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About CERF

Over the past decades, financial markets have re-emerged as prime determinants of economic behaviour and performance.

Factors driving this transformation include:

  • the liberalisation of domestic and international money and capital markets,
  • the explosive growth in international trading of financial assets, and
  • the extensive globalisation of the production of goods and services.  

Not only are the financial resources of governments dwarfed by the scale of capital flows, but also the scope of national jurisdiction is increasingly irrelevant to markets that operate on a global scale. Deregulation of markets has been accompanied by important developments in the theory of finance and in the technological infrastructure of market trading. These developments have driven the design of new financial products and have also resulted in sophisticated new techniques for the theoretical and quantitative analysis of market behaviour and of risk.

Understanding the impact of these developments on the provision of liquidity is fundamental to understanding the operation of modern economies. To this end, CERF promotes theoretical, quantitative and historical studies, crossing conventional disciplinary boundaries, and the bringing together of research groups of economists, mathematicians, lawyers, historians, computer scientists and market practitioners.

Particular attention is paid to the analysis of the impact of financial market activity on the formulation of public policy.

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CERF Fellow Dr. Bang Dang Nguyen - paper will be presented at the AFA Annual Meeting 2020 in San Diego

Sep 26, 2019

Political Connections and Firm Value: Evidence from Close Gubernatorial Elections, joint with Q.A. Do (SciencesPo Paris) and Yen-Teik Lee (Curtin University), is accepted and will be presented at the AFA Annual Meeting 2020 in San Diego.

CERF Scholar Shiqi Chen presented her paper at Leeds University Business School

Jun 28, 2019

Shiqi Chen presented her paper entitled “Financial Policies and Internal Governance with Heterogeneous Risk Preferences” (joint with Bart Lambrecht) in the Accounting and Finance seminar at Leeds University Business School, the Finance seminar at Essex Business School, CERF Lunch Seminar at Cambridge Judge Business School, and at the 2019 Annual Real Options Conference in London.

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