{"id":80,"date":"2011-06-27T09:33:46","date_gmt":"2011-06-27T09:33:46","guid":{"rendered":"https:\/\/blog.iese.edu\/xvives\/?page_id=80"},"modified":"2026-09-08T10:07:05","modified_gmt":"2026-09-08T09:07:05","slug":"biography","status":"publish","type":"page","link":"https:\/\/blog.iese.edu\/xvives\/","title":{"rendered":"Highlights"},"content":{"rendered":"

Recent working papers and forthcoming publications:<\/strong><\/p>\n

“Climate Risk, Soft Information, and Credit Supply”<\/a> (with L. \u00c1lvarez, S. Mayordomo and C. Vergara-Alert), R&R at Review of Finance<\/em>.<\/p>\n

“(In)efficiency in Information Acquisition and Aggregation through Prices”<\/a> (with A. Pavan and S. Sundaresan), R&R at Review of Economic Studies.<\/em><\/p>\n

“Revisiting the Anticompetitive Effects of Common Ownership”<\/a> (with J. Azar). Recipient of the Intesa Sanpaolo award for the best paper in the 2023 ECGI Finance WP series, R&R at the Journal of the European Economic Association<\/em>.<\/p>\n

“Ownership Diversification and Product Market Pricing Incentives<\/a>” (with A. Banal-Esta\u00f1ol and J. Seldeslachts).<\/p>\n

 <\/p>\n

Lectures and Talks:<\/strong><\/p>\n

FinTech Competition in the Banking Industry<\/a>, Wharton Initiative on Financial Policy and Regulation, October 2025.<\/p>\n

Keynote lecture: “Lending competition: banks and fintechs\u201d, Oligo Workshop, Cambridge Judge Business School, 2025.<\/p>\n

Keynote lecture: \u201cIT and Lender Competition\u201d<\/a>, Annual Conference of the Banco Central do Brasil, Brasilia, 2024.<\/p>\n

Panel discussion: AI in finance<\/a>, G7 AI seminar, Florence, 2024<\/p>\n

Panel discussion: Technological innovation and systemic risk<\/a>, Sixth ESRB Annual Conference, 2022.<\/p>\n

Trust in financial institutions<\/a>, Future Trends Forum, 2020.<\/p>\n

“Common Ownership and Competition Policy”<\/a>, The Cambridge-INET Institute 2nd Symposium on Competition Policy 2020.<\/p>\n

“Digital Disruption in Banking”<\/a>, 46th annual meeting EFA 2019.<\/p>\n

Banking<\/a><\/p>\n

\u201cCompetition and Regulation in the Financial Sector\u201d, <\/a>G7 & Banque de France Conference 2019.<\/p>\n

Oligopoly and Ownership Structure<\/a>, Walras-Bowley Lecture 2018.<\/p>\n

Presidential Address \u201cCommon Ownership, Market Power and Innovation\u201d,<\/a> EARIE 2018.<\/p>\n

\u201cOn the Possibility of Informationally Efficient Markets<\/a>\u201c, Joseph Schumpeter Lecture 2014, European Economic Association.<\/p>\n

 <\/p>\n

Selected recent publications<\/a>:<\/strong><\/p>\n

“Market Opacity and Fragility: Why liquidity evaporates when it is most needed”<\/a> & Online appendix<\/a> (with G. Cespa), American Economic Review,<\/em> 2026, 116, 7, 2454\u20132503. VoxEU column<\/a><\/span>.<\/p>\n

“Digital Money<\/a>“, 2026 (with S. Cecchetti, D. Niepelt and H. Rey), CEPR, pp. 172.\u00a0VoxEU column<\/span><\/a>.<\/p>\n

“Plataformas, BigTech<\/em> y competencia digital<\/a>“, Anuario de los Mercados y la Competencia 2025 – CNMC<\/em>, 2025, 11-32.<\/p>\n

“FinTech Competition in Lending”<\/a>, 2025, White Paper Wharton Initiative on Financial Policy & Regulation.<\/p>\n

