2020 applicants
People

Professor Alexandros Kontonikas

Professor
EBS - Finance
Professor Alexandros Kontonikas
  • Email

  • Telephone

    +44 (0) 1206 874569

  • Location

    EBS.3.57, Colchester Campus

  • Academic support hours

    You can find details of Academic Support hours on the EBS UG and PG information page on Moodle or by calling EBS Student Services on 01206873911

Profile

Biography

Professor Kontonikas is the Head of the Finance Group at Essex Business School. He is a graduate of the Athens University of Economics and Business. He holds an MSc in Business Finance and a PhD in Financial Economics from Brunel University. He joined Essex Business School in September 2016, having previously been employed at the University of Glasgow (2005-2016) and Brunel University (2003-2005). Professor Kontonikas main research interests are in the areas of asset pricing, liquidity, monetary policy and sovereign risk. His work has been published in several journals including the Journal of Money Credit and Banking, the Review of Asset Pricing Studies, the Journal of Banking and Finance and the Journal of International Money and Finance. He welcomes inquiries from potential PhD students on a variety of topics, including but not exclusively: The impact of monetary policy on the stock market/bond market Household portfolio allocation Impact of non-conventional monetary policy on bank behaviour Risk-taking channel of monetary policy Professor Kontonikas has obtained grants from various sources including the Leverhulme Trust and the Nuffield Foundation. He has also has acted as a research consultant for the European Commission, the European Central Bank and the Bank of Finland. Research Income: Leverhulme Trust Research Project Grant, £109726 for The impact of austerity policies on the wellbeing of individuals in Europe, with A. Montagnoli, M. Moro and S. Brown (2016- 2018). Portuguese Science Foundation (FCT) Research Grant, €67774, for Yields, financial, macro and fiscal interactions, with A. Afonso, M. Arghyrou and J. Jalles (2016-2018).

Qualifications

  • PhD in Financial Economics (2004), Brunel University.

  • MSc in Business Finance (1999), Brunel University.

  • BSc in International and European Economic Studies (1998), Athens University of Economics and Business.

Research and professional activities

Research interests

Asset pricing

Open to supervise

Monetary policy

Open to supervise

Sovereign risk

Open to supervise

Teaching and supervision

Previous supervision

Jun Luo
Jun Luo
Thesis title: Essays on European Banks' Consolidation, Integration and Systemic Risk
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 23/1/2020
Mengyu Zhang
Mengyu Zhang
Thesis title: Essays on the Microstructure of US Equity Options
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 23/1/2020
Rajib Islam
Rajib Islam
Degree subject: Finance
Degree type: Master of Science
Awarded date: 15/1/2020

Publications

Journal articles (33)

Guo, H., Kontonikas, A. and Maio, P., Monetary policy and corporate bond returns. Review of Asset Pricing Studies

Guo, H., Hung, C-HD. and Kontonikas, A., (2020). Investor sentiment and the pre-FOMC announcement drift. Finance Research Letters, 101443-101443

Kellard, N., Kontonikas, A., Lamla, M., Maiani, S. and Wood, G., (2020). Risk, Financial Stability and FDI. Journal of International Money and Finance, 102232-102232

Fernandes, FDS., Kontonikas, A. and Tsoukas, S., (2019). On the Real Effect of Financial Pressure: Evidence From Firm-Level Employment During the Euro-Area Crisis. Oxford Bulletin of Economics and Statistics. 81 (3), 617-646

Kontonikas, A., Nolan, C., Zekaite, Z. and Lamla, M., (2019). Treasuries Variance Decomposition and the Impact of Monetary Policy. International Journal of Finance and Economics. 24 (4), 1506-1519

Kontonikas, A. and Zekaite, Z., (2018). Monetary policy and stock valuation: Structural VAR identification and size effects. Quantitative Finance. 18 (5), 837-848

Afonso, A., Arghyrou, M., Gadea, MD. and Kontonikas, A., (2018). “Whatever it takes” to resolve the European sovereign debt crisis? Bond pricing regime switches and monetary policy effects. Journal of International Money and Finance. 86, 1-30

Bagdatoglou, G., Kontonikas, A. and Wohar, ME., (2016). FORECASTING US INFLATION USING DYNAMIC GENERAL-TO-SPECIFIC MODEL SELECTION. Bulletin of Economic Research. 68 (2), 151-167

Afonso, A., Arghyrou, MG., Bagdatoglou, G. and Kontonikas, A., (2015). On the time-varying relationship between EMU sovereign spreads and their determinants. Economic Modelling. 44 (C), 363-371

Florackis, C., Kontonikas, A. and Kostakis, A., (2014). Stock market liquidity and macro-liquidity shocks: Evidence from the 2007–2009 financial crisis. Journal of International Money and Finance. 44 (C), 97-117

Afonso, A., Arghyrou, MG. and Kontonikas, A., (2014). PRICING SOVEREIGN BOND RISK IN THE EUROPEAN MONETARY UNION AREA: AN EMPIRICAL INVESTIGATION. International Journal of Finance & Economics. 19 (1), 49-56

Gregoriou, A., Kontonikas, A. and Montagnoli, A., (2014). Aggregate and regional house price to earnings ratio dynamics in the UK. Urban Studies. 51 (13), 2916-2927

Kontonikas, A. and Kostakis, A., (2013). On Monetary Policy and Stock Market Anomalies. Journal of Business Finance & Accounting. 40 (7-8), 1009-1042

Kontonikas, A., MacDonald, R. and Saggu, A., (2013). Stock market reaction to fed funds rate surprises: State dependence and the financial crisis. Journal of Banking and Finance. 37 (11), 4025-4037

