Research

Publications 

Serial CNMV publications and other external working papers related to areas of interest for the CNMV.

Recent CNMV working papers:

• "Measuring liquidity of Spanish debt" María Isabel Cambón Murcia, José Luis Cano Coello and Jesús González Redondo nº 66
• “Why is investors´ mutual fund market allocation far from the optimum”, Ricardo Laborda and Ramiro Losada nº 65
• “Speed and biases of Fourier-based pricing choices: Analysis of the Bates and Asymmetric Variance Gamma models”, Ricardo Crisóstomo nº 64
• “The Nature of Volatility Spillovers across the International Capital Markets”, Gustavo Peralta nº 63
• “Managerial ability, risk preferences and the incentives for active management”, Ramiro Losada López nº 62