunch

Mitigating the Pro-Cyclicality of Basel II

Economic Policy, Vol. 25, No. 64, pp. 659-702, October 2010
Number of pages: 44 Posted: 12 Oct 2010
Rafael Repullo, Jesús Saurina and Carlos Trucharte
Centre for Monetary and Financial Studies (CEMFI), Bank of Spain and Banco de España
Downloads 3 (640,206)
Citation 29
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7.

The Countercyclical Capital Buffer of Basel III: A Critical Assessment

CEPR Discussion Paper No. DP8304
Number of pages: 32 Posted: 28 Mar 2011
Rafael Repullo and Jesus Saurina Salas
Centre for Monetary and Financial Studies (CEMFI) and Banco de España
Downloads 79 (300,516)
Citation 13
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Bank capital regulation, Basel III, Business cycles, Credit crunch, Pro-cyclicality

8.

Why Did the Banks Overbid? An Empirical Model of the Fixed Rate Tenders of the European Central Bank

CEMFI Working Paper No. 0104
Number of pages: 21 Posted: 23 Jun 2001
Juan Ayuso and Rafael Repullo
Banco de España and Centre for Monetary and Financial Studies (CEMFI)
Downloads 67 (329,681)
Citation 12

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European Central Bank, open market operations, money auctions, bidding behavior

9.

Loan Pricing Under Basel Capital Requirements

CEPR Discussion Paper No. 3917
Number of pages: 40 Posted: 24 Jul 2003
Rafael Repullo and Javier Suarez
Centre for Monetary and Financial Studies (CEMFI) and Centre for Monetary and Financial Studies (CEMFI)
Downloads 52 (373,068)
Citation 35
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Bank regulation, capital requirements, credit risk, internal ratings, loan defaults, margin income

10.

Economic and Regulatory Capital: What is the Difference?

CEPR Discussion Paper No. 4770
Number of pages: 25 Posted: 15 Feb 2005
Abel Elizalde and Rafael Repullo
Centre for Monetary and Financial Studies (CEMFI) and Centre for Monetary and Financial Studies (CEMFI)
Downloads 46 (392,994)
Citation 9
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Bank regulation, capital requirements, market discipline, credit risk, Basel II

11.

Policies for Banking Crises: A Theoretical Framework

CEPR Discussion Paper No. 4727
Number of pages: 39 Posted: 24 Jan 2005
Rafael Repullo
Centre for Monetary and Financial Studies (CEMFI)
Downloads 28 (466,219)
Citation 5
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Banking crises, bank runs, bank supervision, risk-shifting incentives, forbearance, deposit insurance, lender of last resort

12.

Capital Requirements, Market Power and Risk-Taking in Banking

CEPR Discussion Paper No. 3721
Number of pages: 36 Posted: 14 Feb 2003
Rafael Repullo
Centre for Monetary and Financial Studies (CEMFI)
Downloads 28 (466,219)
Citation 71
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Bank regulation, capital requirements, deposit rate ceilings, moral hazard, risk-shifting, imperfect competition, franchise values

13.

The Procyclical Effects of Basel II

CEPR Discussion Paper No. DP6862
Number of pages: 51 Posted: 17 Jun 2008
Rafael Repullo and Javier Suarez
Centre for Monetary and Financial Studies (CEMFI) and Centre for Monetary and Financial Studies (CEMFI)
Downloads 26 (476,449)
Citation 24
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Banking regulation, Basel II, business cycles, capital requirements, credit crunch, loan defaults, relationship banking

14.

Liquidity, Risk-Taking and the Lender of Last Resort

CEPR Discussion Paper No. 4967
Number of pages: 38 Posted: 27 Jul 2005
Rafael Repullo
Centre for Monetary and Financial Studies (CEMFI)
Downloads 23 (492,726)
Citation 19
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Central bank, lender of last resort, penalty rates, moral hazard, bank supervision, capital requirements, deposit insurance

15.
Downloads 21 (503,951)

Markets, Banks, and Shadow Banks

ECB Working Paper No. 2234 (2019); ISBN 978-92-899-3496-1
Number of pages: 46 Posted: 05 Feb 2019
David Martinez-Miera and Rafael Repullo
Universidad Carlos III de Madrid - Department of Business Administration and Centre for Monetary and Financial Studies (CEMFI)
Downloads 21 (520,710)

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bank regulation, bank supervision, capital requirements, credit screening, credit spreads, loan defaults, optimal regulation, market finance, shadow banks

Markets, Banks, and Shadow Banks

CEPR Discussion Paper No. DP13248
Number of pages: 44 Posted: 22 Oct 2018
David Martinez-Miera and Rafael Repullo
Universidad Carlos III de Madrid - Department of Business Administration and Centre for Monetary and Financial Studies (CEMFI)
Downloads 0
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Bank Regulation, bank supervision, Capital requirements, credit screening, credit spreads, loan defaults, market finance, optimal regulation, Shadow banks

16.

