Duc Khuong Nguyen, Ph.D., HDR. ______________________________________________
Duc Khuong Nguyen, Ph.D., HDR. Professor of Finance Deputy Director for Research IPAG Business School 184 Boulevard Saint-Germain, 75006 Paris, France Email: [email protected] Homepage: http://nguyenduckhuong.com/ Selected works: http://works.bepress.com/duckhuong_nguyen/ ______________________________________________ Associate Researcher in Finance Centre d’Economie de la Sorbonne (CES) - UMR-8174 CNRS University of Paris 1 Panthéon-Sorbonne Wednesday, November 05, 2014 EDUCATION “Leaders in Development” program, John F. Kennedy School of Government Executive Education, Harvard University, 2013 HDR (Habilitation for Supervising Scientific Research) in Management Science, University of Cergy-Pontoise, 2009 PhD. Finance, Summa Cum Laude, University of Grenoble 2, 2005 MSc in Financial Management, University of Grenoble 2, 2001 University diploma, ranked No. 1, Hanoi University of Commerce, 2000 HDR Dissertation Title: Research in Emerging Market Finance: Theory and Empirical Evidence Date of dissertation defense: June 27, 2009 Ph.D. Dissertation Title: Empirical Analysis of the Impacts of Financial Liberalization on Emerging Stock Markets Date of dissertation defense: July 6, 2005. PROFESSIONAL EXPERIENCE Teaching experience Dec. 2012 – present: Professor of Finance & Deputy Director for Research, IPAG Business School Sept. 2006 – Dec. 2012: Professor of Finance & Chair of the Dept. of Finance and Information Systems, ISC Paris School of Management Sept. 2011 – present: University Lecturer in Finance, University of Paris 1 Panthéon-Sorbonne Sept. 2005 – Aug. 2006: Lecturer in Finance, IAE Grenoble, University of Grenoble 2 Pierre Mendès France Dec. 2003 – June 2005: Assistant Professor, EM Lyon Business School Dec. 2004 – Feb. 2005: Course Instructor, Ecole Centrale de Lyon 1|Page Other positions and fellowships Editorial Boards December-2014-: Subject Editor, Emerging Markets Review September 2014-: Co-Editor, Energy Studies Review August 2014-: Associate Editor, International Review of Financial Analysis Sept. 2014-: Associate Editor, Research in International Business and Finance 2016 Guest Editorships Guest Editor, Special issue of Energy Economics on “Energy, Commodity, and Finance” (with Anna Creti, Marc Joets, Lutz Kilian, and Matteo Manera) Guest Editor, Special issue of Emerging Markets Review on “Deregulation and the Internationalization of Emerging Financial Markets” (with Sabri Boubaker) Guest Editor, Special issue of International Review of Financial Analysis (with M. Shahid Ebrahim) Guest Editor, Special issue of Journal of Multinational Financial Management on “Corporate Governance Issues of Multinational Firms” 2015 Guest Editorships Guest Editor, Special issue of Review of Quantitative Finance and Accounting on “Financial Management in Asia” (with Thu Thuy Nguyen) Guest Editor, Special issue of Research in International Business and Finance (with Sabri Boubaker) Guest Editor, Special issue of Journal of Risk Finance (with Sabri Boubaker) Guest Editor, Special issue of Energy Policy on “Markets’ Financialization, Risk Spillovers, Pricing Models and Their Relevance to Energy Policy” (with Anna Creti) 2014 Guest editorships Guest Editor, Special issue of Economic Modelling on “Rethinking Risks in International Financial Markets: Modeling Tools and Applications” Guest Editor, Special issue of the North American Journal of Economics and Finance on “Global imbalances and dynamics of international financial markets” – 2014 (with Shawkat Hammoudeh) Guest Editor, Special issue of European Journal of Comparative Economics “The Economics of Energy and Climate Change” – 2014 Guest Editor, Special issue of the Energy Studies Review on “Energy and Sustainable Development” – 2014 (with Julien Chevalier) Guest Editor, Special issue of International Review of Financial Analysis “New Perspectives in International Financial Management” – 2014 (with Sabri Boubaker and Walid Saffar) Guest Editor, Special issue of Bankers, Markets and Investors on “Financial Management in Europe” – 2014 (with Sabri Boubaker) 2013 Guest editorships Guest Editor, Special issue of the Energy Studies Review on “Finance and Energy Issues” – 2013 (with Anna Creti) Professional memberships Board Member, Asian Finance Association, 2014-2016 2|Page Secretary-General, Vietnam Finance Association International, 2014-2015 President, Vietnam Finance Association International, 2012-2014 Member, Society for Financial Studies, 2013Member, Editorial Council, DEPOCEN Working Paper Series Member, French Finance Association (AFFI) Member, European Finance Association (EFA) Member, International Association for Energy Economics (IAEE), 2012Member, Asian Shadow Financial Regulatory Committee, 2012- Conference organizations Scientific Committee