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Ali M. Kutan
Professor
Graduate Program Director
Member of the Faculty Since: 1991
Ph.D., Arizona
State University, 1990
M.S., Florida
Atlantic University, 1985
B.A., Istanbul
University, 1981
Courses:
Other:
Recent Publications:
- “European
Integration, Productivity Growth and Real Convergence”
by Ali M. Kutan (with Taner
Yigit), forthcoming in “European Economic Review."
- "The Impact of IMF-related News on Capital Markets: Further
Evidence from Bond Spreads," (with Ayse Y. Evrensel), forthcoming
in Journal of International Financial Markets, Institutions
and Money.
- "The Effects
of Transition and Political Instability On Foreign Direct Investment
Inflows: Central Europe and the Balkans," (with Josef
C. Brada and Taner M. Yigit), forthcoming in Economics of
Transition.
- "Determinants of Returns
and Volatility of Chinese ADRs at NYSE," (with Haigang
Zhou), published in Journal of Multinational Financial Management,
February 2006.
- "Pilgrims to Eurozone:
How Far, How Fast?" (with Evžen Kocenda and Taner
M. Yigit), forthcoming in Economic Systems.
- "Are Multinationals
Afraid of Social Violence in Emerging Markets? Evidence from the
Indonesian Provinces," (with Ayse Y. Evrensel), forthcoming
in Journal of Economic Studies.
- "Testing
PPP in the non-linear STAR framework," by Mohsen Bahmani-Oskooee,
Ali M. Kutan and Su Zhou, forthcoming in Economics Letters.
- Impact of IMF-Related News on Capital Markets: Further Evidence
from Bond Spreads in Indonesia and Korea" (with Ayse
Y. Evrensel), forthcoming in the Journal
of International Financial Markets, Institutions, and Money.
- "IMF-related announcements and financial sector returns:
Evidence from Indonesia, Korea, and Thailand," (with
Ayse Y. Evrensel), Pacific-Basin
Finance Journal, forthcoming.
- "Creditor
Moral Hazard in Stock Markets: Empirical Evidence from Indonesia
and Korea," (with Ayse Evrensel),"
Journal
of International Money and Finance, Vol. 25, pg. 640-654,
2006.
- “Does Herding Behavior Exist in Chinese Stock Markets?”
(with Riza Demirer) Journal
of International Financial Markets, Institutions & Money,
published April 2006.
- "Investor Panic, IMF Actions, and Emerging Stock Market
Returns and Volatility: A Panel Investigation," (with Bernd
Hayo), published in Journal
of International Money and Finance, November 2005.
- "How Does IMF News Affect Asset Market Returns and Volatility
in Emerging Markets?" (with Brasukra Sudjana), published
in Journal of Policy Reform, September 2006.
- "Does the Fisher Effect Hold in High-Inflation
Emerging Markets?: Evidence From Turkish Stock and Bond Markets,"
(with Tansu Aksoy), forthcoming, Multinational Finance Journal.
- "Real and Nominal Stochastic Convergence:
Are the New EU Members Ready to Join the Euro Zone?" (with
Taner M. Yigit), published in Journal of Comparative Economics,
June 2005.
- "Real and Monetary Convergence within
the European Union and Between Candidate Countries: A Rolling
Cointegration Approach," (with Josef Brada and Su Zhou),
forthcoming in Journal of Banking and Finance.
- "Information Flows Within and Across Sectors
in Chinese Stock Market," (with Zijun Wang and Jian Yang),
forthcoming in Quarterly Review of Economics and Finance.
- "Sources of Inflation and Output Fluctuations in Poland
and Hungary: Implications for Full Membership in the European
Union," (with Selahattin Dibooglu), forthcoming in Journal
of Macroeconomics.
Recent Working Papers:
Ali Kutan is a Professor of Economics and Finance at Southern Illinois
University at Edwardsville, an associate member of the Emerging
Market Group (EMG),
Cass Business School, London, a research fellow at the William Davidson
Institute (WDI), University
of Michigan Business School, and a senior fellow at the Center for
European Integration Studies (ZEI),
University of Bonn, Germany. His research interests include applied
international finance, financial markets and institutions, and financial
aspects of economic development. His recent work focuses on the
transition economies of the Central and East Europe, China, Turkey,
the EU and the U.S. His recent research topics include the determination
of asset prices in emerging markets, the monetary aspects of the
enlargement of the European Union, and the impact of IMF actions
on emerging markets.
Professor Kutan currently works on monetary policy issues regarding
Polish economy as a member of an IMF research team. He was a visiting
scholar at the Economic Research Department of the Federal Reserve
Bank of St. Louis from August 1998 through August 1999. His research
is supported through several agencies, including The National Council
for Eurasian and East European Research, the U.S. Department of
Education, and the William Davidson of Institute of the University
of Michigan Business School. His paper on “Exchange Rate and
Trade Policy on Transition Economies” won the “Paper
Competition Award” through the Association for Comparative
Economic Studies (ACES) in 1992 and his recent paper with Josef
Brada on “Monetary Policy Convergence Between the Candidate
Countries and the European Union” was the co-recipient of
the best paper prize awarded by the Editorial Board of Economic
Systems in summer 2001.
Professor Kutan served as a consultant to the World Bank involving
a project on enterprise behavior in the transition economies of
Eastern Europe. He has recently provided management training for
the Boeing Company in two locations, St. Louis and California, in
the areas of international finance and business management.
He has published extensively in several economics and finance journals,
including Economic Inquiry, Economic Systems, Economics Letters,
Economics of Transition, European Economic Review, Journal of Banking
and Finance, Journal of Comparative Economics, Journal of Development
Studies, Journal of International Money and Finance, Southern Economic
Journal, Pacific-Basin Finance Journal, Review of Development Economics,
Review of International Economics and book volumes published
by the New York University and MIT Press.
In addition to his research, Professor Kutan serves as a referee
for numerous professional journals. He is a member of several professional
organizations, including the American Economic Association, American
Finance Association, the Association for Comparative Economics,
and the Financial Management Association. He serves at the editorial
board of Comparative Economic Studies, Economic Systems, and
International Business and Economic Review. Since joining the
faculty in 1990, Professor Kutan has received several funded research
grants from SIUE.
He served as the co-editor of Comparative
Economic Studies from 2001 to 2003. He is currently the
editor of Emerging
Markets Finance and Trade (formerly Russian and East
European Finance and Trade) and the American editor of Economic
Systems.
Professor Kutan teaches a variety of economics and finance courses,
including international finance and financial econometrics for economics
and finance majors, and international business courses for MBA students.
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