Here are the top 5 papers downloaded from the SSRN eLibrary for the week ending July 31, 2009:

1. A Case of Insider Trading in Spain (in Spanish)
by Pablo Fernandez (University of Navarra – IESE Business School)

2. A Quantitative Approach to Tactical Asset Allocation
by Mebane T. Faber (Cambria Investment Management)

3. Seven Sins of Fund Management
by James Montier (Dresdner Kleinwort Wasserstein – Global Equity Strategy)

4. Understanding the Subprime Mortgage Crisis
by Yuliya S. Demyanyk (Federal Reserve Bank of Cleveland) and Otto Van Hemert (New York University – Department of Finance)

5. Governance Matters VIII: Aggregate and Individual Governance Indicators, 1996-2008
by Daniel Kaufmann (Brookings Institution) and Aart Kraay (World Bank – Development Research Group) and Massimo Mastruzzi (World Bank Institute)