José-Luis Peydró is ICREA Professor of Economics at UPF-CREI-Barcelona GSE, and Research Fellow of CEPR. Professor Peydró is also Associate Editor of the Review of Finance (journal of the European Finance Association). He is a member of the European Systemic Risk Board's Advisory Scientific Committee and has been an advisor to the Bank of Spain's Financial Stability Department since 2011 and previously worked at the European Central Bank. In 2015, he received a Consolidator Grant from the European Research Council (ERC). José Luis has written a book with Xavier Freixas and Luc Laeven on Systemic Risk, Crises and Macroprudential Policy, MIT Press, June 2015.