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 undertaken under the core FMG Research Programmes is published in the FMG Discussion Paper series. Most recently, the Paul Woolley Centre for market dysfunctionality and the AXA-funded risk management programme have published some of their research as FMG Discussion Papers.
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 FMG's electronic online discussion paper records date back to 2001.
2012 Discussion Papers
FMG discussion papers published in 2012 are listed below. Previous years' discussion papers are accessible via the web pages listed in the left -hand menu.
Securitized Banking, Asymmetric Information, and Financial Crisis: Regulating Systemic Risk Away| [PDF]
Sudipto Bhattacharya, Georgy Chabakauri, Kjell G. Nyborg (May 2012)
AXA Paper 10, FMG Discussion Paper 704
Estimating the Quadratic Covariation Matrix for an Asynchronously Observed Continuous Time Signal Masked by Additive Noise| [PDF]
Sujin Park, Oliver Linton (April 2012)
FMG Discussion Paper 703
Financial Regulation in General Equilibrium| [PDF]
Charles A. E. Goodhart, Anil K Kashyap, Dimitrios P. Tsomocos, Alexandros P. Vardoulakis (March 2012)
AXA Paper 9, FMG Discussion Paper 702
Is Historical Cost Accounting a Panacea? Market Stress, Incentive Distortions, and Gains Trading| [PDF]
Andrew Ellul, Chotibhak Jotikasthira, Christian T. Lundblad, Yihui Wang (February 2012)
FMG Discussion Paper 701
Transparency in the financial system: rollover risk and crises| [PDF]
Matthieu Bouvard, Pierre Chaigneau, Adolfo de Motta (February 2012)
FMG Discussion Paper 700
Bond Variance Risk Premia| [PDF]
Philippe Mueller, Andrea Vedolin, Yu-Min Yen (January 2012)
FMG Discussion Paper 699
Borrow Cheap, Buy High? The Determinants of Leverage and Pricing in Buyouts| [PDF]
Ulf Axelson, Tim Jenkinson, Per Strömberg, Michael S. Weisbach (January 2012)
FMG Discussion Paper 698
The effect of risk preferences on the valuation and incentives of compensation contracts| [PDF]
Pierre Chaigneau (January 2012)
FMG Discussion Paper 697
Smart Buyers| [PDF]
Mike Burkart, Samuel Lee (January 2012)
FMG Discussion Paper 696