Banking and Finance at CEMFI

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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

Jan Schaefer
PhD student

Vedant Agarwal
PhD student

Paolo De Rosa
PhD student

Manuel Ruiz
PhD student

Andrea Sy
Postdoctoral Researcher

Jesús Villota
PhD student
Seminars series
FEB
Banking and Finance Seminar
Giorgio Ottonello (NOVA SBE) presents "What Drives the Volatility of Professional Stock Return Forecasts? Causal Evidence from Macro Shocks"
FEB
Banking and Finance Seminar
Anatoli Segura (Banca d'Italia) presents "Common DCommon Deposit Insurance, Cross-Border Banks and Welfare"
MAR
Banking and Finance Seminar
Stefan Gissler (Federal Reserve Board Washington DC) presents "TBA"
MAR
Banking and Finance Seminar
Paolo Sodini (Stockholm School of Economics) presents "More than Money: The Role of Preferences on Wealth Mobility"
APR
Banking and Finance Seminar
Juan Antolín-Díaz (London Business School) 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).