Graduate Program Director
Member of the Faculty Since: 1991
“Federal Reserve Communications and Emerging Equity Markets?” by Bernd Hayo, Ali M. Kutan, and Matthias Neuenkirch (forthcoming: Southern Economic Journal)
“Implications of bank ownership for the credit channel of monetary policy transmission: Evidence from India” by Sumon Kumar Bhaumik, Vinh Dang, and Ali M. Kutan, Journal of Banking and Finance, Volume 35, Issue 9, September 2011, Pages 2418-2428
“The Behavior of Crude Oil Spot and Futures Prices around OPEC and SPR Announcements: An Event Study Perspective” by Riza Demirer and Ali M. Kutan, Energy Economics, November 2010.
“The Impact of U.S. Central Bank Communication on European and Pacific Equity Markets” by Bernd Hayo, Ali M. Kutan, and Matthias Neuenkirch, Economics Letters, Volume 108, Issue 2, August 2010, Pages 172-174
"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, M. Yigit, Economics of Transition, Volume 14, Number 4, October 2006, pp. 649-680.)
2011 Working Papers
“Financial Market Reaction to Federal Reserve Communications: Does the Crisis Make a Difference?” by Bernd Hayo, Ali M. Kutan, and Matthias Neuenkirch
"Is the stationarity of the yen real exchange rates a puzzle?" by Su Zhou and Ali M. Kutan
“Public Information Arrival and Investor Reaction During a Period of Institutional Change: An Episode of Early Years of a Newly Independent Central Bank” by Janusz Brzeszczynski and Ali M. Kutan
“Communication Matters: U.S. Monetary Policy and Commodity Price Volatility” by Bernd Hayo, Ali M. Kutan, and Matthias Neuenkirch (forthcoming: Economic Letters)
“Communicating with Many Tongues: FOMC Communication, Media Coverage, and U.S. Financial Market Reaction” by Bernd Hayo, Ali M. Kutan, and Matthias Neuenkirch
2010 Working Papers
“Estimates and Causes of Capital Flight from Central and East European Countries” by Josef C. Brada, Ali M. Kutan, and Goran Vukšić
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 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 Bureau of Economic Research, U.S. Commerce Department and the World Bank. He 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 about 100 articles in numerous economics and finance journals, including Applied Economics, Comparative Economic Studies, Economic Inquiry, Economic Systems, Economics Letters, Economics of Transition, Energy Economics, European Economic Review, Journal of Banking and Finance, Journal of Comparative Economics, Journal of Development Studies, Journal of Economic Behavior & Organization, Journal of Financial Stability, 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 Economic Studies, and the Financial Management Association. He is recently elected to serve as an Executive Board Member of the Association for Comparative Economic Studies. He serves at the editorial board of Journal of Economic Studies and Eurasian Economic Review. Since joining the faculty in 1990, Professor Kutan has received several funded research grants from SIUE and external grants.
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.