Xavier Freixas

Universitat Pompeu Fabra

Professor of Financial Economics

Ramon Trias Fargas 25-27

Barcelona, 08005

Spain

http://www.econ.upf.es/~freixas

Centre for Economic Policy Research (CEPR)

Fellow

London

United Kingdom

http://www.econ.upf.es/~freixas/more/personal1.htm

Barcelona Graduate School of Economics (Barcelona GSE)

Research Professor

Ramon Trias Fargas, 25-27

Barcelona, Barcelona 08005

Spain

  • Universitat Pompeu Fabra

    • Email
    • Tel: +34 93 542 2726
    • Fax: +34 93 542 1746

  • Centre for Economic Policy Research (CEPR)

  • Barcelona Graduate School of Economics (Barcelona GSE)

SCHOLARLY PAPERS

31

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15,432

TOTAL CITATIONS
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Top 622

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651

Scholarly Papers (31)

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1.

An Overall Perspective on Banking Regulation

UPF, Economics and Business Working Paper No. 664
Number of pages: 27 Posted: 21 May 2003
Xavier Freixas and Anthony M. Santomero
Universitat Pompeu Fabra and University of Pennsylvania - The Wharton School
Downloads 2,426 (12,588)
Citation 13

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Banking Regulation, survey, Financial Market imperfection

2.

The Credit Ratings Game

Downloads 1,605 (24,191)
Citation 74

The Credit Ratings Game

EFA 2009 Bergen Meetings Paper
Number of pages: 46 Posted: 16 Feb 2009
Patrick Bolton, Xavier Freixas and Joel Shapiro
Imperial College London, Universitat Pompeu Fabra and Universitat Pompeu Fabra - Faculty of Economic and Business Sciences
Downloads 932 (52,377)
Citation 58

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The Credit Ratings Game

Number of pages: 46 Posted: 01 Jul 2009
Patrick Bolton, Xavier Freixas and Joel Shapiro
Imperial College London, Universitat Pompeu Fabra and Universitat Pompeu Fabra - Faculty of Economic and Business Sciences
Downloads 490 (120,626)
Citation 16

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Credit rating agencies, conflicts of interest, ratings shopping

The Credit Ratings Game

NBER Working Paper No. w14712
Number of pages: 47 Posted: 17 Feb 2009 Last Revised: 14 Sep 2022
Patrick Bolton, Xavier Freixas and Joel D. Shapiro
Imperial College London, Universitat Pompeu Fabra and University of Oxford - Said Business School
Downloads 183 (342,826)

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3.

Book vs. Fair Value Accounting in Banking and Intertemporal Smoothing

Downloads 1,335 (31,852)
Citation 17

Book vs. Fair Value Accounting in Banking and Intertemporal Smoothing

OFRC Working Paper No. 2004fe13
Number of pages: 32 Posted: 06 Mar 2005
Xavier Freixas and Dimitrios P. Tsomocos
Universitat Pompeu Fabra and University of Oxford - Said Business School and St. Edmund Hall
Downloads 787 (65,943)
Citation 5

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Book value, Fair Value, Banking, Intertemporal Smoothing, Overlapping Generations

Book vs. Fair Value Accounting in Banking, and Intertemporal Smoothing

UPF Economics and Business Working Paper 771
Number of pages: 20 Posted: 15 Nov 2005
Xavier Freixas and Dimitrios P. Tsomocos
Universitat Pompeu Fabra and University of Oxford - Said Business School and St. Edmund Hall
Downloads 548 (105,139)
Citation 12

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Banking, shocks, insurance, intertemporal, Overlapping Generations Equilibrium

4.

Optimal Bail Out Policy, Conditionality and Constructive Ambiguity

Working Paper No. 400
Number of pages: 31 Posted: 15 Dec 1999
Xavier Freixas
Universitat Pompeu Fabra
Downloads 1,089 (42,855)
Citation 102

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5.

Regulating Financial Conglomerates

Downloads 1,012 (47,514)
Citation 46

Regulating Financial Conglomerates

Oxford Financial Research Centre Working Paper No. 2005-FE-03, EFA 2005 Moscow Meetings Paper
Number of pages: 30 Posted: 11 Jul 2005
Xavier Freixas, Gyongyi Loranth and Alan D. Morrison
Universitat Pompeu Fabra, Centre for Economic Policy Research (CEPR) and University of Oxford - Said Business School
Downloads 541 (106,848)
Citation 2

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Financial conglomerate, capital regulation, regulatory arbitrage