Member, 2015 International Finance and Banking Society (June 2015, Hangzhou, China) Co-Chair, 2015 Vietnam International Conference in Finance (June 2015, Ho Chi Minh city, Vietnam) Co-Chair, 2014 International Symposium on Energy and Finance Issues (March 2015, Paris, France) Co-Chair, 2014 Paris Financial Management Conference (Dec. 2014, Paris, France) Co-Chair, 2014 International Conference on Business and Management (July 2014, Nice, France) Co-Chair, 2014 Vietnam International Conference in Finance (June 2014, Hanoi, Vietnam) Co-Chair, 2014 International Symposium on Energy and Finance Issues (March 2014, Paris, France) Co-Chair, 2013 Paris Financial Management Conference (Dec. 2013, Paris, France) Co-Chair, 7th International Finance Conference (March 2013, Paris, France) Member, Scientific Committee, 1st International Symposium on Energy and Finance Issues, 1 March 2013 (Paris, France) Co-Chair, Workshop in Islamic Banking and Finance (Oct. 2012, Paris, France) Member, Organizing Committee, IFSAM, 8-10 July 2010 (Paris, France) Member, Organizing Committee, 1st International Symposium in Computational Economics and Finance (25-27 February 2010, Tunisia) Member, Organizing Committee, 5th International Finance Conference (March 2009, Hammamet, Tunisia) Member, Scientific Committee, 4th International Finance Conference (March 2007, Hammamet, Tunisia) Visiting Researcher, Center of Research in Economics and Finance (CRéFi), HEC Montreal Business School, Canada, October 2003-November 2003 SCHOLARSHIPS, DISTINCTIONS AND AWARDS Best Paper Award (Finance), Economic Research Forum, Kuwait, March 3-5, 2013 Biography cited in Who’s Who in the World, 30th Edition, 2013 Biography cited in Who’s Who in the World, 29th Edition, 2012 Award for Outstanding Performance, Union of Vietnam Youth Associations, 2010 Certificate of Outstanding Performance, Vietnam’s Ministry of Foreign Affairs, 2009 AUF scholarships for Master Studies 3|Page PUBLICATIONS Research areas Behavioral and Corporate Finance Financial Markets, Institutions and Money Market and Economic Integration Extreme Value and Portfolio Risk Management Financial Econometrics International Trade and Finance Economics of Energy Commodities Markets Articles in peer-reviewed journals (selected recent publications) 1. “Are Stock Prices Related to Political Uncertainty Index? Bootstrap Panel Causality Test”, with Tsangyao Chang, Wen-Yi Chen, and Rangan Gupta, Economic Systems, forthcoming, 2014. 2. “Short-Term Overreaction to Specific Events: Evidence from an Emerging Market”, with Hisham Farag and Sabri Boubaker, Research in International Business and Finance, forthcoming, 2014. 3. “Dynamic Dependence of the Global Islamic Equity Index with Global Conventional Equity Market Indices and Risk Factors”, with Walid Mensi, Shawkat Hammoudeh, and Juan Carlos Reboredo, Pacific-Basin Finance Journal, Vol. 30, pp. 189-206, 2014. 4. ‘‘World Gold Prices and Stock Returns in China: Insights for Hedging and Diversification Strategies’’, with Mohamed Arouri and Amine Lahiani, Economic Modelling, forthcoming, 2014. 5. “Can Economic Uncertainty, Financial Stress and Consumer Sentiments Predict U.S. Equity Premium?”, with Rangan Gupta, Shawkat Hammoudeh, and Mampho P. Modise, Journal of International Financial Markets, Institutions and Money, Vol. 33, pp. 367378, 2014. 6. “Instabilities in the Relationships and Hedging Strategies between Crude Oil and US Stock Markets: Do Long Memory and Asymmetry Matter?”, with Walid Chkili and Chaker Aloui, Journal of International Financial Markets, Institutions and Money, Vol. 33, pp. 354-366, 2014. 7. “Conditional Dependence of Stock and Commodity Futures Markets in China: Implications for Portfolio Investment”, with Shawkat Hammoudeh, Juan Carlos Reboredo, and Xiaoqian Wen, Emerging Markets Review, Vol. 21, pp. 183-200, 2014. 8. “Financial Linkages between U.S. Sector Credit Default Swaps Markets”, with Mohamed Arouri, Shawkat Hammoudeh, and Fredj Jawadi, Journal of International Financial Markets, Institutions and Money, Vol. 33, pp., 223-243, 2014. 9. “What Explain the Short-term Dynamics of the Prices of CO2 Emissions?”, with Shawkat Hammoudeh and Ricardo Sousa, Energy Economics, Vol. 46, pp. 122-135, 2014. 10.“Causal Interactions between CO2 Emissions, Foreign Direct Investment, and Economic Growth: Evidence from Dynamic Simultaneous-Equation Models”, with Anis Omri and Christophe Rault, Economic Modelling, Vol. 42, pp. 382-389, 2014. 4|Page 11.“On the Determinants of Renewable Energy Consumption: International Evidence”, with Anis Omri, Energy, Vol. 72, August, pp. 554-560, 2014. 12.“Policy Uncertainty and Performance Characteristics of Sustainable Investments across Regions around the Global Financial Crisis”, with Hooi Hooi Lean, Applied Financial Economics, Vol. 24, pp. 1367-1373. 13.