Pedro Serrano

Pedro Serrano is a Professor of Financial Economics in the Department of Business Economics at Carlos III University of Madrid (UC3M) since February 2019. He holds a PhD in Quantitative Finance from the University of the Basque Country (2008) and has conducted research stays at UCLA, Columbia University, and other Spanish institutions.

Research Interests: His work focuses on quantitative finance, sovereign debt analysis, credit risk modeling, liquidity risk, fixed income markets, and financial econometrics. He specializes in continuous-time financial modeling and risk measurement, with applications to credit derivatives and interbank markets.

Publications: His research explores term structure dynamics, liquidity effects in CDS markets, sovereign credit risk, and market microstructure. Recent studies examine foreign monetary policy impacts on corporate default risk and interbank risk decomposition.

Teaching Responsibilities: He teaches asset valuation (PhD/Master's in Actuarial and Financial Sciences), derivatives valuation (Master's in Finance), and risk management (Master's in Industrial Economics). He also coordinates UC3M's Financial Economics teaching program and serves as Deputy Director of the Master's in Actuarial and Financial Sciences.