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.