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 José-Luis Peydró 

José-Luis Peydró

Barcelona GSE Research Professor
Barcelona GSE Affiliated Professor
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Finance, International Trade, Finance, and Development, Macroeconomic Policy and Financial Markets; GPEFM


José-Luis Peydró is ICREA Research Professor at UPF, Research Associate of CREI, and Barcelona GSE Research Professor. He is Research Fellow of CEPR and IESE Public-Private Sector Research Center. Professor Peydró is also Associate Editor of the Review of Finance (journal of the European Finance Association) and the Spanish Review of Financial Economics (journal of the Spanish Finance Association).

He is a member of the ESRB's Advisory Scientific Committee and has been an advisor to the Bank of Spain's Financial Stability Department since 2011 and previously worked at the European Central Bank.

In 2014, he received a Consolidator Grant from the European Research Council (ERC).

 Research interests:

Systemic Risk
Financial Crises
Macroeconomics and Credit
Monetary Policy
International Finance
Macroprudential Supervision and Regulation

 Selected publications:


Jiménez, G., Ongena, S., Peydró, J.-L., & Saurina, J. (2014). Hazardous Times for Monetary Policy: What Do Twenty-Three Million Bank Loans Say About the Effects of Monetary Policy on Credit Risk-Taking? Econometrica, 82(2), 463–505.

"Bank Risk-Taking, Securitization, Supervision, and Low Interest Rates: Evidence from the Euro Area and U.S. Lending Standards" (with Angela Maddaloni), Review of Financial Studies, 24, 2121-65, 2011.

“Interbank Contagion at Work: Evidence from a Natural Experiment” (with Rajkamal Iyer), Review of Financial Studies, 24, 1337-77, 2011.

"What Lies Beneath the Euro's Effect on Financial Integration? Currency Risk, Legal Harmonization, or Trade" (with Sebnem Kalemli-Ozcan and Elias Papaioannou), Journal of International Economics, 81, 75–88, 2010.


Systemic Risk, Crises and Macroprudential Policy, MIT Press, co-authored with Xavier Freixas and Luc Laeven (June 2015).

 Working papers:

Interbank Liquidity Crunch and the Firm Credit Crunch: Evidence from the 2007-2009 Crisis (April 2013)
by Rajkamal Iyer, Samuel Da-Rocha-Lopes, José-Luis Peydró, Antoinette Schoar

Macroprudential Policy, Countercyclical Bank Capital Buffers and Credit Supply: Evidence from the Spanish Dynamic Provisioning Experiments (May 2012)
by Gabriel Jiménez, Steven Ongena, José-Luis Peydró, Jesús Saurina

Combating Corruption in International Business Transactions (October 2003)
by Juan-José Ganuza, Marco Celentani, José-Luis Peydró