“Overview of the Special Issue on Rethinking Risks in International Financial Markets: Modeling Tools and Applications”, Economic Modelling, Vol. 40, pp. 367-368, 2014. 14.“Energy Prices and CO2 Emission Allowance Prices: A Quantile Regression Approach”, with Shawkat Hammoudeh and Ricardo Sousa, Energy Policy, Vol. 70, pp. 201-206, 2014. 15.“Do Global Factors Impact BRICS Stock Markets? A Quantile Regression Approach”, with Walid Mensi, Shawkat Hammoudeh, and Juan Carlos Reboredo, Emerging Markets Review, Vol. 19, pp. 1-17, 2014. 16.“Dynamic Spillovers between World Oil and Cereal Commodity Prices”, with Walid Mensi, Shawkat Hammoudeh, and Seong-Min Yoon, Energy Economics, Vol. 43, pp. 225-243, 2014. 17.“On the Detection of Extreme Movements and Persistent Behavior in Mediterranean Stock Markets: a Wavelet-based Approach”, with Chaker Aloui, Applied Economics, Vol. 44, No. 22, pp. 2611-2622, 2014. 18. “Oil Prices and MENA Stock Markets: New Evidence from Nonlinear and Asymmetric Causalities during and after the Crisis Period”, with Ahdi Noomen Ajmi, Shawkat Hammoudeh, and Ghassen El Montasser, Applied Economics, Vol. 46, No. 18, pp. 2167-2177, 2014. 19.“Dependence and Extreme Dependence of Crude Oil and Natural Gas Prices with Applications to Risk Management”, with Riadh Aloui, Safouane Ben Aïssa, and Shawkat Hammoudeh, Energy Economics, Vol. 42, pp. 332-342, 2014. 20.“Cross-market Dynamics and Optimal Portfolio Strategies in Latin American Equity Markets”, with Mohamed Arouri and Amine Lahiani, European Business Review, forthcoming, 2014. 21.“Time-varying Regional Integration of Stock Markets in Southeast Europe”, with Khaled Guesmi, Applied Economics, Vol. 46, No. 11, pp. 1279-1290, 2014. 22.“Exchange Rate Movements and Stock Market Returns in a Regime-switching Environment: Evidence for BRICS Countries”, with Walid Chkili, Research in International Business and Finance, Vol. 31, pp. 46-56, 2014. 23.“How Strong are the Causal Relationships between Islamic Stock Markets and Conventional Financial Systems? Evidence from Linear and Nonlinear Tests”, with Ahdi Noomen Ajmi, Shawkat Hammoudeh and Soodabeh Sarafrazi, Journal of International Financial Markets, Institutions and Money, Vol. 28, pp. 213-227, 2014. 24.‘‘Volatility Forecasting and Risk Management for Commodity Markets in the Presence of Asymmetry and Long Memory’’, with Walid Chkili and Shawkat Hammoudeh, Energy Economics, Vol. 41, pp. 1-18, 2014. 25.“Asymmetric and Nonlinear Pass-through of Crude Oil Prices to Gasoline and Natural Gas Prices”, with Ahmed Atil and Amine Lahiani, Energy Policy, Vol. 65, pp. 567573, 2014. 5|Page 26.“Further Evidence on the Determinants of Regional Stock Market Integration in Latin America”, with Khaled Guesmi and Frédéric Teulon, European Journal of Comparative Economics, Vol. 3, 2013. 27.“On Short- and Long-run Efficiency of Energy and Precious Metal Markets”, with Mohamed Arouri, Shawkat Hammoudeh, and Amine Lahiani, Energy Economics, Vol. 40, November, pp. 832-844, 2013. 28.“Testing the Relationships between Energy Consumption and Income in G7 Countries with Nonlinear Causality Tests”, with Ahdi Noomen Ajmi and Ghassen El Montasser, Economic Modelling, Vol. 35, September, pp. 126-133, 2013. 29.‘‘A Time-varying Copula Approach to Oil and Stock Market Dependence: the Case of Transition Economies’’, with Riadh Aloui and Shawkat Hammoudeh, Energy Economics, Vol. 39, pp. 208-221, 2013. 30.“What Can We Tell about Monetary Policy Synchronization and Interdependence over the 2007-2009 Global Financial Crisis?”, with Fredj Jawadi and Mohamed Arouri, Journal of Macroeconomics, Vol. 36, June, pp. 175-187, 2013. 31.“Does the Board of Directors Affect Cash Holding? A Study of French Listed Firms”, with Sabri Boubaker and Imen Derouiche, Journal of Management and Governance, forthcoming, 2013. 32.‘‘Equity Market Comovements and Financial Contagion: A Study of the Latin America and United States’’, with Mohamed Arouri and Amine Lahiani, Bankers, Markets and Investors, No. 126, September-October, 2013. 33.“Conditional Dependence Structure between Oil Prices and Exchange Rates: A Copula-GARCH Approach”, with Riadh Aloui and Mohamed Ben Aïssa, Journal of International Money and Finance, Vol. 32, No. 2, pp. 719-738, 2013. 34.“Information Technology Sector and Equity Markets: An Empirical Investigation”, with Fredj Jawadi, Nabila Jawadi and Hassan Obeid, Applied Financial Economics, Vol. 23, No. 9, pp. 729-737, 2013. 35.“Further Evidence on the Time-varying Efficiency of Crude Oil Markets”, with Chaker Aloui, Manel Hamdi and Walid Mensi, Energy Studies Review, Vol. 19, No. 2, 38-51, 2013. 36.“Assessing the Impacts of Oil Price Fluctuations on Stock Returns in Emerging Markets”, with Chaker Aloui and Hassen Njeh, Economic Modelling, Vol. 29, No. 6, pp. 2686-2695, 2012. 37.