Welcome to the UPF Digital Repository

The institutional repository collects, disseminates and preserves, in digital form, the intellectual output that results from the academic and research activity of the UPF and also the scientific magazines and the institutional publications. Its purpose is to increase the impact of research done at the UPF and its intellectual memory.

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Recently Added

  • Clerc, Laurent; Giovannini, Alberto; Langfield, Sam; Peltonen, Tuomas; Portes, Richard; Scheicher, Martin (2018-04)
    An epidemiologist calculating the risk of a localised epidemic becoming a global pandemic would investigate every possible channel of contagion from the infected region to the rest of the world. Focusing on, say, the ...
  • Abad, Jorge; D'Errico, Marco; Killeen, Neill; Luz, Vera; Peltonen, Tuomas; Portes, Richard; Urbano, Teresa (2018-09-26)
    This paper provides a unique snapshot of the exposures of EU banks to shadow banking entities within the global financial system. Drawing on a rich and novel dataset, the paper documents the cross-sector and cross-border ...
  • Hagen, Jürgen von; Chen, Yao (2018-05)
    The sovereign debt crisis in the euro area has shown that sovereign default risk can be a serious issue also in advanced economies. We use a difference-in-difference approach to identify the factors that lead to the crisis ...
  • Ari, Anil; Corsetti, Giancarlo; Dedola, Luca (2018-04)
    Is the seniority structure of sovereign debt neutral for a government’s decision between defaulting and raising surpluses? In this paper, we address this question using a model of debt crises where a discretionary government ...
  • Dmitriev, Mikhail; Hoddenbagh, Jonathan (2018-04)
    We derive the optimal fiscal transfer scheme for countries in a monetary union to off-set the welfare losses resulting from asymmetric shocks and nominal rigidities. Optimal transfers involve a trade-off between reducing ...

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