Shawn O’Donoghue is a Senior Financial Economist in the Center for Financial Research at the FDIC.
He is currently interested in understanding frameworks for stress testing the Deposit Insurance Fund. More generally, he is interested in how market structure, information disclosure, and regulations affect price formation, transaction costs, liquidity, and trader behavior when trading securities.
He joined the FDIC in May 2024 after working in the Office of Regulatory Economics and Market Analysis at FINRA and the Division of Economic and Risk Analysis at the Securities and Exchange Commission. O’Donoghue obtained his Ph.D. in finance from Indiana University, his Masters in mathematics from the University of Denver, his Masters in French from Middlebury College, and his B.A. in economics from Georgetown University.
Publications
O’Donoghue, Shawn. 2022. Transaction Fees: Impact on Institutional Order Types, Commissions, and Execution Quality. Journal of Financial Markets, 60, 1–25.
Working Papers
O’Donoghue, Shawn, Christine Parlour, and Uday Rajan. 2021. Strategic Intermediation in Liquidity Markets.
Jain, Pankaj, Suchismita Mishra, Shawn O’Donoghue, and Le Zhao. 2024. Trading Volume Shares and Market Quality: Pre- and Post-Zero Commissions.