## MARIA SOLEDAD MARTINEZ PERIA

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### Education
- 8/1993 - 5/1998: UNIVERSITY OF CALIFORNIA AT BERKELEY, Berkeley, CA — Ph.D. in Economics. Fields: International Finance and Macroeconomics.
- 9/1990 - 6/1992: STANFORD UNIVERSITY, Stanford, California, CA — B.A. in Quantitative Economics conferred with Academic Distinction.
- 3/1988 - 8/1990: UNIVERSIDAD CATOLICA ARGENTINA, Buenos Aires — Completed two and a half years of the Licenciatura (B.A. equivalent) in Economics. Transferred to Stanford University thereafter.

### Employment
- INTERNATIONAL MONETARY FUND, Washington, D.C.
  - 9/2019 - present: Assistant Director, Research Department
  - 2/2016 - 8/2019: Division Chief, Macro-Financial Division, Research Department
  - 8/1997 - 9/1997: Summer Intern, Monetary Operations Division
- THE WORLD BANK, Washington, D.C.
  - 6/2013 - 1/2016: Research Manager, Finance and Private Sector Development Research Group
  - 7/2011 - 5/2013: Lead Economist, Finance and Private Sector Development Research Group
  - 8/2002 - 6/2011: Senior Economist, Finance and Private Sector Development Research Group
  - 9/2000 - 7/2002: Economist, Finance and Private Sector Development Research Group
  - 9/1999 - 8/2000: Young Professional, Finance and Private Sector Development, Latin American Region
  - 9/1998 - 8/1999: Young Professional, Finance and Private Sector Development Research Group
  - 5/1996 - 8/1996: Summer Intern, International Finance Division
  - 9/1991 - 12/1991: Intern, Co-financing and Financial Advisory Services Division
- BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, Washington, D.C.
  - 10/1997 - 4/1998: Research Intern, International Finance Division
- CENTRAL BANK OF ARGENTINA, Buenos Aires
  - 6/1997 - 7/1997: Visiting Economist, Research Department
- UNIVERSITY OF CALIFORNIA AT BERKELEY, Berkeley, CA
  - 9/1996 - 5/1997: Research Assistant to Dr. B. Eichengreen and Dr. A. Rose
  - 8/1995 - 5/1996: Teaching Assistant in Intermediate Macroeconomics
  - 8/1993 - 5/1995: Research Assistant to Dr. A. Fishlow
- THE BROOKINGS INSTITUTION, Washington, D.C.
  - 8/1992 - 6/1993: Research Assistant to Dr. S. Collins

