Details about Javier Suárez

E-mail:
Homepage:	http://www.cemfi.es/~suarez
Workplace:	Centre for Economic Policy Research (CEPR), (more information at EDIRC) Centro de Estudios Monetarios y Financieros (CEMFI) (Center for Monetary and Financial Studies), (more information at EDIRC)

Access statistics for papers by Javier Suárez.

Last updated 2024-11-06. Update your information in the RePEc Author Service.

Short-id: psu92

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Working Papers

2024

1. A macroeconomic model of banks’ systemic risk taking
   Working Papers, Banco de España
2. Addressing banks’ vulnerability to deposit runs: revisiting the facts, arguments and policy options
   Report of the Advisory Scientific Committee, European Systemic Risk Board View citations (1)

2023

3. Bank restructuring under asymmetric information: The role of bad loan sales
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   See also Journal Article Bank restructuring under asymmetric information: The role of bad loan sales, Journal of Financial Intermediation, Elsevier (2023) View citations (1) (2023)
4. Corporate credit and leverage in the EU: recent evolution, main drivers and financial stability implications
   Report of the Advisory Scientific Committee, European Systemic Risk Board

2022

5. Using growth-at-risk to assess the stance of macroprudential policy
   CEPR Discussion Papers, C.E.P.R. Discussion Papers

2021

6. Growth-at-risk and macroprudential policy design JEL Classification: G01, G20, G28
   ESRB Occasional Paper Series, European Systemic Risk Board View citations (1)
7. On the Interaction between Patent Screening and its Enforcement
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
8. On the stance of macroprudential policy
   Report of the Advisory Scientific Committee, European Systemic Risk Board View citations (4)

2020

9. Bank capital forbearance and serial gambling
   Discussion Papers, Deutsche Bundesbank View citations (1)
10. Twin Default Crises
    Working Papers, FEDEA View citations (2)
    Also in Working Papers, CEMFI (2020) View citations (4)
11. Twin Defaults and Bank Capital Requirements
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    Also in Working Paper Series, European Central Bank (2020) View citations (3)

2019

12. Bank Capital Forbearance
    Working Papers, CEMFI View citations (7)
    Also in ESRB Working Paper Series, European Systemic Risk Board (2019) View citations (7)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (8)
13. Bank capital in the short and in the long run
    Working Paper Series, European Central Bank View citations (14)
    Also in Working Papers, CEMFI (2018) View citations (2)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (3)
    See also Journal Article Bank capital in the short and in the long run, Journal of Monetary Economics, Elsevier (2020) View citations (37) (2020)
14. Optimally Solving Banks' Legacy Problems
    Working Papers, CEMFI
    Also in ESRB Working Paper Series, European Systemic Risk Board (2019)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019)
    Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (2019) View citations (2)

2018

15. Approaching non-performing loans from a macroprudential angle
    Report of the Advisory Scientific Committee, European Systemic Risk Board View citations (5)
16. The Procyclicality of Expected Credit Loss Provisions
    Working Papers, CEMFI View citations (22)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (22)

2017

17. Assessing the cyclical implications of IFRS 9 – a recursive model
    ESRB Occasional Paper Series, European Systemic Risk Board View citations (22)
18. Equity versus Bail-in Debt in Banking: An Agency Perspective
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (11)
    Also in Working Papers, CEMFI (2017) View citations (7)
19. Optimal Dynamic Capital Requirements
    2017 Meeting Papers, Society for Economic Dynamics View citations (7)
    Also in Working Papers, CEMFI (2016) View citations (21)
    See also Journal Article Optimal Dynamic Capital Requirements, Journal of Money, Credit and Banking, Blackwell Publishing (2018) View citations (72) (2018)

2016

20. How Excessive Is Banks' Maturity Transformation?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (16)
    Also in Working Papers, CEMFI (2016) View citations (2)
    ESRB Working Paper Series, European Systemic Risk Board (2016) View citations (2)
    Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (2016) View citations (2)
    See also Journal Article How Excessive Is Banks’ Maturity Transformation?, The Review of Financial Studies, Society for Financial Studies (2017) View citations (8) (2017)
21. Too late, too sudden: Transition to a low-carbon economy and systemic risk
    Report of the Advisory Scientific Committee, European Systemic Risk Board View citations (21)

