JUAN S. MORA-SANGUINETTI CURRICULUM VITAE (June 2015)

JUAN S. MORA-SANGUINETTI CURRICULUM VITAE (June 2015) Current position: Senior Economist Banco de España Eurosystem Economic Analysis and Forecasting Dept. Contact: Alcalá 48, 28014 Madrid, Spain Email: juans.mora@bde.es Tel.: +34 913385197 APPOINTMENTS 2012 Bank of Spain Eurosystem (January 2012 ) (permanent position). Senior Economist. (Economic Analysis and Forecasting Department) and Staff Representative 2010 OECD (February 2010 December 2011). Economist. Economics Department, Country Studies Branch. 2006 Bank of Spain Eurosystem (February 2006 February 2010). Senior Economist. Economic Analysis and Forecasting Dept. Economic Policy Analysis Division. 2004 Deloitte & Touche (February May) Consultancy (financial and banking sector). 2003 Universidad Carlos III de Madrid (September 2003 June 2004) Research Assistant, Department of Economics. 2001 Arthur Andersen (September November) Consultancy (Public sector analysis: governance, education and health). VISITING POSITIONS 2014 Singapore Management University (SMU) (Singapore) (November). Visiting Scholar. 2005, 2008 University of Iowa (USA) (June July) Postgraduate visiting researcher. EDUCATION 2009 Ph.D. Economics (Economic History and Institutions). Universidad Carlos III de Madrid. Title: The effect of institutions on the European housing markets: an economic analysis. Highest honours (cum laude) European doctoral mention awarded. 2005 Master of Research (MRes) in Economics. European University Institute (IUE) (IT) 2004 Degree in Law. Universidad Carlos III de Madrid (ES) - Tilburg University (NL) Award to the best academic record (ranked 1/288) Extraordinary Award to the best Law graduate of the University 2004 Degree in Economics. Universidad Carlos III de Madrid (ES) - Tilburg University (NL) Award to the best academic record (ranked 1/59) LANGUAGES Spanish, English, French, and Italian. 1

REFEREED JOURNAL ARTICLES * Mora-Sanguinetti, J. S. and N. Garoupa (2015) Do lawyers induce litigation? Evidence from Spain, 2001-2010. International Review of Law and Economics (forthcoming). * Doménech, G. and J. S. Mora-Sanguinetti (2015). El mito de la especialización judicial. Indret 1/2015. 1-32. * García-Posada, M. and J. S. Mora-Sanguinetti (2015). Does (average) size matter? Court enforcement, business demography and firm growth. Small Business Economics Journal 44 (3), 639-669. DOI: 10.1007/s11187-014-9615-z. * García-Posada, M. and J. S. Mora-Sanguinetti (2014). Entrepreneurship and Enforcement Institutions: Disaggregated Evidence for Spain European Journal of Law and Economics (forthcoming). DOI: 10.1007/s10657-014-9470-z. * Mora-Sanguinetti, J. S. and M. Rubio (2014). Recent Reforms in Spanish Housing Markets: An Evaluation using a DSGE Model. Economic Modelling 44 (Supplement 1), S42-S49. DOI: 10.1016/j.econmod.2014.04.028 * García-Posada, M. and J. S. Mora-Sanguinetti (2014). Are there alternatives to bankruptcy? A study of small business distress in Spain. SERIEs, Journal of the Spanish Economic Association 5 (2-3). 287-332. * Wölfl, A. and J. S. Mora-Sanguinetti (2013). Labor market reform in Spain (reprinted). Moneda y Crédito 235. 139-171. * Mora-Sanguinetti, J. S. (2013). Les causes de la faiblesse du marché du logement locatif en Espagne : Les effets de la réglementation, de la protection juridique et de la fiscalité. OFCE Revue 128. 218-243. * Wölfl, A. and J. S. Mora-Sanguinetti (2012). Improving the functioning of the Spanish labour market - Why the 2010 and 2011 reforms were not yet sufficient. Moneda y Crédito 234. 129-161. * Matea, M. L. and J. S. Mora-Sanguinetti (2012). El comercio minorista después de una década de regulación autonómica: efectos en la densidad comercial, el empleo y la inflación. Revista de Economía Aplicada vol. XX (59). 5-54. * Mora-Sanguinetti, J. S. (2012). Is judicial inefficacy increasing the weight of the house property market in Spain? Evidence at the local level. SERIEs, Journal of the Spanish Economic Association 3 (3). 