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Xavier Freixas awarded 2018 Rei Jaume I Prize in Economics

Xavier Freixas

The prestigious award is given annually by the Government of Valencia and the Valencian Foundation for Advanced Studies to recognize significant contributions by top Spanish scientists.

Barcelona GSE Research Professor Xavier Freixas (UPF and Barcelona GSE) has been selected to receive the 2018 Rei Jaume I Prize in Economics for his work in financial economics. Among his contributions to the field, the jury highlighted his book Microeconomics of Banking (with Jean-Charles Rochet), a reference work on the topic, and his influence in the context of the financial crisis.

The winners were announced on June 5 at the Palau de la Generalitat in Valencia, at a ceremony attend by the President of Valencia, Ximo Puig.

Established in 1989, the Jaume I awards are funded by the Government of Valencia and the Valencian Foundation for Advanced Studies (FVEA). The award is given annually to six researchers for their contributions in the areas of General Research, Medical Research, Environmental Protection, New Technologies, Urban Studies, and Economics. Recipients are chosen by a distinguished committee of academics and researchers, which included 18 Nobel Laureates this year.

Professor Freixas is the fifth Barcelona GSE Research Professor to receive the Jaume I Economics award. The four previous recipients in the Barcelona GSE community are: Albert Marcet (ICREA-IAE and Barcelona GSE) in 2016, Salvador Barberà (UAB and Barcelona GSE) in 2008, Joan-María Esteban (IAE-CSIC and Barcelona GSE) in 2007, and Jordi Galí (CREI, UPF and Barcelona GSE) in 2004.

Prize recipients receive 100,000€ and a medal from the Valencian Government and FVEA. The award ceremony will take place next fall, with the participation of a member of the Spanish royal family.

About Xavier Freixas

Xavier Freixas is Professor of Economics at Universitat Pompeu Fabra and Research Professor of the Barcelona Graduate School of Economics. He is Research Fellow of CEPR and Director of the Financial Intermediation Research Society (FIRS).

He has been president of the European Finance Association and chairman of the Risk Based Regulation program of the Global Association of Risk Professionals (GARP). He has also been Deutsche Bank Professor of European Financial Integration at Oxford University; Houblon Norman Senior Fellow of the Bank of England, Bertil Danielsson invited scholar at the Stockholm School of Economics, Joint Executive Director Fundación de Estudios de Economía Aplicada (FEDEA) and Professor at Montpellier and Toulouse Universities. As an expert in the area of banking he has been a consultant for the European Investment Bank, the New York Fed, the European Central Bank, the World Bank, the IMF, the Interamerican Development Bank, the MEFF and the European Investment Bank.

His main research contributions concern the analysis of banking in an asymmetric information framework, and more specifically the issues of relationship banking, systemic risk, contagion and the lender of last resort. He is well known for his MIT press book, jointly with Jean-Charles Rochet, Microeconomics of Banking.

Professor Freixas was the first Director of the Barcelona GSE Master's Program in Finance. He now serves on the program's steering committee. He also directs the Barcelona GSE Banking Summer School. He is a faculty member of the Graduate Program in Economics, Finance and Management (GPEFM) organized by UPF and Barcelona GSE, and is the current chair of the UPF Department of Economics and Business.

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