Javier Suárez - OeNB Visiting Professor 2025
Javier Suarez is a Professor of Finance at CEMFI in Madrid. He is also a Research Fellow at CEPR and a Research Associate at ECGI. He holds his PhD in Economics from Universidad Carlos III in Madrid. His research and teaching focus primarily on corporate finance and banking, with a particular emphasis on bank regulation, the relationship between macroeconomics and banking, and macroprudential policies.
From 2013 to 2014, he served as an academic advisor to the Macro-prudential Research Network (MaRs) of the European System of Central Banks. Since March 2015, he has been a member of the Advisory Scientific Committee of the European Systemic Risk Board (ESRB).
OeNB Guest Lecture (2025S): Economics of Banking
Registration Information in the course directory (u:find)
Modern financial intermediation theory helps to understand the role of banks in the economy, with particular emphasis on their credit intermediation and maturity and liquidity transformation functions. It also helps understand the fragility associated with banks’ funding structures, the rationale for institutions such as deposit insurance, the historical prevalence of bailouts in response to banking crises, and the incentive problems and externalities that justify the prudential regulation of banks. Against this general background, this course presents a collection of models and methodologies useful for the economic analysis of banks’ micro- and macro-prudential regulations. Navigating mainly through research contributions of the instructor, the course will analyze regulations addressing the financial stability implications of banks’ exposure to solvency risk and liquidity risk. Special attention will be paid to issues such as the excessive risk-taking incentives associated with banks’ high leverage and the analysis of capital requirements in partial and general equilibrium models.
The topics covered in the course will be motivated using real-world facts, institutional details, regulations, and policy debates, but its core contents will be analytical, relying on methods of applied economic theory and models included in published or unpublished research-oriented papers from the reading list. Some of the general equilibrium analysis will rely on methods typically used in quantitative macroeconomics.
The course requires the knowledge of the tools of economic analysis at master level, including familiarity with game theory, information economics, and dynamic programing. Prior knowledge of financial economics or financial intermediation theory would provide a useful background but are not required.
Save the Dates
- Public Lecture
- Title: tba
- Date: Tuesday, March 4
- Time: 11:30 - 1:00 pm
- Location: Lecture Hall 6, OMP-1
- Panel Discussion
- Title: tba
- Date: Tuesday, April 8
- Time: tba
- Location: Austrian National Bank, Kassensaal
