{"id":5068,"date":"2025-04-01T05:39:45","date_gmt":"2025-04-01T05:39:45","guid":{"rendered":"https:\/\/indem.uc3m.es\/?post_type=members&#038;p=5068"},"modified":"2025-04-01T05:45:13","modified_gmt":"2025-04-01T05:45:13","slug":"pedro-serrano","status":"publish","type":"members","link":"https:\/\/indem.uc3m.es\/es\/members\/pedro-serrano\/","title":{"rendered":"Pedro Serrano"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"5068\" class=\"elementor elementor-5068\" data-elementor-post-type=\"members\">\n\t\t\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-4f579545 e-flex e-con-boxed e-con e-parent\" data-id=\"4f579545\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-76167fa1 e-con-full e-flex e-con e-child\" data-id=\"76167fa1\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4baeb83d elementor-widget-mobile__width-inherit elementor-widget elementor-widget-image\" data-id=\"4baeb83d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1140\" height=\"1140\" src=\"https:\/\/indem.uc3m.es\/wp-content\/uploads\/2025\/04\/perfil-pedro-serrano.png\" class=\"attachment-full size-full wp-image-5069\" alt=\"\" srcset=\"https:\/\/indem.uc3m.es\/wp-content\/uploads\/2025\/04\/perfil-pedro-serrano.png 1140w, https:\/\/indem.uc3m.es\/wp-content\/uploads\/2025\/04\/perfil-pedro-serrano-300x300.png 300w, 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data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"mailto:pedrojose.serrano@uc3m.es\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-envelope\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M464 64H48C21.49 64 0 85.49 0 112v288c0 26.51 21.49 48 48 48h416c26.51 0 48-21.49 48-48V112c0-26.51-21.49-48-48-48zm0 48v40.805c-22.422 18.259-58.168 46.651-134.587 106.49-16.841 13.247-50.201 45.072-73.413 44.701-23.208.375-56.579-31.459-73.413-44.701C106.18 199.465 70.425 171.067 48 152.805V112h416zM48 400V214.398c22.914 18.251 55.409 43.862 104.938 82.646 21.857 17.205 60.134 55.186 103.062 54.955 42.717.231 80.509-37.199 103.053-54.947 49.528-38.783 82.032-64.401 104.947-82.653V400H48z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Email: pedrojose.serrano@uc3m.es<\/span>\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\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-map-marker-alt\" viewBox=\"0 0 384 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M172.268 501.67C26.97 291.031 0 269.413 0 192 0 85.961 85.961 0 192 0s192 85.961 192 192c0 77.413-26.97 99.031-172.268 309.67-9.535 13.774-29.93 13.773-39.464 0zM192 272c44.183 0 80-35.817 80-80s-35.817-80-80-80-80 35.817-80 80 35.817 80 80 80z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Direcci\u00f3n \/ oficina:C\/ Madrid, 126 - 28903 Getafe (Madrid) Spain \/ 6.0.24<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-phone-alt\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M497.39 361.8l-112-48a24 24 0 0 0-28 6.9l-49.6 60.6A370.66 370.66 0 0 1 130.6 204.11l60.6-49.6a23.94 23.94 0 0 0 6.9-28l-48-112A24.16 24.16 0 0 0 122.6.61l-104 24A24 24 0 0 0 0 48c0 256.5 207.9 464 464 464a24 24 0 0 0 23.4-18.6l24-104a24.29 24.29 0 0 0-14.01-27.6z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Tel\u00e9fono \/ fax: (34) 91 624 89 26<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.pedroserrano.net\/\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-link\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M326.612 185.391c59.747 59.809 58.927 155.698.36 214.59-.11.12-.24.25-.36.37l-67.2 67.2c-59.27 59.27-155.699 59.262-214.96 0-59.27-59.26-59.27-155.7 