Spiros Bougheas

Contact

• workRoom C38c Sir Clive Granger Building
  University Park
  Nottingham
  NG7 2RD
  UK
• work0115 84 66108
• fax0115 95 14159
• spiros.bougheas@nottingham.ac.uk

Biography

Spiros has been a member of staff at the University of Nottingham since 1999. He is a Professor in Economics. His research interests include systemic risk in financial markets, financial contracting and international financial architecture. His publications include papers in Journal of International Economics, European Economic Review, Journal of Economic Behavior and Organization and International Journal of Industrial Organization.

Member, Steering Committee and Management Committee - GECOMPLEXITY - COST (European Cooperation in Science and Technology) Action IS1104: The EU in the New Complex Geography of Economic Systems: Models, Tools and Policy, 2012- http://www.gecomplexity-cost.eu

CV available here in pdf format. Spiros' Facewall page.

Recent Publications

• BOUGHEAS, S., HARVEY, D., KIRMAN, A. and NELSON, D., 2024. Systemic Risk in Banking, Fire Sales, and Macroeconomic Disasters Journal of Economic Dynamics and Control. (In Press.)
• BOUGHEAS, S., COMMENDATORE, P., GARDINI, L. and KUBIN, I., 2023. Dynamic Investigations of an Endogenous Business Cycle Model with Heterogeneous Agents Computational Economics: Special Issue - Nonlinear Dynamics and Complex Systems. (In Press.)
• BOUGHEAS, S, 2022. Contagion in Networks: Stability and Efficiency Mathematical Social Sciences. 115, 64-77
• AMISSAH, E, BOUGHEAS, S, DEFEVER, F and FALVEY, R, 2021. Financial System Architecture and the Patterns of International Trade European Economic Review. 136, 103751

• View all publications

1. NGOs and donors' funding: Evidence from Uganda (with A. Isopi and T. Owens). CREDIT WP 22/04, University of Nottingham. https://www.nottingham.ac.uk/credit/news/papers/2204.aspx; CESifo WP no. 10055.

2. Fire Sales and Ex Ante Valuation of Systemic Risk: A Financial Equilibrium Networks Approach (with A. Spencer), CFCM Working Paper 22/04, University of Nottingham. https://www.nottingham.ac.uk/cfcm/documents/papers/2022/22-04.pdf; NIESR Discussion Paper No. 544;CESifo WP no. 10111.

3. Financial Development, Cycles and Income Inequality in a Model with Good and Bad Projects (with P. Commendatore, L. Gardini and I. Kubin), CFCM Working Paper 22/05, University of Nottingham. https://www.nottingham.ac.uk/cfcm/news/papers/2022/2204.aspx; CESifo WP no. 10135.

4. Dynamic Investigations of an Endogenous Business Cycle Model with Heterogeneous Agents (with P. Commendatore, L. Gardini and I. Kubin).CFCM Working Paper 23/02, University of Nottingham. https://www.nottingham.ac.uk/cfcm/documents/papers/2023/23-02.pdf

Other Writings

1. The Economy on Ice: Preventing Economic Contagion. NIESR Blog, April 4 2020:https://www.niesr.ac.uk/blog/economy-ice-preventing-economic-contagion
2. Unfair Policies, Costly Consequences. NIESR Blog, June 8 2020: https://www.niesr.ac.uk/blog/unfair-policies-costly-consequences
3. What is systemic risk and how does it lead to a banking crisis? The Conversation. March 22 2023:https://theconversation.com/what-is-systemic-risk-and-how-does-it-lead-to-a- banking-crisis-202174

