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Address: 11 Pokrovsky Bulvar, Pokrovka Complex, room S715
ORCID: 0000-0002-4358-2915
ResearcherID: N-9221-2016
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S. Yakovlev
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Vincent Fardeau

  • Vincent Fardeau has been at HSE University since 2016.

Education and Degrees

  • 2012

    PhD in Finance
    London School of Economics and Political Science

  • 2006

    Master's in Analysis and Economic Policy
    Paris School of Economics

2005 - MSc in Management: HEC, Paris

2005 - MA in Philosophy: Universite Paris IV Pantheon-Sorbonne

Courses (2023/2024)

Courses (2022/2023)

Courses (2021/2022)

Courses (2020/2021)

Courses (2019/2020)


Presentations and discussions at conferences and universities

I. Presentations

2021: American Finance Association meetings, European Meetings of Econometric Society, European Finance Association

2020: European Winter Finance Conference (France), 12th World Congress of the Econometric Society, Bocconi University (Italy), 18th Paris December Finance Meetings (France)

2019: University of Zurich 

2018: New Economic School, ICEF brownbag and LFE workshop (x2)

2017: VIth Moscow Finance Conference, ICEF brownbag

2016: EFA Oslo, Higher School of Economics, Namur, French Finance Association Leuven, Belgian Financial Research Forum

2015: EEA Mannheim1

2014: Barcelona GSE Summer Forum, Belgrade Young Economist Conference, ESSFM Gerzensee (evening session)

2013: American Finance Association (San Diego), University of Naples Federico II, HEC Lausanne, Frankfurt School of Finance and Management, Institute for Advanced Studies Vienna, EIEF

2012: Federal Reserve Board Finance Forum, University of Zurich, Econometric Society European Meetings, European Economic Association.

2011: Bank of England, University of Vienna, Royal Economic Society, ECB, Federal Reserve Board, University of Melbourne, University of New South Wales, XIX Finance Forum.

2010: LSE-INSEAD PhD workshop, LSE PhD seminar, LSE nance brownbag, Spanish Economic Association.

II. Discussions

– “A Welfare Analysis of Segmented Liquidity Markets” by A. Guembel and O. Sussman, VIth Moscow Finance Conference (2018)

– “Liquidity Provision in Government Bond Markets” by G. Willershausen and H. P. Burghof French Finance Association, Leuven (2016)

– “High-Frequency Trading and Market Quality” by A. Boulatov, T. George and B. Taub, Vth Moscow Finance Conference (2016)

- Liquidity and Dealer Activity in the UK Gilt Market during the Financial Crisis", by E. Benos and F. Zikes, Second International Conference on Sovereign Bond Markets, ECB, Frankfurt (2015)

- High-Frequency Trading: Taking Advantage of Speed", by M. Saglam and Y. Ait-Sahalia, 10th Annual Central Bank Microstructure Workshop, Rome (2014)

- Limits to Arbitrage in Sovereign Bonds" by L. Pelizzon, M. Subrahmanyam, D. Tomio and J. Uno, 3rd Financial Research Workshop at JGU Mainz (2014)

- Belief-Free Price Formation", by S. Lovo, J. Hoerner and T. Tomala, European Finance Association meetings (2012)

- Are CDS Auctions Biased?", by S. Du and H. Zhu, ECB-Bank of England Workshop Asset Pricing in the Aftermath of the Crisis" (2011)

- Liquidity Shocks, Rollover Risk and Debt Maturity", by A. Segura and J. Suarez, XIX Finance Forum (2011)


  1. Fardeau Vincent. Sequential Entry in Illiquid Markets. WP9/2022/03. – Moscow: HSE Publishing House, 2022. – 93 p. 
  2. Fardeau Vincent. Strategic Trading around Anticipated Supply/Demand Shocks. WP9/2022/02. – Moscow: HSE Publishing House, 2022. – 128 p. 
  3. Fardeau Vincent. Arbitrage with Financial Constraints and Market Power. WP9/2022/01. – Moscow: HSE Publishing House, 2022. – 86 p. 

Employment history

- National Research University Higher School of Economics 2016-present
Assistant Professor - International College of Economics and Finance

- Frankfurt School of Finance and Management 2013-2016
Assistant Professor - Department of Finance

- Federal Reserve Board 2011-2013
Economist - Risk Analysis - Division of Research and Statistics

Timetable for today

Full timetable

ICEF Bachelor’s Degree Graduates Have Successfully Defended Their Theses

Of the 180 undergraduates who defended their theses in 2022, six obtained the maximum score of 10. Here’s what the top achievers think had led to successful thesis defense, how they prepared it, and what they are planning to do next.

'The Beauty of Academia Is That It’s an Incredibly Democratic Institution'

The 10th Anniversary International Moscow Finance Conference organized by the ICEF Laboratory of Financial Economics, was held online in October 2021. At the end of the conference, Vladimir Sokolov, Head of the Laboratory and Associate Professor at ICEF, talked with Christian Juilliard, Research coordinator of the Laboratory and professor at LSE. In an interview Christian shared his impressions of LSE-ICEF cooperation, about digital fatigue and the interest in cryptocurrencies as an area of research.

‘We Can Now Say That the Finance Conference Is Global’

The 10th International Moscow Finance Conference, organized by HSE ICEF, took place on October 29–30 online. Vladimir Sokolov, Head of the International Laboratory of Financial Economics, which hosted the conference, talks about the participants, the key presentation topics and how they will impact the global economy.

'Financial Economics Conference Could Now Go Global'

October 29-30 will witness the 10th Jubilee International Moscow Finance Conference take place online, organized by the HSE ICEF and hosted by its Laboratory of Financial Economics (LFE). Vladimir Sokolov, Head of LFE, gave a brief presentation of the conference participants and keynote speakers and how their findings can affect the global economy.

'Your interest in the topic is a key contributor to successful thesis defense'

As last year, master's thesis defenses have been moved online at ICEF. Defending their papers were thirty-six majors in Financial Economics. The thesis by Varvara Ushakova, titled The Impact of Economic Incentives on Dishonesty, earned special mention of the board as unique among its kind in HSE’s history of thesis defenses. We asked the graduates how they chose their topics, what they learned from their research supervisors at ICEF, and where they see themselves applying their knowledge.

Research Only: How Academic Tourism Went Online and Why Scholars Like It

On October 23 – 24, 2020, the IX International Moscow Finance Conference will take place. The event has been organized jointly by ICEF and the London School of Economics. This year, the list of participants includes the editors of the two biggest journals in economics. Alexei Boulatov , Tenured Professor of HSE University, spoke about how the online format influenced the quality of academic events, what has changed in academic life over the last few months, and the topics that interest researchers today.

Pure science: How academic tourism moved online to researchers’ satisfaction

On October 23-24, the International Moscow Finance Conference will open its doors for the ninth time, organized by ICEF in cooperation with the London School of Economics. This year’s speakers include editors of two major economic journals. We talked to Alexei Boulatov, ICEF Full Professor to find out how the quality of scientific events has been influenced by online format, how academic life has changed over the recent months and what themes the research community pursues these days.

ICEF Master’s Programme: Financial Experts Today

On November 13, 2016, the Master’s Programme in Financial Economics will hold an Open House. Maksim Nikitin, Academic Supervisor of the programme, spoke to the HSE News Service about who contemporary financial experts are and where ICEF Master’s graduates find jobs today.