Emiliano Pagnotta

Imperial College Business School

Assistant Professor of Finance

Imperial College Business School, Tanaka Building

London, SW7 2AZ

Great Britain

SCHOLARLY PAPERS

10

DOWNLOADS

8,340

SSRN CITATIONS

46

CROSSREF CITATIONS

78

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.  ”

Scholarly Papers (10)

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 3,608 (2,709)
Citation 33

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

2.
Downloads 1,314 ( 14,611)
Citation 16

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 1,141 (17,784)
Citation 14

Abstract:

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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 130 (223,722)

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Competing on Speed

NBER Working Paper No. w17652
Number of pages: 75 Posted: 12 Dec 2011
Thomas Philippon and Emiliano Pagnotta
New York University (NYU) - Department of Finance and Imperial College Business School
Downloads 39 (445,190)

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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 (661,134)
Citation 1
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exchanges, high frequency, speed, trading

3.
Downloads 1,013 ( 21,621)
Citation 4

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 1,013 (21,246)
Citation 3

Abstract:

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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
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4.

Bitcoin as Decentralized Money: Prices, Mining, and Network Security

Number of pages: 65 Posted: 15 Nov 2018 Last Revised: 11 Dec 2018
Emiliano Pagnotta
Imperial College Business School
Downloads 745 (33,371)
Citation 9

Abstract:

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

5.

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 493 (57,425)
Citation 12

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

Becker Meets Kyle: Inside Insider Trading

Number of pages: 76 Posted: 17 Mar 2018 Last Revised: 09 Aug 2019
Marcin T. Kacperczyk and Emiliano Pagnotta
Imperial College London - Accounting, Finance, and Macroeconomics and Imperial College Business School
Downloads 383 (77,157)

Abstract:

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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
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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
VU Amsterdam, Imperial College Business School and University of Toronto at Mississauga - Department of Management
Downloads 343 (88,447)

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

Speed, Fragmentation, and Asset Prices

Number of pages: 68 Posted: 13 Dec 2012 Last Revised: 22 Jun 2014
Emiliano Pagnotta
Imperial College Business School
Downloads 239 (129,584)

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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 71 (335,922)

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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 97 (274,897)

Abstract:

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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 34 (456,700)

Abstract:

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