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portrait of Professor Keith Pilbeam

Professor Keith Pilbeam

Professor of Economics

School of Arts and Social Sciences, Department of Economics

Contact Information

Contact

Visit Keith Pilbeam

D315, Rhind Building

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Postal Address

City, University of London
Northampton Square
London
EC1V 0HB
United Kingdom

About

Overview

Professor Pilbeam is a Professor of International Economics and Finance at City, University of London.

He obtained his PhD from the European University Institute in Florence. He has worked for NatWest Bank and the Royal Bank of Scotland and has done extensive consultancy work for a number of City financial institutions.

He is the President of the International Economics and Finance Society (www.iefs.org.uk) and also Secretary General to the European Economics and Finance Society (www.eefs-eu.org).

His research relates mainly to foreign exchange and financial markets. He is the author of two well-known textbooks, International Finance and Finance and Financial Markets both published by Palgrave. He has also published the research monograph: Exchange Rate Management: Theory and Evidence with Macmillan.

Publications

  1. Litsios, I. and Pilbeam, K. (2017). An empirical analysis of the nexus between investment, fiscal balances and current account balances in Greece, Portugal and Spain..

Books (4)

  1. Pilbeam, K. and Beckmann, J. (2017). Internationale Wirtschaft. ISBN 978-3-7910-3335-8.
  2. Pilbeam, K. (2010). Finance & Financial Markets. Palgrave MacMillan. ISBN 978-0-230-23321-8.
  3. Pilbeam, K. (2006). International Finance. Palgrave MacMillan. ISBN 978-1-4039-4837-3.
  4. Pilbeam, K. (1991). Exchange Rate Management: Theory and Evidence The UK Experience. Palgrave. ISBN 978-1-349-11744-4.

Conference Paper/Proceedings

  1. Pilbeam, K. (2005). The relative effectiveness of sterilized and non sterilized foreign exchange market interventions. .

Internet Publications (3)

  1. Litsios, I. and Pilbeam, K. (2017). The long-run determination of the real exchange rate. Evidence from an intertemporal modelling framework using the dollar-pound exchange rate..
  2. Litsios, I. and Pilbeam, K. (2017). An empirical analysis of the nexus between investment, fiscal balances and current account balances in Greece, Portugal and Spain..
  3. Pilbeam, K., Asteriou, D. and Tomuleasa, I. The Impact of Economic Freedom, Business Regulation and Corruption on Bank Profitability and Bank Stability: Evidence from Europe..

Journal Articles (29)

