| Department: | School of Business |
| Title: | Associate Professor & The Wallace R. Woodbury Professorship in Economics |
| Office: | WB 203 |
| Email: | akia@uvu.edu |
| Phone: | 801-863-6898 |
| Fax: | 801-863-8060 |
| Mail Code: | 280 |
Amir Kia
Associate Professor &
Finance and Economics Department
EDUCATION
| 1985 | Ph.D. (Economics), Carleton University , Ottawa , Canada Specialization: economic theory, economic policy, international trade and international monetary policy Thesis: Evaluating Regional Policies in Canada : The Case of Newfoundland |
| 1977 | M.A. (Economics), University of Ottawa, Ottawa, Canada Specialization: mathematical economics and econometrics |
AWARDS AND NOMINATIONS
|
"Woodbury School of Business Scholar of the Year Award", Utah Valley University, received in March 2009 |
| “PAM Faculty Teaching Excellence Award”, Carleton University, nominated in March 2006 |
| “Featured Faculty member for the month of February”, Faculty of Public Affairs and Management and the First Year Experience Office, Carleton University, nominated in March 2006 |
| “National Capital Educators’ Award”, nominated in March 2005 |
| “Teaching Excellence Award”, Carleton University, nominated in March 2005 |
| “Teaching Excellence Award”, Carleton University, received April 15, 2004 |
| “Crystal Apple Award for Teaching Excellence”, Emory University, nominated in 2003 and 2000 |
| “Five Favorite Faculty Award”, Emory University, received in 1999 |
FELLOWSHIP
| Research Fellow of the Economic Research Forum (ERF) ERF's mission is to promote policy-relevant economic research and to help activate the policy formulation debate in the Arab countries, Iran and Turkey by encouraging interregional and international interactions between researchers, by funding quality research, and by creating a forum where economic issues of importance are discussed. |
RESEARCH GRANTS
|
Woodbury School of Business Summer Research Grants, UVU, 2009 |
|
Summer Research Grant, UVU, 2008 |
| Summer Research Grant, UVU, 2007 |
| Presidential Faculty Scholarly Grant, UVU, 2006 |
| Vice President, Research and International and Dean, Public Affairs and Management, Carleton University, “Debt, Composition of Debt and Real Activities”, April 2004 |
| Faculty of Public Affairs and Management, Carleton University, November 2003 |
| Department of Economics, Emory University, research grant, 2002-2003 Department of Economics, Emory University, research grant, 2001-2002 Department of Economics, Emory University, research grant, 2000-2001 Department of Economics, Emory University, research grant, 1999-2000 |
TEACHING INTERESTS
| Graduate Courses: Macroeconomics, Monetary Economics, Financial Economics, Money and Banking, International Trade and Finance |
| Undergraduate Courses: Macroeconomics, Microeconomics, Money and Banking, Stocks Bonds and Financial Markets, International Trade and Finance, Statistics, Corporate Finance |
AREAS OF INTEREST
| Macroeconomics, Financial Economics, Monetary Economics, Money and Banking, International Trade and Finance. Specific areas of interest include monetary policy transparency, profit-risk sharing banking system, role of debt and composition of public debt on real activities, macroeconomic aspects of asset prices in an open economy, risk and determinants of volatility in stock prices as well as policy regime changes and demand for money in open economy models. |
EDITOR
|
Journal of Business Inquiry, Editor-In-Chief, 2008 - current |
REFEREEING
| Journal of Money, Credit and Banking, Applied Economics, Managerial and Decision Economics, Journal of International Economics, International Economic Journal, International Journal of Business and Research, Journal of Academy of Business and Economics, Journal of International Business and Economics, Journal of Business Strategy, Journal of International Finance and Economics, Review of Business Research, The Journal of Business Inquiry and Journal of KAU Islamic Economics |
SUPERVISION AND EXAMINING
| Supervisor: Abdul Dahir, Honours Thesis, September 2005, “Profit-Risk-Sharing Banking System Vis- -Vis Traditional Banking System - An Empirical Verification”, Carleton University, Department of Economics |
| Vania Gaquiere, Direct Reading ECON 4903, “A Microeconomic Foundation of the Impact of Private Debt on Consumption”, August 2005, Carleton University, Department of Economics Ben Carter, Honours Thesis, 2000, Emory University, Department of Economics |
| Committee member: Erica Lynn Heaton, Honours Thesis, 2003, Emory University, Department of Economics Erin Vanderveldt, Honours Thesis, 2003, Emory University, Department of Economics Cyrus Heydarian, Honours Thesis, 2002, Emory University, Department of Economics Rachel Tan, Honours Thesis, 2000, Emory University, Department of Economics |
