Giovanni Dell'Ariccia
Last Updated: August 03, 2009
Giovanni Dell'Ariccia is an Advisor in the Research Department where he coordinates the activities of the Macro-Financial Linkages Unit. Previously he worked in the Asia and Pacific Department. His research interests include: Banking; the Macroeconomics of Credit; International Finance; and Conditionality in International Lending and Aid Programs. He is a CEPR Research Fellow and a member of the Editorial Committee of the IMF Staff Papers.
Email: gdellariccia@imf.org
Fluent In: Italian.
Education and Awards:
Massachusetts Institute of Technology, Ph.D. in Economics (1997)
Universita’ di Roma “La Sapienza”, Laurea in Scienze Statistiche ed Economiche (Summa cum Laude).
1993-1995, Fellowship “Luciano Jona” Compagnia di San Paolo, Turin. 1995-1996, Fellowship Banca Nazionale del Lavoro, Rome.
Referee Activities:
American Economic Review, Review of Economic Studies, Journal of Finance, Journal of Financial Economics, Econometrica, Review of Financial Studies, European Economic Review, RAND Journal of Economics, Economic Journal, IMF Staff Papers, Journal of Financial Services Research, Journal of International Economics, Review of International Economics, World Bank Economic Review, Journal of Banking and Finance, The Manchester School, Journal of Development Economics, Journal of Financial Intermediation, Journal of Money, Credit, and Banking, Journal of the European Economic Association.
Work in Progress:
Credit Booms: the Good, the Bad, and the Ugly (with A. Barajas and A. Levchenko)
Lender Behavior During the Mortgage Boom (with D. Igan and L. Laeven)
Creditless Recoveries (with A. Abiad and B. Li)
Credit Booms and Lending Standards: Evidence from the U.S. Subprime Mortgage Market (with Deniz Igan and Luc Laeven) –IMF WP 08/106
IMF Books and Working Papers:
Reaping the Benefits of Financial Globalization, Occasional Paper No. 264, December 16, 2008
Credit Booms and Lending Standards: Evidence from the Subprime Mortgage Market, Working Paper No. 08/106, April 01, 2008
The Real Effect of Banking Crises, Working Paper No. 05/63, March 01, 2005
Early Birds, Late Risers, and Sleeping Beauties: Bank Credit Growth to the Private Sector in Central and Eastern Europe and in the Balkans, Working Paper No. 03/213, November 01, 2003
Budget Support versus Project Aid, Working Paper No. 03/88, April 01, 2003
Moral Hazard and International Crisis Lending: A Test, Working Paper No. 02/181, October 01, 2002
Limits of Conditionality in Poverty Reduction Programs, Working Paper No. 02/115, July 01, 2002
Competition Among Regulators, Working Paper No. 01/73, May 01, 2001
Flight to Quality or to Captivity? Information and Credit Allocation, Working Paper No. 01/20, February 01, 2001
Bank Competition and Firm Creation, Working Paper No. 01/21, January 01, 2001
Liberalizing Capital Movements:Some Analytical Issues, Economic Issues No. 17, March 16, 1999
Capital Account Liberalization: Theoretical and Practical Aspects, Occasional Paper No. 172, September 30, 1998
Exchange Rate Fluctuations and Trade Flows - Evidence from the European Union, Working Paper No. 98/107, August 01, 1998
Asymmetric Information and the Market Structure of the Banking Industry, Working Paper No. 98/92, June 01, 1998
Bank Lending and Interest Rate Changes in a Dynamic Matching Model, Working Paper No. 98/93, June 01, 1998
Publications in Refereed Journals
Risk and the Corporate Structure of Banks. (with R. Marquez) Journal of Finance, 2009, forthcoming.
The Real Effect of Banking Crises (with Enrica Detragiache and Raghuram Rajan), Journal of Financial Intermediation, 2008, Vol. 17, pp. 89-112.
Can Cost Increases Increase Competition? (with Robert Marquez), RAND Journal of Economics, 2008, Vol. 39, pp. 144-162.
Budget Support versus Project Aid: a Theoretical Appraisal. (with Tito Cordella) Economic Journal, 2007, Vol 117, pp. 1260-1279.
How Banks Go Abroad: Branches or Subsidiaries? (with Eugenio Cerutti and Maria Soledad Martinez-Peria), Journal of Banking and Finance, 2007, Vol.31, pp. 1669-1692.
Gross Credit Flows (with Pietro Garibaldi), Review of Economic Studies, 2005, Vol. 72, No. 3.
Other Publications
Credit Booms: the Good, the Bad, and the Ugly. Thailand: Selected Issues, 2006.
Asset Price Booms: How Can They Best Be Managed? Finance and Development, June 2009.
