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Financial markets and intermediaries are crucial in the economy, aiding in savings, funding, and insurance. Asset pricing studies asset price formation and risk-return, while corporate finance examines firm finances, growth, and frictions. Banking focuses on banks and intermediaries, essential in financial systems. The 2007-2009 Global Financial Crisis unified these branches, spurring research on financial frictions' spillovers, general equilibrium effects, and the need for financial stability policies, including micro- and macro-prudential regulation.
Researchers in financial economics at CEMFI cover all these fields, with special emphasis on the application of econometrics in asset pricing, banking and their regulation, and financial stability in macroeconomic models. Members of the group are affiliated with other research centers and networks, such as the Centre for Economic Policy Research (CEPR), have been recognized with several prizes and distinctions and they hold multiple grants from Spanish funding agencies and private institutions.We invite you to learn more about the Banking and Finance group at CEMFI below.
Researchers
Dante Amengual
Associate Professor with Tenure
Rafael Repullo
Professor
Javier Suarez
Professor
Siema Hashemi
PhD student
Vedant Agarwal
PhD student
Paolo De Rosa
PhD student
Martín Farias
PhD student
Jan Schaefer
PhD student
Seminars series
SEP
Banking and Finance Seminar
Rajkamal Iyer (Imperial College London) presents "TBA"
OCT
Banking and Finance Seminar
Nicolas Serrano-Velarde (Bocconi University) presents "TBANicolas Andre Benigno Serrano Velarde <"
OCT
Banking and Finance Seminar
Rustam Jamilov (University of Oxford) presents "Two Centuries of Systemic Bank Runs"
NOV
Banking and Finance Seminar
Rainier Haselman (Goethe-Universität Frankfurt) presents "TBA"
NOV
Banking and Finance Seminar
Marco Giometti (UC3M) presents "TBA"
Recent publications of this research line
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Dante Amengual, Xinyue Bei and Enrique Sentana,
Highly irregular serial correlation tests,
Econometrics and Statistics, forthcoming. -
Dante Amengual, Gabrielle Fiorentini and Enrique Sentana,
Multivariate hermite polynomials and information matrix tests,
Econometrics and Statistics, forthcoming. -
Dante Amengual, Xinyue Bei, Marine Carrasco and Enrique Sentana,
Score-type tests for normal mixture models,
Journal of Econometrics, forthcoming. -
Dante Amengual, Gabrielle Fiorentini and Enrique Sentana,
Specification tests for non-Gaussian structural vector autoregresssions,
Journal of Econometrics, forthcoming.
Research grants
Financial Intermediation and Aggregate Performance (Ministerio de Ciencia e Innovación, 2023-2026)
Researchers: Rafael Repullo (Co-PI), Javier Suárez (Co-PI).
Inferences in models with hidden variables in macroeconomics and finance (HiddenVar) (Ministerio de Ciencia e Innovación, 2022-2025)
Researchers: Enrique Sentana (Co-PI), Dante Amengual (Co-PI).