Curriculum Vitae Martin T. Bohl - Trinity College Dublin

Personal
Curriculum Vitae
Martin T. Bohl
Addresses Office
European University Viadrina Frankfurt (Oder)
Department of Economics
Große Scharrnstraße 59
15230 Frankfurt (Oder), Germany
Phone: ++49 335 5534 2984
Fax: ++49 335 5535 2959
E-mail: bohl@euv-frankfurt-o.de
Web: http://viadrina.euv-frankfurt-o.de/fwkmt/
Home
Biebener Weg 1
36323 Grebenau-Wallersdorf
Phone: ++49 6646 918717
Fax: ++49 6646 918716
Languages: German and English
Citizenship: German
Born: September 14, 1962, Fulda, Germany
Positions
2000 – present C4-Professor, European University Viadrina
Frankfurt (Oder), Chair of Finance and Capital
Market Theory
1989 – 1999 Research Assistant, Justus-Liebig-University
Gießen, Department of Economics

Academic Education
2000 Habilitation, venia legendi in economics, Justus-
Liebig-University Gießen
1995 Dr. rer. pol. (equivalent to PhD), summa cum
laude, Justus-Liebig-University Gießen
1989 Diplom-Volkswirt, Justus-Liebig-University Gießen
Academic Experience
08/2005, 09/2005 Visiting Researcher, Bank of Finland, Helsinki
11/2004 Guest Professor „Advanced Training Course on
Capital Markets”, Monetary Policy Department,
People’s Bank of China, Peking, China
03/2004 Guest Editor „Economic Systems“ Special Issue:
Emerging Financial Systems in Central and Eastern
Europe: Financial Institutions and Asset Pricing
06/2003 Best Paper Award in Institutional Trading, 10 th
Global Finance Conference 2003 in Frankfurt/
Main, with Bartosz Gebka and Harald Henke
04/2003, 11/2003 Visiting Professor, Banking, Sup de Co Montpellier,
France
03/2003, 08/2002, 09/2002 Visiting Researcher, Research Center of the Deutsche
Bundesbank, Frankfurt/Main
09/2001 Visiting Professor, International Finance, Instituto
Tecnologico y de Estudios Superiores de Monterrey
(TEC), Cuernavaca, Mexico
06/2001 – present Research Member, Viessmann Research Center on
Modern Europe at Laurier, Wilfrid Laurier University,
Waterloo, Canada
09/1999 Visiting Researcher, Wilfrid Laurier University,
Waterloo, Canada, Research Project: International
Perspectives on Inflation Targeting
06/1998 Visiting Scholar, Universitat Rovira i Virgili, Reus,
Spain
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03/1998 Visiting Researcher, Claremont McKenna College,
California, USA, Research Project: International
Perspectives on Inflation Targeting
10/1997 – 09/2000 Grant from the German American Academic
Council Foundation, Research Project: International
Perspectives on Inflation Targeting, with Pierre
L. Siklos, Wilfrid Laurier University, Waterloo,
Canada
07/1997, 08/1997 Visiting Exchange Professor, Monetary Theory,
University of Wisconsin-Milwaukee, Wisconsin,
USA
Publications
Articles in Refereed Journals
Do Institutional Investors Destabilize Stock Prices? Evidence from an Emerging Market,
with Janusz Brzeszczyński, Journal of International Financial Markets,
Institutions and Money, forthcoming 2005.
Financial Contagion Vulnerability and Resistance: A Comparison of European Capital
Markets, with Dobromil Serwa, Economic Systems, forthcoming 2005.
The Bundesbank’s Communications Strategy and Policy Conflicts with the Federal
Government, with Pierre L. Siklos, Southern Economic Journal, forthcoming
2005.
Steht der deutsche Aktienmarkt unter politischem Einfluss?, zusammen mit Katrin
Gottschalk, Finanzbetrieb, forthcoming 2005.
Empirical Evidence on Cross-Listed Stocks of Central and Eastern European Companies,
with Piotr Korczak, Emerging Markets Review, forthcoming 2005.
Institutional Traders’ Behavior in an Emerging Stock Market: Empirical Evidence on
Polish Pension Fund Investors, with Svitlana Voronkova, Journal of Business
Finance and Accounting, forthcoming 2005.
Do Positive Feedback Traders Act on Germany’s Neuer Markt?, with Stefan Reitz,
Quarterly Journal of Business and Economics, forthcoming 2005.
