Browsing by Author "Sette, Enrico"

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  • Michelangeli, Valentina; Peydró, José-Luis; Sette, Enrico (2021-12)
    We identify the relative importance for bank lending of borrower (demand-side) versus bank (supply-side) factors. We submit thousands of fictitious mortgage applications, changing one borrower-level factor at time, to the ...
  • Michelangeli, Valentina; Peydró, José-Luis; Sette, Enrico (2021-07)
    (July 2020) This paper identifies and quantifies –for the first time– the relative importance of borrower (credit demand) versus bank (supply) balance-sheet channels. We submit fictitious applications (varying households’ ...
  • Ippolito, Filippo; Peydró, José-Luis; Polo, Andrea, 1983-; Sette, Enrico (Elsevier, 2016)
    By providing liquidity to depositors and credit-line borrowers, banks can be exposed to double-runs on assets and liabilities. For identification, we exploit the 2007 freeze of the European interbank market and the Italian ...
  • Ippolito, Filippo; Peydró, José-Luis; Polo, Andrea, 1983-; Sette, Enrico (2015-11-01)
    By providing liquidity to depositors and credit-line borrowers, banks can be exposed to double-runs on assets and liabilities. For identification, we exploit the 2007 freeze of the European interbank market and the Italian ...
  • Bottero, Margherita; Minoiu, Camelia; Peydró, José-Luis; Polo, Andrea, 1983-; Presbitero, Andrea F.; Sette, Enrico (2020-09-15)
    We show that negative interest rate policy (NIRP) has expansionary effects on bank credit supply—and the real economy—through a portfolio rebalancing channel, and that, by shifting down and flattening the yield curve, NIRP ...
  • Bottero, Margherita; Minoiu, Camelia; Peydró, José-Luis; Polo, Andrea, 1983-; Presbitero, Andrea F.; Sette, Enrico (Elsevier, 2022)
    We show that negative interest rate policy (NIRP) has expansionary effects on credit supply through a portfolio rebalancing channel. By shifting down and flattening the yield curve, NIRP differs from rate cuts just above ...
  • Bottero, Margherita; Minoiu, Camelia; Peydró, José-Luis; Polo, Andrea, 1983-; Presbitero, Andrea F.; Sette, Enrico (2019-02-22)
    We show that negative interest rate policy (NIRP) has expansionary effects on bank credit supply- and the real economy - through a portfolio rebalancing channel, and that, by shifting down and flattening the yield curve, ...
  • Peydró, José-Luis; Polo, Andrea, 1983-; Sette, Enrico (2020-04)
    Monetary policy transmission may be impaired if banks rebalance their portfolios towards securities to pursue e.g. risk-shifting or liquidity hoarding. We identify the bank lending and risk-taking channels by exploiting – ...
  • Peydró, José-Luis; Polo, Andrea, 1983-; Sette, Enrico (Elsevier, 2021)
    Monetary policy transmission may be impaired if banks rebalance their portfolios toward securities. We identify the bank lending and risk-taking channels of monetary policy by exploiting—Italy's unique—credit and security ...
  • Bottero, Margherita; Minoiu, Camelia; Peydró, José-Luis; Polo, Andrea, 1983-; Presbitero, Andrea F.; Sette, Enrico (2019)
    We study negative interest rate policy (NIRP) exploiting ECB’s NIRP introduction and administrative data from Italy, severely hit by the Eurozone crisis. NIRP has expansionary effects on credit supply—and hence the real ...
  • Peydró, José-Luis; Polo, Andrea, 1983-; Sette, Enrico; Vanasco, Victoria (2023-02)
    We show that risk-mitigating incentives dominate risk-shifting incentives in fragile banks. We study security trading by banks, as banks can easily and quickly change their risk exposure within their security portfolio. ...
  • Peydró, José-Luis; Polo, Andrea, 1983-; Sette, Enrico (Oxford University Press, 2018)

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