Manuel A. Muñoz serves as Senior Adviser at the Secretary General's Office of the Spanish Treasury. Prior to that he was Senior Lead Expert at the European Central Bank (2020 - 2023). He has been Senior Adviser for Financial Affairs at the Minister’s Office of the Spanish Ministry of Economy (2017 - 2020). He has served as Head of Service at the Spanish Treasury, first at the Financial Policy and Regulation Department and, then, at the Strategic Analysis and International Financial System Department (2015 - 2017). He has been a member of the Financial Innovation Network (FSB), the Analytical Group on Vulnerabilities or AGV Group (FSB) and the Expert Group on Barriers to the Free Movement of Capital (European Commission). He has been a Research Assistant at the Monetary Policy Research Division of the European Central Bank.
He holds a PhD in Economics and Finance (UCM, UV, UPV and UCLM) and a MSc in Specialized Economic Analysis (Barcelona School of Economics). He graduated in Economics at Universidad Autónoma de Madrid. He is a member of the Cuerpo Superior de Técnicos Comerciales y Economistas del Estado (Senior Corps of Spanish State Economists and Trade Experts) and of the “la Caixa” Fellowship Association. His research interests are in the fields of applied macroeconomics, monetary economics and banking.
VoxEU Column
Central bank digital currency and heterogeneous beliefs about bank stability: The role of public money as a store of value
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- Finance and Fintech ![](../../../../../../../../../../var/folders/34/zq18d8kx7kbgby0j06p_j6t40000gn/T/TemporaryItems/NSIRD_screencaptureui_EM2XPo/Screenshot 2022-01-04 at 17.01.16.png)
- Financial Regulation and Banking ![](../../../../../../../../../../var/folders/34/zq18d8kx7kbgby0j06p_j6t40000gn/T/TemporaryItems/NSIRD_screencaptureui_EM2XPo/Screenshot 2022-01-04 at 17.01.16.png)
- Monetary Policy
VoxEU Column
The optimal amount of central bank digital currency in circulation
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- Monetary Policy
VoxEU Column
Institutional real estate investors, leverage, and macroprudential regulation
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- Financial Markets ![](../../../../../../../../../../var/folders/34/zq18d8kx7kbgby0j06p_j6t40000gn/T/TemporaryItems/NSIRD_screencaptureui_EM2XPo/Screenshot 2022-01-04 at 17.01.16.png)
- Financial Regulation and Banking
VoxEU Column
Macroprudential policy and COVID-19: Restrict dividend distributions to significantly improve the effectiveness of the countercyclical capital buffer release
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![](../../../../../../../../../../var/folders/34/zq18d8kx7kbgby0j06p_j6t40000gn/T/TemporaryItems/NSIRD_screencaptureui_EM2XPo/Screenshot 2022-01-04 at 17.01.16.png)
- COVID-19 ![](../../../../../../../../../../var/folders/34/zq18d8kx7kbgby0j06p_j6t40000gn/T/TemporaryItems/NSIRD_screencaptureui_EM2XPo/Screenshot 2022-01-04 at 17.01.16.png)
- Financial Regulation and Banking ![](../../../../../../../../../../var/folders/34/zq18d8kx7kbgby0j06p_j6t40000gn/T/TemporaryItems/NSIRD_screencaptureui_EM2XPo/Screenshot 2022-01-04 at 17.01.16.png)
- Macroeconomic policy