The Information Content of Registered Insider Trading Under Lax Law Enforcement,
with Tomasz P. Wisniewski, International Review of Law and Economics,
forthcoming 2005.
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Institutional Trading and Stock Return Autocorrelation: Empirical Evidence on Polish
Pension Fund Investors‘ Behavior, with Bartosz Gebka and Harald Henke,
Global Finance Journal, Special Issue, forthcoming 2005.
The Bundesbank’s Monetary Policy and Asymmetries in the German Term Structure,
with Pierre L. Siklos, Review of International Economics, Volume 12, Issue 3,
2004, 495 – 508.
The Present Value Model of US Stock Prices Redux: A New Testing Strategy and
Some Evidence, with Pierre L. Siklos, Quarterly Review of Economics and Finance,
Volume 44, Issue 2, 2004, 208 – 223.
Die Aktienhaussen der 80er- und 90er-Jahre: Waren es spekulative Blasen?, Kredit
und Kapital, 36. Jahrgang, Heft 4, 2003, 465 – 482.
The Demand for Money by Private Firms in a Regulated Economy: Theoretical Underpinnings
and Empirical Evidence for Germany 1960 – 1998, with Friedrich L.
Sell, Rivista Internazionale di Scienze Economiche e Commerciali, Volume
50, No. 4, 2003, 451 – 474.
Trading Volume and Stock Market Volatility: The Polish Case, with Harald Henke,
International Review of Financial Analysis, Volume 12, Issue 5, 2003, 513 –
525.
Periodically Collapsing Bubbles in the US Stock Market?, International Review of
Economics and Finance, Volume 12, Issue 3, 2003, 385 – 397.
Spatial Market Efficiency and Policy Regime Change: Seemingly Unrelated Error
Correction Model Estimation, with Stanley R. Thompson and Donggyu Sul,
American Journal of Agricultural Economics, Volume 84, Number 4, November
2002, 1042 – 1053.
German Monetary Unification and the Stability of the German M3 Money Demand
Function, with Mohsen Bahmani-Oskooee, Economics Letters, Volume 66, Issue
2, February 2000, 203 – 208.
Nonstationary Stochastic Seasonality and the German M2 Money Demand Function,
European Economic Review, Volume 44, Number 1, January 2000, 61 – 70.
Persistence in Government Spending Fluctuations: New Evidence on the Displacement
Effect. A Comment on Goff, Public Choice, Volume 99, Numbers 3 – 4, June
1999, 465 – 466.
Modellierung einer stabilen Geldnachfragefunktion für Deutschlands M2, Kredit und
Kapital, 32. Jahrgang, Heft 2, 1999, 209 – 224.
Buffer-Stock Komponenten in der Geldnachfrage von Deutschlands M3?, Schweizerische
Zeitschrift für Volkswirtschaft und Statistik, Volume 135, Number 4,
1999, 577 – 589.
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Testing the Long-Run Implications of the Neoclassical Growth Model: A Panel-Based
Unit Root Investigation for West German Länder 1970 – 1994, Journal of Macroeconomics,
Volume 21, Number 1, Winter 1999, 155 – 164.
Demand for Cash Balances in Germany: Theoretical Underpinnings and Empirical
Evidence, with Friedrich L. Sell, Applied Economics, Volume 30, 1998, 1017 –
1026.
Konvergenz westdeutscher Regionen? Neue empirische Ergebnisse auf der Basis von
Panel-Einheitswurzeltests, Konjunkturpolitik, 44. Jahrgang, Heft 1, 1998, 82 –
99.
Methoden und Ergebnisse der Terrorismusforschung in der quantitativen Ökonomie:
Ein Überblick, Jahrbuch für Wirtschaftswissenschaften, Band 48, Heft 2,
1997, 228 – 239.
Some International Evidence on Wagner’s Law, Public Finance, Volume 51, Number
2, 1996, 185 – 200.
Saisonale Kointegration und die deutsche Konsumfunktion 1960 – 1993, Jahrbücher
für Nationalökonomie und Statistik, Band 215/5, 1996, 526 – 541.
Cagan-Modell und Kointegrationskonzept: Empirische Ergebnisse für die Hyperinflation
1984/85 in Bolivien, Kredit und Kapital, Beiheft 13, 1995, 303 – 323.
