Anna Pavlova

London Business School

Sussex Place

Regent's Park

London, London NW1 4SA

United Kingdom

http://faculty.london.edu/apavlova

Centre for Economic Policy Research (CEPR)

London

United Kingdom

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SCHOLARLY PAPERS

18

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Scholarly Papers (18)

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1.

Offsetting the Incentives: Risk Shifting and Benefits of Benchmarking in Money Management

Downloads 2,708 ( 4,269)
Citation 16

Offsetting the Incentives: Risk Shifting and Benefits of Benchmarking in Money Management

MIT Sloan Working Paper No. 4303-03; NYU Finance Working Paper; EFA 2003 Annual Conference Paper No. 269; AFA 2005 Philadelphia Meetings
Number of pages: 42 Posted: 05 May 2003
Suleyman Basak, Anna Pavlova and Alex Shapiro
London Business School, London Business School and New York University (NYU) - Department of Finance
Downloads 2,287 (5,893)
Citation 20

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Fund Flows, Implicit Incentives, Risk Taking, Benchmarking, Risk Management, Portfolio Choice

Offsetting the Incentives: Risk Shifting and Benefits of Benchmarking in Money Management

NYU Working Paper No. FIN-03-049
Number of pages: 43 Posted: 12 Nov 2008
Suleyman Basak, Anna Pavlova and Alex Shapiro
London Business School, London Business School and New York University (NYU) - Department of Finance
Downloads 149 (203,177)

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Fund Flows, Implicit Incentives, Risk Taking, Benchmarking, Risk Management, Portfolio Choice

Offsetting the Incentives: Risk Shifting, and Benefits of Benchmarking in Money Management

NYU Working Paper No. SC-AM-02-12
Number of pages: 33 Posted: 13 Nov 2008
Suleyman Basak, Anna Pavlova and Alex Shapiro
London Business School, London Business School and New York University (NYU) - Department of Finance
Downloads 141 (212,635)

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Offsetting the Incentives: Risk Shifting and Benefits of Benchmarking in Money Management

NYU Working Paper No. SC-AM-03-15
Number of pages: 43 Posted: 04 Nov 2008
Suleyman Basak, Anna Pavlova and Alex Shapiro
London Business School, London Business School and New York University (NYU) - Department of Finance
Downloads 108 (260,621)

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Fund Flows, Implicit Incentives, Risk Taking, Benchmarking, Risk Management, Portfolio Choice

Offsetting the Incentives: Risk Shifting and Benefits of Benchmarking in Money Management

CEPR Discussion Paper No. 5006
Number of pages: 44 Posted: 16 Aug 2005
Suleyman Basak, Anna Pavlova and Alex Shapiro
London Business School, London Business School and New York University (NYU) - Department of Finance
Downloads 23 (536,916)
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Fund flows, implicit incentives, risk taking, benchmarking, risk management, portfolio choice

2.

Monopoly Power and the Firm's Valuation: A Dynamic Analysis of Short Versus Long-Term Policies

Downloads 2,095 ( 6,931)
Citation 3

Monopoly Power and the Firm's Valuation: A Dynamic Analysis of Short Versus Long-Term Policies

MIT Sloan Working Paper No. 4234-01; EFA 2001 Barcelona Meetings; AFA 2001 New Orleans Meetings
Number of pages: 32 Posted: 16 Sep 2000
Anna Pavlova and Suleyman Basak
London Business School and London Business School
Downloads 2,070 (6,926)
Citation 3

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Monopoly; Asset Pricing Theory; General Equilibrium; Short-Sighted; Time-Consistency; Coase Conjecture

Monopoly Power and the Firm's Valuation: A Dynamic Analysis of Short Versus Long-Term Policies

CEPR Discussion Paper No. 3425
Number of pages: 35 Posted: 13 Aug 2002
Anna Pavlova and Suleyman Basak
London Business School and London Business School
Downloads 25 (524,161)
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Monopoly, asset pricing theory, general equilibrium, short-sighted, time-consistency

Monopoly Power and the Firm's Valuation: A Dynamic Analysis of Short Versus Long-Term Policies

Economic Theory, Vol. 24, pp. 503-530, 2004
Posted: 19 Mar 2004
Anna Pavlova and Suleyman Basak
London Business School and London Business School

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Monopoly, Asset pricing theory, General equilibrium, Short-sighted, Time-consistency, Coase conjecture

3.

