Enric Martorell


Senior Economist
Financial Stability Department
Banco de España


Welcome to my website!

I am a Senior Economist at the Financial Stability Department of Banco de España.

I hold a PhD in Economics from the University of Edinburgh, an MSc in Economic Analysis from Universitat Autònoma de Barcelona and a BSc in Economics from Universitat de Girona.

My research interests are in the broad fields of macroeconomics, finance and growth.

Contact: [email protected]


Working Papers


  • Monetary policy, bank leverage and systemic risk-taking
    with K. Aoki and K. Nikolov | [SSRN]
    Presented at: 31st Finance Forum (Tenerife, 2024), 55th MMF Annual Conference (Manchester, 2024), IFABS (Oxford, 2025), Midwest Macro Meeting (Kansas City, 2025)

Academic Publications


  • Climate transition risk and the role of bank capital requirements | Economic Modelling, 135, 106724 | 2024
    with S. Garcia-Villegas | [BdE WP 2410] [SUERF Policy Brief No. 931] [Published version]
    Presented at: ICBFA (Montpellier, 2023), 17th Dynare Conference (Malta, 2023), 8th Green Finance Research Advances (Banque de France, 2023), SED Meeting (Barcelona, 2024), NFGS-ENR Seminar (Online, 2024)

Policy Reports


  • Analysis of cyclical systemic risks and their mitigation through countercylcical bank capital
    requirements | 2024
    with A. Estrada et al. | [BdE OP 2414]

  • Towards macroprudential frameworks for managing climate risk | 2023
    ECB/ESRB Project team on climate risk | [ESRB Report]

Dormant Projects

  • Transfer progressivity and development | 2022
    with L. de Magalhaes, A. Rodriguez-Sala and R. Santaeulàlia-Llopis
    Presented at: SITE (Stanford, 2022), SED Meeting (Cartagena, 2023)

Discussions

  • A macroeconomic model of CBDC
    by Pascal Paul, Mauricio Ulate and Cynthia Wu
    Dicussed at: 9th Emerging Scholars in Banking and Finance (London, 2024)

  • Naïves consumers and financial mistakes
    by Florian Exler and Alexander Hansak
    Dicussed at: 31st Finance Forum (Tenerife, 2023)

Disclaimer: The views expressed in this website do not reflect those of Banco de España or the Eurosystem.