339-365. * Mora-Sanguinetti, J.S. and P. Hernández de Cos (2011). An assessment of the reform of the Spanish competition framework. World Competition Law and Economics Review 34(3). 477-493. * Mora-Sanguinetti J. S. (2011). The Regulation of Residential Tenancy Markets in Post-War Western Europe: An Economic Analysis. European Journal of Comparative Economics 8(1). 47-75. * Mora-Sanguinetti, J. S. (2010). A Characterization of the Judicial System in Spain: Analysis with Formalism Indices. Economic Analysis of Law Review 1 (2). 210-240. * López Román, E. and J. S. Mora (2009). Un análisis de la estructura institucional de protección de datos en España. Indret 2/2009. 1-34. OTHER ARTICLES (* = formally refereed) * Jimeno, J. F., Martínez-Matute, M. and J.S. Mora-Sanguinetti (2015) Employment Protection Legislation and Labor Courts Activity in Spain. Working Paper 1507 Banco de España. * Mora-Sanguinetti, J. S. and N. Garoupa (2015) Litigation in Spain 2001-2010: Exploring the market for legal services. Working Paper 1505 Banco de España. Mora-Sanguinetti, J. S. and M. Martínez-Matute (2014) La regulación en el mercado de productos en España según los indicadores de la OCDE. Boletín Económico-Banco de España 12. 45-54. * García-Posada, M. and J. S. Mora-Sanguinetti (2014). Entrepreneurship and enforcement institutions: Disaggregated evidence for Spain. Working Paper 1405 Banco de España. Mora-Sanguinetti, J. S. y F. Gómez Pomar (2014) Males de la justicia: analizando los datos. Indret 1/2014 (Editorial 1). 1-7. Mora-Sanguinetti, J. S. (2013). La economía española de aquí al 2050: Qué nos depara el futuro? Revista AAUC3M. 8. 30-31. Mora-Sanguinetti, J. S. (2013) El funcionamiento del sistema judicial: nueva evidencia comparada. Boletín Económico-Banco de España 11. 57-67. 2

* García-Posada, M. and J. S. Mora-Sanguinetti (2013). Are There Alternatives to Bankruptcy? A Study of Small Business Distress in Spain. Working Paper 1315 Banco de España. Mora-Sanguinetti, J. S. and M. Rubio (2013). Recent Reforms in Spanish Housing Markets: An Evaluation using a DSGE Model. University of Nottingham Centre for Finance and Credit Markets: Working Paper 13/03. Palumbo, G., Giupponi, G., Nunziata, L. and J. S. Mora-Sanguinetti (2013). The Economics of Civil Justice: New Cross-Country Data and Empirics. OECD Economics Department Working Papers No. 1060. Palumbo, G., Giupponi, G., Nunziata, L. and J. S. Mora-Sanguinetti (2013). Judicial performance and its determinants: a cross-country perspective. OECD Economic Policy Paper No.5. * García-Posada, M. and J. S. Mora-Sanguinetti (2013). Firm size and judicial efficacy: Evidence for the new civil procedures in Spain. Working Paper 1303 Banco de España. García-Posada, M. and J. S. Mora-Sanguinetti (2012). El uso de los concursos de acreedores en España. Boletín Económico-Banco de España 12. * García-Posada, M. and J. S. Mora-Sanguinetti (2012). Why do Spanish firms rarely use the bankruptcy system? The role of the mortgage institution. Working Paper 1234 Banco de España. Mora-Sanguinetti, J. S. and A. Fuentes (2012). An analysis of productivity performance in Spain before and during the crisis: exploring the role of institutions. OECD Economics Department Working paper No. 973. * Mora-Sanguinetti, J. S. (2010) Is judicial inefficiency increasing the house property market weight in Spain? Evidence at the local level. Working Paper 1025 Banco de España. Mora-Sanguinetti, J. S. (2011) Algunas consideraciones sobre el mercado de alquiler en España. Boletín Económico-Banco de España 11. 80-91. Wölfl, A. and J.S. Mora-Sanguinetti (2011). Reforming the labour market in Spain. OECD Economics Department Working paper No. 845. Mora J. S. (2008). The institutions of house tenancy markets in post-war Western Europe: an economic analysis. Working Papers in Economic History. Wp 08-11. Universidad Carlos III de Madrid. Mora, J. S. (2009) A characterization of the judicial system in Spain: Analysis with formalism indices. FEDEA Working Papers 2009-23. * Matea, M. L. and J. S. Mora (2009). Developments in retail trade regulation in Spain and their macroeconomic implications. Working Paper 0908 Banco de España. Mora, J. S. (2009) Libertad de horarios, pequeño comercio y grandes superficies. Revista de Libros de Economía y Empresa IV (2). 