Giovanni Dell'Ariccia is an Advisor in the Research Department where he coordinates the activities of the Macro-Financial Linkages Unit. Previously he worked in the Asia and Pacific Department. His research interests include: Banking; the Macroeconomics of Credit; International Finance; and Conditionality in International Lending and Aid Programs. He is a CEPR Research Fellow and a member of the Editorial Committee of the IMF Staff Papers.
Email: gdellariccia@imf.org
Fluent In: Italian.
Education and Awards:
Massachusetts Institute of Technology, Ph.D. in Economics (1997)
Universita’ di Roma “La Sapienza”, Laurea in Scienze Statistiche ed Economiche (Summa cum Laude).
1993-1995, Fellowship “Luciano Jona” Compagnia di San Paolo, Turin. 1995-1996, Fellowship Banca Nazionale del Lavoro, Rome.
Referee Activities:
American Economic Review, Review of Economic Studies, Journal of Finance, Journal of Financial Economics, Econometrica, Review of Financial Studies, European Economic Review, RAND Journal of Economics, Economic Journal, IMF Staff Papers, Journal of Financial Services Research, Journal of International Economics, Review of International Economics, World Bank Economic Review, Journal of Banking and Finance, The Manchester School, Journal of Development Economics, Journal of Financial Intermediation, Journal of Money, Credit, and Banking, Journal of the European Economic Association.
Work in Progress:
Credit Booms: the Good, the Bad, and the Ugly (with A. Barajas and A. Levchenko)
Lender Behavior During the Mortgage Boom (with D. Igan and L. Laeven)
Creditless Recoveries (with A. Abiad and B. Li)
Credit Booms and Lending Standards: Evidence from the U.S. Subprime Mortgage Market (with Deniz Igan and Luc Laeven) –IMF WP 08/106
IMF Books and Working Papers:
Reaping the Benefits of Financial Globalization, Occasional Paper No. 264, December 16, 2008
Credit Booms and Lending Standards: Evidence from the Subprime Mortgage Market, Working Paper No. 08/106, April 01, 2008
The Real Effect of Banking Crises, Working Paper No. 05/63, March 01, 2005
Early Birds, Late Risers, and Sleeping Beauties: Bank Credit Growth to the Private Sector in Central and Eastern Europe and in the Balkans, Working Paper No. 03/213, November 01, 2003
Budget Support versus Project Aid, Working Paper No. 03/88, April 01, 2003
Moral Hazard and International Crisis Lending: A Test, Working Paper No. 02/181, October 01, 2002
Limits of Conditionality in Poverty Reduction Programs, Working Paper No. 02/115, July 01, 2002
Competition Among Regulators, Working Paper No. 01/73, May 01, 2001
Flight to Quality or to Captivity? Information and Credit Allocation, Working Paper No. 01/20, February 01, 2001
Bank Competition and Firm Creation, Working Paper No. 01/21, January 01, 2001
Liberalizing Capital Movements:Some Analytical Issues, Economic Issues No. 17, March 16, 1999
Capital Account Liberalization: Theoretical and Practical Aspects, Occasional Paper No. 172, September 30, 1998
Exchange Rate Fluctuations and Trade Flows - Evidence from the European Union, Working Paper No. 98/107, August 01, 1998
Asymmetric Information and the Market Structure of the Banking Industry, Working Paper No. 98/92, June 01, 1998
Bank Lending and Interest Rate Changes in a Dynamic Matching Model, Working Paper No. 98/93, June 01, 1998
Publications in Refereed Journals
Risk and the Corporate Structure of Banks. (with R. Marquez) Journal of Finance, 2009, forthcoming.
The Real Effect of Banking Crises (with Enrica Detragiache and Raghuram Rajan), Journal of Financial Intermediation, 2008, Vol. 17, pp. 89-112.
Can Cost Increases Increase Competition? (with Robert Marquez), RAND Journal of Economics, 2008, Vol. 39, pp. 144-162.
Budget Support versus Project Aid: a Theoretical Appraisal. (with Tito Cordella) Economic Journal, 2007, Vol 117, pp. 1260-1279.
How Banks Go Abroad: Branches or Subsidiaries? (with Eugenio Cerutti and Maria Soledad Martinez-Peria), Journal of Banking and Finance, 2007, Vol.31, pp. 1669-1692.
Gross Credit Flows (with Pietro Garibaldi), Review of Economic Studies, 2005, Vol. 72, No. 3.
Other Publications
Credit Booms: the Good, the Bad, and the Ugly. Thailand: Selected Issues, 2006.
Asset Price Booms: How Can They Best Be Managed? Finance and Development, June 2009.