>

Università degli Studi di Salerno Università degli Studi di Napoli Università Bocconi - Milano

VISITING RESEARCHERS

 

2006

Anna Sanz De Galdeano has a PhD in Economics at the European University Institute. She has been CSEF Fellow from May 2004 until January 2006 when she has been appointed at the University of Girona. She has also held visiting positions at Universidad Carlos III de Madrid and at the Research Department of the European Central Bank. Her primary research interest is in labour economics and health economics with a particular focus on program evaluation. She has evaluated the impact of the 1996 Health Insurance Portability and Accountability Act on job-lock, studied the effect of parental divorce on adolescents’ cognitive development, and explored the relationship between parental employment and the amount of time devoted to child care. Her current research includes evaluations of the impact of obesity on the demand for health care services, studies of the demand for health care and health insurance in Portugal and analyses of the effects of firm-level bargaining on the structure of Spanish wages. Two of her recent papers are forthcoming in the Industrial and Labor Relations Review (“Job-Lock and Public Policy: Evidence from Clinton’s Second Mandate“) and in Economics Letters (“The Euro Area Wage Curve”, with Jarkko Turunen).

Thomas Steinberger   has a Ph.D. from the European University Institute (Florence). He has been CSEF Fellow from April 2003 until January 2006 when he has been appointed at the University of Vienna. During his stay at CSEF he studied optimal financial and economic decisions of households and firms in dynamic settings with uncertainty. In a paper published in 2005 in the Journal of Economic Dynamics and Control, he shows that observed occupational choice decisions by households and returns to entrepreneurship can be captured well by a life-cycle portfolio choice model. Two other recently published papers analyse the cross-sectional distribution of wealth from a life-cycle perspective and business cycle dynamics in economies with imperfect financial markets. Within the FINRET network he studied the impact of public pension reform on entrepreneurial activity and the welfare impact of funding regulations for private DB pension plans.

Raghu Suryanarayanan  was a Marie Curie postdoctoral fellow at the University of Salerno from February until August 2006. He holds a Ph.D. in Economics from the University of Chicago and joined the Economics Team at Morgan Stanley (London). His research interests include Asset Pricing and Intertemporal Choice under Uncertainty. Last year he wrote “Implications of Anticipated Regret and Endogenous Beliefs for Equilibrium Asset Prices: a Theoretical Framework.” (CSEF Working Papers n. 161) “A Model of Anticipated Regret and Endogenous Beliefs” (CSEF Working Paper n. 162).

2005

Renata Bottazzi is a Research Economist at the Institute for Fiscal Studies, London. Last year she received her Ph.D. in Economics from University College London with a thesis of “Essays on Household Labour Market Participation, Housing, and Wealth Accumulation Decisions”. Previously, she received a Doctoral degree in Economics of the Public Sector from the University of Salerno, with a thesis of “Essays on Household Behaviour”. Her research interests include household consumption and labour supply, saving, and housing decisions over the life cycle. In the Fall of 2005 she visited CSEF to work with Tullio Jappelli and Mario Padula on the impact of Italian pension reforms on retirement expectations and wealth accumulation decisions. At IFS she is working on the interaction between labour supply and housing decisions in a structural life cycle model (with Orazio Attanasio, Hamish Low, Lars Nesheim and Matthew Wakefield).

Raquel Fonseca joined CSEF in September 2002 as Post-doctoral fellow and, after spending three years at CSEF, in September moved to Los Angeles to take a research position at Rand Corporation. Raquel has a Ph.D in Economics from the Catholic University of Louvain. Her research focuses on matching between job offers and workers, skill regional mismatch, gender discrimination and entrepreneurship. Recent papers include “Welfare Effects of Social Security Reforms Across Europe: the Case of France and Italy” (with Thepthida Sopraseuth), CSEF Working Paper n. 138, and “Can the Matching Model Account for Spanish Unemployment?” (with Rafael Muñoz) in Investigaciones Economicas.

Luigi Pistaferri is Assistant Professor of Economics at Stanford University, a Research Fellow of CEPR, and a Faculty Fellow of SIEPR. His current research focuses on household consumption behaviour, income dynamics, and insurance of labour market risks. His articles have been published in Econometrica, Journal of Political Economy, Review of Economic Studies, and other top journals in Economics. He is involved in research projects with various CSEF Fellows, including Tullio Jappelli and Mario Padula, and has spent several months at CSEF as a visitor over the last few years.

