Biography
Maria Teresa Medeiros Garcia holds a PhD degree in Economics from ISEG, Universidade de Lisboa. Research interests include pension economics and finance, applied economics, microeconomics and financial economics.
Her research has been presented in conferences worldwide and published in academic journals such as: Journal of Economic Studies, International Review of Applied Economics, International Social Security Review, Applied Financial Economics, Journal of International Financial Markets Institutions and Money, The Geneva Papers on Risk and Insurance, Issues and Practice, and Risk Management and Insurance Review. She collaborates with several academic journals, both by belonging to the editorial board or acting as referee.
Currently, she is Associate Professor at the Department of Economics at ISEG and teaches Fundamentals of Financial Economics, Microeconomics and Pension Funds.
Publications & Citations
Journal article
| Year | Title / Publication | Link |
|---|---|---|
| 2023 | Pension expenditure determinants: The case of Portugal Public Sector Economics |
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| 2023 | Relationships between Pension Spending, Poverty Reduction, and Economic Growth: Evidence from the European Union Countries European Research Studies Journal |
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| 2023 | Banking stability determinants: evidence from Portugal Journal of Banking Regulation |
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| 2023 | Risk-taking by banks: evidence from European Union countries China Finance Review International |
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| 2023 | Compliance with the Basel Core Principles and supervisory structure: A cross-country analysis Central Bank Review |
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| 2021 | Determinants of Homeownership in Europe – An empirical analysis based on SHARE INTERNATIONAL JOURNAL OF HOUSING MARKETS AND ANALYSIS |
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| 2021 | The Shadow Economy Determinants - The Case of Portugal Journal of Tax Administration |
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| 2021 | Fiscal policy stance in the European Union International Journal of Public Policy |
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| 2020 | Pension plan funding and market value of the firm: the Portuguese case Journal of Economic Studies |
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| 2020 | Individual Retirement Accounts in Portugal Mediterranean Journal of Social Sciences |
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| 2020 | Performance of Personal Pension Funds in Portugal International Advances in Economic Research |
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| 2019 | The impact of international migration on the public pension system - the case of Portugal International Social Security Review |
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| 2019 | Determinants of banks’ profitability in Angola AFRICAN JOURNAL OF ECONOMIC AND MANAGEMENT STUDIES |
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| 2019 | Private Saving Determinants in Portugal Mediterranean Journal of Social Sciences |
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| 2019 | A cross-sectional application of the Nelson-Siegel-Svensson model to several negative yield cases Cogent Economics and Finance |
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| 2018 | Workers’ Compensation Insurance Prices: Evidence from Portugal International Journal of Manpower |
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| 2018 | Calculating the Efficient Frontier for the Portuguese Stock Market International Advances in Economic Research |
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| 2018 | Central bank independence and stock market returns in developed countries International Review of Applied Economics |
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| 2018 | Value versus growth in PIIGS stock markets Journal of Economic Studies |
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| 2017 | Hiring older workers: The case of Portugal The Journal of the Economics of Ageing |