‘‘An International CAPM for Partially Integrated Markets: Theory and Empirical Evidence’’, with Mohamed Arouri and Kuntara Pukthuanthong, Journal of Banking and Finance, Vol. 36, No. 9, pp. 2473-2493, 2012. 38.“Modeling Nonlinear and Heterogeneous Dynamic Linkages in International Monetary Markets”, with Mohamed Arouri and Fredj Jawadi, Macroeconomic Dynamics, Vol. 16, S2, pp. 232-251, 2012. 39.“Long Memory and Structural Breaks in Modeling the Return and Volatility Dynamics of Precious Metals”, with Mohamed Arouri, Shawkat Hammoudeh and Amine Lahiani, Quarterly Journal of Economics and Finance, Vol. 52, No. 2, pp. 207-218, 2012. 40.‘‘Crude Oil Market Efficiency: an Empirical Approach via Shannon Entropy’’, with Walid Mensi, Manel Hamdi and Chaker Aloui, International Economics/Economie Internationale, No. 129, pp. 119-137. 6|Page 41.“Asymmetric Effects and Long Memory in Dynamic Volatility Relationships between Stock Returns and Exchange Rates”, with Walid Chkili and Chaker Aloui, Journal of International Financial Markets, Institutions and Money, Vol. 22, No. 4, pp. 738757, 2012. 42.“Nonlinearities in Carbon Spot-Futures Price Relationships during Phase II of the EU ETS”, with Mohamed Arouri and Fredj Jawadi, Economic Modelling, Vol. 29, No. 3, pp. 884-892, 2012. 43.“On the Relationships between World Oil Prices and GCC Stock Markets”, with Mohamed Arouri, Jamel Jouini, Nhu Tuyen Le, Journal of Quantitative Economics, Vol. 10, No. 1, pp. 98-120, 2012. 44.‘‘Forecasting the Conditional Volatility of Oil Spot and Futures Prices with Structural Breaks and Long Memory Models’’, with Mohamed Arouri, Amine Lahiani, and Aldo Lévy, Energy Economics, Vol. 34, No. 1, pp. 283-293, 2012. 45.“On the Impacts of Oil Price Fluctuations on European Equity Markets: Volatility Spillover and Hedging Effectiveness”, with Mohamed Arouri and Jamel Jouini, Energy Economics, Vol. 34, No. 2, pp. 611-617, 2012. 46.“Relevance of Fair Value Accounting for Financial Instruments: Some French Evidence”, with Mohamed Arouri, Mondher Bellalah, and Nessrine Ben Hamida, International Journal of Business, Vol. 17, No. 2, 2012. 47.“Did the Securitization contribute to the Release of the Subprime Crisis? Empirical Investigation of American Banks”, with Ons El Gaied, Chaker Aloui, and Oussama Ben Salha, International Journal of Business, Vol. 17, No. 1, pp. 81-97, 2012. 48.“On Volatility Spillovers between Oil Prices and Stock Sector Returns: Implications for Portfolio Management”, with Mohamed Arouri and Jamel Jouini, Journal of International Money and Finance, Vol. 30, No. 7, pp. 1387-1405, 2011. 49.“How Strong is the Global Integration of Emerging Market Regions? An Empirical Assessment”, with Khaled Guesmi, Economic Modelling, Vol. 28, No. 6, pp. 2517-2527, 2011. 50.“Return and Volatility Transmission between World Oil Prices and Stock Markets of the GCC Countries”, with Mohamed Arouri and Amine Lahiani, Economic Modelling, Vol. 28, No. 4, pp. 1815-1825, 2011. 51.“Further Evidence on the Responses of Stock Prices in GCC Countries to Oil Price Shocks”, with Mohamed Arouri and Mondher Bellalah, International Journal of Business, Vol. 16, No. 1, pp. 89-102, 2011. 52.“Global Financial Crisis, Extreme Interdependences, and Contagion Effects: The Role of Economic Structure?”, with Riadh Aloui and Safouane Ben Aïssa, Journal of Banking and Finance, Vol. 35, No. 1, pp. 130-141, 2011. 53.“Stock Returns and Oil Price Fluctuations: Short- and Long-Run Analysis in the GCC Context”, with Mohamed Arouri, International Journal of Global Energy Issues, Vol. 33, No. 3&4, 121-138, 2010. 54.‘‘Time-varying Predictability in Crude Oil Markets: The Case of GCC Countries’’, with Mohamed Arouri and Thanh Huong Dinh, Energy Policy, Vol. 38, No. 8, pp. 4371-4380, 2010. 7|Page 55.“Oil Prices, Stock Markets and Portfolio Investment: Evidence from Sector Analysis in Europe over the Last Decade”, with Mohamed Arouri, Energy Policy, Vol. 38, No. 8, pp. 4528-4539, 2010. 56.‘‘Efficiency and Threshold Stock Price Adjustment: The American Stock Market Case’’, with Mohamed Arouri and Fredj Jawadi, Bankers, Markets and Investors, No. 105, pp. 39-45, 2010. 57.‘‘Time-varying Characteristics of Cross-market Linkages with Empirical Applications to Arabian Stock Markets’’, with Mohamed Arouri, Managerial Finance, Vol. 36, No. 1, pp. 57-70, 2010. 58.“The Comovements in International Stock Markets: Evidence from Latin American Emerging Countries”, with Mohamed Arouri and Mondher Bellalah, Applied Economics Letters, Vol. 17, No. 13, pp. 1323-1328, 2010. 59.‘‘Stock Market Integration in Mexico and Argentina: Are Short and Long-run Considerations Different?’’, with Fredj Jawadi and Mohamed Arouri, Applied Economics Letters, Vol. 17, No. 15, pp. 1503-1507, 2010. 60.‘‘La Dynamique de la Volatilité Boursière autour de l’Ouverture des Marchés de Capitaux’’, Economie & Prévision, Vol. 192, No. 1, pp. 65-82, 2010. 