Browsing by Author "Romelli, Davide"
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Banking supervision and external auditors: Theory and empirics
Romelli, Davide (2020)This paper investigates the role of external auditors in banking sector supervision from a theoretical, institutional and empirical perspective. We first present a simple principal-agent framework that highlights the ... -
Central bank reforms and institutions
Romelli, Davide; Peia, Oana (IFO Institute, 2019) -
Central Bankers as Supervisors: Do Crises Matter?
Romelli, Davide (2018) -
Did Bank Lending Stifle Innovation in Europe During the Great Recession?
Romelli, Davide; Peia, Oana (2019)Using the 2008-09 Global financial crisis and the 2012 Euro area sovereign debt crisis as natural experiments, we investigate the effects of contractions in credit supply on R&D spending in a large sample of European firms. ... -
Peaks and Troughs: Economics and Political Economy of Central Bank Independence Cycles
Romelli, Davide (Oxford University Press, 2019)This chapter investigates the endogenous evolution of central bank institutional design over the past four decades. From a theoretical perspective, it employs a stylized political economy model to highlight some key ...