Javier Suarez

Centre for Monetary and Financial Studies (CEMFI)

Professor

Casado del Alisal 5

28014 Madrid

Spain

Centre for Economic Policy Research (CEPR)

Fellow

London

United Kingdom

European Corporate Governance Institute (ECGI)

Research Associate

c/o ECARES ULB CP 114

B-1050 Brussels

Belgium

http://www.ecgi.org

SCHOLARLY PAPERS

36

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4,067

SSRN CITATIONS
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SSRN RANKINGS

Top 1,080

in Total Papers Citations

119

CROSSREF CITATIONS

812

Scholarly Papers (36)

1.

Venture Capital Finance: A Security Design Approach

CEMFI Working Paper No. 9804
Number of pages: 47 Posted: 24 Jan 1999
Rafael Repullo and Javier Suarez
Centre for Monetary and Financial Studies (CEMFI) and Centre for Monetary and Financial Studies (CEMFI)
Downloads 1,117 (19,014)
Citation 61

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2.
Downloads 509 ( 56,071)
Citation 103

The Procyclical Effects of Bank Capital Regulation

European Banking Center Discussion Paper No. 2010-05S, CentER Discussion Paper Series No. 2010-29S
Number of pages: 51 Posted: 18 Mar 2010
Rafael Repullo and Javier Suarez
Centre for Monetary and Financial Studies (CEMFI) and Centre for Monetary and Financial Studies (CEMFI)
Downloads 501 (56,548)
Citation 28

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Banking regulation, Basel II, Business cycles, Capital requirements, Credit crunch, Loan defaults, Relationship banking

The Procyclical Effects of Bank Capital Regulation

CEPR Discussion Paper No. DP8897
Number of pages: 53 Posted: 04 Apr 2012
Rafael Repullo and Javier Suarez
Centre for Monetary and Financial Studies (CEMFI) and Centre for Monetary and Financial Studies (CEMFI)
Downloads 8 (640,425)
Citation 10
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Banking regulation, Basel capital requirements, Capital market frictions, Credit rationing, Loan defaults, Relationship banking, Social cost of bank failure

3.
Downloads 360 ( 84,992)
Citation 47

A Pigovian Approach to Liquidity Regulation

De Nederlandsche Bank Working Paper No. 291
Number of pages: 37 Posted: 01 Nov 2011
Enrico C. Perotti and Javier Suarez
University of Amsterdam - Finance Group and Centre for Monetary and Financial Studies (CEMFI)
Downloads 357 (85,142)
Citation 53

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liquidity requirements, liquidity risk, liquidity risk levies, macroprudential regulation, systemic risk

A Pigovian Approach to Liquidity Regulation

CEPR Discussion Paper No. DP8271
Number of pages: 32 Posted: 14 Mar 2011
Enrico C. Perotti and Javier Suarez
University of Amsterdam - Finance Group and Centre for Monetary and Financial Studies (CEMFI)
Downloads 3 (678,886)
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Liquidity requirements, Liquidity risk, Liquidity risk levies, Macroprudential regulation, Systemic risk

4.
Downloads 339 ( 90,989)
Citation 44

Business Creation and the Stock Market

CEMFI Working Paper No. 0009
Number of pages: 43 Posted: 26 Feb 2001
Javier Suarez
Centre for Monetary and Financial Studies (CEMFI)
Downloads 320 (96,447)

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Start-ups, Financial Life Cycle, Going Public, Venture Capital, Growth

Business Creation and the Stock Market

CEPR Discussion Paper No. 3513
Number of pages: 45 Posted: 14 Jul 2003
Claudio Michelacci and Javier Suarez
Centre for Monetary and Financial Studies (CEMFI) and Centre for Monetary and Financial Studies (CEMFI)
Downloads 19 (563,187)
Citation 1
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Start-ups, going public, venture capital, growth

5.
Downloads 315 ( 98,738)
Citation 46

Last Bank Standing: What Do I Gain If You Fail?

Number of pages: 37 Posted: 04 Jul 2001
Enrico C. Perotti and Javier Suarez
University of Amsterdam - Finance Group and Centre for Monetary and Financial Studies (CEMFI)
Downloads 288 (108,196)

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Banking crisis, banking competition, charter value, prudential regulation

Last Bank Standing: What Do I Gain If You Fail?