61.“Global Financial Crisis, Liquidity Pressure in Stock Markets and Efficiency of Central Bank Interventions”, with Mohamed Arouri and Fredj Jawadi, Applied Financial Economics, Vol. 20, No. 8, pp. 669-680, 2010. 62.“Stock Market Integration in the EURO Area: Segmentation or Linear Modeling Misspecification?”, with Mohamed Arouri and Fredj Jawadi, International Journal of Business, Vol. 15, No. 3, pp. 307-317, 2010. 63.“Stock Market Liberalization, Structural Breaks and Dynamic Changes in Emerging Market Volatility”, with Mondher Bellalah, Review of Accounting and Finance, Vol. 7, No. 4, pp. 396-411, 2008. 64.“Underreaction and Overreaction around Earnings Announcements: An Experimental Study”, with Thanh Huong Dinh, Bankers, Markets and Investors, No. 97, pp. 31-42, 2008. 65.“Stock Market Liberalization and Informational Efficiency in Emerging Markets: New Consideration and Tests”, with Patrice Fontaine, Bankers, Markets and Investors, No. 84, pp. 6-17, 2006. Books Financial Liberalization and Emerging Stock Markets, Economics Series, L’Harmattan Eds., France, April 2008 (in French), 373 pages. The Dynamics of Emerging Stock Markets: Empirical Assessments and Implications, with M. Arouri and F. Jawadi, Series Contributions to Management Science, Springer Physica-Verlag Eds., Germany, January 2010, 205 pages. Financial Integration and Asset Pricing, with M. Arouri and F. Jawadi, Hermes Science Publishing, UK (in French), May 2010, 259 pages. Corporate Governance: Recent Developments and New Trends, co-edited with S. Boubaker and Bang D. Nguyen, Springer Physica-Verlag, Germany, 2012, 432 pages. 8|Page Board Directors and Corporate Social Responsibility (Eds.), with S. Boubaker, Series Business and Management, Palgrave Macmillan, UK, 2012, 304 pages. Emerging Markets and the Global Economy (Eds.), with M. Arouri and S. Boubaker, Elsevier, USA, 2013, 928 pages. Corporate Governance in Emerging Markets: Theories, Practices and Cases (Eds.), with Sabri Boubaker, Springer Physica-Verlag, Germany, 2014, 610 pages. Corporate Governance and Corporate Social Responsibility: Emerging Markets Focus, with Sabri Boubaker, World Scientific Publishing, USA, 2014, 610 pages. Chapters in edited books 1. “Extreme Comovements and Risk Management in Petroleum Markets”, with Riadh Aloui and Mohamed Safouane Ben Aïssa, in C. Wehn et al. (Eds.), Rethinking Valuation and Pricing Models: Lessons Learned from the Crisis and Future Challenges, Elsevier, 2012. 2. ‘‘Are Short Selling Restrictions Good? A Look on European Markets’’, with Mohamed Arouri and Fredj Jawadi, in G.N. Gregoriou (Eds.), Handbook of Short Selling, Elsevier, 2011. 3. ‘‘Nonlinear Cointegration and Nonlinear Error Correction Models: Theory and Empirical Applications for Oil and Stock Markets’’, with Mohamed Arouri and Fredj Jawadi, in G.N. Gregoriou and R. Pascalau (Eds.), Nonlinear Financial Econometrics: Markov Switching Models, Persistence and Nonlinear Cointegration, Palgrave Macmillan, 2010, pp. 171-193. 4. ‘‘Nonlinear Shift Contagion Modeling: Further Evidence from High Frequency Stock Data’’, with Mohamed Arouri, Fredj Jawadi and Wael Louhichi, in G.N. Gregoriou et R. Pascalau (Eds.), Nonlinear Financial Econometrics: Markov Switching Models, Persistence and Nonlinear Cointegration, Palgrave Macmillan, 2010, pp. 143-160. 5. ‘‘Technical Analysis in Turbulent Financial Markets: Does Nonlinearity Assist?’’, with Mohamed Arouri and Fredj Jawadi, in G.N. Gregoriou (Eds.), Handbook of Trading: Strategies for Navigating and Profiting from Currency, Bond, and Stock Markets, McGrawHill, 2010, pp. 141-154. 6. ‘‘Emerging Stock Markets and the Current Financial Crisis: Emergence of a New Puzzle’’, with Mohamed Arouri and Fredj Jawadi, Chapter 17 in G.N. Gregoriou (Eds.), Banking Crisis Handbook, Chapman Hall/Taylor and Francis, 2009, pp. 317-334. 7. ‘‘A Study of Market Integration, Share Price Responses and Global Portfolio Investments in the MENA Region’’, with Mohamed Arouri, in Greg N. Gregoriou (Eds.), Emerging Markets: Performance, Analysis and Innovation, Chapman Hall/Taylor and Francis, 2009, pp. 399-416. 8. “Does Macroeconomic Transparency Help Governments be Solvent? Evidence from Recent Data”, with Ramzi Mallat, in M. Bellalah et al. (Eds.), Risk Management and Value: Valuation and Asset Pricing, World Scientific Studies in International Economics, Vol. 7, World Scientific Publishing, 2008, pp. 615-632. 9. “Market Deregulations, Volatility and Spillover Effects: Experiences from Emerging Stock Markets”, Chapter 6 in S.Motamen-Samadian (Eds.), Governance and Risk in Emerging and Global Markets, pp. 89-120, Palgrave Macmillan, 2005, pp. 89-120. 