LUCCHETTA Marcella

Marcella Lucchetta

Curriculum Vitae

June 2018

Nationality: Italian

Professional Addresses:

University of Venice Ca’ Foscari, Department of Economics,

Venice (Italy)

E-mail: lucchett@unive.it


FIELDS OF RESEARCH

JEL classifications: C0, C53, E32, E44, G21, L13

Topics:

Systemic Real and Financial Risks in Macro Models

Complex Systems Applications

Financial Systems and Banks Regulation

Government Policy for Financial Markets


CURRENT POSITION

Associate Professor

University of Venice Ca’ Foscari, Department of Economics

Economics (Settore concorsuale 13/A2, SSD SECS-P/02 Politica Economica)

ASN: 13/A1-13/A2-13/B4: National Professional Qualification as Professor in

Economics and Finance fields

Board of Directors in Centro Banca Marca (Italian Bank in Treviso)


EDUCATION

March 2007 PhD in Economics and the Certification of Doctoral Europaeus University of

Venice Ca’ Foscari, Advanced School of Economics (Italy) in collaboration with Venice

International University, and part of the Quantitative Economics Doctorate (Q.E.D.)

Thesis: “Three Essays on Banking Sector Stability: Theoretical Models and Empirical

Application”

Advisors: A. Brugiavini and L. Pelizzon

Examination Commission: J. Krahnen (J.W. Goethe Universitaet, Germany), L. M.

Gambardella (IDSIA, Switzerland), L. Polos (Durham Business School, UK), B. Klaus (U.

of Maastricht, Netherlands)

March 1999 Bachelor of Science in Financial Economics, Specialization Economics of

Institutions and Financial Markets

University of Venice Ca’ Foscari (Italy)

Thesis: “Multistate Models and Pension Funds”

Advisor: P. Bortot


PREVIOUS POSITIONS

June 2011-May 2014 Assistant Professor, University of Venice Ca’ Foscari, Department of

Economics.

March 2009 –December 2013 Visiting, International Monetary Fund (IMF), Research

Department, Washington DC, U.S.

September 2010 – August 2011 Jean Monnet Research Fellow, European University

Institute, Firenze, Fiesole

March 2008 – October 2009 Research Fellowship in Financial Economics, Project: “A

Structural Model for Corporate Hedging and Investment Decisions”

University of Verona and SAFE Center (Center for Studies in Actuarial and

Financial Economics - dse.univr.it/safe/)

Sept 2007–September 2009 Adjunct Professor in Economics at University of Venice Ca’

Foscari

September 2008 – December 2008

European Central Bank (ECB) Internship, Capital Markets and Financial Structure

Division, Project: “Bank Profitability, Supply of Loans and Monetary Policy”

ECB Frankfurt am Main

Sept 2007 – Feb 2008 Targeted Research Fellowship, Competition in Banking and

Financial Markets, Project: “Competition, Financial Stability and Regulation with Banks

Heterogeneity”

Ente per gli Studi Bancari Monetari e Finanziari Luigi Einaudi (EIEF)

Bank of Italy

Sept 2006 – Aug 2007 Research Fellowship in Financial Economics, Project: “Credit

Derivatives, Portfolio Securitization and Systemic Risk”

University of Verona and SAFE Center (Center for Studies in Actuarial and

Financial Economics - dse.univr.it/safe/)

2003 – 2006 PhD. Fellowship – MIUR, Italian Minister for Education and Research

Apr 2002 – June 2002 Research on an “Empirical Analysis of the Demand for Housing in

Milan” with D. Martellato

University of Venice Ca’ Foscari

Apr 1999 - Sept 2002 Financial Management and Banks Relations

Enoimpianti S.p.A., Treviso, Italy


VISITING

September 2017 Visiting Researcher at the Bank for International Settlement (BIS) Basel.

Research project on Optimal Bank Capital Regulation with Dr. Leonardo Gambacorta

June 2017 Visiting Researcher at University of Geneva (Switzerland). Research project on

Bad Banks with Bruno Maria Parigi and Jean-Charles Rochet

October 2016 – November 2016 Visiting of the Mathematical Institute, University of

Oxford, Institute of New Economic Thinking (Oxford, UK)

Invitation by J. Doyne Farmer, Director of the Complexity Economics program

March 2009 –December 2013 Occasional Visiting, International Monetary Fund (IMF),

Research Department, Washington DC, U.S.

