Publications
Liu, Jinan, Apostolos Serletis. 2025. ``Volatility and Dependence in Crude Oil and Agricultural Commodity Markets.'' Applied Economics, 57(12), 1314--1325.
Liu, Jinan, Victor Valcarcel. 2024. ``Hedging Inflation Expectations in the Bitcoin Spot and Futures Markets.'' Journal of Financial Stability, 70, 101205.
Liu, Jinan, Apostolos Serletis. 2023. "Volatility and Dependence in Cryptocurrency and Financial Markets: A Copula Approach." Studies in Nonlinear Dynamics and Econometrics 2, 22 - 29.
Liu, Jinan, Apostolos Serletis. 2023. "Volatility and Dependence in Energy Markets." Journal of Economics and Finance 47, 15 - 37.
Liu, Jinan, Apostolos Serletis. 2022. "Credit Cards, the Demand for Money, and Monetary Aggregates." Macroeconomic Dynamics 26 (8), 2161 - 2203.
Liu, Jinan, Apostolos Serletis. 2022. "World Commodity Prices and Economic Activity in Advanced and Emerging Economies." Open Economies Review 33, 347-374.
Liu, Jinan, and Apostolos Serletis. 2022. "The Complex Relationship between Inflation and Equity Returns." Journal of Economic Studies 49 (1), 159 - 184. (No revision requested).
Liu, Jinan, Sajjadur Rahman and Apostolos Serletis. 2021. "Cryptocurrency Shocks." The Manchester School 89, 190-202.
Serletis, Apostolos, and Jinan Liu. 2020. "Inflation and Economic Activity in Advanced and Emerging Economies." International Journal of Finance and Economics 1-28.
Liu, Jinan, Cosmas Derry, and Apostolos Serletis. 2020. "Recent Monetary Policy and the Credit Card-Augmented Divisia Monetary Aggregate." Journal of Macroeconomics 64.
Liu, Jinan, and Apostolos Serletis. 2020. "Money Growth Variability and Output: Evidence with Credit Card-Augmented Divisia Monetary Aggregates." Studies in Nonlinear Dynamics and Econometrics 24 (5).
Barnett, William, and Jinan Liu. 2019. "User Cost of Credit Card Services under Risk with Intertemporal Nonseparability." Journal of Financial Stability 42: 18-35. Invited Submission to the Special Issue on Financial Services Indices, Liquidity and Economic Activity.
Liu, Jinan, and Apostolos Serletis. 2019. "Volatility in the Cryptocurrency Market." Open Economies Review 30: 779-811.
Working Paper
Liu, Jinan. 2026. "Money Growth and Inflation: Evidence with Credit Card-augmented Divisia Monetary Aggregates." Working paper at the Center for Financcial Stability, Advances in Monetary and Financial Measurement (AMFM).
Work in Progress
"The Relationship between Equity and Bond Returns" (with Apostolos Serletis)
"Cryptocurrency and Financial Markets" (with Victor Valcarcel)
"The Euro Area Monetary Asset Demand System - A Copula Approach" (with Barry Jones and Adrian Fleissig)