Manuel Adelino is a finance expert who specializes in household finance, public finance and banking, and entrepreneurial finance. Professor Adelino has particular expertise with mortgage markets, including loan origination, securitization, and defaults. He has testified in deposition on issues related to approval, pricing, and borrower and lender incentives in the mortgage market. Before entering academia, Professor Adelino worked as a research associate and visiting scholar at the Federal Reserve Bank of Boston and as a business analyst at McKinsey.
Professor Adelino conducts research on household finance, climate finance, and financial intermediation. His current work centers on how forbearance affects household consumption and savings, the role of credit on the carbon footprint of new and existing housing, and how information frictions shape the primary and secondary mortgage markets. He has also analyzed monetary policy, housing debt, bank ratings, municipal bonds, and corporate distress issues.
Professor Adelino publishes research in leading academic journals, including the Journal of Finance, Management Science, the Journal of Financial Economics, and the Review of Financial Studies. He serves on several editorial boards and is a faculty research fellow in corporate finance at the National Bureau of Economic Research (NBER). Professor Adelino presents frequently in academic and industry forums, including NBER meetings, the American Finance Association (AFA), American Economic Association (AEA), and at universities in the United States, United Kingdom, Europe, and Asia.
At the Fuqua School of Business, Professor Adelino teaches the Ph.D. course on corporate finance and M.B.A. courses on entrepreneurial finance, raising capital, and corporate finance. He has earned honors for excellence in teaching, as well as prestigious fellowships, including the Kauffman Foundation’s Junior Faculty Fellowship in Entrepreneurship Research.
Before joining the faculty at Duke, Professor Adelino was on the faculty at the Tuck School of Business at Dartmouth University.