Photo of Lubomir Petrasek

Lubomir Petrasek

Education

  • Ph.D., Finance, Pennsylvania State University, 2011
  • M.S., Economics, Prague School of Economics, 2004
  • M.A., Political Science, Charles University in Prague, 2004
Current Research Topics
  • Institutional investors, dealers, hedge funds
  • Fixed income securities
  • Section Chief

    Board of Governors of the Federal Reserve System

    2020 - present
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2016 - 2020
  • Visiting Lecturer

    University of Maryland

    2017 - 2020
  • Economist, Senior Economist

    Board of Governors of the Federal Reserve System

    2011 - 2016
  • Lecturer

    Pennsylvania State University

    2010
  • Sizing hedge funds' Treasury market activities and holdings
    Ayelen Banegas, Phillip J. Monin, and Lubomir Petrasek
    FEDS Notes (2021)
    https://doi.org/10.17016/2380-7172.2979
  • Asset Mispricing
    Kurt F. Lewis, Francis A. Longstaff, and Lubomir Petrasek
    Journal of Financial Economics (2021)
    https://doi.org/10.1016/j.jfineco.2020.05.011
  • Hedge Fund Treasury Trading and Funding Fragility: Evidence from the COVID-19 Crisis
    Mathias S. Kruttli, Phillip J. Monin, Lubomir Petrasek, and Sumudu W. Watugala
    Finance and Economics Discussion Series (2021)
    https://doi.org/10.17016/FEDS.2021.038
  • Style and Skill: Hedge Funds, Mutual Funds, and Momentum
    Mark Grinblatt, Gergana Jostova, Lubomir Petrasek, and Alexander Philipov
    Management Science (2020)
    https://doi.org/10.1287/mnsc.2019.3433
  • Hedge Fund Holdings and Stock Market Efficiency
    Charles Cao, Bing Liang, Andrew W. Lo, and Lubomir Petrasek
    Review of Asset Pricing Studies (2018)
    https://doi.org/10.1093/rapstu/rax015
    See also » FRB Working Paper (2014)
  • What Is the Nature of Hedge Fund Manager Skills? Evidence from the Risk Arbitrage Strategy
    Charles Cao, Bradley A. Goldie, Bing Liang, and Lubomir Petrasek
    Journal of Financial and Quantitative Analysis (2016)
    https://doi.org/10.1017/S0022109016000387
  • The Effects of FOMC Communications before Policy Tightening in 1994 and 2004
    Ellen E. Meade, Yoshio Nozawa, Lubomir Petrasek, and Joyce K. Zickler
    FEDS Notes (2015)
    https://doi.org/10.17016/2380-7172.1559
  • Liquidity Risk and Institutional Ownership
    Charles Cao and Lubomir Petrasek
    Journal of Financial Markets (2014)
    https://doi.org/10.1016/j.finmar.2014.05.001
  • Liquidity Risk in Stock Returns: An Event-Study Perspective
    Charles Cao and Lubomir Petrasek
    Journal of Banking & Finance (2014)
    https://doi.org/10.1016/j.jbankfin.2013.09.020
  • Do Transparent Firms Pay Out More Cash to Shareholders? Evidence from International Cross-Listings
    Lubomir Petrasek
    Financial Management (2012)
    https://doi.org/10.1111/j.1755-053X.2012.01192.x
  • Liquidity Risk and Hedge Fund Ownership
    Charles Cao and Lubomir Petrasek
    Finance and Economics Discussion Series (2012)
    https://doi.org/10.17016/FEDS.2011.49
  • Multimarket trading and corporate bond liquidity
    Lubomir Petrasek
    Journal of Banking & Finance (2012)
    https://doi.org/10.1016/j.jbankfin.2012.03.015
  • Multimarket Trading and the Cost of Debt: Evidence from Global Bonds
    Lubomir Petrasek
    Working paper series (European Central Bank) (2010)
  • conference

    2021

    Fixed Income and Financial Institution Conference, Paris Hedge Fund Conference, Texas Finance Festival

    Hedge Fund Treasury Trading and Funding Fragility

  • conference

    2020

    AFA

    Corporate Bond Illiquidity: Evidence from Government Guarantees

  • conference

    2019

    EFA, SFS Cavalcade

    Corporate Bond Illiquidity: Evidence from Government Guarantees

  • conference

    2018

    AFA

    Asset Mispricing

  • conference

    2016

    EFA, NYC Hedge Fund Research Symposium

    Hedge Funds, Mutual Funds, and Momentum

  • seminar

    2015

    AFA, North Carolina State University

    Hedge Fund Holdings and Stock Market Efficiency

  • conference

    2013

    NFA, Paris Financial Management Conference

    Risk Arbitrage and the Information Content of Hedge Fund Trading

  • conference

    2012

    Fordham/JBF Conference on Liquidity

    Liquidity Risk in Stock Returns during the Financial Crisis of 2007-2009

  • conference

    2012

    FSU Finance Conference, NFA

    Liquidity Risk and Hedge Fund Ownership

  • seminar

    2011

    University of Toronto, McGill University, ECB

    Institutional Investors and Liquidity Risk

  • seminar

    2011

    University of Amsterdam, University of Rotterdam, University of New South Wales

    Institutional Investors and Liquidity Risk

  • conference

    2010

    NFA, FMA

    Multimarket Trading and Corporate Bond Liquidity

  • conference

    2008

    FMA

    Do Transparent Firms Pay Out More Cash to Shareholders?

Awards
  • 2010

    Pennsylvania State University

    Schreyer Graduate Fellowship

  • 2009

    European Central Bank

    Lamfalussy Research Fellowship

  • 2013

    Northern Finance Association and CFA Society Toronto

    Award for the Best Paper on Capital Markets

  • 2018

    AQR

    Insight Award, Honorable Mention

Conference Organization
  • 2014, 2015

    Paris Financial Management Conference

    Scientific Committee Member

Referee
  • Journal of Financial and Quantitative Analysis
  • Journal of Financial Markets
  • Journal of Banking and Finance
  • Review of Asset Pricing Studies
  • Journal of Empirical Finance
Professional Affiliation
  • American Finance Association
  • Financial Management Association
  • CFA Institute
Last update: February 22, 2022