Nicola Limodio

My name is Nicola Limodio, I am an Assistant Professor of Finance at Bocconi University. I am affiliated with CEPR & JPAL.

My research focuses on financial economics, development economics and political economy. My CV is here and my papers below.


WEFIDEV: I am a co-founder of the WEFIDEV Workshop on Finance and Development. Find more information here.

In September 2023, I was awarded an ERC Starting Grant from the European Research Council for my project "Financial Institutions and Development - FINDEV" for the years 2023 - 2028.

Published Papers

1.High-Speed Internet, Financial Technology and Banking” (with A. D'Andrea), Forthcoming, Management Science.

Draft, Appendix, PEDL Research Summary, PEDL Research Note, BAFFI CAREFIN Working Paper & PEDL Working Paper. Finalist in the ECB Young Economists’ Competition 2020. 

2.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. 

3. "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

4. 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. 

5. 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.

6. 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. 

 7. 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

* “Mobile Money, Interoperability and Financial Inclusion” (with M. K. Brunnermeier, L. Spadavecchia). Submitted.

Draft, Draft w/out Appendix, NBER Working Paper.

* “Climate, Amenities and Banking: El Nino in the US” (with F. De Marco). Submitted.

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

* "Subnational Income, Convergence and the Covid19 Pandemic” (with A. M. Choudhary, I.A. Haqqani, F. Lenzi), Resubmitted, World Bank Economic Review.

Draft and IGC Working Paper

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

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

Work In Progress

* “Mobile Internet, Information Frictions and Banking” (with A. D'Andrea, Hitayezu P., R. Kpodar, A. Presbitero)

* “The Organizational Economics of Banking” (with L. Picariello)

Other Writings

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