Geert Bekaert
Professor of Business
Finance
Joined CBS in 1999
Office:
1123
Kravis
Phone:
212-854-9156
E-mail:
[email protected]
Fax:
212-316-9180
Personal Website
Curriculum Vitae
Biography
Professor Bekaert teaches courses on international finance, empirical asset pricing and investments. His research focus is international finance, with a particular interest in foreign exchange market efficiency, exchange rate determination and international and emerging equity markets. He is also interested in portfolio management. He is an associate editor of the Journal of Financial and Quantitative Analysis, the Journal of Finance, the Emerging Markets Review and the Pacific Basin Finance Journal and is coeditor of the Journal of Empirical Finance. Bekaert is also a research associate at the National Bureau of Economic Research.
Teaching
Spring 2022
Asset Management
(EMBA)
(PhD) Financial Econometrics: Time series
(PHD)
Spring 2021
Fall 2021
Asset Management
(MBA)
Asset Management
(EMBA)
Fall 2020
Asset Management
(EMBA)
Asset Management
(MBA)
Spring 2019
Fall 2019
Asset Management
(MBA)
Asset Management
(EMBA)
Spring 2018
Fall 2018
Columbia Caseworks cases
Valuing Currency Management: TOM vs. U.S. Commerce Bank
(2012)
Coauthor(s): Geert Bekaert
Research
Journal articles
Currency Factors
In Management Science
(forthcoming)
Coauthor(s): Arash Aloosh, Geert Bekaert
Macro Risks and the Term Structure of Interest Rates
In Journal of Financial Economics
(forthcoming)
Coauthor(s): Geert Bekaert, Eric Engstrom, Andrey Ermolov
Risk and Return in International Corporate Bond Markets
In Journal of International Financial Markets, Institutions and Money
(2021)
Coauthor(s): Geert Bekaert, Roberto De Santis
Aggregate Demand and Aggregate Supply Effects of Covid-19: A Real-time Analysis
In Covid Economics
(2020)
Coauthor(s): Geert Bekaert, Eric Engstrom, Andrey Ermolov
Good Carry, Bad Carry
In Journal of Financial and Quantitative Analysis
(2020)
Coauthor(s): Geert Bekaert, George Panayotov
On the Global Financial Market Integration 'Swoosh' and the Trilemma
In Journal of International Money and Finance
(2019)
Coauthor(s): Geert Bekaert, Arnaud Mehl
Who Is Internationally Diversified? Evidence from 296 401(k) Plans
In Journal of Financial Economics
(2017)
Coauthor(s): Geert Bekaert, Kenton Hoyem, Wei-Yin Hu
What Do Asset Prices Have to Say About Risk Appetite and Uncertainty?
In Journal of Banking and Finance
(2016)
Coauthor(s): Geert Bekaert, Marie Hoerova
Bad Environments, Good Environments: A Non-Gaussian Asymmetric Volatility Model
In Journal of Econometrics
(2015)
Coauthor(s): Geert Bekaert, Eric Engstrom, Andrey Ermolova
Macroeconomic Regimes
In Journal of Monetary Economics
(2015)
Coauthor(s): Lieven Baele, Geert Bekaert, Seonghoon Cho, Koen Inghelbrecht, Antonio Moreno
The VIX, the Variance Premium and Stock Market Volatility
In Journal of Econometrics
(2014)
Coauthor(s): Geert Bekaert, Marie Hoerova
Political Risk Spreads
In Journal of International Business Studies
(2014)
Coauthor(s): Geert Bekaert, Campbell Harvey, Christian Lundblad, Stephan Siegel
The European Union, the Euro and Equity Market Integration
(2013)
Coauthor(s): Geert Bekaert, Campbell Harvey, Christian Lundblad, Stephan Siegel
Aggregate Idiosyncratic Volatility
In <a href="http://dx.doi.org/10.1017/S0022109012000543">Journal of Financial and Quantitative Analysis</a>
(2012)
Coauthor(s): Geert Bekaert, Robert Hodrick, Xiaoyan Zhang
Global Crises and Equity Market Contagion
In Journal of Finance
(2012)
Coauthor(s): Geert Bekaert, Michael Ehrmann, Marcel Fratzscher, Arnaud Mehl
Financial Openness and Productivity
In World Development
(2011)
Coauthor(s): Geert Bekaert, Campbell Harvey, Christian Lundblad
What Segments Equity Markets?
In Reviewof Financial Studies
(2011)
Coauthor(s): Geert Bekaert, Campbell Harvey, Christian Lundblad, Stephan Siegel
Stock and Bond Returns with Moody Investors
In Journal of Empirical Finance
(2010)
Coauthor(s): Geert Bekaert, Eric Engstrom, Steven Grenadier
Inflation and the Inflation Risk Premium
In Economic Policy
(2010)
Coauthor(s): Geert Bekaert, Xiaozheng Wang
New Keynesian Macroeconomics and the Term Structure
In Journal of Money, Credit and Banking
(2010)
Coauthor(s): Geert Bekaert, Seonghoon Cho, Antonio Moreno
Inflation and the Stock Market: Understanding the 'Fed Model'
In Journal of Monetary Economics
(2010)
Coauthor(s): Geert Bekaert, Eric Engstrom
The Determinants of Stock and Bond Return Comovements
In Review of Financial Studies
(2010)
Coauthor(s): Lieven Baele, Geert Bekaert, Koen Inghelbrecht
International Stock Return Comovements
In Journal of Finance
(2009)
Coauthor(s): Geert Bekaert, Robert Hodrick, Xiaoyan Zhang
Risk, Uncertainty, and Asset Prices
In Journal of Financial Economics
(2009)
Coauthor(s): Geert Bekaert, Eric Engstrom, Yuhang Xing
Do Macro Variables, Asset Markets, or Surveys Forecast Inflation Better?
