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Prof. Marco Pagano, PhD

University of Naples Federico II

Cluster position ECONtribute Research Fellow

Cluster member since 2021

Research Areas

Main research topics

Labor and finance, banking, market microstructure


Marco Pagano is Professor of Finance at University of Naples Federico II and Director of the Centre for Studies in Economics and Finance (CSEF). He holds a B.A. from Cambridge University and a Ph.D. from MIT, and taught at Bocconi University and Imperial College. From 2004 to 2011 he was managing editor of the Review of Finance with Josef Zechner. From 2011 to 2019 he was the president of the Einaudi Institute for Economics and Finance (EIEF) and chaired the Advisory Scientific Committee of the European Systemic Risk Board (ESRB). From 2011 to 2017 he had an ERC Advanced Grant for a project on Finance and Labor. His research is in the area of finance, chiefly banking, corporate finance and market microstructure. He has also produced research at the interface between finance and others fields, namely macroeconomics, law and labor economics. His work has appeared in the American Economic Review, Review of Economic Studies, Quarterly Journal of Economics, Journal of Finance, Review of Financial Studies, Review of Finance, RAND Journal of Economics, Journal of the European Economic Association and Economic Policy. In 2013 he published the book Market Liquidity: Theory, Evidence and Policy, jointly with Thierry Foucault and Ailsa Roëll.