Matthew Wakefield spent two months at CSEF as Marie Curie Fellow. He is a Senior Research Economist at the Institute for Fiscal Studies in London, and a PhD student at University College, London. His research interests include examining how people respond to incentives to save and to provide for their retirement, and structural life-cycle modelling of individuals’ choices over consumption and saving. While at CSEF Matt worked on an empirical investigation of how individuals responded to the UK’s ‘stakeholder pension’ reform, and on a life-cycle model that incorporates a house purchase decision alongside saving choices. His recent publications include “Effectiveness of Tax Incentives to Boost (Retirement) Saving: Theoretical Motivation and Empirical Evidence” (with Orazio Attanasio and James Banks), OECD Economic Studies 2005, and “Ill-health and Retirement in Britain: A Panel Data Based Analysis’ (with Richard Disney and Carl Emmerson), forthcoming in Journal of Health Economics.

2004

Yannis Bilias is Associate Professor of Economics at University of Cyprus, specializing in microeconometrics.  During his visit in CSEF, May and June of 2004, he worked on issues related to the RTN program on the Economics of Ageing.  In particular, he has worked (with Michael Haliassos) on "The distribution of gains from access to stocks" and he is currently working (with Dimitris Georgarakos and Michael Haliassos) on the issue of "Equity Culture and the Distribution of Wealth". During March 2004, he visited the Finance and Consumption Chair at EUI, Florence. Yannis has also worked on issues related to the estimation methodology of quantile regression and its applications. In 2002, he coauthored (with Anil Bera) the article "The MM, ME, ML, EL, EF and GMM Approaches to Estimation: A Synthesis", in Journal of Econometrics.

Tiziana Brancaccio received her PhD in 2003 from Boston College and is currently Assistant Professor at University College Dublin. Her main fields of interest are development and labor economics. During her thesis she has worked on the relationship between choice of land contracts in developing countries and farming risk, empirically testing the canonical moral hazard theory and proposing a theoretical model based on compensating differentials. Her current research focuses on estimating the offset effect of pension wealth on private wealth when agents are misinformed about their retirement benefits and knowledge evolves over time.

Issam Hallak joined CSEF in February 2004 on the RTN programme “Understanding Financial Architecture”, funded by the European Commission. Issam obtained his PhD at the European University Institute, Florence, on the contract designs of sovereign debt contracts. Generally speaking, his research interests include banking & financial intermediation, corporate finance, law and finance, sovereign debts. He was previously appointed as a researcher at the University of Oxford and at the Center for Financial Studies (University of Frankfurt). His papers have been presented at major conferences, e.g. the European Finance Association meeting, Glasgow 2003. Also, a paper of his won the prize for “Best Paper in Financial Institutions” at the Southwestern Finance Association meeting, Orlando, 2004. In September, Issam is due to take up a position of Assistant Professor at Università Bocconi.

Rebeca Jiménez-Rodriguez has spent a year at CSEF as Marie Curie Fellow. She received a Ph.D in Economics at the University of Alicante (Spain) with a dissertation on Macroeconometrics. Her main research interests are Econometrics and Applied Macroeconomics.

Natalia Utrero Gonzalez has spent a year at CSEF after the completion of a Ph.D. at the Universidad Carlos III de Madrid (Spain). Her fields of interest are corporate finance, law and finance and banking. She has analysed the effects of banking regulation and investor protection on industry leverage, growth and investment decisions. She has presented her papers at EFA 2001, EFA 2002 and EEA 2003.  Her current research focuses on banking structure and bank-firm relationships. She is currently working  on the relationship between labour market imperfections and financial decisions corporate governance of financial institutions with with Raquel Fonseca and on financial institutions corporate governance with Francisco Callado.

2003

Fany Declerck obtained her PhD in 2000 from the University of Lille (France). She is Associate Professor of Economics at the University of Toulouse since 2000. Her research interest is market microstructure, M&As, and corporate governance. Her paper “Why Markets should not Necessarily Reduce the Tick Size” (with D. Bourghelle) is forthcoming in the Journal of Banking and Finance. She is working on four research projects: an analysis investigates the principal order characteristics, the piggyback and front-running hypothesis and the profitability of dual traders activity using 3 months of high-frequency data from Euronext Paris; an empirical analysis (with Bruno Biais) of the effects of Euronext financial market integration; as ITL lowers the cost of capital in countries where they are enforced, she (with E. de Bodt and N. Aktas) proposes a theoretical and an empirical test of deterrence effect of (anti) insider trading laws (ITL) on the investors’ behaviour, the trading activities of insiders and stock markets around merger and acquisition announcement; and an analysis of how the shareholders monitoring and the ownership structure affect the adverse selection on the financial market.