9-12. Hernández de Cos, P. and J. S. Mora (2008) La reforma del sistema español de defensa de la competencia. Boletín Económico-Banco de España 5. 56-66. Matea, M. L. and J. S. Mora (2007) Una aproximación a la regulación del comercio al por menor a partir de indicadores sintéticos. Boletín Económico-Banco de España 10. 90-100. Mora, J. S. (2006) Neuroeconomía y decision. Estrategia Global, 15, 40-43 (2006). RESEARCH PROJECTS IN PREPARATION Portela, C. and J. S. Mora-Sanguinetti Aid Sanctions and Autocratic Rule: How much does regime type matter? Mora-Sanguinetti, J.S., M. García-Posada and M. Martínez-Matute. Judicial enforcement procedures and credit: lessons from the last decade in Spain. García-Posada, M., A. Lacuesta, M. Martínez-Matute and J. S. Mora-Sanguinetti. Liquidating everything! How too pro-creditor insolvency institutions hindered productivity performance in Spain. PUBLISHED BOOKS Mora-Sanguinetti, J. S. (2010). The effect of institutions on the European housing markets: an economic analysis. Estudios Económicos No. 77, Banco de España. Madrid. Beynet, P. Fuentes, A., Wölfl, A. and J.S. Mora-Sanguinetti OECD (2010). Economic Survey of Spain 2010. OECD Publishing. Paris. 3

ACADEMIC SERVICE AND OTHER PROFESSIONAL ACTIVITIES Representation of Spain in international committees: o OECD (Working Party 1)(Paris) o European Union (LIME meeting) (Brussels). o European Union (EPC) (Brussels). Referee: o Investigaciones Económicas, Indret, Hacienda Pública Española, SERIEs- Journal of the Spanish Economic Association, Asociación Española de Derecho y Economía, European Law and Economics Association, Revista de Economía Aplicada, European Journal of Law and Economics, Review of Law and Economics, The Spanish Review of Financial Economics, Economic Modelling. Thesis committee member/evaluator: o Camilo Zabala (2014). La insolvencia de la persona física: análisis económico de los determinantes de reforma para el caso español. Universidad Complutense-Fundación Ortega y Gasset. Master in Law and Economics. o Daniela Morales (2014). Evaluación económica de la sustracción de reservas en Colombia Universidad Complutense-Fundación Ortega y Gasset. Master in Law and Economics. o Beatriz Mondragón (2013) Efectividad y regulación de los contratos tipo en la prestación de servicios financieros. Un análisis económico Fundación Ortega y Gasset. Master in Law and Economics. o Javier Duarte de Ochoa (2013) La gestión de la política económica en un estado descentralizado: el caso de México. Departamento de Economía Aplicada IV. Universidad Complutense de Madrid. o Alejandro Celi de la Mota (2012) Bank of the South (Unasur): economic analysis of the independence and financial stability of South America Fundación Ortega y Gasset. Master in Law and Economics. o Daniel Martín Fernández (2011) Corporate Governance in Emerging Markets. École Supérieure de Commerce de Paris- ESCP (Business School). Teaching: o Master in Law & Economics. Fundación Ortega y Gasset & Universidad Complutense de Madrid. Spain. Lectures on: Law and Economics I (2012, 2013, 2014). Teaching evaluation survey: 4.82/5. Other: o Member of the scholarships commission (becas alumni) of the Universidad Carlos III de Madrid: 2012 edition, 2013 edition. o Member of the Italian Society of Law and Economics (December 2012). o Member of the European Association of Law and Economics (September 2012). o Member of the Academic Council of the Spanish Society of Law and Economics (AEDE) (since June 2012). Member of the organizing committee of the V and VI annual conferences (AEDE) 2014 and 2015. Member of the jury of the 2014 AEDE-ADCA prize to the best paper on antitrust. o Member of the Madrid Bar Association (Colegio de Abogados de Madrid) (since august 2010). AWARDS AND SCHOLARSHIPS 2010 Universidad Carlos III de Madrid. Alumni Excellence Award (Premios de Excelencia). 2005 European University Institute. Bursar from the for research activities at the University of Iowa (USA). June 2005. 4

