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Finance, Carlson3-135 CarlSMgmt612firstname.lastname@example.org
Santiago Bazdresch is an Assistant Professor at the Finance Department at the Carlson School of Management, University of Minnesota. His research interests include understanding the dynamic features of firms' behavior in terms of their corporate finance decisions and in terms of the riskiness of claims on their cash flows. Within this area of research, he has studied how costs of financial transactions affect the dynamics of a firm's capital structure, how the hiring or firing of workers is associated with a firm´s systematic risk, how to evaluate quantitative capital structure models and how product differentiation is related to systematic risk. He is also interested in international finance topics. Within this area he has studied the stochastic properties of the peso/dollar exchange rate, the contagion of international financial crises and how financial flows into a country affect the labor market and firms' characteristics. He holds a BA in Applied Math from ITAM and a PhD in Economics from Yale University and previously worked at the central bank of Mexico.
The Role of Non-Convex Costs in Firm’s Financial Dynamics, Journal of Economic Dynamics and Control, 2013.
Labor Hiring, Investment and Stock Return Predictability in the Cross Section, with Frederico Belo and Xiaoji Lin, 2013, Conditionally Accepted, Journal of Political Economy.
"Regime Switching Models for the Mexican Peso," Santiago Bazdresch and Alejandro Werner, Journal of International Economics (January 2005).
"Contagion of International Financial Crises: The Case of Mexico," Santiago Bazdresch and Alejandro Werner, International Financial Contagion, eds. Stijn Claessens and Kristin Forbes (Kluwer Academic, 2001).
"Empirical Policy Functions as Benchmarks for Evaluation of Dynamic Models," with Jay Kahn and Toni Whited, (Nov. 2013).
Finance and Employment Formalization: Evidence from Mexico's Income-Expenditure Surveys, 2000-2010
"Moderate Inflation and Instability in the Inflationary Process," Santiago Bazdresch and Alejandro Werner, El Trimestre Economico (October 2001).
Product Differentiation and Systematic Risk: Theory and Empirical Evidence
FINA 4621 The Global Economy (Macro) Sec. 001
FINA 4621 The Global Economy (Macro) Sec. 002
Dynamic models of firms' corporate finance and investment decisions
Models of firms' characteristics, idiosyncratic and systematic riskiness and the cross section of expected returns.
Financial development in Mexico: financial contagion, exchange rates, the effects of financial slack on firms and employment, and the evolution of local debt markets.
Ph.D., 2007EconomicsYale University, New Haven, CT
B.A., 2000Applied MathematicsITAM, Mexico City, Mexico
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