9|Page OTHER ACADEMIC EXPERIENCE Ph.D. thesis committees Referee for Juliana CAICEDO LLANO (Dec. 2009), “Emerging Stock Markets: Analysis of Return Dynamics and Investment Strategies”, Ph.D. Thesis submitted to the University of Paris Ouest La Défense-Nanterre under the supervision of Prof. Catherine Bruneau. Referee for Kais FADHLAOUI (Dec. 2010), “International Diversification, Financial Integration, and Contagion Effects: The Merits of Emerging Markets”, Ph.D. Thesis submitted to the University of Picardie Jules Verne under the supervision of Prof. Makram Bellalah. Referee for Kateryna SHAPOVALOVA (April 2011), “Company Fundamentals, Macroeconomic Factors, and Asset Pricing”, Ph.D. Thesis submitted to the University of Paris 1 Panthéon-Sorbonne under the supervision of Prof. Thierry Chauveau. External Examiner for Quang Thong TRUONG (December 2011), “Banking Competition and SMEs Financing – the Case of Vietnam”, Ph.D. Thesis submitted to the University of Paris 1 Panthéon-Sorbonne under the supervision of Prof. Cuong Le Van. Referee for Bao Ngoc DINH (January 2012), “Sovereign Wealth Funds: Strategies, Performance and Impacts”, Ph.D. Thesis submitted to the University of Grenoble 2 under the supervision of Prof. Patrice Fontaine. Referee for Mai Lan NGUYEN (November 2012), “Financial Contagion and Interactions between Financial Markets during Global Crises”, Ph.D. Thesis submitted to the University of Rennes 1 under the supervision of Prof. Franck Martin. Referee for Saoussen JEBRI (January 2013), “Performance of Hedge Funds and Evolution of Financial Markets”, Ph.D. Thesis submitted to the University of Paris Ouest La Défense-Nanterre under the supervision of Prof. Sandrine Lardic. Referee for Ngoc Anh NGUYEN (July 2013), “Ethnic identity, socialization factors and their impacts on ethnic consumption behavior and ethic food consumption in France”, Ph.D. Thesis submitted to the University of Evry & Telecom Ecole de Management under the supervision of Prof. Chantal Ammi. Referee for Hanan JAFFAL (July 2013), “Hedging with Portfolios of Bonds and/or Swaps and Optimization”, Ph.D. Thesis submitted to the University of Havre under the supervision of Prof. Yves Rakotondratsimba and Prof. Adnan Yassine. Referee for Rudy DACCACHE (June 2014), “Interest Rate and Liquidity Management for Lebanese Commercial Banks”, Ph.D. Thesis submitted to the University of Lyon 1 under the supervision of Prof. Christian Robert. Ph.D. Students under supervision Dinh Tri VO (2012-2015), “Enterprise Risk Management”, University of Evry, co-adviser with Fredj Jawadi. Anh Duy NGUYEN (2013-2016), “Complexity in Financial Markets”, University of Auvergne, co-advisor with Mohamed Arouri. 10 | P a g e Jean-Baptiste HASSE (2014-2017), “Risk Measures and Extreme Value Theory: Modeling Tools and Applications in Financial Economics”, University of Evry, co-advisor with Eric Paget Blanc. Faculty exchanges and invited lectures Invited lectures on Oil Shock and Stock Markets at the Poznan School of Banking, Poland (March, 2011). Invited lectures on Emerging Market and International Finance at the Graduate School of Management, Group ESC Clermont, France (January 2010). Invited lectures on Emerging Market Finance at the Graduate School of Management, Group ESC Clermont, France (February 2009). Faculty exchange at the School of Business and School of Law, International Seminars, San Pablo CEU, Spain (April 2009). Faculty exchange at the Westminster Business School, International Week, UK (February 2008). Referee positions for peer-reviewed journals Applied Economics, Bulletin of Economic Research, Computers and Operations Research, Economics Letters, Economic Change and Restructuring, Economic Modelling, Economic Systems, Emerging Markets Review, Emerging Markets Trade and Finance, Empirical Economics, Energy Economics, Energy Policy, European Journal of Comparative Economics, European Journal of Finance, International Journal of Business, International Economics, International Journal of Hospitality Management, International Review of Financial Analysis, Journal of Banking and Finance, Journal of Economics and Business, Journal of Empirical Finance, Journal of International Financial Markets, Institutions and Money, Journal of International Money and Finance, Journal of Macroeconomics, Journal of the Operational Research Society, Macroeconomic Dynamics, Managerial Finance, North American Journal of Economics and Finance, Quantitative Finance, Quarterly Review of Economics and Finance, Review of International Economics, Review of Middle East Economics and Finance, Revue d’Economie Politique, Studies in Nonlinear Dynamics and Econometrics Referee positions for international conferences Midwest Finance Association 2011 Annual Meeting (March 2011) First International Symposium in Computational Economics and Finance, Sousse, Tunisia (February 2010) INFINITI Conference on International Finance, Dublin, Ireland (May 2010) IFSAM Conference, Paris, France (July 2010) PRESENTATIONS IN CONFERENCES AND RESEARCH SEMINARS 1. “Wavelet-based Models for Oil Prices and Exchange Rate Dynamics”, with Chaker Aloui and Rania Jammazi, 2013. Invited Seminar at ESCP Europe, Paris Campus, November 7, 2013 5th International IFABS Conference on “The Search for Financial Stability: Models, Policies and Prospects”, June 26-28, 2013 (Nottingham, UK) 2. ‘‘Diversification Benefits across Asset Classes: A Principal Component Approach”, with Mohamed Arouri and Kuntara Pukthuanthong, 2013. 