Selected Published Papers

“Expropriation Risk by Block holders, Institutions and Expected stock returns” with Bruce Hearn and Jenifer Piesse, Journal of Corporate Finance (forthcoming) (available on line 06.05.17)

 

“On cross-border bank credit and the U.S. subprime crisis transmission to equity markets” with Ana-Maria Fuertes, and Cheng Yan, Journal of International Money and Finance, 2016, 69, 108-134

 

“Hot Money in bank credit during the banking globalization era” with Ana-Maria Fuertes, and Cheng Yan, Journal of International Money and Finance, 2016, 60, 29-52

 

“FX market illiquidity, funding liquidity constraints and international capital flows” with Chiara Banti, Journal of International Money and Finance, 2015, 56, 114-134

 

“Margin Requirements and Trading Volume”, with Antonis Aristidou, European Financial Management, 2013, 19(1), 45-71

 

“Exchange Rate Pass-through into Import Prices Revisited: What drives it”, with Raphael Brun-Aguerre and Ana-Maria Fuertes, Journal of International Money and Finance, 2012, 31 (4), 818-845

 

“Global Liquidity Risk in the Foreign Exchange Market” with Chiara Banti and Lucio Sarno, Journal of International Money and Finance, 2012, 31 (2), 267-291

 

“Order Flow and Exchange Rate Dynamics: An Application to Emerging Markets”, with Kwabena Duffuor and Ian Marsh , International Journal of Finance and Economics, 2012, 17(3), 290-304

 

“Related Securities and Price Discovery: Evidence from NYSE-Listed Non-U.S. Stocks” co-authored with Piotr Korczak, Journal of Empirical Finance, 2010, 17, 566-584

 

“Asymmetric Information, Price Discovery and Macroeconomic Announcements in FX Market: Do Top Trading Banks Know More?” with Long Chen, International Journal of Finance and Economics, 2010, 15, 228-246

 

Price Discovery in Foreign Exchange Markets: A Comparison of Indicative and Actual Transaction Prices” with Long Chen, Journal of Empirical Finance, 2009, 16, 640-654

 

“Equity Market Comovement and Contagion: A Sectoral Perspective” with Lichuan Xia, Financial Management, 2009, Summer, 381-409 Open access

 

“Sources of Firms’ Industry and Country Effects in Emerging Markets”, with Lichuan Xia Journal of International Money and Finance, 25, 2006(3), 459-475

 

“The Changing Role of Industry and Country Effects in Global Equity Markets”, co- authored with Lichuan Xia, European Journal of Finance, 12, 2006, 8, 627-648

 

Stock Prices and Exchange Rate Dynamics”, with Fabiola Ravazzolo, Journal of International Money and Finance, 2005, 24 (7), 1031-1053

 

Stock Market Linkages in Emerging Markets: Implications for International Portfolio Diversification”, with Fabiola Ravazzolo, Journal of International Financial Markets and Institutions, 15, 2005, 91-106

 

“Measuring Financial and Economic Integration with Equity Prices in Emerging Markets”, with Fabiola Ravazzolo, Journal of International Money and Finance, 2002, 21(6), 879-903

 

“Foreign Exchange Markets in Transition Economies: China”, with Eric Girardin, Journal of Development of Economics, 2001, 64(1), 215-235

 

“Capital Market Integration in the Pacific Region: An Impulse Response Analysis”, Journal of International Money and Finance, Vol.1999, 18(2), 267-287

 

“Price Limits and Stock Returns in the Athens Stock Exchange”, with M. Kavussanos and G. Manalis, European Financial Management Journal, 1999, 5(1), 69-84

 

“Does the Real Exchange Rate Follow a Random Walk? The Pacific Basin Perspective”, with Y. Kassimatis, Journal of International Money and Finance, 1994, 13(4), 476-495

 

“Money Demand, the Cagan Model and the Inflation Tax: Some Latin American Evidence”, with M.P.Taylor, Review of Economics and Statistics, 1993, 75(1)32-37

 

“The Black Market for Dollars in Chile”, Journal of Development Economics, 1992, 37,155-172

 

“Purchasing Power Parity and Co-integration: The Greek Evidence from the 1920s”, Journal of International Money and Finance, 1992, 11(5), 502-513

 

“Banking in a British Colony: Cyprus 1878-1959″, Business History, Vol.30, No.4, October 1988

 

“Capital Controls: the Case of Argentina 1971-84”, Journal of International Money and Finance, 1987 (3), 303-320