Principal Investigator: José-Luis Peydró Professor Peydró

  • ICREA Research Professor at Universitat Pompeu Fabra (UPF); Research Professor at Barcelona School of Economics; CREI Research Associate.

  • Professor of Finance, and Deputy Head of the Finance Department, Imperial College London.

  • Bundesbank Research Professor.

  • CEMFI Research Fellow, Madrid.

  • CEPR Research Fellow, London.

  • Member of the Group of Economic Advisers of the European Security Markets Authority (ESMA).

  • Advisor at Bank of Spain, DG Financial Stability, Macroprudential and Resolution.

  • Consultant at the European Central Bank, European Investment Bank, European Banking Authority, Bank of England and the Inter-American Development Bank. Previous related positions: Member in the European Systemic Risk Board, Advisory Scientific Committee; European Central Bank’s Duisenberg Fellow; senior Houblon-Norman Fellowship at the Bank of England. Consultant at the Federal Reserve Board, IMF, European Commission, EBRD, World Bank (among other institutions).

  • Institut Català de Finances (ICF), independent director at the General Board of Directors, at the Executive Committee, President of the Strategy and Sustainability Committee, member at the Risk and Audit Committee.

  • Member of the Academia Europaea.

  • Secretary for the Bernacer Prize for the best academic under 40 in Macro and Finance in Europe.

Previous appointments

  • Visiting researcher at Banque de France, Becker Friedman Institute (U. Chicago), MIT Sloan, IMF, Central Bank of Chile, De Nederlandsche Bank and the World Bank.

  • Research economist at the European Central Bank.

Main grants

Apart from a European Research Council Consolidator grant (2015–21), Peydró is recipient of three grants from the Spanish Ministry of Science and Innovation (2013-2022) and a Fundación BBVA grant (2018–2020). He also received a Ramón y Cajal fellowship from MICINN (declined), and grants from the National Bank of Belgium (2012), CAREFIN Bocconi University (2011) and the Czech National Bank (2009).

Research

Professor Peydró’s research focuses on the factors affecting the stability of the financial system including credit markets, capital and liquidity, financial contagion, FinTech and innovation in banking and financial services, and the globalisation of finance.

His research on systemic risk, macroprudential policy and the causes and impact of financial crises has made a significant contribution to the development of a new regulatory paradigm for the financial sector following the 2008 financial crisis.

His research has been published in the top five journals in economics: Econometrica (lead article), American Economic Review and Journal of Political Economy, and in the top three journals in finance (Review of Financial Studies, Journal of Finance, and Journal of Financial Economics). His book with Xavier Freixas and Luc Laeven, Systemic Risk, Crises, and Macroprudential Regulation (MIT Press 2015), made important steps to clarify the meaning of systemic risk in the financial system and macroprudential policy, identified lending booms as the greatest threat to future financial stability and suggested policy solutions.

Research impact

Peydró has been a keynote speaker at several international conferences and presents regularly at the main congresses and workshops in Economics and Finance such as NBER, CEPR, AEA, AFA, WFA or EFA and gives research seminars in top institutions, universities and central banks. His presentations also include six ECB Executive Board seminars.

Education

He holds a PhD in Finance from INSEAD (2005), a Master in Economics from CEMFI and a MSc in Finance from INSEAD. In 1997 he won the National Award of Bachelor Studies in Economics (Premio Nacional) endowed by the Spanish Government for the highest GPA in Spain in Economics.

Main professional activities and service

  • Co-organizer of the annual workshops on Financial Intermediation and Risk and Financial Shocks, Channels and Macro Outcomes held within the Barcelona School of Economics Summer Forum; he has been in charge of the departmental seminar at UPF and is also a regular scientific programme committee member for numerous conferences.

  • Peydró teaches in several postgraduate programmes at UPF, Imperial College London, BSE and in central banks, as well as supervising PhD students. He is also the director of the Barcelona Banking Summer School organized by the Barcelona School of Economics.

  • Referee for several peer-reviewed journals and research councils/agencies, associate editor for the Review of Finance, inter alia.

 

​​​​​Reseach profiles:  RePEc · Google Scholar · Research Gate · Web of Science · ORCID 

Media: LinkedIn · Twitter

Research team

Andrea Caggese, Associate professor at UPF’s Dept. of Economics and Business

Mircea Epure, Associate professor at UPF’s Dept. of Economics and Business 

José García-Montalvo, Professor at UPF’s Dept. of Economics and Business 

Dmitry Kuvshinov, Assistant professor at UPF’s Dept. of Economics and Business 

Björn Richter, Assistant professor at UPF’s Dept. of Economics and Business 

Andrea Fabiani, Research fellow at the Bank of Italy 

Nimisha Gupta, Research assistant

Mia Renee Herløv Jørgensen, Research economist at the Central Bank of Denmark

William Monroe, Research assistant 

Mariona Novoa, Team assistant

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