Affiliations

 

Associate Professor, Goethe University of Frankfurt, Department of Finance

 

Fellow, Financial Institutions Center, Wharton School, University of Pennsylvania  

 

Affiliate, Max Planck Institute for Research on Collective Goods, Bonn.

 

 

Education

 

Habilitation in Economics, University of Mannheim

 

Ph.D. in Economics, London School of Economics

 

Doctorate in Economics, University of Bologna

 

Master in Economics, Bocconi University, Milan

 

 

Research interests

 

Financial Intermediation, Financial Regulation, Corporate Finance, Corporate Governance and Antitrust

 

 

Publications in refereed journals

 

"Mark-to-Market Accounting and Liquidity Pricing" (with Franklin Allen), forthcoming, Journal of Accounting and Economics

 

“Multiple-bank Lending: Diversification and Free-riding in Monitoring (with Vittoria Cerasi and Sonja Daltung), Journal of Financial Intermediation, 2007, 16(3), 425-451

 

“Bank Mergers, Competition and Liquidity” (with Philipp Hartmann and Giancarlo Spagnolo), Journal of Money, Credit and Banking, 2007, 39(5), 1067-1107

 

"Credit Risk Transfer and Contagion" (with Franklin Allen), Journal of Monetary Economics, 2006, 53, 89-111

 

"The Privatization of Italian Savings Banks - A Role for Germany?" (with Hendrik Hakenes and Isabel Schnabel), DIW Quarterly Journal  for Economic Research (Vierteljahrshefte zur Wirtschaftsforschung), 2005, 74(4), 32-50

 

“The Structure of Bank Relationships, Endogenous Monitoring and Loan Rates”, Journal of Financial Intermediation, 2004, 13, 58-86

 

Book chapters

 

"Competition and Regulation in Banking," forthcoming in A. Boot and A. Thakor (eds.), Handbook in Financial Intermediation, Elsevier, North Holland

 

“Competition and Stability: What’s Special about Banking?”, 2003, (with Philipp Hartmann), in P. Mizen (ed.), Monetary History, Exchanges Rates and Financial Markets: Essays in Honour of Charles Goodhart, vol. 2, Cheltenham: Edward Elgar, 202-229

 

“Competition, Regulation and Stability” ,2000, in M. Polo (ed.), Industria Bancaria e Concorrenza (in Italian), Il Mulino , Bologna, 67-136

 

 

Other publications

 

“Kapitalregulierung von Banken und Systemische Risiken im Lichte von Basel II,“ 2007, (with Jan Pieter Krahnen ), Zeitschrift für das gesamte Kreditwesen,8-2007, 374-376

 

“Cross-border banking and competition policy,” 2006, (with Philipp Hartmann and Steven Ongena), European Central Bank Research Bulletin, 4, 7-10

 

"Bank Competition and the Role of Regulation", 2005, (with Franklin Allen and Robert Marquez), in The Art of the Loan in the 21st Century, Producing, Pricing, and the Regulation Credit, Proceedings of the 41st Annual Conference on Bank Structure and Competition, Federal Reserve Bank of Chicago, 121-123

 

“Bank Mergers, Competition and Liquidity” ,2003, (with Philipp Hartmann and Giancarlo Spagnolo), in Corporate Governance: Implications for Financial Services Firms, Proceeding of the 39th Annual Conference on Bank Structure and Competition, Federal Reserve Bank of Chicago, 89-99

 

“Implications of the Bank Merger Wave for Competition and Stability” ,2002, (with Philipp Hartmann and Giancarlo Spagnolo), in Risk Measurement and Systemic Risk, Proceedings of the Third Joint Central Bank Research Conference (Board of Governors of the Federal Reserve System, Bank of Japan, European Central Bank), 38-50

 

“The Milk Quotas Dilemma: Which Balance between Competition and Efficieny?“,1988, (with Daniela Giangiulio), Meridiana (in Italian), 32

 

 

Working papers

 

"Regulation and Competition Policy in the Banking Sector" (with Xavier Vives)

 

"Banks, Markets and Liquidity" (with Franklin Allen) 

 

"Stakeholder Capitalism, Governance and Firm Value" (with Franklin Allen and Robert Marquez)

 

"The Economic Impact of Merger Control Legislation " (with Philipp Hartmann and Steven Ongena) - new version: December 2007

 

"Credit Market Competition and Capital Regulation" (with Franklin Allen and Robert Marquez) - new version: January 2008

 

“Bank Moral Hazard and Market Discipline”

 

 

 

 

  

 

Last update: 02.02.2008

 

Address for Correspondence: 

Center for Financial Studies

at the University of Frankfurt

Mertonstr. 17-21

60325 Frankfurt a. M., Germany

 

Tel: +49- 69-798 300 61

Fax: +49- 69-798 300 77

E-mail: carletti@ifk-cfs.de

 

Click here for my CV (pdf)

 

 

Elena Carletti