{"id":5385,"date":"2025-05-14T07:38:57","date_gmt":"2025-05-14T05:38:57","guid":{"rendered":"https:\/\/indem.uc3m.es\/members\/david-martinez-miera\/"},"modified":"2026-10-22T12:50:16","modified_gmt":"2026-10-22T10:50:16","slug":"david-martinez-miera","status":"publish","type":"members","link":"https:\/\/indem.uc3m.es\/en\/members\/david-martinez-miera\/","title":{"rendered":"David Martinez-Miera"},"content":{"rendered":"<p><img decoding=\"async\" width=\"160\" height=\"160\" src=\"https:\/\/indem.uc3m.es\/wp-content\/uploads\/2025\/05\/perfil-1448750960.jpg\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<ul>\n<li>\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"mailto:%20david.martinez@uc3m.es\"><\/p>\n<p>\t\t\t\t\t\t\t\t\t\tEmail: david.martinez@uc3m.es<br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n<li>\n<p>\t\t\t\t\t\t\t\t\t\tAddress \/ office: C\/ Madrid, 126 &#8211; 28903 Getafe (Madrid) Spain \/ 6.0.32\n\t\t\t\t\t\t\t\t\t<\/li>\n<li>\n<p>\t\t\t\t\t\t\t\t\t\tPhone \/ fax: (34) 91 624 96 13\n\t\t\t\t\t\t\t\t\t<\/li>\n<li>\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/www.martinezmiera.com\/\" target=\"_blank\" rel=\"noopener\"><\/p>\n<p>\t\t\t\t\t\t\t\t\t\tPersonal website<br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n<li>\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/indem.uc3m.es\/wp-content\/uploads\/2025\/05\/cv_1448751190.pdf\"><\/p>\n<p>\t\t\t\t\t\t\t\t\t\tCV<br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n<\/ul>\n<p>\t\t\t\t<a href=\"https:\/\/x.com\/uc3m_business?lang=es\" tabindex=\"-1\" aria-label=\"BUSINESS UC3M\"><br \/>\n\t\t\t\t\t\t\t\t<\/a><\/p>\n<h3>\n\t\t\t\t\t\t<a href=\"https:\/\/x.com\/uc3m_business?lang=es\"><br \/>\n\t\t\t\t\t\t\tBUSINESS UC3M\t\t\t\t\t\t<\/a><br \/>\n\t\t\t\t\t<\/h3>\n<p>\n\t\t\t\t\t\t@UC3M_BUSINESS\t\t\t\t\t<\/p>\n<h2>Education<\/h2>\n<p>PhD in Economics, CEMFI and UIMP, Spain, 2009 (Main advisor Rafael Repullo)<\/p>\n<p>Visiting: New York University, USA, Jan &#8211; Jun 2008 (advisor Douglas Gale)<\/p>\n<p>Universit\u00e4t Mannheim, Germany, Sep &#8211; Dec 2007 (advisor Ernst-Ludwig von Thadden)<\/p>\n<p>MSc in Economics and Finance, CEMFI, Madrid, Spain, 2006.<\/p>\n<p>BA in Business Administration, University of La Rioja, Spain, 2004.<\/p>\n<h2>Research Interests<\/h2>\n<p>Banking, Corporate Finance, Macrofinance, Microfinance, Finance<\/p>\n<h2>Selected publications<\/h2>\n<p style=\"font-weight: 500\">Mart\u00ednez-Miera, D. &amp; Repullo, R.: \u201c<a href=\"https:\/\/onlinelibrary.wiley.com\/doi\/abs\/10.3982\/ECTA14057\" target=\"_blank\" rel=\"noopener\">Search for Yield<\/a>\u201d <b><i>Econometrica <\/i><\/b>vol. 85 (2), March 2017, 351-378 <\/p>\n<p style=\"font-weight: 500\">Mart\u00ednez-Miera, Allen. J &amp; Damar, E. H.: \u201c<a href=\"https:\/\/academic.oup.com\/rof\/article\/20\/4\/1289\/1752993\" target=\"_blank\" rel=\"noopener\">Consumer Bankruptcy, Bank Mergers and Information<\/a>\u201d <b><i>Review of Finance<\/i><\/b> vol. 20 (4), July 2016, 1289-1320 <\/p>\n<p style=\"font-weight: 500\">Mart\u00ednez-Miera, D. &amp; Repullo, R.: \u201c<a href=\"https:\/\/academic.oup.com\/rfs\/article\/23\/10\/3638\/1565562\" target=\"_blank\" rel=\"noopener\">Does Competition Reduce the Risk of Bank Failure?