Marie Briere
Ph.D., Head of Fixed Income, Forex and Volatility Strategy, Crédit Agricole Asset Management, Paris, France. Senior Associate Researcher at Center Emile Bernheim (Free University of Brussels), Bruxelles, Belgium. Affiliated professor at CERAM Business School.
E-mail: marie.briere@caam.com
EDUCATION
• 2004: PhD Award in Finance from National Association of PhD in Economics (ANDESE)
• 2002: PhD in Economics at University of Paris X Nanterre, with highest honours «Influence of Collective Beliefs on Interest Rates Markets, Role of Central Banks and Experts », PhD grant cofunded by the French Minestry of Education, Research and Technology and BNPParibas, under the direction of André Orléan.
• 1998: Diploma of statistician economist from the National School of Statistics and Economic Administration (ENSAE) and Master of Economics in « International Economics and Finance » at the University of Paris IX Dauphine.
RESEARCH THEMES
• Finance: Interest Rates, Derivatives, Asset Evaluation, Portfolio Management
• Economics: Monetary Policy, International Finance
• Econometrics: Financial econometrics
PROFESSIONAL EXPERIENCE
Crédit Agricole Asset Management
• Head of Fixed Income, Forex and Volatility Strategy since January 2006
• Head of Fixed Income Strategy between January 2004 and January 2006
• Strategist between August 2002 and January 2004
BNP-Paribas
• Quantitative Research at FIRST (Fixed Income Research and Strategy) between January 2002 and August 2002
• Quantitative Research in proprietary trading desk between July 1998 and January 2002
Academic affiliations
• Senior associate researcher at Emile Bernheim Center (Solvay Business School, Free University of Brussels).
• Affiliate professor at CERAM Business School.
ONGOING RESEARCH PROJETS
• Sector diversification for corporate bonds and equities, with J. Annaert (Antwerp University) and A. Szafarz (Free University of Brussels).
• Socially Responsible Investment for Government Bonds, with K. Ooesterlinck, A. Szafarz (Free University of Brussels) and O. Signori (CAAM).
• Delayed impact of news on the Euro yield curve, with F. Ielpo (Paris I University).
TEACHING
• University of Paris II Assas, Master « Finance », «Quantitative Techniques in Finance ».
• University of Paris IX Dauphine, IUP « Gestion de Patrimoine», «Financial Markets and Investment Strategies».
• Ecole Supérieure de l'Aéronautique et de l'Espace, 3rd year, «Financial Markets and Investment Strategies».
• Toulouse Business School, 2nd year, «Empirical Finance».
• CERAM Sophia Antipolis, European School of Business, Master «Investment Strategies».
LANGUAGES
• French: mother tongue
• English: fluent
• German: fluent
PUBLICATIONS
Books and Contribution to Collective Books
• «Interest Rate Formation : Anomalies and Collective Beliefs», Economica, collection Recherche en Gestion, 2005 (in French).
• «Conventional Representations on Fixed Income Markets», contribution to the collective book: «Conventional Economics: Methods and Results», 2nd part: developments, under the direction of F.Eymard-Duvernay, p.177-192, La découverte, 2006, (in French).
Articles
• «Bond Market Conundrum: New Factors to Explain Long-Term Interest Rates», with O. Signori and K. Topeglo, Banque et Marchés, 92, January-February 2008.
• «Market Risk Perception: Construction of an Index Based on Option Smiles and Test of Strategies», with K. Chancari, Revue d'Economie Politique, 4, July-August 2004 (in French).
• «Influence of Collective Representations on Fixed Income Markets, the Role of Central Banks and Experts», Vie et Sciences Economiques, 165, June 2004 (in French).
• «Do Markets React Differently to Fed and ECB Communication? Reading Information from Option Smiles», Banque et Marchés, 67, November-December 2003 (in French). Award of «best article in the year», decreed by French Association of Finance (AFFI) in December 2004.
Working Papers
• «Yield Curve Reaction to Macroeconomic News in Europe: Disentangling the US influence», with F. Ielpo, ULB-CEB Working Paper N° 07-038, 2007.
• «Crisis Robust Bond Portfolios», with A. Szafarz, ULB-CEB Working Paper N° 07-030, 2007.
• «Do Inflation-Linked Bonds still Diversify?», with O. Signori, ULB-CEB Working Paper N° 07-029, 2007.
• «Market Reactions to Central Bank Communication Policies: Reading Interest Rates Options Smiles», ULB-CEB Working Paper N° 06-009, 2006.
• «Contagion or Globalisation on International Financial Markets?», with A. Chapelle et A. Szafarz, ULB-CEB Working Papers, 06-006, 2006.
• «What Are the Market Movers for Corporate Bond Spreads?», with A. Cohen, ULB-CEB Working Papers, 06-003, December 2005.
• «Implicit Volatility Forecasts and Test of Strategies», with T. Gilotte, Crédit Agricole Asset Management Working Paper, December 2005.
• «Index Linked Bonds: What International Diversification?», with P. Boulanger and S. de Laguiche, Crédit Agricole Asset Management Working Paper, December 2004.
• «How to Measure Implicit Default Rates in Credit Spreads?», with P. Boulanger, Crédit Lyonnais Asset Management Working Paper, September 2003.
• «Construction of a Risk Appetite Index on Markets: What Signal for an Asset Allocation?», with D. Doré, Crédit Lyonnais Asset Management Working Paper, August 2003.
• «US and Euro Credit Spreads by Rating: A Forecasting Model», with P. Boulanger, Crédit Lyonnais Asset Management Working Paper, June 2003.
• «Index Linked Bonds: How to Evaluate the Components of Inflation Breakeven?», with P. Boulanger, Crédit Lyonnais Asset Management Working Paper, November 2002.
INVITED SEMINARS
• Center for Advanced Research in Finance, University of Tokyo, «Contagion or globalisation on international financial markets ?», April 2007.
• Commission Economique de l'Association Française de gestion, presentation of the book «Interest Rate Formation : Anomalies and Collective Beliefs», September 2006.
• Paris I University, presentation of the book presentation of the book «Interest Rate Formation: Anomalies and Collective Beliefs», 2006.
• Caisse des Dépôts et Consignations, presentation of the book «Interest Rate Formation: Anomalies and Collective Beliefs», 2005.
• European Central Bank, presentation of the book «Interest Rate Formation: Anomalies and Collective Beliefs», 2005.
• Free University of Brussel, presentation of the book «Interest Rate Formation: Anomalies and Collective Beliefs », 2005.