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| 2017 | Ownership of individual retirement accounts – an empirical analysis based on SHARE International Review of Applied Economics |
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| 2017 | Markowitz efficient frontier and capital market line – evidence from the portuguese stock market European Journal of Management Studies |
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| 2017 | Overview of the Portuguese Three Pillar Pension System International Advances in Economic Research |
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| 2017 | O Mercado de Crédito Especializado ao Consumo em Portugal Notas Económicas |
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| 2016 | Internal and external determinants of banks' profitability - the Portuguese case Journal of Economic Studies |
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| 2014 | An Appraisal of Public Pension Reserve Funds Management - Evidence From Portugal Mediterranean Journal of Social Sciences |
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| 2014 | Management of Pension Funds: the Case of Portugal International Journal Of Latest Trends in Finance & Economic Sciences |
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Book
| Year | Title / Publication | Link |
|---|---|---|
| 2020 | Economia Financeira - Exercícios Resolvidos e Propostos Escolar Editora |
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| 2016 | Introdução à Economia Financeira: Teoria e Exercícios Escolar Editora |
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Chapter
| Year | Title / Publication | Link |
|---|---|---|
| 2020 | Sinopse do Fundo de Estabilização Financeira da Segurança Social Almedina |
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| 2020 | Análise do sistema de pensões de velhice do sistema previdencial e do sistema complementar da segurança social em Portugal AAFDL Editora; AA. Faculdade Direito Universidade Lisboa |
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| 2019 | The Coverage of Occupational and Personal Pension Plans Springer Nature Switzerland AG |
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| 2017 | Futuro da Segurança Social: situação atual e cenários prospetivos © Fundação Francisco Manuel dos Santos |
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| 2017 | Migrações de substituição e Segurança Social: análise da conta do sistema de pensões de velhice © Fundação Francisco Manuel dos Santos Maio de 2017 |
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Paper presented at academic or professional meetings
| Year | Title / Publication | Link |
|---|---|---|
| 2017 | ‘ASEPELT 2017, XXXI International Congress of Applied Economics “Real Economy and Finance”’ (2017), 5-8 de Julho, ISEG, Lisboa, 2017. Article: “Central bank independence and stock market returns in developed countries”. |
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| 2017 | ‘Conferência Internacional de GRH em Língua Portuguesa’ (2017), ISEG, 17 de Novembro 2017, Lisboa. Article: “Que Futuro para o Mercado dos Fundos de Pensões Profissionais em Portugal?” |
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| 2016 | Overview of the Portuguese three pillar pension system |
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| 2015 | The changing design of the Portuguese social security system |
Working Papers
| Year | Title / Publication | Link |
|---|---|---|
| 2023 | O desempenho financeiro das empresas e o desdobramento de ações – o caso das empresas do índice S&P500 ISEG Economics Department Working Paper |
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| 2022 | Risk-taking by banks: Evidence from European Union countries REM Working Paper |
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| 2021 | Asset Liability Management: Evidence from the Banco de Portugal defined benefit pension fund REM Working Paper |
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| 2019 | Assessing Pension Expenditure Determinants – the Case of Portugal Working Paper REM (Research in Economics and Mathematics) - ISEG (School of Economics and Management) /Universidade de Lisboa |
