Prof. Emilia Garcia-Appendini

Emilia Garcia-Appendini is Associate Professor of Banking and Financial Intermediation at the University of St.Gallen. She obtained her PhD in Economics and Finance (cum laude) in 2007 from Pompeu Fabra University in Barcelona. After her PhD she held several academic positions at Bocconi University in Milan, at the University of St. Gallen and at the University of Zurich. During that time she was also a visiting researcher in the Federal Reserve Bank of Boston and the Bank for International Settlements. Since 2023, she is a Senior Research Economist at Norges Bank, the central bank of Norway.

Prof. Garcia-Appendini’s research lies at the intersection of banking and corporate finance, analyzing for example the role of supply chain financing (“trade credit”) in the economy, the role of culture in firms’ and banks’ financial decisions, the transmission of monetary policy, and more recently the role of banks and the financial sector in propagating or mitigating climate risks. She regularly presents her work in international academic and policy-relevant conferences. In her most recent work she focuses, for example, on the role of bank credit for the financing of small and medium firms’ transition to clean technologies, or on how sensitive firms’ investments in green technologies are to changes in the interest rate. 

• Financial Markets
  • Central Banks and Monetary Policy
  • Financial Crises
  • Systemic Risk and Regulation
• Financial Institutions
  • Banks
• Corporate Finance and Governance
  • Bankruptcy and Liquidation
  • Capital Budgeting and Investment Policy
  • Financing Policy and Capital Structure