Konstantinos Drakos
Assistant Professor in Finance

E-mail address: [email protected], [email protected]

 

Research Interests

  • Financial Economics
  • Macroeconomics/Monetary Economics
  • Economics of Security
  • International Finance

 

Employment History

  • February 2009-present: Assistant Professor in Finance, Department of Accounting and Finance, Athens University of Economics and Business 
  • March 2005-January 2008: Assistant Professor in Macroeconomics and Finance, Department of Economics, University of Patras, Greece
  • October 2005-present: Hellenic Open University (EAP, DEO41)
  • 2000- present: Lecturer in Time Series, Essex Summer School in Social Science Data Analysis
  • February 2003-February 2005: Lecturer in Macroeconomics and Finance, Department of Economics, University of Patras, Greece
  • September 2001-August 2002: Lecturer in Finance, Department of Economics, University of Essex, UK
  • September 2000-August 2001: Lecturer in Finance, Department of Economics, London Guildhall University, UK

 

Education

  • PhD Econ (Essex)
  • MSc Econ (Essex)
  • BA Econ (Athens)

 

List of Publications

 

o        Testing Uncertainty’s Effect in Real Options with Multiple Capital Goods, Economica, forthcoming 2010 

 

o        An Econometric Analysis of Counterterrorism Effectiveness: The Impact on Life and Property Losses, (with N. Giannakopoulos, University of Patras), Public Choice, 139(1), 135-151, 2009 

 

o        Investment in Greek Manufacturing under Irreversibility and Uncertainty: The message in Used Capital Expenditures, (with E. Goulas, University of Patras), Applied Economics , forthcoming 2009

 

o        The Relative Importance of Sector and Country Factors for Leasing Penetration Rates Across European Industries, (with E. Goulas, University of Patras), Applied Economics Letters , 15, 1197-1200, 2008

 

o        Efficiency and Formation of Expectations: Evidence from the European Investment Survey, Applied Economics , 40(8), 1015-1022, 2008

 

o        Asset and Lessee Heterogeneity as Determinants of Leasing Contracts Maturity Structure in Europe, (with E. Goulas, University of Patras), International Research Journal of Finance and Economics, 15, 72-77, 2008

 

o        Irreversible Investment under Uncertainty: The Message in Leasing Expenditures, (with E. Goulas, University of Patras), International Journal of Monetary Economics and Finance, 1(4), 412-426, 2008

   

o        Measuring Under-reporting Bias in Terrorist Activity, Journal of the Royal Statistical Society (Series A, Statistics in Society) , 170(4), 909-921, 2007

 

o        Investment and Cash Flow: Evidence for Asymmetry in European Manufacturing, (with C. Kallandranis, University of Patras), Applied Financial Economics , 17(14), 1191-1200,  2007

 

o        Modelling Leasing Penetration Rates in European Industries, (with E. Goulas, University of Patras), Empirical Economics Letters, 6(6), 493-499, 2007

 

o        Evidence for the Existence of Under-reporting Bias in Terrorist Activity: The Message in Press Freedom Status Transitions, (with A. Gofas, Institut Barcelona d'Estudis Internacionals), Democracy and Security , 3(2), 139-155, 2007

 

o        Performance Persistence in the Greek Mutual Fund Market, (with P. Zachouris, University of Patras), Global Business and Economics Review , 9(1), 75-91, 2007

 

o        Financial Considerations and Investment Decisions: A Literature Review, (with C. Kallandranis, University of Patras) Briefing Notes in Economics, 72, 1-14, 2007

 

o        Investment and Conditional Uncertainty: The Role of Market Power, Irreversibility, and Returns-to-Scale, (with E. Goulas, University of Patras), Economics Letters , 96, 169-175, 2006

 

o        Modelling Labour Demand Dynamics beyond the Frictionless Environment, (with C. Kallandranis, University of Patras), Labour: Review of Labour Economics and Industrial Relations , 20(4), 699-720, 2006

 

o        New vs. Used Capital Investment Decisions under Liquidity Constraints, (with C. Kallandranis, University of Patras and E. Goulas, University of Patras), Applied Financial Economics Letters ,3(1),15-18, 2006

 

o        In Search of the Average Transnational Terrorist Attack Venue, (with A. Gofas, Institut Barcelona d'Estudis Internacionals), Defence and Peace Economics, 17(2), 73-93, 2006

 

o        The Devil you Know but Fail to Face: Underreporting Bias and Its Distorting Effects in the Study of Terrorism, (with A. Gofas, Institut Barcelona d'Estudis Internacionals), Journal of Conflict Resolution , 50(5), 714-735, 2006

 

o        A Note on Uncertainty and Investment across the Spectrum of Irreversibility, Applied Economics Letters, 13(20), 877-880, 2006

 

o        Investment and Cash Flow: Evidence from Greek Listed Companies, (with C. Kallandranis, University of Patras), Applied Economics Quarterly, 51(4), 2005

 

o        Firm-Specific Attributes of Financing Constraints: The Case of Greek Listed Firms, (with C. Kallandranis, University of Patras), Investment Management & Financial Innovations, 2, 98-110, 2005

 

o        The Elasticity of Substitution across Maturities in International Capital Markets: A Simple Test, Journal of Economic Integration, 20(4), 727-745, 2005

 

o        Sources of Financial Market Linkages: A Case Study of Greek and Turkish Markets, (with A. Kutan, Southern Illinois University), Eastern European Economics, 43(4), 5-26, 2005

 

o        Competition and Contestability in Transition Banking: An Econometric Analysis, (with P. Konstantinou, University of Macedonia) South-Eastern Europe Journal of Economics, 3(2),187-209, 2005

