Dissertation: Three Essays on Switching Costs in Banking, the Lending Channel and Entry in the Banking Industry.

  • Paper #1: "The Magnitude of Borrowers' Switching Costs and Their Relationship to
    Macro-Financial Variables ̄

  • Paper #2  "Switching Costs for Bank-Dependent Borrowers and the Bank Lending
    Channel of Monetary Policy" (with Maria Pia Olivero)

  • Paper #3: "Product Differentiation and Inefficiencies in the Retail Banking Industry" (with Mian Dai)

      Supervising Advisor:  Dr. Maria Pia Olivero

Research Interests:

Primary: Macroeconomics with I.O. elements, Empirical Industrial Organization, Financial Risk.

Secondary: Banking and International Finance, Applied Econometrics.



Asymmetric convergence and risk shift in the TED spreads (with Hammoudeh, S. and Chen LH), forthcoming, The North American Journal of Economics and Finance.


Asymmetric Convergence in US Financial Credit Default Swap Sector Index Markets (with Hammoudeh, S. and Chen LH), forthcoming, The Quarterly Review of Economics and Finance.


Dynamics of CDS spreads for the US Financial Sectors (with Hammoudeh, S. and Nandha, M), forthcoming, Applied Economics.


Precious Metals-Exchange Rate Volatility Transmissions and Hedging Strategies (with Mark Thompson, Shawkat Hammoudeh and Michael McAleer), Vol. 20, 2010, International Review of Economics and Finance. (.pdf)


Symmetric and Asymmetric US Sector Return Volatilities in Presence of Oil, Financial and Economic Risks (with Mohan Nandha, Shawkat Hammoudeh and Thomas Chiang), Vol. 38(8), 2010, Energy Policy. (.pdf)


Shock and Volatility Spillovers among Equity Sectors Of the Gulf Arab Stock  Markets (with Michael McAleer and Shawkat Hammoudeh). The Quarterly Review of Economics and Finance. 49(3), 829C842, 2009. (.pdf) (Listed in Top 25 Hottest Articles of QREF as of Dec 2009)

Metal Volatility in Presence of Oil and Interest Rate Shocks. (with Shawkat Hammoudeh), Energy Economics, 30(2), 606-620, 2008. (.pdf)


Equity Market Diversification in the MENA Regions and Impacts of Oil and Global Major Markets. invited paper. (with Hammoudeh, S. and Smimou, K.), Arab Bank Review, 9(1), 2008. (.pdf)


Diversification in MENA stock markets. summary paper, (with Hammoudeh, S. and Smimou, K.), Middle East Economic Survey, LI(24), 2008