0-214.96l37.106-37.106c9.84-9.84 26.786-3.3 27.294 10.606.648 17.722 3.826 35.527 9.69 52.721 1.986 5.822.567 12.262-3.783 16.612l-13.087 13.087c-28.026 28.026-28.905 73.66-1.155 101.96 28.024 28.579 74.086 28.749 102.325.51l67.2-67.19c28.191-28.191 28.073-73.757 0-101.83-3.701-3.694-7.429-6.564-10.341-8.569a16.037 16.037 0 0 1-6.947-12.606c-.396-10.567 3.348-21.456 11.698-29.806l21.054-21.055c5.521-5.521 14.182-6.199 20.584-1.731a152.482 152.482 0 0 1 20.522 17.197zM467.547 44.449c-59.261-59.262-155.69-59.27-214.96 0l-67.2 67.2c-.12.12-.25.25-.36.37-58.566 58.892-59.387 154.781.36 214.59a152.454 152.454 0 0 0 20.521 17.196c6.402 4.468 15.064 3.789 20.584-1.731l21.054-21.055c8.35-8.35 12.094-19.239 11.698-29.806a16.037 16.037 0 0 0-6.947-12.606c-2.912-2.005-6.64-4.875-10.341-8.569-28.073-28.073-28.191-73.639 0-101.83l67.2-67.19c28.239-28.239 74.3-28.069 102.325.51 27.75 28.3 26.872 73.934-1.155 101.96l-13.087 13.087c-4.35 4.35-5.769 10.79-3.783 16.612 5.864 17.194 9.042 34.999 9.69 52.721.509 13.906 17.454 20.446 27.294 10.606l37.106-37.106c59.271-59.259 59.271-155.699.001-214.959z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Sitio web personal<\/span>\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\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/scholar.google.es\/citations?view_op=list_works&#038;hl=es&#038;user=5g5Ga1oAAAAJ\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fab-google\" viewBox=\"0 0 488 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M488 261.8C488 403.3 391.1 504 248 504 110.8 504 0 393.2 0 256S110.8 8 248 8c66.8 0 123 24.5 166.3 64.9l-67.5 64.9C258.5 52.6 94.3 116.6 94.3 256c0 86.5 69.1 156.6 153.7 156.6 98.2 0 135-70.4 140.8-106.9H248v-85.3h236.1c2.3 12.7 3.9 24.9 3.9 41.4z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Google Scholar<\/span>\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\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c32e665 elementor-hidden-mobile elementor-widget elementor-widget-spacer\" data-id=\"c32e665\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c01f32e elementor-hidden-mobile elementor-view-default elementor-position-block-start elementor-mobile-position-block-start elementor-widget 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UC3M\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\t@UC3M_BUSINESS\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-50c64532 e-con-full e-flex e-con e-child\" data-id=\"50c64532\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3131c76d elementor-widget elementor-widget-heading\" data-id=\"3131c76d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Pedro Serrano<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1044b47f elementor-widget elementor-widget-heading\" data-id=\"1044b47f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Profesor de Econom\u00eda Financiera<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5da8cc61 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"5da8cc61\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Educaci\u00f3n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-454d9935 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"454d9935\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-13debaa9 elementor-widget elementor-widget-text-editor\" data-id=\"13debaa9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Phd. in Quantitative Finance, Universidad del Pa\u00eds Vasco (Bilbao, Spain) &#8211; Ene 2008<\/p><p>University of California Los Angeles (UCLA) &#8211; Visiting scholar &#8211; Ene\/Jul 2011<\/p><p>University of Columbia (New York) &#8211; Visiting Scholar &#8211; Ene\/Ago 20<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ba56d28 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"ba56d28\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Intereses de Investigaci\u00f3n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d71e6fb elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"d71e6fb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9b62382 elementor-widget elementor-widget-text-editor\" data-id=\"9b62382\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Finanzas cuantitativas, Deuda soberana, Riesgo de cr\u00e9dito, Liquidez, Renta fija, Econometr\u00eda financiera<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-61de557e elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"61de557e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Publicaciones seleccionadas<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-357b6025 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"357b6025\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5d772eb6 elementor-widget elementor-widget-text-editor\" data-id=\"5d772eb6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Serrano, P., Lafuente, J.A. &amp; Petit, N.: \u00ab<a href=\"https:\/\/www.sciencedirect.com\/science\/article\/pii\/S0261560618306922\">Pricing factors in the multiple-term structures from interbank rates<\/a>\u00ab,\u00a0Journal of International Money and Finance\u00a0vol. 91, March 2019, 138-159.\u00a0<\/p><p>Serrano, P., Platania, F. &amp; Tapia, M.: \u00ab<a href=\"https:\/\/www.tandfonline.com\/doi\/abs\/10.1080\/14697688.2018.1433312?journalCode=rquf20\">Modelling the shape of the limit order book<\/a>\u00ab,\u00a0Quantitative Finance\u00a0vol. 18 (9), January 2018, 1575-1597.<\/p><p>Serrano, P., Lafuente, J.A. &amp; Petit, N.: \u00ab<a href=\"https:\/\/www.sciencedirect.com\/science\/article\/pii\/S1057521918301005\">Forecasting multiple-term structures from interbank rates<\/a>\u00ab,\u00a0International Review of Financial Analysis\u00a0vol. 57, February 2018, 40-56.<\/p><p>Arakelyan, A., Rubio, G. &amp; Serrano, P.: \u00ab<a href=\"https:\/\/econpapers.repec.org\/article\/eeereveco\/v_3a39_3ay_3a2015_3ai_3ac_3ap_3a376-389.htm\">The reward for trading illiquid maturities in credit default swap markets<\/a>\u00ab,\u00a0International Review of Economics and Finance\u00a0vol. 39 (C), 2015, 376-389.<\/p><p>Serrano, P., Rubia, A. &amp; Sanch\u00eds-Marco, L.: \u00ab<a href=\"https:\/\/ideas.repec.org\/a\/eee\/jimfin\/v60y2016icp223-252.html\">Market illiquidity and pricing errors in the term structure of CDS spreads<\/a>\u00ab,\u00a0Journal of International Money and Finance\u00a0vol. 60, February 2016, 223-252.\u00a0<\/p><p>Serrano, P., D\u00edaz, A. &amp; Groba, J.: \u00ab<a href=\"https:\/\/ideas.repec.org\/a\/eee\/jimfin\/v37y2013icp529-563.html\">What drives corporate default risk premium? Evidence from the CDS markets<\/a>\u00bb\u00a0Journal of International Money and Finance, vol. 37 (C), 2013, 529-563.\u00a0<\/p><p>Serrano, P., Groba, J. &amp; Lafuente, J.A.: \u00ab<a href=\"https:\/\/ideas.repec.org\/a\/eee\/jbfina\/v37y2013i7p2520-2532.html\">The impact of distressed economies on the EU sovereign market<\/a>\u00ab,\u00a0Journal of Banking and Finance\u00a0vol.\u00a037 (7), 2013, 2520\u20132532.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5aa490a4 uael-faq-box-layout-yes align-at-left elementor-widget elementor-widget-uael-faq\" data-id=\"5aa490a4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"uael-faq.