Publications

The Centre has a regular discussion paper series dedicated to academic research, as well as a special paper series focused on policy analysis. In addition, affiliated researchers publish a variety of books, reports and opinion pieces.

Opinion Pieces
Jun 2015
Jon Danielsson and Ásdís Kristjánsdóttir
Iceland has just announced it is getting rid of its capital controls. This column argues that the government’s plan is a credible, efficient and fair plan to lift the costly and misguided controls.
Opinion Pieces
Jun 2015
Jeffrey M Chwieroth, Cohen R. Simpson and Andrew Walter
Many fear that a Greek default would lead voters elsewhere in Europe to favour default over austerity. This column argues that it is more likely to have the opposite effect. Network interdependencies among countries affect the domestic politics of...
Discussion Papers
May 2015
DP 38
Daniel Beunza and Yuval Millo
The recent automation of the American stock market has replaced floor intermediaries with trading algorithms, calling into question the sociological claim that markets are structured by networks of intermediaries. Our study examines the social...
Discussion Papers
Apr 2015
DP 37
Andrew Baker
Macroprudential regulation, which has emerged as a new departure in financial regulation (albeit with a longer heritage), since the financial crash, is in a fluid, evolving and highly experimental phase. Understanding its future political economy...
Opinion Pieces
Apr 2015
Jon Danielsson and Chen Zhou
Regulators and financial institutions increasingly depend on statistical risk forecasting. This column argues that most risk modelling approaches are highly inaccurate and confidence intervals should be provided along with point estimates. Two major...
Discussion Papers
Apr 2015
DP 36
Jon Danielsson and Chen Zhou
This paper analyzes the robustness of standard risk analysis techniques, with a special emphasis on the specifications in Basel III. We focus on the difference between Value–at–Risk and expected shortfall, the small sample properties of...
Discussion Papers
Mar 2015
DP 35
Georgy Chabakauri
We consider a general equilibrium Lucas (1978) economy with one consumption good and two heterogeneous Epstein-Zin investors. The output is subject to rare large drops or, more generally, can have non-lognormal distribution with higher cumulants....
Discussion Papers
Mar 2015
DP 34
Aytek Malkhozov and Andrea Tamoni
We study the importance of anticipated shocks (news) for understanding the comovement between macroeconomic quantities and asset prices. We find that four-quarter anticipated investment shocks are an important source of fluctuations for...
Discussion Papers
Mar 2015
DP 33
Thorsten Beck, Hans Degryse, Ralph De Haas and Neeltje van Horen
Using a novel way to identify relationship and transaction banks, we study how banks’ lending techniques affect credit constraints of small and medium-sized enterprises across emerging Europe. We link the lending techniques that banks use in...
Opinion Pieces
Mar 2015
This column introduces a new Vox eBook collecting some of the best Vox columns on financial regulations, starting with the fundamentals of financial regulations, moving on to bank capital and the Basel regulations, and finishing with the wider...

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