Alex Frino is currently the Professor and Chair of Finance at the University of Sydney, Australia and Director, Securities Industry Research Centre of Asia Pacific.  He has a PhD in Finance from the University of Sydney and an MPhil in Finance from Cambridge University.  Dr Frino has published one book and over 40 research papers in journals such as Journal of Finance , Journal of Banking and Finance , Journal of Futures Markets and Journal of Portfolio Management.  He has also held visiting appointments at the Sydney Futures Exchange and Credit Suisse First Boston, and maintains strong links with industry.  His research interests include securities market microstructure and portfolio management.

Alexei Goriaev obtained a PhD in finance in 2002 at Tilburg University (the Netherlands). Since then, he is Assistant Professor of Economics at the New Economic School, Moscow. He visited CSEF in winter 2002-2003. His general research interest is in financial econometrics. His recent research has focused on mutual funds (predictability of mutual fund performance, impact of fund relative performance on mutual fund flows, lag structure of the flow-performance relationship, and strategic risk taking by fund managers) and asset pricing as well as portfolio management in emerging financial markets.

Luigi Pistaferri is Assistant Professor of Economics at Stanford University, National Fellow of the Hoover Institution, and a Research Affiliate of the Centre  for Economic Policy Research. His research focuses on intertemporal consumption choices and on the measurement of microeconomic labor market risks. In 2003 he has published the following articles: “Income volatility and household consumption: The impact of Food Assistance programs” (joint with Richard Blundell), on the Journal of Human Resources; “Anticipated and unanticipated wage changes, wage risk and intertemporal labor supply”, on the Journal of Labor Economics; “Tax incentives and the demand for life insurance: Evidence from Italy” (joint with Tullio Jappelli), on the Journal of Public Economics; and “Tax incentives for household saving and borrowing” (joint with Tullio Jappelli), in the book Taxation of Financial Intermediation, edited by Patrick Honohan and published by Oxford University. The article “Income variance dynamics and heterogeneity” (joint with Costas Meghir) is forthcoming in Econometrica.

 

 

2002

Giovanni Cespa is Assistant Professor of Finance at Pompeu Fabra University, Barcelona. He received a PhD in Economic Analysis from the Universitat Autonoma de Barcelona in 1999. His research deals with market microstructure, with a special emphasis on dynamic trading strategies and multi asset trading mechanisms, industrial organization and corporate governance. The paper "Short‑term investment and equilibrium multiplicity," where he analyses the effect of risk aversion and heterogeneous horizons in a financial market with asymmetric information, has recently been published in the October issue of the European Economic Review. In ongoing research with Giacinta Cestone, he studies the effect on shareholder value of the explicit protection of non‑shareholder constituencies. The paper shows that the introduction of stakeholder protection "rules" may deprive managers of their grip on social activists, enhancing managerial turnover and thus benefiting shareholders.

Hans Degryse is Associate Professor of Financial Economics at the Universities of Leuven and Tilburg. During his stay at CSEF, he investigated banking competition from different perspectives. In particular, he focussed on two issues. First, he empirically examined the impact of distance between borrowers and banks on loan pricing. Second, he explored the issue of strategic information display about borrowers between banks. More generally, his research interests include banking competition, market microstructure and financial economics.

Michael Halling is Assistant Professor at the University of Vienna and a research associate at the Johannes Kepler University of Linz. He received an MS and PhD in computer science from the Vienna University of Technology and an MS in social and economic sciences from the University of Vienna. His general research areas include equity and bond markets, the reinsurance industry and auditor reputation. In 2002 he spent 2 months at CSEF. During his stay he investigated empirically the dynamics of trading volume for a large sample of cross-listed European companies.

Natalia Utrero Gonzalez has spent the last term at CSEF after completing a Ph.D. at the Universidad Carlos III de Madrid (Spain). Her fields of interest are corporate finance, law and finance and banking. Last year she worked on the papers: “Investor Protection, Banking Regulation, Institutional Framework and Capital Structure: International Evidence from Industry Data” and “Legal Environment, Capital Structure and Firm Growth”, presented at the 28th European Financial Association Annual Meeting in August 2002. Her current research focuses on bank-firm relationships and the effects that banking structure may have on the lending relationships.

