Details about Thomas Flavin

Access statistics for papers by Thomas Flavin.

Last updated 2025-07-09. Update your information in the RePEc Author Service.

Short-id: pfl45

Working Papers

2023

1. Can Green Bonds be a Safe Haven for Equity Investors?
   QBS Working Paper Series, Queen's University Belfast, Queen's Business School View citations (1)
   See also Journal Article Can green bonds be a safe haven for equity investors?, International Journal of Finance & Economics, John Wiley & Sons, Ltd. (2025) (2025)

2020

2. Banks and Sovereigns: Did Adversity Bring Them Closer?
   QBS Working Paper Series, Queen's University Belfast, Queen's Business School
   Also in Economics Department Working Paper Series, Department of Economics, National University of Ireland - Maynooth (2020)
   See also Journal Article Banks and sovereigns: did adversity bring them closer?, The European Journal of Finance, Taylor & Francis Journals (2025) (2025)
3. Industrial firms and systemic risk
   Economics Department Working Paper Series, Department of Economics, National University of Ireland - Maynooth View citations (7)
4. Role of corporate governance and lifecycle in determining payout precommitment in an emerging economy
   Economics Department Working Paper Series, Department of Economics, National University of Ireland - Maynooth

2019

5. On the stability of Stock-bond comovements across market conditions in the Eurozone periphery
   Economics Department Working Paper Series, Department of Economics, National University of Ireland - Maynooth View citations (2)
   See also Journal Article On the stability of stock-bond comovements across market conditions in the Eurozone periphery, Global Finance Journal, Elsevier (2021) (2021)

2017

6. Reputation building and the lifecycle model of dividends
   Economics Department Working Paper Series, Department of Economics, National University of Ireland - Maynooth View citations (8)
   See also Journal Article Reputation building and the lifecycle model of dividends, Pacific-Basin Finance Journal, Elsevier (2017) View citations (6) (2017)

2016

7. Are Banking Shocks Contagious? Evidence from the Eurozone
   Economics Department Working Paper Series, Department of Economics, National University of Ireland - Maynooth
   See also Journal Article Are banking shocks contagious? Evidence from the eurozone, Journal of Banking & Finance, Elsevier (2020) View citations (19) (2020)
8. Contagion in Eurozone Sovereign Bond Markets? The Good, the Bad and the Ugly
   Research Technical Papers, Central Bank of Ireland View citations (23)
   Also in Economics Department Working Paper Series, Department of Economics, National University of Ireland - Maynooth (2016) View citations (23)
   See also Journal Article Contagion in Eurozone sovereign bond markets? The good, the bad and the ugly, Economics Letters, Elsevier (2016) View citations (23) (2016)
9. Do long-term bonds hedge equity risk? Evidence from Spain
   Economics Department Working Paper Series, Department of Economics, National University of Ireland - Maynooth

2015

10. Restructuring and Recovery of the Irish Financial Sector: An Economic Case History V2
    Economics Department Working Paper Series, Department of Economics, National University of Ireland - Maynooth View citations (3)
11. The role of U.S. subprime mortgage-backed assets in propagating the crisis:contagion or interdependence?
    Economics Department Working Paper Series, Department of Economics, National University of Ireland - Maynooth View citations (12)
    See also Journal Article The role of U.S. subprime mortgage-backed assets in propagating the crisis: Contagion or interdependence?, The North American Journal of Economics and Finance, Elsevier (2015) View citations (13) (2015)

2014

12. Identifying safe haven assets for equity investors through an analysis of the stability of shock transmission
    Economics Department Working Paper Series, Department of Economics, National University of Ireland - Maynooth View citations (55)
    See also Journal Article Identifying safe haven assets for equity investors through an analysis of the stability of shock transmission, Journal of International Financial Markets, Institutions and Money, Elsevier (2014) View citations (54) (2014)
13. Unpublished Appendix:Ancillary Results and Robustness Checks on a Probit Model of Irish Mortgage Defaults
    Economics Department Working Paper Series, Department of Economics, National University of Ireland - Maynooth View citations (1)

2013

14. Irish Mortgage Default Optionality
    Economics Department Working Paper Series, Department of Economics, National University of Ireland - Maynooth View citations (1)
15. The effects of ownership structure on corporate financing decisions: Evidence from stock market liberalization
    Economics Department Working Paper Series, Department of Economics, National University of Ireland - Maynooth View citations (3)
    See also Journal Article The Effects of Ownership Structure on Corporate Financing Decisions: Evidence from Stock Market Liberalization, International Review of Finance, International Review of Finance Ltd. (2013) View citations (3) (2013)

2011

16. Systematic and Liquidity Risk in Subprime-Mortgage Backed Securities
    Working Papers, University of Tasmania, Tasmanian School of Business and Economics
    Also in Economics Department Working Paper Series, Department of Economics, National University of Ireland - Maynooth (2011)
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2011)
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2011) View citations (1)
    See also Journal Article Systematic and Liquidity Risk in Subprime-Mortgage Backed Securities, Open Economies Review, Springer (2013) View citations (9) (2013)

2010

17. The U.S. and Irish Credit Crises: Their Distinctive Differences and Common Features
    Economics Department Working Paper Series, Department of Economics, National University of Ireland - Maynooth View citations (8)
    See also Journal Article The U.S. and Irish credit crises: Their distinctive differences and common features, Journal of International Money and Finance, Elsevier (2012) View citations (24) (2012)

2009

18. The sequencing of stock market liberalization events and corporate financing decisions
    Economics Department Working Paper Series, Department of Economics, National University of Ireland - Maynooth View citations (1)
    See also Journal Article The sequencing of stock market liberalization events and corporate financing decisions, Emerging Markets Review, Elsevier (2010) View citations (14) (2010)

2008

19. Detecting shift and pure contagion in East Asian equity markets: A Unified Approach
    Economics Department Working Paper Series, Department of Economics, National University of Ireland - Maynooth View citations (3)
    Also in The Institute for International Integration Studies Discussion Paper Series, IIIS (2007)
    See also Journal Article DETECTING SHIFT AND PURE CONTAGION IN EAST ASIAN EQUITY MARKETS: A UNIFIED APPROACH, Pacific Economic Review, Wiley Blackwell (2010) View citations (8) (2010)
20. On the Stability of Domestic Financial Market Linkages in the Presence of time-varying Volatility
    Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey View citations (23)
    Also in Economics Department Working Paper Series, Department of Economics, National University of Ireland - Maynooth (2008) View citations (26)
    See also Journal Article On the stability of domestic financial market linkages in the presence of time-varying volatility, Emerging Markets Review, Elsevier (2008) View citations (23) (2008)

2007

21. International Portfolio Diversification and Market Linkages in the presence of regime-switching volatility
    Money Macro and Finance (MMF) Research Group Conference 2006, Money Macro and Finance Research Group View citations (1)
    Also in The Institute for International Integration Studies Discussion Paper Series, IIIS (2006) View citations (3)
22. On the robustness of international portfolio diversification benefits to regime-switching volatility
    Economics Department Working Paper Series, Department of Economics, National University of Ireland - Maynooth View citations (5)
    See also Journal Article On the robustness of international portfolio diversification benefits to regime-switching volatility, Journal of International Financial Markets, Institutions and Money, Elsevier (2009) View citations (14) (2009)

2006

23. How Risk Averse are Fund Managers? Evidence from Irish Mutual Funds
    Economics Department Working Paper Series, Department of Economics, National University of Ireland - Maynooth View citations (1)
    See also Journal Article How risk averse are fund managers? Evidence from Irish mutual funds, Applied Financial Economics, Taylor & Francis Journals (2006) View citations (1) (2006)
24. Shift versus traditional contagion in Asian markets
    The Institute for International Integration Studies Discussion Paper Series, IIIS

2004

25. The effect of the Euro on country versus industry portfolio diversification
    Economics Department Working Paper Series, Department of Economics, National University of Ireland - Maynooth View citations (43)
    See also Journal Article The effect of the Euro on country versus industry portfolio diversification, Journal of International Money and Finance, Elsevier (2004) View citations (41) (2004)

2002

26. Macroeconomic Influences on Optimal Asset Allocation
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    See also Journal Article Macroeconomic influences on optimal asset allocation, Review of Financial Economics, Elsevier (2003) View citations (6) (2003)

2001

27. A Risk Management Approach to Optimal Asset Allocation
    Economics Department Working Paper Series, Department of Economics, National University of Ireland - Maynooth View citations (8)