Mitigating the Procyclicality of Basel II

CEPR Discussion Paper No. DP7382
Number of pages: 44 Posted: 26 Aug 2009
Centre for Monetary and Financial Studies (CEMFI), Banco de España and Banco de España
Downloads 10 (567,470)
Citation 28
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Bank capital regulation, Basel II, Business cycles, Credit crunch, Procyclicality

17.

Cyclical Adjustment of Capital Requirements: A Simple Framework

CEPR Discussion Paper No. DP9008
Number of pages: 33 Posted: 28 Sep 2012
Rafael Repullo
Centre for Monetary and Financial Studies (CEMFI)
Downloads 2 (621,053)
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Banking regulation, Basel II, Capital requirements, Procyclicality

18.

Monetary Policy, Macroprudential Policy, and Financial Stability

CEPR Discussion Paper No. DP13530
Number of pages: 44 Posted: 19 Feb 2019
David Martinez-Miera and Rafael Repullo
Universidad Carlos III de Madrid - Department of Business Administration and Centre for Monetary and Financial Studies (CEMFI)
Downloads 1 (633,036)
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Bank monitoring, Capital requirements, Financial Stability, intermediation margin, macroprudential policy, monetary policy

19.

Search for Yield

CEPR Discussion Paper No. DP10830
Number of pages: 47 Posted: 21 Sep 2015
David Martinez-Miera and Rafael Repullo
Universidad Carlos III de Madrid - Department of Business Administration and Centre for Monetary and Financial Studies (CEMFI)
Downloads 1 (633,036)
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bank monitoring, banking crises, boom and bust cycles, credit spreads, financial stability, real interest rates, savings glut, shadow banks

20.

Burning Money? Government Lending in a Credit Crunch

CEPR Discussion Paper No. DP13267
Number of pages: 53 Posted: 22 Oct 2018
Banco de España, Government of Catalan - Catalan Institution for Research and Advanced Studies (ICREA), Centre for Monetary and Financial Studies (CEMFI) and Banco de España
Downloads 0 (650,420)
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Adverse Selection, credit crunch, credit scoring, crowding-in, Real effects of public credit, state-owned banks

21.

Hierarchical Bank Supervision

CEPR Discussion Paper No. DP12475
Number of pages: 38 Posted: 12 Dec 2017
Rafael Repullo
Centre for Monetary and Financial Studies (CEMFI)
Downloads 0 (650,420)
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bank liquidation, bank solvency, Centralized vs decentralized supervision, optimal institutional design., strategic information acquisition, supervisory capture

22.

Moral Hazard and Debt Maturity

CEPR Discussion Paper No. DP9930
Number of pages: 48 Posted: 02 Jun 2014
Gur Huberman and Rafael Repullo
Columbia Business School - Finance and Economics and Centre for Monetary and Financial Studies (CEMFI)
Downloads 0 (650,420)
Citation 2
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Inefficient liquidation, Long-term debt, Optimal financial contracts, Risk-shifting, Rollover risk, Short-term debt

23.

The Trade-Off between Liquidity and Control Revisited

CEMFI Working Paper 9912
Posted: 03 Jan 2000
Antonio S. Mello and Rafael Repullo
University of Wisconsin - Madison - Department of Finance, Investment and Banking and Centre for Monetary and Financial Studies (CEMFI)

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Who Should Act as Lender of Last Resort? An Incomplete Contracts Model

CEMFI Working Paper No. 9913
Posted: 22 Nov 1999
Rafael Repullo
Centre for Monetary and Financial Studies (CEMFI)

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Who Should Act as Lender of Last Resort? An Incomplete Contracts Model

Journal of Money, Credit and Banking, Vol. 32, No. 3, Part II, August 2000 "What Should Central Banks Do?: A conference sponsored by the Federal Reserve Bank of Cleveland, Oct. 27-29, 1999, Joseph G. Haubrich, Special Issue Editor"
Posted: 26 Oct 2000
Rafael Repullo
Centre for Monetary and Financial Studies (CEMFI)

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25.

Entrepreneurial Moral Hazard and Bank Monitoring: A Model of the Credit Channel

CEPR Working Paper No. 2060
Posted: 08 Apr 1999
Rafael Repullo and Javier Suarez
Centre for Monetary and Financial Studies (CEMFI) and Centre for Monetary and Financial Studies (CEMFI)

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26.

Credit Markets and Real Economic Activity: A Model of Financial Intermediation

Posted: 22 Jul 1998
Rafael Repullo and Javier Suarez
Centre for Monetary and Financial Studies (CEMFI) and Centre for Monetary and Financial Studies (CEMFI)

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27.

Monitoring, Liquidation, and Security Design

Review of Financial Studies, Vol. 11 No. 1
Posted: 18 Dec 1997
Rafael Repullo and Javier Suarez
Centre for Monetary and Financial Studies (CEMFI) and Centre for Monetary and Financial Studies (CEMFI)

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