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Upside versus downside risk: Gender, stakes, and skewness
(Elsevier, 2022-05-29)
Risky choices often involve a tradeoff between expected payoff and payoff variability. Subjects in a simple experiment, however, exhibit more aversion to “downside risk” (with a small probability of a low payoff) and more ...
Credit allocation and the financial crisis: evidence from Spanish companies
(Springer, 2022-08-18)
The worldwide financial crisis of 2007–2008 raised serious concerns about the soundness of banks’ activities and about the extent to which banking regulation should supervise banks’ investment decisions. We contribute to ...
Is Vehicle Scrapping Affected by Low-Emission Zones? The case of Madrid
(Elsevier, 2023-03)
This paper provides an initial empirical evaluation of the possible impact a low-emission zone (LEZ) has
on vehicle scrappage rates. The analysis is based on a quasi-experimental design, which is applied to the
Spanish ...
Voluntary insurance vs. stabilization funds: An experimental analysis on bank runs
(Elsevier, 2024-03-19)
Banking crises have recurrently emphasized the crucial need for establishing effective mechanisms to prevent bank runs, and different organizations are exploring a range of potential measures. With the aim of contributing ...
The financial network channel of monetary policy transmission: an agent-based model
(Springer, 2023-01-13)
The purpose of this paper is to explore the impact of monetary policy shocks on a financial network, which we dub the “financial network channel of monetary policy transmission”. To this aim, we develop a agent-based model ...
Misalignments in house prices and economic growth in Europe
(Taylor and Francis, 2023)
In this paper we investigate house price misalignments and how they affect the real economy. We estimate the long-term relationship between house prices and the fundamentals that determine long-term house prices for a panel ...
Blockchain, sport and fan tokens
(Emerald, 2023-04-28)
Purpose
This paper provides a thorough examination of Socios.com, a blockchain platform that integrates token sales with the fan experience in the sports industry. The study focuses on three key aspects: the performance, ...
The impact of global value chain participation on income inequality
(Elsevier, 2022-05)
There is a considerable amount of discussion over the effect of global value chain (GVC) participation on the increasing levels of income inequality in developed and developing countries. This paper aims to contribute to ...
Anatomy of a Stablecoin’s failure: The Terra-Luna case
(Elsevier, 2023)
We quantitatively describe the main events that led to the Terra project’s failure in May
2022. We first review, in a systematic way, news from heterogeneous social media sources;
we discuss the fragility of the Terra ...
Structural gravity and the gains from trade under imperfect competition: Quantifying the effects of the European Single Market
(Elsevier, 2023-11-25)
The structural gravity model is the workhorse model in international trade to estimate the drivers of trade costs. We propose a new gravity estimation procedure that allows us to disentangle exogenous trade costs and ...