My working papers are available at: http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=97395.

Published papers can be obtained from the respective journals or by sending me a request by e-mail.

My primary research to date focuses on Investments (in the mutual fund industry and national and international equity, fixed income, and currency markets), International Finance(integration of financial markets, dynamic relationships between markets, and the exposure to exchange rate risk), and Empirical Asset Pricing(effect of exchange rate risk on firms’ cost of capital, estimation of systematic and idiosyncratic risks, effect of private information on asset prices and markets).

• Presented at the 2005 annual conference of the Western Finance Association (WFA) – Oregon
• Winner of the Goldman Sachs Asset Management Quant Award for the best paper in Investments at the 2005 WFA conference

2. Do Fund Managers Use Private Information in their Asset Allocation Decisions? Evidence from Macroeconomic Announcements (with B. Francis and B. Watkins)  

• Featured in Forbes Magazine2005 Mutual Fund Survey article Cash is Trash (09/19/05) 
• Presented at the 2006 Financial Intermediation Research Society (FIRS) Conference on Banking, Corporate Finance and Intermediation in Shanghai, China
• Accepted in the “Program in a Program” section for papers ranked in the top 10% of all submitted papers at the 2006 Financial Management Association (FMA) Conference

3. Market-Wide Private Information Risk in the International Currency Markets: Evidence from the Violation of UIRP (with B. Francis, K. Gleason, and C. Malgwi)

4. Systematic and Idiosyncratic Risks of Diversified and Focused Firms: Implications for the Diversification Discount (with B. Francis and I. Hasan)

5. Time-Varying Exchange Rate Exposure of Small and Large Firms

LIST OF PUBLICATIONS

1. The Evolution of Stock Market Integration in the Post-Liberalization Period – A Look at Latin America.  Forthcoming, Journal of International Money and Finance, August 2006.

2. Dynamic Relations between International Equity and Currency Markets: The Role of Currency Order Flow. Journal of Business 79 (1), 2006, 219-258 (with B. Francis and I. Hasan). 

3. A Conditional Assessment of the Relationships between the Major World Bond Markets. European Financial Management 11 (4), 2005, 463-482 (with D. Simon).

4. What Drives Time Variation in Emerging Market Segmentation? Journal of Financial Research XXVIII (2), 2005, 261-280.

5.Are TIPS the “Real” Deal? A Conditional Assessment of their Role in a Nominal Portfolio. Journal of Banking and Finance 29, 2005, 347-368 (with D. Simon).

6. The Impact of the Euro on Risk Exposure of the World’s Major Banking Industries. Journal of International Money and Finance 23, 2004, 1011-1042 (with B. Francis).

7. Benefits of International Bond Diversification. Journal of Fixed Income 13, 2004, 57-72 (with D. Simon).

8. Emerging Market Liberalization and the Impact on Uncovered Interest Rate Parity. Journal of International Money and Finance 21, 2002, 931-956 (with B. Francis and I. Hasan)

9. The Performance of Filter Rules on the Jamaican Stock Exchange.  Applied Economics Letters 5, 1998, 297-300.

10. Foreign Portfolio Investments: An Alternative Approach to Attracting Hard Currency? In: K. Charles and L. Dyer (Eds.), Competing in the Markets of the Americas: Caribbean and Canadian Perspectives, 1995, 127 – 143. Proceedings of the University of the West Indies (Trinidad & Tobago) and Concordia University (Canada) conference entitled Strategies for Competing in the Markets of the Americas.