Asset Prices and Exchange Rates

Downloads 1,580 ( 11,141)
Citation 98

Asset Prices and Exchange Rates

MIT Sloan Working Paper No. 4322-03, AFA 2005 Philadelphia Meetings
Number of pages: 45 Posted: 27 Dec 2004
Anna Pavlova and Roberto Rigobon
London Business School and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1,506 (11,742)

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International finance, asset pricing, exchange rate, terms of trade, international transmission

Asset Prices and Exchange Rates

NBER Working Paper No. w9834
Number of pages: 51 Posted: 14 Jul 2003
Anna Pavlova and Roberto Rigobon
London Business School and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 74 (332,718)
Citation 31

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Asset Prices and Exchange Rates

Review of Financial Studies, Vol. 20, pp. 1139-1181, 2007
Posted: 07 Aug 2006
Anna Pavlova and Roberto Rigobon
London Business School and Massachusetts Institute of Technology (MIT) - Sloan School of Management

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International finance, asset pricing, exchange rate, terms of trade, international transmission

Asset Prices and Exchange Rates

The Review of Financial Studies, Vol. 20, Issue 4, pp. 1139-1180, 2007
Posted: 25 Jun 2008
Anna Pavlova and Roberto Rigobon
London Business School and Massachusetts Institute of Technology (MIT) - Sloan School of Management

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G12, G15, F31, F36

4.

A Model of Financialization of Commodities

Downloads 1,548 ( 11,467)
Citation 66

A Model of Financialization of Commodities

Journal of Finance, Forthcoming
Number of pages: 61 Posted: 18 Jan 2013 Last Revised: 14 Sep 2015
Suleyman Basak and Anna Pavlova
London Business School and London Business School
Downloads 1,548 (11,265)
Citation 33

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asset pricing, indexing, commodities, futures, spot prices, institutions, money management, asset class

A Model of Financialization of Commodities

CEPR Discussion Paper No. DP10651
Number of pages: 61 Posted: 16 Jun 2015
Suleyman Basak and Anna Pavlova
London Business School and London Business School
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Citation 8
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asset class, Asset pricing, commodities, futures, indexing, institutions, money management, spot prices

5.

Asset Prices and Institutional Investors

Downloads 1,385 ( 13,689)
Citation 66

Asset Prices and Institutional Investors

AFA 2011 Denver Meetings Paper
Number of pages: 62 Posted: 17 Mar 2010 Last Revised: 27 Aug 2012
Suleyman Basak and Anna Pavlova
London Business School and London Business School
Downloads 1,379 (13,500)
Citation 19

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Asset pricing, indexing, institutions, money management, general equilibrium

Asset Prices and Institutional Investors

CEPR Discussion Paper No. DP9120
Number of pages: 65 Posted: 28 Sep 2012
Suleyman Basak and Anna Pavlova
London Business School and London Business School
Downloads 6 (655,107)
Citation 9
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asset class, Asset pricing, general equilibrium, indexing, institutions, money management

6.

