Thierry Foucault

Professor of Finance, HEC; CEPR Research Fellow

Thierry Foucault is Professor of Finance at HEC, Paris and a Research Fellow of the Centre for Economic Policy (CEPR). His research focuses on the liquidity of financial markets, the industrial organisation of these markets, and their effect on the real economy. It has been published in journals such as the Journal of Finance, Review of Financial Studies, Journal of Financial Economics, Rand Journal of Economics, or Management Science.

He has received various research awards including prizes from the Europlace Institute of Finance, the HEC Foundation, and the Analysis Group. He currently serves on the scientific committees of the Autorité des Marchés Financiers (AMF), the Research Foundation of the Banque de France, and has been a member the executive committee of the European Finance Association (EFA) and the scientific committee of the ESMA.

He served as Co-editor of the Review of Finance from 2009 to 2013 and is currently an Associate Editor of the Journal of Finance, the Journal of Economic Theory, and the Review of Financial Studies. He is co-author of Market Liquidity: Theory, Evidence, and Policy, a textbook on the determinants of market liquidity published by Oxford University Press in 2013.

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