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Financial Markets Group

How to contact us

The Financial Markets Group

Lionel Robbins Building, 4th floor
London School of Economics & Political Science
Houghton Street
London WC2A 2AE
United Kingdom

Tel: +44 (0) 207 955 7002/6301/3569
Email:  fmg@lse.ac.uk|

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The Financial Markets Group Research Centre at LSE is one of the leading centres in Europe for academic research into financial markets.
MPC member David Miles

MPC member David Miles at LSE|

On Tuesday 30th September MPC member, David Miles| gave a public lecture at LSE. To a packed out venue Mr Miles spoke about the paradox of giving guidance on the course of monetary policy in an uncertain economic environment and the subsequent lessons for setting policy. A transcript of his speech is available here.| 

 
FMG_97

FMG Review 97 published|

The latest Review newsletter is now available for free here|. In this edition read about the recent funding and grant successes of the FMG, the newest FMG scholars, and the FMG conference on 'Managing and financing European bank resolution'.
 
Vayanos

Prof Vayanos elected to the British Academy
|
We are delighted to announce that Prof Dimitri Vayanos| (Director of the Paul Woolley Centre| and Professor of Finance, LSE) has been elected a Fellow of the British Academy|. Each year, the British Academy elects into its Fellowship UK-based scholars who are highly distinguished academics and who are recognised for their outstanding research and work across the humanities and social sciences. Prof Vayanos is one of only 42 new Fellows elected this year, 4 of whom are from LSE. Read more.|

 
Vedolin

ESRC Future Research Leaders grant for LSE academic|

Dr Andrea Vedolin|, Assistant Professor of Finance at LSE and FMG staff member, has been awarded a major research grant designed to enable outstanding early-career social scientists to become the future world leaders in their field. The £312,000 of funding from the ESRC| will support work entitled ‘Aggregate Duration Risk’. Read more.|

 
Deutsche Bank

Deutsche Bank Prize 2014|

We are pleased to announce the winners of the 2014 Deutsche Bank Prize as John Kuong| (Department of Finance) and Inna Grinis (Department of Economics). John receives the winner prize of  £10,000 and Inna the runner-up prize of £5,000. The full award announcement is available to read here.|  

 
Daniel Ferreira

The Takeover Code and the Battle for AstraZeneca|

In the aftermath of Pfizer’s failed takeover attempt, Professor Daniel Ferreira| interviewed Professor David Kershaw|, an expert on UK takeover rules, about the role of such rules on the outcome of the proposed deal. Both Daniel and David are members of Corporate Governance at LSE.| The video is available to view online here.|

 
Juanita Gonzalez-Uribe

Coller Institute of Venture 2014 Research Grants|

Dr Juanita Gonzalez-Uribe| (FMG/Department of Finance), along with co-author Dr. Lora Dimitrova, has received a $15,000 Coller Institute of Venture (CIV) research grant| for their paper 'Corporate venture capital and productivity in pharmaceutical-biotechnology companies'. CIV research grants are awarded  to encourage and support original academic research in the field of venture with the goal of making a significant contribution to understanding and shaping the venture ecosystem.

 

Kathy Yuan awarded an ERC grant|

We are pleased to announce that Kathy Yuan| (FMG/Department of Finance) has been awarded a European Research Council (ERC) Consolidator Grant| in relation to systemic risk. The ERC is providing close to €700k for the project over 3 years until May 2017. The aim of the project is to identify new ways to consider and measure systemic financial risks and, more importantly, the linkages between the financial risks and the real economy, and the welfare consequences. Read more here|.

 

Photograph of Paul Woolley
Double agents|
The Economist, 13 September 2014

Dr Paul Woolley| and Prof Dimitri Vayanos|' new paper 'Asset Management Contracts and Equilibrium Prices'| is discussed in an article for The Economist about the relationship between investors and fund managers. Read more.|
 
Ballooning finance|
voxeu.org, 21 August 2014

The Global Crisis has intensified debates over the merits of financial innovation and the optimal size of the financial sector. In this column for Vox, Dr Paul Woolley| and his co-authors present a model in which the growth of finance is driven by the development of a financial innovation. Read more.

Pricking the balloon of financial excess|
standard.co.uk,
9th July 2014

Dr Paul Woolley's| new paper 'Dynamics of Innovation and Risk', forthcoming in the Review of Financial Studies, argues that the financial sector is far too large and that the nation would be better off if it was half the size. Anthony Hilton of the Evening Standard discusses. Read more.|

Dougan’s reign tested as Credit Suisse tax charge looms|
Bloomberg.com
, 12 May 2014

Tom Kirchmaier (FMG Research Associate) is quoted in this article looking at the investigation surrounding Credit Suisse and CEO Brady Dougan. Credit Suisse is accused of helping Americans evade taxes and many have called for Dougan to resign. Read more.|

How to beat the professionals|
investorschronicle.co.uk
, 25 April 2014

Research by FMG Director, Prof Christopher Polk|, is quoted in this article examining and disproving the common myth that for retail investors to beat the market they should act as professionals. You can view Prof Polk's paper 'Best Ideas' here|.


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Upcoming events week of 29th September

London Financial Regulation Seminar
|P. Demetriades (University of Leicester)
Monday 29th September

Giving guidance on future monetary policy in a very uncertain world
|David Miles (MPC, Bank of England)
Tuesday 30th September

Economic Networks and Finance conference|
all day conference
Friday 3rd October