Download 3BUAdvising and Supervision (as main/co

FARUK BALLI
August 2012
O
Contact Information: School of Economics and Finance
College of Business, Massey University
Private Bag 11222, Palmerston North/ New Zealand
Phone: +646 350 5799 Ext:2330 Fax: +646 350 5660
U
WW
U
E-mail:
Web page:
H
[email protected]
HU
http://economics-finance.massey.ac.nz/fballi.php
U
Employment and Professional Appointments:
2011-now : Center of Applied Macroeconomic Analysis(CAMA), Research Associate.
20011-now:Assistant Professor (Adjunct Faculty), Department of Business Admininstration,
Suleyman Sah University
2008-now : Senior Lecturer (equivialent to Assistant Professor), School of Economics and
Finance, Massey University
I tought Advanced Econometrics, Managerial Finance (Post-Graduate level), Business
Finance, Managerial Economics, Microeconomic Theory (Post-Graduate level), International
Economics (Post-Graduate level), Spreadsheet Modelling, Advanced Microeconomics,
Project Evaluation, and Research Methods in Finance (Post-Graduate level).
January 2008- May 2008: Research Economist, Department of Economics Policies, Qatar
Central Bank, Doha, Qatar.
I forecasted currrency in circulation for the Qatar economy. The forecasts are used to
supply the money aggregates.
June 2007- Jauary 2008: Assistant Professor of Finance, Department of Finance and Banking
University of Dubai, Dubai, UAE
I tought Corporate Finance, Principles of Financial Management, Quantitative Methods for
Business, and Money and Banking .
2005- 2008: Teaching Fellow (Instructor), Department of Economics, University of Houston
I thought Principles of Macroeconomics and Principles of Microeconomics (3 sections).
Education:
University of Houston,
U.S.A
University of Houston,
U.S.A
Bogazici University,
Turkey
PhD
Economics, 2007
M.A Economics, 2004
B.S in Economics, 2002
1
Research Interests:
International Macroeconomics, International Finance,
Financial Economics, and Tourism Economics.
Selected Publications:
[1] International income risk-sharing and the global financial crisis of 2008-2009 (with
Hatice Ozer Balli and Syed Basher). Revised and Resubmitted to Journal of Banking
and Finance.
[2] Impacts of Exported Turkish Soap Operas and Visa-free Entry on Inbound Tourism to
Turkey (with Hatice Ozer Balli and Kemal Cebeci) Revised and Resubmitted to
Tourism Management.
[3] Risk Sharing in the Middle East and North Africa. The Role of Remittances and
Factor Incomes (with Syed Basher and Rosmy Jean Louis). Forthcoming in
Economics of Transition.
[4] Channels of Risk-Sharing among Canadian provinces: 1961-2006 (with Rosmy Jean
Louis, and Syed A. Basher). Forthcoming in Empirical Economics.
[5] Time-varying Spillover Effects on Sectoral Equity Returns (with Hatice Ozer Balli
and Rosmy Jean Louis) Forthcoming in International Review of Finance.
[6] On the Empirics of Income Smoothing across MENA Countries (2012) (with Hatice
Ozer Balli), Applied Economics, 45(23), 3370-3377.
[7] Risk Sharing through Capital Gains (2012) (with Bent E. Sorensen and Sebnem
Kalemli- Ozcan). Canadian Journal of Economics, 45(2), 472–492.
[8] Decomposing the Income Insurance Channel across Developed and Emerging
Markets (2011) (With Hatice Ozer Balli and Rosmy Jean Louis) International
Review of Finance, 11(4), 515-535.
[9] On the feasibility of a North American monetary union - does it make sense to look
for shocks symmetry across countries when none of the countries constitutes an
optimum currency area? (2011) (With Rosmy Jean Louis and Ryan Brown)
Economic Modeling, 28(6), 2701-2718.
[10] Income Insurance and Determinants of Income Insurance via Foreign Asset Revenues
and Foreign Liability Payments (2011). (with Syed A. Basher and Hatice O. Balli)
Economic Modeling, 28(5), 2296-2306.
2
[11] On the Choice of an Anchor for the GCC currency: does the Symmetry of Shocks
Extend to Both the Oil and the Non-Oil Sectors (2012) (with Rosmy Jean Louis, and
Mohammad Osman) International Economics and Economic Policy, 9(1), 83-110.
