Ugo Albertazzi

ECB -DG Monetary Policy

Sonnemannstrasse 22

Frankfurt am Main, 60314

Germany

SCHOLARLY PAPERS

24

DOWNLOADS

6,060

SSRN CITATIONS

214

CROSSREF CITATIONS

354

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 1,551 (16,896)
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 721 (50,416)
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 611 (62,501)
Citation 122

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credit supply, bank capital, flight to quality, evergreening

4.
Downloads 391 (107,125)
Citation 19

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 212 (200,541)
Citation 25

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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 179 (233,530)

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securitization, asymmetric information, signaling, reputation

5.

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 364 (116,127)
Citation 66

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tax-shifting, corporate income tax, bank profitability

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: 25 Apr 2022
ECB -DG Monetary Policy, Bank of Italy, Bank for International Settlements (BIS) and University of Zurich - Department of Banking and Finance
Downloads 240 (179,552)

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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 of Banking and Finance
Downloads 94 (380,687)
Citation 27

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securitization, SME loans, moral hazard, adverse selection

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

Swiss Finance Institute Research Paper No. 20-99
Number of pages: 87 Posted: 03 Dec 2020 Last Revised: 23 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 of Banking and Finance
Downloads 106 (351,709)
Citation 1

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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 of Banking and Finance
Downloads 83 (411,273)
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: 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 83 (411,273)
Citation 2

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cross-border banks, interest rate fixation, mortgages

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 of Banking and Finance
Downloads 7 (853,840)

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Fixed Rate Mortgages, Adjustable Rate Mortgages, Euro Area 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 of Banking and Finance
Downloads 5 (876,474)

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

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 236 (181,463)
Citation 13

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

9.

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 228 (187,468)
Citation 1

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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 224 (190,603)
Citation 42

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

11.

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 of Banking and Finance
Downloads 167 (247,529)

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securitization, SME loans, moral hazard, adverse selection

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 155 (263,486)
Citation 6

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

13.

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 150 (270,474)
Citation 14

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securitization, banking, asymmetric information, signaling, reputation

14.

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 147 (274,930)
Citation 15

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Common Agency, Collusion, Conflicts of Interest, Universal Banks

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, Deutsche Bundesbank, Banque de France, European Central Bank (ECB), European Central Bank (ECB), De Nederlandsche Bank, European Central Bank, University of St. Gallen, 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 and Management, European Central Bank, European Central Bank, Banco de España, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Deutsche Bundesbank, National Bank of Belgium, Bank of Italy and Bank of Italy
Downloads 93 (380,104)

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

16.

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 93 (380,104)
Citation 18

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sovereign spread, bank loan rates, bank lending

17.

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, European Central Bank (ECB), University of Navarra - Department of Microbiology and Infectious Diseases, 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 87 (395,963)

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financial frictions, Monetary policy, systemic risk

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 70 (447,905)
Citation 31

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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 47 (538,914)
Citation 18

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credit crunch, investment, strategic complementarities, global games

20.

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 47 (538,914)
Citation 11

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

21.

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 34 (606,435)

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22.

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 26 (657,765)

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

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 (910,098)
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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 of Banking and Finance
Downloads 0 (910,098)
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Adverse Selection, moral hazard, Securitization, SME loans