Ugo Albertazzi

ECB -DG Monetary Policy

Sonnemannstrasse 22

Frankfurt am Main, 60314

Germany

SCHOLARLY PAPERS

24

DOWNLOADS

8,159

SSRN CITATIONS

381

CROSSREF CITATIONS

386

Scholarly Papers (24)

1.

Bank Profitability and the Business Cycle

Bank of Italy Economic Research Paper No. 601
Number of pages: 39 Posted: 06 Oct 2006
Ugo Albertazzi and Leonardo Gambacorta
ECB -DG Monetary Policy and Bank for International Settlements (BIS)
Downloads 1,667 (20,777)
Citation 146

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bank profitability, economic cycle, macro-prudential analysis

2.

Financial Sector Pro-Cyclicality: Lessons from the Crisis

Bank of Italy Occasional Paper No. 44
Number of pages: 86 Posted: 29 Sep 2009 Last Revised: 21 May 2011
Bank of Italy, Bank of Italy, ECB -DG Monetary Policy, Bank of Italy, Bank of Italy, Bank of Italy, Bank of Italy, Bank of Italy and Bank of Italy
Downloads 782 (61,607)
Citation 52

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pro-cyclicality, financial accelerator, capital requirements, leverage, accounting standards, incentives

3.

Credit Supply, Flight to Quality and Evergreening: An Analysis of Bank-Firm Relationships after Lehman

Bank of Italy Temi di Discussione (Working Paper) No. 756
Number of pages: 59 Posted: 03 Sep 2010
Ugo Albertazzi and Domenico Junior Marchetti
ECB -DG Monetary Policy and Bank of Italy
Downloads 707 (70,250)
Citation 161

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credit supply, bank capital, flight to quality, evergreening

Fixed Rate versus Adjustable Rate Mortgages: Evidence from Euro Area Banks

Swiss Finance Institute Research Paper No. 20-99
Number of pages: 99 Posted: 03 Dec 2020 Last Revised: 14 Sep 2023
Ugo Albertazzi, Fulvia Fringuellotti and Steven Ongena
ECB -DG Monetary Policy, Federal Reserve Banks - Federal Reserve Bank of New York and University of Zurich - Department Finance
Downloads 268 (215,043)
Citation 1

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Fixed Rate versus Adjustable Rate Mortgages: Evidence from Euro Area Banks

Number of pages: 76 Posted: 29 Oct 2019
Ugo Albertazzi, Steven Ongena and Fulvia Fringuellotti
ECB -DG Monetary Policy, University of Zurich and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 147 (374,303)
Citation 4

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cross-border banks, interest rate fixation, mortgages

Fixed Rate Versus Adjustable Rate Mortgages: Evidence from Euro Area Banks

Bank of Italy Temi di Discussione (Working Paper) No. 1176
Number of pages: 75 Posted: 12 Jul 2018 Last Revised: 17 Aug 2019
Ugo Albertazzi, Fulvia Fringuellotti and Steven Ongena
ECB -DG Monetary Policy, Federal Reserve Banks - Federal Reserve Bank of New York and University of Zurich - Department Finance
Downloads 107 (479,221)
Citation 8

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mortgages, financial duration, cross-border banks

Fixed Rate Versus Adjustable Rate Mortgages Evidence from Euro Area Banks

Number of pages: 85 Posted: 18 May 2022
Ugo Albertazzi, Fulvia Fringuellotti and Steven Ongena
ECB -DG Monetary Policy, Federal Reserve Banks - Federal Reserve Bank of New York and University of Zurich - Department Finance
Downloads 32 (884,364)

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Fixed Rate versus Adjustable Rate Mortgages, European Banks, household finance

Fixed Rate Versus Adjustable Rate Mortgages: Evidence from Euro Area Banks

Number of pages: 84 Posted: 31 Jan 2022
Ugo Albertazzi, Fulvia Fringuellotti and Steven Ongena
ECB -DG Monetary Policy, Federal Reserve Banks - Federal Reserve Bank of New York and University of Zurich - Department Finance
Downloads 24 (960,959)

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Fixed Rate Mortgages, Adjustable Rate Mortgages, Euro Area Banks

Asymmetric information and the securitization of SME loans

Swiss Finance Institute Research Paper No. 21-13
Number of pages: 53 Posted: 12 Feb 2021 Last Revised: 27 Jul 2023
ECB -DG Monetary Policy, Bank of Italy, Bank for International Settlements (BIS) and University of Zurich - Department Finance
Downloads 457 (119,693)
Citation 2

