Edited by Thorsten Beck - Vox

About the authors
The Future of Banking
Markus K. Brunnermeier is the Edwards S. Sanford Professor of Economics at
Princeton University and a CEPR Research Fellow. His research focuses on financial
markets and the macroeconomy with special emphasis on bubbles, liquidity, financial
stability and its implication for financial regulation and monetary policy. His models
incorporate frictions as well as behavioral elements.
Luis Garicano is Professor at the London School of Economics, where he holds a
Chair in Economics and Strategy at the Departments of Management and of Economics,
and a CEPR Research Fellow. His research focuses on the determinants of economic
performance at the firm and economy-wide levels, on the consequences of globalization
and information technology for economic growth, inequality and productivity, and
on the architecture of institutions and economic systems to minimize incentive and
bounded rationality problems.
Philip R. Lane is Professor of International Macroeconomics at Trinity College Dublin
and a CEPR Research Fellow. His research interests include financial globalisation, the
macroeconomics of exchange rates and capital flows, macroeconomic policy design,
European Monetary Union, and the Irish economy.
Marco Pagano is Professor of Economics at University of Naples Federico II, President
of the Einaudi Institute for Economics and Finance (EIEF) and a CEPR Research
Fellow. Most of his research is in the area of financial economics, especially in the
fields of corporate finance, banking and stock market microstructure. He has also done
research in macroeconomics, especially on its interactions with financial markets.
Ricardo A. M. R. Reis is a Professor of Economics at Columbia University and a
CEPR Research Fellow. His main area of research is macroeconomics, both theoretical
and applied, and some of his past work has focused on understanding why people
are inattentive, why information spreads slowly, inflation dynamics, building better
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