CEPR Discussion Paper No. 2933
Number of pages: 40 Posted: 12 Sep 2001
Enrico C. Perotti and Javier Suarez
University of Amsterdam - Finance Group and Centre for Monetary and Financial Studies (CEMFI)
Downloads 27 (511,719)
Citation 4
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Bank mergers, banking crises, charter value, market structure dynamics, prudential regulation

Managerial Compensation and the Market Reaction to Bank Loans

CEMFI Working Paper No. 0103
Number of pages: 40 Posted: 19 Feb 2001
Andres Almazan and Javier Suarez
University of Texas at Austin - Department of Finance and Centre for Monetary and Financial Studies (CEMFI)
Downloads 228 (137,817)
Citation 1

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Monitoring, managerial compensation, optimal contracts, banks

Managerial Compensation and the Market Reaction to Bank Loans

CEPR Discussion Paper No. 2643
Number of pages: 43 Posted: 29 Jan 2001
Andres Almazan and Javier Suarez
University of Texas at Austin - Department of Finance and Centre for Monetary and Financial Studies (CEMFI)
Downloads 15 (590,168)
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Banks, managerial compensation, monitoring, optimal contracts

7.

Deposit Insurance and Money Market Freezes

Journal of Monetary Economics, Vol. 57, No. 1, 2010
Number of pages: 40 Posted: 13 May 2009 Last Revised: 03 Mar 2010
Max Bruche and Javier Suarez
Humboldt University of Berlin and Centre for Monetary and Financial Studies (CEMFI)
Downloads 205 (153,110)
Citation 7

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deposit insurance, money markets, bank solvency, financial market freezes

Capital Regulation in a Macroeconomic Model with Three Layers of Default

Banque de France Working Paper No. 533
Number of pages: 63 Posted: 03 Jan 2015
Banque de France, Czech National Bank (CNB) - Monetary Department, Bank of Portugal, Deutsche Bundesbank - Research Centre, European Central Bank (ECB), European Central Bank (ECB), Centre for Monetary and Financial Studies (CEMFI) and Board of Governors of the Federal Reserve System
Downloads 161 (190,105)
Citation 62

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Macroprudential policy; Financial frictions; Default risk

Capital Regulation in a Macroeconomic Model with Three Layers of Default

ECB Working Paper No. 1827
Number of pages: 60 Posted: 11 Jul 2015
Banque de France, Czech National Bank (CNB) - Monetary Department, Bank of Portugal, Deutsche Bundesbank - Research Centre, European Central Bank (ECB), European Central Bank (ECB), Centre for Monetary and Financial Studies (CEMFI) and Board of Governors of the Federal Reserve System
Downloads 36 (464,760)

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Default risk; Financial frictions; Macroprudential policy

Stakeholder, Transparency and Capital Structure

NBER Working Paper No. w10101
Number of pages: 43 Posted: 21 Nov 2003 Last Revised: 09 Aug 2010
Andres Almazan, Javier Suarez and Sheridan Titman
University of Texas at Austin - Department of Finance, Centre for Monetary and Financial Studies (CEMFI) and University of Texas at Austin - Department of Finance
Downloads 81 (315,141)

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Stakeholder, Transparency and Capital Structure

CEPR Discussion Paper No. 4181
Number of pages: 45 Posted: 21 Jan 2004
Andres Almazan, Javier Suarez and Sheridan Titman
University of Texas at Austin - Department of Finance, Centre for Monetary and Financial Studies (CEMFI) and University of Texas at Austin - Department of Finance
Downloads 31 (489,304)
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Equity issuance, under-investment, market scrutiny, dynamic capital structure

10.

The Role of Liquidity Standards in Optimal Lending of Last Resort Policies

Number of pages: 38 Posted: 07 Jan 2014
João A. C. Santos and Javier Suarez
Federal Reserve Bank of New York and Centre for Monetary and Financial Studies (CEMFI)
Downloads 99 (275,196)
Citation 1

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Liquidity standards, lender of last resort, constructive ambiguity

11.
Downloads 84 (305,373)
Citation 3

Financing and the Protection of Innovators

Number of pages: 40 Posted: 24 Feb 2005
Gerard Llobet and Javier Suarez
Centre for Monetary and Financial Studies (CEMFI) and Centre for Monetary and Financial Studies (CEMFI)
Downloads 67 (351,856)
Citation 3

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Financial strategy, intellectual property, litigation, predation

Financing and the Protection of Innovators

CEPR Discussion Paper No. 4944
Number of pages: 42 Posted: 22 Jul 2005
Gerard Llobet and Javier Suarez
Centre for Monetary and Financial Studies (CEMFI) and Centre for Monetary and Financial Studies (CEMFI)
Downloads 17 (576,781)
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Financial strategy, intellectual property, litigation, predation

12.