October 2013 CESifo Munich Center for Economic Research

August 2009 EIEF Einaudi Institute for Economics and Finance, Rome, Italy

March 2008 Bank of Italy

ABI-EIEF Research Project: “Competition and Risk-taking in European Banking”

Project Coordinator: F. Allen (Wharton School University of Pennsylvania)

Feb 2005 – May 2005 University of Bangor, Wales (UK), Economics and Finance

Department, Research on “Banking and Systemic Risk” with Y. Altunbas

Sept 2003 – July 2004 University of Vienna and IHS, Institute for Advance Studies and

Scientific Research, Vienna (Austria)

Courses taught: Economics and Finance Post Graduate Program


PUBBLICATIONS

Peer-Reviewed Journals and Book Chapters

1. Lucchetta M. “Banking Competition and Welfare”, Annals of Finance, February

2017, Volume 13, Issue 1, pp 31–53. doi: 10.1007/s10436-016-0288-2

2. Lucchetta M. “Risk Monitoring Systems in Real-time Based on Dynamic Factor

Models” 2016, in Monica Billio, Loriana Pelizzon, Roberto Savona, Systemic Risk

Tomography 1st Edition: Signals, Measurement and Transmission Channels,

Amsterdam, ISTE Press - Elsevier, vol. 1, pp. 240-290 (ISBN

9781785480850) (Book chapter)

3. De Nicolò G. and Lucchetta M. “Forecasting Tail Risk” 2016, Journal of Applied

Econometrics, vol. 17. DOI: 10.1002/jae.2509 (2017 the printed version)

4. Lucchetta M. “Does the bank risk concentration freeze the interbank system?” 2015,

North American Journal of Economics and Finance (Elsevier), n. 33, 149-166

5. Lucchetta M. Review of the book The Status Quo Crisis: Global Financial

Governance after the 2008 Meltdown. By Eric Hellener. New York, Oxford

University Press, 2014, for the Eastern Economic Journal, 2015, Print ISSN

0094-5056, Online ISSN 1939-4632, DOI: 10.1057/eej.2015.26

6. Lucchetta M. and Paradiso A. “Sluggish US employment recovery after the Great

Recession: cyclical or structural factors?" 2014, Economic Letters, n. 123, 109-112

7. De Nicolo' G., Gamba, A. and Lucchetta M. “Microprudential Regulation in a

Dynamic Model of Banking” 2014, 27(7), 2097-2138, The Review of Financial

Studies, ISSN: 0893-9454

8. Lucchetta M., Paradiso A., Kumar S. “Investigating the US Consumer Credit

Determinants Using Linear and Nonlinear Cointegration Techniques” 2014,

Economic Modelling (Elsevier), Volume 42, October 2014, Pages 20–28

9. Donadelli M. and Lucchetta M. “Emerging Stock Premia: Some Evidence from

Industrial Stock Market Data”, Asian Economic and Financial Review, 2013, 3(4):

398-422.

10. D’Avino C. and Lucchetta M. “Opacity of Banks and Inefficient Bank

Management: An Analysis”, November 2012, Banks and Banking Systems

"Business Perspectives" Publishing, Vol. 7, Issue 4

11. Lorenzon I, Lucchetta M. and Pelizzon L. “Bank credit to medium-sized enterprises

in Italy: the trends before and during the crisis”, Bancaria Editrice February, n. 2,

2011.

12. De Nicolò G. and Lucchetta M. “Systemic Risks and the Macroeconomy” IMF

Working Paper WP/10/29 (February 2010) and in NBER Volume Quantifying

Systemic Risk, ed. by Joseph Haubrich and Andrew Lo (Cambridge, Massachusetts:

National Bureau of Economic Research)

13. Lucchetta M. “What Do Data Say About Monetary Policy, Bank Liquidity and

Bank Risk Taking?” July 2007 Economic Notes, Blackwell Publishing, 36 (2), pp.