 

 

2001

Klaus Adam has spent a year at CSEF after the completion of a Ph.D. at the European University  Institute. His research interests include the  modelling of learning and adaptive expectations, the economics of  information and uncertainty, and experimental economics, especially in the context of macroeconomic models. His paper on “Learning while Searching for the  Best Alternative” is forthcoming in  the Journal of Economic Theory. With Ramon Marimon he has developed an innovative experimental software called MacroLab, which is now available on the net at http://www.csef.it/adam/macroLab/start.htm.
 
 
Stefan Ambec has spent a year at CSEF after the completion of a Ph.D. at the University of Montreal. He has been postdoctoral fellow at GREEN, University Laval, Canada. He is currently researcher at French’s research institute INRA localized at the University of Grenoble. His research applies contract theory and game theory to different topics such as the organization of R&D activities, informal financial agreement in developing countries, water management, environmental regulation and the allocation of control authority in organizations. Among his papers, “Sharing a river” (joint with Yves Sprumont) has been accepted for publication in the Journal of Economic Theory, and “A theoretical Foundation of the Porter Hypothesis” (joint with Philippe Barla) is forthcoming in Economics Letters.
 

Nicolas Boccard has been a CSEF member from May 2000 to July 2001 and is currently assistant professor in economics at the University of Girona, Spain. He had previously obtained a doctoral degree at ENSAE-CREST in Paris in 1995 and held a position as Research Fellow at CORE, Université de Louvain since then. In 2001 his research has dealt with: 1) Corporate finance. His article on the competition among financiers for the funding of start-ups has been presented in December 2001 at the XXVI Simposio de Analisis Economico in Alicante; 2) Fraud insurance and competition for customers, with P. Legros of Ecares & CEPR; 3) Electricity. On top of his cooperation with D. Benintendi of CORE on congestion management in the integrated European market and the issue of market power of electricity, Nicolas has been asked by the Fondazione Enrico Mattei (FEEM) to participate in the shared-cost RTD actions of the EC titled “Policy and Regulatory Roadmaps for the Integration of Distributed Generation and the Development of Sustainable Electricity Networks”; 4) Differentiation and imperfect competition. Several articles co-authored with Xavier Wauthy from CORE and revised in 2001 will appear in the Japanese Economic Review and the International Journal of Industrial Organization next year.

Giovanni Cespa is Assistant Professor of Finance at Universitat Pompeu Fabra, Barcelona and has spent 2 months at CSEF. During his stay he has investigated dynamic and competitive aspects of the industry for the sale of information in financial markets. More generally, his research interests concern the areas of Market Microstructure theory and Industrial Organization.

Giacinta Cestone has spent 2 months at CSEF as a visiting researcher. She is a research fellow at the Institut d’Anàlisi Econòmica (CSIC) of Barcelona and a CEPR Research Affiliate. She holds a Ph.D. in Economics from the Université de Toulouse. Her fields of interest are corporate finance, contract theory, industrial organization and banking theory. In previous work, she has analysed the interaction between corporate financing decisions and product market competition, addressing issues like the anti-competitive potential of financial arrangements and the product market effects of internal capital market allocations. She is currently studying contractual arrangements used in venture capital financing. In a work in progress, she is analysing the joint allocation of control and cash flow rights in venture capital contracts. This work makes the novel point that risky financial claims need not necessarily be associated to superior control rights. (Venture Capital Meets Contract Theory: Risky Claims or Formal Control?, 2001).

Elena Del Rey joined CSEF in September 2000 after completing her Ph.D. at CORE, Université Catholique de Louvain (Belgium). She had previously obtained an MA in Economics from Tufts University (MA, USA) in 1996 and a Bachelor’s Degree in Economics from the Autónoma University of Madrid in 1995. Two of the chapters of her dissertation have been published this year in the Journal of Urban Economics and Empirica. She attended the Conference of the International Institute of Public Finance in Linz (Austria) and the CEPR/EPRU Meeting on Dynamic Aspects of Public Expenditure in Copenhagen. At present, she holds an Associate Professor position at the University of Girona (Spain).