[12] Income Smoothing and Welfare Gains across Pacific Island Countries: The Role of
Remittances, Financial Aid and Savings. (2011) (with Hatice Ozer Balli) Economic
Modeling, 28(4), 1642-1649.
[13] Is the US Dollar a Suitable Anchor for the Newly Proposed GCC Currency? (2010)
(with Rosmy Jean Louis and Mohammad Osman) The World Economy, 33, (12),
1898–1922.
[14] Sectoral Equity Returns in the Euro Region: Is There any Room for Reducing the
Portfolio Risk? (with Hatice Ozer-Balli) (2011) Journal of Economics and Business,
63(2), 89-106.
[15] From Home Bias to Euro Bias: Disentangling the effects of Monetary Union on the
European Financial Markets. (2010) (with Syed A. Basher and Hatice Ozer-Balli)
Journal of Economics and Business, 62 (5), 347-366.
[16] International Portfolio Inflows to Arab G.C.C. Markets. Are there any General
Patterns? (2009) (with Rosmy Jean Louis, and Mohammad Osman.) Middle East
Review of Economics and Finance (Berkeley Electronic Press), 5(2).
[17] Modeling the Currency in Circulation for the State of Qatar. Forthcoming in
International Journal of Islamic and Middle Eastern Finance and Management.
[18] Estimating the output gap for the UAE: a production function approach. (2012) (with
Rosmy Jean Louis, and Mohammad Osman.) International Journal of Monetary
Economics and Finance, 5(1), 76-86.
[19] On the feasibility of monetary union among Gulf Cooperation Council (GCC)
countries: does the symmetry of shocks extend to the non-oil sector? (2012) (with
Rosmy Jean Louis and Mohammad Osman. Journal of Economics and Finance,
36(2), 319-334.
[20] International Portfolio Inflows to Arab G.C.C. Markets. Does Institutional Quality
and the Expatriates Play a Role? (2011) (with Rosmy Jean Louis, and Mohammad
Osman), Journal of Economics and Finance, 35(4), 434-455.
3
[21] Which Output Gap Measure Matters for the Arab Gulf Cooperation Council
Countries: The Overall GDP Output Gap or the Non-Oil Sector Output Gap? (2010)
(With Rosmy Jean Louis, and Mohammad Osman.) International Research Journal
of Finance and Economics, 35, 7-28.
[22] Income Smoothing and Foreign Asset Holdings. (2010) (with Rosmy Jean Louis, and
Mohammad Osman.) Journal of Economics and Finance, 34(1), 23-29.
[23] Spillover Effects on Government Bond Yields in Euro Zone. Does Perfect Financial
Integration Exist in European Government Bond Markets? (2009) Journal of
Economics and Finance, 33(4) 319-361.
[24] Output Gap and Inflation Nexus: The Case of United Arab Emirates (2009) (with
Rosmy Jean Louis, and Mohammad Osman.) International Journal of Business and
Economics Research, 1, 119-134.
[25] Channels of Risk Sharing among EMU Countries, Proceedings, International
Human and Economic Resources Conference, (Izmir, Turkey) May 2006.
Working Papers (Revisions and In Progress):
[1] Sectoral equity returns and portfolio diversification across the GCC region.(with
Rosmy Jean Louis, and Syed A. Basher(R&R requested)
[2] Low-Inflation-Targeting Monetary Policy and Differential Unemployment Rate:
Is Monetary Policy to be blamed for the Financial Crisis?(with Rosmy Jean Louis)
(R&R requested)
[3] An alternative approach to empirically assess the feasibility of monetary union
between small and large countries (with Syed Basher and Rosmy Jean Louis).
