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ORCID: 0000-0002-8756-0232
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Scopus AuthorID: 14027926700
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Alexei Boulatov

  • Tenured Professor (2014)
  • VTB Endowed Chair of Finance
  • Alexei Boulatov has been at HSE University since 2011.

Education and Degrees

  • 2004

    PhD in Finance
    University of California, Berkeley

  • 1996
    PhD in Condensed Matter Physics
  • 1986

    Moscow Power Engineering Institute

Awards and Accomplishments

Best Teacher – 2021, 2014

Services and other activities

Chair of ICEF Research Council

Member of ICEF IAC 


Courses (2023/2024)

Courses (2022/2023)

Courses (2021/2022)

Courses (2020/2021)

Courses (2019/2020)

Courses (2018/2019)

Participation in conferences

Optimal auction with financially constrained bidders, Paris School of Economics, joint with S. Severinov

Optimal execution with multiple agents, University of Glasgow (invited talk), joint with D. Berhardt, and Ivan Larionov

Optimal execution with multiple agents, ICEF brown bag research seminarjoint with D. Berhardt, and Ivan Larionov

Optimal Double auction with multiple sellers, ICEF research seminar, joint with T. Hendershott and D. Livdan

Optimal Double auction with multiple sellers, SAET 2015 -- July 2015, joint with T. Hendershott and D. Livdan

High frequency trading and market liquidity, SAET 2015, joint with B. Taub

Optimal auction with financially constrained bidders, SAET 2015, joint with S. Severinov

SAET, Paris, 2013 (Invited talk)

WFA Meeting, 2012

SAET, Portugal, 2011 (Guest speaker)

NBER Insurance Group Meeting, 2010

NBER Microstructure Group Meeting, 2009

Rutgers University, 2009 (Guest speaker)

MSCI BARRA, 2009 (Guest speaker)

American Finance Association Winter Meeting, 2008

ESFM Meeting, Summer 2006

SED Meeting, Summer 2006

NBER Insurance Group Meeting, 2003

American Finance Association Winter Meeting, 2002

Econometric Society Summer Meeting, 2001

NBER Microstructure Group Meeting, 2001


Employment history

Finance Department, Bauer College of Business, University of Houston

FINA 4366, 4320, Investment Management, (three sections) – Undergraduate Program 

FINA 8397, Continuous Time Finance – Ph.D. Program 

Finance Department, Haas School of Business, UC Berkeley, 

Teaching Assistant, Introduction to Financial Management – Undergraduate Program 

Physics Department, City College, The City University of New York 

Numerical Methods for Engineers Physics for Engineering and Computer Science Majors


•  Advanced Topics in Finance - Master's level, International College of Economics and Finance; Financial Economics Programme; 2nd year; second semester

Timetable for today

Full timetable

ICEF MSc Students Passed Thesis Defense

Of the 18 students who presented their thesis studies, 3 received the maximum score (10) and 7 excellent scores (8 and 9). This year’s class’s theses deal with topics as diverse as cryptocurrency markets, pension schemes, gender impact on financial transactions, and even climate trade and carbon futures pricing.

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.

'I was lucky enough to discover my vocation thanks to the fellowship of ICEF graduates'

Arturs Meskovskis enrolled in ICEF Master’s Programme in 2013 after earning his bachelor’s degree from the Stockholm School of Economics (Riga). Currently a quantitative analyst on XVA team at MUFG Office in London, Arturs shares how to find a perfect master’s program at the confluence of STEM and finance, how learners can benefit from ICEF’s family-like community, what quants typically work with, and where a financial industry expert can learn data science.How I developed a passion for economics

ICEF Students Praised by Experts for Their Research Endeavors

A springboard to careers in academia for many promising contestants, this year’s Student Research Paper Competition has announced as many as 13 winners – students and graduates of ICEF.

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.

We Forecast a Severe Global Recession

ICEF held a round table on Global Economy Challenges in 2020. Mr Thanassis Gontikas, Senior Vice-President of Edmond de Rothschild Bank (EdR) in Switzerland, was invited as a speaker.

Lecture by A. Bulatov on "Optimal Mechanism with Asymmetrically Budget Constrained Buyers"

On Wednesday, November 20 the all-Russian seminar "Mathematical methods of decision analysis in economics, finance and politics" was held. A. Bulatov gave a lecture on "Optimal Mechanism with Asymmetrically Budget Constrained Buyers".

It’s Only the Beginning for the ICEF Graduates of 2018

On September 13, 230 graduates of ICEF-UoL Bachelor’s and Master’s programmes received their diplomas. The history of HSE's collaboration with the London School of Economics of the University of London spans more than 20 years and demonstrates the integral role that international cooperation between universities plays in academic, research, and cultural development. The graduates of 2018 are sure to continue this tradition.

'HSE ICEF Has a Diverse Team of Enthusiastic People'

As described by one of the original ICEF team members, Oleg Zamkov, ICEF Deputy Director and Academic Head of HSE and University of London Double Degree Programme in Economics, the success of ICEF was in choosing the right moment for the start and finding the right people, both academics and administrators. It would also be unimaginable without the advice and support from London School of Economics and Political Science (LSE), especially Richard Layard, who helped design several key elements of the curriculum for double degree programme, Richard Jackmanand Amos Witztum who made a significant contribution to ICEF idea implementation.

People of ICEF

Today, ICEF is proud to be academic home to over 20 international researchers with PhD degrees in economics, finance and social sciences, representing different countries and continents: Russia, Germany, France, Italy, Greece, Ukraine, Argentina, Australia, and India. ICEF faculty members share their stories of joining the team for The HSE Look readers.

VTB24 Establishes Chair at HSE

Following a long history of cooperation between HSE and VTB24 bank, a programme has been launched to fund financial research through a university endowment. This entails the establishment of a VTB Chair position as the logical outcome of this programme.

‘Our Programme Keeps Developing!’

Maxim Nikitin, HSE Professor and Academic Supervisor of the ICEF Masters Programme in Financial Economics, tells us about the programme’s achievements and innovations, about its intake procedure in 2015, and about the 2014 and 2015 graduates.

12 HSE Professors Awarded Tenure

On September 26 twelve HSE faculty members were promoted to Tenured Professors.