Pedro J. Cuadros-Solas, PhD

SHORT BIO: 

Associate (tenured) professor at CUNEF Universidad. I am a financial economist working on banking, FinTech, financial stability, and financial regulation. My research studies how technological change, regulation, and financial intermediaries shape bank behavior, credit markets, and financial stability. My work has been published or is forthcoming in the Journal of Financial and Quantitative Analysis, Journal of Corporate Finance, Journal of Financial Stability, Journal of International Financial Markets, Institutions & Money, International Review of Financial Analysis, and European Journal of Finance. I am particularly interested in digital banking transformation, bank supervision and non-bank financial intermediation.

Research highlights:

• Forthcoming in JFQA: “The Effects of Open Banking on FinTech Firms’ Dynamics and Funding Structure.”

• Published in Journal of Corporate Finance on underwriting and debt markets.

• Three articles in Journal of Financial Stability on sovereign risk, bailouts, and bank stability.

• Research agenda at the intersection of banking, FinTech, supervision, financial stability, and regulation.

• Policy-oriented work and dissemination through Funcas, Bank of Spain, EBA Policy Research Workshop, Expansión, Cinco Días/El País, etc.

Selected publications (Full list of publications)

• The Effects of Open Banking on FinTech Firms’ Dynamics and Funding Structure. Forthcoming at Journal of Financial and Quantitative Analysis (with Alonso-Robisco, A., Carbó, J.M., and Quintanero, J.) 

• Bank Supervisory Architecture and Sovereign Risk. Journal of Financial Stability, 76 (February 2025), 101365 (with Salvador, C. and Suárez, N.)

• Digital disruptors at the gate. Does FinTech lending affect bank market power and stability? Journal of International Financial Markets, Institutions & Money, 92 (April 2024), 101964 (with Cubillas, E. Salvador, C. and Suárez, N.)

• Does alternative digital lending affect bank performance? Cross-country and bank-level evidence. International Review of Financial Analysis, 90 (November 2023), 102873 (with Cubillas, E. and Salvador, S.)

• Am I riskier if I rescue my banks? Beyond the effects of bailouts  Journal of Financial Stability, 56 (October 2021), 100935 (with Salvador, C. and Suárez, N.)

• The impact of lending relationships on the choice and structure of bond underwriting syndicates Journal of International Financial Markets, Institutions & Money, 74 (September 2021), 101403 (with Carbó-Valverde, S. and Rodríguez-Fernández, F.)

• The effects of negative interest rates: a literature review and additional evidence on the performance of the European banking sector. European Journal of Finance, 27 (18), 1908-1938 (2021) (with Carbó-Valverde, S. and Rodríguez-Fernández, F.)

• Do bank bailouts have an impact on the underwriting business? Journal of Financial Stability, 49 (August 2020) (2020) (with Carbó-Valverde, S. and Rodríguez-Fernández, F.)

• Do banks and industrial companies have equal access to reputable underwriters in debt markets? Journal of Corporate Finance, 45 (1), 176-202 (2017) (with Carbó-Valverde, S. and Rodríguez-Fernández, F.)