Biography

Jacques OLIVIER
Professor, Department Finance,
Program Director, HEC MS Finance
Date of arrival at HEC Paris: 1996

CENTERS OF INTEREST
Capital Markets : Speculative bubbles and volatility of financial markets.
Mutual funds : Socially responsible investment.
International Trade.
Growth and Development.

RESEARCH AND PUBLICATIONS
Articles :
"Globalization and the Dynamics of cultural Identity", forthcoming, Journal of International Economics (in coll. with M. Thoening, T. Verdier).
«The Dog that Did not Bark: Insider Trading and Crashes», Journal of Finance, October 2008, vol. 63, n° 5 (in coll. with J. Marin).
"Financing Decisions of Firms and Central Bank Policy", Journal of International Money and Finance, December 2004 (in coll. with A. T. Goh).
"On the impact of leverage constraints on asset prices and trading volume", Spanish Economic Review, 2003, vol. 5, n° 2, pp. 123-132 (in coll. with J. M. Marín).
"Optimal Patent Protection in a Two Sector Economy", International Economic Review, November 2002, vol. 43, n° 4, pp. 1191-1214 (in coll. with A. T. Goh).
"Learning by Doing, Trade in Capital Goods and Growth", Journal of International Economics, March 2002, n° 56, pp. 411-444 (in coll. with A. T. Goh).
"Growth-enhancing Bubbles", International Economic Review, February 2000, vol. 41, n° 1, pp. 133-151.

Working papers :
«Time-Varying Incentives in the Mutual Fund Industry», Mimeo, 2009 (in coll. with A. Tay).
«Product-Based Cultural Change: Is the village global?», Mimeo, 2009 (in coll. with M. Thoenig, N. Maystre, T. Verdier).
«Globalization and the dynamics of cultural identity», Mimeo, 2007 (in coll. with M. Thoenig, T. Verdier).
«International Vertical Specialization, Imperfect Competition and Welfare», Cahier de Recherche du Groupe HEC, n° 791/2003 (in coll. with A.T. Goh).
«Free Trade and Protection of Intellectual Property Rights: Can we have one without the other ?», 2001 (in coll. with A.T. Goh).

MAIN COURSES TAUGHT AT HEC
Foundations of Finance,
Theory of Finance,
International Macroeconomics,
Topics in Macroeconomics

CURSUS
1996 Ph.D., Economics, University of Pennsylvania (USA)
1993 M.A., Economics, University of Pennsylvania (USA)
1991 ESSEC diploma (France)

SCIENTIFIC ACTIVITIES
Membership of scientific or professional organisation :
Member, American Finance Association.

Editorial Activities :
Referee: Review of Financial Studies, Review of Economic Dynamics, Finance, Annales d'Economie et de Statistique, Revue Economique de Louvain, American Economic Review, Econometrica, Journal of Political Economy, Management Science, Journal of Macroeconomics, B. E. Journals in Economic Analysis and Policy, The North American Journal of Economics and Finance, Review of Economic Studies, Journal of International Economics, International Economic Review.

Honor distinction :
Teaching Award Pierre Vernimmen - Paribas. 1998.
1996 Nominated for best Ph.D. Thesis Award, Department of Economics, University of Pennsylvania.