New Research in Financial Markets

• Invaluable reference tool for scholars in the field of financial economics
• Reflects the depth and breadth of the research interests of European scholars in financial economics

Readership: Economists and advanced students of economics with an interest in finance, corporate finance, and monetary economics.

Bruno Biais, University of Toulouse, and Marco Pagano, University of Salerno

Bruno Biais and Marco Pagano: Introduction
I. Asset Pricing1: Magnus Dahlquist and Paul Söderlind: Evaluating Portfolio Performance with Stochastic Discount Factors
2: Bernard Dumas, Jeff Fleming, and Robert E. Whaley: Implied Volatility Functions: Empirical Tests
II. Market Microstructure3: Jean-Charles Rochet and Jean-Luc Vila: Insider Trading without Normality
4: Bruno Biais and Pierre Hillion: Insider and Liquidity Trading in Stock and Options Markets
5: Xavier Vives: The Speed of Information Revelation in a Financial Market Mechanism
III. Speculation6: James Dow and Gary Gorton: Arbitrage Chains
7: Pierluigi Balduzzi, Giuseppe Bertola, and Silverio Foresi: Asset Price Dynamics and Infrequent Feedback Trades
8: Bruno Biais and Peter Bossaerts: Asset Prices and Trading Volume in a Beauty Contest
9: Stephen Morris and Hyun Song Shin: Unique Equilibrium in a Model of Self-Fulfilling Currency Attacks
IV. Asset Pricing and Corporate Finance10: Ronald W. Anderson and Suresh Sundaresan: Design and Valuation of Debt Contracts
11: René M. Stulz and Walter Wasserfallen: Foreign Equity Investment Restrictions, Capital Flight, and Shareholder Wealth Maximization: Theory and Evidence