Optimal Asset Allocation and Risk Shifting in Money Management

Downloads 1,295 ( 15,196)
Citation 87

Optimal Asset Allocation and Risk Shifting in Money Management

Number of pages: 40 Posted: 30 Jan 2006
Suleyman Basak, Anna Pavlova and Alex Shapiro
London Business School, London Business School and New York University (NYU) - Department of Finance
Downloads 1,274 (15,277)
Citation 5

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Fund Flows, Implicit Incentives, Risk Taking, Relative Performance, Risk Management, Portfolio Choice

Optimal Asset Allocation and Risk Shifting in Money Management

CEPR Discussion Paper No. 5524
Number of pages: 44 Posted: 14 Jun 2006
Suleyman Basak, Anna Pavlova and Alex Shapiro
London Business School, London Business School and New York University (NYU) - Department of Finance
Downloads 21 (550,010)
Citation 7
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Fund flows, implicit incentives, risk taking, relative performance, risk management, portfolio choice

7.

A Dynamic Model with Import Quota Constraints

Downloads 722 ( 35,456)

A Dynamic Model with Import Quota Constraints

Number of pages: 41 Posted: 05 Mar 2002 Last Revised: 04 Sep 2015
Anna Pavlova and Suleyman Basak
London Business School and London Business School
Downloads 704 (36,103)

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Quota, International Economics and Finance, Asset Pricing, Integral Constraints

A Dynamic Model with Import Quota Constraints

CEPR Discussion Paper No. 3414
Number of pages: 43 Posted: 06 Aug 2002
Anna Pavlova and Suleyman Basak
London Business School and London Business School
Downloads 18 (570,124)
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Quota, international economics and finance, asset pricing, integral constraints

8.

Multiplicity in General Financial Equilibrium with Portfolio Constraints

Downloads 695 ( 37,327)
Citation 6

Multiplicity in General Financial Equilibrium with Portfolio Constraints

PIER Working Paper No. 06-012
Number of pages: 35 Posted: 27 Mar 2006
Suleyman Basak, Anna Pavlova, David Cass (deceased) and Juan Manuel Licari
London Business School, London Business School, University of Pennsylvania, School of Arts & Sciences, Department of Economics (deceased) and University of Pennsylvania - Department of Economics
Downloads 681 (37,763)
Citation 3

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Multiple equilibria, asset pricing, portfolio constraints, indeterminacy, financial equilibrium

Multiplicity in General Financial Equilibrium with Portfolio Constraints

CEPR Discussion Paper No. 5804
Number of pages: 38 Posted: 11 Oct 2006
Suleyman Basak, Anna Pavlova, David Cass (deceased) and Juan Manuel Licari
London Business School, London Business School, University of Pennsylvania, School of Arts & Sciences, Department of Economics (deceased) and University of Pennsylvania - Department of Economics
Downloads 14 (597,470)
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Multiple equilibria, asset pricing, portfolio constraints, indeterminacy, financial equilibrium

Multiplicity in General Financial Equilibrium with Portfolio Constraints

Journal of Economic Theory, Forthcoming
Posted: 21 Aug 2006
Suleyman Basak, Anna Pavlova, David Cass (deceased) and Juan Manuel Licari
London Business School, London Business School, University of Pennsylvania, School of Arts & Sciences, Department of Economics (deceased) and University of Pennsylvania - Department of Economics

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Multiple Equilibria, Asset Pricing, Portfolio Constraints, Indeterminacy, Financial Equilibrium

9.

Offsetting the Implicit Incentives: Benefits of Benchmarking in Money Management

Number of pages: 24 Posted: 18 Aug 2006 Last Revised: 17 Dec 2007
Suleyman Basak, Anna Pavlova and Alex Shapiro
London Business School, London Business School and New York University (NYU) - Department of Finance
Downloads 626 (42,986)
Citation 8

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Benchmarking, Fund Flows, Implicit Incentives, Risk Taking, Risk Management, Portfolio Choice

10.

Adjustment Costs, Learning-by-Doing, and Technology Adoption Under Uncertainty

MIT Sloan Working Paper No. 4369-01; CARESS Working Paper No. 99-07
Number of pages: 35 Posted: 31 May 2002
Anna Pavlova
London Business School
Downloads 536 (52,499)
Citation 3

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Technological Change, Vintage Capital, Optimal Scrapping, Learning-by-doing

11.