Regulating Financial Conglomerates

UPF Economics and Business Working Paper 820
Number of pages: 30 Posted: 18 Nov 2005
Xavier Freixas, Alan D. Morrison and Gyongyi Loranth
Universitat Pompeu Fabra, University of Oxford - Said Business School and Centre for Economic Policy Research (CEPR)
Downloads 320 (197,060)
Citation 2

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Financial conglomerate, capital regulation, regulatory arbitrage

Regulating Financial Conglomerates

National Bank of Belgium Working Paper No. 54
Number of pages: 25 Posted: 14 Oct 2010
Xavier Freixas, Gyongyi Loranth, Alan D. Morrison and Hyun Song Shin
Universitat Pompeu Fabra, Centre for Economic Policy Research (CEPR), University of Oxford and Bank for International Settlements (BIS)
Downloads 112 (515,702)
Citation 20

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Regulating Financial Conglomerates

CEPR Discussion Paper No. 5036
Number of pages: 32 Posted: 13 Sep 2005
Xavier Freixas, Gyongyi Loranth and Alan D. Morrison
Universitat Pompeu Fabra, Centre for Economic Policy Research (CEPR) and University of Oxford - Said Business School
Downloads 39 (919,331)
Citation 22
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Financial conglomerate, capital regulation, regulatory arbitrage

6.

Bank Liquidity, Interbank Markets, and Monetary Policy

FRB of New York Staff Report No. 371, European Banking Center Discussion Paper No. 2010-08S, CentER Discussion Paper Series No. 2010-35S
Number of pages: 48 Posted: 22 May 2009 Last Revised: 08 Apr 2010
Xavier Freixas, Antoine Martin and David R. Skeie
Universitat Pompeu Fabra, Swiss National Bank and University of Warwick - Warwick Business School
Downloads 942 (52,448)
Citation 52

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bank liquidity, interbank markets, central bank policy, financial fragility, bank runs

7.

The Lender of Last Resort: A 21st Century Approach

Downloads 877 (57,952)
Citation 15

The Lender of Last Resort: A 21st Century Approach

Number of pages: 39 Posted: 19 Jan 2004
Xavier Freixas, Bruno Maria Parigi, Bruno Maria Parigi and Jean-Charles Rochet
Universitat Pompeu Fabra, University of Padua - Department of EconomicsCESifo (Center for Economic Studies and Ifo Institute) and University of Toulouse Capitole - Toulouse School of Economics
Downloads 641 (86,136)
Citation 3

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Lender of Last Resort, Interbank Market, Liquidity

The Lender of Last Resort: A 21st Century Approach

Number of pages: 30 Posted: 23 Jun 2004
Xavier Freixas and Bruno Parigi
Universitat Pompeu Fabra and Università degli Studi di Padova
Downloads 236 (270,231)
Citation 12

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Lender of Last Resort, Interbank Market, Liquidity

8.

Corporate Finance and the Monetary Transmission Mechanism

Downloads 777 (68,172)
Citation 23

Corporate Finance and the Monetary Transmission Mechanism

Number of pages: 48 Posted: 21 Nov 2000
Patrick Bolton and Xavier Freixas
Imperial College London and Universitat Pompeu Fabra
Downloads 735 (72,184)
Citation 8

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monetary transmission, asymmetric information, capital constraint

Corporate Finance and the Monetary Transmission Mechanism

Number of pages: 53 Posted: 01 Aug 2001
Patrick Bolton and Xavier Freixas
Imperial College London and Universitat Pompeu Fabra
Downloads 42 (891,931)
Citation 15
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Monetary policy, monetary policy, corporate finance, equity capital adequacy constraints

9.

Banking Competition and Stability: The Role of Leverage

Downloads 770 (68,973)
Citation 3

Banking Competition and Stability: The Role of Leverage

CentER Discussion Paper Series No. 2014-048, European Banking Center Discussion Paper Series No. 2014-009, WBS Finance Group Research Paper No. 222
Number of pages: 41 Posted: 29 Aug 2014 Last Revised: 26 Dec 2019
Xavier Freixas and Kebin Ma
Universitat Pompeu Fabra and University of Warwick - Finance Group
Downloads 520 (112,260)
Citation 1

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Banking Competition, Financial Stability, Leverage

Banking Competition and Stability: The Role of Leverage

Number of pages: 40 Posted: 23 Aug 2014
Xavier Freixas and Kebin Ma
Universitat Pompeu Fabra and University of Warwick - Finance Group
Downloads 249 (255,209)
Citation 2

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Banking Competition, Financial Stability, Leverage

Banking Competition and Stability: The Role of Leverage

CEPR Discussion Paper No. DP10121
Number of pages: 43 Posted: 30 Sep 2014
Xavier Freixas and Kebin Ma
Universitat Pompeu Fabra and University of Warwick - Finance Group
Downloads 1 (1,356,412)
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banking competition, financial stability, leverage

10.