BYRNE, JP., KONTONIKAS, A. and MONTAGNOLI, A., (2013). International Evidence on the New Keynesian Phillips Curve Using Aggregate and Disaggregate Data. Journal of Money, Credit and Banking. 45 (5), 913-932

Arghyrou, MG. and Kontonikas, A., (2012). The EMU sovereign-debt crisis: Fundamentals, expectations and contagion. Journal of International Financial Markets, Institutions and Money. 22 (4), 658-677

Chen, X., Kontonikas, A. and Montagnoli, A., (2012). Asset prices, credit and the business cycle. Economics Letters. 117 (3), 857-861

Bagdatoglou, G. and Kontonikas, A., (2011). A New Test of the Real Interest Rate Parity Hypothesis: Bounds Approach and Structural Breaks. Review of International Economics. 19 (4), 718-727

GREGORIOU, A., KONTONIKAS, A. and MONTAGNOLI, A., (2011). Euro Area Inflation Differentials: Unit Roots and Nonlinear Adjustment. JCMS: Journal of Common Market Studies. 49 (3), 525-540

Kontonikas, A., (2010). A new test of the inflation–real marginal cost relationship: ARDL bounds approach. Economics Letters. 108 (2), 122-125

Gregoriou, A. and Kontonikas, A., (2010). The long-run relationship between stock prices and goods prices: New evidence from panel cointegration. Journal of International Financial Markets, Institutions and Money. 20 (2), 166-176

Byrne, JP., Kontonikas, A. and Montagnoli, A., (2010). THE TIME-SERIES PROPERTIES OF UK INFLATION: EVIDENCE FROM AGGREGATE AND DISAGGREGATE DATA. Scottish Journal of Political Economy. 57 (1), 33-47

Caporale, GM. and Kontonikas, A., (2009). The Euro and inflation uncertainty in the European Monetary Union. Journal of International Money and Finance. 28 (6), 954-971

Gregoriou, A., Kontonikas, A., MacDonald, R. and Montagnoli, A., (2009). Monetary policy shocks and stock returns: evidence from the British market. Financial Markets and Portfolio Management. 23 (4), 401-410

Arghyrou, MG., Gregoriou, A. and Kontonikas, A., (2009). Do real interest rates converge? Evidence from the European union. Journal of International Financial Markets, Institutions and Money. 19 (3), 447-460

Gregoriou, A. and Kontonikas, A., (2009). Modeling the behaviour of inflation deviations from the target. Economic Modelling. 26 (1), 90-95

Ioannidis, C. and Kontonikas, A., (2008). The impact of monetary policy on stock prices. Journal of Policy Modeling. 30 (1), 33-53

Gregoriou, A. and Kontonikas, A., (2006). INFLATION TARGETING AND THE STATIONARITY OF INFLATION: NEW RESULTS FROM AN ESTAR UNIT ROOT TEST. Bulletin of Economic Research. 58 (4), 309-322

Kontonikas, A. and Montagnoli, A., (2006). OPTIMAL MONETARY POLICY AND ASSET PRICE MISALIGNMENTS. Scottish Journal of Political Economy. 53 (5), 636-654

Kontonikas, A. and Ioannidis, C., (2005). Should monetary policy respond to asset price misalignments?. Economic Modelling. 22 (6), 1105-1121

Kontonikas, A., (2004). Inflation and inflation uncertainty in the United Kingdom, evidence from GARCH modelling. Economic Modelling. 21 (3), 525-543

Kontonikas, A. and Montagnoli, A., (2004). Has Monetary Policy Reacted to Asset Price Movements? Evidence from the UK. Ekonomia. 7 (1), 18-33

Gregoriou, A., Kontonikas, A. and Tsitsianis, N., (2004). Does the day of the week effect exist once transaction costs have been accounted for? Evidence from the UK. Applied Financial Economics. 14 (3), 215-220

Reports and Papers (7)

Özbekler, AG., Kontonikas, A. and Triantafyllou, A., (2020). Volatility Forecasting in European Government Bond Markets

da Silva Fernandes, F., Guariglia, A., Kontonikas, A. and Tsoukas, S., (2020). Is there a trade-off between inventories and trade credit? The role of the sovereign debt crisis

Kellard, NM., Kontonikas, A., Lamla, MJ., Maiani, S. and Wood, G., (2018). Risk, Financial Stability and FDI

Afonso, A., Arghyrou, MG., Gadea, MD. and Kontonikas, A., (2017). "Whatever it takes" to resolve the European sovereign debt crisis? Bond pricing regime switches and monetary policy effects

Kontonikas, A. and Zekaite, Z., (2017). Monetary policy and stock valuation: Structural VAR identification and size effects

Florackis, C., Kontonikas, A. and Kostakis, A., (2013). Stock Market Liquidity and Macro-Liquidity Shocks: Evidence from the 2007-2009 Financial Crisis

Afonso, A., Arghyrou, MG., Bagdatoglou, G. and Kontonikas, A., (2013). On the time-varying relationship between EMU sovereign spreads and their determinants

Scholarly Editions (1)

Fernandes, F., Kontonikas, A. and Tsoukas, S., (2014). On the real effects of financial pressure: Evidence from euro area firm-level employment during the recent financial crisis.

Grants and funding

2016

The Impact of austerity policies on the wellbeing of individuals in Europe

Leverhulme Trust

Contact

a.kontonikas@essex.ac.uk
+44 (0) 1206 874569

Location:

EBS.3.57, Colchester Campus

Academic support hours:

You can find details of Academic Support hours on the EBS UG and PG information page on Moodle or by calling EBS Student Services on 01206873911