Claudia Curi is Assistant Professor of Finance in the Faculty of Economics and Management at the Free University of Bozen-Bolzano in Italy. She took up this post in 2012, having previously been a research economist at the Central Bank of Luxembourg and a postdoc researcher at the Luxembourg School of Finance. She holds PhD, MSc, and BE degrees in Business and Management Engineering from the University of Rome Tor Vergata, Italy. Her research focuses especially on corporate finance and financial intermediation. She is the author of studies on topics including international banking, business models of banks, and financial crises. Maurizio Murgia is professor of finance at the Faculty of Economics and Management of the Free University of Bolzano-Bozen (FUB) in Italy since October 2000 and the Faculty Research Cluster Leader in Financial Markets and Regulation. He has been the first Dean of the Faculty of Economics and Management of FUB from 2000 to 2005 and designed and developed the multilingual infrastructure in teaching and research that is its unique characteristic. In 2006-2007 he was a Visiting Scholar at Stern School of Business of New York University in USA.  In 2009-2012 he has served for a second mandate as Dean of the Faculty of Economics and Management of FUB. In 2011-2012 he was a member of the Italian National Agency for the Evaluation of Universities and Research Institutes (ANVUR-GEV 13). His previous academic appointments have been at Cass Business School, City University of London, UK, and at the Department of Business of University of Pavia in Italy. His research in corporate finance and financial markets has been published in several international journals including the Journal of Finance, Review of Financial Studies, Journal of Financial Stability, Journal of Banking and Finance and Brooking-Wharton Papers in Financial Services. In 2000 he was awarded the Iddo Sarnat Memorial Award by the Journal of Banking and Finance for his paper on European Bank Mergers. Maurizio Murgia holds a Doctorate in Finance and Capital Markets from a Consortium of Italian Universities (Bergamo, Catholic Milan, LUISS and Modena) jointly developed with Salomon Brothers Center for the Study of Financial Institutions at the Graduate School of Business of New York University, where he has been a Visiting Ph.D. Student.