Photo of Emilio Osambela

Emilio Osambela

Education

  • Ph.D., Finance, HEC Lausanne and Swiss Finance Institute, 2009
  • M.Sc., Economics, Universitat Pompeu Fabra, 2004
  • B.Sc., Economics, Universidad del Pacifico, 2001
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2016 - present
  • Assistant Professor of Finance

    Tepper School of Business, Carnegie Mellon University

    2009 - 2016
  • Consultant

    Inter-American Development Bank

    2006 - 2008
  • Dumas, Bernard, Karen K. Lewis, and Emilio Osambela (2017). "Differences of Opinion and International Equity Markets," Review of Financial Studies, vol. 30, no. 3, pp. 750-800.
  • Baker, Steven D., Burton Hollifield, and Emilio Osambela (2016). "Disagreement, Speculation, and Aggregate Investment," Journal of Financial Economics, vol. 119, no. 1, pp. 210-225.
  • Osambela, Emilio (2015). "Differences of Opinion, Endogenous Liquidity, and Asset Prices," Review of Financial Studies, vol. 28, no. 7, pp. 1914-1959.
  • Naranjo, Martin and Emilio Osambela (2004). "Issues Related to Financial Safety Nets and Regional Integration in the Context of the Andean Community," Integration and Trade Journal, vol. 8, no. 20, pp. 141–182.
  • Naranjo, Martin, Oscar Basso, and Emilio Osambela (2004). "Global Evaluation of the Financial Safety Net in the Andean Countries: Is it feasible to adopt Basel II?" Revista Economía y Sociedad, no. 53, pp. 22–29.
  • Naranjo, Martin, and Emilio Osambela (2004). "From Financial Crisis to Correction," in Thomas, Desmond ed. Revitalizing the Jamaican Economy: Policies for Sustained Growth. Inter-American Development Bank, pp. 119–152.
  • discussion

    June 2017

    ITAM Finance Conference

    A Theory of Multi-Period Debt Structure (Huang, Oehmke, and Zhong)

  • seminar

    March 2017

    Luxembourg School of Finance

    Preventing Controversial Catastrophes

  • discussion

    February 2017

    Financial Management Association Latin American Conference

    Robust Portfolio Optimization When Asset Prices Can Jump (Ait-Sahalia and Matthys)

  • seminar

    October 2016

    ITAM

    Preventing Controversial Catastrophes

  • discussion

    June 2016

    Western Finance Association annual meeting

    Investor Protection and Asset Prices (Basak, Chabakauri, and Yavuz)

  • conference

    June 2016

    International Conference on Capital Markets (INSEAD)

    Preventing Controversial Catastrophes

  • discussion

    March 2016

    Midwest Finance Association annual meeting

    Does investor sentiment affect mutual fund performance? (Yong and Xu)

  • seminar

    January 2016

    Board of Governors of the Federal Reserve System

    Differences of Opinion and International Equity Markets

  • seminar

    January 2016

    Rutgers University

    Differences of Opinion and International Equity Markets

  • seminar

    January 2016

    University of Texas at Dallas (Jindal)

    Differences of Opinion and International Equity Markets

  • seminar

    January 2016

    University of Calgary (Haskayne)

    Differences of Opinion and International Equity Markets

  • conference

    November 2015

    University of Minnesota Junior Conference

    Preventing Controversial Catastrophes

  • seminar

    May 2015

    BI Norwegian Business School

    Hedge Funds' Optimal Exposure to Sentiment Risk

  • conference

    May 2015

    Triple Crown Conference

    Hedge Funds' Optimal Exposure to Sentiment Risk

  • conference

    March 2015

    Finance UC 8th International Conference

    Disagreement, Speculation, and Aggregate Investment

  • discussion

    September 2014

    Northern Finance Association annual meeting

    Price Dynamics and Market Selection in Small and Large Economies (Massari)

  • conference

    August 2014

    European Finance Association annual meeting

    Disagreement, Speculation, and Aggregate Investment

  • conference

    August 2014

    University of British Columbia Summer Finance Conference

    Disagreement, Speculation, and Aggregate Investment

  • conference

    May 2014

    Society for Financial Studies Finance Cavalcade

    Disagreement, Speculation, and Aggregate Investment

  • conference

    July 2013

    NBER Summer Institute (Capital Markets and the Economy)

    Disagreement, Speculation, and Aggregate Investment

  • conference

    July 2013

    NBER Summer Institute (International Asset Pricing)

    Differences of Opinion and Foreign Exchange Markets

  • conference

    June 2013

    Society for Economic Dynamics annual meeting

    Differences of Opinion and International Equity Markets

  • seminar

    May 2013

    University of Sydney

    Disagreement, Speculation, and Aggregate Investment

  • seminar

    May 2013

    University of Technology Sydney

    Disagreement, Speculation, and Aggregate Investment

  • seminar

    May 2013

    Australian National University

    Disagreement, Speculation, and Aggregate Investment

  • seminar

    May 2013

    University of Melbourne

    Disagreement, Speculation, and Aggregate Investment

  • seminar

    May 2013

    University of New South Wales

    Disagreement, Speculation, and Aggregate Investment

  • seminar

    December 2012

    Colorado College

    Differences of Opinion and Foreign Exchange Markets

  • conference

    June 2012

    7th Bachelier Finance Society World Congress

    Differences of Opinion and Foreign Exchange Markets

  • seminar

    May 2012

    University of Pennsylvania (Wharton)

