Edmund VK Fitzgerald
Ph.D., University of Cambridge
Reader in International Economics and Finance, Director, Queen Elizabeth House.
College or Institution: St Antony’s College
Email address: .(JavaScript must be enabled to view this email address)
Research Interests
Summary: International capital markets; macroeconomics of small open economies; Spain, Mexico and central America.
Currently researching the causes of international capital market inefficiency in relation to ‘emerging market’ economies, with reference to the empirical evidence for (and theoretical models of) home bias, portfolio herding, risk aversion, country risk etc on the one hand and the institutional characteristics which frame this apparently intrinsic investor behaviour on the other. These institutional characteristics include the way that firms and instruments are designed (in order to cope with uncertainty, contract enforcement, information costs etc), conventional patterns of market behaviour (such as index tracking and management incentives) and the regulatory structures designed to increase market efficiency and prevent market failure. This research has led to advisory work for the UK Government on infrastructure bonds and for the UNCTAD on debt sustainability. Also engaged in the quantitative analysis of long-run macroeconomic, growth and welfare change in Latin America over the twentieth century on the basis of a new economic history data base (OxLAD – available on OxLIP) compiled by the Latin American Centre. Last, but perhaps not least, I am working with UNICEF on the impact of macroeconomic instability on children on poor countries, and the implications for conventionally accepted wisdom on monetary stabilisation and structural adjustment.
Research Group(s)
Recent Working Papers
- Monetary Models and Inflation Targeting in Emerging Market Economies (2004)
- see more working papers by this author
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Category: Economists in other Oxford Departments