GABRIELLA CHIESA


Ph.D. Economics, London School of Economics
Professore Ordinario di Economia Politica
Università di Bologna
Facoltà di Economia
Piazza Scaravilli 2, 40126 Bologna

Tel. (+)39-051-2098485
Fax (+)39-051-2098493
E-Mail: gabriella.chiesa@unibo.it


Primary Areas of Research:

Microeconomics of Financial Intermediation, Agency Theory and Industrial Organization, Public Debt


Work in Progress and Publications:

Teaching:

RISULTATI

 




Work in Progress

“Trading with a Common Agent under Full Information: The Minimum Rent Equilibrium”, coauthored with Vincenzo Denicolò.

“Optimal Risk Transfer, Monitored Finance and Real Investment Activity”

“Allocation, Pricing of Risks and the Effects of  Financial Mergers”

“Patents, Prizes and Optimal Innovation Policy”, coauthored with Vincenzo Denicolò.

Privatization and Financial Market Development: Theoretical Issues”, with G. Nicodano.



PUBLISHED PAPERS

“Trading with a Common Agent under Complete Information: A Characterization of Nash Equilibria”, coauthored with Vincenzo Denicolò,  Journal of Economic Theory 144, pp. 296–311, 2009.

“Optimal Credit Risk Transfer, Monitored Finance, and Banks”, Journal of Financial Intermediation, 17, pp.464-477, 2008.

Information Sharing and Optimum Financing Mode”,  Manchester School 73:1, pp. 50-74, 2005.

"Proprietary Information, Financial Intermediation, and Research Incentives” (with S. Bhattacharya), in Bhattacharya, S., A. Boot, A. Thakor (Eds), Credit, Intermediation, and the Macroeconomy - Readings and Perspectives in Modern Financial Theory, Oxford University Press, 2004.
Economia dei Mercati Finanziari (with E.Agliardi), Carocci, Roma, 2003.

Incentive-Based Lending Capacity, Competition and Regulation in Banking”, Journal of Financial Intermediation, 10 , pp.28-53, 2001.

"Portfolio Choice and Competition in the Banking System", in M.Baldassarri, M.Bagella and L.Paganetto (Eds), Financial Markets, Imperfect Information and Risk Management, Palgrave, New York, 2001.

Information Production, Banking Industry Structure and Credit Allocation”, Research in Economics, 52, pp. 409-430, 1998.

"Interbank Competition with Endogenous Capacity Constraints”, in Banking Competition and Risk Management, Ente Einaudi, Roma 1997.

"Portfolio Choice and Competition in the Banking System", in Financial Markets: Imperfect Information and Risk Management,  V Financial Conference Proceedings, Rivista di Politica Economica, November-December 1996.

"Proprietary Information, Financial Intermediation and Research Incentives” (with Sudipto Bhattacharya), Journal of Financial Intermediation, 4,  pp.328-357, 1995.

"Debt and Warrants: Agency Problems and Mechanism Design”, Journal of Financial Intermediation, 2, 1992.

"Lines of Credit, Investment and Incentives”, in Proceedings of 5th Symposium on Money, Banking, Finance (W.R. Heilmann Ed.), VVW, Karlsruhe, 1991.

"Government Deficit, Real Exchange Rate and International Transmission”, Bulletin of Economic Research , 40:3, 1988.

"Disavanzo Pubblico, Cambio Reale e Trasmissione Internazionale”, Politica economica, vol.II, n.1, 1986.

"La Politica Ottimale del Debito Pubblico e del Debito Estero: Le Implicazioni sulla Risposta Ottimale alla Riduzione del Prezzo del Petrolio”, Giornale degli Economisti ed Annali di Economia, Settembre-Ottobre, 1985.

"Oil Shock, Saving, Investment and Trade Balance: the Role of Short Run Rigidity versus Long Run Flexibility. An Intertemporal Approach”, Economia Internazionale, vol.38, 1985.

"Disturbi d'Offerta, Natura della Disoccupazione ed Interventi di Riassorbimento in un'Economia Aperta”, Giornale degli Economisti e Annali di Economia, 42, 1983.

Aggiustamento e Disequilibrio in Economia Aperta”, Il Mulino, Bologna, 1983.

"Monetary and Fiscal Policy in a Small Open Economy”, in Janssen J.M.L., L.F.Pau and A.J.Straszak(eds.), Dynamic Modelling and Control of National Economies, Pergamon Press, Oxford, 1981.

"Adjustment of Real and Financial Markets in an Open Economy: a Disequilibrium Model of the Italian Economy”, Metroeconomica, 31, 1979.



WORKING PAPERS

“Optimal Credit Risk Transfer, Monitored Finance, and Banks”, Einaudi Institute for Economic Research (EIEF) WP 08/11.

"Information Sharing and Optimum Financing Mode", DSE Working Paper No 488, 2003

"Privatization and Financial Market Development: Theoretical Issues", con G. Nicodano, FEEM Working Paper No. 1.2003

"Information Production, Banking Industry Structure and Credit Allocation" Dipartimento di Scienze Economiche Università di Bologna working paper N. 325, 1998.

"Incentive-Based Lending Capacity, Competition and Regulation in Banking", IGIER working paper No.92 .

"Debt, Agency Costs and Renegotiation", Università di Brescia D.P. 9305.

"Financial Contracting with Ex-Post Private Information", Università di Brescia D.P. 9306.

"Callable Debt Contracts: Renegotiation and Contract Design with Ex-post Private Information", F.M.G. London School of Economics D.P. No.47.




ECONOMIA DEI MERCATI FINANZIARI

Programma
Economia dei Mercati Finanziari (with E.Agliardi), Carocci, Roma, 2003.

ECONOMIA DELL'INFORMAZIONE E MERCATI FINANZIARI

Programma
Teoria dell'Agenzia, le Applicazioni al Mercato del Credito

L'Economia del Going Public:

Regolarità Empiriche e Modelli Interpretativi
Going Public e Sviluppo del Mercato Finanziario

Bolle, Crisi Finanziarie e Cicli di Credito

Cicli bolle

TEORIA DEI MERCATI CREDITIZI ED ASSICURATIVI

Programma
Teoria dell'Agenzia, le Applicazioni al Mercato del Credito