Carlo Altavilla

• [2025 JFE] 一块钱的担保，换走了多少自己的风险？——疫情贷款担保里的「信贷替代」Loan Guarantees, Bank Lending and Credit Risk ReallocationMay 2026
• [2025 JFE] 央行放再多水，也要看「水」流到了谁的池子里Central Bank Liquidity Reallocation and Bank Lending: Evidence from the Tiering SystemJun 2026