Manuel A. Muñoz currently serves as Senior Lead Expert at the Directorate General of Macroprudential Policy and Financial Regulation of the European Central Bank. Prior to that, he held the position of Senior Adviser for Financial Affairs at the Minister’s Office of the Spanish Ministry for Economy and Business and at the Minister’s Office of the Spanish Ministry of Economy, Industry and Competitiveness. He has served as Head of Service at the Spanish Treasury, first at the Financial Policy and Regulation Department and, then, at the Strategic Analysis and International Financial System Department. He has been a member of the Financial Innovation Network (FSB), the Analytical Group on Vulnerabilities or AGV Group (FSB) and the Expert Group on Barriers to the Free Movement of Capital (European Commission). He has been a Research Assistant at the Monetary Policy Research Division of the European Central Bank. Manuel A. Muñoz is a member of the Cuerpo Superior de Técnicos Comerciales y Economistas del Estado (Senior Corps of Spanish State Economists and Trade Experts). He holds a PhD in Economics and Finance (UCM, UV, UPV and UCLM) and a MSc in Specialized Economic Analysis (Barcelona Graduate School of Economics). He graduated in Economics at Universidad Autónoma de Madrid. He is a “la Caixa” Fellow since 2012. His research interests include macroprudential regulation, financial cycles and monetary economics.