Iulian Obreja

Financial Economist
Office of Financial Intermediaries

Education Summary

  • Ph.D. Finance, Carnegie Mellon University, 2007
  • M.A. Mathematics, University of Rochester, 2001
  • M.S. Mathematics, University of Bucharest, 1999
  • B.S. Mathematics, University of Bucharest, 1997

Fields of Interest

  • Contingent and Derivatives Pricing
  • Non-Bank Financial Institutions
  • Asset Pricing

  • Financial Economist
    Division of Economic and Risk Analysis
    U.S. Securities and Exchange Commission
  • Assistant Professor of Finance
    University of Colorado at Boulder
  • Alnahedh, S., S. Bhagat and I. Obreja, 2017, Employment, Corporate Investment and Cash Flow Risk, The Journal of Financial and Quantitative Analysis, Forthcoming
  • Obreja, Iulian, 2013, Book-to-Market Equity, Financial Leverage, and Cross-Section of Stock Returns, Review of Financial Studies, 26 (5), 1146-1189
  • Berndt, Antje and Iulian Obreja, 2010, Decomposing European CDS Returns, Review of Finance, 14, 189-233
  • Obreja, Iulian, 2014, The Concentration of the CDS Market and the Spillover Effect in CDS Spreads
  • Obreja, Iulian, 2013, Competitive Lenders and Asset Prices


  • Paper presentation, 2013, AEA Annual Conference, Economic Policy Uncertainty


  • Paper presentation, 2012, Finance Down Under Conference, University of Melbourne Paper presentation, 2014,
  • U.S. Securites and Exchange Commission

Previous SEC Positions: