Popov, Alexander



Financial Research

Current position

Principal Economist

Fields of interest

Financial Economics



Other current responsibilities
  • Principal Economist in the Financial Research Division
  • MA in Slavic Studies, University of Sofia, 1999
  • MPP in Public Policy, University of Chicago, 2002
  • PhD in Economics, University of Chicago, 2007
Professional experience
  • ECB, 2007-currently
Teaching experience
  • Lecturer in Econometrics, University of Chicago College, 2007
  • Lecturer in Corporate Finance, Tilburg University, 2014
  • BankScope Prize for the best paper in banking at the 22nd Australasian Finance and Banking Conference, 2009
  • 4th Emerging Markets Finance Conference “Best paper”, 2014
  • Pagano-Zechner Prize for Best Paper published in the Review of Finance, 2016

ECB Working Paper Series


ECB Economic Bulletin Article

ECB Research bulletin

Journal publications

S. Ongena, A. Popov, N. van Horen
The Invisible Hand of the Government: Moral Suasion during the European Sovereign Debt Crisis
American Economic Journal: Macroeconomics
A. Ferrando. A. Popov, G. Udell
Do SMEs Benefit from Unconventional Monetary Policy and How? Microevidence from the Eurozone
Journal of Money, Credit and Banking
A. Popov, J. Rocholl
Do Credit Shocks Affect Labor Demand? Evidence for Employment and Wages during the Financial Crisis
Journal of Financial Intermediation, Vol. 36, 16-27
L. Laeven. S. Ongena
Waking Up from the American Dream: On the Experience of Young Americans during the Housing Boom of the 2000s
Journal of Money, Credit and Banking, Vol. 49(5), 861-895
A. Ferrando, A. Popov, G. Udell
Sovereign stress and SMEs’ access to finance: Evidence from the ECB's SAFE survey
Journal of Banking & Finance, Vol. 81(C), 65-80
S. Ongena, A. Popov
Gender Bias and Credit Access
Journal of Money, Credit and Banking, Vol. 48(8), 1691-1724
A. Popov
Monetary Policy, Bank Capital, and Credit Supply: A Role for Discouraged and Informally Rejected Firms
International Journal of Central Banking, Vol. 12(1), 95-141
S. Manganelli, A. Popov
Financial Development, Sectoral Reallocation, and Volatility: International Evidence
Journal of International Economics, Vol. 96(2), pp. 323-337
S. Corradin, A. Popov
House Prices, Home Equity Borrowing, and Entrepreneurship
Review of Financial Studies, Vol. 28(8), pp. 2399-2428
A. Popov
Credit Constraints and Investment in Human Capital: Training Evidence from Emerging Markets
Journal of Financial Intermediation, Vol. 23(1), pp. 76-100
A. Popov
Credit Constraints, Equity Market Liberalization, and Growth Rate Asymmetry
Journal of Development Economics, Vol. 107(1), pp. 202-214
A. Popov
Venture Capital and Industry Structure: Evidence from Local U.S. Markets
Review of Finance, Vol. 18(3), pp. 1059-1096
S. Ongena, A. Popov, G. Udell
'When the Cat's Away the Mice Will Play': Does Regulation At Home Affect Bank Risk Taking Abroad?
Journal of Financial Economics, Vol. 108(3), pp. 727-750
S. Manganelli, A. Popov
Financial Dependence, Global Growth Opportunities, and Growth Revisted
Economics Letters, Vol. 120(1), pp. 123-135
A. Popov, P. Roosenboom
Venture Capital and New Business Creation
Journal of Banking & Finance, Vol. 37(12), pp. 4695-4710
A. Popov, G. Udell
Cross-Border Banking, Credit Access, and the Financial Crisis
Journal of International Economics, Vol. 87(1), pp. 147-161
A. Popov, P. Roosenboom
Venture Capital and Patented Innovation: Evidence from Europe
Economic Policy, Vol. 28(71), pp. 447-482
M. Brown, S. Ongena, A. Popov, P. Yesin
Who Needs Credit and Who Gets Credit in Eastern Europe?
Economic Policy, Vol. 26(65), pp. 93-130
A. Popov, S. Ongena
Interbank Market Integration, Loan Rates, and Firm Leverage
Journal of Banking & Finance, Vol. 35(3), 544-560