Rarely is the work of an academic as extensive as it is essential. Xavier Freixas is above all a theoretician in the financial sector, as can be seen in his prominent international academic curriculum and his significant contribution to banking supervision and regulation.
Xavier Freixas is an Economics graduate and holds a PhD in Economics from the University of Toulouse (1978). He is currently the Head of Department of Economics and Business at Pompeu Fabra University and a financial economics professor and director of the MBA in Finance programme at the Barcelona Graduate School of Economics, the MBA in Banking and Finance programme and the MBA in Financial Markets programme at the Barcelona School of Management (UPF).
He combines his work as a teacher with his responsibilities as a consultant. He thus chaired the “Risk Based Regulation” programme for the Global Association of Risk Professionals (GARP), a non-profit organisation that is internationally renowned by risk managers. GARPs objective is to help to create a culture of awareness of the risks within organisations and promote best practices in managing risk and supporting the continued professional development and careers of risk managers.
He is also chairman of the Social Sciences section of the Commission for Science Evaluation.
As a professional in the world of science, Freixas has been an advisor to the World Bank (Washington), the national Energy Commission (Madrid), the Inter-American Development Bank (Washington), the Federal Reserve Bank of New York and the Central European Bank. He was also Chairman of the European Finance Association (EFA), whose objective is to provide a professional society for academics and professionals with an interest in financial management, financial theory and its application. The EFA serves as a focal point for communication for members who reside in Europe and abroad. It also provides a framework for improved information dissemination and research at an international level.
His work as a researcher is focused on economic analysis in banking and finance. His work addresses banking theory, bank and financial markets regulation and financial crises, using rigorous analysis and updating financial intermediation microeconomic theories.
Xavier Freixas is published in prestigious international journals such as the Journal of Political Economy, Econometrica, Review of Financial Studies and Journal of Financial Economics. He is also the associate editor of the Journal of Financial Intermediation and the Journal of Financial Services Research, and a member of the editorial board for the Spanish Economic Review.
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ResearchRECENT RESEARCH THESES
“Asymmetric information and allocating resources in financial markets”. Pompeu Fabra University, 2011-2014. Main researcher.
“Institutions and financial assets in asymmetric information”. Pompeu Fabra University, 2005-2008.
“Financial decisions with imperfect information”. Pompeu Fabra University, 2002-2005. Main researcher.
1- The Credit Ratings Game. Patrick Boltom, Xavier Freixas and Joel Shapiro. May 2010. The Journal of Finance, Volume 67, Issue 1, February 2012, Pages: 85-112
2- Banking, finance, and the role of the state. Oxford Review of Economic Policy, Autumn 2011; 27: 397-410. (with Colin Mayer)
3- Bank resolution: a framework for the assessment of regulatory intervention (with Mathias Dewatripont) Oxford Review of Economic Policy, Autumn 2011; 27: 411-436.
4- Bank Liquidity, Interbank Markets and Monetary Policy. Xavier Freixas, Antoine Martin and David Skeie. The Review of Financial Studies, 24 (8): 2656-2692.
5- Post-crisis challenges to bank regulation, Economic Policy. (62), p. 375-399, 2010.
6- Monetary Policy in a Systemic Crisis, Oxford Review of Economic Policy, Vol 25 (4), p. 630-653, 2010.
AWARDS AND DISTINCTIONS
Award from the Catalonia Institut d’Estudis Financers (IEF) for Financial Excellence in the Academic Career (2013)
Barclays Global Investors (BGI) Michael Brennan Award for the best article published in The Review of Financial Studies (2006)
Distinction from the Catalonia Regional Government for promoting university research (2002)
Jacobs Prize for the best research document (1998) in the Journal of Financial Intermediation.