Francis Breedon

Professor

Room number: W303
Tel: +44 20 7882 8845
Fax: +44 20 8983 3580
Email: f.breedon@qmul.ac.uk
Website: http://webspace.qmul.ac.uk/fbreedon/
Office hours: Monday 15:30-16.30

Research keywords: Foreign exchange and bond markets particularly in the area of market microstructure

Francis works mainly on foreign exchange markets with a focus on FX microstructure which aims the understand exchange rate movements by analysing actual trading activity. Most recently he has studied how differences in beliefs amongst market participants influences returns and volatility. His research also extends to the interaction between monetary and exchange rate policy and financial markets, including recent work on foreign exchange policy in Iceland.

Selected publications

• Intraday Patterns in FX returns and Order Flow
  Breedon F, Ranaldo A. JOURNAL OF MONEY CREDIT & BANKING (forthcoming)
• A Variance Decomposition of index-linked bond returns
  Breedon F, ECONOMICS LETTERS 116(1): 49-51 July 2012
• Exchange rate policy in Small Rich Economies
  Breedon F, Petursson T, Rose A. OPEN ECONOMIES REVIEW (forthcoming)
• Differences in beliefs and currency risk premiums
  Beber A, Breedon F, Buraschi A JOURNAL OF FINANCIAL ECONOMICS 98(3):415-438 Dec 2010
• An empirical study of portfolio-balance and information effects of order flow on exchange rates
  Breedon F, Vitale P JOURNAL OF INTERNATIONAL MONEY & FINANCE 29(3):504-524 Apr 2010