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Research Staff

Picture of Ignacio Hernando Castellet

Disclaimer. The Curriculum Vitae in this page, and any links from this page to websites outside of the www.bde.es domain, are the sole responsibility of Ignacio Hernando Castellet. The Banco de España is not responsible for their content.

Ignacio Hernando Castellet

Division Head
International Economics Division
Assoc. DG International Affairs

Contact Information

  • Address: Calle Alcalá 48, 28014 Madrid, España
  • e-mail:

Fields of Interest

  • No fields of interest specified.

JEL Codes

  • No JEL Codes specified.

Curriculum Vitae

Selected Publications and Working Papers

  • “Price setting behaviour in Spain: Evidence from micro PPI data”
    Luis J. Álvarez, Pablo Burriel and Ignacio Hernando (2010-03)
    Managerial and Decision Economics - 31 (2-3), pp. 105-121
    JEL codes: E31, D40
  • “Price setting behaviour in Spain: evidence from consumer price micro-data”
    L.J. Álvarez (2006-01)
    Economic Modelling - 23 (4), 699-716
  • “The impact of financial variables on firms’ real decisions: evidence from Spanish firm-level data”
    Ignacio Hernando and Carmen Martínez-Carrascal (2008-01)
    Journal of Macroeconomics - 30 (1), 543-561
    JEL codes: C33, E22, G32, J23
  • M&As performance in the European financial industry”
    José Manuel Campa and Ignacio Hernando (2006-12)
    Journal of Banking and Finance - 30 (12), pp. 3367-3392.
  • “The reaction by industry insiders to M&As in the European financial industry”
    José Manuel Campa and Ignacio Hernando (2008-01)
    Journal of Financial Services Research - 33 (2), 127-146
    JEL codes: G20, G34
  • “Labour demand, flexible contracts and financial factors: new evidence from Spain”
    Andrew Benito and Ignacio Hernando (2008-06)
    Oxford Bulletin of Economics and Statistics - 70 (3), pp. 283-301
  • “Determinants of Domestic and Cross Border Bank Acquisitions in the EU
    María J. Nieto, Ignacio Hernando and Larry D. Wall (2009-06)
    Journal of Banking and Finance - 33 (6), 1022-1032
    JEL codes: G21, G34
  • “What do premiums paid for bank M&As reflect? The case of the European Union”
    Jens Hagendorff, Ignacio Hernando, María J. Nieto, and Larry D. Wall (2012-01)
    Journal of Banking and Finance - 36 (3), pp 749-759

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