DAVID MARQUES-IBANEZ [email protected] +1-347-828-4692 APPOINTMENTS Board of Governors of the Federal Reserve Senior Economist, International Finance Division European Central Bank Principal Economist, Financial Research Division Columbia University Chazen Visiting Scholar, Columbia School of Business New York University Visiting Scholar, Stern School of Business Federal Reserve Bank of New York Visiting Researcher, Financial Intermediation Research Function Banking Union Internal Preparatory Work Coordinator Work Stream I European Central Bank Senior Economist, Financial Research Division Bank of Italy Visiting Economist, Financial Research Unit European Central Bank Senior Economist, Capital Markets and Financial Structure Division Economist, Capital Markets and Financial Structure Division Economist Statistician, Capital Markets and Financial Structure Division Research Analyst, Capital Markets and Financial Structure Division EDUCATION PhD. Economics University of Wales, Bangor. Advisor Philip Molyneux MSc. Banking and Finance University of Wales, Bangor Postgraduate Studies in Economics University of Florence BSc. Economics University of Granada

Washington, DC 2014 - Present Frankfurt, Germany 2014 New York, USA 2013 - 2013 New York, USA 2013 - 2013 New York, USA 2013 - 2013 Frankfurt, Germany 2012 - 2013 Frankfurt, Germany 2008 - 2012 Rome, Italy 2007 - 2007 Frankfurt, Germany 2006 - 2008 2003 - 2005 2000 - 2002 1999 - 2000 Wales, UK 1998 - 2002 Wales, UK 1996 - 1998 Florence, Italy 1996 Granada, Spain 1995

RESEARCH FIELDS Empirical banking, securitization, applied microeconometrics

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RESEARCH IN PROGRESS • Kara, A., D. Marques-Ibanez and S. Ongena (in revision). Securitization and lending standards: evidence from the wholesale loan market. • Kara, A., D. Marques-Ibanez and S. Ongena (in revision). Securitization and credit quality. • Focarelli, F., D. Marques-Ibanez and A.F. Pozzolo (ongoing). Are universal banks better underwriters? Evidence from the last Days of the Glass-Steagall Act. • Marques-Ibanez, D., P. Mistrulli, C. Salleo and M. Schwedeler (ongoing). Capital requirements and bank risk-taking. • Claessens, S., G. Cuadra, D. Marques-Ibanez and H. Sapriza (ongoing). International effects of the lender of last resort. • Marcedo, M. and D. Marques-Ibanez (ongoing). Bank lending channel and deforestation in the Brazilian Amazon. JOURNAL PUBLICATIONS 1. Drechsler, I., T. Drechsel, D. Marques-Ibanez and P. Schnabl (2016). Who borrows from the lender of last resort? Journal of Finance (forthcoming). 2. Altunbas, Y., S. Manganelli and D. Marques-Ibanez (fourth round). Bank risk during the financial crisis: do business models matter? Journal of Financial Intermediation. 3. D. Marques-Ibanez (2014). Comment on “Foreign banks: Trends and impact” by Claessens, S. and N. van Horen, Journal of Money, Credit and Banking 46, 327-331. 4. Altunbas Y., L. Gambacorta and D. Marques-Ibanez (2014). Does monetary policy affect bank risktaking? International Journal of Central Banking 10, 95-136. 5. Howcroft, B., A. Kara, and D. Marques-Ibanez (2014). Determinants of syndicated lending in European banks and the impact of the financial crisis. Journal of International Financial Markets, Institutions and Money 32, 473-490. 6. Hau H., S. Langfield and D. Marques-Ibanez (2013). Bank ratings: What determines their quality? Economic Policy 28 (74), 289-333. 7. Fiordelisi, F, D. Marques-Ibanez (2013). Is bank default risk systematic? Journal of Banking and Finance 37(6), 2000-2010. 8. Altunbas Y., L. Gambacorta and D. Marques-Ibanez (2012). Do bank characteristics influence the effect of monetary policy on bank risk? Economic Letters 117, 220-222. 9. Carbó-Valverde, S., D. Marques-Ibanez, F. Rodríguez-Fernández (2012). Securitization, credit growth and financial instability: the case of Spain. Journal of International Money and Finance 31, 80-101. 10. Gambacorta, L. and D. Marques-Ibanez (2011). The bank lending channel: lessons from the crisis. Economic Policy 26(66),137-182. 11. Fiordelisi, F, D. Marques-Ibanez and P. Molyneux (2011). Efficiency and risk in European banking. Journal of Banking and Finance 35(5),1315-1326. 12. Altunbas Y., L. Gambacorta and D. Marques-Ibanez (2010). Bank risk and monetary policy. Journal of Financial Stability 6, 121-129. 13. Altunbas, Y., A. Kara and D. Marques-Ibanez (2010). Large debt financing: syndicated loans versus corporate bonds. European Journal of Finance 16(5):437-45. 14. Altunbas Y., L. Gambacorta and D. Marques-Ibanez (2009). Securitisation and the bank lending channel. European Economic Review 53(8), 996-1009. 15. Altunbas, Y. and D. Marques-Ibanez (2008). Mergers and acquisitions and bank performance in Europe: the role of strategic similarities. Journal of Economics and Business 60(3), 179-290.

