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Discussion papers

Discussion papers are authored primarily by FMG staff, associates and research students and provide specialist insights into cutting edge financial markets research currently being carried out at the FMG. Research published in the discussion paper series typically goes on to final publication in the top economics and finance journals. Feedback from the FMG community plays an important role in shaping those final publications.

The most recent FMG discussion papers are listed below.

The Divergent Postcommunist Paths to Democracy and Economic Freedom [PDF]
Simeon Djankov (July 2016)
FMG Discussion Paper DP758

Women in Finance [PDF]
Renée B. Adams and Tom Kirchmaier (June 2016)
FMG Discussion Paper DP757

Downside Risk Neutral Probabilities [PDF]
Pierre Chaigneau and Louis Eeckhoudt (April 2016)
FMG Discussion Paper DP756

Macro-Modelling, Default and Money [PDF]
Charles Goodhart, Nikolas Romanidis, Dimitrios P Tsomocos and Martin Shubik (June 2016)
FMG Discussion Paper DP755

Informational Black Holes in Financial Markets [PDF]
Ulf Axelson and Igor Makarov (April 2016)
FMG Discussion Paper DP754

European Venture Capital: myths and facts [PDF]
Ulf Axelson and Milan Martinovic (April 2016)
FMG Discussion Paper DP753

The Dynamics of expected returns: evidence from multi-scale time series modelling [PDF]
Daniele Bianchi and Andrea Tamoni (March 2016)
FMG Discussion Paper DP752

Say on Pay: do shareholders care? [PDF]
Carsten Gerner-Beuerle and Tom Kirchmaier (March 2016)
FMG Discussion Paper DP751

What is the expected return on the market? [PDF]
Ian Martin (March 2016)
FMG Discussion Paper DP750

An Information Based One-Factor Asset Pricing Model [PDF]
Anisha Ghosh, Christian Julliard and Alex P Taylor (April 2016)
FMG Discussion Paper DP749

Curse of the Benchmarks [PDF]
Dimitri Vayanos and Paul Woolley (March 2016)
FMG Discussion Paper DP747