José Luis Peydró

Universitat Pompeu Fabra (UPF)

Social & Behavioural Sciences

Peydró is ICREA Research Professor at UPF, Professor of Economcis and Finance at UPF, Barcelona GSE Research Professor, CREI Research Associate, CEPR Research Fellow, member of the advisory scientific committee at the European Systemic Risk Board, research advisor of the Bank of Spain, Bundesbank Research Professor, and consultant in several central banks and international organizations. He has been a visiting scholar at Banque de France, Becker Friedman Institute at Chicago University, MIT Sloan, Bank of Spain, IMF, De Nederlandsche Bank and the World Bank. At present, he is recipient of an ERC Consolidator grant, a senior Houblon-Norman Fellowship from the Bank of England and two MINECO grants. He serves as an associate editor for the Review of Finance, Financial Management and the Spanish Review of Financial Economics. He has presented his research in the main universities and central banks in the world.

Research interests

Specializing in Finance and Macroeconomics, mainly on banking, systemic risk, financial crises, central bank policies (monetary and prudential policy), financial globalization, contagion, macroeconomics and credit markets, capital and liquidity. He is also working on the effects of financial distress on households’ welfare. He has recently coauthorized a book on Systemic Risk, Crises and Macroprudential Policy at MIT Press.

Selected publications

– Abbasi P, Iyer R, Peydró JL & Tous F 2016, ‘Securities Trading by Banks and Credit Supply: Micro-Evidence from the Crisis’, Journal of Financial Economics, vol. 121, no. 3, pp. 569-594.

– Ippolito F, Peydró JL, Polo A & Sette E 2016, ‘Double Bank Runs and Liquidity Risk Management‘, Journal of Financial Economics, vol. 122, no. 1, pp. 135-154.

– Maddaloni A & Peydró JL 2016, ‘The Credit Channel of Monetary Policy in the Euro Area’ in Badinger H & Nitsch V (eds.), Routledge Handbook of the Economics of European Integration, Oxford.

– Jiménez G, Ongena S, Peydró JL & Saurina J 2016, ‘Macroprudential Policy, Countercyclical Bank Capital Buffers and Credit Supply: Evidence from the Spanish Dynamic Provisioning Experiments’, Journal of Political Economy, 152, 305-318.

– Baskaya Y, di Giovanni J, Kalemli-Ozcan S, Peydró JL & Ulu MF 2016, ‘Capital Flows, Credit Cycles and Macroprudential Policy’, Journal of International Economics, vol. 86, pp 63-68.

Selected research activities

European Research Council Consolidator Grant (2015-2020).

Member of the Advisory Scientific Committee, European Systemic Risk Board (ESRB).

European Central Bank, consultant on negative monetary rates.

Senior Houblon-Norman Fellowship at the Bank of England.

Review of Finance and Financial Management, Associate Editor.

Keynote lectures at OFCE-Sciences Po’s Empirical Monetary Economics and European Central Bank-Banco de Portugal’s Transmission and Effectiveness of Macroprudential Policies.

Seminar presentations at Stanford, LSE, Berkeley, European Commission and high level conference BoE-HKMA-IMF (Hong Kong) co-presenting with the IMF, BIS, ECB and BoE Chief Economists.

Organizer of European Central Bank’s conference “Monetary Policy Pass-Through and Credit Markets” and BGSE Workshop on Financial Intermediation, and UPF Departmental Seminar Series.

2016 SERIEs Award, for best articles published from 2012 to 2015.

PhD thesis supervision: Dmitry Khametshin “Essays in empirical banking” and Paul Eduardo Soto “Essays on the Bank Lending Channel”.