Banking and financial markets
Our banking and financial markets research examines the functioning of financial markets and the institutions that operate in those markets.
Using a range of approaches – including economics, law and psychology – we're exploring topics ranging from the stability of the banking system and the legal regulation of banks, to the trading behaviour of professional and amateur traders.
Recent financial crises have demonstrated the need to better understand the pricing of complex derivatives and the interdependence of those markets – and our research is also examining these markets and their interdependence, furthering our understanding of the causes of the crisis and the progress in ensuring the financial system is more secure.
The crisis also demonstrated the importance of regulation, and we employ an interdisciplinary approach, encompassing academics from the School of Law as well as Portsmouth Business School.
Our research is regularly published in leading journals within the field, including the Journal of Banking and Finance; Journal of International Financial Markets, Institutions and Money; Journal of International Banking Law & Regulation; and Economic Theory.
Our research focuses on the following topics
- Dynamic interactions between and within the economy and financial markets
- Bank supervision and regulation
- Financial markets and the environment
- High frequency trading and liquidity in foreign exchange markets
- Information in financial markets
- Islamic finance
- Overvaluation and earnings management
- Risk and volatility
- Financialisation of commodity markets
Our research makes use of quantitative research methods, and econometrics methods including time series and panel data. We occasionally use of large datasets – sometimes high frequency – and from these, we estimate structural models to test for causal relationships. We also employ economic theory to build theoretical models from first principles.
Our law-related research can result from qualitative works, involving review and analysis of financial regulation, case-law and legal literatures. It also employs empirical legal methods that typically apply to economics, psychology and sociology, to explore the interplay between financial regulation and governance with relevant stakeholders and the wider society.
Publication highlights include
Journal of Business Research, Volume 97, 2019, p. 104-116, Chrysovalantis Gaganis, Iftekhar Hasan, Giota Papadimitri, Menelaos Tasiou
Journal of International Financial Markets, Institutions and Money, p. 78-97, 2018, Dr Alexis Stenfors
Economic Theory, 2018, Dr Alessia Testa
Journal of International Banking Law & Regulation, Volume 32, Issue 6, 2017, p. 261-268, Professor James McCalman, Angus Young, Raymond Chan
Journal of International Financial Markets, Institutions and Money, Volume 40, 2016, p. 111-133, Dr Renatas Kizys, Nikos Paltalidis, Dr Konstantinos Vergos
Journal of Banking and Finance, Volume 61, Supplement 1, 2015, s36-s52, Nikos Paltalidis, Dimitrios Gounopoulos, Dr Renatas Kizys, Yiannis Koutelidakis
Discover our areas of expertise
Banking and financial markets is one of 3 areas of expertise within our Finance research – explore the others below.
We're working to improve our understanding of asset pricing in capital markets, especially in relation to the performance of Initial Public Offerings.
Interested in a PhD in Finance?
Browse our postgraduate research degrees – including PhDs and MPhils – at our Finance postgraduate research degrees page.