Javier Suarez

Centre for Monetary and Financial Studies (CEMFI)

Professor

Casado del Alisal 5

28014 Madrid

Spain

Centre for Economic Policy Research (CEPR)

Fellow

77 Bastwick Street

London, EC1V 3PZ

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

29

DOWNLOADS
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Top 10,835

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3,526

CITATIONS
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Top 1,607

in Total Papers Citations

349

Scholarly Papers (29)

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 1,076 (14,843)
Citation 120

Abstract:

2.
Downloads 463 ( 49,059)
Citation 16

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 455 (49,610)
Citation 16

Abstract:

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 (524,607)
Citation 16

Abstract:

Banking regulation, Basel capital requirements, Capital market frictions, Credit rationing, Loan defaults, Relationship banking, Social cost of bank failure

3.
Downloads 328 ( 74,146)
Citation 40

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 309 (78,684)
Citation 40

Abstract:

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 (462,168)
Citation 40

Abstract:

Start-ups, going public, venture capital, growth

4.
Downloads 307 ( 79,768)
Citation 29

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 280 (87,945)
Citation 29

Abstract:

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 (417,435)
Citation 29

Abstract:

Bank mergers, banking crises, charter value, market structure dynamics, prudential regulation

5.
Downloads 262 ( 95,082)
Citation 11

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 259 (95,762)
Citation 11

Abstract:

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 (550,281)
Citation 11

Abstract:

Liquidity requirements, Liquidity risk, Liquidity risk levies, Macroprudential regulation, Systemic risk

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 224 (111,296)
Citation 12

Abstract:

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 (485,142)
Citation 12

Abstract:

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
Cass Business School, City University London and Centre for Monetary and Financial Studies (CEMFI)
Downloads 184 (127,703)
Citation 6

Abstract:

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 99 (223,006)
Citation 1

Abstract:

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 27 (417,435)
Citation 1

Abstract:

Default risk; Financial frictions; Macroprudential policy

9.
Downloads 107 (209,919)
Citation 10

Stakeholder, Transparency and Capital Structure

NBER Working Paper No. w10101
Number of pages: 43 Posted: 21 Nov 2003
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 76 (264,395)
Citation 10

Abstract:

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 (398,474)
Citation 10

Abstract:

Equity issuance, under-investment, market scrutiny, dynamic capital structure

10.
Downloads 78 (257,832)
Citation 2

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 61 (299,025)
Citation 2

Abstract:

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 (473,724)
Citation 2

Abstract:

Financial strategy, intellectual property, litigation, predation

11.

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 64 (248,427)

Abstract:

Liquidity standards, lender of last resort, constructive ambiguity

12.

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 51 (321,799)
Citation 35

Abstract:

Bank regulation, capital requirements, credit risk, internal ratings, loan defaults, margin income

13.
Downloads 45 (339,632)
Citation 4

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 45 (345,716)
Citation 4

Abstract:

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:

14.

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 (410,930)
Citation 24

Abstract:

Banking regulation, Basel II, business cycles, capital requirements, credit crunch, loan defaults, relationship banking

15.
Downloads 23 (425,707)
Citation 26

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 (444,782)
Citation 26

Abstract:

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 (568,207)
Citation 26

Abstract:

16.

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 (430,861)
Citation 1

Abstract:

economic crisis, Spain, Spanish banks, structural reforms

17.

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 (430,861)
Citation 5

Abstract:

Housing prices, cycles, volatility, Markov switching

18.
Downloads 21 (435,993)
Citation 6

Firms' Stakeholders and the Costs of Transparency

NBER Working Paper No. w13647
Number of pages: 35 Posted: 17 Oct 2012
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 17 (473,724)
Citation 6

Abstract:

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 (544,879)
Citation 6

Abstract:

19.

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 (506,999)

Abstract:

Capital requirements, Credit cycles, Financial crises, Macroprudential policies, Risk shifting, Systemic risk

20.

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 (511,455)

Abstract:

liquidity premium, liquidity risk regulation, maturity structure, pecuniary externalities, systemic crises

21.

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 (524,789)

Abstract:

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

22.

The Macroeconomics of Money Market Freezes

CEPR Discussion Paper No. DP7304
Number of pages: 51 Posted: 15 Jul 2009
Max Bruche and Javier Suarez
Cass Business School, City University London and Centre for Monetary and Financial Studies (CEMFI)
Downloads 3 (524,789)
Citation 1

Abstract:

deposit insurance, financial crisis, money markets, spreads

23.

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 0 (467,022)

Abstract:

liquidity risk, maturity regulation, pecuniary externalities, systemic crises

24.

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 0 (531,181)

Abstract:

liquidity risk, maturity regulation, pecuniary externalities, systemic crises

25.

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:

26.

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:

27.

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)

Abstract:

28.

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)

Abstract:

29.

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)

Abstract: