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FINANCIAL MARKET EFFICIENCY and ECONOMIC EFFICIENCY: RESEARCH on FINANCIAL MARKET INNOVATION, PERFORMANCE and REGULATION

Objective



The Network will fund 14 man-years of fellowships. Training will be given financial markets are highly economically efficient is contentious among in key areas of Finance and Economics, including asymmetric information, economists.
market microstructure, game theory, and asset pricing. They and other young European researchers will co-author papers, participate in workshops and The Network will explore the functioning of financial markets viewed as an economic system. Questions include:
seminars, and travel to other institutions.
Does market efficiency promote economic efficiency? What are the relative merits of banks and stock markets in allocating capital? What are the merits of arrangements for delegating personal savings to fund managers? Is financial innovation economically beneficial? Are financial markets well designed to serve their economic functions?
To address these questions it will be important to bring to bear the skills and expertise of both the Finance and Economics traditions of research, and to encourage the spread of ideas between the two. The Network's six teams include two of Europe's leading Finance departments and four strong Economics departments. The Network will significantly benefit European research by building closer links between the two groups.

Funding Scheme

NET - Research network contracts

Coordinator

London Business School
Address
Sussex Place Regent's Park
NW1 4SA London
United Kingdom

Participants (5)

EUROPEAN UNIVERSITY INSTITUTE
Italy
Address
Via Dei Roccettini 7
50016 San Domenico Di Fiesole
HEC SCHOOL OF MANAGEMENT
France
Address
1,Rue De La Libération 1
78351 Jouy-en-josas
INSTITUT D'ECONOMIE INDUSTRIELLE
France
Address
Place Anatole France - Universite Des Sciences Sociales
31042 Toulouse
Rheinische Friedrich-Wilhelms-Universität Bonn
Germany
Address
24-42,Adenauerallee
53113 Bonn
The Chancellor, Masters and Scholars of the University of Oxford
United Kingdom
Address
Manor Road
OX1 3UL Oxford