Emiliano Pagnotta

Imperial College Business School

Assistant Professor of Finance

Imperial College Business School, Tanaka Building

London, SW7 2AZ

Great Britain

  • Imperial College Business School

    • Email
    • Tel: +447478734028
SCHOLARLY PAPERS

10

DOWNLOADS

9,772

SSRN CITATIONS

187

CROSSREF CITATIONS

94

Ideas:
“  RESEARCH INTERESTS: SECURITIES TRADING, LIQUIDITY, FINTECH, INDUSTRIAL ORGANIZATION OF FINANCIAL MARKETS, MICROSTRUCTURE, ASSET PRICING, CORPORATE FINANCE, FINANCIAL INNOVATION, ECONOMICS OF INFORMATION, INSIDER TRADING, BITCOIN, BLOCKCHAIN, CRYPTOCURRENCIES.  ”

  • Imperial College Business School

    • Email
    • Tel: +447478734028

Scholarly Papers (10)

Actions:
Email selected abstracts
1.

An Equilibrium Valuation of Bitcoin and Decentralized Network Assets

Number of pages: 40 Posted: 20 Mar 2018 Last Revised: 26 Jul 2018
Emiliano Pagnotta and Andrea Buraschi
Imperial College Business School and Imperial College Business School
Downloads 4,153 (2,647)
Citation 60

Abstract:

Loading...

Bitcoin, blockchain, cryptocurrencies, crypto assets, mining, decentralization, trust, Ethereum, Litecoin, financial networks, hashrate, miners' competition, unity

2.

Competing on Speed

Downloads 1,389 ( 16,241)
Citation 42

Competing on Speed

Econometrica, Vol. 86, No. 3
Number of pages: 57 Posted: 02 Dec 2011 Last Revised: 17 Dec 2018
Emiliano Pagnotta and Thomas Philippon
Imperial College Business School and New York University (NYU) - Department of Finance
Downloads 1,206 (19,746)
Citation 30

Abstract:

Loading...

liquidity, fragmentation, trading, exchanges, asset pricing, financial markets, high frequency trading, regulation, search, welfare

Competing on Speed

NYU Working Paper No. 2451/31437
Number of pages: 74 Posted: 15 Dec 2011
Emiliano Pagnotta and Thomas Philippon
Imperial College Business School and New York University (NYU) - Department of Finance
Downloads 139 (246,559)

Abstract:

Loading...

Competing on Speed

NBER Working Paper No. w17652
Number of pages: 75 Posted: 12 Dec 2011 Last Revised: 27 Mar 2021
Thomas Philippon and Emiliano Pagnotta
New York University (NYU) - Department of Finance and Imperial College Business School
Downloads 40 (507,268)

Abstract:

Loading...

Competing on Speed

CEPR Discussion Paper No. DP8786
Posted: 31 Jan 2012
Emiliano Pagnotta and Thomas Philippon
Imperial College Business School and New York University (NYU) - Department of Finance
Downloads 4 (756,190)
Citation 13
  • Add to Cart

Abstract:

Loading...

exchanges, high frequency, speed, trading

3.

Chasing Private Information

Downloads 1,165 ( 21,200)
Citation 9

Chasing Private Information

The Review of Financial Studies (Forthcoming)
Number of pages: 79 Posted: 24 Nov 2015 Last Revised: 17 Dec 2018
Marcin T. Kacperczyk and Emiliano Pagnotta
Imperial College London - Accounting, Finance, and Macroeconomics and Imperial College Business School
Downloads 1,165 (20,835)
Citation 4

Abstract:

Loading...

Private information, information signals, adverse selection proxies, insider trading, trading strategies, liquidity, asset prices, abnormal volume, stock markets, option markets, volatility, SEC

Chasing Private Information

CEPR Discussion Paper No. DP12871
Number of pages: 64 Posted: 16 Apr 2018
Marcin T. Kacperczyk and Emiliano Pagnotta
Imperial College London - Accounting, Finance, and Macroeconomics and Imperial College Business School
Downloads 0
Citation 6
  • Add to Cart

Abstract:

Loading...

