Professor Alexandros Kontonikas
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Email
a.kontonikas@essex.ac.uk -
Telephone
+44 (0) 1206 874569
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Location
EBS.3.57, Colchester Campus
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Academic support hours
You can find details of Academic Support hours on the EBS UG and PG information page on Moodle or by calling EBS Student Services on 01206873911
Profile
Biography
Professor Kontonikas is a graduate of the Athens University of Economics and Business. He holds an MSc in Business Finance and a PhD in Financial Economics from Brunel University. He joined 糖心Vlog Business School in September 2016, having previously been employed at the University of Glasgow (2005-2016) and Brunel University (2003-2005). He was the Head of the Finance Group at 糖心Vlog Business School between January 2018 鈥� August 2021. Professor Kontonikas main research interests are in the areas of asset pricing, liquidity, monetary policy and sovereign risk. His work has been published in several journals including the Journal of Money Credit and Banking, the Review of Asset Pricing Studies, the Journal of Banking and Finance and the Journal of International Money and Finance. He welcomes inquiries from potential PhD students on a variety of topics, including but not exclusively: The impact of monetary policy on the stock market/bond market Impact of non-conventional monetary policy on bank behaviour Professor Kontonikas has obtained grants from various sources including the Leverhulme Trust and the Nuffield Foundation. He has also has acted as a research consultant for the European Commission, the European Central Bank and the Bank of Finland. Research Income: Leverhulme Trust Research Project Grant, £109726 for The impact of austerity policies on the wellbeing of individuals in Europe, with A. Montagnoli, M. Moro and S. Brown (2016- 2018). Portuguese Science Foundation (FCT) Research Grant, €67774, for Yields, financial, macro and fiscal interactions, with A. Afonso, M. Arghyrou and J. Jalles (2016-2018).
Qualifications
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PhD in Financial Economics (2004), Brunel University.
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MSc in Business Finance (1999), Brunel University.
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BSc in International and European Economic Studies (1998), Athens University of Economics and Business.
Research and professional activities
Research interests
Monetary policy
Sovereign risk
Teaching and supervision
Current teaching responsibilities
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Principles of Finance (BE371)
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Alternative Investments (BE633)
Previous supervision
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 26/5/2022
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 13/5/2022
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 15/12/2021
Degree type: Doctor of Philosophy
Awarded date: 8/4/2021
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 23/1/2020
Degree subject: Finance
Degree type: Doctor of Philosophy
Awarded date: 23/1/2020
Degree type: Master of Science
Awarded date: 15/1/2020
Publications
Journal articles (45)
Alzuabi, R., Brown, S., Kontonikas, A. and Montagnoli, A., (2025). . International Journal of Finance and Economics
Aghyrou, M., Gadea, M-D. and Kontonikas, A., (2024). . Journal of International Money and Finance. 140, 102992-102992
Fernandes, F., Guariglia, A., Kontonikas, A. and Tsoukas, S., (2024). . International Journal of Finance and Economics. 30 (2), 1785-1802
Megaritis, A., Kontonikas, A., Vlastakis, N. and Triantafyllou, A., (2024). . International Journal of Finance and Economics
Manthos, D., Kokas, S. and Kontonikas, A., (2024). Reserves Regulation and the Risk-Taking Channel. Journal of Corporate Finance. 89, 102689-102689
Guo, H., Hung, C-H., Kontonikas, A. and Zeng, Y., (2023). . British Journal of Management. 35 (2), 1076-1096
Kellard, N., Kontonikas, A., Lamla, M., Maiani, S. and Wood, G., (2023). . Journal of International Financial Markets, Institutions and Money. 89, 101853-101853
Kellard, N., Kontonikas, A., Lamla, M., Maiani, S. and Wood, G., (2022). . Journal of International Money and Finance. 120, 102232-102232
Kellard, NM., Kontonikas, A., Lamla, M. and Maiani, S., (2022). . British Journal of Management. 33 (1), 46-68
Chaudhry, AN., Kontonikas, A. and Vagenas鈥怤anos, E., (2022). . British Journal of Management. 33 (2), 958-979
Guo, H., Hung, C-H. and Kontonikas, A., (2022). . Journal of International Money and Finance. 128, 102707-102707
Guo, H., Hung, C-HD. and Kontonikas, A., (2021). . Finance Research Letters. 38, 101443-101443
Ozbekler, AG., Kontonikas, A. and Triantafyllou, A., (2021). . International Journal of Forecasting. 37 (4), 1691-1709
Brown, S., Kontonikas, A., Montagnoli, A., Moro, M. and Onnis, L., (2021). Life satisfaction and austerity: Expectations and the macroeconomy. Journal of Behavioral and Experimental Economics. 95, 101780-101780
Guo, H., Kontonikas, A. and Maio, P., (2020). . Review of Asset Pricing Studies. 10 (3), 441-489
Fernandes, FDS., Kontonikas, A. and Tsoukas, S., (2019). . Oxford Bulletin of Economics and Statistics. 81 (3), 617-646