Andrew Ellul completed his Ph.D. in Finance at the London School of Economics and Political Science. He has served as a Tutorial Fellow in Finance in the Department of Accounting and Finance and as a Research Associate at the Financial Markets Group. At the LSE, he taught courses in corporate finance and investment analysis at the undergraduate and graduate levels. His research interests focus on empirical market microstructure issues, mainly the provision of liquidity in different trading systems, and corporate finance, with particular attention to initial public offerings. He has won prizes for best papers at Annual Meetings of the Eastern Finance Association (NASDAQ Award for the paper “Inter-market Price and Volatility Impacts Generated by Large Trades: The Case of European Cross-quoted Securities”) and the Financial Management Association (Best Ph.D. Paper Award for the paper “The Dealers Ride Again: Volatility and Order Flow Dynamics in a Hybrid Market”). Andrew spent the Spring term at CSEF working with Marco Pagano on a joint research project on Pension Funds, Trading and Market Liquidity. He is currently Assistant Professor of Finance at Indiana University’s Kelley School of Business.

Charles Benedicte Grant is a graduate student from UCL, London and has spent 4 months at CSEF. During his time here his research investigated whether the tax system helped agents insure themselves against idiosyncratic labour market risks. He has also studied has also has a paper in the working paper series investigating the role of bankruptcy in helping agents smooth consumption. More generally, his research interests concern consumer behaviour. He is currently a research fellow at the EUI, Florence.

 

2000

Peghe Braila, PhD by the Center of Operations Research and Econometrics (CORE) at the Université Catholique de Louvain (UCL), Belgium, has been a visiting researcher at CSEF from October 1999 until August 2000. She is mainly interested in the economics of financial markets, financial macroeconomics and monetary economics. Her work focuses on general equilibrium with incomplete markets and on the effects of asymmetric information for monetary economies. While at CSEF she completed "Asset Market Structure and Growth" (with Alessandro Turrini, CSEF Working Paper n. 45) and "Money and Credit in a Production Economy" (with Francesco Magris, CSEF Working Paper n. 46). Last year she presented a paper at the ASSET Meeting Conference in Tel Aviv and attended the meetings of the Financial Group organised by the CEPR at University Autonoma, Barcelona and at the LSE, London. In the Spring term she taught Economic Analysis at the Faculty of Political Science of the University of Salerno. She is currently an assistant research professor at the Institute of Economics of the University of Copenhagen, Denmark.
Aleix Calveras, PhD by Universitat Autònoma de Barcelona, has been at CSEF from March through September 2000. His main area of research is in banking, particularly banking regulation and the interbank market. On this theme, he has studied for the European Commission the Spanish deposit insurance scheme within a larger project on European deposit insurance mechanisms present throughout Europe. A second line of research is industrial economics, in particular issues of quality provision in the tourism industry.
Charlotte Ostergaard, Ph.D. from Brown University and currently at the Norwegian School of Management, has been at CSEF as a Visiting Fellow in May and June 2000. Her primary research areas are applied banking and consumption analysis. While at CSEF she has worked on the impact of liquidity constraints on banks’ loan supply and is currently working on the integration of regional bank loan markets. Her research also includes work on the permanent income hypothesis and the complete market hypothesis.
Giuliana Palumbo has been a post-doctoral research fellow at CSEF from July 1999 until July 2000. During this period she has worked on two different projects. The first analyses the industrial organization and contractual design aspects of consumer credit supply across the EU. In particular, the paper "Voluntary Lender-Responsibility Agreements in the Consumer Credit Market" (with Elisabetta Iossa, Brunel University) analyzes the optimal link between the sale and the credit contract when the possibility of incomplete performance of the sale contract is taken into account. The paper has been presented in different seminars as well as at the Annual Meeting of the European Economic Association held in Bolzano in September 2000. The second project is on the economics of comparative legal and judicial systems. Some preliminary results are contained in the paper "Rule-Making and Optimal Delegation of Information Acquisition".

Sébastien Pouget has been a TMR fellow at CSEF from October 1999 to January 2001. He is currently working toward the PhD in Financial Economics at Toulouse University. His dissertation deals with bounded rationality in financial markets. He uses experimental methods to study the limits on traders’ cognition and the influence of market institutions on individual rationality. The paper "Microstructure, Incentives and the Discovery of Equilibrium in Experimental Markets" (with Bruno Biais from Toulouse University) was presented at the NBER Market Microstructure Conference last May. The paper "Psychological Traits and Trading Strategies" (with Bruno Biais, Denis Hilton and Karine Mazurier) was presented at a TMR workshop at the London School of Economics in March.

Otto Randl, currently working on his PhD at the University of Vienna, Austria, has been a resident researcher at CSEF in February 2000 and participates in ongoing projects between the University of Vienna and CSEF. He does research in banking and corporate finance, particularly on international cross-listings of equity. He has presented a paper at the doctoral tutorial of the European Finance Association's annual meeting in London. The paper "What Makes Stock Exchanges Succeed? Evidence from Cross-Listing Decisions" (with M. Pagano, A. Röell, and J. Zechner) is forthcoming in the European Economic Review.
 