(Under Review)
[4] Would Australia-New Zealand be a viable currency union? Evidence from
interstate risk sharing performances (with Faisal Rana) (Under Review)
[5] Patterns of Bilateral Remittance Flows: Does Institutional Quality and Individual
Happiness Play a Role? (with Hatice Ozer Balli, Rukmani Gounder and Cahit
Guven)
[6] “Spillover Effects on the Sectoral Returns for Australian and New Zealand
Equity Markets,” (Ronglan Hong, and Hatice Ozer Balli, ) (Under Review)
[7] Are Mortgage Rates Bubbling Up Trouble for Canada’s Metropolitan Housing
Sector? (with Rosmy J. Louis and Ryan Brown)
4
[8] Determinants of Sukuk Returns across GCC Region (with Hatice Ozer Balli and
Syed A. Basher)
Teaching Experience:
Assistant Professor (Senior Lecturer) at Massey University:
Advanced Econometrics (Semester 2 2010)
Advannced Microeconomics Spring(Semester1 2010, 2011, 2012)
Topics in International Economics (Postgraduate) (Semester 1 2009)
Microeconomic Theory (Postgraduate) (Semester 1 2009)
Spreadsheet Modelling and Data Analysis(Semester 2 2009, Semester 2 2010, Semester 1 2011,
2012)
Managerial Finance(Semester 2 2008, Semester 1 2009)
Managerial Economics(Semester 2 2008, Semester 2 2009)
Assistant Professor At University of Dubai
Principles of Financial Management (Summer, Fall 2007) (2 sections)
Money and Banking ( Summer, Fall 2007)
Principles of Corporate Finance ( Summer , Fall 2007)
Quantitative Methods for Business (Fall 2007)
Instructor at University of Houston:
Principles of Microeconomics (Fall 2005, Spring 2006)
Principles of Macroeconomics (Summer 2006)
Scholarships and Awards:
University of Houston Small Grant, 2005, 2006
Graduate Tuition Fellowship, 2002-2007, University of Houston
Cullen Memorial Graduate Fellowship, 2002- 2007, University of Houston
Conference Presentations
[1] Balli, Faruk, Hatice Ozer Balli, and Syed Abul Basher “International Income RiskSharing and the Global Financial Crisis of 2008—2009,” FMA International Annual
meetings, Atlanta, USA, October, 2012.
[2] Balli, Faruk, Hatice Ozer Balli, Syed Abul Basher and Jiayuan Guo “Determinants of
Sector Holders’ Bilateral Portfolio Investments” 53rd NZAE Conference, Palmerston
North New Zealand, July, 2012
[3] Balli, Faruk, Syed Abul Basher and Faisal Rana “Why Returns on Cross-Border Asset
Holdings are so Volatile? An Examination of Likely Determinants” European Financial
Management association Meetings, University of Barcelona, Spain June 2012.
5
[4] Balli, Faruk, Hatice Ozer Balli, and Syed Abul Basher “International Income RiskSharing and the Global Financial Crisis of 2008—2009,” FMA European Annual
meetings, Istanbul, Turkey, June, 2012.
[5] Balli, Faruk, Hatice Ozer Balli, and Syed Abul Basher, “Determinants of Sukuk Yield
Spreads and Spillover Effects of Oil prices and Global Yield Returns on Sukuk Yield
Spreads,” Pre-MEEA/ASSA meetings, Chicago, IL, January, 2012.
[6] Balli, F., Basher, S.A. Jean Louis, R. Risk Sharing and Welfare Gains from Risk Sharing
Across GCC members and MENA countries. Who gains more and from
What? AEA/ASSA 2011 Annual Meeting, Denver USA, January, 2011.
[7] Balli, Faruk and Hatice Ozer Balli, Cahit Guven, and Rukmani Gounder, “The role of
institutions, culture, and wellbeing in explaining bilateral remittance flows: Evidence
both cross-country and individual level analysis from Turkey,” AEA/ASSA Annual
Meetings, Denver, CO, USA, January 2011.
[8] Balli, F. Kalemli-Ozcan, S., Sorensen B., (2010). “Risk Sharing Through Capital
Gains.” CEPR International Conference on Risk Sharing, Brussels, Belgium, October
2010.
[9] Balli, Faruk and Hatice Ozer-Balli, “Income Smoothing and Welfare Gains across Pacific
Island Countries: The Role of Remittances, Financial Aid and Savings,” 51st NZAE
Conference, Auckland Business School, Auckland, New Zealand, July, 2010.
[10] Balli, Faruk, Hatice Ozer-Balli, Cahit Guven, and Rukmani Gounder, “Bilateral
Remittance Flows, Institutional Quality, and Individual Happiness: Macro and Micro
Level Analysis?” 8th Infiniti Conference on International Finance, Trinity College,
Dublin, IRELAND, June, 2010.