Kontonikas, A., Nolan, C., Zekaite, Z. and Lamla, M., (2019). . International Journal of Finance and Economics. 24 (4), 1506-1519
Kontonikas, A. and Zekaite, Z., (2018). . Quantitative Finance. 18 (5), 837-848
Afonso, A., Arghyrou, M., Gadea, MD. and Kontonikas, A., (2018). . Journal of International Money and Finance. 86, 1-30
Bagdatoglou, G., Kontonikas, A. and Wohar, ME., (2016). FORECASTING US INFLATION USING DYNAMIC GENERAL鈥怲O鈥怱PECIFIC MODEL SELECTION. Bulletin of Economic Research. 68 (2), 151-167
Afonso, A., Arghyrou, MG., Bagdatoglou, G. and Kontonikas, A., (2015). . Economic Modelling. 44 (C), 363-371
Florackis, C., Kontonikas, A. and Kostakis, A., (2014). . Journal of International Money and Finance. 44 (C), 97-117
Afonso, A., Arghyrou, MG. and Kontonikas, A., (2014). . International Journal of Finance & Economics. 19 (1), 49-56
Gregoriou, A., Kontonikas, A. and Montagnoli, A., (2014). . Urban Studies. 51 (13), 2916-2927
Kontonikas, A. and Kostakis, A., (2013). On Monetary Policy and Stock Market Anomalies. Journal of Business Finance & Accounting. 40 (7-8), 1009-1042
BYRNE, JP., KONTONIKAS, A. and MONTAGNOLI, A., (2013). International Evidence on the New Keynesian Phillips Curve Using Aggregate and Disaggregate Data. Journal of Money, Credit and Banking. 45 (5), 913-932
Kontonikas, A., MacDonald, R. and Saggu, A., (2013). Stock market reaction to fed funds rate surprises: State dependence and the financial crisis. Journal of Banking and Finance. 37 (11), 4025-4037
Arghyrou, MG. and Kontonikas, A., (2012). The EMU sovereign-debt crisis: Fundamentals, expectations and contagion. Journal of International Financial Markets, Institutions and Money. 22 (4), 658-677
Chen, X., Kontonikas, A. and Montagnoli, A., (2012). Asset prices, credit and the business cycle. Economics Letters. 117 (3), 857-861
Bagdatoglou, G. and Kontonikas, A., (2011). A New Test of the Real Interest Rate Parity Hypothesis: Bounds Approach and Structural Breaks. Review of International Economics. 19 (4), 718-727
GREGORIOU, A., KONTONIKAS, A. and MONTAGNOLI, A., (2011). Euro Area Inflation Differentials: Unit Roots and Nonlinear Adjustment. JCMS: Journal of Common Market Studies. 49 (3), 525-540
Kontonikas, A., (2010). A new test of the inflation鈥搑eal marginal cost relationship: ARDL bounds approach. Economics Letters. 108 (2), 122-125
Gregoriou, A. and Kontonikas, A., (2010). The long-run relationship between stock prices and goods prices: New evidence from panel cointegration. Journal of International Financial Markets, Institutions and Money. 20 (2), 166-176
Byrne, JP., Kontonikas, A. and Montagnoli, A., (2010). The time-series properties of UK inflation: Evidence from aggregate and disaggregate data. Scottish Journal of Political Economy. 57 (1), 33-47
Caporale, GM. and Kontonikas, A., (2009). The Euro and inflation uncertainty in the European Monetary Union. Journal of International Money and Finance. 28 (6), 954-971
Gregoriou, A., Kontonikas, A., MacDonald, R. and Montagnoli, A., (2009). Monetary policy shocks and stock returns: evidence聽from聽the聽British market. Financial Markets and Portfolio Management. 23 (4), 401-410
Arghyrou, MG., Gregoriou, A. and Kontonikas, A., (2009). Do real interest rates converge? Evidence from the European union. Journal of International Financial Markets, Institutions and Money. 19 (3), 447-460
Gregoriou, A. and Kontonikas, A., (2009). Modeling the behaviour of inflation deviations from the target. Economic Modelling. 26 (1), 90-95
Ioannidis, C. and Kontonikas, A., (2008). The impact of monetary policy on stock prices. Journal of Policy Modeling. 30 (1), 33-53
Gregoriou, A. and Kontonikas, A., (2006). Inflation targeting and the stationarity of inflation: New results from an ESTAR unit root test. Bulletin of Economic Research. 58 (4), 309-322
Kontonikas, A. and Montagnoli, A., (2006). Optimal monetary policy and asset price misalignments. Scottish Journal of Political Economy. 53 (5), 636-654
Kontonikas, A. and Ioannidis, C., (2005). Should monetary policy respond to asset price misalignments?. Economic Modelling. 22 (6), 1105-1121
Kontonikas, A., (2004). Inflation and inflation uncertainty in the United Kingdom, evidence from GARCH modelling. Economic Modelling. 21 (3), 525-543
Kontonikas, A. and Montagnoli, A., (2004). Has Monetary Policy Reacted to Asset Price Movements? Evidence from the UK. Ekonomia. 7 (1), 18-33
Gregoriou, A., Kontonikas, A. and Tsitsianis, N., (2004). Does the day of the week effect exist once transaction costs have been accounted for? Evidence from the UK. Applied Financial Economics. 14 (3), 215-220
Reports and Papers (1)
Kontonikas, A. and Pyrgiotakis, E., (2024).
Grants and funding
2025
Modelling Greek Firms锟� Survival Rates and Identifying 锟絑ombies锟�
糖心Vlog (QR Impact Fund)
Prospects of Greek property market and potential reforms
糖心Vlog (QR Impact Fund)
2024
Modelling Greek Firms锟� Survival Rates and Identifying 'Zombies'
PricewaterhouseCoopers
2023
Modelling and predicting 'wrongly signed' monetary policy meetings
糖心Vlog (QR Impact Fund)
2016
The Impact of austerity policies on the wellbeing of individuals in Europe
Leverhulme Trust
Contact
Academic support hours:
You can find details of Academic Support hours on the EBS UG and PG information page on Moodle or by calling EBS Student Services on 01206873911
