Mark Taylor

Mark Taylor

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Mark Taylor is the Donald Danforth, Jr. Distinguished Professor of Finance at Olin Business School, Washington University in St. Louis. He joined Olin in 2016 and served as Dean from 2016 to 2022. Previously, he was Professor of International Finance and Dean of Warwick Business School at the University of Warwick in the UK. He has held professorial positions at Oxford University and Bayes Business School in London, and has been a visiting professor at New York University Stern School of Business, as well as at the Universities of Aix-Marseille and Bordeaux in France. In addition to his academic roles, Mark has significant experience in the finance industry. He began his career as a foreign exchange trader at Citigroup and worked as a senior economist at the Bank of England and the International Monetary Fund in Washington, DC. He was also a Managing Director for five years at BlackRock, where he ran the European arm of a large global macro hedge fund, specializing in foreign exchange and fixed-income portfolio management. Mark completed his first degree in Philosophy, Politics, and Economics at the University of Oxford. He holds MSc and PhD degrees in Economics and Finance and an MBA from London University, and a master's degree in Creative Writing and Literature from Harvard University. He is recognized as one of the most highly cited financial economists in the world.

Area of Expertise

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Economics, International Economics, Monetary Policy, Asset Pricing, Finance/Investments, International Finance

Education

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• ALM 2022, Harvard University
• DSc (Higher Doctorate, awarded for lifetime distinguished contributions) 2012, University of Warwick
• MBA (Distinction) 2010, Institute of Education, University College, London University
• MA 1984, St. John's College, University of Oxford
• Ph D 1984, Birbeck College, University of London
• MSc (Distinction) 1982, Birbeck College, University of London
• BA 1980, St. John's College, University of Oxford

Awards/Honors

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• Member, Harvard Club, New York, 2022
• Dean Emeritus, Warwick Business School, 2016
• Fellow, Academy of Social Sciences, 2009
• Who's Who, A&C Black, 2005
• Fellow, Royal Statistical Society, 1999
• Fellow, Royal Society of Arts, 1995
• Member, Reform Club, London, 1995
• Research Fellow, Centre for Economic Policy Policy Research, Paris, 1987

Teaching Interests

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International Finance

Research Interests

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Financial markets, foreign exchange, international finance, empirical asset pricing, international macroeconomics

Selected Publications

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• "Importance of Transaction Costs for Asset Allocation in the Foreign Exchange Markets", Journal of Financial Economics, 103886, with Ilias Filippou, Thomas Maurer, Luca Pezzo, 2024
• "The Out-of-Sample Performance of Carry Trades", Journal of International Money and Finance, with Po-Hsuan Hsu, Zigan Wang, Yan Li, 2024
• "Media Sentiment and Currency Reversals", Journal of Financial and Quantitative Analysis, Issue 3, 1401-1429, with Ilias Filippou, Zigan Wang, 2023
• "Forward-Looking Policy Rules and Currency Premia", Journal of Financial and Quantitative Analysis, Issue 1, 449-483, with Ilias Filippou, 2023
• "Currency Volatility and Global Technological Innovation", Journal of International Economics, with Po-Hsuan Hsu, Zigan Wang, Qi Xu, 2022
• "Pricing Ethics in the Foreign Exchange Market: Environmental, Social and Governance Ratings and Currency Premia", Journal of Economic Behavior and Organization, with Ilias Filippou
• "Global Political Risk and Currency Momentum", Journal of Financial and Quantitative Analysis, Issue 5, 2227-2259, with Ilias Filippou, Arie Gozluklu, 2018
• "Common Macro Factors and Currency Premia", Journal of Financial and Quantitative Analysis, Issue 4, 1731-1763, with Ilias Filippou, 2017
• "Real Exchange Rate Behavior: the Recent Float from the Perspective of the Past Two Centuries", Journal of Political Economy, 488-509, with James Lothian, 1996