Articles in Books and Non-Refereed Journals
Exchange Traded Funds: Charakteristiken eines neuen Finanzinstruments, with Harald
Henke and Marzena Kaczyńska, WISU, das wirtschaftsstudium, forthcoming
2005.
Wetter- und Politikeffekte als neue Aktienmarktanomalien, with Katrin Gottschalk,
WISU, das wirtschaftsstudium, forthcoming 2005.
Asset Prices in Taylor Rules: Specification, Estimation, and Policy Implications for
the ECB, with Pierre L. Siklos and Thomas Werner, Economic Research Centre
of the Deutsche Bundesbank, Discussion Paper No. 22/2004, September
2004.
The Stock Market and the Business Cycle in Periods of Deflation, (Hyper-) Inflation
and Political Turmoil: Germany 1913 – 1926, with Pierre L. Siklos, in: Richard
C. K. Burdekin and Pierre L. Siklos (Eds.), Deflation: Current and Historical
Perspectives, Cambridge University Press, 2004, 298 – 317.
Editorial: Emerging Financial Systems in Central and Eastern Europe: Financial Institutions
and Asset Pricing, with Hans-Jürgen Wagener, Economic Systems, Special
Issue, Volume 28, 2004, 109 – 110.
5

The Influence of Positive Feedback Trading on Return Autocorrelation: Evidence for
the German Stock Market, with Stefan Reitz, in: Stephan Geberl, Hans-Rüdiger
Kaufmann, Marco Menichetti and Daniel F. Wiesner (Eds.), Aktuelle Entwicklungen
im Finanzdienstleistungsbereich, Physica-Verlag, Heidelberg, 2004,
221 – 233.
Spekulative Blasen in deutschen Aktienkursen als Ursache exzessiver Volatilität, in:
Dieter Cassel, Herbert Müller and H. Jörg Thieme (Eds.), Stabilitätsprobleme
in der Marktwirtschaft: Prozesse und Strukturen. Festschrift für Artur
Woll zum 80. Geburtstag, Verlag Franz Vahlen, 2003, 185 – 196.
Did the Bundesbank React to Stock Price Movements? with Pierre L. Siklos and Thomas
Werner, Economic Research Centre of the Deutsche Bundesbank, Discussion
Paper 14/03, June 2003.
Studientext für das Modul „Finanzmärkte“, Hochschule der Sparkassen-Finanzgruppe,
Bonn, 2003.
Wachstumskonvergenz durch Außenhandelsliberalisierung? Eine Bestandsaufnahme
der empirischen Ergebnisse, in: Stefan Reitz (Ed.), Theoretische und
wirtschaftspolitische Aspekte der internationalen Integration. Festschrift für
Helga Luckenbach zum 68. Geburtstag, Duncker und Humblot, 2003, 243 –
253.
Did the Bundesbank React to Stock Price Movements? with Pierre L. Siklos and Thomas
Werner, Economic Research Centre of the Deutsche Bundesbank, Discussion
Paper 14/03, June 2003.
Spekulative Blasen in deutschen Aktienkursen als Ursache exzessiver Volatilität, in:
Dieter Cassel, Herbert Müller and H. Jörg Thieme (Eds.), Stabilitätsprobleme
in der Marktwirtschaft: Prozesse und Strukturen. Festschrift für Artur
Woll zum 80. Geburtstag, Verlag Franz Vahlen, 2003, 185 – 196.
The Stock Market and the Business Cycle in Periods of Deflation, (Hyper-) Inflation
and Political Turmoil: Germany 1913 – 1926, with Pierre L. Siklos, in: Richard
C. K. Burdekin and Pierre L. Siklos (Eds.), Deflation: Current and Historical
Perspectives, Cambridge University Press, forthcoming.
Wachstumskonvergenz durch Außenhandelsliberalisierung? Eine Bestandsaufnahme
der empirischen Ergebnisse, in: Stefan Reitz (Ed.), Theoretische und wirtschaftspolitische
Aspekte der internationalen Integration. Festschrift für
Helga Luckenbach zum 68. Geburtstag, Duncker und Humblot, 2003, 243 –
253.
Detecting Speculative Bubbles in Stock Prices: A New Approach and Some Evidence
for the US, with Pierre L. Siklos, Research Notes in Economics and Statistics,
Deutsche Bank Research Frankfurt/Main, September 2001.