Alex Stomper, PhD from the University of Vienna, has been a researcher at CSEF from February to April 2000. During this period he has been worked on ongoing projects in the area of the industrial organization of banking, and particularly on the determinants of banks' decisions to specialize in lending to borrowers in certain industries. The question is of great relevance for the credit risk these banks face and, ultimately, for bank regulation. In addition, he has started a new project on the theory of the fee structure of stock exchanges.
 
Stéphane Straub has been visiting CSEF for short periods in 1998, 99 and 2000. He is currently working toward a Ph.D. at Toulouse under the supervision of Jean-Jacques Laffont. His research applies tools from development economics and information and incentive economics to study corruption, the quality of institutions and international transfers of technology. Previously he has been working for ten years in Latin America; among others, he has been an entrepreneur, an advisor to the government of Paraguay and an independent consultant for international NGOs and multilateral institutions like the Inter-American Development Bank.

 

Berthold U. Wigger, PhD from University of Göttingen, Habilitation from University of Mannheim, has been a researcher at CSEF from November 1999 through March 2000. His work is on public sector economics, especially on public pension policies and reform. A major focus of the research has been the normative and positive impact of intergenerational transfers from a macroeconomic point of view. While at CSEF, he has revised the following papers "Pareto-Improving Intergenerational Transfers" (CSEF Working Paper n. 37, forthcoming in Oxford Economic Papers), "Growth and Social Security: The Role of Human Capital" (with A. Kemnitz, CSEF Working Paper no. 33, forthcoming in the European Journal of Political Economy and "Gifts, Bequests, and Growth" (CSEF Working Paper n. 31, forthcoming in the Journal of Macroeconomics), and written "Trade Union Objectives and Economic Growth (with A. Irmen, CSEF Working Paper n. 34).
 

1999

Pierpaolo BENIGNO (Princeton University)
International macroeconomics and monetary economics

Javier GINER (Universidad de la Laguna)
Option pricing models

Heidrun HOPPE (Universtaet Hamburg)
Banking and market microstructures

Gyongyi LORANTH (Université Libre de Bruxelles)
Corporate finance

Sandra MORINI (Universidad de la Laguna)
Interest rates models

Giuliana PALUMBO (Université Libre de Bruxelles)
Industrial organization

Luigi PISTAFERRI (Stanford University)
Income dynamics, consumption and saving

Otto RANDL (University of Wien)
Corporate finance and banking

Stephane STRAUB (GREMAQ, Université des Sciences Sociales de Toulouse)
Financial intermediation and development

Thierry TRESSEL (DELTA, Paris)
Financial intermediaries and growth

Lucy WHITE (Nuffield College, Oxford)
Applied game theory and corporate finance

Josef ZECHNER (University of Wien)
Corporate finance and banking

 

1998

Orazio ATTANASIO (University College London)
Microeconometrics of consumption

Marie Edith BISSEY (University of York)
Experimental economics

Aleix CALVERAS (Universitat Autònoma de Barcelona)
Industrial organization and banking

Giacinta Cestone (Université de Toulouse)
Industrial organization and finance

Michael HALIASSOS (University of Cyprus and IMOP, Athens)
Saving and portfolio choice

Christis HASSAPIS (University of Cyprus)
Saving and portfolio choice

Davide LOMBARDO (Stanford University)
Finance and macroeconomics

Michael MANOVE (Boston University)
Industrial organization and banking

Jorge PADILLA (CEMFI, Madrid)
Industrial organization and banking

Luigi PISTAFERRI (University College London)
Income dynamics and consumption

Stephane STRAUB (Planning Ministry of Paraguay and UNDP)
Financial intermediation and development

Thierry TRESSEL (DELTA, Paris)
Financial intermediaries and growth

Josef ZECHNER (Universität Wien)
Corporate finance and banking

 

 

Search
   with Google    

 
in UniSa.it
in the Web              



 

 

 

 

 

 

 

 

Copyright©2004

All Rigths reserved CSEF

 

Contacts:

 

CSEF

Centre for Studies in Economics and Finance
University of Naples Federico II

Department of Economics

Via Cintia, Monte S. Angelo

I-80126 NAPOLI - ITALY

tel. and fax (+39) 081 675372

csef@unisa.it - info@csef.it