Fabrice Rousseau
Department of Economics, Finance and Accounting
National University of Ireland, Maynooth
Maynooth
County Kildare
Ireland
Office Phone: +1-7084568
Email: Fabrice.Rousseau@nuim.ie
Website: http://economics.nuim.ie/staff/rousseau/index.shtml

ACADEMIC APPOINTMENTS

Since 1998 National University of Ireland, Maynooth
College Lecturer

Since 2005 Toulouse Business School, Toulouse
Faculty Research Fellow

2006 – 2007 Arizona State University, W.P. Carey Business School
Visiting Scholar

EDUCATION

• 1995 – 1998 International Doctorate in Economic Analysis, Universitat Autónoma de Barcelona (Spain), Ph.D. in Finance, 1999
• 1993 – 1995 International Doctorate in Economic Analysis, Universitat Autónoma de Barcelona (Spain), M.A., 1999
• 1988 – 1992 University of Toulouse (France), Maîtrise (M.A. equivalent) in Econometrics and Mathematical Economics

RESEARCH INTERESTS

Market Microstructure, Behavioural Finance, IPO, Insurance Markets

PUBLISHED ARTICLES

• “Explaining Stock Market Correlation: A Gravity Model Approach” (with Flavin, T. and M. Hurley) Manchester School, 2002, 70.

CHAPTERS IN BOOK

•  “Strategic Financial Intermdiaries with Brokerage Activities” (with Germain, L. and A. Vanhems) Handbook of Trading, 2010, chapter 26, 389-402, ed. G. Gregoriou, Mc Graw-Hill USA.

WORKING PAPERS

1. “Signalling with Debt Maturity Choice” Maynooth Working Paper N97/11/99.

2. “Bluffing: An Equilibrium Strategy” Maynooth Working Paper N98/11/99.

3. “Competitive versus Monopolistic Market Making” (with Laurent Germain), ESC Working Papers.

4. “Strategic Market Making and Risk Sharing” (with Laurent Germain and Herve Boco), Revised June 2006.

5. “Irrational Financial Markets” (with Laurent Germain and Anne Vanhems), Revised October 2008.

6. “Optimal IPO Design with Strategic Traders” (with Sarah Parlane), UCD Working Papers, 2007.

SUBMITTED ARTICLES TO REFEREED JOURNALS

1. “Irrational Financial Markets” (with Laurent Germain and Anne Vanhems).

2. “Optimal IPO Design with Aftermarket Trading” (with Sarah Parlane).

CURRENT PROJECTS

1. “Positive Feedback and Optimism” (with Laurent Germain and Herve Boco).

2. “Optimal IPO Design” (with Sarah Parlane).

INVITED TALKS AND CONFERENCE PRESENTATIONS

• 2010 MFA (Las vegas)
• 2009 MFA (Chicago), Department of Economics (Vigo, Spain), Smurfit Business School (UCD)
• 2008 University College Dublin, NUI Maynooth, ESEM (Milan)
• 2007 82nd Western Economic Association, Arizona State University
• 2006 Symposium in Behavioural Finance (Durham)
• 2005 International Conference on Finance (Copenhagen), Global Finance Conference (Dublin), IIIS Conference (Dublin), 3rd International Finance Conference (Hammamet), 8th Toulouse Workshop (Toulouse), NUI Maynooth
• 2004 AFFI
• 2003 Irish Economic Association
• 2002 6th Toulouse Workshop (Toulouse), NUI Maynooth
• 1999 ASSET Meeting (Tel-Aviv), Irish Economic Association
• 1998 Queen’s University of Belfast, UCD

PROFESSIONAL SERVICE

• 2007 External Examiner National College of Ireland

GRANTS AND SCHOLARSHIPS

1. Member of the Maynooth Finance Research Group affiliated to the Institute of International Integration Studies (IIIS), based at Trinity College Dublin, and is funded under Cycle 3 of the Programme for Research in Third Level Institutions, which is part of Ireland's National Development Plan.
2. Human Capital and Mobility fellowship to attend the International Doctorate in Economic Analysis Program.
3. Research Enhancement grant (€2,500).

TEACHING EXPERIENCE

• Fundamentals of Financial Economics (MA core)
• Quantitative Methods (MA)
• Market Microstructure (MA)
• Regulation of Financial Markets (M.Econ Sc)
• International Financial Markets and Institutions (BA)
• Advanced Quantitative Methods (BA)
• Corporate Finance (2nd Year)
• Quantitative Methods (2nd Year)

OTHER EXPERIENCE

1992 – 1993 Military service, France

Last updated September 2011.

FN607: Financial Economics

The first part of the course reviews the microeconomic foundations of financial economics. The second part covers the Modern Portfolio Theory. The third part of the course looks at the Asset Pricing Models including the Capital Asset Pricing Model (CAPM), Arbitrage Pricing Theory (APT) and finally Arrow-Debreu Pricing.

FN310: International Financial Markets & Institutions

The course focuses on international financial markets. The first part of that course concentrates on international bond markets with an emphasis on bond valuation, bond’s price volatility and bond returns. The second part looks at the organization of financial markets. The different types of orders submitted in these markets and the different mechanisms used to execute them are studied. A careful analysis of the Bid-Ask spread is done, as it is a necessary step to understand the functioning of markets.

FN206: Principles of Corporate Finance

This introductory course examines the financial decision making of firms; the different possible ways in which they can finance their activities; how they decide the appropriate capital structure; how they choose between issuing dividends and retaining profits. A brief introduction to the nature and uses of derivative securities is also given and issues in international finance are discussed.

FN212:

The finding and analysis of financial data Application of corporate finance project valuations, cost of capital models, standard portfolio theory & option pricing