 

o        A Note on the Role of Sector, Rating and Maturity on Risk Premia, International Journal of Business and Economics, 3(3), 201-216, 2004

 

o        Expectations Hypothesis or Market Segmentation? A Stochastic Trends-based Approach, European Review of Economics and Finance, 3(2), 65-81, 2004

 

o        Terrorism-induced Structural Shifts in Financial Risk: The Case of Airline Stocks in the Aftermath of the September 11th, European Journal of Political Economy, 20, 435-446, 2004

 

o        The Evolution of Competitive Conditions in US Banking, SPOUDAI, 54(2), 44-58, 2004

 

o        Eurocurrency Market Integration, Advances in International Economics and Finance: Labour and Capital Mobility in an Integrated World Economy, Edited by George Agiomirgianakis, Tapan Biswas and Chris Tsoukis, Kluwer Publishers, 2004

 

o        A Sectoral-Level Analysis of Performance Persistence in Greek Manufacturing, (with Ch. Kallandranis, University of Patras) Volume of Essays in honour of Prof. Sarantides, University of Pireaus, vol. 2, 2004

 

o        Regional Effects of Terrorism on Tourism: The Case of Three Mediteranean Countries, (with Prof. A. Kutan, University of Illinois at Edwardsville) Journal of Conflict Resolution, 47(5), 621-641, 2003

 

o        The Term Structure of Deviations from the Interest Parity, Journal of International Financial Markets, Institutions and Money , 13(1), 57-67, 2003

 

o        Assessing the Success of Reform in Transition Banking: An Interest Margins Analysis, Journal of Policy Modelling, 25(1), 309-317, 2003

 

o        Has the Reform in Transition Banking Delivered?, MACROMODELS and AMFET 2001 Conference Proceedings, Edited by Janusz Brzeszczynski, 2003

 

o        Performance and Market Share: Evidence from the Greek Mutual Fund Industry, Greek Economic Review, 22(1), 23-42,2002

 

o        The Dealership Model for Interest Margins: The Case of the Greek Banking Industry, Journal of Emerging Market Finance, 1(1), 75-98, 2002

 

o        A Daily View of the Yield Curve Dynamics: Some International Evidence, De Economist, 150(1), 1-12, 2002

 

o        Estimating a Multi-Factor model for the Greek Mutual Fund Market,Russian and East European Finance and Trade, 38(3), 72-91, 2002

 

o        Common Factors affecting Eurocurrency Rates: A Dynanic Analysis, Journal of Economic Integration, 17(1), 162-182, 2002

 

o        Banking Sector Efficiency in Central and Eastern Europe, Russian and East European Finance and Trade, 38(2), 33-44, 2002

 

o        Myopia, Liquidity Constraints and Aggregate Consumption: The Case of Greece, Journal of Economic Development, 27(1), 97-105, 2002

 

o        Monetary Policy and the Yield Curve in an Emerging Market: The Greek Case, Emerging Markets Review, 2(3), 244-262, 2001

 

o        Fixed Income Excess Returns and Time to Maturity, International Review of Financial Analysis, 10(4), 431-442, 2001

 

o        Testing the Ricardian Equivalence Theorem:Time Series Evidence from Greece, Journal of Economic Development, 26(1), 149-160,2001

 

o        The Expectations Hypothesis of the Term Structure: The Greek Interbank Market, Economia Internazionale, 54(4), 2001

 

 

 

Conference and other Presentations

·         Network for the Economic Analysis of Terrorism, 2nd Workshop, Brussels, September 2008   

·         Lisbon Conference on Defense and Security, Lisbon, June, 2008

·         Network for the Economic Analysis of Terrorism, 1st Workshop, Berlin, April 2008   

·         Centre for Planning and Economic Research (ÊÅÐÅ), Athens, October 2007

·         European Economics and Finance Society-UK, 6th Annual Conference, Sofia, May 2007

·         University of Macedonia, Department of Economics, October 2007

·         European Economics and Finance Society-UK, 5th Annual Conference, Crete, May 2006

·         University of Athens, Department of Economics, October 2005 

·         4th Annual Conference of Hellenic Finance and Accounting Association (HFAA), Pireaus, December 2005

·         3rd Annual Conference of Hellenic Finance and Accounting Association (HFAA), Athens, December 2004

·         CIS-University of Southern California “The Political Economy of International Terrorism”, Los Angeles, Áðñßëéïò 2004

·         Cyprus Labour Institute “Regional Effects of Terrorism: The Case of the Mediterranean” (Keynote speaker), Cyprus, November, 2003

·         DIW Workshop on the Economic Consequences of Terrorism, Berlin, June 2002

·         Bank of Finland Workshop on Transition Economies (BOFIT), Helsinki, April 2002

·         X International “Tor Vergata” Conference on Banking and Finance, Rome, December, 2001

·         European Economics and Finance Society-UK, 4th Annual Conference, EBRD, London, November 2001

·         European Economics and Finance Society-UK, 3rd Annual Conference, City University, London, November 2000

·         Royal Economic Society (RES) Annual Conference, (University of St. Andrews), July 2000

·         Bank of England Workshop, June 2000

·         ZEI Conference on International Finance, University of Bonn, August 2000

·         31st Annual Conference of the “Money Macro and Finance Research Group” (MMF), University of Oxford, September 1999.

·         14th Annual Congress of the European Economic Association (EEA99), Spain, September 1999.

·         3rd Congress on “Macroeconomic Analysis and International Finance”, Greece, May 1999.

·         3rd Young Economists Meeting, Netherlands, April 1999.

Updated April 2009
Maintained by Konstantinos Drakos
Comments to [email protected], [email protected]

 

Counter

1

 

 

Hosted by www.Geocities.ws

1