Marco Pagano

Marco Pagano is Professor of Economics at University of Naples Federico II, President of the Einaudi Institute for Economics and Finance (EIEF), and Director of the Centre for Studies in Economics and Finance (CSEF).

He received a B.A. in Economics from Cambridge University and a Ph.D. in Economics from MIT, and taught at Bocconi University and the University of Salerno. In 1997 he received the BACOB European Prize for Economic and Financial Research, jointly with Ailsa Röell. From 2004 to 2011 he was the managing editor of the Review of Finance (the journal of the European Finance Association), together with Josef Zechner. In 2011 he was awarded an ERC Advanced Grant, for a 5-year research project on "Finance and Labor".

Currently, he chairs the Advisory Scientific Committee of the European Systemic Risk Board (ESRB). From 2011 to 2013 he was a member of the Group of Economic Advisors to the European Securities and Markets Authority (ESMA). In the past, he advised the Italian Treasury on the reform of security markets (1995-96), and was a member of the Treasury's privatisation committee (1997-2001) and of the EU Parliament advisory panel on financial services (2002-04).

Most of his research is in the area of finance, especially in market microstructure, banking and corporate finance. In 2013 he has published the book Market Liquidity: Theory, Evidence and Policy (with Thierry Foucault and Ailsa Roëll) with Oxford University Press.