• BOUGHEAS, S., HARVEY, D., KIRMAN, A. and NELSON, D., 2024. Systemic Risk in Banking, Fire Sales, and Macroeconomic Disasters Journal of Economic Dynamics and Control. (In Press.)
• BOUGHEAS, S., COMMENDATORE, P., GARDINI, L. and KUBIN, I., 2023. Dynamic Investigations of an Endogenous Business Cycle Model with Heterogeneous Agents Computational Economics: Special Issue - Nonlinear Dynamics and Complex Systems. (In Press.)
• BOUGHEAS, S, 2022. Contagion in Networks: Stability and Efficiency Mathematical Social Sciences. 115, 64-77
• AMISSAH, E, BOUGHEAS, S, DEFEVER, F and FALVEY, R, 2021. Financial System Architecture and the Patterns of International Trade European Economic Review. 136, 103751
• BOUGHEAS, S and WANG, T, 2021. A Theory of Outside Equity: Financing Multiple Projects Journal of Corporate Finance. 69, 102025
• BOUGHEAS, S and WORRALL, T, 2019. Portfolio Sales and Signaling Journal of Banking and Finance. 99, 182-191
• BOUGHEAS, S and KIRMAN, A, 2018. Systemic Risk and the Optimal Seniority Structure of Banking Liabilities International Journal of Finance and Economics. 23, 47-54
• BOUGHEAS, S, LIM, H, MATEUT, S, MIZEN, P and YALCIN, C, 2018. Foreign Currency Borrowing, Exports and Firm Performance: Evidence from a Currency Crisis European Journal of Finance. 24(17), PP. 1649-1671
• BLEANEY, M, BOUGHEAS, S and LI, Z, 2017. Do Psychological Fallacies Influence Trading in Financial Markets? Evidence from the Foreign Exchange Market Journal of Behavioral Finance. 18, 344-357
• BOUGHEAS, S and FALVEY, R, 2017. Entrepreneurial Migration in an Integrated World Scandinavian Journal of Economics. 120, 1171-1201
• BOUGHEAS, S and RIEZMAN, R, 2017. Product and labor market entry costs, underemployment and international trade. In: CHRISTENSEN, B and KOWALSZYK, C, eds., Globalization: Strategies and Effects Springer. 19-45
• BOUGHEAS, S, HARVEY, D and KIRMAN, A, 2017. Systemic Risk and Macroeconomic Fat Tails. In: COMMENDATORE, P, KUBIN, I, BOUGHEAS, S, KIRMAN, A, KOPEL, M and BISCHI, G, eds., The Economy as a Complex Spatial System: Micro, Meso and Macro Perspectives Springer. 119-136
• ARJOON, V, BOUGHEAS, S and MILNER, C, 2016. Lead-lag relationships in an embryonic stock market: Exploring the role of institutional ownership and liquidity Reserach in International Business and Finance. 38, 262-276
• BOUGHEAS, S and KIRMAN, A, 2016. Bank Insolvencies, Priority Claims and Systemic Risk. In: COMMENDATORE, P, MATILLA-GARCIA, M, VARELA, L and CANOVAS, J, eds., Complex Networks and Dynamics: Social Economic Interactions Springer. 195-208
• BOUGHEAS, S and KIRMAN, A, 2015. Complex Financial Networks and Systemic Risk: A Review. In: PASQUALE COMMENDATORE, SAIME KAYAM and INGRID KUBIN, eds., Complexity and Geographical Economics: Topics and Tools Springer.
• BOUGHEAS, S, MIZEN, P and SILVA, S, 2015. The Open Economy Balance Sheet Channel and the Exporting Decisions of Firms: Evidence from the Brazilian Crisis of 1999 Oxford Economic Papers. 67, 1096-1122
• BOUGHEAS, S, NIEBOER, J and SEFTON, M, 2015. Risk Taking and Information Aggregation in Groups Journal of Economic Psychology. 51, 34-47
• BOUGHEAS, S., 2014. Pooling, tranching and credit expansion Oxford Economic Papers. 62, 557-579
• BOUGHEAS, S., NIEBOER, J. and SEFTON, M., 2013. Risk-taking in social settings: group and peer effects Journal of Economic Behavior and Organization. 92(n/a), 273-283
• BOUGHEAS, S. and NELSON, D., 2013. On the political economy of high skilled migration and international trade European Economic Review. 63, 206-224
• BOUGHEAS, S. and UPWARD, R., 2013. Endogenous Participation in Imperfect Labor and Capital Markets Economics Bulletin. 33, 2454-2464
• BOUGHEAS, S. and WORRALL, T., 2012. Cost padding in regulated monopolies International Journal of Industrial Organization. 30(4), 331-341
• BOUGHEAS, S. and NELSON, D., 2012. Skill worker migration and trade: Inequality and Welfare. World Economy. 35, 197-215
• BOUGHEAS, S., DASGUPTA, I. and MORRISSEY, O., 2011. Repayment versus investment conditions and exclusivity in lending contracts Journal of Institutional and Theoretical Economics. 167(2), 247-265
