2011

On the drivers of commodity co-movement: Evidence from biofuels| [PDF]
Francisco Peñaranda, Augusto Rupérez Micola (December 2011)
FMG Discussion Paper 695

Performance Pay, CEO Dismissal, and the Dual Role of Takeovers| [PDF]
Mike Burkart, Konrad Raff  (November 2011)
FMG Discussion Paper 694

Explaining the Structure of CEO Incentive Pay with Decreasing Relative Risk
Aversion
| [PDF]
Pierre Chaigneau (October 2011)
FMG Discussion Paper 693

The Wall Street Walk when Blockholders Compete for Flows| [PDF]
Amil Dasgupta, Giorgia Piacentino (October 2011)
Paul Woolley Centre Paper 28, FMG Discussion Paper 692
This discussion paper won a Paul Woolley Centre discussion paper prize.

What is the Consumption-CAPM missing? An Information-Theoretic Framework for the Analysis of Asset Pricing Models| [PDF]
Anisha Ghosh, Christian Julliard, Alex P. Taylor (October 2011)
FMG Discussion Paper 691

Investment banking careers: An equilibrium theory of overpaid jobs  | [PDF]
Ulf Axelson, Philip Bond (October 2011)
FMG Discussion Paper 690

Delegated Activism and Disclosure| [PDF]
Amil Dasgupta, Konstantinos Zachariadis (July 2011)
Paul Woolley Centre Paper 27, FMG Discussion Paper 689
This discussion paper won a Paul Woolley Centre discussion paper prize.

CDS Auctions| [PDF]
Mikhail Chernov, Alexander S. Gorbenko, Igor Makarov (July 2011)
Paul Woolley Centre Paper 26, FMG Discussion Paper 688
This discussion paper won a Paul Woolley Centre discussion paper prize.

Repo Runs| [PDF]
Antoine Martin, David Skeie, Ernst-Ludwig von Thadden (July 2011)
AXA Paper 8, FMG Discussion Paper 687

Short Run Bond Risk Premia| [PDF]
Philippe Mueller, Andrea Vedolin, Hao Zhou (June 2011)
FMG Discussion Paper 686

Financing Constraints, Firm Dynamics, Export Decisions, and Aggregate
productivity
| [PDF]
Andrea Caggese, Vicente Cuñat (June 2011)
FMG Discussion Paper 685

Anticipated and Repeated Shocks in Liquid Markets| [PDF]
Dong Lou, Hongjun Yan, Jinfan Zhang (June 2011)
Paul Woolley Centre Paper 25, FMG Discussion Paper 684
This discussion paper won a Paul Woolley Centre discussion paper prize.

Complicated Firms| [PDF]
Lauren Cohen, Dong Lou (June 2011)
Paul Woolley Centre Paper 24, FMG Discussion Paper 683
This discussion paper won a Paul Woolley Centre discussion paper prize.

Liquidity Hoarding| [PDF]
Douglas Gale, Tanju Yorulmazer (June 2011)
AXA Paper 7, FMG Discussion Paper 682

Strategic Investment, Industry Concentration, and the Cross Section of Returns| [PDF]
Maria Cecilia Bustamante (June 2011)
FMG Discussion Paper 681

Dynamic Hedging in Incomplete Markets: A Simple Solution| [PDF]
Suleyman Basak, Georgy Chabakauri (May 2011)
Paul Woolley Centre Paper 23, FMG Discussion Paper 680

Defeasance of Control Rights| [PDF]
Carsten Bienz, Antoine Faure-Grimaud, Zsuzsanna Fluck (May 2011)
FMG Discussion Paper 679

Switching Monetary Policy Regimes and the Nominal Term Structure| [PDF]
Marcelo Ferman (April 2011)
FMG Discussion Paper 678

Second-Order Approximation of Dynamic Models with Time-Varying Risk| [PDF]
Gianluca Benigno, Pierpaolo Benigno, Salvatore Nisticò (March 2011)
FMG Discussion Paper 677

Bank Bailout Menus| [PDF]
Sudipto Bhattacharya, Kjell G. Nyborg (March 2011)
FMG Discussion Paper 676
This is a revised version of FMG Discussion Paper No 668

Walking Wounded or Living Dead? Making Banks Foreclose Bad Loans|  [PDF]
Max Bruche, Gerard Llobet (March 2011)
FMG Discussion Paper 675

Preferred-Habitat Investors and the US Term Structure of Real Rates| [PDF]
Iryna Kaminska, Dimitri Vayanos,Gabriele Zinna (March 2011)
Paul Woolley Centre Paper 22, FMG Discussion Paper 674

Micro Frictions, Asset Pricing, and Aggregate Implications| [PDF]
Jack Favilukis, Xiaoji Lin (February 2011)
FMG Discussion Paper 673

Trading and Voting in Distressed Firms| [PDF]
Ioan F. Olaru, Konstantinos E. Zachariadis (February 2011)
Paul Woolley Centre Paper 21, FMG Discussion Paper 672
This is a revised version of  Paul Woolley Centre Paper 12, FMG Discussion Paper 656

Stock prices under pressure:  How tax and interest rates drive returns at the turn of the tax year  | [PDF]
Johnny Kang, Tapio Pekkala,Christopher Polk, Ruy Ribeiro (February 2011)
FMG Discussion Paper 671

Trading Frenzies and Their Impact on Real Investment |[PDF]
Itay Goldstein, Emre Ozdenoren, Kathy Yuan (February 2011)
Paul Woolley Centre Paper 20, FMG Discussion Paper 670
This discussion paper won a Paul Woolley Centre discussion paper prize.

Bond Market Clienteles, the Yield Curve and the Optimal Maturity Structure of Government Debt |[PDF]
Stéphane Guibaud,  Yves Nosbusch, Dimitri Vayanos (February 2011)
Paul Woolley Centre Paper 19, FMG Discussion Paper 669

Bank Bailout Menus| [PDF]
Sudipto Bhattacharya, Kjell G. Nyborg (January 2011)
FMG Discussion Paper 668
This paper is no longer available, please see revised version of this paper:
FMG Discussion Paper 676 (March 2011)

Fund Flows and Asset Prices: A Baseline Model| [PDF]
Dimitri Vayanos, Paul Woolley (January 2011)
Paul Woolley Centre Paper 18, FMG Discussion Paper 667
This is a revised version of Paul Woolley Centre Paper 15, FMG Discussion Paper 662

An Institutional Theory of Momentum and Reversal| [PDF]
Dimitri Vayanos, Paul Woolley (January 2011)
Paul Woolley Centre Paper 17, FMG Discussion Paper 666
This is a revised version of Paul Woolley Centre Paper 2, FMG Discussion Paper 621. 

Balance Sheet Capacity and Endogenous Risk |[PDF]
Jon Danielsson, Hyun Song Shin, Jean-Pierre Zigrand (January 2011)
Paul Woolley Centre Paper 16, FMG Discussion Paper 665

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