2005 Universidad Carlos III de Madrid. Extraordinary Award to the best Law graduate of the University (highest academic honour to Law students). 2005 Universidad Carlos III de Madrid. Award to the best academic record in both degrees (licenciaturas) of Economics and Law (highest overall grades). 2005 Ministry of Foreign Affairs of Spain. Salvador de Madariaga Scholarship for the studies in the European University Institute (Florence). Academic course 2004-2005. 2005 Fundacion Asturiana Estudios Avanzados. Scholarship for the courses of La Granda (Universidad de Oviedo) (July 2004). 2003 Ministry of Education of Spain. Scholarship for research activities at the Department of Economics, Universidad Carlos III Madrid (2003-2004) ( Beca de Colaboración ). 2003 Universidad Marqués de Santillana. Scholarship for the Summer course El modelo Económico Español de la última década 1993-2003. Guadalajara 2003 (14-17 July) 2002 European Union. Erasmus Scholarship. August 2002- January 2003 in Tilburg University (The Netherlands). Faculty of Economics and Business Administration. 2001 Fundación General Universidad Complutense. Scholarship for the course Los protagonistas de la Guerra Civil (1936-1939): Entre la ética y el extremismo. 2-6 July 2001. 2000 Universidad Carlos III de Madrid. Scholarship for the course La Historia de los Derechos Fundamentales: El siglo XVIII of the University of Cantabria. 28 August-1 September 2000. 1999 Fundación General Universidad Complutense. Scholarship for the course La Unión Europea en sus desafíos y consecuencias para España en el periodo 2000-2006. 12-16 July 1999. PRESENTATIONS 2015 UIMP (Santander) (VI Annual Conference of the Spanish Association of Law & Economics), Universidad de Salamanca (Seminar, Master of Law and Economics). Banco de España Eurosystem (Research seminar). Universitat de Barcelona (IL3, Master en Derecho TIC). 2014 Universitat de les Illes Balears (Palma de Mallorca) (XXXIX Simposio Spanish Economic Association (SAEe). Università di Roma (La Sapienza) (invited conference: Conference of the European Statistics Stakeholders). Singapore Management University (invited seminar), Universitat de Valencia (Jornada Justicia y Economía ), Universidad de Málaga (V Annual Conference Spanish Association of Law & Economics). Universidad de Salamanca (Seminar, Master of Law and Economics). Universitat de Barcelona (IL3, Master en Derecho TIC), Universidad de Navarra (research seminar). Universitat de Valencia (Master oficial en Derecho Administrativo). Universitat de Girona (XXI Encuentro de Economía Pública). Nottingham University (CFCM Research seminar). 2013 Universidad de Cantabria (Santander) (XXXVIII Simposio - Spanish Economic Association (SAEe). Université Paris Ouest-Nanterre (Workshop The Professions between Competition and Regulation: Interdisciplinary Perspectives ). Stockholm University (Workshop on Regulations, Entrepreneurship and Firm Dynamics). Universitat Pompeu Fabra (Research seminar). Universidad de Granada (IV Annual Conference Spanish Association of Law & Economics). Universidad de Granada (XVI Applied Economics Meeting). Universidad de Zaragoza (VI Ciclo de conferencias de Economía Internacional). Universidad Rey Juan Carlos (Finance & Investment Club). Banco de España Eurosystem (4) (Research seminar). 2012 Università degli Studi di Roma Tre (Italy) (8th Annual Conference, Italian Society of Law and Economics). Fundación FIDE (Madrid) (Conference: La justicia, su coste y eficiencia). OFCE - Sciences Po (Paris) (Journée d étude VILLE ET LOGEMENT). Universidad Rey Juan Carlos (Jornadas de Política Monetaria, Bancos Centrales y Derivados Financieros). Stockholm University (European Association of Law and Economics, 29 th annual meeting). Fundación Ortega y Gasset (Master in Economic Analysis of Law). Banco de España - Eurosystem (2) (Research seminar). Universitat de València (AEDE III Annual Conference). 2011 Harvard University (VIII Course in Law and Economics), OECD. Economics Department (2) (Research seminar). Institut Français de Géopolitique - Université Paris 8 (Vincennes-Saint Denis). 5

