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Cambridge Endowment for Research in Finance (CERF)

 

CERF PhD Scholar: Naoki Yago

University of Cambridge, Faculty of Economics

PhD Supervisor: Professor Giancarlo Corsetti

Project: Exchange Rate Risk and Global Financial Stability

 

The surge in international capital flows and the resulting exchange rate risk and global financial instability is a major concern for policymakers. In the first project, I study monetary transmission when firms are heterogeneous in terms of exposure to exchange rate risk. In the second project, I assess the effect of sterilized foreign exchange intervention empirically using high-frequency identification method. In the third project, I study how financial globalization gives rise to asset bubbles and how this effect depends on financial market conditions.

Latest news

Best Student Paper Award 2021 - winners announced

18 June 2021

For the last 13 years, Cambridge Finance is offering its Best Student Paper Award. The award comprises a cash honorarium of £1,000 and a certificate is awarded to the author of the best student paper in finance presented during the 2020-2021 academic year.

Best Student Paper Award 2021 - competition is now open

12 February 2021

For the last 13 years, Cambridge Finance is offering its Best Student Paper Award. The award comprises a cash honorarium of £1,000 and a certificate is awarded to the author of the best student paper in finance presented during the 2020-2021 academic year.