[11] Balli, F. and Hatice Ozer-Balli, Cahit Guven, and Rukmani Gounder, “Patterns of
Remittance Flows: Does Institutional Quality and Individual Happiness Play a Role?”
Southern Economic Association, 79th Annual Conference, San Antonio, TX, USA,
November, 2009.
[12] Balli, F., Jean Louis, R. & Osman, M. (2008). Monetary Union amongst Arab Gulf
Cooperation Council (AGCC) Countries: Does the symmetry of shocks extend to the
non-oil sector? Economic Research Forum, 15th Annual Conference, Cairo, November
2008.
[13] Balli, F. “Spillover Effects on Government Bond Yields in Euro Zone. Does Perfect
Financial Integration Exist in European Government Bond Markets?” 76th Annual
Conference, Southern Economic Association, Charleston, South Carolina, USA,
November, 2006.
[14] Balli, F. and Sorensen, B. “Channels of Risk Sharing among EMU Countries.” 81st
Annual Conference, WEA Western Economic Association, San Diego, USA, July, 2006.
[15] Balli, F. “Spill over Effects on Government Bond Yields in Euro Zone. Does Perfect
Financial Integration Exist in European Government Bond Markets?” 4th Infiniti
Conference on International Finance, Trinity College, Dublin, IRELAND, June, 2006.
6
[16] Balli, F. and Sorensen, B. “Channels of Risk Sharing among EMU Countries.”
International Conference on Human and Economic Resources, Izmir University of
Economics, Izmir, TURKEY, May, 2006.
[17] Balli, F. “Spillover Effects on Government Bond Yields in Euro Zone. Does Perfect
Financial Integration Exist in European Government Bond Markets?” 6th Annual
Missouri Economics Conference hosted by University of Missouri Colombia, Federal
Reserve Bank of St. Louis, and Federal Reserve Bank of Kansas City, USA, March,
2006.
[18] Balli, F. “Spillover Effects on Government Bond Yields in Euro Zone. Does Perfect
Financial Integration Exist in European Government Bond Markets?” 33rd Annual
Meeting of the Academy of Economics and Finance, Houston, TX, USA, February, 2006.
[19] Balli, F. “Bond Yield Differentials and Financial Integration in European Markets”
Southern Economic Association, 75th Annual Conference, Washington, DC, USA
November, 2005
3BU
Advising and Supervision (as main/co- advisor):
Faisal Rana Ph.D. ( To be completed by December 2012).
Ronglan Hong Honors (July 2011)
Jiayuan Guo, Honors (July 2011)
Editorial Board:
Associate Editor:



International Journal of Bonds and Currency Derivatives 2012-current
Asian Journal of Finance and Accounting
2009-current
Enterprise Risk Management.
2009-current
Referee:
Journal of Development Economics, Journal of Money Credit and Banking, Applied Economics
(3), Emerging Markets Review, Emerging Markets Finance and Trade , Journal of Economics and
Business, Applied Financial Economics (2) Asian Journal of Finance and Accounting (2), Journal
of Economics and Finance(2), International Journal of Business & Economics, Journal of
Globalization and Development, Journal of International Trade & Economic Development,
Review of Middle Eastern Economics and Finance, International Economics and Economic
Policy(4), Economic Modeling, South African Journal of Economics, North American Journal of
Economics and Finance, Public Finance and Management, World Economy, Tourism
Management.
Affiliations:
American Economic Association, Southern Economic Association ,Western Economic
Association
Languages: English (fluent), Turkish (native)
7
References:
Rosmy Jean Louis, Professor
Chair, Department of Economics
B250 R464 Faculty of Management
Vancouver Island University
900 FIFTH Street, Nanaimo, BC V9R 5S5
Phone: 250-753-3245 ext. 2233
Fax: 250-740-6551
E-mail: [email protected].
Yildiray Yildirim, Associate Professor of Finance.
Chair, Department of Finance, Syracuse University
Martin J. Whitman School of Management
Syracuse University, Syracuse, NY USA 13244
Phone: 315-443 4885; fax: 315-443 5457
E-mail: [email protected]
Vahap Uysal, Associate Professor of Finance
OU Price College of Business Division of Finance
AH 318 Norman, Oklahoma 73019
Phone: 405-325-5672
e mail: [email protected]
8