The FMG's discussion paper series dates back to the founding of the FMG in 1987 with the first papers having been written by FMG co-founders Mervyn King and Charles Goodhart. Currently, only papers from 1995 onwards have been made available online.
Discussion papers are authored primarily by FMG staff, associates and research students and provide 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.
The most recent FMG discussion papers are listed below.
The Anatomy of the CDS Market
Martin Oehmke and Adam Zawadowski (November 2016)
FMG Discussion Paper DP761
What is the Expected Return on a Stock?
Ian Martin and Christian Wagner (November 2016)
FMG Discussion Paper DP760
Cultural Proximity and Loan Outcomes
Raymond Fisman, Daniel Paravisini and Vikrant Vig (May 2016)
FMG Discussion Paper DP759
The Divergent Postcommunist Paths to Democracy and Economic Freedom
Simeon Djankov (July 2016)
FMG Discussion Paper DP758
Women in Finance
Renée B. Adams and Tom Kirchmaier (June 2016)
FMG Discussion Paper DP757
Downside Risk Neutral Probabilities
Pierre Chaigneau and Louis Eeckhoudt (April 2016)
FMG Discussion Paper DP756
Macro-Modelling, Default and Money
Charles Goodhart, Nikolas Romanidis, Dimitrios P Tsomocos and Martin Shubik (June 2016)
FMG Discussion Paper DP755
Informational Black Holes in Financial Markets
Ulf Axelson and Igor Makarov (April 2016)
FMG Discussion Paper DP754
European Venture Capital: myths and facts
Ulf Axelson and Milan Martinovic (April 2016)
FMG Discussion Paper DP753
The Dynamics of expected returns: evidence from multi-scale time series modelling
Daniele Bianchi and Andrea Tamoni (March 2016)
FMG Discussion Paper DP752
Say on Pay: do shareholders care?
Carsten Gerner-Beuerle and Tom Kirchmaier (March 2016)
FMG Discussion Paper DP751
What is the expected return on the market?
Ian Martin (March 2016)
FMG Discussion Paper DP750
An Information Based One-Factor Asset Pricing Model
Anisha Ghosh, Christian Julliard and Alex P Taylor (April 2016)
FMG Discussion Paper DP749
Curse of the Benchmarks
Dimitri Vayanos and Paul Woolley (March 2016)
FMG Discussion Paper DP747