Research

Publications

“Labor Supply as a Buffer: The Implication of Credit Constraints in the US” with Muhammad Nawaz, and Niraj Koirala. Journal of Risk and Financial Management, 2025, Vol 18.

“Financial Development and Policy Effectiveness” with Ahmed Kamara, Niraj Koirala, and Jeffrey Zimmerman. Journal of Risk and Financial Management, 2024, Vol 16.

“Impact of Non-Normality of Returns on the Informational Efficiency of Stock Prices” with Lucas Dille, and Brian Nichols. Journal of Economic Insights, 2024, Vol 50.

“The Role of Education in Capital Markets’ Liquidity” with Ahmed S. Baig, and David Y. Aharon. Journal of International Financial Markets, Institutions and Money, 2023, Vol. 86.

“Volatility Persistence and Asymmetric Volatility Analysis of Major Cryptocurrencies: New Evidence from Structural Break Models” with David Y. Aharon, Ali Jaffri, and Brian Nichols. International Review of Financial Analysis, 2023, Vol. 87.

“Do Retail Traders Destabilize Financial Markets? An Investigation Surrounding the COVID-19 Pandemic” with Ahmed S. Baig, Benjamin Blau, and Awaid Yasin, Journal of Banking and Finance, 2023, Vol. 147.

“Estimating Value-at-Risk Models for Non-Conventional Equity Market Index” with Ahmed S. Baig and Rizwan Khalid, Review of Financial Economics, 2022, Vol. 40.

“Does innovation explain the skewness of stock returns?” with Ahmed S. Baig, Abrar Fitwi, and Joey Smith, American Business Review,  2021, Vol. 24.

“Deaths, Panic, Lockdowns and US Equity Markets: The Case of COVID-19 Pandemic” with Ahmed S. Baig, Omair Haroon, and SAR Rizvi, Finance Research Letters, 2021, Vol. 38.

“Forecasting Risk in the US Dollar Exchange Rate under Volatility Shifts” with Farooq Malik, The North American Journal of Economics and Finance, 2020, Vol. 54.

“Estimating Volatility Transmission between Oil Prices and the US Dollar Exchange Rate under Structural Breaks” Journal of Economics and Finance, 2019, Vol. 43.

“Forecasting Value-at-Risk in Oil Prices in the Presence of Volatility Shifts” with Bradley Ewing and Farooq Malik, Review of Financial Economics, 2019, Vol. 37.

“Oil Prices and Exchange Rates” with Farooq Malik, book chapter in the Routledge Handbook of Energy Economics, 2019.

Working Papers

“Economic and Sectoral Impacts of the U.S. Withdrawal from the Paris Agreement on Global Carbon Emissions”, with Misak Avetsiyan and Ali Jaffri.

“Shock Transmission in a Warming World: Energy Uncertainty, Climate Risk, and Vulnerability in LMICs”, with Ali Jaffri, Ayush Jha, and Usman Shahid.

“Monetary Policy & Inflation Expectations: Do Local Conditions Matter?”, with Awaid Yasin and Zahid Ali. 

Work in Progress

“Shock and volatility transmission in the oil, exchange rate, and stock returns: Multivariate GARCH approach.” 

“Integrating the Social Cost of Carbon into Carbon Pricing for Energy and Transport in a Developing Economy – An Empirical CGE Analysis”, with Misak Avetsiyan and Ali Jaffri.

“FinTech and Climate Policy” with Niraj Koirala.