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Frédéric Malherbe

Assistant Professor of Economics

MA PhD (Université Libre de Bruxelles)

Dr Frédéric Malherbe joined London Business School in 2010. His main research interests are in Financial Intermediation, Banking Regulation, Macroeconomics, and Political Economy.

In 2013 he was awarded the Baron Lamfalussy Fellowship for his work on macro-prudential regulation. He has studied management at Université Catholique de Louvain (BA and MA) and economics at Université libre de Bruxelles (PhD) and the Massachusetts Institute of Technology.

Dr Malherbe founded the London Financial Intermediation Theory Network, a London Business School-based research group (In 2011) with members from all major UK-based research institutions.

In 2014, he was awarded an International Network grant by the Leverhulme Trust to set up the EuroFIT Network, an international network of researchers on financial crises.


Unanimous rules in the laboratory

Bouton L; Llorente-Saguer A; Malherbe F

Games and Economic Behavior 2017 Vol 102 p 179-198


Get rid of unanimity rule: the superiority of majority rules with veto power

Bouton L; Llorente-Saguer A; Malherbe F

Journal of Political Economy 2016 Vol 126:1 p 107-149


Self-fulfilling liquidity dry-ups

Malherbe F

Journal of Finance 2014 Vol 69:2 p 947-970


Financial contagion

Kollmann R; Malherbe F

Book Chapter: In Caprio G (ed.) Handbook of Safeguarding Global Financial Stability: Political, Social, Cultural and Economic Theories and Models, p139-143, OUP, 2013


A positive analysis of bank behaviour under capital requirements

Bahaj S; Malherbe F

CEPR Discussion Paper

Unanimous rules in the laboratory

Bouton L; Llorente-Saguer A; Malherbe F

NBER Working Paper

What determines how banks respond to changes in capital requirements?

Bahaj S; Bridges J; O'Neill C; Malherbe F

Bank of England Working Papers


Get rid of unanimity rule: The superiority of majority rules with veto power

Malherbe F; Bouton L; Llorente-Saguer A

Working Paper


Market discipline and securitization

Malherbe F

Working Paper


  • Core MBA Global Business Environment SUM16

Executive MBA


Research Interest

  • Financial Intermediation
  • Banking Regulation
  • Macroeconomics
  • Political Economy.