OTHER ACTIVITIES
| Member of the Graduate Program Development Committee, School of Business, UVU, Janurary 2007 - May 2008 |
| Organizing and Managing UVU Finance & Economics Department Working Paper Series, 2006 - Current |
| Organizing and Managing UVU Finance & Economics Department Seminars, 2006 - Current |
| Participated in the Annual Congratulations Call Campaign, Carleton University, 2004 |
| Set up Emory University Department of Economics Superexcellent Boxing Team; coaching and training, 2000-2003 |
ACADEMIC EXPERIENCE
|
Utah Valley University |
Associate Professor |
August 2006 - Present |
Carleton University Department of Economics Ottawa, Ontario, Canada K1S 5B6 |
Visiting Associate Professor |
July 2003 - July 2006 |
Emory University Department of Economics Atlanta, GA 30322 - 2240 USA |
Visiting Assistant |
Aug 1999 - June 2003 |
Carleton University Department of Economics and School of Public Administration Ottawa, Ontario, Canada K1S 5B6 |
Adjunct | 1982 - 2002 |
NON-ACADEMIC EXPERIENCE
| Bank of Canada Financial Markets Department Ottawa, Ontario, Canada K1A 0G9 |
Economist | 1984 - 1999 |
Pension Fund Financial Markets Department, Bank of Canada |
1996 - 1999 |
Operations Analysis and Special Studies Financial Markets Department, Bank of Canada |
Jan. 1989 - April 1996 |
Cash Management/Operations Analysis Securities Department, Bank of Canada |
Dec 1987 - Dec 1988 |
Special Studies Monetary and Financial Analysis Department, Bank of Canada |
Feb - Nov 1987 |
Operations Analysis Securities Department, Bank of Canada |
Aug 1985 - Jan 1987 |
Government Finance Sector Forecasting and Analysis Securities Department, Bank of Canada |
Sept 1984 - July 1985 |
Transport Canada Ottawa, Ontario, Canada |
Economic Analyst | April - Aug 1982 (term position) |
SELECTED PUBLICATIONS AND RESEARCH PAPERS
(Complete list of research papers available upon request)
Papers under review
“Money, Deficits, Debts and Inflation in Emerging Countries: Evidence from Turkey"
“Analyzing the Fiscal Process Under a Stochastic Environment: Evidence From Egypt "
Refereed Publications
“Overnight Monetary Policy in the United States: Active or Interest-Rate Smoothing?” , Journal of Macroeconomics (2009), in press.
"Inflation: Islamic and Conventional Economic Systems", Encyclopedia of Islamic Economics, Volume 3, Forthcoming.
“Sustainability of the Fiscal Process in Emerging Countries - Evidence from Iran and Turkey", Journal of Policy Modeling, (2008), Volume 30, pp. 957-972.
“Modeling Money Demand under the Profit-Sharing Banking Scheme: Evidence on Policy Invariance and Long-Run Stability”, co authoring with Ali Darrat, Global Finance Journal, (2007), Volume 18, Issue 1, pp. 104-123.
“A Non-Technical Primer on Private Ownership in Islam", The Journal of Business Inquiry, (2007), Volume 6, Issue 1, pp. 72-77.
“Deficits, Debt Financing, Monetary Policy and Inflation in Developing Countries: Internal or External Factors? Evidence from Iran”, Journal of Asian Economics,( 2006) ,Vol. 17, Issue 5, November, 879-903
“Economic Policies and Demand for Money: Evidence from Canada”, Applied Economics, (2006), Vol. 38, 1389-1407
“Rational Speculators and Equity Volatility as a Measure of Ex-Ante Risk”, Global Finance Journal, (2003), Vol. 14, pp. 135-157
“Forward-Looking Agents and Macroeconomic Determinants of the Equity Price in a Small Open Economy”, Applied Financial Economics, (2003), Vol. 13, No. 1, pp. 37-54
"Speculative Activities, Efficiency and Normative Stock Exchange", Journal of KAU Islamic Economics, (2001), Vol. 13, pp. 31-50
"Overnight Covered Interest Parity: Theory and Practice", International Economic Journal, (1996, Spring), Vol. 10, No. 1, pp. 59-82
"The Asian Crisis and Equity Markets in Canada", Financial Markets Department Working Paper, Bank of Canada, 1998.
"Hedging Against Inflation: The Best Investment Strategy in a Low Inflationary Environment", Financial Markets Department Working Paper FMD 97-195 (September 1997) Bank of Canada.
"The Equity and Bond Returns Differential in a Low Inflationary Environment", Financial Markets Department Working Paper FMD 97-194 (August 1997), Bank of Canada.
"Inflation, Stock Returns and the Relative Performance of Equities and Bonds: A Brief Survey of Empirical Studies", Financial Markets Department Working Paper FMD 97-010 (June 1997), Bank of Canada.
"Comparison of Canadian Equity-Bond Returns", Financial Markets Department Working Paper FMD 96-012 (October 1996), Bank of Canada.
