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François Guillemin – Seeking Adventure while Engaging in Serious Research

In deciding to join HSE as a post-doc fellow in the Center for Institutional Studies, François Guillemin sought to combine a sense of adventure with a post-doctoral experience that would allow him to continue his research in the field of banking regulation. HSE ended up on the top of his list, and he accepted an offer to start this September.

While at HSE, Guillemin intends to study the relationship between banking sector disclosure policies and the credit activity of commercial banks, which will give him the opportunity to continue his research on the effect that bank disclosure policy has on banks’ decision-making process.

‘The post-doctoral position at HSE will be a fabulous experience for me to investigate Russian specificities and therefore to observe whether it is significantly different than in western Europe’, he says. ‘In the meantime, I am also looking forward to exploring the variation of tonality in speeches of bank managers in press and financial reports, and its relationship with the deposit activity of commercial banks.

François Guillemin, originally from the city of Besançon in eastern France (the same city where Victor Hugo was born in 1802), describes himself as a culture enthusiast and something of an Indiana Jones when it comes to seeking adventure. After completing his undergraduate training in economics and accounting and a Master’s degree in administrative and financial management at Université de Franche-Comté, he chose to enrol in a second Master’s programme at Northern Arizona University, where he concentrated on economics and regulation before eventually pursuing PhD studies with a focus on banking regulation.

‘My appetite for going abroad played a significant role in my decision to join HSE’, he says. ‘The post-doc is a great combination of my thrill for new experiences and an incredible springboard for my future career’.

Apart from continuing his research in banking regulation, Guillemin hopes to use his time at HSE to forge connections with other researchers and develop a network of future colleagues and co-authors. Given that this will be his first time in Moscow, he hopes to make the most of his time to learn the city, study Russian, and to integrate into the Russian community as much as possible. Finally, he intends to pursue his passion for photography.

‘Moscow will be an opportunity for me to jump into street photography and to push my limits’, he says with excitement. ‘I am excited to discover the history of the architecture and the history of the city, as well as local customs and traditions’.

Anna Chernyakhovskaya, specially for HSE News service

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FES Announces the Winner of the Nobel Prize in Economics 2024 Prediction Contest

The HSE Faculty of Economic Sciences summarised the results of its traditional prediction contest. FES holds this contest annually on the eve of Nobel Week. This year, the contest once again attracted participants from different regions of Russia and countries around the world. Remarkably, one participant managed to predict all three laureates of the 2024 Economics Prize.

Try Your Hand at Predicting the 2024 Nobel Prize Winner in Economics

The Faculty of Economic Sciences is launching its annual prediction contest. On October 14, the Nobel Committee will announce the winners of the Sveriges Riksbank Alfred Nobel Prize in Economic Sciences live on air. You have time to prepare and explore the landscape of contemporary economic thought. What topics and areas are considered particularly important and promising at the moment? Anyone can win.

Choosing the Right Server Results in Better Outcomes in Doubles Tennis

The Roland Garros tennis tournament, one of the most prestigious in the world, began on May 26. The prize money for this year's French Open totals nearly 54 million euros, with athletes competing in both singles and doubles events. In doubles tennis, choosing the right strategy for a match is crucial. Athletes' ability to adapt to the dynamics of the match and strategically choose the server can earn the pair up to 5% more points, according to Nikolai Avkhimovich, doctoral student and research fellow at the Laboratory of Sports Studies of the HSE Faculty of Economic Sciences. A paper with the study findings has been published in Applied Economics.

Consumer Prices Decrease in Densely Populated Areas

HSE University economists have proposed a novel approach to modelling monopolistic competition with heterogeneous firms and consumers. The results of collaborative research carried out by Alexander Tarasov from Moscow, his co-authors from HSE University–St Petersburg, together with the Norwegian School of Economics, the University of Pennsylvania, and the Free University of Brussels, have been published in American Economic Journal: Microeconomics.

Football Players Cover Greater Distances During Critical Derby Matches at Home Arena

Researchers at the HSE Faculty of Economic Sciences examined the level of effort that professional football players are willing to exert during a match in absence of financial incentives. It appears that the primary factors driving players to strive harder for victory are the strength of the opponent and the significance of the match for the club. This is particularly noticeable in derby matches between teams from the same city, such as the Moscow derby between CSKA and Spartak on April 25, 2024. The study has been published in the Journal of the New Economic Association

Participation in Crowdfunding Can Generate up to 73% in Returns Annually

Backers of projects on crowdfunding platforms can expect rewards from their pledges. For example, funding someone's idea on Kickstarter can result in an average annual return of 11.5%, with design projects known to deliver returns as high as 70%. However, it is important to note that these returns do not come in the form of direct cash payments but rather as savings on the purchase of the product once it hits the market. This has been demonstrated in a study by researchers at the HSE Faculty of Economics published in Economic Analysis Letters.

Economists Suggest Using Media's Attention to Bitcoin to Predict its Returns

Researchers at the HSE Faculty of Economic Sciences have studied the relationship between the changes in the bitcoin prices and the media attention to this cryptocurrency. The researchers examined the mentions of bitcoin in the media between 2017 and 2021 and built a mathematical model that revealed the strong relationship between media attention and bitcoin prices. The study was published in the Applied Stochastic Models in Business and Industry journal.

HSE Economists Develop a Model for Sustainable Solar Geoengineering Agreements

Researchers at HSE University and George Mason University have investigated the sustainability of prospective international agreements on solar geoengineering. The authors have proposed a scheme in which payments flow from affluent nations to less wealthy ones; an arrangement which sets their proposal apart from traditional systems. The proposed model aims to dissuade more vulnerable countries from excessive use of the prevalent geoengineering method by providing compensation for the potential damage they may incur and supporting their adaptation to climate change. The paper has been published in Environmental and Resource Economics.

Crypto Investors Receive Downside Risk Premiums

Victoria Dobrynskaya, Assistant Professor at the HSE Faculty of Economic Sciences, has analysed the price dynamics of 2,000 cryptocurrencies from 2014 to 2021 and investigated the association between downside risks and average returns in the cryptocurrency market. As it turns out, cryptocurrencies exhibiting a greater risk tend to yield higher average returns. The study has been published in International Review of Financial Analysis.

Results of the Contest to Predict Nobel Prize Winners in Economics

Claudia Goldin's award was predicted by five people. They are Olga Peresypkina (RSVPU), Anastasia Sirotina (first-year student of the Bachelor's in Applied Mathematics and Information Science at HSE University), Mikhail Shabanov (Global Vision Asset Management LLC), Tatul Hayrapetyan (PhD student at the Stanford Graduate School of Business), and Hemant Kumar (Ettumanoorappan College, Kerala, India).