Disclosure, Transparency, and Market Discipline

Number of pages: 42 Posted: 25 Nov 2011
Xavier Freixas and Christian Laux
Universitat Pompeu Fabra and Vienna University of Economics and Business
Downloads 628 (89,674)
Citation 16

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Mark-to-market, fair-value accounting, credit rating agencies, financial crisis, regulation, financial institutions, banks

11.

Banking Regulation and Prompt Corrective Action

Downloads 521 (113,673)
Citation 3

Banking Regulation and Prompt Corrective Action

CESifo Working Paper Series No. 2136
Number of pages: 36 Posted: 26 Feb 2007
Bruno Maria Parigi, Bruno Maria Parigi and Xavier Freixas
University of Padua - Department of EconomicsCESifo (Center for Economic Studies and Ifo Institute) and Universitat Pompeu Fabra
Downloads 263 (242,341)

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banking, prudential regulation, moral hazard

Banking Regulation and Prompt Corrective Action

21st Australasian Finance and Banking Conference 2008 Paper
Number of pages: 37 Posted: 30 Jun 2008
Xavier Freixas, Bruno Maria Parigi and Bruno Maria Parigi
Universitat Pompeu Fabra and University of Padua - Department of EconomicsCESifo (Center for Economic Studies and Ifo Institute)
Downloads 258 (246,163)
Citation 3

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banking, prudential regulation, moral hazard

12.

Lender of Last Resort and Bank Closure Policy

CESifo Working Paper Series No. 2286
Number of pages: 48 Posted: 29 Apr 2008
Xavier Freixas, Bruno Maria Parigi and Bruno Maria Parigi
Universitat Pompeu Fabra and University of Padua - Department of EconomicsCESifo (Center for Economic Studies and Ifo Institute)
Downloads 497 (120,060)
Citation 6

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lender of last resort, systemic risk, contagion, bank closure, liquidity, discount window

13.

Interbank Market Integration Under Asymmetric Information

Downloads 427 (143,854)
Citation 17

Interbank Market Integration Under Asymmetric Information

Number of pages: 32 Posted: 16 Aug 2001
Xavier Freixas and Cornelia Holthausen
Universitat Pompeu Fabra and European Central Bank (ECB)
Downloads 427 (142,324)
Citation 17

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Interbank lending, financial integration, interbank markets, multinational banks, Too-Big-To-Fail

Interbank Market Integration Under Asymmetric Information

The Review of Financial Studies, Vol. 18, Issue 2, pp. 459-490, 2005
Posted: 29 Feb 2008
Xavier Freixas
Universitat Pompeu Fabra

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14.

Monetary Policy in a Systemic Crisis

Downloads 404 (153,323)
Citation 5

Monetary Policy in a Systemic Crisis

Number of pages: 37 Posted: 10 Nov 2009
Xavier Freixas
Universitat Pompeu Fabra
Downloads 329 (190,693)
Citation 3

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monetary policy, financial crisis, lender of last resort, interbank market, liquidity

Monetary Policy in a Systemic Crisis

Number of pages: 39 Posted: 29 Oct 2009
Xavier Freixas
Universitat Pompeu Fabra
Downloads 75 (671,030)
Citation 2

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Monetary Policy in a Systemic Crisis

Oxford Review of Economic Policy, Vol. 25, Issue 4, pp. 630-653, 2009
Posted: 03 May 2010
Xavier Freixas
Universitat Pompeu Fabra

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lender of last resort, liquidity crisis, contagion, E58, G01, G28

15.

Conflicts of Interest, Information Provision and Competition in Banking

Downloads 387 (160,889)
Citation 1

Conflicts of Interest, Information Provision and Competition in Banking

Universitat Pompeu Fabra Economics and Business Working Paper No. 760
Number of pages: 45 Posted: 12 Jul 2004
Patrick Bolton, Xavier Freixas and Joel Shapiro
Imperial College London, Universitat Pompeu Fabra and Universitat Pompeu Fabra - Faculty of Economic and Business Sciences
Downloads 277 (228,909)

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Conflicts of interest, information provision, one-stop

Conflicts of Interest, Information Provision, and Competition in Banking

NBER Working Paper No. w10571
Number of pages: 46 Posted: 04 Jul 2004 Last Revised: 22 May 2022
Patrick Bolton, Xavier Freixas and Joel Shapiro
Imperial College London, Universitat Pompeu Fabra and Universitat Pompeu Fabra - Faculty of Economic and Business Sciences
Downloads 110 (522,819)
Citation 1

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16.

