fbpx John Beirne, Research Fellow | Asian Development Bank

Ideas for Developing Asia and the Pacific

John Beirne, Research Fellow

John Beirne

John Beirne

John Beirne joined the Asian Development Bank Institute as a Research Fellow in March 2019.

His research interests are centered on international finance and macroeconomics. Previously, he worked at the European Central Bank for over ten years mainly on research and analysis of global financial market developments, commodities, and financial stability, as well as global governance issues. He has also worked for a shorter period at the IMF, in academia, and as an economic consultant in the private sector. He holds a PhD in Economics from Brunel University in the United Kingdom. John has published over 20 articles in journals such as the Journal of International Money and Finance, Economic Modelling, Review of International Economics, Emerging Markets Review, International Review of Applied Economics, and China Economic Review.

Financial Cycles in Asset Markets and Regions.

Economic Modelling, forthcoming.

Volatility Spillovers of Unconventional Monetary Policy to Emerging Market Economies.

With A. Apostolou. Economic Modelling, Vol. 79(C), pp. 118-129, 2019.

Macroprudential Policies, Capital Flows, and the Structure of the Banking Sector.

With C. Friedrich. Journal of International Money and Finance, Vol. 75, pp. 47-68, 2017.

The performance Impact of Firm Ownership Transformation in China: Mixed Ownership vs. Fully Privatised Ownership.

With G.S. Liu and S. Pen. Journal of Chinese Economic and Business Studies, Vol. 13(3), pp. 197-216, 2015.

Interdependence and Contagion in Global Asset Markets.

With J. Gieck. Review of International Economics, Vol. 22(4), pp. 639-659, 2014.

The Pricing of Sovereign Risk and Contagion During the European Sovereign Debt Crisis

With M. Fratzscher. Journal of International Money and Finance, Vol. 34(C), pp. 60-82, 2013.

Liquidity Risk, Credit Risk and the Overnight Interest Rate Spread: A Stochastic Volatility Modelling Approach.

With G.M. Caporale, and N. Spagnolo. The Manchester School, Vol. 81(6), pp. 925-940, 2013.

Volatility Spillovers and Contagion from Mature to Emerging Stock Markets.

With G.M. Caporale, M. Schulze-Ghattas and N. Spagnolo. Review of International Economics, Vol. 21(5), pp. 1060-1075, 2013.

Global Oil Prices and the Impact of China

With C. Beulen, G. Liu, and A. Mirzaei. China Economic Review, Vol. 27(C), pp. 37-51, 2013.

Labour Supply and Pollution in China

With J. Yang, G. Liu, and P. Sheng. Applied Economics Letters, Vol. 20(10), pp. 949-952, July, 2013.

Market Structure and Bank Profitability: Emerging Versus Advanced Economies.

With G. Liu, and A. Mirzaei. Economics Bulletin, Vol. 32(4), pp. 3166-3173, 2012.

The Long-Run Convergence of Exchange Rates and Prices in the European Union.

International Review of Applied Economics, Vol. 26(3), pp. 367-385, 2012.

The EONIA Spread Before and During the Crisis of 2007 to 2009 – the Role of Liquidity and Credit Risk.

Journal of International Money and Finance, Vol. 31, pp. 534-551, 2012.

Electricity Prices in China and the Role of the State

With G. Liu, and L. Zhang. Economics Bulletin, Vol. 32(1), pp. 466-474, 2012.

Exchange Rate Pass-Through in the Central and Eastern European EU Member States

With M. Bijsterbosch. Journal of Policy Modeling, Vol. 33(2), pp. 241-254, 2011.

Global and Regional Spillovers in Emerging Stock Markets – A Multivariate Garch-in-Mean Analysis.

With G.M. Caporale, M. Schulze-Ghattas, and N. Spagnolo. Emerging Markets Review 11(3), pp. 250-260, 2010.

Vulnerability of Inflation in the New EU Member States to Country-Specific and Global Factors.

Economics Bulletin, Vol. 29(2), pp. 1421-1432, 2009.

Market, Interest Rate and Exchange Rate Risk Effects on Financial Stock Returns: A GARCH-M Approach.

With G.M. Caporale, and N. Spagnolo.Quantitative and Qualitative Analysis in Social Sciences, Vol. 3(2), pp. 44-68 (Special Issue on Empirical Finance), 2009.

Limitation of Panel Cointegration: Application to PPP in the EU.

International Advances in Economic Research, Vol. 15(2), pp. 261-262, 2009.

Real Exchange Rate Dynamics and Monetary Integration in Crisis-Affected Regions

Journal of International and Global Economic Studies, Vol. 1(2), pp. 1-25, 2008.

The Equity Premium and Inflation.

With G. de Bondt. Applied Financial Economics Letters, Vol. 4(6), pp. 439-442, 2008.

Is the Real Exchange Rate Stationary? – The Application of Similar Tests for a Unit Root in the Univariate and Panel Cases.

With J. Hunter and M. Simpson. Quantitative and Qualitative Analysis in Social Sciences, Vol. 1(2), pp. 55-70, 2007.

Educational Inputs and Outcomes Before the Transition from Communism.

With N. Campos. The Economics of Transition, Vol. 15(1), pp. 57-76, 2007.

5 March 2020 Characterizing financial cycles: Are emerging markets different? - Asia Pathways

A feature of the academic literature on financial cycles relates to the fact that it almost exclusively focuses on selected advanced economies, the findings of which may not necessarily hold for emerging economies. Global capital flow developments and monetary policies in advanced economies mean that financial cycle dynamics may differ substantially in emerging economies, not only in terms of turning points but also with regard to which asset market cycle best characterizes the financial cycle.

10 January 2020 Macroeconomic stabilization in the digital age: What should policy makers be aware of? - Asia Pathways

The rise of the digital age has created challenges for policy makers around the globe in managing their economies. Early work on this issue by Cecchetti (2002) noted that macroeconomic management becomes more complex in an environment of digitalization given shifting trend productivity and difficulties in estimating potential output.

The Pricing of Sovereign Risk and Contagion During the European Sovereign Debt Crisis.

With M. Fratzscher. In edited volume The Economics of Sovereign Debt, R.W. Kolb (ed.), John Wiley & Son, pp. 60-82, 2016.

Financial Spillovers and Contagion from Mature to Emerging Stock Markets.

With G.M. Caporale, M. Schulze-Ghattas and N. Spagnolo. In edited volume Financial Contagion: The Viral Threat to the Wealth of Nations, R.W. Kolb (ed.), John Wiley & Son, pp. 163-169, 2011.