5th International IFABS Conference on “The Search for Financial Stability: Models, Policies and Prospects”, June 26-28, 2013 (Nottingham, UK) 11 | P a g e 3. ‘‘Carbon Emissions – Income Relationships with Structural Breaks: The Case of the Middle East and North Africa Countries”, with G.E. Montasser and A. Noomen Ajmi, 2013 51th Meeting of the Euro Working Group on Financial Modelling, May 16-18, 2013 (London, UK) 4. “Women on Corporate Boards and Firm Performance: Some Empirical Evidence from France and the United States”, with R. Dang and L.-C. Vo, 2013. 30th French Finance Association Conference, May 28-31, 2013 (Lyon, France) 5. “Extreme Risk Management in Oil and Natural Gas Markets”, with R. Aloui, S. Ben Aïssa, and S. Hammoudeh, 2013. “Women on Corporate Boards and Firm Performance: Some Empirical Evidence from France and the United States”, with R. Dang and L.-C. Vo, 2013. 7th International Finance Conference, March 7-8, 2013 (Paris, France) 6. “A Wavelet-based Copula Approach for Modeling Market Risk in Agricultural Commodity Markets”, with Riadh Aloui and Safouane Ben Aïssa, 2012 4th International IFABS Conference on Rethinking Banking and Finance: Money, Markets and Models, June 18-20, 2012 (Valencia, Spain) 7. “World Gold Prices and Stock Returns in China: Insights for Hedging and Diversification Strategies”, with Mohamed Arouri and Amine Lahiani, 2012 12th Annual Conference of the European Economics and Finance Society, June 14-17, 2012 (Istanbul, Turkey) 8. “On the Short- and Long-run Efficiency of Energy and Precious Metal Markets”, with Mohamed Arouri, and Amine Lahiani, 2012 12th Annual Conference of the European Economics and Finance Society, June 14-17, 2012 (Istanbul, Turkey) 9. “A Note on the Volatility Transmission Between Oil Prices and U.S. Stock Sectors”, with Mohamed Arouri, Shawkat Hammoudeh and Amine Lahiani, 2011 Energy & Finance Conference, October 5-6, 2011 (Rotterdam, Netherlands) 10.“Equity Market Comovements and Financial Contagion: a Study of Latin America and the United States”, with Mohamed Arouri and Amine Lahiani, 2011 3rd Annual American Business Research Conference, June 2011 (New York, USA) 17th Global Finance Conference, June 2010 (Poznan, Poland) 15th Annual Conference of the African Econometric Society, July 2010 (Cairo, Egypt) 11.‘‘Return and Volatility Transmission between World Oil Prices and GCC Stock Markets’’, with Mohamed Arouri and Amine Lahiani, 2011. International Conference on Economic Modelling, June-July 2011 (Azores, Portugal) 12.‘‘An International CAPM for Partially Integrated Markets: Theory and Empirical Evidence’’, with Mohamed Arouri and Kuntara Pukthuanthong, 2011. Financial Management Association 2011 Annual Meeting, October 2011 (Denver, USA) 6th International Finance Conference, March 2011 (Hammamet, Tunisia) 13.“Long Memory in Precious Metal Prices and US Dollar/Euro Exchange Rate Dynamics”, with Mohamed Arouri, Shawkat Hammoudeh and Amine Lahiani, 2010. 85th Annual Conference of the Western Economic Association International, June - July 2010 (Oregon, USA) 14.‘‘Essays in Nonlinear Interest Rate Dynamics Modeling”, M. Arouri, F. Jawadi and D.K. Nguyen 12 | P a g e First International Symposium in Computational Economics and Finance, February 2010 (Sousse, Tunisia) 15.‘‘Value Relevance of Fair Value Accounting and Financial Instability: Some French Evidence’’, N. Ben Hamida and D.K. Nguyen 33th Annual Congress of the European Accounting Association, May 2010 (Istanbul, Turkey) Workshop on Accounting and Economics, June 2010 (Vienna, Austria) 3rd International Conference on Accounting and Finance, August 2010 (Thessaloniki, Greece) 16. ‘‘Forecasting the Conditional Volatility of Oil Spot and Futures Prices with Structural Breaks and Long Memory Models’’, M. Arouri, A. Lahiani and D.K. Nguyen International Conference on Economic Modeling, July 2010 (Istanbul, Turkey) 17.“Short- and Long Term Linkages between Oil and Stock Prices in GCC Countries”, M. Arouri, M. Bellalah and D.K. Nguyen 5th International Finance Conference, March 2009 (Hammamet, Tunisia) 18.“Global Financial Crisis, Liquidity Pressure in Stock Markets and Efficiency of Central Bank Interventions”, M. Arouri, F. Jawadi and D.K. Nguyen Annual London Conference on “Money, Economy and Management”, July 2009 (Imperial College, London, UK) 19.