Latest Events & Seminars
The Future of Money - A conference in celebration of Charles Goodhart's 90th birthday
Conference
Call for Papers now open.
Date
All day
The Madness of Markets: why smart investors make crazy decisions – and how to exploit them
Lecture
In his talk, Alex Edmans will reveal how mood, emotion and social contagion lead...
Date
6.30pm - 7.30pm
Latest News
Latest Publications
Cryptocurrency’s Inflation Tax and the Black Banking Solution: An OLG Approach
This paper develops an overlapping generations model to analyse the inflationary consequences of introducing cryptocurrency alongside fiat money in an...
DP 979
Market-Based Liquidity Transformation
We develop a theory of liquidity transformation performed by market participants. An in-kind wrapper (e.g., a corporate bond ETF), issued by a fee...
DP 978
Causal Inference for Asset Pricing
Portfolio choice involves substituting across many assets at once, complicating inference about asset demand. An elementary condition often captures...
DP 977
The Option Value of Waiting for Institutional Improvement: Real Options and Growth with Endogenous Beliefs
This paper explains why institutional reforms often fail to stimulate investment despite improving long-run fundamentals. We develop a real options...
DP 976
