Category

Research Papers

Francesco Pierangeli
0
Research Papers
April 18, 2017

Are Asset Managers Systemically Important?

Abstract Some financial authorities have proposed designating asset managers as systemically important financial institutions (SIFIs). This column argues that this would be premature and probably…
Read More
Francesco Pierangeli
0
Research Papers
April 18, 2017

Europe’s Proposed Capital Markets Union: Disruption Will Drive Investment And Innovation

Abstract The proposed EU capital markets union aims to revitalise Europe’s economy by creating efficient funding channels between providers of loanable funds and firms best…
Read More
Francesco Pierangeli
0
Research Papers
April 18, 2017

Systems And Systemic Risk In Finance And Economics

Abstract This paper examines the concept of systemic risk and provides an intuitive account of the economic thought on systems and the development of the…
Read More
Francesco Pierangeli
0
Research Papers
April 18, 2017

Walrasian Foundations For Equilibria In Segmented Markets

Abstract We show that the equilibrium of the arbitraged economy is asymptotically Walrasian in the sense that it converges to the equilibrium of an appropriately…
Read More
Francesco Pierangeli
0
Research Papers
April 18, 2017

Foresight: The Future Of Computer Trading In Financial Markets (2012) Final Project Report

Abstract SRC researchers were involved in a study that explores how computer generated trading in financial markets will evolve over the next 10 years. The…
Read More
Francesco Pierangeli
0
Research Papers
April 18, 2017

Everybody Right, Everybody Wrong: Plural Rationalities In Macroprudential Regulation

Abstract Macroprudential policy has become increasingly popular in the aftermath of the Global Crisis, but it remains controversial. This column argues that vigorous disagreement is…
Read More
Francesco Pierangeli
1
Research Papers
April 18, 2017

Why It Doesn’t Make Sense To Hold Bonds

Abstract Investor demand for bonds is very high. This column argues that this is surprising because under almost any likely inflation scenario, including central banks…
Read More
Francesco Pierangeli
1
Research Papers
April 18, 2017

Cyber Risk As Systemic Risk

Abstract The threat to the financial system posed by cyber risk is often claimed to be systemic. This column argues against this, pointing out that…
Read More
Francesco Pierangeli
0
Research Papers
April 18, 2017

Practising Virtue: Inside International Arbitration, By David D. Caron, Stephan W. Schill, Abby Cohen Smutny, and Epaminontas E. Triantafilou

Abstract In 2013 ,the Institut de Droit International released its Tokyo Resolution on the ‘Legal Aspects of Recourse to Arbitration by an Investor Against the…
Read More
Francesco Pierangeli
0
Research Papers
April 18, 2017

Differentiating Among International Investment Disputes

Abstract Can investor-state arbitration tribunals, which exercise jurisdiction over limited claims involving discrete parties, render awards that deliver individualized justice while also promoting systemic fairness,…
Read More