José Américo Antunes
José Américo Antunes

Finance Researcher & Central Bank Analyst

José Américo
Antunes

Specialist in financial intermediation, credit markets, and financial stability. Analyst at the Central Bank of Brazil and professor at leading Brazilian institutions.

About

Background

José Américo Pereira Antunes is an analyst at Banco Central do Brasil, where he leads a banking supervision team focused on credit and financial intermediation. With over two decades of experience bridging academic research and regulatory practice, his work has shaped how Brazil monitors systemic risk.

As a professor, he teaches Financial Institution Management and Financial Derivatives Management at Coppead/UFRJ, Fundação Getúlio Vargas, and Universidade Cândido Mendes, where he also supervises master's dissertations in Economics and Business Management.

His research — published in journals such as Financial Innovation, Economic Modelling, and Empirical Economics — explores the intersections of financial intermediation, monetary policy, and financial stability. He is also a reviewer for international academic journals and has received awards from CFA Society and Febraban.

José develops interactive tools for assisting students' learning during courses, as presented in the Projects section. Beyond finance, José holds a specialized credential in sports analytics and has built data-driven applications for football scouting, football clubs' sporting performance and play style, and football clubs' financial analysis.

Research

Selected Publications

2025

Ingresos distintos a intereses y el riesgo de crédito: el caso de la banca colombiana

Galvis Ciro, J. C.; De Moraes, C. O.; Antunes, J. A. P.

Revista Finanzas y Política Económica, 17, 1–28

2023

What do we know about the relationship between banks risk measures and social-environmental sustainability transparency?

Antunes, J. A. P.; De Moraes, C. O.; Grapiúna, L. S.

Borsa Istanbul Review, 24, 1

2021

To supervise or to self-supervise: A machine-learning based comparison on credit supervision

Antunes, J. A. P.

Financial Innovation, 7, 26

2020

What is the effect of banking concentration and competition on Financial Development? An international assessment

Antunes, J. A. P.; Moraes, C. O.; Coutinho, M. S.

Journal of Economic Studies, 48(6), 1162–1176

2019

Financial Intermediation analysis from financial flows

Antunes, J. A. P.; De Moraes, C. O.; Rodrigues, A.

Journal of Economic Studies, 46, 727–747

2019

Effects of Monetary Policy and Credibility on Financial Intermediation: Evidence from the Brazilian banking sector

Antunes, J. A. P.; Montes, G. C.; Araújo, A. F.

Empirical Economics, 1, 1

2017

How Financial Intermediation impacts on Financial Stability?

Antunes, J. A. P.; De Moraes, C. O.; Rodrigues

Applied Economic Letters, 25, 1135–1139

2016

How does capital regulation react to monetary policy? New evidence on the risk-taking channel

Antunes, J. A. P.; De Moraes, C. O.; Montes, G. C.

Economic Modelling, 56, 177–186

Recognition

Awards

2020

CFA Society Innovation in Finance Prize

3rd place

2017

VIII Febraban Banking Economics Award

3rd place

2015

VI Febraban Banking Economics Award

2nd place

2025

Coppead Alumni Honored Professor

2024

Coppead Alumni Honored Professor

2022

Coppead Alumni Honored Professor

Applications

Projects

Finance, Financial Markets & Accounting

Next.js

Derivatives Laboratory

Interactive simulations and decision trees for hands-on learning of financial derivatives.

Next.js · React · Derivatives

Next.js

Financial Markets Laboratory

Explore the fundamentals and innovations of financial markets through objective, applied analyses.

Next.js · React · Financial Markets

Next.js

Central Bank Open Data Laboratory

Explore and visualize data from the Central Bank of Brazil's Open Data Portal. Access information on assets, credit, interest rates, and financial indicators of regulated institutions.

Next.js · React · Open Data

Next.js

Corporate Treasury Laboratory

Interactive simulations for hands-on learning of treasury management — working capital, cash, inventory, receivables, and suppliers.

Next.js · React · Treasury

Next.js

Financial Institutions Treasury Laboratory

Interactive simulations for hands-on learning of treasury operations in financial institutions.

Next.js · React · Treasury

Next.js

Financial Statement Analysis Laboratory

Interactive simulations for hands-on learning of Financial Statement Analysis.

Next.js · React · Financial Analysis

Next.js

Municipal Financial Development Atlas

Access, depth, intermediation, digitalization, and financial inequality indicators for all Brazilian municipalities.

Next.js · React · Financial Development

Next.js

Financial Institutions Management Laboratory

Interactive simulations and decision trees for managing financial institution risks: liquidity, interest rate, market, credit, and operational.

Next.js · React · Banking Management

Football Finance

Football Analytics

Curriculum

Education

View Full CV on Lattes
2022

Post-Doc in Finance

FGV

2017

Ph.D. in Accounting

UFRJ

2009

MBA — International Accounting Standards

USP / FIPECAFI

2008

MBA — Economic & Financial Engineering

UFF

2005

M.Sc. in Accounting

UERJ

2001

B.Sc. in Accounting

UFRJ

1999

MBA — Risk Management

FGV

1993

B.Eng. in Mechanical Engineering

UFRJ

Contact

Let’s Connect

Interested in collaboration, research opportunities, or academic inquiries? Feel free to reach out.

tesouraria.rj@gmail.com