Optimal Dynamic Capital Requirements

Number of pages: 31 Posted: 14 Nov 2017
Bank of Portugal, European Central Bank (ECB), Centre for Monetary and Financial Studies (CEMFI) and University of Pennsylvania - The Wharton School
Downloads 74 (329,093)
Citation 7

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Macroprudential policy; Bank fragility; Capital requirements; Financial frictions; Default risk

13.
Downloads 56 (380,247)
Citation 1

Bank Capital in the Short and in the Long Run

ECB Working Paper No. 2286 (2019); ISBN 978-92-899-3548-7
Number of pages: 35 Posted: 29 May 2019
Bank of Portugal, European Central Bank (ECB), Centre for Monetary and Financial Studies (CEMFI) and University of Pennsylvania - The Wharton School
Downloads 30 (494,703)

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macroprudential policy, default risk, effective lower bound, transitional dynamics

Bank Capital in the Short and in the Long Run

Number of pages: 42 Posted: 01 Aug 2018
Bank of Portugal, European Central Bank (ECB), Centre for Monetary and Financial Studies (CEMFI) and University of Pennsylvania - The Wharton School
Downloads 26 (517,837)
Citation 1

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Macroprudential Policy, Bank Fragility, Financial Frictions, Default Risk, Effective Lower Bound, Transition Dynamics

Bank Capital in the Short and in the Long Run

CEPR Discussion Paper No. DP13152
Number of pages: 45 Posted: 17 Sep 2018
Bank of Portugal, European Central Bank (ECB), Centre for Monetary and Financial Studies (CEMFI) and University of Pennsylvania - The Wharton School
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Bank Fragility, Default Risk, effective lower bound, Financial Frictions, macroprudential policy, Transition Dynamics

14.

Loan Pricing Under Basel Capital Requirements

CEPR Discussion Paper No. 3917
Number of pages: 40 Posted: 24 Jul 2003
Rafael Repullo and Javier Suarez
Centre for Monetary and Financial Studies (CEMFI) and Centre for Monetary and Financial Studies (CEMFI)
Downloads 52 (393,271)
Citation 1
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Bank regulation, capital requirements, credit risk, internal ratings, loan defaults, margin income

15.
Downloads 48 (406,989)

Incomplete Wage Posting

CEMFI Working Paper No. 0203
Number of pages: 48 Posted: 30 Oct 2002
Claudio Michelacci and Javier Suarez
Centre for Monetary and Financial Studies (CEMFI) and Centre for Monetary and Financial Studies (CEMFI)
Downloads 48 (414,275)
Citation 14

Abstract:

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Search frictions, bargaining, directed search, adverse selection, wage inequality

Incomplete Wage Posting

Journal of Political Economy, Vol. 114, pp. 1098-1123, December 2006
Posted: 12 Dec 2006
Claudio Michelacci and Javier Suarez
Centre for Monetary and Financial Studies (CEMFI) and Centre for Monetary and Financial Studies (CEMFI)

Abstract:

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16.

Interest Rates and Credit Risk

CNMV Working Paper No. 46
Number of pages: 52 Posted: 10 Jun 2019
Carlos González Aguado and Javier Suarez
Comisión Nacional del Mercado de Valores (CNMV) and Centre for Monetary and Financial Studies (CEMFI)
Downloads 45 (417,986)
Citation 5

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interest rates, short-term debt, search for yield, credit risk, firm dynamics

17.

How Excessive Is Banks’ Maturity Transformation?

