Details about Keith Pilbeam

Access statistics for papers by Keith Pilbeam.

Last updated 2026-10-15. Update your information in the RePEc Author Service.

Short-id: ppi604

Working Papers

2018

1. Long-run determination of the nominal exchange rate in the presence of national debts: Evidence from the yen-dollar exchange rate
   Working Papers, Department of Economics, City St George's, University of London

2015

2. An Empirical Analysis of the Nexus between Investment, Fiscal Balances and Current Account Balances in Greece, Portugal and Spain
   Working Papers, Department of Economics, City St George's, University of London
   See also Journal Article An empirical analysis of the nexus between investment, fiscal balances and current account balances in Greece, Portugal and Spain, Economic Modelling, Elsevier (2017) View citations (30) (2017)
3. The long-run determination of the real exchange rate. Evidence from an intertemporal modelling framework using the dollar-pound exchange rate
   Working Papers, Department of Economics, City St George's, University of London
   See also Journal Article The long-run determination of the real exchange rate. Evidence from an intertemporal modelling framework using the dollar-pound exchange rate, Open Economies Review, Springer (2017) View citations (3) (2017)

2009

4. Detecting the Presence of Informed Price Trading Via Structural Break Tests
   Working Papers, Department of Economics, City St George's, University of London

2007

5. A resolution of the forward discount puzzle
   Working Papers, Department of Economics, City St George's, University of London

2003

6. The linkage between financial liberalization and economic development: empirical evidence from Poland
   Working Papers, Department of Economics, City St George's, University of London

Journal Articles

2026

1. Do active Chinese equity fund managers produce positive alpha? A comprehensive performance evaluation
   Journal of International Financial Markets, Institutions and Money, 2026, 109, (C)
2. Herding and Anti‐Herding Behaviour in the UK, French and German Stock Markets Before and During the Covid Pandemic
   International Journal of Finance & Economics, 2026, 31, (2), 1780-1804
3. The Impact of Changes in Real Income and the Real Effective Exchange Rate on Trade in Goods and Services
   International Journal of Finance & Economics, 2026, 31, (3), 3233-3247
4. Which GRS Statistic Is Appropriate for Cross‐Sectional Tests of Linear Multi‐Factor Pricing Models?
   International Journal of Finance & Economics, 2026, 31, (4), 5790-5811

2025

5. ESG Ratings and Investment Returns at the Country Level: Does Higher Mean Better?
   International Journal of Finance & Economics, 2025, 30, (4), 3761-3784 View citations (1)

2024

6. Explaining and correcting trade imbalances between the Northern and Southern Eurozone: An empirical investigation
   International Journal of Finance & Economics, 2024, 29, (1), 1079-1096 View citations (1)

2023

7. Celebrating the 27th anniversary of International Journal of Finance and Economics and shaping the future
   International Journal of Finance & Economics, 2023, 28, (1), 5-8

2022

8. Are macroeconomic forecasters optimists or pessimists? A reassessment of survey based forecasts
   Journal of Economic Behavior & Organization, 2022, 197, (C), 706-724 View citations (1)
9. Modelling the trade balance between the northern and southern eurozone using an intertemporal approach
   Journal of International Money and Finance, 2022, 121, (C) View citations (2)

2021

10. DSGE modelling for the UK economy 1974–2017
    Bulletin of Economic Research, 2021, 73, (2), 295-323 View citations (2)
11. Do actively managed US mutual funds produce positive alpha?
    Journal of Economic Behavior & Organization, 2021, 182, (C), 472-492 View citations (4)
12. Public debt and economic growth: panel data evidence for Asian countries
    Journal of Economics and Finance, 2021, 45, (2), 270-287 View citations (49)
13. The impact of corruption, economic freedom, regulation and transparency on bank profitability and bank stability: Evidence from the Eurozone area
    Journal of Economic Behavior & Organization, 2021, 184, (C), 150-177 View citations (52)

2019

14. An Empirical Investigation of the Performance of Japanese Mutual Funds: Skill or Luck?
    IJFS, 2019, 7, (1), 1-16 View citations (4)
15. Brexit and its Impact on the Pound in the Foreign Exchange Market
    The Economists' Voice, 2019, 16, (1), 5
16. THE ROLE OF NATIONAL DEBTS IN THE DETERMINATION OF THE YEN‐DOLLAR EXCHANGE RATE
    Economic Inquiry, 2019, 57, (2), 1182-1195
17. The Behaviour of Banking Stocks During the Financial Crisis and Recessions. Evidence from Changes‐in‐Changes Panel Data Estimations
    Scottish Journal of Political Economy, 2019, 66, (1), 154-179 View citations (4)