  1. Beckmann, J., Glycopantis, D. and Pilbeam, K. (2017). The dollar–euro exchange rate and monetary fundamentals. Empirical Economics pp. 1–22. doi:10.1007/s00181-017-1335-1.
  2. Asteriou, D., Masatci, K. and Pilbeam, K. (2016). Exchange rate volatility and international trade: International evidence from the MINT countries. Economic Modelling, 58, pp. 133–140. doi:10.1016/j.econmod.2016.05.006.
  3. Benbouzid, N., Mallick, S. and Pilbeam, K. (2016). The housing market and the credit default swap premium in the UK banking sector: A VAR approach. Research in International Business and Finance . doi:10.1016/j.ribaf.2017.01.009.
  4. Begiazi, K., Asteriou, D. and Pilbeam, K. (2016). A multivariate analysis of United States and global real estate investment trusts. International Economics and Economic Policy, 13(3), pp. 467–482. doi:10.1007/s10368-016-0349-z.
  5. Belke, A. and Pilbeam, K. (2016). Exports, growth and financial stability in the euro area and beyond. International Economics and Economic Policy, 13(3), pp. 339–343. doi:10.1007/s10368-016-0354-2.
  6. Beckmann, J., Czudaj, R. and Pilbeam, K. (2015). Causality and volatility patterns between gold prices and exchange rates. North American Journal of Economics and Finance, 34, pp. 292–300. doi:10.1016/j.najef.2015.09.015.
  7. Pilbeam, K., Bris, A., Alcidi, C., Barslund, M., Pieter de Groen, W. and Gros, D. (2015). Intervention in the Foreign Exchange Market: Rationale, Effectiveness, Costs and Benefits. Intereconomics: review of European economic policy, 50(2), pp. 64–70. doi:10.1007/s10272-015-0528-0.
  8. Pilbeam, K. and Langeland, K.N. (2015). Forecasting exchange rate volatility: GARCH models versus implied volatility forecasts. International Economics and Economic Policy, 12(1), pp. 127–142. doi:10.1007/s10368-014-0289-4.
  9. Belke, A. and Pilbeam, K. (2015). Macroeconomic and financial adjustment in globalised economies - The state-of-play. International Economics and Economic Policy, 12(1), pp. 1–4. doi:10.1007/s10368-014-0282-y.
  10. Pilbeam, K. and Oboleviciute, N. (2012). Does foreign direct investment crowd in or crowd out domestic investment? : evidence from the European Union. The journal of economic asymmetries, 9(1), pp. 89–104.
  11. Olmo, J., Pilbeam, K. and Pouliot, W. (2011). Detecting the presence of insider trading via structural break tests. Journal of Banking and Finance, 35(11), pp. 2820–2828. doi:10.1016/j.jbankfin.2011.03.013.
  12. Olmo, J. and Pilbeam, K. (2011). Uncovered interest parity and the efficiency of the foreign exchange market: A re-examination of the evidence. International Journal of Finance and Economics, 16(2), pp. 189–204. doi:10.1002/ijfe.429.
  13. Pilbeam, K. and Olmo, J. (2011). The forward discount puzzle and market efficiency. Annals of Finance, 7(1), pp. 119–135. doi:10.1007/s10436-010-0159-1.
  14. Pilbeam, K. and Nagle, F. (2009). High-tech IPOs in the USA, UK and Europe after the dot-com bubble. Int. J. of Financial Services Management, 4(1), pp. 64–75.
  15. Olmo, J. and Pilbeam, K. (2009). Uncovered Interest Parity: Are Empirical Rejections of It Valid? Journal of Economic Integration, 24, pp. 369–384.
  16. Olmo, J. and Pilbeam, K. (2009). The profitability of carry trades. Annals of Finance, 5(2), pp. 231–241. doi:10.1007/s10436-008-0098-2.
  17. Pilbeam, K. and Noronha, R. (2008). Risk budgeting and Value-at-Risk. Int. J. of Monetary Economics and Finance, 1(2), pp. 149–161.
  18. Pilbeam, K. (2004). The stabilization properties of fixed and floating exchange rate regimes. International Journal of Finance and Economics, 9(2), pp. 113–123. doi:10.1002/ijfe.235.
  19. Pilbeam, K. (2001). The profitability of central bank foreign exchange market intervention. Journal of Policy Modeling, 23(5), pp. 523–530. doi:10.1016/S0161-8938(01)00065-5.
  20. Pilbeam, K. (2001). Economic Fundamentals and Exchange Rate Movements. International Review of Applied Economics, 15(1), pp. 55–64.
  21. Pilbeam, K. (2001). The East Asian financial crisis: getting to the heart of the issues. Managerial Finance, 27(1/2), pp. 111–133. doi:10.1108/03074350110767538.
  22. Pilbeam, K. (1997). New directions in trade theory - Deardorff,A, Levinsohn,JA, Stern,RM. ECONOMIC JOURNAL, 107(443), pp. 1234–1236.
  23. PILBEAM, K. (1995). EXCHANGE-RATE MODELS AND EXCHANGE-RATE EXPECTATIONS - AN EMPIRICAL-INVESTIGATION. APPLIED ECONOMICS, 27(11), pp. 1009–1015. doi:10.1080/00036849500000082.
  24. PILBEAM, K. (1995). SURVEYS IN INTERNATIONAL-TRADE - GREENAWAY,D, WINTERS,LA. ECONOMIC JOURNAL, 105(432), pp. 1289–1290. doi:10.2307/2235423.
  25. Pilbeam, K. (1995). The profitability of trading in the foreign exchange market: Chartists, fundamentalists, and simpletons. Oxford Economic Papers, 47(3), pp. 437–452.
  26. PILBEAM, K. (1993). PRIVATE LENDING TO SOVEREIGN STATES - A THEORETICAL AUTOPSY - COHEN,D. ECONOMIC JOURNAL, 103(416), pp. 255–256. doi:10.2307/2234362.
  27. PILBEAM, K. (1992). SPECULATION AND THE DOLLAR - THE POLITICAL-ECONOMY OF EXCHANGE-RATES - KRAUSE,LA. ECONOMIC JOURNAL, 102(414), pp. 1261–1263. doi:10.2307/2234397.
  28. PILBEAM, K. (1992). THE ECONOMICS OF THE DOLLAR CYCLE - GERLACH,S, PETRI,PA. ECONOMIC JOURNAL, 102(414), pp. 1261–1263. doi:10.2307/2234397.
  29. Pilbeam, K. and Litsios, I. The long-run determination of the real exchange rate. Evidence from an intertemporal modelling framework using the dollar-pound exchange rate. Open Economies Review .

Working Papers (2)

  1. Olmo, J. and Pilbeam, K. (2007). A resolution of the forward discount puzzle..
  2. Andriesz, E., Asteriou, D. and Pilbeam, K. (2003). The linkage between financial liberalisation and economic development: empirical evidence from Poland..

Other Activities

Editorial Activities (8)

  1. Applied Financial Economics, Referee.
  2. Applied Economics, Referee.
  3. Economic Journal, Referee.
  4. International Journal of Forecasting, Referee.
  5. International Review of Applied Economics, Referee.
  6. British Review of Economic Issues, Referee.
  7. Oxford Economic Papers, Referee.
  8. World Economy, Referee.