News News from research and activities of the chair September 2022 27.09. The paper "Liquidity in the Global Foreign Exchange Market" (Ranaldo, A. and Santucci de Magistris, P.) has been published in the Journal of Financial Economics. 09.09. The article "Safe Asset Carry Trade" (Ballensiefen, B. and Ranaldo, A.) has been published in The Review of Asset Pricing Studies. August 2022 16.08. Prof. Dr. Angelo Ranaldo's article "The Russia-Ukraine conflict’s effects on the global financial system" has now gone live in The Banker and is featured on the front page of the site. Please see the article linked here. German version in FuW Unternehmen. June 2022 09.06. Prof. Dr. Angelo Ranaldo and further Professors of the University of St.Gallen (HSG) have joined the SFI faculty. March 2022 Published EU Research FX Trading Volume and Illiquidity Recently, Prof Ranaldo was interviewed by EU Research. In the article "Liquidity: The Bloodflow of Financial Markets" you can learn more about his research interests and recent academic work, including why Prof Ranaldo considers it critical to study liquidity in conjunction with asset pricing. See the full article here (pages 38-41) or PDF.