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Antonio Mele
SFI Senior Chair
Professor of Finance
  +41 58 666 44 98
Antonio Mele is Professor of Finance at the Università della Svizzera italiana and has held an SFI Senior Chair since 2011. Before moving to Switzerland, he held a professorship at the London School of Economics. Prof. Mele is the co-inventor of the CBOE Interest Rate Swap Volatility Index and the CBOE Treasury Volatility Index, the first standardized volatility measures in the interest rate swap and Treasury markets. He is a regular speaker at leading finance conferences worldwide.
Research Interests:
His research interests relate to capital markets.
Recent Research:
Professor Mele’s recent coauthored research studies asset markets in which uncertainty about the fundamentals can be mitigated when acquiring costly information. Acquiring private information helps reduce the value of parameter uncertainty. The authors show that because of ambiguity aversion, the value of parameter uncertainty increases as markets become informationally more efficient and can diminish the usual free-riding benefits arising from others’ information choices. The combination of these effects can lead, even after small changes in uncertainty, to strategic complementarities in information acquisition and induce large price swings.