Research

REFEREED JOURNALS (by topic and chronological order)

Banking and Corporate Finance

• 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.)

• Non-pricing drivers of underwriters' market shares in corporate bond markets

International Review of Economics & Finance, 76 (November 2021), 671-693 (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.)

Digital Banking, FinTech and Payments

• 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, S. and Suárez, N.)

• Digital innovation and de‐branching in the banking industry: Customer perception and satisfaction

Global Policy Journal, 15 (S1), 8-20 (2024)

(with Carbó-Valverde, S., Rodríguez-Fernández, F. & Sánchez-Béjar J.J.)

• Mobility restrictions and payment choices: The case of the Covid-19 pandemic

Journal of Behavioral and Experimental Finance, 40 (December 2023), 100850

(with Carbó-Valverde, S., Rodríguez-Fernández, F. & Sánchez-Béjar J.J.)

• 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.)

• Entrepreneurial, institutional and financial strategies for FinTech profitability

Financial Innovation (2022), 8:15

(with Carbó-Valverde, S. and Rodríguez-Fernández, F.)

• A machine learning approach to the digitalization of bank customers: Evidence from random and causal forests

PLOS One, 15 (10) (2020)

(with Carbó-Valverde, S. and Rodríguez-Fernández, F.)

• The Effect of Banks' IT Investments on the Digitalization of their Customers

Global Policy Journal, 11 (1), 9-17 (2020)

(with Carbó-Valverde, S. and Rodríguez-Fernández, F.)

Banking and Sovereign Risk

• Disentangling  the sources of sovereign rating adjustments: An examination of changes in rating policies following the GFC

Research in International Business and Finance, 59 (January 2022), 101535

(with Salvador, C.)

• 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.)

• Potential spillovers from the banking sector to sovereign credit ratings

Applied Economics Letters, 28 (12), 1046-1052 (2021)

(with Salvador, C.)

Interest Rates and Banks' Performance

• 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.)

WORKING PAPERS

Banking supervisory architecture and sovereign risk (with Salvador, C. and Suárez, N.)

The impact of bank supervision on banks' boards (with Chiarella, C. and Rossi, L.)

Cryptocurrency ownership and biases in perceived financial literacy (with Carbó, S., and Rodríguez-Fernández, F.)

BOOKS AND BOOK CHAPTERS

[BOOK CHAPTER] The Digitalization of the European Banking Industry: Some Evidence

In New Challenges for the Banking Industry: Searching the Balance between Corporate Governance, Sustainability and Innovation. (2023) Editorial: Springer Palgrave Macmillan (with Carbó-Valverde S. Gonnella, C. and Rodríguez-Fernández, F.)

[BOOK CHAPTER] Crisis Interventions and Sovereign Risk Ratings

In The impact of the Covid-19 pandemic on the European banking: resilience, sustainability and recovery. (2023) Editorial: Routledge (with Salvador, C. and Suárez, N.)

[BOOK CHAPTER] FinTech and Banking: An Evolving Relationship

In Disruptive Technology in Banking and Finance. An International Perspective on FinTech. Palgrave Macmillan. Studies in Financial Services Technology. (2021) Editorial: Springer Palgrave Macmillan (with Carbó-Valverde S. and Rodríguez-Fernández, F.)

[BOOK] Bank funding, Financial Instruments and Decision-Making in the Banking Industry

Palgrave Macmillan. Studies in Banking and Financial Institutions. (2016). Editorial: Springer Palgrave Macmillan (with Carbó-Valverde S. and Rodríguez-Fernández, F.)

[BOOK] Liquidity risk, Efficiency and New Bank Business Models

Palgrave Macmillan. Studies in Banking and Financial Institutions. (2016) Editorial: Springer Palgrave Macmillan (with Carbó-Valverde S. and Rodríguez-Fernández, F.)

[BOOK CHAPTER] The reputable underwriting matching in corporate bond issuances: Evidence for non-financial bonds

In Bank funding, Financial instruments and Decision-Making in the Banking. Palgrave Macmillan. Studies in Banking and Financial Institutions. (2016)

Editorial: Springer Palgrave Macmillan (with Carbó-Valverde S. and Rodríguez-Fernández, F.)

      OTHER PUBLICATIONS - POLICY REPORTS

La irrupción de las stablecoins: evolución, riesgos y marco regulatorio

Información Comercial Española, ICE: Revista de Economía, 926, pp. 19-39 (2022) (with Villafáñez Sagardoy, D.)

Digitalización financiera y COVID-19: evidencia empírica

Papeles de Economía Española, 170, pp. 143-156 (2021) (with Carbó-Valverde S. and Rodríguez-Fernández, F.)

Taxonomy of the Spanish FinTech ecosystem and drivers of FinTech performance 

Financial Stability Review (Bank of Spain). Spring 2020. (with Carbó-Valverde S. and Rodríguez-Fernández, F.)

La nueva tecnología bancaria: aplicaciones, adopción e impacto en banca

Papeles de Economía Española, 162, pp. 126-175 (2019)

Capacidad de endeudamiento y generación de crédito: la importancia de los bookrunners  

Papeles de Economía Española, 146 (1), (2015)

Adaptación de las exportaciones españolas de Aceite de oliva a la demanda Mundial

Boletín Económico de Información Comercial Española, 3027 (2012) (with Moral-Pajares E. y Lanzas Molina, J.R.)