2000

28. Explaining European Short-term Interest Rate Differentials: An Application of Tobin's Portfolio Theory
    Economics Department Working Paper Series, Department of Economics, National University of Ireland - Maynooth
29. Global Asset Allocation with Time-varying Risk
    Economics Department Working Paper Series, Department of Economics, National University of Ireland - Maynooth View citations (3)

1998

30. Fiscal Policy and the Term Premium in Real Interest Rate Differentials
    Economics Department Working Paper Series, Department of Economics, National University of Ireland - Maynooth
    See also Journal Article Fiscal policy and the term premium in real interest rate differentials, Applied Financial Economics, Taylor & Francis Journals (2000) View citations (3) (2000)
31. Optimal International Asset Allocation and Home Bias
    Economics Department Working Paper Series, Department of Economics, National University of Ireland - Maynooth View citations (1)

Journal Articles

2025

1. Banks and sovereigns: did adversity bring them closer?
   The European Journal of Finance, 2025, 31, (9), 1089-1114
   See also Working Paper Banks and Sovereigns: Did Adversity Bring Them Closer?, QBS Working Paper Series (2020) (2020)
2. Can green bonds be a safe haven for equity investors?
   International Journal of Finance & Economics, 2025, 30, (3), 2270-2283
   See also Working Paper Can Green Bonds be a Safe Haven for Equity Investors?, QBS Working Paper Series (2023) View citations (1) (2023)

2022

3. Non-financial corporations and systemic risk
   Journal of Corporate Finance, 2022, 72, (C) View citations (16)

2021

4. Corporate governance, life cycle, and payout precommitment: An emerging market study
   Journal of Financial Research, 2021, 44, (1), 179-209 View citations (3)
5. On the stability of stock-bond comovements across market conditions in the Eurozone periphery
   Global Finance Journal, 2021, 49, (C)
   See also Working Paper On the stability of Stock-bond comovements across market conditions in the Eurozone periphery, Economics Department Working Paper Series (2019) View citations (2) (2019)

2020

6. Are banking shocks contagious? Evidence from the eurozone
   Journal of Banking & Finance, 2020, 112, (C) View citations (19)
   See also Working Paper Are Banking Shocks Contagious? Evidence from the Eurozone, Economics Department Working Paper Series (2016) (2016)

2017

7. Reputation building and the lifecycle model of dividends
   Pacific-Basin Finance Journal, 2017, 46, (PA), 177-190 View citations (6)
   See also Working Paper Reputation building and the lifecycle model of dividends, Economics Department Working Paper Series (2017) View citations (8) (2017)

2016

8. Contagion in Eurozone sovereign bond markets? The good, the bad and the ugly
   Economics Letters, 2016, 143, (C), 5-8 View citations (23)
   See also Working Paper Contagion in Eurozone Sovereign Bond Markets? The Good, the Bad and the Ugly, Research Technical Papers (2016) View citations (23) (2016)

2015

9. Strategic, unaffordability and dual-trigger default in the Irish mortgage market
   Journal of Housing Economics, 2015, 28, (C), 59-75 View citations (11)
10. The role of U.S. subprime mortgage-backed assets in propagating the crisis: Contagion or interdependence?
    The North American Journal of Economics and Finance, 2015, 34, (C), 167-186 View citations (13)
    See also Working Paper The role of U.S. subprime mortgage-backed assets in propagating the crisis:contagion or interdependence?, Economics Department Working Paper Series (2015) View citations (12) (2015)

2014

11. Identifying safe haven assets for equity investors through an analysis of the stability of shock transmission
    Journal of International Financial Markets, Institutions and Money, 2014, 33, (C), 137-154 View citations (54)
    See also Working Paper Identifying safe haven assets for equity investors through an analysis of the stability of shock transmission, Economics Department Working Paper Series (2014) View citations (55) (2014)

2013

12. Systematic and Liquidity Risk in Subprime-Mortgage Backed Securities
    Open Economies Review, 2013, 24, (1), 5-32 View citations (9)
    See also Working Paper Systematic and Liquidity Risk in Subprime-Mortgage Backed Securities, Working Papers (2011) (2011)
13. The Effects of Ownership Structure on Corporate Financing Decisions: Evidence from Stock Market Liberalization
    International Review of Finance, 2013, 13, (3), 383-405 View citations (3)
    See also Working Paper The effects of ownership structure on corporate financing decisions: Evidence from stock market liberalization, Economics Department Working Paper Series (2013) View citations (3) (2013)