189-203

Peer-Reviewed Working Paper Series

14. Lucchetta M., Moretto M, Parigi B.M. “Systematic Risk, Bank Moral Hazard, and

Bailouts” CESifo Working Paper Series No. 6878, January 2018

15. Lucchetta M., Parigi B.M., Rochet J-C. “Bank Restructuring without Government

Interventio” W.P. March 2018. (presented FIRS 2018 Barcellona)

16. Gale, D., Gamba, A., Lucchetta M. “Dynamic Bank Capital Regulation in

Equilibrium”, WBS Finance Group Research Paper, October 1, 2017

(https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3053978)

17. De Nicolò G. and Lucchetta M. “Systemic Real and Financial Risks: Measurement,

Forecasting and Stress Tests” August 2010, IMF Working Paper WP/12/58

(February 2012)

18. De Nicolò G. and Lucchetta M. “Bank Competition and Financial Stability: A

General Equilibrium Exposition” IMF Working Paper WP/11/295 (December

2011)

19. D’Avino C. and Lucchetta M. “Opacity of Banks and Runs with Solvency” July

2010 MPRA Munich Personal REPEC Archive, paper number 24166

20. De Nicolò G. and Lucchetta M. “Financial Intermediation, Competition, and Risk:

A General Equilibrium Exposition” IMF Working paper WP/09/105 (May 2009).

21. Lucchetta M. “Bank Market Structure, Systemic Risk and Interbank Market

Breakdowns” European University Institute EUI RSCAS Working Paper Series

n 2010/76, 2010

Other papers under-review

22. Lucchetta, M, Moretto, M. and Bruno M. Parigi “Systematic Risk, Bank Moral

Hazard, and Bailouts” November 10, 2017. WP SSRN

23. Gale, D., Gamba A., and Lucchetta M., “Dynamic Bank Capital Regulation in

Equilibrium” WBS Finance Group Research Paper, October 1, 2017

(https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3053978). Paper submitted,

under review.

24. Cooray A., Lucchetta M. and Paradiso, A. “A knowledge economy approach in

empirical growth models for the Nordic countries” 2013, WO School of Economics

University of Wollongong, Wollongong (Australia). Paper submitted, under review.

Papers in draft

25. Costola M., Frattarolo L. Lucchetta M. and Paradiso A. “Do we need a stochastic

trend in cay estimation? Yes” under revision.


WORKSHOPS AND CONFERENCES

June 1-3, 2018, The Financial Intermediation Research Society (FIRS) Conference,

Barcelona.

April 26-28, 2018 Fixed Income and Financial Institutions (FIFI) University of South

Carolina (US)

October 25, 2017, European Commission, Brussels “Launch of the Community of

Practice in Financial Research” The Community of Practice in Financial Research

(CoPFiR) will facilitate a place for collaboration between scientists and European policy

makers on topics such as financial stability and capital markets.

October 18, 2017, Seminal Series Department of Economics, University Ca’ Foscary.

Paper presented “Systematic Risk, Bank Moral Hazard, and Bailouts” with Moretto, M.

and Parigi, B.

September 2017, CREDIT Conference – Venice, Italy

September 2016, CREDIT Conference – Venice, Italy

January 2015, Conference Macroprudential Regulation - Amsterdam - European Banking

Center, hosted in the Central Bank of Netherlands

September 2014, CREDIT Conference – Venice, Italy

October 21-22, 2013 Financial Stability Conference – Tilburg University – European

Banking Center, Tilburg

September, 2013 CREDIT Conference –Venice, Italy

February 27, 2013 Joint Lunchtime Seminar at the ECB (European Central Bank)

September 29-30, 2011 CREDIT 2011 Stability and Risk Control in Banking, Insurance

and Financial Markets, Venice

June 29- 30, 2011 IFABS 2011 International Finance and Banking Society Conference at

University of Rome III “Financial Intermediation, Competition and Risk”

June 27-28, 2011 Financial Stability Conference – Tilburg University – European Banking

Center, Tilburg

June 9-11, 2011 The Role of Finance in Stabilizing the Past, Present, and Future Real

Economy, DIW, Boston College and Deutsche BundesBank, Berlin, Germany

December 2010 Stability in the Global Financial System: Ban, Rule or border? Forth

Unicredit Conference on Banking and Finance, Milan, Italy

December 2010 Financial Stability Seminars, Deutsche Bundesbank, Frankfurt Am Main

December 2010 Basel Committee Research Task Force on transmission channels,

Washington D.C.

