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Reference : UMR8545-ANILEF-009
Workplace : PARIS,PARIS 14
Date of publication : Thursday, October 22, 2020
Type of Contract : FTC Scientist
Contract Period : 12 months
Expected date of employment : 2 November 2020
Proportion of work : Full time
Remuneration : between 2728 and 3881 € gross depending on experience
Desired level of education : PhD
Experience required : Indifferent
The objective is to conduct research on the reforms of the financial infrastructure undertaken worldwide following the financial crisis of 2008. Financial infrastructure refers to the set of institutions (stock exchanges, Central counterparties, payment systems...) that intervene in the operation of financial intermediaries and, more broadly, to the regulatory framework for the financial sector. The two main regulatory measures are: (1) mandatory use of central counterparties for transactions on standardized derivatives (2) report of all derivatives transactions to regulators. These reforms, partially implemented, aim at improving the efficiency and stability of the financial system. The research questions include the following: the management of risks and the capital structure of the central counterparties, the impact of the financial infrastructures on the financial institutions and their tades, the competition on between the central counterparties and coordination between jurisdictions. The post-doctoral fellow is free to conduct research on these issues, depending on his/her interests and competences, in coordination with Gabrielle Demange.
The post-doctoral fellow will participate in the scientific activities of the ANR FIRR team, comprising 4 researchers from Pse, Banque de France and HEC. He / she will develop theoretical or empirical models in order to assess the effectiveness of new regulatory measures on the risk of the financial system by mobilizing, for example, tools from game theory and network modeling (to model over-the-counter markets and assess the impact of CCPs) industrial organization and insurance economics (to study competition between CCPs) political economy (to study competition between constituencies), and simulation methods.
* Phd in economics or finance
* Speaks and reads English fluently
* A record of high quality research
Financed by the project "Financial Infrastructure: Risks and Regulation", ANR-18-CE26-0015-01, scientific coordinator: Gabrielle Demange.
The post-doctoral researcher (M /W ) will be based in the PjSE-UMR8545 laboratory in the premises of the Paris School of Economics on the Jourdan Campus of the ENS in the 14th arrondissement of Paris.
The Paris School of Economics brings together a community of 140 researchers and around 200 doctoral students, and is one of the best economics departments in Europe. For more information see https://www.parisschoolofeconomics.eu/
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