Working Papers:



How do flexible microfinance contracts improve repayment rates and business outcomes? Experimental Evidence from India

with Parul Agarwal (IFMR-LEAD)

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), Emilia Garcia-Appendini (University of Zurich) and Francesca Modena (Bank of Italy)

Rural Banks Can Reduce Poverty: Evidence from 870 Indian Villages


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



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

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

Creative against the Pandemic, with Elisa Giannone (Penn State University)