November 2010 Social Dialogue and Recession in the Banking Sector, Eurofound and ABI,

Rome

July 2010 NBER's Summer Institute 2010, Capital Markets and the Economy Workshop,

Boston

June 2010 The Financial Intermediation Research Society (FIRS) Conference on

Banking, Corporate Finance and Intermediation, Firenze, Fiesole (Italy)

June 3-4, 2010 Financial Stability Conference – Tilburg University – European Banking

Center, Tilburg

May 2010 Workshop “Systemic Risk and the Financial Regulation – Causes and Lessons

from the Financial Crisis”, BIS, Basel, Switzerland

January 2010 Bank Competition Project - ABI Workshop organized by Franklin Allen,

Rome

November 2009 NBER Systemic Risk Conference, Boston

October 2009 Riunione Scientifica Annuale della Societa’ Italiana degli Economisti LUISS

and Bank of Italy, Rome

September 2009 Bank Competition Project - ABI Workshop, Rome

May 2009 The Financial Intermediation Research Society (FIRS) Conference on

Banking, Corporate Finance and Intermediation, Prague, the Czech Republic

Jan 2008 IX Workshop on Quantitative Finance, University of Rome Tor Vergata

Jan 2008 ASSA Meeting 2008, AEA and AFA, New Orleans, LA

Jun 2007 New Directions in Term Structure Modeling, VII International Conference

SAFE Center and Cattolica Assicurazioni

Key Speakers: S. Schaefer (London Business School), M. Chernov

(London Business School), D. Duffie (Graduate School of Business - Stanford University),

O. Vasicek (Moodys - KMV) and G. Barone-Adesi (University of Lugano)

Jan 2007 VIII Workshop on Quantitative Finance, University of Venice Ca’ Foscari

Sept 2006 EDEN Doctoral Seminar and Tutorial on Credit Risk Modeling, University of

Venice Ca’ Foscari

Key Speakers: S. Schaefer (London Business School) and I. Strebulaev

(Graduate School of Business - Stanford University)

Sept 2006 CREDIT 2006 Risks in Small Business Lending, University of Venice Ca’

Foscari and ABI (Italian Banking Association)

Jun 2006 Asset Returns and Firm Policies, VI International Conference, SAFE Center and

Cattolica Assicurazioni

Key Speakers: S. Schaefer (London Business School), W. Torous (Anderson School of

management - UCLA), A. J. Triantis (University of Maryland),

I. Strebulaev (Graduate School of Business - Stanford University) and A. Gamba

(University of Verona)

May 2004 Q.E.D. PhD Jamboree University of Copenhagen, Denmark


SUMMER SCHOOLS

July 2003 – Aug 2003 The Cointegrated VAR Model: Econometric Methodology and

Macroeconomic Applications

University of Copenhagen, Denmark

Teachers: K. Juselius, S. Johansen, Anders Rahbek and H. B. Nielsen

Individual project Successfully Completed, Title of the paper presented: “The behavior of

the dollar/euro exchange rate”


RESEARCH PROJECTS

European Commission H2020-EE-2016-CSA-PPI, “EeMAP Energy efficient Mortgages

Action Plan”, 2017-2019; Participant.

European Commission FP7-SSH-2012-2, “SYRTO Systemic risk tomography: signals,

measurement, transmission channels, and policy interventions”, 2013-2016;

Participant.

MIUR Project “Multivariate statistical models for risk assessment”, 2013-2016; Participant.


TEACHING

Economics and Econometrics for Finance, Lecturer, Postgraduate Course of Economics

Monetary Economics and Finance, Lecturer, Undergraduate Course of Economics

Economics I, Lecturer, Undergraduate Course of Political Economy (Macroeconomics)

PRIZES AND HONORS

Best Teacher Award (as adjunct professor)

University of Venice Ca’ Foscari

Public Finance

(1◦ premio per la qualita’ della didattica come docente a contratto, Facolta’ di Economia

2006/2007)

Selected Referee Research Projects for the Luxemburg National Research Fund (FNR),

CORE from 2010 to 2016


COMPUTER SKILLS

- Operating Systems: Mac OS X, Windows, Linux;

- Econometric Packages: Stata, EViews, Rats, EasyReg International

- Mathematical and Computational Packages: Matlab, Mathematica

- Platforms: Bloomberg, Datastream, BankScope, online databases

- Typesetting Programs: LATEX (TexShop and WinEdit graphical interfaces), Windows

Office, Open Office


LANGUAGES SKILLS

- Italian: mother tongue

- English: fluent

- German: intermediate level

Marcella Lucchetta

Dichiarazione resa ai sensi del D.P.R. 445/2000 e successive modifiche ed integrazioni, che

quanto in esso dichiarato corrisponde a verità e l’autorizzazione al trattamento dei dati

personali per le finalità legate alla presente procedura di selezione resa ai sensi del D.lgs.

196/2003.

Marcella Lucchetta 


Ultima modifica: 17/06/2018
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