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BOOK CHAPTERS 1. Marques-Ibanez D. and M. Scheicher (2010). Securitisation: Causes and consequences, in Handbook of Banking, Oxford University Press. A. Berger, P. Molyneux and J. Wilson (eds). 2. Altunbas Y., D. Marques-Ibanez and B. Zhussupova (2008). Capital market frictions and bank lending in the EU, in Frontiers of Banks in a Global Economy, Palgrave Macmillan. P. Molyneux and E. Vallelado (eds). WORKING PAPERS 1. Kara, A., D. Marques-Ibanez and S. Ongena (2015). Securitization and credit quality, Board of Governors of the Federal Reserve System International Finance Discussion Paper 1148. 2. Altunbas Y., and D. Marques-Ibanez M. van Leuvensteijn (2014). Competition and bank risk: The role of securitization and bank capital, European Central Bank Working Paper 1678. 3. Kara, D. Marques-Ibanez and S. Ongena (2011). Securitization and lending standards: Evidence from the wholesale loan market European Central Bank Working Paper 1362 and Tilburg University EBC Discussion Paper 2011-020. 4. Focarelli, F., D. Marqués Ibáñez and A. F. Pozzolo (2011). Are universal banks better underwriters? Evidence from the last Days of the Glass-Steagall Act. European Central Bank Working Paper 1287. NON-REFEREED PUBLICATIONS 1. Carbó-Valverde, S., D. Marques-Ibanez, F. Rodríguez-Fernández (2012). Rating agencies, securitization and financial instability in Spain, Perspectivas del Sistema Financiero 103, 53-60. 2. Carbo-Valverde, S., D. Marques-Ibanez, and J. Peydro (2009). Bancos, credito y mecanismos de transmission de la politica monetaria: Nuevas perspectivas, Perspectivas del Sistema Financiero 95. 3. Marques-Ibanez, D. and A. Matas (2009). Securitisation in the Euro Area: new perspectives. Papeles de Economia Española 122. 4. Marques-Ibanez, D. (2009). Banks, credit and the transmission mechanism of monetary policy. European Central Bank Research Bulletin 8. 5. Task Force Monetary Policy Committee (2007). Corporate finance in the euro area, European Central Bank Occasional Paper 65. 6. Altunbas, Y., Fiordelisi F., Marques-Ibanez, D. (2007). Il Ruolo della compatibilità strategica ed organizzativa nelle operazioni di merger & acquisizione nel settore bancario Europeo. Atti del Convengno dell’Associazione Italiana di Economia Aziendale (AIDEA) 2006, Il Mulino. 7. Duc, L., A. Calza, G. De Bondt, D. Marques-Ibanez (coordinator). S. Scopel and A. Van Rixtel (2005). Financing conditions in the euro area. ECB Occasional Paper 37. 8. Altunbas, Y. and D. Marques-Ibanez (2004). Bank capital, bank lending and monetary policy in the euro area. Kredit und Kapital 4, 443-465. 9. Marques-Ibanez, D. and P. Molyneux (2002). Financial restructuring in European banking and foreign expansion in Latin America, Latin American Business Review 3(4), 19-57. 10. Marques-Ibanez, D. (2002). Questiones relativas al mercado de bonos de empresa, Papeles de Economia Española 94. 11. Marques-Ibanez, D., J. Santillan and A. Rixtel, (2000). Main changes in the financial structure of the euro-zone since the introduction of the euro, OECD Financial Markets Trends 76, 109-129. 12. Carbo, S. and D. Marques-Ibanez (1999). La dimension de las entidades financieras españolas en la Union Monetaria Europea, Cuadernos de Información Economica, February.

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INVITED PRESENTATIONS (SELECTED) Bank of Italy Swiss Finance Institute, Geneve Stirling University Bank for International Settlements Federal Reserve Bank of Boston World Bank Board of Governors of the Federal Reserve System Federal Reserve Bank of Boston Columbia Business School Haas School of Business, Pompeu Fabra International Monetary Fund MIT University of Maryland European Securities and Markets Authority Oxford University University of Zurich Federal Reserve Bank of New York Chicago Business School Board of Governors of the Federal Reserve System University of Maryland European Central Bank Loughborough University University of Geneva University of Bergen Norwegian School of Economics Bank for International Settlements Bank of England Bank of Spain European Banking Supervision Committee Luxembourg School of Finance Tilburg University Deutsche Bundesbank Bristol University De Netherlandishe Bank LMU Munich Monetary Policy Committee of the Eurosystem University of Bologna Bangor University University of Tor Vergata. CONFERENCES (SELECTED) Banco Central do Brasil, X Seminar on Risk, Financial Stability and Banking, São Paulo. ECB, Non-Conventional Monetary Policy, Frankfurt. American Finance Association, Philadelphia. Wharton, Liquidity and Financial Crises, Philadelphia. European Finance Association, Cambridge, UK. Western Finance Association, Lake Tahoe. NBER Summer Institute, Corporate Finance, Cambridge, US. David Marques-Ibanez - CV