Bank of Italy Temi di Discussione (Working Paper) No. 1065
Number of pages: 68 Posted: 26 Oct 2016
Anatoli Segura and Javier Suarez
Bank of Italy and Centre for Monetary and Financial Studies (CEMFI)
Downloads 36 (454,267)
Citation 20

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liquidity risk, maturity regulation, pecuniary externalities, systemic crises

Firms' Stakeholders and the Costs of Transparency

NBER Working Paper No. w13647
Number of pages: 35 Posted: 17 Oct 2012 Last Revised: 16 Oct 2014
Andres Almazan, Javier Suarez and Sheridan Titman
University of Texas at Austin - Department of Finance, Centre for Monetary and Financial Studies (CEMFI) and University of Texas at Austin - Department of Finance
Downloads 22 (543,345)

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Firms' Stakeholders and the Costs of Transparency

Journal of Economics & Management Strategy, Vol. 18, Issue 3, pp. 871-900, Fall 2009
Number of pages: 30 Posted: 13 Oct 2009
Andres Almazan, Javier Suarez and Sheridan Titman
University of Texas at Austin - Department of Finance, Centre for Monetary and Financial Studies (CEMFI) and University of Texas at Austin - Department of Finance
Downloads 4 (670,215)
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19.

The Procyclical Effects of Basel II

CEPR Discussion Paper No. DP6862
Number of pages: 51 Posted: 17 Jun 2008
Rafael Repullo and Javier Suarez
Centre for Monetary and Financial Studies (CEMFI) and Centre for Monetary and Financial Studies (CEMFI)
Downloads 26 (502,920)
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Banking regulation, Basel II, business cycles, capital requirements, credit crunch, loan defaults, relationship banking

20.
Downloads 23 (519,985)

Bank Capital Forbearance

Number of pages: 35 Posted: 11 Apr 2019
Deutsche Bundesbank - Research Centre, University of Amsterdam - Finance Group and Centre for Monetary and Financial Studies (CEMFI)
Downloads 23 (536,750)

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bank supervision; bank recapitalization; forbearance

Bank Capital Forbearance

CEPR Discussion Paper No. DP13617
Number of pages: 38 Posted: 01 Apr 2019
Deutsche Bundesbank - Research Centre, University of Amsterdam - Finance Group and Centre for Monetary and Financial Studies (CEMFI)
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Bank Recapitalization, bank supervision, Forbearance

21.
Downloads 23 (519,985)
Citation 56

Social Contacts and Occupational Choice

CEPR Discussion Paper No. 4308
Number of pages: 41 Posted: 21 Apr 2004
Centro de Estudios Monetarios y Financieros (CEMFI), Centre for Monetary and Financial Studies (CEMFI) and Centre for Monetary and Financial Studies (CEMFI)
Downloads 22 (543,345)
Citation 6
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Search, mismatch, occupational mobility

Social Contacts and Occupational Choice

Economica, Vol. 77, Issue 305, pp. 20-45, January 2010
Number of pages: 26 Posted: 28 Dec 2009
Centro de Estudios Monetarios y Financieros (CEMFI), Centre for Monetary and Financial Studies (CEMFI) and Centre for Monetary and Financial Studies (CEMFI)
Downloads 1 (703,477)
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22.

The Spanish Crisis: Background and Policy Challenges

CEPR Discussion Paper No. DP7909
Number of pages: 33 Posted: 19 Jul 2010
Javier Suarez
Centre for Monetary and Financial Studies (CEMFI)
Downloads 22 (525,952)
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economic crisis, Spain, Spanish banks, structural reforms

23.

Hot and Cold Housing Markets: International Evidence

CEPR Discussion Paper No. 5411
Number of pages: 35 Posted: 27 Mar 2006
Javier Suarez and Jose A. Ceron
Centre for Monetary and Financial Studies (CEMFI) and Omega Capital
Downloads 22 (525,952)
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Housing prices, cycles, volatility, Markov switching

24.
Downloads 11 (594,148)
Citation 1

Optimally Solving Banks' Legacy Problems

Bank of Italy Temi di Discussione (Working Paper) No. 1227, June 2019
Number of pages: 66 Posted: 10 Aug 2019
Anatoli Segura and Javier Suarez
Bank of Italy and Centre for Monetary and Financial Studies (CEMFI)
Downloads 10 (625,849)
Citation 1

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non performing loans, deposit insurance, debt overhang, optimal intervention, state aid

Optimally Solving Banks' Legacy Problems

CEPR Discussion Paper No. DP13718
Number of pages: 59 Posted: 13 May 2019
Anatoli Segura and Javier Suarez
Bank of Italy and Centre for Monetary and Financial Studies (CEMFI)
Downloads 1 (703,477)
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Debt overhang, deposit insurance, non performing loans, optimal intervention, state aid

25.