2015

22. Capital Regulation in a Macroeconomic Model with Three Layers of Default
    Working Papers, Banco de Portugal, Economics and Research Department View citations (194)
    Also in Working Papers, CEMFI (2014) View citations (42)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (26)
    Working Paper Series, European Central Bank (2015) View citations (201)
    Working papers, Banque de France (2014) View citations (31)
    See also Journal Article Capital Regulation in a Macroeconomic Model with Three Layers of Default, International Journal of Central Banking, International Journal of Central Banking (2015) View citations (192) (2015)

2014

23. How Liquidity Standards Can Improve Lending of Last Resort Policies
    Liberty Street Economics, Federal Reserve Bank of New York

2012

24. A Macroeconomic Model of Endogenous Systemic Risk Taking
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (43)
25. The Procyclical Effects of Bank Capital Regulation
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (49)
    Also in Discussion Paper, Tilburg University, Center for Economic Research (2010) View citations (6)
    Working Papers, CEMFI (2012) View citations (44)
    See also Journal Article The Procyclical Effects of Bank Capital Regulation, The Review of Financial Studies, Society for Financial Studies (2013) View citations (184) (2013)

2011

26. A Pigovian Approach to Liquidity Regulation
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (146)
    Also in Tinbergen Institute Discussion Papers, Tinbergen Institute (2011) View citations (135)
    See also Journal Article A Pigovian Approach to Liquidity Regulation, International Journal of Central Banking, International Journal of Central Banking (2011) View citations (142) (2011)
27. Dinamic Maturity Transformation
    Working Papers, CEMFI View citations (10)
28. Interest Rates and Credit Risk
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
    See also Journal Article Interest Rates and Credit Risk, Journal of Money, Credit and Banking, Blackwell Publishing (2015) View citations (5) (2015)
29. Liquidity shocks, roll-over risk and debt maturity
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)

2010

30. Entrepreneurial Innovation, Patent Protection and Industry Dynamics
    Working Papers, CEMFI View citations (1)
31. The Spanish Crisis: Background and Policy Challenges
    Working Papers, CEMFI View citations (7)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (9)

2009

32. The Macroeconomics of Money Market Freezes
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
    Also in Working Papers, CEMFI (2009) View citations (1)

2008

33. Financially Constrained Innovation, Patent Protection, and Industry Dynamics
    2008 Meeting Papers, Society for Economic Dynamics View citations (1)
34. The Procyclical Effects of Basel II
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (60)
    Also in Working Papers, CEMFI (2008) View citations (79)

2007

35. Firms' Stakeholders and the Costs of Transparency
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Journal Article Firms' Stakeholders and the Costs of Transparency, Journal of Economics & Management Strategy, Wiley Blackwell (2009) View citations (7) (2009)
    Chapter Firms' Stakeholders and the Costs of Transparency, NBER Chapters, National Bureau of Economic Research, Inc (2007) View citations (3) (2007)

2006

36. Hot and Cold Housing Markets: International Evidence
    Working Papers, CEMFI View citations (43)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (37)

2005

37. Financing and the Protection of Innovators
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
    Also in Working Papers, CEMFI (2005)

2004

38. Financial Distress, Bankruptcy Law and the Business Cycle
    OFRC Working Papers Series, Oxford Financial Research Centre
    Also in Economics Series Working Papers, University of Oxford, Department of Economics (2004)
    See also Journal Article Financial distress, bankruptcy law and the business cycle, Annals of Finance, Springer (2007) View citations (10) (2007)
39. Social Contacts and Occupational Choice
    Working Papers, CEMFI View citations (22)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (23)
    2004 Meeting Papers, Society for Economic Dynamics (2004) View citations (55)
    See also Journal Article Social Contacts and Occupational Choice, Economica, London School of Economics and Political Science (2010) View citations (135) (2010)
40. Stakeholders, Transparency and Capital Structure
    Working Papers, CEMFI View citations (2)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (8)
    NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations (1)

2003

41. Loan Pricing Under Basel Capital Requirements
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (11)
    Also in Working Papers, CEMFI (2003) View citations (3)
    See also Journal Article Loan pricing under Basel capital requirements, Journal of Financial Intermediation, Elsevier (2004) View citations (146) (2004)

