Assistant Professor, Finance


My primary research interests are in empirical corporate finance and financial intermediation. My current research focuses on the financial and real effects of bank transaction taxes, and on the impact of credit rating policies on the investment and financing decisions of firms.
I earned my PhD in Finance from Boston College in May, 2014. I have a Master of Science in Finance also from Boston College (2009) and a BS in Economics from EAFIT University in Medellin, Colombia (2004).
Before my PhD I worked for five years in the financial industry in Colombia. First in Valores Bancolombia, Colombia's largest brokerage firm, as a Quantitative Analyst in the Economic Research Department, and then in Bancolombia, Colombia's largest bank, as a Project Manager in the Derivatives and Risk Management division.


  • Finance , HBA1


  • PhD in Finance, Boston College

Recent Refereed Articles

Works in Progress

  • “The Real Effects of Credit Ratings: The Sovereign Ceiling Channel” with Heitor Almeida, Igor Cunha and Miguel A. Ferreira. Journal of Finance, forthcoming
  • “Bank Account Debit (BAD) Taxes, Bank Lending and Industrial Growth: Evidence from Latin America”
  • “The Effect of BAD Taxes on the Financing and Investment Decisions of Private Firms in Colombia”
  • "Do Inflation Adjustments Lead to Inflated Earnings? Large Sample Evidence of Managerial Discretion" with Jerome Taillard

Honours & Awards

  • Fulbright Foreign Scholarship, 2008


  • Bancolombia - Colombia's largest Commercial Bank (Medellin, Colombia): Project Manager, Derivatives and Structured Products (2006 - 2008)
  • Valores Bancolombia - Colombia's largest Brokerage Firm (Medellin, Colombia): Quantitative Analyst, Economic Research (2004 - 2006)
  • Valores Bancolombia - Colombia's largest Brokerage Firm (Medellin, Colombia): Emerging Markets Analyst, Economic Research (2003 - 2004)