A Macroeconomic Model of Endogenous Systemic Risk Taking

CEPR Discussion Paper No. DP9134
Number of pages: 54 Posted: 28 Sep 2012
David Martinez-Miera and Javier Suarez
Universidad Carlos III de Madrid - Department of Business Administration and Centre for Monetary and Financial Studies (CEMFI)
Downloads 7 (620,570)
Citation 1
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Capital requirements, Credit cycles, Financial crises, Macroprudential policies, Risk shifting, Systemic risk

26.

Liquidity Shocks, Roll-Over Risk and Debt Maturity

CEPR Discussion Paper No. DP8324
Number of pages: 55 Posted: 18 Apr 2011
Anatoli Segura and Javier Suarez
Bank of Italy and Centre for Monetary and Financial Studies (CEMFI)
Downloads 6 (627,225)
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liquidity premium, liquidity risk regulation, maturity structure, pecuniary externalities, systemic crises

27.

Interest Rates and Credit Risk

CEPR Discussion Paper No. DP8398
Number of pages: 44 Posted: 26 May 2011
Carlos González-Aguado and Javier Suarez
Centre for Monetary and Financial Studies (CEMFI) and Centre for Monetary and Financial Studies (CEMFI)
Downloads 3 (648,971)
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credit risk, firm dynamics, interest rates, search for yield, short-term debt

28.

The Macroeconomics of Money Market Freezes

CEPR Discussion Paper No. DP7304
Number of pages: 51 Posted: 15 Jul 2009
Max Bruche and Javier Suarez
Humboldt University of Berlin and Centre for Monetary and Financial Studies (CEMFI)
Downloads 3 (648,971)
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deposit insurance, financial crisis, money markets, spreads

29.

How Excessive is Banks' Maturity Transformation?

CEPR Discussion Paper No. DP11111
Number of pages: 59 Posted: 17 Feb 2016
Anatoli Segura and Javier Suarez
Bank of Italy and Centre for Monetary and Financial Studies (CEMFI)
Downloads 2 (658,500)
Citation 3
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liquidity risk, maturity regulation, pecuniary externalities, systemic crises

30.

The Procyclicality of Expected Credit Loss Provisions

CEPR Discussion Paper No. DP13135
Number of pages: 65 Posted: 17 Sep 2018
Jorge Abad and Javier Suarez
Centre for Monetary and Financial Studies (CEMFI) and Centre for Monetary and Financial Studies (CEMFI)
Downloads 1 (670,461)
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credit loss allowances, expected credit losses, incurred losses, procyclicality, rating migrations

31.

Equity Versus Bail-In Debt in Banking: An Agency Perspective

CEPR Discussion Paper No. DP12104
Number of pages: 46 Posted: 26 Jun 2017
Caterina Mendicino, Kalin Nikolov and Javier Suarez
Bank of Portugal, European Central Bank (ECB) and Centre for Monetary and Financial Studies (CEMFI)
Downloads 1 (670,461)
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agency problems, bail-in debt, Bank Regulation, loss absorbing capacity, risk shifting

32.

Entrenchment and Severance Pay in Optimal Governance Structures

Forthcoming in Journal of Finance
Posted: 21 Aug 2002
Andres Almazan and Javier Suarez
University of Texas at Austin - Department of Finance and Centre for Monetary and Financial Studies (CEMFI)

Abstract:

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33.

Entrepreneurial Moral Hazard and Bank Monitoring: A Model of the Credit Channel

CEPR Working Paper No. 2060
Posted: 08 Apr 1999
Rafael Repullo and Javier Suarez
Centre for Monetary and Financial Studies (CEMFI) and Centre for Monetary and Financial Studies (CEMFI)

Abstract:

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34.

Closure Rules, Market Power and Risk-Taking in a Dynamic Model of Bank Behaviour

LSE Paper 196
Posted: 25 Jul 1998
Javier Suarez
Centre for Monetary and Financial Studies (CEMFI)

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35.

Credit Markets and Real Economic Activity: A Model of Financial Intermediation

Posted: 22 Jul 1998
Rafael Repullo and Javier Suarez
Centre for Monetary and Financial Studies (CEMFI) and Centre for Monetary and Financial Studies (CEMFI)

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36.

Monitoring, Liquidation, and Security Design

Review of Financial Studies, Vol. 11 No. 1
Posted: 18 Dec 1997
Rafael Repullo and Javier Suarez
Centre for Monetary and Financial Studies (CEMFI) and Centre for Monetary and Financial Studies (CEMFI)

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