4.

Decentralizing Money: Bitcoin Prices and Blockchain Security

Review of Financial Studies (forthcoming)
Number of pages: 68 Posted: 15 Nov 2018 Last Revised: 14 Nov 2020
Emiliano Pagnotta
Imperial College Business School
Downloads 1,105 (22,900)
Citation 32

Abstract:

Loading...

bitcoin, blockchain, cryptocurrencies, volatility, bubbles, mining, asset prices, inflation, decentralization, networks

5.

Becker Meets Kyle: Legal Risk and Insider Trading

Downloads 571 ( 56,866)
Citation 1

Becker Meets Kyle: Legal Risk and Insider Trading

Number of pages: 61 Posted: 17 Mar 2018 Last Revised: 14 Nov 2020
Marcin T. Kacperczyk and Emiliano Pagnotta
Imperial College London - Accounting, Finance, and Macroeconomics and Imperial College Business School
Downloads 571 (56,222)
Citation 2

Abstract:

Loading...

Private Information, Insider Trading, Trading Strategies, Liquidity, Asset Prices, Volume, Stock Markets, Option Markets, Volatility, SEC, Financial Crime

Becker Meets Kyle: Inside Insider Trading

CEPR Discussion Paper No. DP13928
Number of pages: 79 Posted: 07 Oct 2019
Marcin T. Kacperczyk and Emiliano Pagnotta
Imperial College London - Accounting, Finance, and Macroeconomics and Imperial College Business School
Downloads 0
  • Add to Cart

Abstract:

Loading...

6.

Information and Liquidity Trading at Optimal Frequencies

Number of pages: 53 Posted: 29 Sep 2010 Last Revised: 02 Oct 2010
Emiliano Pagnotta
Imperial College Business School
Downloads 519 (63,900)
Citation 16

Abstract:

Loading...

Market structure, asymmetric information, trading strategies, limit-order book, insider trading, liquidity, market makers, limit orders, market orders, inter arrival times, bid-ask spread

7.

Does Central Clearing Affect Price Stability? Evidence from Nordic Equity Markets

Number of pages: 44 Posted: 07 Nov 2013 Last Revised: 28 Oct 2015
Albert J. Menkveld, Emiliano Pagnotta and Marius Zoican
Vrije Universiteit Amsterdam, Imperial College Business School and University of Toronto at Mississauga - Department of Management
Downloads 382 (92,305)

Abstract:

Loading...

Central clearing, price stability, equity volatility, margin requirement, counterparty risk, liquidity

8.

Speed, Fragmentation, and Asset Prices

Downloads 345 (103,586)

Speed, Fragmentation, and Asset Prices

Number of pages: 68 Posted: 13 Dec 2012 Last Revised: 14 Nov 2020
Emiliano Pagnotta
Imperial College Business School
Downloads 269 (134,580)

Abstract:

Loading...

fragmentation, asset pricing, liquidity, exchanges, investor protection, investor participation, regulation, frictions

Asset Pricing Frictions in Fragmented Markets

NYU Working Paper No. 2451/31688
Number of pages: 68 Posted: 25 Jan 2013
Emiliano Pagnotta
Imperial College Business School
Downloads 76 (372,876)

Abstract:

Loading...

9.

Supplement to 'Competing on Speed': Online Appendices

Number of pages: 20 Posted: 30 Apr 2012 Last Revised: 12 Oct 2017
Emiliano Pagnotta and Thomas Philippon
Imperial College Business School and New York University (NYU) - Department of Finance
Downloads 104 (303,887)

Abstract:

Loading...

liquidity, fragmentation, welfare, regulation, asset prices, trading venues, trading speed, high-frequency-trading, exchanges

10.

Asset Pricing Frictions in Fragmented Markets - Online Appendix

Number of pages: 14 Posted: 23 Jan 2013
Emiliano Pagnotta
Imperial College Business School
Downloads 39 (501,350)

Abstract:

Loading...

Fragmentation, speed, liquidity, asset prices, exchanges, trade-through rule, regulation