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| 2019 | The Impact of Hedge Fund indices on portfolio performance Working Paper REM (Research in Economics and Mathematics) - ISEG (School of Economics and Management) /Universidade de Lisboa |
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| 2019 | The dynamic relationship between stock market indexes and foreign exchange Working Paper REM (Research in Economics and Mathematics) - ISEG (School of Economics and Management) /Universidade de Lisboa |
Book review
| Year | Title / Publication | Link |
|---|---|---|
| 2021 | The Welfare State Revisited |
Teaching
2024/2025
| Semester | Course | Degree | Coordinator |
|---|---|---|---|
| 2º | Project Appraisal | Licenciatura Bolonha em Economia - Economics, Licenciatura Bolonha em Gestão - Management | Yes |
| 2º | Avaliação de Projectos | Licenciatura Bolonha em Gestão - Gestão, Licenciatura Bolonha em Matemática Aplicada à Economia e à Gestão - Matemática Aplicada à Economia e à Gestão, Licenciatura Bolonha em Economia - Economia | Yes |
| Year | Student Name / Title / Institution | Supervision Type | Link |
|---|---|---|---|
| 2021/2022 | OLUWATOSIN GBENGA OMOLERE DEFINED BENEFIT RISK TRANSFER STRATEGIES: COMPARISON BETWEEN THE IRISH AND THE NIGERIAN PENSION SYSTEMS Instituto Superior de Economia e Gestão |
Master | Ver |
| 2021/2022 | ALEJANDRO LÓPEZ ATIENZA THE INSURANCE-GROWTH NEXUS IN PORTUGAL: A MULTIVARIATE TODA-YAMAMOTO GRANGER CAUSALITY TEST |
Master | Ver |
| 2020/2021 | SOFIA COSTA ESCÁRIA ACCESS, COVERAGE AND GENEROSITY OF THE PENSION SYSTEM IN PORTUGAL SINCE 1980: CONSTRUCTION AND ANALYSIS OF SOME INDICATORS |
Master | Ver |
| 2020/2021 | ADRIANA MARIA FERNANDES FERREIRA PENSION EXPENDITURE, POVERTY AND ECONOMIC GROWTH: THE EU CASE |
Master | Ver |
| 2019/2020 | SOFIA COSTA ESCÁRIA Access, coverage and generosity of the pension system in Portugal since 1980: construction and analysis of some indicators |
Master | |
| 2019/2020 | FREDERICO CAVALEIRO DE MENDONÇA Banking Supervision in the European Union: The Conflict Between Monetary Policy and Supervision |
Master | Ver |
| 2018/2019 | MARCO ANTÔNIO RODRIGUES Pension funds asset allocation - an international analysis |
Master | Ver |
| 2018/2019 | SIMÃO RODRIGUES ABREU Banking stability measurement |
Master | Ver |
| 2018/2019 | FABIAN SCHMITZ The Impact of the Economic Integration in the European Union on Initial Public Offering Activity |
Master | Ver |
| 2018/2019 | SARA LUÍSA MIRANDA DE MENDONÇA E SILVA Presidential election and the initial public offering (IPO) performance: the Trump case |
Master | Ver |
| 2017/2018 | LIANE COSTA GABRIEL Pension Funds: Asset-Liability Management |
Master | Ver |
| 2017/2018 | MARIA ZIOLKOWSKI The SRRI and Personal Pension Funds |
Master | Ver |
| 2017/2018 | ANA JEANETE SILVA FARINHA Components of UK Defined Benefit Occupational Pension Schemes with a Gender Analysis |
Master | Ver |
| 2017/2018 | RAFAEL DE LOUÇÃO FIGUEIRA Socioeconomic determinants of homeownership |
Master | Ver |
| 2017/2018 | ANA TERESA GOUVEIA RONCHA Asset allocation in occupational defined contribution and defined benefit pension plans: an empirical analysis |
Master | Ver |
| 2017/2018 | ANA JIN YE Risk taking by banks, ownership structures, and regulation |
Master | Ver |
| 2016/2017 | BEATRIZ CORREIA Performance of Personal Pension Funds in Portugal |
Master | Ver |
| 2016/2017 | JOSÉ AMÍLCAR NEVES DOMINGOS Pension plans and stock market value |
Master | Ver |
| 2016/2017 | VÍTOR HUGO FERREIRA CARVALHO A static approach to the Nelson-Siegel-Svensson model: application to several negative yields cases |
Master | Ver |
| 2016/2017 | JOÃO PEDRO VARGUES SIMÕES O desempenho financeiro das empresas e Stock Splits |
Master | Ver |
| 2016/2017 | ANA TERESA GOUVEIA RONCHA Asset allocation in case of a DC and DB pension schemes:a theoretical and empirical survey |
Master | |
| 2016/2017 | LIANE COSTA GABRIEL Pension Plan Asset-Liability Management (ALM) |
Master | |
| 2016/2017 | JOÃO PEDRO MACHADO NÓBREGA OTC Markets - Clearing, Settlement & Custody Analysis |
Master | Ver |
| 2016/2017 | MARIA JOSÉ TRINDADE Determinants of banks profitability in Angola |
Master | Ver |
| 2016/2017 | RICARDO MANUEL RAMOS VIEGAS Quantitative Easing as a perspective for low interest rates |
Master | Ver |
