I am part of the Financial Stability and Macroprudential Policy Department of the Financial Stability, Regulation and Resolution DG.
Previously, I was a Junior Economist at the OECD’s Directorate for Science, Technology and Innovation. I received my PhD in Economics from CEMFI, where my research focused on corporate finance and economics of banking.
If you would like to talk to me, email me at martin.farias@bde.es or
Experience
- Senior Economist at Bank of Spain. June 2025 - present
I am part of the Financial Stability and Macroprudential Policy Department of the Financial Stability, Regulation and Resolution DG. - Junior Economist at OECD. November 2024 - May 2025
I was part of the Productivity, Innovation, and Entrepreneurship (PIE) Division of the Directorate for Science, Technology and Innovation (STI). - Research Assistant.
- Working under the supervision of Guillermo Caruana. January 2022 - July 2024
- Working under the supervision of Guillermo Caruana. July 2019 - September 2019
- Working under the supervision of Guillermo Caruana. January 2022 - July 2024
- Teaching Assistant.
- Corporate Finance, at CEMFI: Teaching assistance for Javier Suarez. Spring 2021, 2022
- Microeconomics, at CEMFI: Teaching assistance for Guillermo Caruana. Fall 2021
- Programa Universitario de Gestión Bancor – FCE UNC, at UNC. Mar 2018 - Jun 2018
- Introduction to Economics, at Universidad Nacional de Córdoba. Feb 2018 - Mar 2018
- Statistics II, at Universidad Nacional de Córdoba. Oct 2017 - Aug 2018
- Junior Researcher at the Professional Council of Economics of Córdoba. May 2016 - June 2017
Working papers
An empirical analysis of the heterogeneous effects of financial frictions on the allocation of cash flow by Spanish firms.

Decoding Distress: The Behavior of Firms Preceding Bankruptcy
An empirical exploration of the dynamics of firms in the years leading up to bankruptcy.

A Model of Interacting Banks and Money Market Funds
A model to rationalize the coexistence of Banks and Money Market funds and to study its policy implications.
Education
PhD in Economics and Government ∙ CEMFI ∙ 2024
Master in Economics and Finance ∙ CEMFI ∙ 2020
Bachelor in Economics ∙ Universidad Nacional de Córdoba ∙ 2017