2012

14. The U.S. and Irish credit crises: Their distinctive differences and common features
    Journal of International Money and Finance, 2012, 31, (1), 60-79 View citations (24)
    See also Working Paper The U.S. and Irish Credit Crises: Their Distinctive Differences and Common Features, Economics Department Working Paper Series (2010) View citations (8) (2010)

2010

15. DETECTING SHIFT AND PURE CONTAGION IN EAST ASIAN EQUITY MARKETS: A UNIFIED APPROACH
    Pacific Economic Review, 2010, 15, (3), 401-421 View citations (8)
    See also Working Paper Detecting shift and pure contagion in East Asian equity markets: A Unified Approach, Economics Department Working Paper Series (2008) View citations (3) (2008)
16. The sequencing of stock market liberalization events and corporate financing decisions
    Emerging Markets Review, 2010, 11, (3), 183-204 View citations (14)
    See also Working Paper The sequencing of stock market liberalization events and corporate financing decisions, Economics Department Working Paper Series (2009) View citations (1) (2009)

2009

17. Financial vs. Non-financial Stocks: Time-varying Correlations and Risks
    The Journal of Economic Asymmetries, 2009, 6, (3), 71-92 View citations (2)
18. Forecasting growth and inflation in an enlarged euro area
    Journal of Forecasting, 2009, 28, (5), 405-425 View citations (3)
19. On the robustness of international portfolio diversification benefits to regime-switching volatility
    Journal of International Financial Markets, Institutions and Money, 2009, 19, (1), 140-156 View citations (14)
    See also Working Paper On the robustness of international portfolio diversification benefits to regime-switching volatility, Economics Department Working Paper Series (2007) View citations (5) (2007)
20. Vintage and credit rating: what matters in the ABX data during the credit crunch?
    Proceedings, 2009, (Jan) View citations (3)

2008

21. On the stability of domestic financial market linkages in the presence of time-varying volatility
    Emerging Markets Review, 2008, 9, (4), 280-301 View citations (23)
    See also Working Paper On the Stability of Domestic Financial Market Linkages in the Presence of time-varying Volatility, Working Papers (2008) View citations (23) (2008)

2007

22. Fiscal, monetary policy and the conditional risk premium in short-term interest rate differentials: an application of Tobin's portfolio theory
    International Review of Economics & Finance, 2007, 16, (1), 101-112 View citations (3)

2006

23. How risk averse are fund managers? Evidence from Irish mutual funds
    Applied Financial Economics, 2006, 16, (18), 1355-1363 View citations (1)
    See also Working Paper How Risk Averse are Fund Managers? Evidence from Irish Mutual Funds, Economics Department Working Paper Series (2006) View citations (1) (2006)
24. OPTIMAL INTERNATIONAL ASSET ALLOCATION WITH TIME‐VARYING RISK
    Scottish Journal of Political Economy, 2006, 53, (5), 543-564 View citations (6)
25. Real and financial aspects of financial integration
    The Quarterly Review of Economics and Finance, 2006, 46, (3), 315-316 View citations (1)

2004

26. The effect of the Euro on country versus industry portfolio diversification
    Journal of International Money and Finance, 2004, 23, (7-8), 1137-1158 View citations (41)
    See also Working Paper The effect of the Euro on country versus industry portfolio diversification, Economics Department Working Paper Series (2004) View citations (43) (2004)

2003

27. Macroeconomic influences on optimal asset allocation
    Review of Financial Economics, 2003, 12, (2), 207-231 View citations (6)
    Also in Review of Financial Economics, 2003, 12, (2), 207-231 (2003)
    See also Working Paper Macroeconomic Influences on Optimal Asset Allocation, CEPR Discussion Papers (2002) View citations (3) (2002)

2002

28. Explaining Stock Market Correlation: A Gravity Model Approach
    Manchester School, 2002, 70, (S1), 87-106 View citations (68)

2000

29. Fiscal policy and the term premium in real interest rate differentials
    Applied Financial Economics, 2000, 10, (4), 413-417 View citations (3)
    See also Working Paper Fiscal Policy and the Term Premium in Real Interest Rate Differentials, Economics Department Working Paper Series (1998) (1998)

Chapters

2019

1. From Bulls to Bears: Stock–Bond Comovements in European Markets
   Chapter 2 in HANDBOOK OF GLOBAL FINANCIAL MARKETS Transformations, Dependence, and Risk Spillovers, 2019, pp 39-55