2002

42. Business Creation and the Stock Market
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (13)
    Also in Working Papers, CEMFI (2000) View citations (4)
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society (2000) View citations (12)
    Working Papers, Centro de Estudios Monetarios Y Financieros- (2000) View citations (10)
    See also Journal Article Business Creation and the Stock Market, The Review of Economic Studies, Review of Economic Studies Ltd (2004) View citations (67) (2004)
43. Incomplete Wage Posting
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
    Also in Working Papers, CEMFI (2002)
    See also Journal Article Incomplete Wage Posting, Journal of Political Economy, University of Chicago Press (2006) View citations (58) (2006)

2001

44. Last Bank Standing: What Do I Gain If You Fail?
    Working Papers, CEMFI View citations (3)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) View citations (8)
    See also Journal Article Last bank standing: What do I gain if you fail?, European Economic Review, Elsevier (2002) View citations (114) (2002)
45. Managerial Compensation and the Market Reaction to Bank Loans
    Working Papers, CEMFI
    Also in Working Papers, Centro de Estudios Monetarios Y Financieros- (2001)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2000) View citations (1)
    See also Journal Article Managerial Compensation and the Market Reaction to Bank Loans, The Review of Financial Studies, Society for Financial Studies (2003) View citations (8) (2003)

2000

46. Optimal Corporate Governance Structures
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society View citations (1)
    Also in Working Papers, CEMFI (1999) View citations (1)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2000) View citations (1)
    Working Papers, Centro de Estudios Monetarios Y Financieros- (1999) View citations (1)

1999

47. Entrepreneurial Moral Hazard and Bank Monitoring: A Model of the Credit Channel
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    Also in Working Papers, Centro de Estudios Monetarios Y Financieros- (1996) View citations (12)
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1999) View citations (2)
    Working Papers, CEMFI (1996)
    See also Journal Article Entrepreneurial moral hazard and bank monitoring: A model of the credit channel, European Economic Review, Elsevier (2000) View citations (90) (2000)
48. Venture Capital Finance: A Security Design Approach
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (24)
    Also in Working Papers, Centro de Estudios Monetarios Y Financieros- (1998) View citations (19)
    Working Papers, CEMFI (1998) View citations (18)
    See also Journal Article Venture Capital Finance: A Security Design Approach, Review of Finance, Springer (2004) View citations (149) (2004)

1997

49. A Stylized Model of Financially-Driven Business Cycles
    Working Papers, CEMFI View citations (2)
    Also in Working Papers, Centro de Estudios Monetarios Y Financieros- (1997) View citations (3)
50. Capital Budgeting and Stock Option Plans
    Working Papers, CEMFI View citations (1)
51. Endogenous Cycles in a Stiglitz-Weiss Economy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (48)
    Also in Working Papers, CEMFI (1995) View citations (1)
    Working Papers, Centro de Estudios Monetarios Y Financieros- (1995)
    See also Journal Article Endogenous Cycles in a Stiglitz-Weiss Economy, Journal of Economic Theory, Elsevier (1997) View citations (45) (1997)

1996

52. Monitoring, Liquidation, and Security Design
    Working Papers, Banca Italia - Servizio di Studi View citations (1)
    Also in Working Papers, CEMFI (1995)
    Working Papers, Centro de Estudios Monetarios Y Financieros- (1995)
    See also Journal Article Monitoring, Liquidation, and Security Design, The Review of Financial Studies, Society for Financial Studies (1998) View citations (66) (1998)

1995

53. Credit Market and Real Economic Growth Activity: A Model of Financial Intermediation
    Working Papers, Centro de Estudios Monetarios Y Financieros- View citations (3)
54. Credit Markets and Real Economic Activity: A Model of Financial Intermediation (New Version: See CEMFI WP 9604)
    Working Papers, CEMFI

1993

55. Banking Regulation in an Equilibrium Model
    Working Papers, CEMFI View citations (1)

1992

56. Seguro de depósitos y comportamiento bancario: Un análisis basado en la teoría de opciones
    Working Papers, CEMFI
    Also in DE - Documentos de Trabajo. Economía. DE, Universidad Carlos III de Madrid. Departamento de Economía (1992)