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\t\t\t<div id='uael-faq-wrapper-152' class=\"uael-faq-wrapper\">\n\t\t\t\t<div class=\"uael-faq-container uael-faq-layout-accordion\" data-layout=\"accordion\" >\n\t\t\t\t\t\t\t\t\t\t\t\t<div id=\"uael-accordion-9984785\" class=\"uael-faq-accordion\" role=\"tablist\">\n\t\t\t\t\t\t\t\t<div class= \"uael-accordion-title\" aria-expanded=\"false\" role=\"tab\">\n\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon uael-accordion-icon-left\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-angle-right\" viewBox=\"0 0 256 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224.3 273l-136 136c-9.4 9.4-24.6 9.4-33.9 0l-22.6-22.6c-9.4-9.4-9.4-24.6 0-33.9l96.4-96.4-96.4-96.4c-9.4-9.4-9.4-24.6 0-33.9L54.3 103c9.4-9.4 24.6-9.4 33.9 0l136 136c9.5 9.4 9.5 24.6.1 34z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-angle-up\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M177 159.7l136 136c9.4 9.4 9.4 24.6 0 33.9l-22.6 22.6c-9.4 9.4-24.6 9.4-33.9 0L160 255.9l-96.4 96.4c-9.4 9.4-24.6 9.4-33.9 0L7 329.7c-9.4-9.4-9.4-24.6 0-33.9l136-136c9.4-9.5 24.6-9.5 34-.1z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"uael-question-9984785 uael-question-span\" tabindex=\"0\" id=\"uael-faq-1-6a3fced58544c\">Bio<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-accordion-content\" role=\"tabpanel\">\n\t\t\t\t\t\t\t\t\t<span>\n\t\t\t\t\t\t\t\t\t<span><div>Pedro Serrano es Profesor Titular de Econom\u00eda Financiera y Contabilidad en el departamento de Econom\u00eda de la Empresa de la Universidad Carlos III desde Febrero de 2019. Obtuvo su doctorado en Finanzas Cuantitativas por la Universidad del Pa\u00eds Vasco (Bilbao) en 2008. Ha realizado estancias de investigaci\u00f3n en las Universidades de Columbia (NY), California-Los \u00c1ngeles (UCLA), Pompeu Fabra (Barcelona), Carlos III de Madrid (Madrid) y Alicante (Alicante).<\/div><div>\u00a0<\/div><div>Actualmente imparte docencia en diversos programas de m\u00e1ster y doctorado de la UC3M. En concreto, es responsable de los cursos de valoraci\u00f3n de activos (PhD y master en ciencias actuariales y financieras), valoraci\u00f3n de derivados (master in finance) y gesti\u00f3n del riesgo (m\u00e1ster en econom\u00eda industrial). Tambi\u00e9n coordina la docencia de Econom\u00eda Financiera del Grado de ADE de la UC3M. En la actualidad, Pedro es subdirector del m\u00e1ster en Ciencias Actuariales y Financieras de la UC3M.<\/div><div>\u00a0<\/div><div>Sus intereses se centran en las finanzas cuantitativas, especialmente en la modelizaci\u00f3n y econometr\u00eda financiera en tiempo continuo. Asimismo ha trabajado en la valoraci\u00f3n de derivados y medici\u00f3n del riesgo en general. Sus art\u00edculos han sido presentados en numerosos congresos nacionales e internacionales. Tambi\u00e9n ha colaborado con diversas entidades privadas en el asesoramiento de riesgos financieros.<\/div><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div id=\"uael-accordion-a14a01d\" class=\"uael-faq-accordion\" role=\"tablist\">\n\t\t\t\t\t\t\t\t<div class= \"uael-accordion-title\" aria-expanded=\"false\" role=\"tab\">\n\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon uael-accordion-icon-left\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-angle-right\" viewBox=\"0 0 256 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224.3 273l-136 136c-9.4 9.4-24.6 9.4-33.9 0l-22.6-22.6c-9.4-9.4-9.4-24.6 0-33.9l96.4-96.4-96.4-96.4c-9.4-9.4-9.4-24.6 