• BOUGHEAS, S., KNELLER, R. and RIEZMAN, R., 2011. Optimal Education Policies and Comparative Advantage Pacific Economic Review. 16, 538-552
• AMISSAH, E., BOUGHEAS, S. and FALVEY, R., 2011. Financial Constraints, the Distribution of Wealth and International Trade World Economy. 34, 707-724 (In Press.)
• BOUGHEAS, S. and FALVEY, R., 2009. The Impact of Financial Market Imperfections on Trade and Capital Flows Econoquantum. 6, 91-110
• BOUGHEAS, S., MATEUT, S. and MIZEN, P., 2009. Corporate trade credit and inventories: new evidence of a trade-off from accounts payable and receivable Journal of Banking & Finance. 33(2), 300-307
• BOUGHEAS, S. and RUIZ-PORRAS, A., 2008. Administración de los Apuros Financieros Bancarios: Dilema entre la Liquidez y los Riesgos de la Solvencia El Trimestre Económico. 75, 215-233
• BLEANEY, M., BOUGHEAS, S. and SKAMNELOS, I., 2008. A model of the interactions between banking crises and currency crises Journal of International Money and Finance. 27(5), 695-706
• DASGUPTA, I., BOUGHEAS, S. and MORRISSEY, O., 2007. Tough love or unconditional charity? Oxford Economic Papers. 59(4), 561-582
• BOUGHEAS, S. and RIEZMAN, R., 2007. Trade and the distribution of human capital Journal of International Economics. 73(2), 421-433
• BOUGHEAS, S., 2007. Income Distribution, Imperfect Capital Markets and the Choice of External Finance: A Financial Equilibrium Approach Quarterly Review of Economics and Finance. 47, 507-520
• MATEUT, S., BOUGHEAS, S. and MIZEN, P., 2006. Trade credit, bank lending and monetary policy transmission European Economic Review. 50(3), 603-629
• BOUGHEAS, S., MIZEN, P. and YALCIN, C., 2006. Access to external finance: theory and evidence on the impact of monetary policy and firm-specific characteristics Journal of Banking and Finance. 30(1), 199-227
• BOUGHEAS, S. and THANANITTAYAUDOM, S., 2006. Financial Predation by the ‘Weak’ International Journal of Business and Economics. 5, 231-244
• ADNETT, N., BOUGHEAS, S. and GEORGELLIS, Y., 2004. On the Trade-off Between Work-related Training and Labor Mobility: The Role of Firing and Exit Costs Journal of Economics. VOL 82(PART 1), 49-70
• YALCIN, C., BOUGHEAS, S. and MIZEN, P., 2004. The Impact of Firm-Specific Characteristics on the Response to Monetary Policy Actions Central Bank Review. 4, 1-29
• BOUGHEAS, S., 2004. Internal vs External Financing of R&D Small Business Economics. VOL 22(NUMBER 1), 11-17
• BOUGHEAS, S. and GEORGELLIS, Y., 2004. German apprenticeship training, earning profiles and labor turnover: Theory and empirical evidence Labour. 18, 233-263
• BOUGHEAS, S., DEMETRIADES, P. and MORGENROTH, E., 2003. International aspects of public infrastructure investment Canadian Journal of Economics. 36(4), 884-910
• BOUGHEAS, S. and DOWNWARD, P., 2003. The Economics of Professional Sports Leagues: Some Insights on the Reform of Transfer Markets Journal of Sports Economics. VOL 4(NUMB 2), 87-107
• BOUGHEAS, S., GEORG, H. and STROBL, E., 2003. Is R&D financially constrained? Theory and evidence from Irish manufacturing firms. Review of Industrial Organization. 22, 159-174
• ADNETT, N., BOUGHEAS, S. and DAVIES, P., 2002. Market-based reforms of public schooling: some unpleasant dynamics Economics of Education Review. VOL 21(NUMBER 4), 323-330
• BOUGHEAS, S., 2002. Optimism, education and industrial development Research in Economics. VOL 56(PART 2), 199-214
• BOUGHEAS, S., DEMETRIADES, P. O. and MAMUNEAS, T. P., 2000. Infrastructure, specialization, and economic growth Canadian Journal of Economics. VOL 33(PART 2), 506-522
• BOUGHEAS, S. and GEORGELLIS, Y., 1999. The effect of divorce costs on marriage formation and dissolution Journal of Population Economics. VOL 12(NUMBER 3), 489-498
• BOUGHEAS, S., DEMETRIADES, P. O. and MORGENROTH, E. L., 1999. Infrastructure, transport costs and trade Journal of International Economics. VOL 47(ISSUE 1), 169-189
• BOUGHEAS, S., 1999. Contagious Bank Runs International Review of Economics and Finance. 8, 133-146
• BOUGHEAS, S., 1998. Long-term Financial Contracts and Technological Choice Bulletin of Economic Research. VOL 50(NUMBER 1), 61-72
• BOUGHEAS, S., 1994. Asset and Currency Prices in an Exchange Economy with Transactions Costs Journal of Macroeconomics. 16, 99-107