|| This seminar is open ONLY to EUI members ||

As part of the 'Finance in the Tuscan Hills' seminar series, Alessandro Scopelliti, Assistant Professor of Finance at KU Leuven, is set to enlighten our exclusive audience of EUI members.

Scopelliti will be presenting his paper ‘Bank Credit and Market-based Finance for Corporations: The Effects of Minibond Issuances for Unlisted Firms’, which he co-authored with Steven Ongena, Sara Pinoli and Paola Rossi.

In their research, Scopelliti and his co-authors examine the impact of diversifying funding sources on firm financing conditions through a study of a regulatory reform allowing unlisted firms to issue minibonds. Analysing data from the Italian Credit Register, we observe that issuer firms, after their first minibond issuance, secure lower interest rates on bank loans of the same maturity compared to non-issuers. This leads to a reduction in used bank credit, an increase in overall external funds, and an expansion of total and fixed assets.

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Alessandro Scopelliti is an Assistant Professor of Finance at KU Leuven, in the Faculty of Economics and Business, and he is currently a Visiting Fellow at the Robert Schuman Centre. 

Previously, he worked as an Economist at the European Central Bank and as a Research Fellow at the University of Zurich. At the ECB, he contributed to the design of macroprudential policy and the analysis of financial stability issues, as well as to the design and implementation of monetary policy. At the University of Zurich, he developed research in the context of an ERC Advanced Grant on "Bank Lending"

He holds a PhD in Economics from the University of Warwick, as well as an MSc in Economics from Pompeu Fabra University and an MRes in Economic Analysis and Policy from the Paris School of Economics.

In his experience, he has combined academic research, university teaching, policy advice and design. He has developed research in or in collaboration with central banks (ECB, Bank of England and Banca d’Italia), macroprudential bodies (ESRB) and international institutions (IMF). His research interests are in financial intermediation, financial regulation and stability, macroprudential and monetary policies, capital markets, and sustainable finance. 

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The FBF seminar series ‘Finance in the Tuscan Hills’ focuses on financial sector issues and aims to bring together researchers from across the EUI community, who share an interest in these subjects.