Prof. Dr. Angelo Ranaldo

Barbon, A., & Ranaldo, A. (2026). On the Quality of Cryptocurrency Markets: Centralized vs. Decentralized Exchanges [Journal-article]. Management Science. https://doi.org/10.1287/mnsc.2024.07703

Huang, W., Ranaldo, A., Schrimpf, A., & Somogyi, F. (2025). Constrained liquidity provision in currency markets. Journal of Financial Economics, 167. https://doi.org/10.1016/j.jfineco.2025.104028

Menkveld, A. J., Dreber, A., Holzmeister, F., Huber, J., Johannesson, M., Kirchler, M., Neusüß, S., Razen, M., Weitzel, U., Abad-Díaz, D., Abudy, M., Adrian, T., Ait-Sahalia, Y., Akmansoy, O., Alcock, J. T., Alexeev, V., Aloosh, A., Amato, L., Amaya, D., et al. (2024). Nonstandard Errors. Journal of Finance, 79(3), 2339–2390. https://doi.org/10.1111/jofi.13337

Ballensiefen, B., Ranaldo, A., & Winterberg, H. (2023). Money Market Disconnect. Review of Financial Studies, 36(10), 4158–4189. https://doi.org/10.1093/rfs/hhad022

Angelo Ranaldo. (2023). Bank positions in FX swaps: insights from CLS. BIS Quarterly Review.

Ballensiefen, Benedikt, & Ranaldo, Angelo. (2023). Safe asset carry trade. Review of Asset Pricing Studies, 13, 223–265. https://doi.org/10.1093/rapstu/raac015

Bechtel, Alexander, Ranaldo, Angelo, & Wrampelmeyer, Jan. (2023). Liquidity Risk and Funding Cost. Review of Finance, 27(2), 399–422. https://doi.org/10.1093/rof/rfac020

Barbon, Andrea, & Ranaldo, Angelo. (2023). Non-Fungible Tokens. In Palgrave Studies in Financial Services Technology (pp. 139–163). Springer International Publishing. https://doi.org/10.1007/978-3-031-23069-1_6

Breedon, Francis, Chen, Louisa, Ranaldo, Angelo, & Vause, Nicholas. (2023). Judgment day: Algorithmic trading around the Swiss franc cap removal. Journal of International Economics, 140. https://doi.org/10.1016/j.jinteco.2022.103713

Ranaldo, Angelo. (2023). Foreign exchange swaps and cross-currency swaps. In Research Handbook of Financial Markets (pp. 451–469). Edward Elgar Publishing Ltd. https://doi.org/10.4337/9781800375321.00030

Ranaldo, Angelo, & de Magistris, Paolo Santucci. (2022). Liquidity in the global currency market. Journal of Financial Economics, 146(3), 859–883. https://doi.org/10.1016/j.jfineco.2022.09.004

Angelo Ranaldo. (2022). Constrained Liquidity Provision in Currency Markets. Journal of Financial Economics.

Di Filippo, Mario, Ranaldo, Angelo, & Wrampelmeyer, Jan. (2022). Unsecured and Secured Funding. Journal of Money, Credit and Banking, 54(2-3), 651–662. https://doi.org/10.1111/jmcb.12855

Ranaldo, Angelo, Schaffner, Patrick, & Vasios, Michalis. (2021). Regulatory effects on short-term interest rates. Journal of Financial Economics, 141(2), 750–770. https://doi.org/10.1016/j.jfineco.2021.04.016

Ranaldo, Angelo, & Somogyi, Fabricius. (2021). Asymmetric information risk in FX markets. Journal of Financial Economics, 140(2), 391–411. https://doi.org/10.1016/j.jfineco.2020.12.007

Cenedese, Gino, Ranaldo, Angelo, & Vasios, Michalis. (2020). OTC premia. Journal of Financial Economics, 136(1), 86–105. https://doi.org/10.1016/j.jfineco.2019.09.010

Angelo Ranaldo. (2019). Euro repo market functioning: collateral is king. BIS Quarterly Review.

Abdi, Farshid, & Ranaldo, Angelo. (2017). A simple estimation of bid-Ask spreads from daily close, high, and low prices. Review of Financial Studies, 30(12), 4437–4480. https://doi.org/10.1093/rfs/hhx084

Angelo Ranaldo. (2016). Uniform-price auctions for Swiss government bonds: Origin and evolution. SNB Economic Studies.

