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Luis Garicano

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About the authors and departments

Luis Garicano:
http://www.lse.ac.uk/management/people/lgaricano.aspx

Vicente Cuñat:
http://www.lse.ac.uk/finance/people/profiles/vicentecunat.aspx

Management Department (Garicano):
http://www.lse.ac.uk/management/home.aspx

Finance Department (Cuñat):
http://www.lse.ac.uk/finance/home.aspx

Relevant research

Garicano, Luis and Esteban Rossi-Hansberg (2012) “Organizing Growth” Journal of Economic Theory, 147:2623-656.  http://eprints.lse.ac.uk/37002/

Garicano, Luis and Vicente Cuñat (2010) “Concedieron las cajas “buenas” créditos “malos”? Gobierno corporativo, capital humano y carteras de créditos?”, Chapter 6 in FEDEA Monograph La crisis de la economía española. Análisis económico de la gran recesión, edited by Samuel Bentolila, Michele Boldrin, Javier Díaz-Giménez y Juan J. Dolado. http://eprints.lse.ac.uk/51252

Cuñat Vicente and Luis Garicano (2009) "Did Good Cajas Extend Bad Loans? Governance, Human Capital and Loan Portfolios," Working Papers 2010-08, FEDEA. Presented at the Bank of Spain in October 2009 with the attendance of top Bank of Spain management. http://mpra.ub.uni-muenchen.de/42434/http://eprints.lse.ac.uk/51253/

Villaverde, Jesus , Luis Garicano, and Tano Santos (2013) “Political Credit Cycles: The Case of the Euro Zone”, Journal of Economic Perspectives 27 (3): 145-66. http://www.nber.org/papers/w18899http://eprints.lse.ac.uk/51255/

Garicano, Luis (2012) “Five lessons from the Spanish Cajas debacle for a new euro wide supervisor” in Beck, Thorsten ed., Banking Union for Europe: Risks and Challenges, VoxEU eBook, October. http://eprints.lse.ac.uk/51254/

Evidence of impact

Impact on IMF’s position and on MoU: IMF Technical Report on the Reform of Spain’s savings banks: “Spain: The Reform of Spanish Savings Banks Technical Notes “June 2012 IMF Country Report No. 12/141, cites Garicano and Cuñat (2009): http://www.imf.org/external/pubs/ft/scr/2012/cr12141.pdf

Impact on public opinion (selected press sources): La politización eleva la morosidad de las cajas en 12.000 millones. Iñigo Barrón, El Pais, 31. October 2009. http://elpais.com/diario/2009/10/31/economia/1256943603_850215.html

¿Para cuándo la restructuración del sistema financiero español OpEd by Vicente Cuñat and Luis Garicano, El País, 13 September 2009. http://elpais.com/diario/2009/09/13/negocio/1252847671_850215.html

La cajas con presidentes que han sido políticos sufren una mayor morosidad.‎ elEconomista.es. http://www.eleconomista.es/empresas-finanzas/noticias/1660511/10/09/La-cajas-con-presidentes-que-han-sido-politicos-sufren-una-mayor-morosidad.html#.Kku8dF4t8e18CMu

Relevant video and audio: Luis Garicano speaks at LSE panel on ‘Eurozone deadlock – Finding a path out of the crisis’ (February 2013): https://www.youtube.com/watch?v=recM-CWdfck

Luis Garicano speaks at LSE public event called ‘The Naked Swimmer: Can Spain (and the Euro) overcome this crisis’ (January 2011): https://www.youtube.com/watch?v=etxytLpJT_4

Luis Garicano on Bloomberg News talking about the stability of Spain (March 2012): https://www.youtube.com/watch?v=DRGuZiFdrRY

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