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Elena Carletti is Professor of Economics at the European University Institute, where she holds a joint chair in the Economics Department and the Robert Schuman Centre for Advanced Studies. She is also Research Fellow at CEPR, Extramural fellow at TILEC, Fellow at the Center for Financial Studies and at the Wharton Financial Institutions Center.

Her interests are in the areas of financial intermediation, financial crises, financial regulation, corporate governance, financial development, industrial organization and competition policy. She has published numerous articles in leading economic journals, including Review of Financial Studies, Journal of Financial Economics, Journal of Monetary Economics, Journal of Accounting and Economics, and Journal of Financial Intermediation.

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New Theories to Underpin Financial Reform

Paper Conference paper | | Apr 2010

As Carmen Reinhart and Kenneth Rogoff remind us in the title of their book, This Time is Different: Eight Centuries of Financial Folly, financial crises are nothing new (Reinhart and Rogoff (2009)). However, they often come as a surprise to many people because in most countries they appear only periodically.