Martin Rinaldi

I am a PhD candidate in Finance at the UBC Sauder School of Business. I am on the 2026/27 academic job market. My research interests lie at the intersection of political economy, international finance, and corporate finance, with a focus on sovereign debt. My research agenda studies how political frictions affect how governments and global investors respond to uncertainty, drawing on insights from empirical and theoretical corporate finance. More broadly, I am interested in the economics of financial regulation, with an emphasis on derivatives and cryptocurrencies.

My job market paper characterizes the decision to exit sovereign defaults as a real options problem. Because the political costs of exiting default are irreversible, uncertainty about the future world interest rate makes it optimal for countries and creditors to wait before exercising the option to settle defaults.

Before starting my PhD, I worked as a Senior Macroeconomic Analyst in the Research Department at the Inter-American Development Bank in Washington, DC, where I focused on sovereign debt and international finance. Earlier, I was a quantitative research trader at Balanz Capital in Buenos Aires and at Arfima in Spain. I served as a congressional advisor to Argentine Congressman Jorge Enríquez on issues related to sovereign debt.