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Carbó Valverde, Santiago
Economics
PhD: University of Wales, Bangor (Reino Unido)
Office A4-21
Biography
Santiago Carbó is a Full Professor in the Department of Economics at CUNEF Universidad. Previously Full Professor at Universidad de Granada, Universitat de València and Bangor University (UK). Fourteen supervised PhD theses. Eight competitive research projects as principal researcher. He has served as Dean of the Faculty of Economics and Business at the Universidad de Granada. Member of the Executive Committee of the International Banking, Economics and Finance Association (IBEFA), of which he was President in 2017. He has been a member of the Group of Economic Advisors of ESMA (European Securities and Markets Authority). He is a member of the Academic Council of the European Banking Institute.
Education
PhD in Economics from the University of Wales, Bangor, United Kingdom (1993)
Master in Banking and Finance from the University of Wales, Bangor, United Kingdom (1990)
Degree in Economics from the University of Valencia (1989)
Research Interests
Banking economics, financial digitalization, artificial intelligence in banking
Professional Career
Independent board member of the Instituto Valenciano de Finanzas (IVF) from 2023 to date and Chair of its Risk Committee from 2020 to the present.
Independent board member of Cecabank (from 2012 to 2025). He served as Chair of its Remuneration Committee from 2021 to 2025. He was also a member of its Nomination and Audit Committees, chairing the latter from 2017 to 2021.
Various positions at the Funcas Foundation with 29 years of experience from 1996 to 2025. These positions include Senior Economist, Director of Financial Studies, and Executive Director of the Funcas Observatory of Finance and Technology (formerly the Observatory of Financial Digitalization). Editor-in-Chief of the journal Papeles de Economía Española at Funcas (from 2023 to 2025).
Consultant to the World Bank from 2020 to 2022.
Chair of the Board of Directors of Game Stores Iberia S.A. from 2012 to 2014.
Most relevant publications
Carbó Valverde, S., Cuadros Solas, P. J., & Rodríguez Fernández, F. (2025). Cryptocurrency ownership and cognitive biases in perceived financial literacy. Journal of Behavioral and Experimental Finance, 45, Art. 101019.
Carbó Valverde, S., Rodríguez Fernández, F., & Saunders, A. (2021). Underwriting bank bonds: Information sharing, certification and distribution networks. Journal of Corporate Finance, 70, Art. 102057.
Carbó Valverde, S., Chakravorti, B., & Rodríguez Fernández, F. (2016). The role of interchange fees in two-sided markets: An empirical investigation on payment cards. The Review of Economics and Statistics, 98(2), 367-381.
Carbó Valverde, S., Rodríguez Fernández, F., & Udell, G. (2016). Trade credit, the financial crisis and firms access to finance. Journal of Money, Credit and Banking, 48(1), 113-143.
Carbó Valverde, S., Rodríguez Fernández, F., & Udell, G. (2009). Bank market power and SME financing constraints. Review of Finance, 13, 309-340.
Otros profesores