<\/a>\u201d <b><i>Review of Financial Studies <\/i><\/b>vol. 23 (10)<b><i>, <\/i><\/b>October 2010, 3638-3664 <\/p>\n<p>\t\t\t\t\t\t\t\t\tBiograf\u00eda<\/p>\n<p>David Mart\u00ednez Miera is a Visiting Professor (with tenure) of Finance in the Department of Business Economics at the Universidad Carlos III where he teaches Financial Management.<\/p>\n<p>David holds a PhD in Economics from the Center for Monetary and Financial Studies (CEMFI) and the UIMP. He has a master&#8217;s degree in Economics and Finance from CEMFI and a degree in Business Administration and Management from the University of La Rioja. <\/p>\n<p>His research interests focus on the field of corporate finance, specifically on aspects related to banking economics.<\/p>\n<p>\t\t\t\t\t\t\t\t\tPublications<\/p>\n<p style=\"font-weight: 500\">Martinez-Miera, D., Repullo, R.: \u201cMonetary Policy, Macroprudential Policy, and Financial Stability\u201d, <b><i>Annual Review of Economics<\/i><\/b> vol. 11, 2019, 809-832.<\/p>\n<p style=\"font-weight: 500\">Mart\u00ednez-Miera, D. &amp; Repullo, R.: \u201cSearch for Yield\u201d <b><i>Econometrica <\/i><\/b>vol. 85 (2), March 2017, 351-378 <\/p>\n<p style=\"font-weight: 500\">Mart\u00ednez-Miera, Allen. J &amp; Damar, E. H.: \u201cConsumer Bankruptcy, Bank Mergers and Information\u201d <b><i>Review of Finance<\/i><\/b> vol. 20 (4), July 2016, 1289-1320<\/p>\n<p style=\"font-weight: 500\">Mart\u00ednez-Miera, D. &amp; Repullo, R.: \u201cDoes Competition Reduce the Risk of Bank Failure?\u201d <b><i>Review of Financial Studies <\/i><\/b>vol. 23 (10)<b><i>, <\/i><\/b>October 2010, 3638-3664 <\/p>\n<p>\t\t\t\t\t\t\t\t\tWorking Papers<\/p>\n<p>\u201cBanks\u2019 Endogenous systemic risk taking\u201d (with Javier Suarez) (Revised version of \u201cA Macroeconomic Model of Systemic Risk-taking\u201d. CEPR DP 9134, September 2012)<\/p>\n<p>\u201cThe Creditworthiness of the Poor. A model of the Grameen Bank\u201d (with Michal Kowalik). Kansas Fed RWP 10-11, April 2010. <\/p>\n<p>\u201cCapital Requirements, Competition and Bank Failure\u201d<\/p>\n<ul>\n<li>\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"mailto:%20david.martinez@uc3m.es\"><\/p>\n<p>\t\t\t\t\t\t\t\t\t\tEmail: david.martinez@uc3m.es<br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n<li>\n<p>\t\t\t\t\t\t\t\t\t\tAddress \/ office: C\/ Madrid, 126 &#8211; 28903 Getafe (Madrid) Spain \/ 6.0.32\n\t\t\t\t\t\t\t\t\t<\/li>\n<li>\n<p>\t\t\t\t\t\t\t\t\t\tPhone \/ fax: (34) 91 624 96 13\n\t\t\t\t\t\t\t\t\t<\/li>\n<li>\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/www.martinezmiera.com\/\" target=\"_blank\" rel=\"noopener\"><\/p>\n<p>\t\t\t\t\t\t\t\t\t\tPersonal website<br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n<li>\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/indem.uc3m.es\/wp-content\/uploads\/2025\/05\/cv_1448751190.pdf\"><\/p>\n<p>\t\t\t\t\t\t\t\t\t\tCV<br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n<\/ul>\n<p>\t\t\t\t<a href=\"https:\/\/x.com\/uc3m_business?lang=es\" tabindex=\"-1\" aria-label=\"BUSINESS UC3M\"><br \/>\n\t\t\t\t\t\t\t\t<\/a><\/p>\n<h3>\n\t\t\t\t\t\t<a href=\"https:\/\/x.com\/uc3m_business?lang=es\"><br \/>\n\t\t\t\t\t\t\tBUSINESS UC3M\t\t\t\t\t\t<\/a><br \/>\n\t\t\t\t\t<\/h3>\n<p>\n\t\t\t\t\t\t@UC3M_BUSINESS\t\t\t\t\t<\/p>\n","protected":false},"author":4,"template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-site-content-layout":"full-width-container","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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