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
Research highlight
Corporate Capture of Blockchain Governance
Review of Financial Studies, 36 (4), 1364–1407
Research highlight
Asset Management Contracts and Equilibrium Prices
Journal of Political Economy, 130(12), 3146-3201
Research highlight
Measuring the welfare cost of asymmetric information in consumer credit markets
Journal of Financial Economics, 146 (3), 821-840
Research highlight
Heterogeneous Global Booms and Busts
American Economic Review, 112 (7), 2178-2212
Research highlight
Central Bank Swap Lines: Evidence on the Lender of Last Resort
The Review of Economic Studies, 89(4), 1654–1693
Research highlight
Market efficiency in the age of big data
Journal of Financial Economics, 145(1), 154-177
Research highlight
Public Procurement in Law and Practice
American Economic Review, 112 (4), 1091-1117
Research highlight
Exchange Rate Exposure and Firm Dynamics
The Review of Economic Studies, 89 (1), 481-514
All publications
Conditions for optimality in the infinite-horizon portfolio-cum-saving problem with semimartingale investments
A model of optimal accumulation of capital and portfolio choice over an infinite horizon in continuous time is formulated in which the vector process...
Credit Markets with Endogenous Project Size and Asymmetric Information; The Case for Interest Rate Taxes
Download is not available
Asymmetric Information Risk Aversion and Capital Market Efficiency
The Arrow-Lind Theorem is generally interpreted as implying that risk-averse investors will reject some projects that the public sector is justified...
Behavioural Aspects of the Demand for Dividend-Paying Stocks
The demand for dividend-paying stocks by individual investors remain an enigma to financial economists. Studies of asset prices have failed to resolve...
Regulating Information Disclosure Among Stock Exchange Market Makers
The paper considers the effect of mandatory last trade reporting in a competitive dealership market in the presence of traders with superior...
Callable Debt Contracts: Renegotiation and Contract Design with Ex Post Private Information
Download is not available
Asset Price Variability Under Assymetric Information
This paper examines the effect of a change in the percentage of informed participants in an asset market on the variability of prices. We consider...