The regulation and performance of financial markets
Marco Pagano is Professor of Economics at University of Naples Federico II, President of the Einaudi Institute for Economics and Finance (EIEF) and Research Fellow of the Centre for Studies in Economics and Finance (CSEF), the Centre for Economic Policy Research (CEPR), the European Corporate Governance Institute (ECGI) and the European Economic Association (EEA). He holds a B.A. from Cambridge University (1981) and a Ph.D. in Economics from MIT (1986), and taught at Bocconi University and the University of Salerno.
Together with Josef Zechner, he is managing editor of the Review of Finance, the journal of the European Finance Association. In 1997 he was awarded the BACOB European Prize for Economic and Financial Research, jointly with Ailsa Röell. He chairs the Scientific Committee of EuroMTS and is a member of the Research Board of Unicredit Group. 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 financial economics, especially in the fields of stock market microstructure, banking and corporate finance. He has also done research in macroeconomics, especially on its interactions with financial markets. His publications have appeared in several journals, such as American Economic Review, Review of Economic Studies, Quarterly Journal of Economics, Journal of Finance, Review of Financial Studies, RAND Journal of Economics, Journal of the European Economic Association, European Economic Review, and Economic Journal.