| 2016/2017 | VALÉRIA ANDREIA REYES FERREIRA Efficient frontier and the optimal risky portfolio: evidence from DAX 30 and IBEX 35 before and after the financial crisis of 2008 |
Master | Ver |
| 2016/2017 | DIOGO MIGUEL ASSUNÇÃO DE FREITAS SANCHES Shadow economy and the Portuguese social security system |
Master | Ver |
| 2015/2016 | RICARDO ANTÓNIO ABREU OLIVEIRA value versus growth in the piigs stock markets |
Master | Ver |
| 2015/2016 | JOANA CRISTINA DOS SANTOS PATRÍCIO THE ROLE OF PENSION RESERVE FUNDS IN PAY-AS-YOU-GO PENSION SCHEMES FINANCIAL SUSTAINABILITY |
Master | Ver |
| 2015/2016 | ANDRÉ FERNANDO RODRIGUES ROCHA DA SILVA ASSESSING PENSION EXPENSES DETERMINANTS ? THE CASE OF PORTUGAL |
Master | Ver |
| 2015/2016 | MARTA MARINA SANTOS DELGADO CAR RENTING ? RISK MITIGATION AT THE END OF THE CONTRACT |
Master | Ver |
| 2015/2016 | ANA ISABEL BEZELGA BOLETO The Swedish pension reform as a role model for the Portuguese case |
Master | Ver |
| 2015/2016 | GABRIELA MIRIAM KINNUNEN DA SILVA Recent Social Security Reforms and its Impact on Old Age Pensions: A Simulation Analysis for Portugal |
Master | Ver |
| 2015/2016 | JOÃO DAVID CLARO FERREIRA DO ROSÁRIO CREDIT RISK AND BANKING ACTIVITIES |
Master | Ver |
| 2015/2016 | GONÇALO MARIA OLIVEIRA DÁ MESQUITA LIBERAL DO HEDGE FUND INDICES ENHANCE PORTFOLIO PERFORMANCE? |
Master | Ver |
| 2014/2015 | JOANA TERESA SILVA CORTEGANO Determinants of workers? compensation insurance premium ? evidence from Portugal |
Master | Ver |
| 2014/2015 | PEDRO MIGUEL MENDES ROSA COSTA Central Bank Independence and Stock Market Returns |
Master | Ver |
| 2014/2015 | PEDRO NUNO LOURO SILVESTRE RODRIGUES Does social security reduce savings? A time-series analysis to the Portuguese case |
Master | Ver |
| 2014/2015 | GABRIELA MIRIAM KINNUNEN DA SILVA Recent social security reforms and the impact on replacement rates: A simulation analysis for Portugal |
Master | |
| 2014/2015 | HUGO MIGUEL PINHEIRO MORAIS Cálculo de Benefícios Individuais de Reforma no Reino Unido e Reconcialiação de Fundos de Pensões |
Master | Ver |
| 2014/2015 | ANDRÉ FILIPE DOS SANTOS PEREIRA NUNES PAYMENT SYSTEMS IN THE EUROZONE - AN ANALYSIS OF POSSIBILITY OF STANDARDIZATION |
Master | Ver |
| 2014/2015 | DANIEL ALEXANDRE BOURDAIN DOS SANTOS BORREGO EFFICIENT FRONTIER AND CAPITAL MARKET LINE ON PSI 20 |
Master | Ver |
| 2013/2014 | PEDRO DESLANDES CORREIA VASCONCELOS MARQUES Households Saving Decisions ? An Empirical Analysis Based on SHARE |
Master | Ver |
| 2012/2013 | PAULO DA SILVA FERREIRA NEIVA VIEIRA "O mercado de crédito especializado ao consumo em Portugal" |
Master | Ver |
| 2012/2013 | JOÃO PEDRO AMARAL LOUREIRO O Fenómeno de Titularização em Portugal - motivações para implementação no sector bancário |
Master | Ver |
| 2012/2013 | DZIWANA MATILDA SHAWA Social Security System Reform: The Case of Malawi |
Master | Ver |
| 2012/2013 | JOÃO PEDRO SILVA MARTINS GUERREIRO Determinants of Banks profitability - Portuguese case |
Master | Ver |
| 2012/2013 | LUÍS CARLOS MARTINS BARBOSA O impacto das recentes reformas do sistema de segurança social na taxa de substituição em Portugal |
Master | Ver |
| 2012/2013 | JOANA RODRIGUES CABRITA COSTA Zurich: Canais de Distribuição & Corretores |
Master | Ver |
| 2011/2012 | JOÃO PEDRO NETO RAMOS PINTO Plano de Pensões de Empresas e o Valor da Acção: O Caso Português |
Master | Ver |
| 2011/2012 | VASCO NEVES DA SILVA SIMÕES VALIDO Gestão de activos e passivos (ALM) no BES |
Master | Ver |
| 2011/2012 | LUIZA HENRIQUES COHEN Avaliação de Empresas - O caso da GALP |
Master | Ver |
| 2011/2012 | JOÃO PEDRO SILVA MARTINS GUERREIRO Determinantes das Margens Financeiras |
Master | |
| 2010/2011 | JOÃO PEDRO NETO RAMOS PINTO Pension Plans and Stock-Market Value: Evidence from Portugal |
Master | |
| 2010/2011 | ANDRE DA SILVA DE ARAUJO Risco e causalidade nos principais mercados de acções europeus |
Master | Ver |
| 2010/2011 | CÁTIA RAQUEL DAS NEVES LOPES Produtos de poupança de longo prazo: análise comparativa |
Master | Ver |
Professional Experience
| Name / Description | Date | Organization |
|---|---|---|
| Membro da Comissão de Fiscalização Autre |
2018 | Autoridade de Supervisão de Seguros e Fundos de Pensões |
| Vogal do Conselho Fiscal da UECE desde 2015 |
2015 | ISEG |