In Journal of Monetary Economics
(2007)
Coauthor(s): Geert Bekaert, Min Wei
Liquidity and Expected Returns: Lessons from Emerging Markets
In Review of Financial Studies
(2007)
Coauthor(s): Geert Bekaert, Campbell Harvey, Christian Lundblad
Stock Return Predictability: Is It There?
In Review of Financial Studies
(2007)
Coauthor(s): Geert Bekaert
Uncovered Interest Rate Parity and the Term Structure
In Journal of International Money and Finance
(2007)
Coauthor(s): Geert Bekaert, Min Wei, Yuhang Xing
Does Financial Liberalization Spur Growth?
In Journal of Financial Economics
(2005)
Coauthor(s): Geert Bekaert, Campbell Harvey, Christian Lundblad
Why Stocks May Disappoint
In Journal of Financial Economics
(2005)
Coauthor(s): Geert Bekaert, Jun Liu
Market Integration and Contagion
In Journal of Business
(2005)
Coauthor(s): Geert Bekaert, Campbell Harvey, Angela Ng
Conditioning Information and Variance Bounds on Pricing Kernels
In Review of Financial Studies
(2004)
Coauthor(s): Geert Bekaert, Jun Liu
How Do Regimes Affect Asset Allocation?
In Financial Analysts Journal
(2004)
Coauthor(s): Geert Bekaert
Emerging Markets Finance
In Journal of Empirical Finance
(2003)
Coauthor(s): Geert Bekaert, Campbell Harvey
Dating the Integration of World Equity Markets
In Journal of Financial Economics
(2002)
Coauthor(s): Geert Bekaert, Campbell Harvey, Robin Lumsdaine
Research in Emerging Markets Finance: Looking to the Future
In Emerging Markets Review
(2002)
Coauthor(s): Geert Bekaert, Campbell Harvey
The Dynamics of Emerging Market Equity Flows
In Journal of International Money and Finance
(2002)
Coauthor(s): Geert Bekaert, Campbell Harvey, Robin Lumsdaine
On Biases in Tests of the Expectation Hypothesis of the Term Structure of Interest Rates
In Journal of Financial Economics
(1997)
Coauthor(s): Geert Bekaert, Robert Hodrick, David Marshall
Time-Varying World Market Integration
In Journal of Finance
(1995)
Coauthor(s): Geert Bekaert, Campbell Harvey
Characterizing Predictable Components in Excess Returns on Equity and Foreign Exchange Markets
In Journal of Finance
(1992)
Coauthor(s): Geert Bekaert, Robert Hodrick
Books
International Financial Management
(2017)
Coauthor(s): Geert Bekaert, Robert Hodrick
International Financial Management
(2012)
Coauthor(s): Geert Bekaert, Robert Hodrick
International Financial Management
(2008)
Coauthor(s): Geert Bekaert, Robert Hodrick
Working papers
Risk, Monetary Policy and Asset Prices in a Global World
(2020)
Coauthor(s): Geert Bekaert, Marie Hoerova, Nancy Xu
The Variance Risk Premium in Equilibrium Models
(2020)
Coauthor(s): Geert Bekaert, Eric Engstrom, Andrey Ermolov
Variance Risk in Global Markets
(2019)
Coauthor(s): Geert Bekaert, Robert Hodrick, Andrea Kiguel
The International Commonality of Idiosyncratic Variances
(2018)
Coauthor(s): Geert Bekaert, Robert Hodrick, Xue Wang, Xiaoyan Zhang
Political Risk and International Valuation
(2015)
Coauthor(s): Geert Bekaert, Campbell Harvey, Christian Lundblad, Stephan Siegel
An Anatomy of Central and Eastern European Equity Markets
(2015)
Coauthor(s): Lieven Baele, Geert Bekaert, Larissa Schafer
Emerging Equity Markets in a Globalizing World
(2013)
Coauthor(s): Geert Bekaert, Campbell Harvey
Risk, Uncertainty and Monetary Policy
(2013)
Coauthor(s): Geert Bekaert, Marie Hoerova, Marco Lo Duca
Inflation Risk and the Inflation Risk Premium
(2010)
Coauthor(s): Geert Bekaert, Xiaozheng Wang
Stock and Bond Returns with Moody Investors
(2010)
Coauthor(s): Geert Bekaert, Eric Engstrom, Steven Grenadier
Globalization and Asset Prices
(2009)
Coauthor(s): Geert Bekaert, Xiaozheng Wang
Asset Return Dynamics under Bad Environment-Good Environment Fundamentals
(2009)
Coauthor(s): Geert Bekaert, Eric Engstrom
Financial Openness and Productivity
In NBER Working Paper No. 14843
(2009)
Coauthor(s): Geert Bekaert, Campbell Harvey, Christian Lundblad
Home Bias Revisited
(2009)
Coauthor(s): Geert Bekaert, Xiaozheng Wang
The Term Structure of Real Rates and Expected Inflation
(2006)
Coauthor(s): Geert Bekaert
Global Growth Opportunities and Market Integration
(2004)
Coauthor(s): Geert Bekaert, Campbell Harvey, Christian Lundblad, Stephan Siegel
Growth Volatility and Financial Liberalization
(2004)
Coauthor(s): Geert Bekaert, Campbell Harvey, Christian Lundblad
Stock and Bond Pricing in an Affine Economy
(2001)
Coauthor(s): Geert Bekaert, Steven Grenadier
Case studies
Valuing Currency Management: TOM vs. U.S. Commerce Bank
(2011)
Coauthor(s): Geert Bekaert