“Productivitat i Pol\u00edtica industrial”<\/a>, Revista Econ\u00f2mica de Catalunya<\/em>, 2025, 92, 48-52.<\/p>\n

“Artificial Intelligence in Finance<\/a>“, 2025 (with T. Foucault, L. Gambacorta and W. Jiang), CEPR, pp. 197. VoxEU column<\/a><\/span>.<\/p>\n

“Fintech Entry, Lending Market Competition and Welfare<\/a>” (with Z. Ye). Journal of Financial Economics<\/em>, 2025, 168, 104040. (Best Paper Award in the Second School of Finance Alumni Forum at Renmin University of China). VoxEU column.<\/a><\/p>\n

“Free Entry in a Cournot Market with Overlapping Ownership<\/a>” (with O. Vravosinos), American Economic Journal-Microeconomics<\/em>, 2025, 17, 2, 292-320.<\/p>\n

“Information Technology and Lender Competition<\/a>“, (with Z. Ye), Journal of Financial Economics<\/em>, 2025, 163, 103957. (Recipient of the SANFI award for the best paper on Banking on the 29th<\/sup> Finance Forum 2022). VoxEU column.<\/a><\/p>\n

“Strategic complementarity in games”<\/a>, (with O. Vravosinos), Journal of Mathematical Economics<\/em>, 2024, 113, 103005.<\/p>\n

“Banking Turmoil and Regulatory Reform”<\/a>, 2024 (with V. Acharya, E. Carletti and F. Restoy), CEPR, pp. 167. VoxEU column<\/a><\/span>.<\/p>\n

Addressing banks\u2019 vulnerability to deposit runs: revisiting the facts, arguments and policy options<\/a> (with T. Beck, V. Ioannidou, E. Perotti, A. S\u00e1nchez-Serrano and J. Suarez), ECB ESRB Advisory Scientific Committee No 15, August 2024. Press Release<\/a>.<\/p>\n

“La Competencia en los Mercados Digitales”<\/a>, 2024, FEDEA Documento de Trabajo 2024\/01.<\/p>\n

“The International Economic and Financial Order After the Pandemic and War”<\/a>, 2023, (with G. Corsetti, B. Eichengreen and J. Zettelmeyer), CEPR, pp. 162. VoxEU column<\/a><\/span>.<\/p>\n

“Monetary Policy, Market Power and SMEs”<\/a> (with A. Ferrando, P. McAdam and F. Petroulakis), AEA Papers and Proceedings, <\/em>2023, 113, 105-109.<\/p>\n

“Open Banking: Promise and Trade-Offs”<\/a>, 2023 (with D. Rivero), European Economy<\/em>, issue 2022, 45-56.<\/p>\n

 <\/p>\n

Recent opinion articles and media exposure<\/a>:<\/strong><\/p>\n

Han augmentat la productivitat els fons Next Generation?<\/a>, Ara, 06\/09\/2026<\/p>\n

La productividad y la bala de plata<\/a>, La Vanguardia, 15\/08\/2026<\/p>\n

Europa y el test de Volkswagen<\/a>, La Vanguardia, 17\/07\/2026<\/p>\n

L’estat incapa\u00e7<\/a>, Ara, 5\/07\/2026<\/p>\n

New coins on the block: Digital currencies and the financial system<\/a>, VoxEU, 2\/06\/2026<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Recent working papers and forthcoming publications: “Climate Risk, Soft Information, and Credit Supply” (with L. \u00c1lvarez, S. Mayordomo and C. Vergara-Alert), R&R at Review of Finance. “(In)efficiency in Information Acquisition and Aggregation through Prices” (with A. Pavan and S. Sundaresan), R&R at Review of Economic Studies. “Revisiting the Anticompetitive Effects of Common Ownership” (with J. […]<\/p>\n","protected":false},"author":13,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"footnotes":""},"class_list":["post-80","page","type-page","status-publish","hentry"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t