2018

18. Estimation of bubble dynamics in the Chinese real estate market: a State space model
    International Economics and Economic Policy, 2018, 15, (2), 483-499 View citations (2)
19. The dollar–euro exchange rate and monetary fundamentals
    Empirical Economics, 2018, 54, (4), 1389-1410 View citations (2)
20. The housing market and the credit default swap premium in the UK banking sector: A VAR approach
    Research in International Business and Finance, 2018, 44, (C), 1-15 View citations (10)
21. The impact of shadow banking on the implementation of Chinese monetary policy
    International Economics and Economic Policy, 2018, 15, (2), 429-447 View citations (7)

2017

22. An empirical analysis of the nexus between investment, fiscal balances and current account balances in Greece, Portugal and Spain
    Economic Modelling, 2017, 63, (C), 143-152 View citations (30)
    See also Working Paper An Empirical Analysis of the Nexus between Investment, Fiscal Balances and Current Account Balances in Greece, Portugal and Spain, Working Papers (2015) (2015)
23. The long-run determination of the real exchange rate. Evidence from an intertemporal modelling framework using the dollar-pound exchange rate
    Open Economies Review, 2017, 28, (5), 1011-1028 View citations (3)
    See also Working Paper The long-run determination of the real exchange rate. Evidence from an intertemporal modelling framework using the dollar-pound exchange rate, Working Papers (2015) (2015)

2016

24. A multivariate analysis of United States and global real estate investment trusts
    International Economics and Economic Policy, 2016, 13, (3), 467-482 View citations (9)
25. Exchange rate volatility and international trade: International evidence from the MINT countries
    Economic Modelling, 2016, 58, (C), 133-140 View citations (67)
26. Exports, growth and financial stability in the euro area and beyond
    International Economics and Economic Policy, 2016, 13, (3), 339-343

2015

27. Causality and volatility patterns between gold prices and exchange rates
    The North American Journal of Economics and Finance, 2015, 34, (C), 292-300 View citations (31)
28. Currency Interventions: Effective Policy Tool or Shortsighted Gamble?
    Intereconomics: Review of European Economic Policy, 2015, 50, (2), 64-81 View citations (1)
29. Forecasting exchange rate volatility: GARCH models versus implied volatility forecasts
    International Economics and Economic Policy, 2015, 12, (1), 127-142 View citations (25)
30. Macroeconomic and financial adjustment in globalised economies - The state-of-play
    International Economics and Economic Policy, 2015, 12, (1), 1-4

2012

31. Does Foreign Direct Investment Crowd In or Crowd Out Domestic Investment? Evidence from the European Union
    The Journal of Economic Asymmetries, 2012, 9, (1), 89-104 View citations (18)

2011

32. Detecting the presence of insider trading via structural break tests
    Journal of Banking & Finance, 2011, 35, (11), 2820-2828 View citations (19)
33. The forward discount puzzle and market efficiency
    Annals of Finance, 2011, 7, (1), 119-135 View citations (6)
34. Uncovered interest parity and the efficiency of the foreign exchange market: a re‐examination of the evidence
    International Journal of Finance & Economics, 2011, 16, (2), 189-204 View citations (18)

2009

35. High-tech IPOs in the USA, UK and Europe after the dot-com bubble
    International Journal of Financial Services Management, 2009, 4, (1), 64-75
36. The profitability of carry trades
    Annals of Finance, 2009, 5, (2), 231-241 View citations (3)
37. Uncovered Interest Parity: Are Empirical Rejections of It Valid?
    Journal of Economic Integration, 2009, 24, 369-384 View citations (1)

2008

38. Risk budgeting and Value-at-Risk
    International Journal of Monetary Economics and Finance, 2008, 1, (2), 149-161

2005

39. The relative effectiveness of sterilized and non sterilized foreign exchange market interventions
    Journal of Policy Modeling, 2005, 27, (3), 375-383

2004

40. The stabilization properties of fixed and floating exchange rate regimes
    International Journal of Finance & Economics, 2004, 9, (2), 113-123

2001

41. Economic Fundamentals and Exchange Rate Movements
    International Review of Applied Economics, 2001, 15, (1), 55-64 View citations (1)
42. The profitability of central bank foreign exchange market intervention
    Journal of Policy Modeling, 2001, 23, (5), 523-530 View citations (2)

1995

43. The Profitability of Trading in the Foreign Exchange Market: Chartists, Fundamentalists, and Simpletons
    Oxford Economic Papers, 1995, 47, (3), 437-52 View citations (12)

Books

1991

1. Exchange Rate Management: Theory and Evidence
   Palgrave Macmillan Books, Palgrave Macmillan View citations (3)

Chapters

1991

1. Exchange Rate Management and Stabilisation Policy
   Palgrave Macmillan
2. Exchange Rate Management by the United Kingdom 1973–89
   Palgrave Macmillan
3. Guidelines for Exchange Rate Policy
   Palgrave Macmillan
4. Instruments of Exchange Rate Management
   Palgrave Macmillan
5. The Case for Exchange Rate Management
   Palgrave Macmillan