Professor Edwards is a specialist in financial markets and institutions, financial regulation and derivatives markets. He teaches courses on futures markets and contemporary issues in financial markets. Edwards has written dozens of books and articles on topics in banking, financial markets and derivatives, including a textbook, Futures and Options. In his recent book, the New Finance: Regulations and Financial Stability, he argues that financial regulation must be reformed to make it more compatible with today’s market realities. His current research is on the effects of the rapidly growing mutual fund industry on the stock market and on financial stability.