Kia, Amir
Title:
Professor & The Wallace R. Woodbury Professorship in Economics
Office:
WB 203
Phone:
801-863-6898
Fax:
801-863-8060
Mail Code:
280
Last Updated: 8/20/14 -

Amir Kia
Professor & The Wallace R. Woodbury Professorship in Economics
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

"Faculty Excellence Award", Utah Valley University, received in April 2010

The Wallace R. Woodbury Professorship in Economics, Utah Valley University, received in August 2009

"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) - 2002-2012
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, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014

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, Emerging Markets Finance and Trade, 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, Quarterly Review of Economics and Finance, The Journal of Business Inquiry and Journal of KAU Islamic Economics, World Applied Sciences Journal, International Journal of Islamic and Middle Eastern Finance and Management, International Journal of Islamic and Middle Eastern Finance and Management, Public Finance Review

SUPERVISION AND EXAMINING

Supervisor:

Heath Perkins, August 2013-December 2013, Finance and Economics Department, Utah Valley University, Direct Reading ECON 4960
 
Ira Kimball Hall, January 2013-April 2013, Finance and Economics Department, Utah Valley University, Direct Reading ECON 4960
 
Andrew Reams, January 2013-April 2013, Finance and Economics Department, Utah Valley University, Direct Reading ECON 4960
 
Skylar Michael Scott, January 2013-April 2013, Finance and Economics Department, Utah Valley University, Direct Reading ECON 4960

Holly Sue Hatfield, August 2010-December 2010, Finance and Economics Department, Utah Valley University, Direct Reading ECON 4960

Andrew Aagard, August 2010-December 2010, Finance and Economics Department, Utah Valley University, Direct Reading ECON 4960

David Cowley, January-April, Finance and Economics Department, Utah Valley University, Direct Reading ECON 4960

Brent Kenney, August 2008-April 2009, Finance and Economics Department Utah Valley University, Direct Reading ECON 4960

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

SERVICES OF CITIZENSHIP ACTIVITIES

Organizing and Managing UVU Conference on Religious Faith and Social and Applied Sciences, October 2012 - December 2013

Organizing and Managing UVU Woodbury School of Business Working Paper Series, Fall 2006 - Current

Organizing and Managing UVU Woodbury School of Business Seminars, Fall 2006 - Spring 2012

Member of the Faculty Development Committee, Woodbury School of Business, UVU, Academic year 2010-Current

Member of UVU Senate, Fall 2007-Spring 2010

Chair of the Faculty Development Committee, Woodbury School of Business, UVU, Academic year 2007-2008

Member of the Graduate Program Development Committee, Woodbury School of Business, UVU, January 2007-September 2007

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
Woodbury School of Business
Finance and Economics Department
Orem, UT 84058-5999 USA
Professor July 2011 - Present
Utah Valley University
Finance and Economics Department
Orem, UT 84058-5999, USA
The Wallace R
Woodbury Professorship in Economics
July 2009 - Present
Utah Valley University
Woodbury School of Business
Finance and Economics Department
Orem, UT 84058-5999 USA
Associate Professor August 2006 - June 2011
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 Professor 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

"Inflation: Islamic and Conventional Economic Systems: Evidence from Small and Large Countries"

"Islamic Economics Rules and the Stock Market: Evidence From the United States"

"The Impact of Monetary Policy Transparency on Risk and Volatility of Interest Rates: Evidence from the United States"

Refereed Publications

"Determinants of the Real Exchange Rate in Oil-producing Countries of MENA: A Panel Data Investigation", co-author with Karim Eslamloueyan, Emerging Markets Finance and Trade, (2014), forthcoming.

"Determinants of the real exchange rate in a small open economy: Evidence from Canada",Journal of International Financial Markets, Institutions & Money (2013), Vol. 23, No. 1, pp.163-178.

"Developing a Market Based Monetary Policy Transparency Index: Evidence from the United States", Economic Issues, (2011), Vol. 16, Part 2, pp. 53-79

"Analyzing the Fiscal Process Under a Stochastic Environment: Evidence From Egypt";, co authoring with Norman Gardner, Journal of North African Studies, (2011), Vol. 16, No. 1, March, pp. 19-30.

"Money, Deficits, Debts and Inflation in Emerging Countries: Evidence from Turkey", The Global Review of Accounting and Finance, (2010), Vol. 1, No. 1, pp. 136-151

"Overnight Monetary Policy in the United States: Active or Interest-Rate Smoothing?", Journal of Macroeconomics (2010), Volume 32, pp. 378-391.

"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

2013

Albuquerque, NM, March

Presenter, Chair and Discussant

Paper Presented: "The Impact of Monetary Policy Transparency on Risk and Volatility of Interest Rates: Evidence from the United States"

2012

9th AGBA (Academy for Global Business Advancement), Ajman, UAE, March

Presenter

Paper Presented: "The Impact of Monetary Policy Transparency on Risk and Volatility of Interest Rates: Evidence from the United States"

Ethics in Business and Law, Utah Valley University Orem, Utah, USA, January

Presenter

Paper Presented: "The Impact of Monetary Policy Transparency on Risk and Volatility of Interest Rates: Evidence from the United States"

2011

Canadian Economics Association, University of Ottawa, Ottawa, Ontario, June

Presenter, chair and discussant

Paper presented: "Developing a Market-Based Monetary Policy Transparency Index: Evidence from the United States"?

2010

Canadian Economics Association, Laval University, Québec City, May

Paper presented: "Determinants of the Real Exchange Rate in a Small Open Economy: Evidence from Canada"

2009

Canadian Economics Association,Ryerson University, Toronto, May
Presenter, chair and discussant
Paper presented: "Money, Deficits, Debts and Inflation in Emerging Countries: Evidence from Turkey"

International Conference on Policy Modeling (EcoMod 2009), University of Ottawa, June
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, Cairo, Egypt, November
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"