1991

57. Economías de escala, poder de mercado y externalidades: Medición de las fuentes del crecimiento español
    Working Papers, CEMFI

Journal Articles

2023

1. Bank restructuring under asymmetric information: The role of bad loan sales
   Journal of Financial Intermediation, 2023, 56, (C) View citations (1)
   See also Working Paper Bank restructuring under asymmetric information: The role of bad loan sales, CEPR Discussion Papers (2023) (2023)

2022

2. Capital forbearance in the bank recovery and resolution game
   Journal of Financial Economics, 2022, 146, (3), 884-904 View citations (1)
3. Growth-at-risk and macroprudential policy design
   Journal of Financial Stability, 2022, 60, (C) View citations (11)

2021

4. How much capital should banks hold?
   Research Bulletin, 2021, 80 View citations (2)

2020

5. Bank capital in the short and in the long run
   Journal of Monetary Economics, 2020, 115, (C), 64-79 View citations (37)
   See also Working Paper Bank capital in the short and in the long run, Working Paper Series (2019) View citations (14) (2019)

2019

6. Liquidity standards and the value of an informed lender of last resort
   Journal of Financial Economics, 2019, 132, (2), 351-368 View citations (7)

2018

7. Optimal Dynamic Capital Requirements
   Journal of Money, Credit and Banking, 2018, 50, (6), 1271-1297 View citations (72)
   See also Working Paper Optimal Dynamic Capital Requirements, 2017 Meeting Papers (2017) View citations (7) (2017)

2017

8. How Excessive Is Banks’ Maturity Transformation?
   The Review of Financial Studies, 2017, 30, (10), 3538-3580 View citations (8)
   See also Working Paper How Excessive Is Banks' Maturity Transformation?, CEPR Discussion Papers (2016) View citations (16) (2016)

2015

9. Capital Regulation in a Macroeconomic Model with Three Layers of Default
   International Journal of Central Banking, 2015, 11, (3), 9-63 View citations (192)
   See also Working Paper Capital Regulation in a Macroeconomic Model with Three Layers of Default, Working Papers (2015) View citations (194) (2015)
10. Interest Rates and Credit Risk
    Journal of Money, Credit and Banking, 2015, 47, (2-3), 445-480 View citations (5)
    See also Working Paper Interest Rates and Credit Risk, CEPR Discussion Papers (2011) View citations (5) (2011)

2014

11. Macroprudential capital tools: assessing their rationale and effectiveness
    Financial Stability Review, 2014, (18), 183-194 View citations (3)

2013

12. The Procyclical Effects of Bank Capital Regulation
    The Review of Financial Studies, 2013, 26, (2), 452-490 View citations (184)
    See also Working Paper The Procyclical Effects of Bank Capital Regulation, CEPR Discussion Papers (2012) View citations (49) (2012)

2012

13. Patent Litigation and the Role of Enforcement Insurance
    Review of Law & Economics, 2012, 8, (3), 789-821 View citations (6)

2011

14. A Pigovian Approach to Liquidity Regulation
    International Journal of Central Banking, 2011, 7, (4), 3-41 View citations (142)
    See also Working Paper A Pigovian Approach to Liquidity Regulation, CEPR Discussion Papers (2011) View citations (146) (2011)

2010

15. Deposit insurance and money market freezes
    Journal of Monetary Economics, 2010, 57, (1), 45-61 View citations (60)
16. Social Contacts and Occupational Choice
    Economica, 2010, 77, (305), 20-45 View citations (135)
    See also Working Paper Social Contacts and Occupational Choice, Working Papers (2004) View citations (22) (2004)
17. The Pending Challenges in Global Financial Regulation Reform
    Margin: The Journal of Applied Economic Research, 2010, 4, (2), 241-253 View citations (1)

2009

18. Firms' Stakeholders and the Costs of Transparency
    Journal of Economics & Management Strategy, 2009, 18, (3), 871-900 View citations (7)
    See also Working Paper Firms' Stakeholders and the Costs of Transparency, NBER Working Papers (2007) View citations (5) (2007)
    Chapter Firms' Stakeholders and the Costs of Transparency, NBER Chapters, 2007 (2007) View citations (3) (2007)