Universidad Carlos III de Madrid (Spain) (invited lecture at the graduation ceremony of the university). XXIV Symposium Moneda y Crédito (Bank Santander Foundation, Madrid). 2010 French Ministry of Economics (Paris, France). Universidad Carlos III de Madrid (Spain) ( Presentantion, Department of Economic History and Institutions). 2009 National Competition Authority (CNC) (Madrid, Spain). Universidad de Salamanca (Spain) (Master in Law & Economics and Public Policies). Universidad Carlos III de Madrid (Spain) (Presentation Department of Economic History and Institutions). 2008 Università di Bologna (Italy) (IV Annual Conference SIDE-Italian Society of Law and Economics). Universitat Pompeu Fabra (Barcelona, Spain). Universidad Carlos III de Madrid (Spain). Universidad Complutense (Madrid, Spain) (Summer school). 2007 Tartu University (Estonia) (II Summer School ESF-CEPR Globaleuronet Network). Universitat de Valencia (Valencia, Spain) (VIII Economic Policy Symposium). Universidad Carlos III de Madrid (Spain) (Presentation, Department of Economic History and Institutions). 2006 Harvard University (III Harvard Course in Law and Economics) (Cambridge, USA). Banco de España - Eurosystem (Madrid, Spain) (Research Seminar). MEDIA COVERAGE Expansión (Madrid, Spain) (Press) [24/4/2015] (covering: Employment Protection Legislation and Labor Courts Activity in Spain ). El Mundo (Madrid, Spain) (Internet press) [1/4/2015] (covering: La regulación en el mercado de productos en España según los indicadores de la OCDE ). Expansión (Madrid, Spain) (Press) [25/3/2015] (covering: Litigation in Spain 2001-2010: Exploring the market for legal services ). El Economista (Madrid, Spain)(Press) [16/2/2015] (covering: La regulación en el mercado de productos en España según los indicadores de la OCDE ). Expansión (Madrid, Spain) (Press) [14/1/2015] (covering: La regulación en el mercado de productos en España según los indicadores de la OCDE ). The Atlantic (Boston, USA) (Press) [9/10/2014] (covering: The Regulation of Residential Tenancy Markets in Post-War Western Europe: An Economic Analysis ). The Economist (London, UK) (Press) [19/4/2014] (covering: The Economics of Civil Justice: New Cross-Country Data and Empirics ). Expansión (Madrid, Spain) (Press) [10/4/2014] (covering: Entrepreneurship and Enforcement Institutions: Disaggregated Evidence for Spain ). La Sexta ( El Objetivo, TV program) [10/2/2014] (covering: The Economics of Civil Justice: New Cross-Country Data and Empirics ). Expansión (Madrid, Spain) (Press) [10 December 2013] (covering: El funcionamiento del sistema judicial: nueva evidencia comparada ). La Sexta (TV news) [12/5/2012] (covering: Alumni Scholarships Commission) Expansión (Madrid, Spain) (Press) [4 June 2009] (covering: Developments in retail trade regulation in Spain and their macroeconomic implications ). SELECTED COURSES 2014 (28 August-1 September) Summer School in Economics and Finance 2014 (CEMFI) (Madrid) Panel Data Econometrics (Jeffrey Wooldridge). 2011 (17-21 October) VIII Harvard Course in Law and Economics (Harvard University, Cambridge, Massachusetts). 2009 (6-10 July). Barcelona GSE Microeconometrics Summer School. Dynamic Panel Data Models and non-linear panel data models. 6

2007 (3-7 September) Summer School in Economics and Finance 2007 (CEMFI) (Madrid) Panel Data Econometrics (Steve Bond). 2006 (23-27 October) III Harvard Course in Law and Economics (Harvard University, Cambridge, Massachusetts) 2006 (28 August-1 September) Summer School in Economics and Finance 2006 (CEMFI) (Madrid) Casual Inference and Public Program Evaluation. 2006 (20-26 June) Barcelona Macroeconomics Summer School 2006 (CREI/UPF) (Barcelona) Economics Growth and Development. 7