Fany Declerck

Fany Declerck

TSE Research Faculty

UT1 Capitole

Professor of finance (TSE-TSM), Toulouse 1 Capitole University

Research interests

Market microstructure
Financial frictions
Limit order market
OTC markets
Insider trading
Financial analysts


Fany Declerck is Professor of Finance at the IAE School of Management (University of Toulouse 1 Capitole) and Research Fellow at the Toulouse School of Economics, and the Institut D’Economie Industrielle. She is currently visiting professor at the Tepper School of Business (Carnegie Mellon University). After her master in econometrics and a Phd in finance, she spent 3 months as Marie Curie fellow at the Centre for Studies in Economics and Finance (University of Salerno). She was on visiting position at the Banque de France (May 2014), the Haas School of Business at Berkeley University (May 2013), and Euronext Paris (1999-2000). Her research studies the microstructure of financial markets by relying on large stocks and bonds high-frequency databases. She has published in the Journal of Financial Markets and the Journal of Banking and Finance. She is involved in the “Trading and Post-trading” ERC obtained by Bruno Biais from TSE (Grant n° 295298). In 2014 she received a CNRS international mobility grant, in 2013 a research Prize EIF (Europlace Institute of Finance), and in 2007 a four-years grant from the French ministry of research. From 2006 to 2009 she was scientific adviser in charge of database for the French ministry of education and research. She teaches courses on corporate finance, empirical finance, and financial markets. She is currently director of the Ph.D. program in management science.


E-mail : see the e-mail

Tel : +(33) 5 67 73 27 58

Office : T.637


Valérie Placier

E-mail : see the e-mail

Tel : + 33 (0)5 61 63 37 06

Office : T.619