"Day-of-the-Week Effect and the Overnight Money Market Efficiency", Bank of Canada, June 1996.
"The Bank of Canada Yield Curve: Improvements and Proposals", Bank of Canada, Financial Markets Department, May 1996.
"Intra-Day and Inter-Period Monetary Policy and Market Efficiency", Bank of Canada, Financial Markets Department, June 1995.
"General Equilibrium Model of North-Southbound Transaction Costs", Bank of Canada, Securities Department, September 1994.
"General Equilibrium Models of Neutral North-Southbound Transactions", Bank of Canada, Securities Department, May 1994.
"The Recent Developments in the Behaviour of Offstreet Lenders", Bank of Canada, Securities Department, September 1993.
"Long Run Overnight Covered Interest Parity - Theory and Practice", Bank of Canada, Securities Department, June 1993.
"The Volatility of Call Rate Before and After the Changes in the Reserve Requirements: A Short Note", Bank of Canada, Securities Department, October 1992.
"A Brief Comparison Between Interbank and Call Markets", Bank of Canada, Securities Department, October 1992.
"Overnight Markets in Canada", Bank of Canada, Securities Department, April 1992.
"Term Deposit Rate as an Indicator of the Call Rate", Bank of Canada, Securities Department, March 1992.
"The Interaction Between Exchange Swap Transactions and Money Markets: Northbound-Southbound Covered Interest Parity", Bank of Canada, Securities Department, July 1991.
"Efficiency in the Tomorrow-Next Swap Market", Bank of Canada, Securities Department, April 1991.
"Intra-Week Daily Pattern in the Overnight Financing in Canada: Interbank Market", in collaboration with P. Farahmand, Bank of Canada, Securities Department, January 1991.
"Is the Excess Secondary Reserve an Indicator of Monetary Policy?", Bank of Canada, Securities Department, January 1991.
"How Active is the Bank of Canada's Approach to Monetary Policy?", Bank of Canada, Securities Department, August 1990.
"Intra-Week Daily Pattern in the Call Loans Market in Canada", Bank of Canada, Securities Department, February 1990.
"Foreign Underwriters and Volatility in Canada Bond Prices - A Short Note", Bank of Canada, Securities Department, May 1989.
"Is There a Daily Pattern in the Call Loan Rate?", Bank of Canada, Securities Department, April 1989.
"Tightness of Money Market in the Very Short Run: Some Basic Measures", Bank of Canada, Securities Department, March 1989.
"The History of the Inverted Government Bonds Yield Curve in Canada Since 1950: What Can We Learn?", Bank of Canada, Securities Department, January 1989.
"Will Commercial Paper Replace Bankers' Acceptances as a Result of the New Capital Rules?", Bank of Canada, Securities Department, December 1988.
"The Behavior of Term-Deposit Auction Participants", Bank of Canada, Securities Department, November 1988.
"The Impact of the Tender Amount on Call-Term Deposit Rates Differentials", Bank of Canada, Securities Department, November 1988.
"Stock Prices and Market Efficiency", Bank of Canada, Securities Department, July 1988.
"The Behavior of Offstreet Lenders: An Empirical Verification", Bank of Canada, Securities Department, June 1988.
"The Recent Behavior of Offstreet Lenders: An Overview", Bank of Canada, Securities Department, May 1988.
"The Role of Debt in the Real Interest Rate-Real Activities Link", Bank of Canada, Securities Department, November 1987.
"The Determinants of Canada-U.S. Nominal Rate Differentials", Bank of Canada, Securities Department, November 1987.
"The Impact of Debts on Real Activities in a Small Open Economy", Bank of Canada, Securities Department, July 1987.
"An Investment Model With Adjustment Costs", Bank of Canada, Securities Department, July 1987.
"Interest Rates and Federal Deficits in Canada", Bank of Canada, Securities Department, July 1987.
"Regional Policies in a Depressed Region of Canada: How Successful?", Bank of Canada, Securities Department, June 1987.
"Financial Crowding Out in Canada and the Impact of 1987 Budget on Interest Rates - A Summary Note", Bank of Canada, Securities Department, February 1987.
"Debt Management Scenario - A Simulation", Bank of Canada, Securities Department, February 1987.
"Federal Government Deficits and Nominal Rates of Interest: An Empirical Study - 1971Q1-1985Q1", Bank of Canada, Securities Department, October 1986.
"Federal Government Deficits and Exchange Rate: An Empirical Verification", Bank of Canada, Securities Department, March 1986.
"Federal Deficit and Canada-U.S. Interest Rate Differential", Bank of Canada, Securities Department, March 1986.
"The Impact of Deficits on the Rate of Interest in a Small Open Economy: A Technical Paper", Bank of Canada, Securities Department, December 1985.