Public Development Banks and Credit Market Imperfections

Downloads 374 (167,120)
Citation 8

Public Development Banks and Credit Market Imperfections

Documento CEDE No. 2016-06
Number of pages: 46 Posted: 03 Feb 2016 Last Revised: 19 Sep 2018
Marcela Eslava and Xavier Freixas
University of the Andes (CEDE) and Universitat Pompeu Fabra
Downloads 294 (215,075)
Citation 1

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Public development banks; governmental loans and guarantees; costly screening; credit rationing.

Public Development Banks and Credit Market Imperfections

Number of pages: 43 Posted: 11 Oct 2018
Marcela Eslava and Xavier Freixas
University of the Andes (CEDE) and Universitat Pompeu Fabra
Downloads 73 (681,323)
Citation 3

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Public Development Banks, Governmental Loans and Guarantees, Costly Screening, Credit Rationing

Public Development Banks and Credit Market Imperfections

CEPR Discussion Paper No. DP11160
Number of pages: 43 Posted: 18 Apr 2016
Marcela Eslava and Xavier Freixas
University of the Andes (CEDE) and Universitat Pompeu Fabra
Downloads 7 (1,306,760)
Citation 4
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Costly screening, Credit rationing, Governmental loans and guarantees, Public development banks

17.

Post Crisis Challenges to Bank Regulation

Number of pages: 47 Posted: 21 Dec 2009
Xavier Freixas
Universitat Pompeu Fabra
Downloads 366 (171,248)

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Systemis risk, financial crisis, financial regulation

18.

Interbank Competition with Costly Screening

Downloads 276 (231,353)
Citation 5

Interbank Competition with Costly Screening

Oxford Financial Research Centre Working Paper No. 2005-FE-02
Number of pages: 25 Posted: 25 Jan 2005
Xavier Freixas, Sjaak Hurkens, Alan D. Morrison and Nir Vulkan
Universitat Pompeu Fabra, Institute for Economic Analysis-CSIC, University of Oxford - Said Business School and University of Oxford - Said Business School
Downloads 194 (324,554)
Citation 1

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Credit market, screening, banking, entry

Interbank Competition with Costly Screening

UPF Economics and Business Working Paper 802
Number of pages: 25 Posted: 16 Nov 2005
Xavier Freixas, Sjaak Hurkens, Alan D. Morrison and Nir Vulkan
Universitat Pompeu Fabra, Institute for Economic Analysis-CSIC, University of Oxford - Said Business School and University of Oxford - Said Business School
Downloads 82 (637,352)
Citation 4

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Interbank Competition, Screening, Credit Risk, Adverse Selection

19.

Relationship and Transaction Lending in a Crisis

Downloads 270 (236,586)
Citation 244

Relationship and Transaction Lending in a Crisis

Bank of Italy Temi di Discussione (Working Paper) No. 917
Number of pages: 77 Posted: 12 Jul 2013
Patrick Bolton, Xavier Freixas, Leonardo Gambacorta and Paolo Emilio Mistrulli
Imperial College London, Universitat Pompeu Fabra, Bank for International Settlements (BIS) and Bank of Italy
Downloads 124 (476,310)
Citation 2

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relationship banking, transaction banking, crisis

Relationship and Transaction Lending in a Crisis

BIS Working Paper No. 417
Number of pages: 68 Posted: 27 Feb 2014
Patrick Bolton, Xavier Freixas, Leonardo Gambacorta and Paolo Emilio Mistrulli
Imperial College London, Universitat Pompeu Fabra, Bank for International Settlements (BIS) and Bank of Italy
Downloads 79 (651,491)
Citation 6

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Relationship Banking, Transaction Banking, Crisis

Relationship and Transaction Lending in a Crisis

NBER Working Paper No. w19467
Number of pages: 67 Posted: 28 Sep 2013 Last Revised: 12 Mar 2023
Patrick Bolton, Xavier Freixas, Leonardo Gambacorta and Paolo Emilio Mistrulli
Imperial College London, Universitat Pompeu Fabra, Bank for International Settlements (BIS) and Bank of Italy
Downloads 65 (725,766)
Citation 216

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Relationship and Transaction Lending in a Crisis

CEPR Discussion Paper No. DP9662
Number of pages: 69 Posted: 24 Sep 2013
Patrick Bolton, Xavier Freixas, Leonardo Gambacorta and Paolo Emilio Mistrulli
Imperial College London, Universitat Pompeu Fabra, Bank for International Settlements (BIS) and Bank of Italy
Downloads 2 (1,347,670)
Citation 20
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crisis, relationship banking, transaction banking

20.

