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
Meltdown Monday or Meltdown Money: Consequences of the Causes of a Stock Market Crash
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The Transactions Role of Financial Assets: a Survey
A critical survey of the literature examining the roles of various financial (and commodity) assets in the transactions process is undertaken. The...
Measuring the Cost of Capital When Taxes Are Changing with Foresight
The familiar Hall-Jorgenson (1967) approach to measuring the cost of capital considers a perturbation from the optimal path of the capital stock...
Credit Market Efficiency and Tax Policy in the Presence of Screening Costs
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Monetary Policy with Unregulated Banks
An analytical basis is provided for the conduct of monetary policy in an economy with a completely unregulated banking system. In particular, the...
Empirical Evidence on Wealth Accumulation and the Effects of Pension Wealth: An Application To Italian Cross-Section Data
This paper investigates the effects of pension wealth on households non-pension net worth for an Italian cross-section sample, by estimating a simple...
Tax Policy After The Election: What Would Change With The Government
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