Margarita Sanmartín

Margarita Samartín is a Tenured Professor of Financial Economics in the Department of Business Economics at the Universidad Carlos III de Madrid. She holds a European Doctorate in Quantitative Economics from CORE (Catholic University of Louvain, Belgium), the London School of Economics (England), DELTA (France) and the University of Bonn (Germany). She also holds a Master's degree in Economic Sciences from the Catholic University of Louvain (Belgium) and a degree in Economic and Business Sciences from the University of Cantabria. She teaches Financial Economics and Banking at the undergraduate and postgraduate levels.

Margarita has focused her research on the field of banking economics, and in particular has studied the role of banks in the economy, financial crises and banking regulation. Her works have been published in international journals such as Review of Finance, Journal of Banking and Finance, Geneva Papers on Risk and Insurance Theory, Journal of Financial Stability and Financial Markets, Institutions and Instruments.

Currently, Margarita is the director of the Master's Degree in Actuarial and Financial Sciences at the Universidad Carlos III de Madrid. She is also the deputy director of the Specialization Course in Telecommunications Economics, within the Master's Degree in Industrial Economics at the Universidad Carlos III de Madrid.

Hasman, A. & Samartín, M.: “Capital and liquidity in a Dynamic Model of Banking”, Economic Modelling vol. 64, August 2017, 172–177

Samartín, M., Cabrera, M. & Dwyer, G.: “Government finances and bank bailouts: Evidence from European Stock markets”, Journal of Empirical Finance vol. 39, December 2016, 169-179

García-Palacios, J.H., Hasman, A. & Samartín, M. “Banking crises and government intervention”, Journal of Financial Stability vol. 15, December 2014, 32-42

Van Bommel, J., Hasman, A. & Samartín, M.: “Financial Intermediation in an Overlapping Generations Model with Transaction Costs”, Journal of Economic Dynamics and Control vol. 45, August 2014, 111-125

Van Bommel, J., Hasman, A. & Samartín, M.: “Financial Contagion and Depositor Monitoring”, Journal of Banking and Finance vol. 37 (8), August 2007, 3076-3084

López, A.L., Hasman, A. & Samartín, M.: “Government, taxes and banking crises”, Journal of Banking and Finance vol. 35 (10), October 2011, 2761-2770

Samartín, M. & Dywer, G. “Why do banks promise to pay par on demand?”, Journal of Financial Stability, vol. 5 (2), June 2009, 147-169

Hasman, A. & Samartín, M.: “Information Acquisition and Financial Contagion”, Journal of Banking and Finance vol. 32 (10), October 2008, 2136-2147

Samartín, M, Cardone, C. & Bustamante, R. “Was the Argentine corralito an efficient measure?: a note”, International Review of Economics and Finance vol. 16 (3), December 2007, 444-453

Samartín, M. “Comment on: Bank Runs, Welfare and Policy Implications”, Journal of Financial Stability, vol. 1 (3), April 2005, 426-432

Samartín, M. “Should bank runs be prevented?”, Journal of Banking and Finance vol. 27 (5), May 2003, 977-1000

Samartín, M., Álvarez, M.J., Cardone, C., Lado, N.: "Financial Service Firms’ Entry-Mode Choice and Cultural Diversity: Spanish Companies in Latin America", International Journal of Bank Marketing vol. 21 (3), June 2003, 109-121

Samartín, M.: “On the optimality of bank runs: a comment on Allen and Gale”, Geneva Papers on Risk and Insurance Theory vol.28 (1), June 2003, 33-57

Samartín, M.: “Suspension of convertibility versus deposit insurance: a welfare comparison”, Review of Finance (former European Finance Review) vol. 6 (2), 2002, 223-244

Samartín, M. “Banks Increase Welfare”, Financial Markets, Institutions and Instruments vol. 10 (5), April 2002, 203-233

Peña, J.I , Mayoral, S. and Rodríguez, R. “Cannibalization, depredation, and market remuneration of power plants”, Energy Policy, 2022

Peña, J.I and Rodríguez, R. " Market Makers and Liquidity Premium in Electricity Futures Markets (2022). The energy Journal, 43 (2)