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Federal Reserve Bank of Chicago Banking Structure Conference, Chicago. Basel Committee on Banking Supervision, Bank Regulation and Liquidity Risk in a Global Financial System”, Austria. NBER Monetary Economics Meeting, Cambridge, US. De Nederlandsche Bank, Journal of Money Credit and Banking and Tilburg University, Post-Crisis Banking, Amsterdam. Federal Reserve Bank of Chicago, Bank Structure Conference, Chicago. Bank of Korea, Bank for International Settlements and International Monetary Fund, Macrofinancial Linkages, Seoul. Federal Reserve Bank of New York, the Society for Financial Econometrics, and New York University, Global Systemic Risk, New York. Basel Committee on Banking Supervision Centre for Economic Policy Research and Journal of Financial Intermediation, Systemic risk and Financial Regulation, Basel. Centre for Economic Policy Research, Procyclicality and Financial Regulation, Tilburg. Bank for International Settlements and European Central Bank, Monetary policy and Financial Stability, Basel. Bank for International Settlements and European Central Bank, Monetary Policy and Financial Stability, Frankfurt. Federal Reserve Bank of Chicago, Bank Structure Conference, Chicago. Cass Business School, The Transmission of Credit Risk and Bank Stability, London. MANAGEMENT AND COORDINATION Coordination of one of the four task forces creating the European Banking Union Identification of systemic banks Macroprudential policy Coordination at the European Central Bank Research thematic team on financial structure Invited speakers seminar series Interactions with private sector participants Financial stability report, capital markets chapter Conference Organizer Bank Funding. With the Federal Reserve Bank of New York and Review of Finance Islamic Finance. With the Islamic Financial Services Board Corporate Finance in the Euro Area. With the Eurosystem taskforce Financing Conditions in the Euro Area. With the European Central Bank taskforce ECB representation EU Government Bonds and Bills Markets Working Group ECB Working Group Banking Supervision Committee Money and Banking Statistics Committee

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REFEREE WORK Economics Letters (II), European Journal of Finance, International Journal of Central Banking, Journal of Banking and Finance (II), Journal of Finance, Journal of Financial Intermediation, Journal of Financial Stability, Journal of Political, Journal of Money, Credit and Banking, Journal of Political Economy, Review of Economics and Statistics, Review of Finance. TECHNICAL COURSES ATTENDED (SELECTED) Policy evaluation methods. University of London, London Advanced empirical methods. New York University, New York Corporate finance theory. Columbia University, New York Program evaluation. CEMFI, Madrid Program evaluation. CEMFI, Madrid Advanced microeconometrics. OeNB Summer School, Vienna Causal inference and programme evaluation. Pompeu Fabra University, Barcelona Empirical banking. Pompeu Fabra University, Barcelona Program evaluation. Institute for Fiscal Studies and Cemmap, London Matlab for finance. ECB, Frankfurt TEACHING EXPERIENCE Seminars in empirical banking. University of Wales Seminars in empirical corporate Finance. University of Lecce ACADEMIC AWARDS ECB special award for outstanding performance (research group) Spanish Minister of Finance doctoral fellowship University of Wales doctoral fellowship University of Granada research scholarship European Union postgraduate ECTS scholarship

2014 2013 2013 2012 2011 2010 2008 2008 2007 2006

2001/2002/2007 2003 2008-2012 1998-2000 1998-2000 1998 1996

MEDIA AND OTHER CITATIONS Financial Times, Il Sole 24 ore, Frankfurter Allgemeine Zeitung, El Pais, Il Sole 24 ore, Les Echos, Handelsblad, Expansion, Bloomberg News, IMF Global Stability Report, IMF Global Economic Outlook, Deutsche Bank, Unicredito, Governor Banca d’Italia, Governor Deutsche Bundesbank, President of the ECB, Vice president of the ECB, other members of the ECB executive board, RGE Monitor, BIS Annual Report. LANGUAGES English, German, Spanish, Italian (full fluency) French (basic proficiency) PROGRAMMING/DATABASE SKILLS STATA, R, LaTeX Experience with the Thomson, Bankscope, Datastream, Bloomberg, DCM, Amadeus, CSDB, IMF, BIS, FMDB, OECD and FIVB databases

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REFERENCES Manfred Kremer. European Central Bank, Tel: +49-69-1344-7065 | Email: [email protected] Stijn Claessens. Division of International Finance Federal Reserve Board Tel: +1-202-452-2089 | Email: [email protected] Steven Ongena, University of Zürich Tel: +41446343954 | Email: [email protected] Phil Molyneux, Bangor University Tel: +44-1248-382170 | Email: [email protected]

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