Mancini, Loriano, Ranaldo, Angelo, & Wrampelmeyer, Jan. (2016). The euro interbank repo market. Review of Financial Studies, 29(7), 1747–1779. https://doi.org/10.1093/rfs/hhv056

Karnaukh, Nina, Ranaldo, Angelo, & Söderlind, Paul. (2015). Understanding FX Liquidity. Review of Financial Studies, 28(11), 3073–3108. https://doi.org/10.1093/rfs/hhv029

Caporin, Massimiliano, Ranaldo, Angelo, & Velo, Gabriel G. (2015). Precious metals under the microscope: a high-frequency analysis. Quantitative Finance, 15(5), 743–759. https://doi.org/10.1080/14697688.2014.947313

Caporin, Massimiliano, Ranaldo, Angelo, & Santucci de Magistris, Paolo. (2013). On the predictability of stock prices: A case for high and low prices. Journal of Banking and Finance, 37(12), 5132–5146. https://doi.org/10.1016/j.jbankfin.2013.05.024

Mancini, Loriano, Ranaldo, Angelo, & Wrampelmeyer, Jan. (2013). Liquidity in the foreign exchange market: Measurement, commonality, and risk premiums. Journal of Finance, 68(5), 1805–1841. https://doi.org/10.1111/jofi.12053

Breedon, Francis, & Ranaldo, Angelo. (2013). Intraday patterns in FX returns and order flow. Journal of Money, Credit and Banking, 45(5), 953–965. https://doi.org/10.1111/jmcb.12032

Bonato, Matteo, Caporin, Massimiliano, & Ranaldo, Angelo. (2013). Risk spillovers in international equity portfolios. Journal of Empirical Finance, 24, 121–137. https://doi.org/10.1016/j.jempfin.2013.09.005

Bonato, M., Caporin, M., & Ranaldo, A. (2012). A forecast-based comparison of restricted Wishart autoregressive models for realized covariance matrices. European Journal of Finance, 18(9), 761–774. https://doi.org/10.1080/1351847x.2011.601629

Meichle, Mario, Ranaldo, Angelo, & Zanetti, Attilio. (2011). Do financial variables help predict the state of the business cycle in small open economies? Evidence from Switzerland. Financial Markets and Portfolio Management, 25(4), 435–453. https://doi.org/10.1007/s11408-011-0173-y

Fischer, Andreas M., & Ranaldo, Angelo. (2011). Does FOMC news increase global FX trading? Journal of Banking and Finance, 35(11), 2965–2973. https://doi.org/10.1016/j.jbankfin.2011.03.024

Christiansen, Charlotte, Ranaldo, Angelo, & Söderlind, Paul. (2011). The time-varying systematic risk of carry trade strategies. Journal of Financial and Quantitative Analysis, 46(4), 1107–1125. https://doi.org/10.1017/s0022109011000263

Ranaldo, Angelo, & Söderlind, Paul. (2010). Safe haven currencies. Review of Finance, 14(3), 385–407. https://doi.org/10.1093/rof/rfq007

Ranaldo, Angelo, & Rossi, Enzo. (2010). The reaction of asset markets to Swiss National Bank communication. Journal of International Money and Finance, 29(3), 486–503. https://doi.org/10.1016/j.jimonfin.2009.07.004

Ranaldo, Angelo. (2009). Segmentation and time-of-day patterns in foreign exchange markets. Journal of Banking and Finance, 33(12), 2199–2206. https://doi.org/10.1016/j.jbankfin.2009.05.019

Christiansen, Charlotte, & Ranaldo, Angelo. (2009). Extreme coexceedances in new EU member states’ stock markets. Journal of Banking and Finance, 33(6), 1048–1057. https://doi.org/10.1016/j.jbankfin.2008.10.014

Jordan, Thomas, Ranaldo, Angelo, & Söderlind, Paul. (2009). The implementation of SNB monetary policy. Financial Markets and Portfolio Management, 23(4), 349–359. https://doi.org/10.1007/s11408-009-0118-x

Ranaldo, A., & Söderlind, P. (2009). Editorial. Financial Markets and Portfolio Management, 23(4), 333–334. https://doi.org/10.1007/s11408-009-0117-y

Angelo Ranaldo. (2008). Intraday Market Dynamics around Public Information Arrivals. In Stock Market Liquidity: Implications for Market Microstructure & Asset Pricing.

Ranaldo, A., & Häberle, R. (2008). Wolf in sheep’s clothing: The active investment strategies behind index performance. European Financial Management, 14(1), 55–81. https://doi.org/10.1111/j.1468-036x.2007.00363.x

Christiansen, Charlotte, & Ranaldo, Angelo. (2007). Realized bond-stock correlation: Macroeconomic announcement effects. Journal of Futures Markets, 27(5), 439–469. https://doi.org/10.1002/fut.20258

Ranaldo, A., & Favre, L. (2005). Hedge Fund Performance and Higher-Moment Market Models [Journal-article]. The Journal of Alternative Investments, 8(3), 37–51. https://doi.org/10.3905/jai.2005.608031

Ranaldo, Angelo. (2004). Order aggressiveness in limit order book markets. Journal of Financial Markets, 7(1), 53–74. https://doi.org/10.1016/s1386-4181(02)00069-1

Ranaldo, Angelo. (2002). Transaction costs on the Swiss stock exchange [Journal-article]. Financial Markets and Portfolio Management, 16(1), 53–68. https://doi.org/10.1007/s11408-002-0104-z

Ranaldo, Angelo. (2001). Intraday market liquidity on the Swiss Stock Exchange [Journal-article]. Financial Markets and Portfolio Management, 15(3), 309–327. https://doi.org/10.1007/s11408-001-0303-z