Peña, J.I & Mayoral, S. and Rodríguez, R. “Tail Risk of Electricity Futures” , Energy Economics, 2020

Peña, J.I and Rodríguez, R. "Are EU’s Climate and Energy Package 20-20-20 targets achievable and compatible? Evidence from the impact of renewables on electricity prices " Energy, 183, pages 477-486 , 2019,

Rodríguez, R. and Peña, J.I.: “Default supply auctions in electricity markets: Challenges and proposals”, Energy Policy vol. 122, November 2018, 142-151

Rodríguez, R., Moreno J.D. & Zambrana, R.: “Management Sub-Advising in the Mutual Fund Industry”, Journal of Financial Economics, vol. 127 (3), March 2018, 567-587

Peña, J.I and Blanco Ivan and Rodríguez, R. “Modelling Electricity Swaps with Stochastic Forward Premium Models” ( 2018), The Energy Journal, vol. 39 (2)

Rodríguez, R. & Peña, I.: "Time-Zero Efficiency of European Power Derivatives Markets”, Energy Policy vol. 95, August 2016, 253-268

Rodríguez, R. & Rubio, G.: “Teaching Quality and Academic Research”, International Review of Economics Education vol. 23, September 2016, 10-27

Rodríguez, R, Moreno, J.D. & Malagón, J.: “The Idiosyncratic Volatility Anomaly: Corporate Investment or Investor Mispricing?”, Journal of Banking and Finance vol. 60, November 2015, 224-238

Rodríguez, R. & Nieto, B.: “Corporate stock and bond return correlations and dynamic adjustments of capital structure”, Journal of Business Finance and Accounting vol. 42 (5-6), June-July 2015, 705–746

Rodríguez, R., Moreno, J.D. & Matallín-Sáez, J.C.: “Why is timing perverse?”, The European Journal of Finance, vol. 21, 2015, 1334-1356

Rodríguez, R., Moreno, J.D. & Malagón, J.: “Time horizon trading and the idiosyncratic risk puzzle”, Quantitative Finance, vol. 15 (2), 2015, 327-343

Rodríguez, R., Moreno, J.D. & Cáceres, E.: “A study on short-selling constraints: total ban versus partial ban”, Applied Economics Letters vol. 22 (2), 2015, 99-103

Rodríguez, R., Moreno, J.D. & Wang, C.:“Accurately Measuring Gold Mutual Fund Performance”, Applied Economics Letters, vol. 21 (4), 2014, 268-271

Rodríguez, R.& Moreno, J.D.: “Optimal Diversification across Mutual Funds”, Applied Financial Economics vol. 23 (2), 2013, 199-203

Rodríguez, R. & Moreno, J.D.: “The value of coskewness in mutual fund performance evaluation”, Journal of Banking & Finance vol. 33, 2009, 1664–1676

Rodríguez, R. & Peña, I.: "On the economic link between asset prices and real activity”, Journal of Business Finance and Accounting vol. 34 (5-6), June-July 2007, 889-916

Rodríguez, R. & Nieto, B.: “The consumption-wealth and Book-to Market ratios
in a Dynamic asset-pricing context”, Spanish
Economic Review vol. 9, 2006

Rodríguez, R. & Moreno, J.D.: “Performance Evaluation considering the Coskewness: A Stochastic Discount Factor Framework”, Managerial Finance vol. 32 (4), 2006, 375-392

Rodríguez, R. & Restoy, F.: "Can Fundamentals
Explain Cross-Country Correlations of Asset Returns? ”, Review of World Economics, vol. 142 (3), 2006

Rodríguez, R. & Nieto, B.: “Los
Modelos de Valoración de Activos Condicionales: un Panorama Comparativo
Ilustrado con Datos Españoles” (2005) Investigaciones Económicas, vol. 29 (1), 2004

Rodríguez, R., Restoy, F. & Oeña, I.: “Can Output Explain the
Predictability and Volatility of Stock Returns?”, Journal of International Money and Finance vol. 21 (2), April 2002, 163-182