Publications

The Centre has a regular discussion paper series dedicated to academic research, as well as a special paper series focused on policy analysis. In addition, affiliated researchers publish a variety of books, reports and opinion pieces.

Discussion Papers
Jun 2020
DP 100
We investigate the causal impact of financial risk on economic growth, using a panel spanning 150 years and 74 countries. Persistent low risk encourages risky investments that ultimately augment growth but at the cost of building up of...
Discussion Papers
Jun 2020
DP 99
Jeremy David Turiel, Delmiro Fernandez-Reyes and Tomaso Aste
During the unfolding of a crisis, it is crucial to determine its severity, yet access to reliable data is challenging. We investigate the relation between geolocated Tweet Intensity of initial COVID-19 related tweet at the beginning of the pandemic...
Discussion Papers
Jun 2020
DP 98
We assess the ability of an information aggregation mechanism that operates in the over-the-counter market for financial derivatives to reduce valuation uncertainty among market participants. The analysis is based on a unique dataset of price...
Opinion Pieces
Jun 2020
Cevat G. Aksoy, Barry Eichengreen and Orkun Saka
What will be the political legacy of the COVID-19 pandemic? This column uses data from the 2006-2018 Gallup World Polls to show that epidemic exposure during an individual’s ‘impressionable years’ of 18 to 25 has a persistent negative effect on...
Discussion Papers
Jun 2020
DP 97
Cevat G. Aksoy, Barry Eichengreen and Orkun Saka
What will be the political legacy of the Coronavirus pandemic? We find that epidemic exposure in an individual’s “impressionable years” (ages 18 to 25) has a persistent negative effect on confidence in political institutions and leaders. We find...
Opinion Pieces
May 2020
Cevat G. Aksoy, Barry Eichengreen and Orkun Saka
It is argued that COVID-19 will reverse the ongoing trend of challenging the value of science and the integrity of scientists. This column shows that exposure to epidemics in one’s country of residence during the ‘impressionable years’ of ages 18 to...
Discussion Papers
May 2020
DP 96
Cevat G. Aksoy, Barry Eichengreen and Orkun Saka
An effect of the COVID-19 pandemic, it is sometimes suggested, will be to reverse the secular trend toward questioning the value of scientific research and expertise. We analyze this hypothesis by examining how exposure to previous epidemics...
Discussion Papers
Apr 2020
DP 95
Gbenga Ibikunle and Khaladdin Rzayev
We exploit the exogenous shock of the COVID-19 pandemic on financial markets and regulatory restrictions on dark trading to investigate how volatility drives dark market share and trader venue selection. We find that, consistent with theory,...
Special Papers
Apr 2020
SP 19
Synthetic control method (SCM) is generally used for producing counterfactual scenarios in policy evaluations. In the light and urgency of the recent developments regarding the COVID-19 virus and the related human and economic losses, I propose a...
Special Papers
Apr 2020
SP 18
We carry out some analysis of the daily data on the number of new cases and number of new deaths by (191) countries as reported to the European CDC. We work with a quadratic time trend model applied to the log of new cases for each country. This...

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