Regulation should limit speculative activities without impairing risk sharing.
Professor of Finance at INSEAD, Bernard Dumas used to be Professor of Finance at University of Lausanne and Swiss Finance Institute. Prior to joining Lausanne, he was Professor at INSEAD, HEC (Paris), the Wharton School of the University of Pennsylvania and ESSEC.
Professor Dumas specializes in International Finance and Finance Theory in Continuous Time. He is or has been Editor or associate Editor of various academic journals including The Review of Financial Studies, the Journal of Finance, and the Review of Finance. Professor Dumas' research has been published in prestigious journals.
Professor Dumas has been a Member of the Board of the American Finance Association, is a Research Associate of the National Bureau of Economic Research and a Research Fellow of the Centre for Economic Policy Research.
Professor Dumas received his Engineering degree from Ecole Centrale de Paris and his MSc and PhD degrees from Columbia University, New York.