Research

Publications

Bank Competition and Information Production

with Filippo De Marco · Journal of Financial and Quantitative Analysis, 59(7): 3479–3499 (2024)

We show that competition adversely affects information production in the banking industry. The positive abnormal return associated with the announcement of a bank loan is reduced in US states that deregulate interstate branching, and the effect is present only for informationally opaque firms and for banks that rely more on soft information. Charge-off rates on small business loans are higher in deregulated states, suggesting that competition decreases loan quality because it reduces banks' incentives to invest in information.

The Redistributive Effects of Bank Capital Regulation

with Elena Carletti, Robert Marquez · Journal of Financial Economics, 136(3): 743–759 (2020)

In a general equilibrium model of bank capital, we show that depositors are likely to bear most of the cost of stricter regulatory capital standards, whereas shareholders may benefit from regulation.

Other publications

Coin selection by Random Draw according to the Boltzmann distribution

J. L. Bönsel, M. Maurer, A. Tundis, M. Winstel · arXiv:2602.17490 (2026)

Intraday Patterns and Timing of TARGET2 Interbank Payments

with Johannes Lindner, Marco Massarenti · Journal of Financial Market Infrastructures, 1(2): 3–24 (2012)

Working papers

Shopped, Not Auctioned: How Learning from Rival Offers Fuels the Credit Cycle

Earlier work in physics

Proton Beam Writing of Submicrometer Structures at LIPSION

F. Menzel, D. Spemann, S. Petriconi, J. Lenzner, T. Butz · Nuclear Instruments and Methods in Physics Research B, 260(1): 419–425 (2007)

Proton Beam Writing of Microstructures at the Ion Nanoprobe LIPSION

F. Menzel, D. Spemann, S. Petriconi, J. Lenzner, T. Butz · Nuclear Instruments and Methods in Physics Research B, 250(1–2): 66–70 (2006)

Proton Irradiation Effects and Magnetic Order in Carbon Structures

P. Esquinazi, D. Spemann, K. Schindler, R. Höhne, M. Ziese, A. Setzer, K. Han, S. Petriconi, M. Diaconu, H. Schmidt · Thin Solid Films, 505(1–2): 85–89 (2005)

Statistical and Dynamic Models of Charge Balance Functions

S. Cheng, S. Petriconi, S. Pratt et al. · Physical Review C, 69: 054906 (2004)

Alternative Size and Lifetime Measurements for High-Energy Heavy-Ion Collisions

S. Pratt, S. Petriconi · Physical Review C, 68: 054901 (2003)