2007

19. Financial distress, bankruptcy law and the business cycle
    Annals of Finance, 2007, 3, (1), 5-35 View citations (10)
    See also Working Paper Financial Distress, Bankruptcy Law and the Business Cycle, OFRC Working Papers Series (2004) (2004)

2006

20. Incomplete Wage Posting
    Journal of Political Economy, 2006, 114, (6), 1098-1123 View citations (58)
    See also Working Paper Incomplete Wage Posting, CEPR Discussion Papers (2002) View citations (5) (2002)

2004

21. Business Creation and the Stock Market
    The Review of Economic Studies, 2004, 71, (2), 459-481 View citations (67)
    See also Working Paper Business Creation and the Stock Market, CEPR Discussion Papers (2002) View citations (13) (2002)
22. Loan pricing under Basel capital requirements
    Journal of Financial Intermediation, 2004, 13, (4), 496-521 View citations (146)
    See also Working Paper Loan Pricing Under Basel Capital Requirements, CEPR Discussion Papers (2003) View citations (11) (2003)
23. Venture Capital Finance: A Security Design Approach
    Review of Finance, 2004, 8, (1), 75-108 View citations (149)
    Also in Review of Finance, 2004, 8, (1), 75-108 (2004) View citations (138)
    See also Working Paper Venture Capital Finance: A Security Design Approach, CEPR Discussion Papers (1999) View citations (24) (1999)

2003

24. Entrenchment and Severance Pay in Optimal Governance Structures
    Journal of Finance, 2003, 58, (2), 519-547 View citations (119)
25. Managerial Compensation and the Market Reaction to Bank Loans
    The Review of Financial Studies, 2003, 16, (1), 237-261 View citations (8)
    See also Working Paper Managerial Compensation and the Market Reaction to Bank Loans, Working Papers (2001) (2001)

2002

26. Last bank standing: What do I gain if you fail?
    European Economic Review, 2002, 46, (9), 1599-1622 View citations (114)
    See also Working Paper Last Bank Standing: What Do I Gain If You Fail?, Working Papers (2001) View citations (3) (2001)

2000

27. Entrepreneurial moral hazard and bank monitoring: A model of the credit channel
    European Economic Review, 2000, 44, (10), 1931-1950 View citations (90)
    See also Working Paper Entrepreneurial Moral Hazard and Bank Monitoring: A Model of the Credit Channel, CEPR Discussion Papers (1999) View citations (2) (1999)

1999

28. Financial Distress and the Business Cycle
    Oxford Review of Economic Policy, 1999, 15, (3), 39-51 View citations (8)

1998

29. Monitoring, Liquidation, and Security Design
    The Review of Financial Studies, 1998, 11, (1), 163-87 View citations (66)
    See also Working Paper Monitoring, Liquidation, and Security Design, Working Papers (1996) View citations (1) (1996)
30. Risk-taking and the prudential regulation of banks
    Investigaciones Economicas, 1998, 22, (3), 307-336 View citations (5)

1997

31. Endogenous Cycles in a Stiglitz-Weiss Economy
    Journal of Economic Theory, 1997, 76, (1), 47-71 View citations (45)
    See also Working Paper Endogenous Cycles in a Stiglitz-Weiss Economy, CEPR Discussion Papers (1997) View citations (48) (1997)

Chapters

2020

1. IFRS 9 and COVID-19: Delay and freeze the transitional arrangements clock
   Chapter 1 in Europe in the Time of Covid-19, 2020, vol. 1, pp 98-103 View citations (2)

2013

2. The Socially Optimal Level of Capital Requirements: A View from Two Papers
   Chapter 14 in The Social Value of the Financial Sector Too Big to Fail or Just Too Big?, 2013, pp 257-266

2007

3. Firms' Stakeholders and the Costs of Transparency
   A chapter in Entrepreneurship: Strategy and Structure, 2007 View citations (3)
   See also Journal Article Firms' Stakeholders and the Costs of Transparency, Wiley Blackwell (2009) View citations (7) (2009)
   Working Paper Firms' Stakeholders and the Costs of Transparency, National Bureau of Economic Research, Inc (2007) View citations (5) (2007)