6

Das Finanzsystem in Deutschland, with Volbert Alexander, in: Jürgen von Hagen and
Johann Heinrich von Stein (Eds.), Obst/Hintner: Geld-, Bank- und Börsenwesen,
40. Auflage, Schäffer-Poeschel Verlag, 2000, 447 – 470.
Forward Premium Puzzle und Peso-Problem, WiSt, Wirtschaftswissenschaftliches
Studium, 28. Jahrgang, Heft 8, 1999, 418 – 420.
Blüten als Waffe?, WISU, das wirtschaftsstudium, 28. Jahrgang, Nr. 5, 1999, 693.
Konsum, Vermögen und infiniter Planungshorizont, with Volbert Alexander, WISU,
das wirtschaftsstudium, 28. Jahrgang, Nr. 2, 1999, 229 – 234.
Die deutsche Bargeldnachfrage: Theoretische Fundierung und empirische Ergebnisse,
with Friedrich L. Sell, in: Christian Hipp (Ed.), Geld, Finanzwirtschaft, Banken
und Versicherungen 1996, Universität Karlsruhe, 1997, 169 – 188.
Neues von Cagans Geldnachfragefunktion, WiSt, Wirtschaftswissenschaftliches
Studium, 24. Jahrgang, Nr. 11, 1995, 585 – 587.
Monographs
Wachstum und Konvergenz deutscher Regionen unter besonderer Berücksichtigung
staatlicher Aktivitäten, unpublished Habilitationsschrift, Justus-Liebig-University
Gießen, November 1999.
Die deutsche Geldnachfrage: Empirische Ergebnisse zu den Eigenschaften von Feedback-
und Forward-Looking-Geldnachfragemodellen, Schriften zur Geldtheorie
und Geldpolitik, Centaurus-Verlagsgesellschaft, Pfaffenweiler, Dissertation,
1997.
Analyse der Produktivitätsentwicklung in den EG-Mitgliedstaaten, with Volbert Alexander,
Final Report on the Research Project „Die Konsequenzen einer Währungsunion
für Anpassungsmechanismen zwischen den Mitgliedstaaten der EG“,
Volkswagen-Stiftung.
Articles Under Review
Revise-and-Resubmit Status
Empirical Evidence on Feedback Trading in Mature and Emerging Stock Markets,
with Pierre L. Siklos, International Review of Financial Analysis, May 2005.
Do Words Speak Louder Than Actions? The Conduct of Monetary Policy at the
Bundesbank, with Pierre L. Siklos, Journal of Macroeconomics, May 2005.
7

International Evidence on the Democrat Premium and the Presidential Cycle Effect,
with Katrin Gottschalk, North American Journal of Economics and Finance,
May 2005.
Submitted Articles
Asset Prices in Taylor Rules: Specification, Estimation, and Policy Implications for
the ECB, with Pierre L. Siklos and Thomas Werner, International Journal of
Central Banking, October 2004.
Do Central Banks React to Stock Markets? The Case of the Bundesbank, with Pierre
L. Siklos and Thomas Werner, Journal of Financial Econometrics, October
2004.
Discount or Premium? New Evidence on the Corporate Diversification of UK Firms,
with Rozalia Pal, The Financial Review, September 2004.
Testing for Financial Spillovers in Calm and Turmoil Periods, with Jedrzej Bialkowski
and Dobromil Serwa, Quarterly Review of Economics and Finance, April
2005.
Conference Participation and Invited Research Seminars
2005 12 th Global Finance Conference, Trinity College Dublin, Ireland
Emerging Markets Finance Conference, Cass Business School, London,
United Kingdom
Eastern Finance Association Annual Meeting 2005, Norfolk, USA
Midwest Finance Association 54 th Annual Meeting, Milwaukee, USA
8 th Conference of the Swiss Society for Financial Market Research, Zürich,
Schweiz
Institute for International Integration Studies, Trinity College Dublin, Research
Seminar, Ireland
Workshop on Applied Economic Research, Deutsche Bundesbank, Frankfurt/Main
2004 Nicolaus Kopernikus University, Research Seminar Series, Torun, Poland
Eleventh Annual Meeting of the German Finance Association (DGF),
Eberhard-Karls-University, Tübingen.