0-33.9L54.3 103c9.4-9.4 24.6-9.4 33.9 0l136 136c9.5 9.4 9.5 24.6.1 34z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-angle-up\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M177 159.7l136 136c9.4 9.4 9.4 24.6 0 33.9l-22.6 22.6c-9.4 9.4-24.6 9.4-33.9 0L160 255.9l-96.4 96.4c-9.4 9.4-24.6 9.4-33.9 0L7 329.7c-9.4-9.4-9.4-24.6 0-33.9l136-136c9.4-9.5 24.6-9.5 34-.1z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"uael-question-a14a01d uael-question-span\" tabindex=\"0\" id=\"uael-faq-2-6a3fced5854fb\">Publicaciones<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-accordion-content\" role=\"tabpanel\">\n\t\t\t\t\t\t\t\t\t<span>\n\t\t\t\t\t\t\t\t\t<span><p>Groba, J. &amp; Serrano, P. (2020) \"<a href=\"https:\/\/doi.org\/10.1080\/1351847X.2019.1710225\" target=\"_blank\" rel=\"noopener\">Foreign monetary policy and firms' default risk<\/a>\",\u00a0The European Journal of Finance, 26:11, 1047-1074.<\/p><p>Serrano, P. Lafuente, J.A., Petit, N. &amp; Ruiz, J.: \"<a href=\"https:\/\/doi.org\/10.1111\/twec.12878\" target=\"_blank\" rel=\"noopener\">Dissecting interbank risk<\/a>\",\u00a0The World Economy ,\u00a0Vol.43, Issue 3, March 2020, 729-757.<\/p><p><br \/>Serrano, P., Lafuente, J.A. &amp; Petit, N.: \"Pricing factors in the multiple-term structures from interbank rates\",\u00a0Journal of International Money and Finance\u00a0vol. 91, March 2019, 138-159.\u00a0<br \/><br \/>Serrano, P., Platania, F. &amp; Tapia, M.: \"Modelling the shape of the limit order book\",\u00a0Quantitative Finance\u00a0vol. 18 (9), January 2018, 1575-1597.<\/p><p><br \/>Serrano, P., Lafuente, J.A. &amp; Petit, N.: \"Forecasting multiple-term structures from interbank rates\",\u00a0International Review of Financial Analysis\u00a0vol. 57, February 2018, 40-56.<\/p><p><br \/>Serrano, P. &amp; Arakelyan, A. \"Liquidity in Credit Default Swap Markets\",\u00a0Journal of Multinational Financial Management\u00a0vol. 37\u201338, December 2016, 139-157, (previously entitled 'On the effects of illiquidity in CDS spreads')<br \/><br \/>Arakelyan, A., Rubio, G. &amp; Serrano, P.: \"The reward for trading illiquid maturities in credit default swap markets\",\u00a0International Review of Economics and Finance\u00a0vol. 39 (C), 2015, 376-389.<br \/><br \/>Serrano, P. &amp; Lafuente, J.A.: \"Market frictions and the pricing of sovereign credit default swaps\",\u00a0Journal of International Money and Finance\u00a0vol.\u00a060, February 2016, 223-252.<br \/><br \/>Serrano, P. &amp; Lafuente, J.A.: \"On the compensation for illiquidity in sovereign credit markets\",\u00a0Journal of Multinational Financial Management\u00a0vol. 30, March 2015, 83\u2013100.<br \/><br \/>Serrano, P., D\u00edaz, A. &amp; Groba, J.: \"What drives corporate default risk premium? Evidence from the CDS markets\"\u00a0Journal of International Money and Finance, vol. 37 (C), 2013, 529-563.\u00a0<\/p><p><br \/>Serrano, P., Groba, J. &amp; Lafuente, J.A.: \"The impact of distressed economies on the EU sovereign market\",\u00a0Journal of Banking and Finance\u00a0vol.\u00a037 (7), 2013, 2520\u20132532.<br \/><br \/>Serrano, P., Moreno, M. &amp; Stute, W.: \"Statistical properties and economic implications of jump-diffusion processes with shot-noise effects\",\u00a0European Journal of Operational Research\u00a0214, 2011, 656\u2013664.<\/p><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-48f8fe10 elementor-hidden-desktop elementor-hidden-tablet e-flex e-con-boxed e-con 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