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securitization, SME loans, moral hazard, adverse selection

Asymmetric Information and the Securitization of SME Loans

Bank of Italy Temi di Discussione (Working Paper) No. 1091
Number of pages: 48 Posted: 17 Mar 2017
ECB -DG Monetary Policy, Bank of Italy, Bank for International Settlements (BIS) and University of Zurich - Department Finance
Downloads 114 (456,942)
Citation 27

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securitization, SME loans, moral hazard, adverse selection

Asymmetric Information and the Securitization of SME Loans

Number of pages: 51 Posted: 29 May 2024
ECB -DG Monetary Policy, Bank of Italy, Bank for International Settlements (BIS) and University of Zurich - Department Finance
Downloads 6 (1,157,569)

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securitization, SME loans, moral hazard, adverse selection

6.
Downloads 493 (110,374)
Citation 20

Securitization is Not that Evil after All

Bank of Italy Temi di Discussione (Working Paper) No. 796
Number of pages: 69 Posted: 16 May 2011
ECB -DG Monetary Policy, Bank of Italy, Bank for International Settlements (BIS) and European Central Bank (ECB)
Downloads 289 (199,035)
Citation 27

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securitization, asymmetric information, signaling, reputation

Securitization is Not that Evil after All

BIS Working Paper No. 341
Number of pages: 60 Posted: 07 Jun 2011
ECB -DG Monetary Policy, Bank of Italy, Bank for International Settlements (BIS) and Bank of Italy
Downloads 204 (280,255)

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securitization, asymmetric information, signaling, reputation

7.

Monetary Policy and Bank Stability: The Analytical Toolbox Reviewed

ECB Working Paper No. 20202377
Number of pages: 95 Posted: 21 Feb 2020 Last Revised: 18 Nov 2021
ECB -DG Monetary Policy, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
Downloads 490 (111,145)
Citation 1

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8.

Portfolio Rebalancing and the Transmission of Large-Scale Asset Programmes: Evidence from the Euro Area

ECB Working Paper No. 2125
Number of pages: 39 Posted: 02 Feb 2018
Ugo Albertazzi, Bo Becker and Miguel Boucinha
ECB -DG Monetary Policy, Stockholm School of Economics and European Central Bank (ECB)
Downloads 408 (137,802)
Citation 41

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quantitative easing, unconventional monetary policy, portfolio rebalancing, search for yield

9.

Bank Profitability and Taxation

Bank of Italy Temi di Discussione (Working Paper) No. 649
Number of pages: 38 Posted: 17 Dec 2007
Ugo Albertazzi and Leonardo Gambacorta
ECB -DG Monetary Policy and Bank for International Settlements (BIS)
Downloads 408 (137,802)
Citation 66

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tax-shifting, corporate income tax, bank profitability

10.

The Bank Lending Channel of Conventional and Unconventional Monetary Policy

Bank of Italy Temi di Discussione (Working Paper) No. 1094
Number of pages: 36 Posted: 17 Mar 2017
ECB -DG Monetary Policy, Bank of Italy and Bank of Italy
Downloads 311 (185,364)
Citation 118

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unconventional monetary policy, lending rates, bank lending channel, bank capital channel, fragmentation

The Role of Financial Stability Considerations in Monetary Policy and the Interaction with Macroprudential Policy in the Euro Area

ECB Occasional Paper No. 2021272
Number of pages: 142 Posted: 23 Sep 2021 Last Revised: 18 Nov 2021
ECB -DG Monetary Policy, Banque de France, European Central Bank (ECB), De Nederlandsche Bank, European Central Bank (ECB), Deutsche Bundesbank - Economics Department, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Banque de France, European Central Bank (ECB), European Central Bank, Bank of Slovenia, Leibniz Institute for Financial Research SAFE, Banco de España, Banque de France - Centre de Recherche, Bank of Italy, Banco de España, Deutsche Bundesbank, Central Bank of Malta, Bank of Greece, Bank of Greece, European Central Bank (ECB), Banco de Portugal, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Deutsche Bundesbank, Bank of Finland, European Central Bank (ECB)CEPR, Bank of Slovenia, National Bank of Belgium, Central Bank of Cyprus, Latvijas Banka, De Nederlandsche Bank, Oesterreichische Nationalbank (OeNB), Deutsche Bundesbank, Bank of Italy, De Nederlandsche Bank - Monetary and Economic Policy Department, European Central Bank (ECB), European Central Bank (ECB), Deutsche Bundesbank, University of Giessen - Department of Economics and Bank of Slovenia
Downloads 160 (348,641)