‘‘Did the Current International Financial Crisis Increase Central Bank Synchronization?”, M. Arouri, F. Jawadi and D.K. Nguyen 68th International Atlantic Economic Conference, October 2009 (Boston, Massachusetts, USA) Thematic Meeting of the French Economic Association “Economic Policies in the Aftermath of the Financial Crisis, June 3&4, 2010 (Orléans, France) 27th Symposium on Money, Banking and Finance, June 2010 (Bordeaux, France) 20.‘‘Dynamics of Stock Market Reactions to Central Bank Monetary Policies: Some Evidence from the 2007-2009 Financial Crisis”, M. Arouri, F. Jawadi and D.K. Nguyen 2nd Vietnamese Economists Annual Meetings, November 2009 (Hanoi, Vietnam) 21.‘‘The Global and Regional Factors in the Volatility of Emerging Sovereign Bond Markets’’, T.H. Dinh and D.K. Nguyen International Conference on Applied Business and Economics, October 2007 (Piraeus, Greece) 12th International Conference on Macroeconomic Analysis and International Finance, May 2008 (Crete, Greece) 22.‘‘The Comovements in International Stock Markets: Evidence from Latin American Emerging Countries’’, M. Arouri, M. Bellalah et D.K. Nguyen 6th Research Seminar on the Recent Development of Applied Econometrics in Finance, EconomiX, Université Paris Nanterre, November 2007 (Paris, France) Forecasting Financial Markets, Annual Conference of the Applied Econometrics Association, May 2008 (Aix-en-Provence, France) 23.“Does Macroeconomic Transparency Help Governments be Solvent? Evidence from Recent Data”, R. Mallat and D.K. Nguyen 4th International Finance Conference, March 2007 (Hammamet, Tunisia) 24.“Stock Market Liberalization, Structural Breaks and Dynamic Changes in Emerging Market Volatility”, M. Bellalah and D.K. Nguyen 4th INFINITI Conference in International Finance, June 2007 (Dublin, Ireland) 25.“Liberalization of Emerging Equity Markets and Volatility”, D.K. Nguyen 13 | P a g e European Financial Management Association, May-June 2005 (Milano, Italia) 26.“Market Deregulations, Volatility and Spillover Effects: Evidence from Emerging Stock Markets”, D.K. Nguyen AFFI, December 2004 (Paris, France) International Conference on Emerging Markets and Global Risk Management, June 2004 (London, UK) 27.“The Effect of Capital Market Liberalization on Weak-form Efficiency in Emerging Markets”, P. Fontaine and D.K. Nguyen AFFI, December 2003 (Paris, France) Southwestern Finance Association, Mars 2004 (Florida, USA) COURSES TAUGHT IPAG Business School (Professor) Financial Markets and Bank Management (taught in English), Master of Sciences in International Banking and Finance (IPAG BS and University of Greenwich), 2014-. Major Topics in Finance Theory (taught in English), Master 1 Finance & Control (IPAG BS) ISC Paris School of Management (Professor) Business Statistics (taught in English), International Track, 2006-2007. Financial Accounting (taught in English and French), International Track, 2006-2007 Financial Analysis (taught in English and French), International Track, 2006-present. Management Control (taught in English), International Track, 2006-2007 Financial Markets and Valuations (taught in English), Master International and Corporate Finance, MBA Finance, Treasury and Financial Engineering, 2006-present. Courses taught in other institutions (Invited Lecturer) Master 2 Finance and Control (University of Lyon 2 and Hanoi University of Commerce): Financial Analysis (2009), Corporate Finance and Financial Markets (2010), Corporate Investment and Financing (2012), Finance Theory (2012) Master 1 Quantitative Economics and Management (University Paris 1 PanthéonSorbonne): Corporate Finance IAE, University of Grenoble 2, Sept. 2005-Sept. 2006 (Lecturer) Quantitative Methods, Master 2 CAAE Managers Quantitative Methods, Master 1 Finance Strategic Management Control, Master 2 MSGO Financial Management, 3rd year students Financial Management and Accounting, 3rd year students, INPG EM Lyon Business School, Dec. 2003-July 2005 (Assistant Professor) Finance for Managers (Specialized Master) Business Evaluation (Specialized Master in Financial Engineering) Financial Diagnosis (Graduate Program) Financial Markets (Graduate Program) Principles of Corporate Finance and Shareholders’ Value (International MBA) Ecole Centrale de Lyon, Feb. 2003-July 2005 (Teaching assistant) History of the Economic Thoughts, 1st year students 14 | P a g e TEACHING LANGUAGES English French Vietnamese MISCELLANEOUS Founding member and President of the Association of Vietnamese Scientists and Experts (AVSE), 2011-2013, 2013-2015 Member of the Presidency of Vietnam’s Youth Union, 2010-2015 Member of the Board, La Mutuelle des Etudiants (LMDE), 2006-2008 President of the Union of the Vietnamese Students in France (UEVF), 2006-2008 President of the UEVF/Paris, 2005-2006 Vice-president of the UEVF/Grenoble, 2000-2002 15 | P a g e
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