### Papers Published in Refereed Journals (selected items and bibliographic details preserved)
- “Bank Capital Requirements and Lending in Emerging Markets: The Role of Bank Characteristics and Economic Conditions” (with X. Fang, D. Jutrsa, A. Presbitero, and L. Ratnovski). Journal of Banking and Finance, Forthcoming. Available online. March 2020.
- “Financial Inclusion and Human Development” (with M.Y. Shin). Oxford Research Encyclopedia on Economics and Finance 1-30, 2020.
- “The Global Financial Crisis and the Capital Structure of Firms: Was the Impact more Severe among SMEs and Non-Listed Firms? (with A. Demirgüç-Kunt and T. Tressel). Journal of Corporate Finance 60, 1-32, 2020.
- “Foreign Bank Subsidiaries’ Default Risk during the Global Crisis: What Factors Help Insulate Affiliates from their Parents?” (with D. Anginer and E. Cerutti). Journal of Financial Intermediation 29, 19-30, 2017.
- “The Foundations of Financial Inclusion: Understanding Ownership and Use of Financial Accounts” (with F. Allen, A. Demirguc-Kunt and L. Klapper). Journal of Financial Intermediation 27, 1-30, 2016.
- “Dissecting Foreign Bank Lending Behavior during the 2008-2009 Crisis” (with E. Gutierrez and M. Jung Choi). Financial Markets, Institutions, and Instruments 25(5), 361–398, 2016.
- “Collateral Registries for Movable Assets: Does their Introduction Spur Firms' Access to Bank Financing?” (with I. Love and S. Singh). Journal of Financial Services Research 49(1), 1-37, 2016.
- “How Firms Use Corporate Bond Markets under Financial Globalization” (with J. C. Gozzi, R. Levine and S. Schmukler). Journal of Banking and Finance 58, 532-551, 2015.
- “How Bank Competition Affects Firms’ Access to Finance” (with I. Love). World Bank Economic Review 29(3), 413-448, 2015.
- “Remittances and Financial Inclusion: Evidence from El Salvador” (with D. Anzoategui and A. Demirguc-Kunt). World Development 54, 338-349, 2014.
- “Bank Regulation and Supervision in the Context of the Global Crisis” (with M. Cihak, A. Demirguc-Kunt and A. Mohseni-Cheraghlou). Journal of Financial Stability, 9(4), 733-746, 2013.
- “Bank Ownership and Lending Patterns during the 2008-2009 Financial Crisis: Evidence from Latin America and Eastern Europe” (with R. Cull). Journal of Banking and Finance 37(12), 4861-4878, 2013.
- “Stock Returns’ Sensitivities to Crisis Shocks” (with C. Calomiris and I. Love). Journal of International Money and Finance 31(4), 743-765, 2012.
- “Bank Competition in Russia: An Examination at Different Levels of Aggregation” (with D. Anzoategui and M. Melecky). Emerging Markets Review 13(1), 42-57, 2012.
- “What Explains Comovement in Stock Market Returns during the 2007-2008 Crisis?” (with T. Didier and I. Love). International Journal of Finance and Economics. 17(2), 182-202, 2012.
- “What Explains the Price of Remittances? An Examination across 119 Country Corridors” (with T. Beck). World Bank Economic Review 25(1), 105-131, 2011.
- “Do Remittances Promote Financial Development?” (with R. Aggarwal and A. Demirguc-Kunt). Journal of Development Economics 96(2), 255-264, 2011.
- “Bank Financing for SMEs: Evidence Across Countries and Bank-Ownership Types” (with T. Beck and A. Demirguc-Kunt). Journal of Financial Services Research 39, 35-54, 2011.
- “Remittances and Banking Sector Breadth and Depth: Evidence from Mexico” (with A. Demirguc-Kunt, E. Lopez-Cordova and C. Woodruff). Journal of Development Economics 95(2), 229-241, 2011.
- “Bank Competition in the Middle East and Northern Africa Region,” (with D. Anzoategui and R. Rocha). Review of Middle East Economics and Finance 6 (2), Article 2, 2010.
- Additional refereed journal articles spanning 2001–2010 include work on depositor behavior, foreign bank participation, bank lending to SMEs, banking crises, and international bank lending; bibliographic details preserved in original ordering and citation format.

### Book Chapters and Other Publications (selected)
- “Casting Light on Central Bank Digital Currencies” (with T. Mancini-Griffoli, I. Agur, A. Ari, J. Kiff, A. Popescu and C. Rochon) in Crypotassets: Legal, Regulatory and Monetary Perspectives, C. Brummer (Ed.), Oxford University Press, 2019.
- “Banking in China” (with L. Klapper and B. Zia). In Handbook of Banking, A. Berger, P. Molyneux, and J. Wilson, (Eds.), Oxford University Press, forthcoming.
- “Bank Ownership: Trends and Implications” (with R. Cull and J. Verrier) in Handbook of Finance and Development, T. Beck and R. Levine (Eds.), Edward Elgar Publishing Ltd, 2018.
- “Understanding the Use of Long-Term Finance in Developing Countries,” (with S. Schmukler) in Finance and Investment: The European Case, C. Mayer, S. Micossi, M. Onado, M. Pagano and A. Polo (Eds.). Oxford: Oxford University Press, 2018.
- “The Transmission of Bank Default Risk During the Global Financial Crisis,” (with D. Anginer and E. Cerutti) in The Future of Large, Internationally Active Banks, A. Demirguc-Kunt, D. Evanoff, and G. Kaufman (Eds.), World Scientific Studies in International Economics, 2016.
- Additional chapters and commentaries on microfinance, remittances, foreign bank activity, SME finance, market discipline, and banking crises; bibliographic details preserved in original ordering.

### IMF Publications
- “Debt Maturity and the Use of Short-Term Debt: Evidence form Sovereigns and Firms” (with S. Chen, P. Ganum, L. Liu and L. Martinez). Departmental Paper No.19/03, 2019.
- “The Micro Impact of Macroprudential Policies: Firm-Level Evidence” (with M. Ayyagari and T. Beck). IMF Working Paper No. 18/267, 2018.
- “Casting Light on Central Bank Digital Currencies” (with T. Mancini-Griffoli, I. Agur, A. Ari, J. Kiff, A. Popescu and C. Rochon). Staff Discussion Notes No. 18/08, 2018.
- “The Effects of Higher Bank Capital Requirements on Credit in Peru, IMF Working Paper No. 18/222, 2018.
- “Tradeoffs in Bank Resolution” (with G. Dell'Ariccia, D. Igan, E. Awadzi, M. Dobler, and D. Sandri). Staff Discussion Notes No. 18/02, 2018.
- “Stress Testing of Financial Systems: A Review of the Issues, Methodologies, and FSAP Experiences,” (with W. Blaschke, M. Jones, and G. Majnoni). IMF Working Paper No. 01/88, 2001.