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financial frictions, Monetary policy, systemic risk

The Role of Financial Stability Considerations in Monetary Policy and the Interaction with Macroprudential Policy in the Euro Area

ECB Occasional Paper No. 2023/272
Number of pages: 142 Posted: 16 May 2023
ECB -DG Monetary Policy, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), Banque de France, European Central Bank (ECB), De Nederlandsche Bank, European Central Bank (ECB), Deutsche Bundesbank - Economics Department, European Central Bank (ECB), European Central Bank (ECB), Research Centre, European Central Bank (ECB), Bank of Portugal, European Central Bank (ECB), European Central Bank (ECB), Banque de France, European Central Bank (ECB), European Central Bank, Bank of Slovenia, Banque de FranceMassachusetts Institute of Technology (MIT) - Sloan School of Management, Deutsche Bundesbank - Economic Research Centre, Leibniz Institute for Financial Research SAFE, Banco de España, Banque de France - Centre de Recherche, Bank of Italy, Banco de España, Deutsche Bundesbank - Economic Research Centre, Suomen Pankki – Finlands Bank, Central Bank of Malta, Bank of Greece, Bank of Greece, European Central Bank (ECB), Banca d’Italia, Bank of Portugal, Oesterreichische Nationalbank (OeNB), European Central Bank (ECB), European Central Bank (ECB), Banco de España, European Central Bank (ECB), Central Bank of Ireland, European Central Bank (ECB), Deutsche Bundesbank - Economic Research Centre, Suomen Pankki – Finlands Bank, European Central Bank (ECB), European Central Bank (ECB)CEPR, Deutsche Bundesbank - Economic Research Centre, Banka Slovenije, Banque Nationale de Belgique, Central Bank of Cyprus, European Central Bank (ECB), Latvijas Banka, De Nederlandsche Bank, Oesterreichische Nationalbank (OeNB), Deutsche Bundesbank - Economic Research Centre, Banca d’Italia, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Oesterreichische Nationalbank (OeNB), Deutsche Bundesbank - Economic Research Centre, Deutsche Bundesbank - Economic Research Centre and Národná banka Slovenska
Downloads 134 (403,191)

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financial frictions, Monetary policy, systemic risk

12.

An Inquiry into the Determinants of the Profitability of Italian Banks

Bank of Italy Occasional Paper No. 364
Number of pages: 43 Posted: 15 Feb 2017
ECB -DG Monetary Policy, Bank of Italy and Bank of Italy
Downloads 238 (243,273)
Citation 10

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bank profits, bank capital, non-performing loans, Italian banks, Italian economy

13.

Asymmetric Information and AHE Securitization of SME Loans

BIS Working Paper No. 601
Number of pages: 42 Posted: 10 Jan 2017
ECB -DG Monetary Policy, Bank of Italy, Bank for International Settlements (BIS) and University of Zurich - Department Finance
Downloads 196 (291,493)

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securitization, SME loans, moral hazard, adverse selection

14.

Securitization is Not that Evil after All

AFA 2012 Chicago Meetings Paper
Number of pages: 60 Posted: 22 Mar 2011
affiliation not provided to SSRN, ECB -DG Monetary Policy, Bank of Italy and Bank for International Settlements (BIS)
Downloads 173 (325,946)
Citation 14

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securitization, banking, asymmetric information, signaling, reputation

15.

The Ecb's Price Stability Framework: Past Experience, and Current and Future Challenges