Conflicts of Interest and Credible Information Provision by Specialized and One-Stop Banks

Number of pages: 27 Posted: 21 Jul 2003
Xavier Freixas, Patrick Bolton and Joel Shapiro
Universitat Pompeu Fabra, Imperial College London and Universitat Pompeu Fabra - Faculty of Economic and Business Sciences
Downloads 207 (306,660)
Citation 1

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21.

Rules vs. Discretion in Times of Financial Liberalization

Number of pages: 41 Posted: 16 Feb 2009
Bruno Maria Parigi, Bruno Maria Parigi and Xavier Freixas
University of Padua - Department of EconomicsCESifo (Center for Economic Studies and Ifo Institute) and Universitat Pompeu Fabra
Downloads 113 (508,906)

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banking regulation, moral hazard, propmpt corrective actions

22.

The Gilded Bubble Buffer

Documento CEDE No. 2017-58
Number of pages: 40 Posted: 12 Nov 2017
Xavier Freixas and David Perez-Reyna
Universitat Pompeu Fabra and Universidad de los Andes, Colombia
Downloads 68 (696,402)

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Banks, Bubbles, Macroprudential Regulation

23.

The Gilded Bubble Buffer and Optimal Macroprudential Policy

Number of pages: 46 Posted: 01 Jan 2020
Xavier Freixas and David Perez-Reyna
Universitat Pompeu Fabra and Universidad de los Andes, Colombia
Downloads 51 (800,559)

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Bank, bubble, macroprudential regulation

24.

Does Local Credit Matter? The Spanish Case

Number of pages: 34 Posted: 29 Jan 2025
Xavier Freixas and LUZ MARY PINZON
Universitat Pompeu Fabra and Pompeu Fabra University
Downloads 10 (1,226,081)

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25.

Corporate Finance and the Monetary Transmission Mechanism

The Review of Financial Studies, Vol. 19, Issue 3, pp. 829-870, 2006
Posted: 29 Feb 2008
Xavier Freixas
Universitat Pompeu Fabra

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26.

The Role of Interbank Markets in Monetary Policy: A Model With Rationing

Journal of Money, Credit and Banking, Vol. 40, No. 6, pp. 1151-1176, 2008
Posted: 26 Jul 2007 Last Revised: 13 Feb 2009
Xavier Freixas and José Jorge
Universitat Pompeu Fabra and Universidade do Porto, Faculdade de Economia. CEF.UP

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Banking, Rationing, Monetary Policy

27.

Systemic Risk, Interbank Relations and Liquidity Provision by the Central Bank

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Systemic Risk, Interbank Relations and Liquidity Provision by the Central Bank

Posted: 07 May 2000
Xavier Freixas, Bruno Parigi and Jean-Charles Rochet
Universitat Pompeu Fabra, Università degli Studi di Padova and University of Toulouse Capitole - Toulouse School of Economics

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Systemic Risk, Interbank Relations and Liquidity Provision by the Central Bank

Posted: 21 May 2000
Xavier Freixas, Bruno Parigi and Jean-Charles Rochet
Universitat Pompeu Fabra, Università degli Studi di Padova and University of Toulouse Capitole - Toulouse School of Economics

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28.

Equity, Bonds, and Bank Debt: Capital Structure and Financial Market Equilibrium Under Asymmetric Information

Posted: 30 Mar 2000
Patrick Bolton and Xavier Freixas
Imperial College London and Universitat Pompeu Fabra

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29.

A Dilution Cost Approach to Financial Intermediation and Securities Markets

Posted: 13 Aug 1998
Patrick Bolton and Xavier Freixas
Imperial College London and Universitat Pompeu Fabra

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30.

Optimal Regulation of a Fully Insured Deposit Banking System

Posted: 21 Apr 1998
Gabillon Emmanuelle and Xavier Freixas
Bordeaux School of Economics and Universitat Pompeu Fabra

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31.

Contagion and Efficiency in Gross and Net Interbank Payment Systems

Downloads 0 (1,305,584)

Contagion and Efficiency in Gross and Net Interbank Payment Systems

Posted: 27 Aug 1996
Xavier Freixas and Bruno Parigi
Universitat Pompeu Fabra and Università degli Studi di Padova

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Contagion and Efficiency in Gross and Net Interbank Payment Systems

Posted: 06 Apr 1998
Xavier Freixas and Bruno Parigi
Universitat Pompeu Fabra and Università degli Studi di Padova

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