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DR Cristian Badarinza
National University of Singapore
4 Architecture Drive, Singapore 117566

  Tel: +65.6516.3548
  Curriculum Vitae (CV): Click Here

Dr. Cristian Badarinza is an Assistant Professor at the National University of Singapore, a Faculty Affiliate of the Institute of Real Estate Studies, and a Network Associate of the Centre for Economic Policy Research, London.

His research interests are in the areas of residential real estate, household finance and financial economics. Previously, he has been a Postdoctoral Fellow at Saïd Business School, a Research Assistant in the Monetary Policy Research Division of the European Central Bank in Frankfurt am Main, and has obtained a PhD and an MSc in Economics from Goethe University, Frankfurt am Main.

He is part of the Oxford-Harvard-Sloan Initiative for International Comparative Household Finance. This research initiative connects academics from Europe and the US which seek to explore how household financial markets (such as mortgage, pension, and risky asset markets) are set up around the world, and whether there are international best practices that can be established.


Residential real estate, Household finance, Financial economics.


2012: PhD in Economics, Goethe University, Frankfurt am Main

2008: MSc in Quantitative Economics, Goethe University, Frankfurt am Main

2006: BSc in Business Economics, Academy for Economic Studies, Bucharest


Working papers

Mortgage Debt and Social Externalities, Revision requested, Review of Economic Dynamics, June 2018.

Nationality Bias at Home and Abroad: Evidence from Commercial Real Estate, with Tarun Ramadorai, March 2018.

The Informational Role of Housing Market Liquidity, Under review, April 2018.

The Effectiveness of Housing Collateral Tightening Policy, with Sumit Agarwal and Wenlan Qian, February 2018.


Home Away From Home? Foreign Demand and London House Prices, with Tarun Ramadorai, 2018, Journal of Financial Economics, forthcoming.

What Calls to ARMs? International Evidence on Interest Rates and the Choice of Adjustable-Rate Mortgages, with John Y. Campbell and Tarun Ramadorai, 2017, Management Science, 64(5), 1975-2471.

The Indian Household Finance Landscape, with Vimal Balasubramaniam and Tarun Ramadorai, 2017, India Policy Forum, Vol. 13, 2017.

International Comparative Household Finance, with John Y. Campbell and Tarun Ramadorai, 2016, Annual Review of Economics, Vol. 8, 111-144.


RE2708: Computational Thinking for Real Estate (BSc)

RE6004: Research Methdology in Real Estate (PhD)

RE5006: Portfolio and Asset Management (MSc, MBA)

RE4203: Advanced Topics in Real Estate (BSc)

GEK2013: Real Estate Finance (BSc)

GEM2000: Foundations of Real Estate Appraisal (BSc)


What Venezuelan savers can teach everyone else

The Economist, 19 July 2018

Foreign buyers push up global house prices

The Economist, 11 March 2018

Using FinTech for financial inclusion

LiveMint, 11 July 2017

Real estate goes global

The New Yorker, 26 May 2014

When a man is tired of London house prices

Financial Times, 9 May 2014

World News Today

TV: BBC 4, BBC News, 14 January 2014

Measuring London property's safe haven status

Wall Street Journal, 14 January 2014

Turmoil abroad makes London safe as houses

Financial Times, 14 January 2014

Homes 'earn' us more than jobs

The Evening Standard, 14 January 2014

London house prices linked to political uncertainty overseas

The Guardian, 13 January 2014

  Last Modified: 2018-07-30