ECB Occasional Paper No. 2021269
Number of pages: 128 Posted: 23 Sep 2021 Last Revised: 18 Nov 2021
Bank of Italy, European Central Bank (ECB), European Central Bank (ECB), Banque de France - Centre de Recherche, Bank of Latvia, ECB -DG Monetary Policy, De Nederlandsche Bank, European Central Bank (ECB), Bank of Portugal, European Central Bank (ECB), European Central Bank (ECB), Bank of Italy, European Central Bank (ECB), Banque de France, Bank of Finland - Research, Central Bank of Cyprus, Deutsche BundesbankEuropean Central Bank (ECB)University of Kiel, European Central BankECB, European Central Bank (ECB), Central Bank of Ireland, Banco de España, Bank of Italy, Deutsche Bundesbank, European Central Bank (ECB), Banque de France, European Central Bank (ECB), European Central Bank (ECB), De Nederlandsche Bank, European Central Bank, Deutsche Bundesbank, European Central Bank (ECB) - Directorate General Research, European Central Bank (ECB), Bank of Finland, Central Bank of Ireland, European Central Bank (ECB), Deutsche Bundesbank, European Central Bank (ECB), Národná banka Slovenska, European Central Bank (ECB), European Central Bank (ECB), Banque de France, Deutsche Bundesbank, Bank of Greece, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Frankfurt School of Finance & Management, European Central Bank, European Central Bank, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), ZEW – Leibniz Centre for European Economic Research, National Bank of Belgium, Bank of Italy and Bank of Italy
Downloads 166 (337,845)
Citation 1

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effective lower bound, euro area, European Central Bank, monetary policy strategy, price stability

16.

Incentives in Universal Banks

Bank of Italy Economic Research Paper No. 572
Number of pages: 36 Posted: 10 Apr 2006
Ugo Albertazzi
ECB -DG Monetary Policy
Downloads 156 (356,274)
Citation 15

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Common Agency, Collusion, Conflicts of Interest, Universal Banks

17.

The Impact of the Sovereign Debt Crisis on the Activity of Italian Banks

Bank of Italy Occasional Paper No. 133
Number of pages: 36 Posted: 10 Oct 2012
ECB -DG Monetary Policy, Bank of Italy, Bank of Italy and Bank of Italy
Downloads 128 (416,696)
Citation 34

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sovereign spread, bank loan rates, bank lending

18.

The Procyclicality of Foreign Bank Lending: Evidence from the Global Financial Crisis

Bank of Italy Temi di Discussione (Working Paper) No. 926
Number of pages: 46 Posted: 16 Jul 2013
Ugo Albertazzi and Margherita Bottero
ECB -DG Monetary Policy and Bank of Italy
Downloads 90 (534,717)
Citation 37

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foreign banks, credit crunch, bank balance sheet channel, functional distance

19.

Credit Demand and Supply: A Two-Way Feedback Relation

Bank of Italy Temi di Discussione (Working Paper) No. 1134
Number of pages: 44 Posted: 06 Oct 2017
Ugo Albertazzi and Lucia Esposito
ECB -DG Monetary Policy and Bank of Italy
Downloads 80 (574,544)
Citation 19

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credit crunch, investment, strategic complementarities, global games

20.

Foreign Banks and the Doom Loop

ECB Working Paper No. 2021/2540
Number of pages: 33 Posted: 26 Apr 2021
ECB -DG Monetary Policy, European Central Bank and Autonomous University of Barcelona
Downloads 78 (582,989)
Citation 4

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21.

The (Unobservable) Value of Central Bank's Refinancing Operations

ECB Working Paper No. 20202480
Number of pages: 53 Posted: 14 Oct 2020
ECB -DG Monetary Policy, European Central Bank (ECB), Tilburg University and Tilburg University
Downloads 70 (618,977)
Citation 2

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bank runs, central bank policies, imperfect competition, multiple equilibria, structural estimation

22.

Sharing Information on Lending Decisions: An Empirical Assessment

Bank of Italy Temi di Discussione (Working Paper) No. 980
Number of pages: 47 Posted: 18 Feb 2015
Ugo Albertazzi, Margherita Bottero and Gabriele Sene
ECB -DG Monetary Policy, Bank of Italy and Bank of Italy
Downloads 69 (623,803)
Citation 11

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sequential lending decisions, credit supply, winner’s curse, informational spillover

23.

The Shadow Value of Unconventional Monetary Policy

CEPR Discussion Paper No. DP17053
Number of pages: 44 Posted: 29 Mar 2022
ECB -DG Monetary Policy, European Central Bank (ECB), Tilburg University and Tilburg University
Downloads 0 (1,171,839)
Citation 1
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bank runs, Central bank policies, Imperfect Competition, multiple equilibria, structural estimation

24.

Asymmetric Information and the Securitization of SME Loans

CEPR Discussion Paper No. DP11785
Number of pages: 40 Posted: 23 Jan 2017
ECB -DG Monetary Policy, Bank of Italy, Bank for International Settlements (BIS) and University of Zurich - Department Finance
Downloads 0 (1,171,839)
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Adverse Selection, moral hazard, Securitization, SME loans