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Jean Edouard COLLIARD

Associate Professor

Finance

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Biography

Jean-Edouard Colliard is Associate Professor of Finance at HEC Paris, which he joined in 2014. He obtained a PhD in Economics in 2012 from the Paris School of Economics. Before joining HEC, Jean-Edouard worked for two years as an economist in the Research department of the European Central Bank.

His main research areas are the regulation of financial institutions and the microstructure of financial markets, including topics such as financial transactions taxes, over-the counter markets, bank capital requirements, or the European Banking Union. Jean-Edouard's research has been published in leading finance and managmeent journals such as the Journal of Finance, the Review of Financial Studies, the Review of Finance, and Management Science. He is an Associate Editor of the journal Management Science.

He teaches the courses "Financial Regulation" in the Majeure Finance and MSc in International Finance, "Banking Regulation" in the Executive MSc in Finance, "Introduction to Finance for Data Scientists" (with J. Hombert) in the MSc Data Science for Business, and "Algorithms, Data, and Trading" (with T. Foucault) in the MSc Data Science for Business and the MSc in International Finance.

Jean-Edouard is a member of the Finance Theory Group and a Research Affiliate of CEPR and SUERF. He received the "Best Young Researcher in Finance and Insurance" Award of IEF / Foundation SCOR 2022, the "Young Researcher in Economics" Award of Foundation Banque de France in 2017, the Eurofidai-BEDOFIH Data Award 2017, the "Young Researcher Award" 2015 of AMF (the French Securities Markets Authority),  and the 1st SUERF/Unicredit & Universities Foundation Research Prize 2013.

Scientific articles

Non-Standard Errors

Journal of Finance, June 2024, vol. 79, n° 3, pp 2339-2390, (in coll. with A. MENKVELD, A. DREBER, F. HOLZMEISTER, J. HUBER, M. JOHANNESSON, M. KIRCHLER, M. RAZEN, U. WEITZEL, T. DUEVSKI, T. FOUCAULT, H. LANGLOIS-BERTRAND, C. PERIGNON, I. ROSU, ET AL.)

Inventory Management, Dealers' Connections, and Prices in OTC Markets

Journal of Finance, October 2021, vol. 76, n° 5, pp 2199-2247, (in coll. with T. FOUCAULT, P. HOFFMANN)

Asset Dissemination through Dealer Markets

Management Science, October 2021, vol. 67, n° 10, pp 6211-6234, (in coll. with G. DEMANGE)

Optimal Supervisory Architecture and Financial Integration in a Banking Union

Review of Finance, February 2020, vol. 21, n° 1, pp 121-161,

Strategic Selection of Risk Models and Bank Capital Regulation

Management Science, June 2019, vol. 65, n° 6, pp 2591–2606,

Multinational Banks and Supranational Supervision

Review of Financial Studies, August 2019, vol. 32, n° 8, pp 2997-3035, (in coll. with Giacomo CALZOLARI, Gyongyi LORANTH)

Financial Transaction Taxes, Market Composition, and Liquidity

Journal of Finance, february, 3 2017, vol. 72, n° 6, pp 2685–2716, (in coll. with Peter HOFFMANN)

Where the Risks Lie: A Survey on Systemic Risk

Review of Finance, March 2017, vol. 21, n° 1, pp 109-152, (in coll. with S. BENOIT, C. HURLIN, C. PERIGNON)

Catching Falling Knives: Speculating on Liquidity Shocks

Management Science, August 2017, vol. 63, n° 8, pp 2573-2591,

Trading fees and efficiency in limit order markets

Review of Financial Studies, November 2012, vol. 25, n° 11, pp 3389-3421, (in coll. with T. FOUCAULT)

Books

Les prix Nobel d'économie

La Découverte (in coll. with E. TRAVERS )

Working papers

Algorithmic Pricing and Liquidity in Securities Markets

Cahier de Recherche du Groupe HEC , 2022

Non-Standard Errors

SSRN Electronic Journal , 2021

Measuring Regulatory Complexity

Cahier de Recherche du Groupe HEC , 2020

Asset Dissemination Through Dealer Markets

Cahier de Recherche du Groupe HEC , 2018

Financial Restructuring and Resolution of Banks

Cahier de Recherche du Groupe HEC , 2018

Multinational Banks and Supranational Supervision

Cahier de Recherche du Groupe HEC , 2016

Scientific articles

Non-Standard Errors

Journal of Finance, June 2024, vol. 79, n° 3, pp 2339-2390, (in coll. with A. MENKVELD, A. DREBER, F. HOLZMEISTER, J. HUBER, M. JOHANNESSON, M. KIRCHLER, M. RAZEN, U. WEITZEL, T. DUEVSKI, T. FOUCAULT, H. LANGLOIS-BERTRAND, C. PERIGNON, I. ROSU, ET AL.)

Asset Dissemination through Dealer Markets

Management Science, October 2021, vol. 67, n° 10, pp 6211-6234, (in coll. with G. DEMANGE)

Inventory Management, Dealers' Connections, and Prices in OTC Markets

Journal of Finance, October 2021, vol. 76, n° 5, pp 2199-2247, (in coll. with T. FOUCAULT, P. HOFFMANN)

Optimal Supervisory Architecture and Financial Integration in a Banking Union

Review of Finance, February 2020, vol. 21, n° 1, pp 121-161,

Books

Les prix Nobel d'économie

La Découverte (in coll. with E. TRAVERS )

Working papers

Algorithmic Pricing and Liquidity in Securities Markets

Cahier de Recherche du Groupe HEC , 2022

Non-Standard Errors

SSRN Electronic Journal , 2021

Measuring Regulatory Complexity

Cahier de Recherche du Groupe HEC , 2020

Asset Dissemination Through Dealer Markets

Cahier de Recherche du Groupe HEC , 2018

Education

  • Ph.D., École d'économie de Paris (Paris School of Economics) - France
  • French Bachelor, Mathematics, Université Paris VI Pierre et Marie Curie - France
  • Graduated, Ecole Normale Supérieure - France
  • Master, Analyse et Politique Economiques, École d'économie de Paris (Paris School of Economics) - France
  • License degree, Econometrics, Université Paris I Panthéon Sorbonne - France

Academic appointments

Academic Responsibilities at HEC

  • 2023-2024 Department Head, Finance HEC Paris
  • 2018- Associate Professor HEC Paris

Awards & honors

  • 2022 Best Young Researcher in Finance and Insurance 2022 IEF / SCOR Foundation for Science Award
  • 2021 2020 HEC Foundation Researcher Award
  • 2017 Eurofidai-BEDOFIH Data Award
  • 2017 2017 Young Researcher in Economics of Fondation Banque de France
  • 2015 Laureat 2015 du nouveau prix AMF du "jeune chercheur en economie"
  • 2013
  • 2013 Prize for best PhD dissertation on monetary, financial or banking economics