Research highlights
Influential research by members of the Financial Markets Group has been published in some of the most recognised international journals in Economics and Finance, such as the American Economic Review, Econometrica, the Journal of Finance, the Journal of Financial Economics, the Journal of Political Economy, the Quarterly Journal of Economics, the Review of Economic Studies, and the Review of Financial Studies. A sample of recent papers is below.
Research highlight
Informational Black Holes in Financial Markets
Journal of Finance, 78 (6), 3099-3140
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Corporate Capture of Blockchain Governance
Review of Financial Studies, 36 (4), 1364–1407
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Asset Management Contracts and Equilibrium Prices
Journal of Political Economy, 130(12), 3146-3201
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Measuring the welfare cost of asymmetric information in consumer credit markets
Journal of Financial Economics, 146 (3), 821-840
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Heterogeneous Global Booms and Busts
American Economic Review, 112 (7), 2178-2212
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Central Bank Swap Lines: Evidence on the Lender of Last Resort
The Review of Economic Studies, 89(4), 1654–1693
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Market efficiency in the age of big data
Journal of Financial Economics, 145(1), 154-177
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Public Procurement in Law and Practice
American Economic Review, 112 (4), 1091-1117
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Exchange Rate Exposure and Firm Dynamics
The Review of Economic Studies, 89 (1), 481-514
All publications
Estimating Tax Rates on Income From Capital in the UK From Official Statistics
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Imperfect Annuities Markets with Asymmetric Information: Who Leaves Unplanned Bequests?
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Volatility of US Stock Prices
A number of recent papers have reported evidence that stock prices are more volatile than is consistent with efficient markets. We argue that the...
Intertemporal Substitution, Risk Aversion and the Euler Equation for Consumption: Evidence From Aggregate and Average Cohort Data
In this paper we investigate the empirical relevance of two theoretical issues concerning life cycle consumer optimizing behaviour: the possibility of...
Does the 1986 Insolvency Act Satisfy The Creditors' Bargain?
The creditors' bargain view of insolvency law argues that solvency state rights should be preserved in insolvency states. It argues that insolvency...
The Reorganisation of the London Stock Market: The Causes and Consequences of Big-Bang
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International Harmonization of the Regulation of Capital Markets. An Introduction
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Comments on recent developments and proposals concerning dealing practices in the UK equity market
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