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 SchemeNET - Research network contracts
50016 San Domenico Di Fiesole
OX1 3UL Oxford