• Workshop on Financial Economics

    On November 7 and 8, 2014, ICEF and LFE will hold a Workshop in Financial Economics with participation of first-class international researchers in the field. To the program
  • Professor Bart Taub is now a regular visitor of ICEF and LSE

    Bart Taub, Professor in Finance at the Adam Smith Business School of the University of Glasgow is now a regular visitor of ICEF and LSE. For an interview with Bart, see here. See news about Bart Taub's visit here.
  • Professor Dmitry Livdan from the Haas School of Business at the University of California Berkeley visited ICEF and LFE

    During the month of June, 2014, Dmitry Livdan from the Haas School of Business at the University of California Berkeley has been visiting ICEF and LFE. See news about Dmitry Livdan's visit here.
  • New publication by Alexei Boulatov: Informed Trading and Portfolio Returns

    Review of Economic Studies

    We solve a multi-period model of strategic trading with long-lived information in multiple assets with correlated innovations in fundamental values.
    Read more

  • New publication by Udara Peiris: Savings and default

    Economic Theory

    In the presence of uninsurable idiosyncratic risk, the optimal credit contract allows for the possibility of default. In addition, the optimal contract incorporates a precautionary savings motive over and above what agents would otherwise save. Read more

  • New publication by Marie-Ann Betschinger: Do banks matter for the risk of a firm's investment portfolio? Evidence from foreign direct investment programs

    Strategic Management Journal

    The study explores the role of banks as debt and equity holders for the riskiness of a firm's investment strategy using a panel of Japanese firms in the electronics industry in the period 1992–2004 for the empirical analysis. Read more


The foremost goal of the International Laboratory of Financial Economics (LFE) is to support academic research in finance at best international standards in Russia, particularly but not exclusively with a focus on emerging financial markets.