Nicola Limodio

My name is Nicola Limodio, I am an Associate Professor of Finance at Bocconi University and my research focuses on financial and development economics. 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. You can find a synopsis and a video at these links!

Published Papers

1.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.

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). Revise & Resubmit, the Review of Economic Studies.

Draft, Draft w/out Appendix, NBER Working Paper. Media presence on Findev Gateway Blog and VoxDev Podcast.

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

Draft, IMF working paper and presentation at IFC Digitalization and Development Conference.

* “The Financial Transmission of a Climate Shock: El Nino and US Banks” (with F. De Marco). Submitted.

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

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

Draft, IGC Working Paper and Data & Code.

* The El Niño southern oscillation and the salinity of land and water (with F. De Marco, I. Dal Barco). Submitted.

Draft and Working Paper.

Work In Progress

* “Deposit Insurance and Portfolio Allocation” (with P. Ghosh, N. Vats)

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

Other Writings

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

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