    Differences of Opinion and Foreign Exchange Markets

  • seminar

    March 2012

    University of Calgary (Haskayne)

    Differences of Opinion and Foreign Exchange Markets

  • seminar

    February 2012

    Banco Central de Reserva del Peru

    Differences of Opinion and Foreign Exchange Markets

  • conference

    September 2011

    Swiss Finance Institute Asset Pricing Workshop

    Differences of Opinion and Foreign Exchange Markets

  • discussion

    September 2011

    Beliefs and Business Conference

    Incentives for information production in markets where prices affect real investment (Dow, Goldstein, and Guembel)

  • seminar

    September 2011

    University of Southern California (Marshall)

    Differences of Opinion and International Equity Markets

  • seminar

    May 2011

    Carnegie Mellon University (Tepper)

    Differences of Opinion and Foreign Exchange Markets

  • conference

    March 2011

    10th Annual Darden International Finance Conference

    Differences of Opinion and International Equity Markets

  • conference

    January 2011

    American Finance Association annual meeting

    Differences of Opinion and International Equity Markets

  • conference

    August 2010

    Econometric Society World Congress

    Differences of Opinion, Endogenous Liquidity, and Asset Prices

  • conference

    May 2010

    Mathematical Finance Days

    Differences of Opinion, Endogenous Liquidity, and Asset Prices

  • conference

    April 2010

    Adam Smith Asset Pricing Workshop

    Differences of Opinion and International Equity Markets

  • seminar

    April 2010

    Carnegie Mellon University (Tepper)

    Differences of Opinion and International Equity Markets

  • conference

    October 2009

    NBER International Finance and Macroeconomics meeting

    Differences of Opinion and International Equity Markets

  • conference

    June 2009

    8th Swiss Doctoral Workshop in Finance

    Differences of Opinion and International Equity Markets

  • seminar

    April 2009

    Universidad de Piura

    Differences of Opinion, Endogenous Liquidity, and Asset Prices

  • conference

    March 2009

    CEPR Fourth Annual Workshop on Global Interdependence

    Differences of Opinion and International Equity Markets

  • conference

    March 2009

    Second International Financial Research Forum on Risk Management and Financial Crisis

    Differences of Opinion, Endogenous Liquidity, and Asset Prices

  • seminar

    January 2009

    Carnegie Mellon University (Tepper)

    Differences of Opinion, Endogenous Liquidity, and Asset Prices

  • seminar

    January 2009

    Boston University (School of Management)

    Differences of Opinion, Endogenous Liquidity, and Asset Prices

  • seminar

    January 2009

    Stockholm School of Economics

    Differences of Opinion, Endogenous Liquidity, and Asset Prices

  • seminar

    January 2009

    ESSEC Business School

    Differences of Opinion, Endogenous Liquidity, and Asset Prices

  • conference

    December 2008

    Sixth Paris Finance International Meeting

    Differences of Opinion, Endogenous Liquidity, and Asset Prices

  • conference

    August 2008

    Symposium on Stochastic Dynamic Models in Finance and Economics

    Differences of Opinion, Endogenous Liquidity, and Asset Prices

  • conference

    June 2008

    7th Swiss Doctoral Workshop in Finance

    Differences of Opinion, Endogenous Liquidity, and Asset Prices

Awards
  • 2012

    Carnegie Mellon University

    Berkman Faculty Development Grant

  • 2010

    Montreal Institute of Mathematical Finance

    Best paper award, Mathematical Finance Days Workshop.

  • 2009

    Global Association of Risk Professionals (GARP)

    Research Grant

  • 2009

    HEC Lausanne

    Prix de Faculte, for best Ph.D. thesis defended in the year 2009.

  • 2002

    International Development Research Centre (IDRC)

    Research Award

Conference Organization
  • 2015 - 2017 | Canada

    Northern Finance Association

    Program committee member

  • 2012 - 2016 | Melbourne, Australia

    Finance Down Under: Building on the Best from the Cellars of Finance

    Program committee member

  • 2016 | Atlanta, GA

    Midwest Finance Association Annual Meeting.

    Program committee member

  • 2012 | Charlottesville, VA

    Society for Financial Studies Cavalcade

    Program committee member

  • 2012 | Lima, Peru

    Meeting of the Latin American Chapter of the Econometric Society (LAMES).

    Program committee member

Referee
  • Journal of Finance
  • Review of Financial Studies
  • Review of Finance
  • Management Science
  • Journal of Monetary Economics
  • Journal of International Economics
Professional Affiliation
  • American Finance Association
  • Western Finance Association
  • European Finance Association
  • Macro Finance Society
  • Lima School of Economics
Last update: June 19, 2017