"Financial Crowding Out in a Small Open Economy", in collaboration with R. Hannah, Bank of Canada, Securities Department, December 1985.
"Does a Higher Expected Inflation Rate Steepen the Yield Curve?", Bank of Canada, Securities Department, December 1985.
Non-Refereed Publications
“Comments on “Venture Capital: A Potential Model of Musharakah” by Sami Al Suwailem”, Journal of KAU Islamic Economics, (2001), Vol. 13, pp. 61-62.
Review of Teaching Economics in Islamic Perspective, by Muhammad Nejatullah Siddiqi, Journal of KAU Islamic Economics, (1999), Vol. 11, pp. 77-80.
"Comments on "Monetary Management in an Islamic Economy" by Mohsin S. Khan and Abbas Mirakhor", Journal of KAU Islamic Economics, (1998) Vol. 10, pp. 55-56.
A Methodology for the Economic Evaluation of Taxiway/Fillets, (1982) Transport Canada, Air.
Other Research Paper
"Positive Rate of Return, Stationary Economy and Efficiency", paper presented at the Annual Meetings of the Canadian Economics Association held at the University of British Columbia, Vancouver, B.C., Canada, June 1983.
Research Presentations - Academic Meetings
2009
Canadian Economics Association,
Presenter, chair and discussant
Paper presented: “Money, Deficits, Debts and Inflation in Emerging Countries: Evidence from
International Conference on Policy Modeling (EcoMod 2009),
Presenter, chair and discussant
Papers presented: “Developing a Market-Based Monetary Policy Transparency Index and Testing Its Impact on Risk and Volatility in the United States,” and “Analyzing the Fiscal Process Under a Stochastic Environment: Evidence From Egypt”
2008
Economic Research Forum 15th Annual Conference,
Paper presented: “Analyzing the Fiscal Process Under a Stochastic Environment: Evidence From Egypt”
2007
Western Economic Association International 82nd Annual Conference, Seattle, WA, June/July Presenter, chair of two sessions and discussant
Paper presented: "Developing a Market-Based Monetary Policy Transparency Index and Testing Its Impact on Risk and Volatility in the United States"
Hawaii International Conference on Business, Honolulu, Hawaii, May
Paper presented: "Developing a Market-Based Monetary Policy Transparency Index and Testing Its Impact on Risk and Volatility in the United States"
2006
Paper presented: “Developing a Market-Based Monetary Policy Transparency Index and Testing Its Impact on Risk and Volatility in the United States”, at the London School of Economics, February
2005
Paper presented: “Overnight Monetary Policy in the United States: Active or Interest-Rate Smoothing?”, at Franklin & Marshall College, Economics Department Seminar, December
Paper presented: “Developing a Market-Based Monetary Policy Transparency Index and Testing Its Impact on Risk and Volatility in the United States”, at SUNY at Canton, School of Business and Public Service Seminar, May
2004
21st Symposium on Banking and Monetary Economics, Nice, France, June Presenter, chair and discussant Paper presented: “Modeling Money Demand under the Profit-Sharing Banking Scheme: Evidence on Policy Invariance and Long-Run Stability”
Canadian Economics Association, Ryerson University, Toronto, June Presenter, co-author, chair and discussant Papers presented: “Market-Based Monetary Policy Transparency Index, Risk and Volatility – The Case of the United States” and “Modeling Money Demand under the Profit-Sharing Banking Scheme: Evidence on Policy Invariance and Long-Run Stability”
Paper presented: “Economic Policies and Demand for Money: Evidence from Canada”, at Thompson Rivers University, Department of Economics Seminar, April
2003
Canadian Economics Association, Carleton University, Ottawa, June
Presenter and discussant
Paper presented: “Economic Policies and Demand for Money: Evidence from Canada”
2001
Canadian Economics Association, McGill University, Montréal, June
Presenter and discussant
Paper presented: “Forward-Looking Agents and Macroeconomic Determinants of the Equity
Price in a Small Open Economy”
1998
Paper presented: “Overnight Covered Interest Parity: Theory and Practice”, at University College of the Cariboo, Department of Economics Seminar, April
1996
Canadian Economics Association, Brock University, St. Catharines, June
Presenter and discussant
Paper presented: "Day-of-the-Week Effect and the Overnight Money Market Efficiency"
1993
Canadian Economics Association, Carleton University, Ottawa, June
Presenter and discussant
Paper presented: "Long Run Overnight Covered Interest Parity - Theory and Practice"
1987
Canadian Economics Association, McMaster University, Hamilton, June
Presenter and discussant
Paper presented: "Regional Policies in a Depressed Region of Canada: How Successful”
1983
Canadian Economics Association, University of British Columbia, Vancouver, June
Paper presented: "Positive Rate of Return, Stationary Economy and Efficiency"