My research focuses on Corporate Finance and the Economics of Banking, with a particular interest in how financial risks propagate through the system and affect households and firms. I am broadly interested in topics at the intersection of corporate finance and banking, especially the determinants and the effects of firms’ capital structure and the evolving role of non-bank financial intermediaries.
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.
Policy papers
Análisis del mercado de crédito privado en España
Este artículo presenta una panorámica general de la evolución del mercado de crédito privado en España.