Nicola Limodio

Published Papers

1. * "Subnational Income, Growth and the Covid19 Pandemic” (with A. M. Choudhary, I. Dal Barco, I.A. Haqqani, F. Lenzi), the World Bank Economic Review, Volume 39, Issue 2, May 2025, Pages 362–376.

Draft, IGC Working Paper and Data & Code.

2. “High-Speed Internet, Financial Technology and Banking” (with A. D'Andrea), Management Science, 2024, 70(2): 773-798.

Draft, Appendix, PEDL Research Summary, PEDL Research Note, BAFFI CAREFIN Working Paper, PEDL Working Paper and Data & Code. Media presence on VoxDev and Sarfatti25.

3. “Deposit Insurance and Depositor Behaviour: Evidence from Colombia” (with N. de Roux), The Review of Financial Studies, Volume 36, Issue 7, July 2023, Pages 2721–2755.

Draft & Documento CEDE Working Paper and Data & Code. Media presence on the All About Finance World Bank blog. 

4. "Liquidity Requirements, Bank Deposits and Financial Development” (with F. Strobbe), Economica, Volume 90, Issue 357, January 2023, Pages 240-270.

Draft & Appendix, BAFFI CAREFIN working paper. 

5. “Terrorism Financing, Recruitment and Attacks", Econometrica, Volume 90, Number 4 (July, 2022), Pages 1711–1742.

Draft, Appendix, PEDL Working Paper, PEDL Research Note and Data & Code. Media presence on Knowledge Bocconi, VoxDev, ProMarket, Slate Political Gabfest, TalkingAboutTerrorism, News Livedoor and BIPR video. 

6. “Liquidity Risk and Long-Term Finance: Evidence from a Natural Experiment”  (with M. A. Choudhary), the Review of Economic Studies, Volume 89, Issue 3, May 2022, Pages 1278–1313.

Draft, Appendix & IGIER Working Paper. Media presence: Knowledge Bocconi.

7. “Bureaucrats Allocation in the Public Sector: Evidence from the World Bank”, The Economic Journal, Volume 131, Issue 639, October 2021, Pages 3012–3040.

Draft, IGIER Working Paper, Data & Code. 

 8. “Anti-Trust Policies and Profitability in Non-Traded Sectors" (with T. Besley and N. Fontana), American Economic Review: Insights, Vol. 3, No. 2, 2021, Pages 251-65.

Draft, Data & Code. Media presence on Knowledge Bocconi. 

Working Papers

* “Developing the Mortgage Market: Technology, Property Rights, and Banking” (with A. D'Andrea, Hitayezu P., R. Kpodar, A. Presbitero). Updated draft soon.

Draft, IMF working paper, Bank of Italy working paper and presentation at IFC Digitalization and Development Conference. Media presence on VoxDev.

* “Mobile Money, Interoperability and Financial Inclusion” (with M. K. Brunnermeier, L. Spadavecchia). Revise and Resubmit (2nd round), the Review of Economic Studies.

Draft, NBER Working Paper. Media presence on Findev Gateway Blog and VoxDev Podcast.

* “The Financial Transmission of a Climate Shock: El Nino and US Banks” (with F. De Marco). Revise & Resubmit, the Review of Finance.

Draft, Working Paper and CEPR Working Paper. SSM Training video.

Work In Progress

* “Household Portfolio and Deposit Insurance: Implications for the Supply of Safe Assets” (with P. Ghosh, N. Vats)

* “Banking on Conflict: Managers and Organizational Designs” (with L. Picariello, T. Schwantje) 

* “Currency risk, market power and remittance fees” (with L. Flori).

* “Microdata for Research in Macroeconomics and Finance”.

Other Writings

* “Foreign Direct Investment and Development” (edited by S. Garetto, Pavcnik N., Ramondo N., co-editor). VoxDev Literature Review, 2025.

* “Tackling climate change will require reforming the World Bank and IMF – here are two options”. The Conversation, November 25, 2022.

* “The El Niño southern oscillation and the salinity of land and water” (with F. De Marco, I. Dal Barco). PLOS One, Vol. 20, No. 2, 2025.

Draft, Working Paper and Data & Code. Media presence on the Bocconi website and Corriere della Sera.

Permanent Working Papers

* “The Impact of Chinese FDI in Africa: Evidence from Ethiopia” (with R. Crescenzi). Submitted.

Draft, LSE working paper. Media presence on fDIIntelligence, LSE GILD Blog Post and The Economist.  Presentation at STEG Annual Conference. Transforming Growth podcast.