The Role of Portfolio Constraints in the International Propagation of Shocks

Downloads 433 ( 68,389)
Citation 74

The Role of Portfolio Constraints in the International Propagation of Shocks

EFA 2006 Zurich Meetings Paper, MIT Sloan Working Paper, AFA 2008 New Orleans Meetings Paper
Number of pages: 54 Posted: 24 Feb 2005
Anna Pavlova and Roberto Rigobon
London Business School and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 431 (68,112)
Citation 11

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International finance, asset pricing, terms of trade, portfolio constraints, contagion

The Role of Portfolio Constraints in the International Propagation of Shocks

CEPR Discussion Paper No. DP6647
Number of pages: 57 Posted: 05 Jun 2008
Anna Pavlova and Roberto Rigobon
London Business School and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 2 (690,045)
Citation 4
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Asset pricing, contagion, International finance, portfolio constraints, terms of trade, wealth transfer

The Role of Portfolio Constraints in the International Propagation of Shocks

Review of Economic Studies, Forthcoming
Posted: 20 Mar 2008
Anna Pavlova and Roberto Rigobon
London Business School and Massachusetts Institute of Technology (MIT) - Sloan School of Management

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International finance, asset pricing, exchange rate, terms of trade, wealth transfer, portfolio constraints, contagion, international transmission

12.

On Trees and Logs

Downloads 430 ( 69,006)

On Trees and Logs

MIT Sloan Working Paper No. 4233-02; CARESS Working Paper No. 00-01
Number of pages: 44 Posted: 31 May 2002
Anna Pavlova and David Cass (deceased)
London Business School and University of Pennsylvania, School of Arts & Sciences, Department of Economics (deceased)
Downloads 430 (68,337)
Citation 13

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Lucas Tree Model, Equilibrium Theory, Peculiar

On Trees and Logs

Journal of Economic Theory, Vol. 116, pp. 41-83, 2004
Posted: 08 Oct 2003
Anna Pavlova and David Cass (deceased)
London Business School and University of Pennsylvania, School of Arts & Sciences, Department of Economics (deceased)

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Lucas tree model, Equilibrium theory, Peculiar financial equilibrium, Nonuniqueness of equilibria, Portfolio constraints

13.

Equilibrium Portfolios and External Adjustment Under Incomplete Markets

AFA 2009 San Francisco Meetings Paper
Number of pages: 41 Posted: 20 Mar 2008 Last Revised: 28 Mar 2012
Anna Pavlova and Roberto Rigobon
London Business School and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 302 (103,354)
Citation 17

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Current account, portfolio rebalancing, capital gains, international finance, asset pricing, global imbalances

14.

An Asset-Pricing View of External Adjustment

Downloads 182 (170,796)
Citation 15

An Asset-Pricing View of External Adjustment

MIT Sloan Research Paper, EFA 2008 Athens Meetings Paper
Number of pages: 47 Posted: 05 Mar 2008
Anna Pavlova and Roberto Rigobon
London Business School and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 166 (185,272)

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current account, portfolio rebalancing, capital gains, international finance, asset pricing, global imbalances

An Asset-Pricing View of External Adjustment

NBER Working Paper No. w13468
Number of pages: 48 Posted: 05 Oct 2007 Last Revised: 03 Jul 2010
Anna Pavlova and Roberto Rigobon
London Business School and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 16 (583,483)

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15.

International Macro-Finance

Downloads 163 (187,966)
Citation 2

International Macro-Finance

Number of pages: 20 Posted: 15 Jan 2011
Anna Pavlova and Roberto Rigobon
London Business School and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 99 (277,149)

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International Macroeconomics, Asset Pricing, International Macro-Finance, International Portfolios, Equity Prices

International Macro-Finance

NBER Working Paper No. w16630
Number of pages: 21 Posted: 27 Dec 2010 Last Revised: 01 Jan 2011
Anna Pavlova and Roberto Rigobon
London Business School and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 57 (382,758)

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International Macro-Finance

CEPR Discussion Paper No. DP8218
Number of pages: 22 Posted: 31 Jan 2011
Anna Pavlova and Roberto Rigobon
London Business School and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 7 (647,841)
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asset pricing, equity prices, international macroeconomics, international portfolios

16.

