Professor José-Luis Peydró is a Professor of Finance at Imperial College Business School.
His research on systemic risk, macroprudential policy and the causes and impact of financial crises has made a significant contribution to the development of a new regulatory paradigm for the financial sector following the 2008 financial crisis.
Professor Peydró’s research interests span a wide range of factors affecting the stability of the financial system including credit markets, capital and liquidity, financial contagion, FinTech and innovation in banking and financial services, and the globalisation of finance.
His research papers are among some of the most highly cited in banking and finance. His book written with Xavier Freixas and Luc Laeven, Systemic Risk, Crises, and Macroprudential Regulation (MIT Press 2015), made important steps to clarify the meaning of systemic risk in the financial system and macroprudential policy, identified lending booms as the greatest threat to future financial stability and suggested policy solutions.
Professor Peydró maintains extremely strong links with industry, policymakers and regulators. He is a member of the Advisory Scientific Committee of the European Systemic Risk Board, an advisor at the Bank of Spain, a consultant at the European Central Bank, and a Research Professor at Deutsche Bundesbank. He previously held a Houblon-Norman Fellowship at the Bank of England and has held consultancy roles at the World Bank, the International Monetary Fund, the Federal Reserve Board in Washington, the Bank of England, Banque de France, and the Reserve Bank of India.
A sought-after educator and speaker, he has presented his research in universities including Harvard, MIT, Princeton, Stanford, Columbia, NYU, LSE, Oxford and LBS. He has taught in-company executive education at the European Central Bank, Central Bank of Portugal and the Bundesbank, as well as courses at the Florence School of Banking & Finance. He is the Programme Director for the Imperial College Business School Executive Education programme FinTech: Innovative Banking.
Professor Peydró is based in London and Barcelona. Alongside his role at Imperial, he is a Catalan Institution for Research and Advanced Studies Professor of Economics at Universitat Pompeu Fabra, a Research Professor at the Barcelona Graduate School of Economics, a Centre de Recerca en Economia Internacional Research Associate, and a Research Fellow at the Centre for Economic Policy Research in London.
et al., 2019, Monetary policy and bank lending in developing countries: Loan applications, rates, and real effects, Journal of Development Economics, Vol:139, ISSN:0304-3878, Pages:185-202
et al., 2019, The international bank lending channel of monetary policy rates and QE: credit supply, reach-for-yield, and real fffects, The Journal of Finance, Vol:74, ISSN:0022-1082, Pages:55-90
et al., 2017, Macroprudential Policy, Countercyclical Bank Capital Buffers, and Credit Supply: Evidence from the Spanish Dynamic Provisioning Experiments, Journal of Political Economy, Vol:125, ISSN:0022-3808, Pages:2126-2177
et al., 2017, Capital flows and the international credit channel, 39th Annual International Seminar on Macroeconomics (ISoM), ELSEVIER SCIENCE BV, Pages:S15-S22, ISSN:0022-1996