Verein für Socialpolitik, Annual Meeting, Dresden
Deutsches Institut für Wirtschaftsforschung, Research Seminar, Berlin
8

Multinational Finance Society, Eleventh Annual Conference 2004, Istanbul,
Turkey
European Financial Management Association, 2004 Conference, Basel,
Switzerland
Viessmann Research Centre on Modern Europe, Fourth Annual Conference,
Universidade Nova de Lisboa, Lisbon, Portugal
3. Liechtensteinisches Finanzdienstleistungs-Symposium, Fachhochschule
Liechtenstein
Brown Bag Seminar, Arizona State University
Research Seminar, Westfälische Wilhelms University, Münster
2003 Research Seminar, Deutsche Bundesbank, Frankfurt/Main
Research Seminar, University of Hannover
Third Annual Conference, Viessmann Research Center on Modern Europe,
Wilfrid Laurier University, Waterloo, Canada
10 th Global Finance Conference, European Business School, Frankfurt/
Main
24 th SUERF Colloquium on Stability and Efficiency of Financial Markets in
Central and Eastern Europe, Tallinn, Estonia
Research Seminar, Zentrum für Europäische Wirtschaftsforschung, Mannheim
Research Seminar, „Internationalisierung von Geldpolitik und Finanzmärkten“,
University of the Federal Armed Forces Hamburg, HWWA, DEKA
Bank and University of Münster, Hamburg
Research Seminar, Deutsche Bundesbank, Frankfurt/Main
Research Seminar, Johann Wolfgang Goethe-University Frankfurt/Main
2002 9 th Symposium on Finance, Banking and Insurance, University of Karlsruhe
Invited Speaker, International Conference MacroModels 2002, University
of Lodz, Poland
XIII Congress of the International Economic History Association, Buenos
Aires, Argentina
Thünen Seminar of the European University Viadrina Frankfurt (Oder)
Workshop on European Capital Markets, Gdansk Institute on Market Economics,
Gdansk, Poland
Research Seminar, University of Witten-Herdecke
Research Seminar, HypoVereinsbank, Martin-Luther-University Halle-
Wittenberg
Joint Lunchtime Seminar, European Central Bank, Center for Financial
Studies and Deutsche Bundesbank, Frankfurt/Main
9

2001 First Annual Conference, Viessmann Research Center on Modern Europe,
Wilfrid Laurier University, Waterloo, Canada
Research Seminar, Deutsche Bundesbank
2000 Research Seminar (Habilitationsvortrag), Justus-Liebig-University Gießen
Research Seminar, University of Kassel
1999 8 th Symposium on Finance, Banking and Insurance, University of Karlsruhe
Annual Conference (Pfingsttagung) of the German Statistical Society, University
of Heidelberg
Research Seminar, Justus-Liebig-University Gießen
Congress of the International Atlantic Economic Society, Vienna
Research Seminar, University of the Federal Armed Forces München
1998 Research Seminar, European University Viadrina Frankfurt (Oder)
Congress of the European Economic Association, Humboldt-University
Berlin
Annual Conference (Pfingsttagung) of the German Statistical Society, Luwig-Maximilians-University
München
Economics Seminar, Claremont McKenna College, California, USA
1997 Research Seminar, Deutsche Bundesbank, Frankfurt/Main
1996 7 th Symposium on Money, Finance, Banking and Insurance, University of
Karlsruhe
Research Seminar, European University Viadrina Frankfurt (Oder)
Research Seminar, Center for Economic Studies (CES), Ludwig-Maximilians-University
München
1994 Operations Research 1994, TU Berlin
Refereeing
Economic Systems
Empirical Economics
The European Journal of Finance
The Financial Review
Global Finance Conference: Frankfurt/Main 2003
International Review of Economics and Finance
International Review of Financial Analysis
Journal of Applied Economics
Journal of Econometrics
Journal of Macroeconomics
Kredit und Kapital
10

North American Journal of Economics and Finance
Universität Innsbruck: Förderungsbeiträge der Tiroler Wirtschaftskammer
Verein für Socialpolitik, Jahreskonferenz, Dresden 2004
Zeitschrift für Bankrecht und Bankwirtschaft
Zeitschrift für Betriebswirtschaft
Professional Affiliations
01/2004 – present Verband der Hochschullehrer für Betriebswirtschaft
03/1999 – present Deutscher Hochschulverband
10/1996 – present Gesellschaft für Wirtschafts- und Sozialwissenschaften –
Verein für Socialpolitik
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