### Other Working Papers
- “Access to Finance and Job Growth: Firm-Level Evidence across Developing Countries (with M. Ayyagari, P. Juarros, and S. Singh). World Bank Policy Research Working Paper Series 7604, 2016.
- “The Impact of the Global Financial Crisis on Firms’ Capital Structure,” (with A. Demirguc-Kunt and T. Tressel). World Bank Policy Research Working Paper Series 7522, 2015.
- “The Impact of Credit Information Reforms on Firm Financing,” (with S. Singh). World Bank Policy Research Working Paper Series 7013, 2014.
- “International Remittances and Financial Inclusion in Sub-Saharan Africa,” (with G. Ayana Aga). World Bank Policy Research Working Paper Series 6991, 2014.
- “A Framework for Analyzing Competition in the Banking Sector: An Application to the Case of Jordan,” (with A. Demirguc-Kunt). World Bank Policy Research Working Paper 5499, 2010.
- “Firm Financing in India: Recent Trends and Patterns,” (with I. Love). World Bank Policy Research Working Paper 3476, 2005.
- “Understanding Devaluations in Latin America: A 'Bad Fundamentals' Approach,” Center for International and Development Economics Research. Working Paper C97-086, 1997.
- “Factors that Affect Short-Term Commercial Bank Lending to Developing Countries,” (with S. Gooptu). World Bank Policy Research Working Paper 886, 1992.

### Other Appointments, Honors, Awards
- 2017-2019: Member, CGD Task Force on Making Basel III Work for Emerging Markets and Developing Economies
- 2015: Visiting Researcher, Bank for International Settlements
- 2015: Visiting Researcher, CREI-Universitat Pompeu Fabra
- 2014: Visiting Fellow, Hong Kong Institute for Monetary Research, Hong Kong Monetary Authority
- 2013: VPU Team Award for the 2013 GFDR on the Role of the State in Finance
- 2012: Visiting Scholar, Dutch National Bank (De Nederlandsche Bank), Research Department
- 2010: FPD Academy Award for the paper “Bank Competition in the Middle East and Northern Africa Region,” with D. Anzoategui and R. Rocha
- 2009: VPU Team Award for work on the World Bank Policy Research Report “Finance for All? Policies and Pitfalls in Expanding Access”
- 2004-2008: World Bank Spot Awards for the organization of the Overview of Financial Sector Issues Course
- 2002-2003: World Bank Spot Awards for research on banking crises and on foreign bank entry
- 2000: World Bank Performance Award for work on El Salvador FSAP
- 2000: World Bank Spot Award for research on depositor discipline in Latin America
- 1998: Journal of Development Economics Dissertation Award
- 1997: U.C. Berkeley Outstanding Graduate Student Instructor Award
- 1996-97: Argentine Ministry of Education Research Scholarship
- 1996: Tinker Foundation Research Travel Grant
- 1993-94: Organization of American States Fellowship
- 1992: Stanford University Academic Distinction
- 1990-92: Stanford University Undergraduate Scholarship
- 1988-90: Universidad Católica Argentina Scholarship for Academic Excellence
- 1988-90: Universidad Católica Argentina Dean’s Honor Roll

### Referee Services
- Serves as referee for: American Economic Review; Economia; Economic Letters; Economics of Transition; European Economic Review; IMF Economic Review; International Finance; Journal of Applied Economics; Journal of Banking and Finance; Journal of Comparative Economics; Journal of Development Economics; Journal of Finance; Journal of Financial Economics; Journal of Financial Intermediation; Journal of Financial Stability; Journal of International Economics; Journal of International Money and Finance; Journal of Macroeconomics; Journal of Money, Credit and Banking; Open Economies Review; Review of Finance; Review of International Economics; World Bank Economic Review; World Development.

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_Source: https://www.imf.org/-/media/files/cv/pdfs/maria-martinezperia.pdf_