Working Papers:



How do flexible microfinance contracts improve repayment rates and business outcomes? Experimental Evidence from Indiawith Parul Agarwal (IFMR-LEAD)

Revise and Resubmit, Journal of Finance

IGC Blog Post  IGC Project Webpage  AEA RCT Registry


Cultural Proximity and the Formation of Lending Relationships

with Antonio Accetturo (Bank of Italy), Michele Cascarano (Bank of Italy) and Emilia Garcia-Appendini (University of Zurich) 

Rural Banks Can Reduce Poverty: Experimental Evidence from 870 Indian Villages

with Erica Field (Duke University) and Rohini Pande (Yale University)

Creative against the Pandemic: Evidence from Rural India, with Elisa Giannone (Penn State University) and Karmini Sharma (University of Warwick)

Can Foreign Banks act as Shock Absorbers? Evidence from the Great Recession


Does your neighbour know you better? The supportive role of local banks in the financial crisis

with Carlotta Rossi (Bank of Italy)

Journal of Banking and Finance (2019), n. 206, pp. 514-526.


Repayment Flexibility in Microfinance Contracts: Theory and Experimental Evidence on Take-Up and Selection

Journal of Economic Behavior & Organization (2017), n. 142, pp. 425-450.


Financial Inclusion in a Developed Country: an Experiment about Formal Savings in Italy

with Alessandra Cassar (USF) and Timothée Demont (University of Marseille)

Journal of Behavioral Economics for Policy (2017), n. 1, pp. 39-49.

AEA RCT Registry


Adverse Selection and Moral Hazard in Joint-Liability Loan Contracts: Evidence from an Artefactual Field Experiment

with Alessandra Cassar (USF), Arturo Rodriguez Trejo (USF) and Bruce Wydick (USF)

Journal of Economics and Management (2013), n. 9, pp. 153-184.

University of Chicago Special Issue on Field Experiments in Economics and Management, Guest Editors: John List, Micheal Price, Anya Samek


Signalling through Joint-Liability: an Adverse Selection Model

Rivista Italiana degli Economisti (2013), n. 18, pp. 299-318.

Special Issue on Social Cohesion and Financial Exclusion, Guest Editors: Leonardo Becchetti, Arnold W. Boot, Robert Lensink, Alberto Zazzaro

Selected Work-in-Progress

Hold the Phone? Social and Economic Implications of Improving Women's Agency and Control over Smartphones, with Erica Field (Duke University), Rohini Pande (Yale University), Natalia Rigol (Harvard University), Simone Schaner (University of Southern California) and Charity Troyer Moore (Yale University).

How do firms grow? Understanding knowledge sharing in small firms, with Elisa Giannone (Penn State University)

Climate Change, Preferences for Environmental Sustainability, and Banks’ Lending, with Antonio Accetturo (Bank of Italy), Michele Cascarano (Bank of Italy) and Emilia Garcia-Appendini (University of Zurich)

Behavioral responses to credit repayment: the effect of messages, with Juan Camilo Cárdenas Campo (Universidad de Los Andes) and Nicolás de Roux (Universidad de Los Andes)