Tano Santos’ research focuses on two distinct areas. The first is asset pricing, with a particular emphasis on theoretical and empirical models that can account for the predictability of returns, both in the time series and the cross section. He also works in applied economic theory, specifically, the economics of financial innovations as well as the theory of organizations.
Recent and forthcoming publications explore the financial crisis and the role of shadow finance, and the Spanish banking system in the first decade of the euro. He teaches courses on options markets, asset pricing, and value investing.
Before joining the faculty at Columbia, Santos worked as an associate professor of finance at the University of Chicago’s Graduate School of Business. Santos is currently a research associate and faculty research fellow at the National Bureau of Economic Research and a member of the Financial Advisory Roundtable for the Federal Reserve Bank of New York. He serves as the codirector of Columbia’s Heilbrunn Center for Graham & Dodd Investing.
In 2000, Santos was awarded the Fame Research Prize for “Prospect Theory and Asset Prizes” (with N. Barberis and M. Huang). He has served as a fellow for La Caixa, the Bank of Spain, and Columbia’s Eugene Lang Entrepreneurship Center.
Santos earned a PhD in economics at the University of Chicago and a bachelor's degree in economic and business sciences from Universidad Complutense de Madrid in Spain.
Santos will present at Chicago Booth’s Finance Workshop on Tuesday, October 4, 2016.