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Welcome to my webpage. I am a senior economist (Team Lead) in the Financial Intermediation Division of the Economics and Research Department of Banco de Portugal and an adjunct full professor at Católica Lisbon School of Business and Economics. During 2023-2024, I am visiting part-time the ECB, at DGR-FIR. I am a CEPR Research Fellow in Banking and Corporate Finance and in Monetary Economics and Fluctuations.
My research interests are empirical banking, corporate finance, and the transmission of monetary policy.
Call for papers:
Coming up soon:
FEP, Goethe University, 2024 Annual ECB Banking Supervision Research Conference, MoFiR 2024, Finance in the Tuscan Hills, PEJ 2024, De Nederlandsche Bank, EFA 2024, CEBRA, Bank of England, ECB Annual Research Conference, Bocconi University, Banque de France.
What's new?
Check out the new ESCB Research Network ChaMP (Challenges for Monetary Policy in a Changing World).
You can see the videos and papers of the Inaugural Conference here.
And a short video where I briefly explain what ChaMP is doing:
Recent publications:
"Supporting small firms in recessions and recoveries" (with Cláudia Custódio and Clara Raposo), Journal of Financial Economics, 2023, 147(3), 658-688.
"On-site inspecting zombie lending" (with Geraldo Cerqueiro, Hans Degryse and Steven Ongena), Management Science, 2023, 69(5), 2547-3155.
"The importance of deposit insurance credibility" (with João A.C. Santos), Journal of Banking and Finance, 2023, 154, 106916.
"Surviving the perfect storm: the role of the lender of last resort" (with Nuno Alves and Carla Soares), Journal of Financial Intermediation, 2021, 47, 100918.
"Sorry, we're closed: loan conditions when due to branch closure firms transfer to another bank" (with Gil Nogueira and Steven Ongena), Review of Finance, 2021, 25 (4), 1211–1259.
Recent policy contributions:
"The financing of Portuguese SME" (in Portuguese only) (with Cláudia Custódio and Clara Raposo)
"Heterogeneity in loan pricing: the role of bank capital" (with Luísa Farinha and Leonor Queiró)
"A renewed two-pillar framework for assessing the risks to price stability" (with João Valle e Azevedo and Carlos Martins)
Contact info:
Banco de Portugal | Economics and Research Department | Rua Francisco Ribeiro, 2 | 1150-165 Lisbon | Portugal
Tel.: +351 213130865 | dbonfim[at]bportugal.pt
Disclaimer
The analyses, opinions and findings reported on this website represent the views of the author, and are not necessarily those of the Banco de Portugal, the ECB, or the Eurosystem.