Working papers

2011

• The Wall Street Walk when Blockholders Compete for Flows [PDF]
  Amil Dasgupta, Giorgia Piacentino
  The Paul Woolley Centre Paper Series No 28,
  FMG Discussion Paper 692, October 2011
  This discussion paper won a Paul Woolley Centre discussion paper prize.
• Delegated Activism and Disclosure [PDF]
  Amil Dasgupta, Konstantinos Zachariadis
  The Paul Woolley Centre Paper Series No 27,
  FMG Discussion Paper 689, July 2011
  This discussion paper won a Paul Woolley Centre discussion paper prize.
• CDS Auctions [PDF]
  Mikhail Chernov, Alexander S. Gorbenko, Igor Makarov
  The Paul Woolley Centre Paper Series No 26,
  FMG Discussion Paper 688, July 2011
• Anticipated and Repeated Shocks in Liquid Markets [PDF]
  Dong Lou, Hongjun Yan, Jinfan Zhang
  The Paul Woolley Centre Paper Series No 25,
  FMG Discussion Paper 684, June 2011
  This discussion paper won a Paul Woolley Centre discussion paper prize.
• Complicated Firms[PDF]
  Lauren Cohen, Dong Lou
  The Paul Woolley Centre Paper Series No 24,
  FMG Discussion Paper 683, June 2011
  This discussion paper won a Paul Woolley Centre discussion paper prize.
• Dynamic Hedging in Incomplete Markets: A Simple Solution [PDF]
  by Suleyman Basak, Georgy Chabakauri
  The Paul Woolley Centre Paper Series No 23,
  FMG Discussion Paper 680, May 2011
• Preferred-Habitat Investors and the US Term Structure
  of Real Rates [PDF]
  by Iryna Kaminska, Dimitri Vayanos, Gabriele Zinna
  The Paul Woolley Centre Working Paper Series No 22,
  FMG Discussion Paper 674, March 2011
• Trading and Voting in Distressed Firms [PDF]
  by Ioan F. Olaru & Konstantinos E. Zachariadis
  The Paul Woolley Centre Working Paper Series No 21,
  FMG Discussion Paper 672, February 2011
  This is a revised version of Working Paper Series No 12
  FMG Discussion Paper No 656
• Trading Frenzies and Their Impact on Real Investment [PDF]
  by Itay Goldstein, Emre Ozdenoren & Kathy Yuan
  The Paul Woolley Centre Working Paper Series No 20,
  FMG Discussion Paper 670, February 2011
  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]
  by Stéphane Guibaud, Yves Nosbusch & Dimitri Vayanos
  The Paul Woolley Centre Working Paper Series No 19,
  FMG Discussion Paper 669, February 2011
• Fund Flows and Asset Prices: A Baseline Model [PDF]
  by Dimitri Vayanos & Paul Woolley
  The Paul Woolley Centre Working Paper Series No 18,
  FMG Discussion Paper 667, January 2011
  This is a revised version of Working Paper Series No 15
  FMG Discussion Paper No 662
• An Institutional Theory of Momentum and Reversal [PDF]
  by Dimitri Vayanos & Paul Woolley
  The Paul Woolley Centre Working Paper Series No 17,
  FMG Discussion Paper 666, January 2011
  This is a revised version of Working Paper Series No 2
  FMG Discussion Paper No 621
• Balance Sheet Capacity and Endogenous Risk* [PDF]
  by Jon Danielsson, Hyun Song Shin & Jean-Pierre Zigrand
  The Paul Woolley Centre Working Paper Series No 16,
  FMG Discussion Paper 665, January 2011 
  
• Fund Flows and Asset Prices: A Baseline Model
  by Dimitri Vayanos and Paul Woolley
  The Paul Woolley Centre Working Paper Series No 15,
  FMG Discussion Paper 662, December 2010 
  This paper is no longer available, the revised version of this
  paper can be found above as Working Paper Series No 18
  FMG Discussion Paper No 667, January 2011

2010

• Institutional Trade Persistence and Long-term Equity Returns [PDF]
  by Amis Dasgupta, Andrea Prat & Michela Verardo
  The Paul Woolley Centre Working Paper Series No 14,
  FMG Discussion Paper 661, November 2010
• Innovations, rents and risk [PDF]
  by Bruno Biais, Jean-Charles Rochet & Paul Woolley
  The Paul Woolley Centre Working Paper Series No 13,
  FMG Discussion Paper 659, September 2010 
• Trading and Voting in Distressed Firms
  by Ioan Olaru and Konstantinos Zachariadis
  The Paul Woolley Centre Working Paper Series No 12,
  FMG Discussion Paper 656, June 2010
  This paper is no longer available, the revised version of this
  paper can be found above as Working Paper Series No 21
  FMG Discussion Paper No 672, February 2011
• The Price Impact of Institutional Herding [PDF]
  by Amil Dasgupta, Andrea Prat and Michela Verardo
  The Paul Woolley Centre Working Paper Series No 11,
  FMG Discussion Paper 652, April 2010
• Connected Stocks [PDF]
  by Miguel Antón and Christopher Polk
  The Paul Woolley Centre Working Paper Series No 10,
  FMG Discussion Paper 651, March 2010
• Limits of Arbitrage: The State of the Theory [PDF]
  by Denis Gromb, Dimitri Vayanos
  The Paul Woolley Centre Working Paper Series No 9,
  FMG Discussion Paper 650, March 2010

2009

• Attracting Investor Attention through Advertising [PDF]
  by Dong Lou
  The Paul Woolley Centre Working Paper Series No 8,
  FMG Discussion Paper 644, November 2009
• A Flow-Based Explanation for Return Predictability [PDF]
  by Dong Lou
  The Paul Woolley Centre Working Paper Series No 7,
  FMG Discussion Paper 643, November 2009
• A Preferred-Habitat Model of the Term Structure of Interest Rates [PDF]
  by Dimitri Vayanos and Jean-Luc Vila
  The Paul Woolley Centre Working Paper Series No 6,
  FMG Discussion Paper 641, November 2009   
• Liquidity and Asset Prices: A Unified Framework [PDF]
  by Dimitri Vayanos and Jiang Wang
  The Paul Woolley Centre Working Paper Series No 5,
  FMG Discussion Paper 639, August 2009
  Rents, learning and risk in the financial sector and other innovative industries [PDF]
  by Bruno Biais, Jean-Charles Rochet & Paul Woolley
  The Paul Woolley Centre Working Paper Series No 4,
  FMG Discussion Paper 632, September 2009
• The lifecycle of the financial sector and other speculative industries
  by Bruno Biais, Jean-Charles Rochet & Paul Woolley, April 2009.
  This paper is no longer available, the revised version of this paper can be
  found above as Paul Woolley Centre Paper 4, FMG Discussion Paper 632
• Best Ideas [PDF]
  by Randy Cohen, Christopher Polk & Bernhard Silli
  The Paul Woolley Centre Working Paper Series No 3,
  FMG Discussion Paper 624, January 2009

2008

• An Institutional Theory of Momentum and Reversal
  by Dimitri Vayanos & Paul Woolley
  The Paul Woolley Centre Working Paper Series No 2,
  FMG Discussion Paper 621, November 2008 
  This paper is no longer available, the revised version of this
  paper can be found above as Working Paper Series No 17
  FMG Discussion Paper No 666, January 2011
  
• Bond Supply and Excess Bond Returns [PDF]
  by Robin Greenwood & Dimitri Vayanos
  The Paul Woolley Centre Working Paper Series No 1,
  FMG Discussion Paper 607, April 2008