Speech by Luis de Guindos, Vice-President of the ECB, at the ceremony to award the 21st Germán Bernácer Prize for Promoting Economic Research in Europe to Matteo Maggiori

We are meeting today to award the Germán Bernácer Prize for outstanding contributions in the fields of macroeconomics and finance to a young European economist, Matteo Maggiori.^[1] This 21st edition of the prize^[2] honours Matteo “for his influential research on international finance and macroeconomics, including asset pricing and exchange rate dynamics”. I am delighted to be here today to celebrate his achievements with you.

Matteo’s research sheds light on many important aspects of international macroeconomics and finance under a common overarching theme: the role of imperfect financial markets.^[3] A non-exhaustive list of his research includes: the international financial system; reserve currencies; tax havens; global capital flows and portfolio investment; exchange rate dynamics;…