The Benchmark Inclusion Subsidy

Downloads 104 (266,168)

The Benchmark Inclusion Subsidy

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2018-83
Number of pages: 47 Posted: 12 Dec 2018
Anil K. Kashyap, Natalia Kovrijnykh, Jian Li and Anna Pavlova
University of Chicago, Booth School of Business, Arizona State University (ASU) - Economics Department, University of Chicago and London Business School
Downloads 59 (376,130)

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The Benchmark Inclusion Subsidy

Number of pages: 51 Posted: 19 Dec 2018 Last Revised: 13 Jan 2020
Anil K. Kashyap, Natalia Kovrijnykh, Jian Li and Anna Pavlova
University of Chicago, Booth School of Business, Arizona State University (ASU) - Economics Department, University of Chicago and London Business School
Downloads 39 (451,386)

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Project Valuation, Investment, Mergers, Asset Management, Benchmark

The Benchmark Inclusion Subsidy

NBER Working Paper No. w25337
Number of pages: 52 Posted: 11 Dec 2018
Anil K. Kashyap, Natalia Kovrijnykh, Jian Li and Anna Pavlova
University of Chicago, Booth School of Business, Arizona State University (ASU) - Economics Department, University of Chicago and London Business School
Downloads 6 (655,107)
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The Benchmark Inclusion Subsidy

CEPR Discussion Paper No. DP13356
Number of pages: 48 Posted: 11 Dec 2018
Anil K. Kashyap, Natalia Kovrijnykh, Jian Li and Anna Pavlova
University of Chicago, Booth School of Business, Arizona State University (ASU) - Economics Department, University of Chicago and London Business School
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asset management, Benchmark, Index, investment, mergers, Project Valuation

17.

Wealth Transfers, Contagion, and Portfolio Constraints

Downloads 57 (377,124)
Citation 2

Wealth Transfers, Contagion, and Portfolio Constraints

NBER Working Paper No. w11440
Number of pages: 50 Posted: 12 Jul 2005 Last Revised: 10 Aug 2005
Anna Pavlova and Roberto Rigobon
London Business School and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 36 (464,926)

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Wealth Transfers, Contagion and Portfolio Constraints

CEPR Discussion Paper No. 5117
Number of pages: 52 Posted: 10 Aug 2005
Anna Pavlova and Roberto Rigobon
London Business School and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 21 (550,010)
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International finance, asset pricing, terms of trade, portfolio constraints, contagion

18.

Optimal Asset Allocation and Risk Shifting in Money Management

Review of Financial Studies, Vol. 20, No. 5, pp. 1583-1621, 2007
Posted: 07 Aug 2006 Last Revised: 21 Mar 2008
Anna Pavlova, Suleyman Basak and Alex Shapiro
London Business School, London Business School and New York University (NYU) - Department of Finance

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Fund Flows, Implicit Incentives, Risk Taking, Relative Performance, Risk Management, Portfolio Choice

Other Papers (1)

Total Downloads: 51
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1.

Multiplicity in General Financial Equilibrium with Portfolio Constraints, Second Version

PIER Working Paper No. 06-020
Number of pages: 36 Posted: 19 Jul 2006
Suleyman Basak, Anna Pavlova, David Cass (deceased) and Juan Manuel Licari
London Business School, London Business School, University of Pennsylvania, School of Arts & Sciences, Department of Economics (deceased) and University of Pennsylvania - Department of Economics
Downloads 51

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Multiple equilibria, asset pricing, portfolio constraints, indeterminacy, financial equilibrium.