Karfakis, Costas

Education

Ph.D., Economics, University of Essex, UK, 1988
M.A., Economics, University of Essex, UK, 1984
B.A., Economics, Aristotle University of Thessaloniki, GREECE, 1981

Selected Publications

1. Testing for Long Run Purchasing Power Parity: A Time Series Analysis for the Greek Drachma, Economics Letters, 30, 245-48, 1989 (With D. Moschos).
2. Interest Rate Linkages Within the European Monetary System: A Time Series Analysis, Journal of Money, Credit, and Banking, 22, 388-94, 1990 (With D. Moschos).
3. Uncovered Interest Parity for Major Currencies, The Manchester School Journal, LXII, 184-98, 1994 (With A. Parikh).
4. The Information Content of the Yield Curve in Australia, Journal of Macroeconomics, 17, 93-109, 1995 (With D. Moschos).
5. Exchange Rates, Interest Rates and the Current Account News: Some Evidence from Australia, Journal of International Money and Finance, 14, 575-95, 1995 (With Suk-Joong Kim).
6. Modelling the Australian Dollar-US Dollar Exchange Rate Using Co-integration Techniques, Review of International Economics, 7, 265-79, 1999 (With A. Phipps).
7. Searching for Indicators of Foreign Exchange Market Pressure: Evidence from Greece, International Journal of Finance and Economics, 4, 63-73, 1999 (With D. Moschos).
8. Testing the Credibility of Stabilisation Programs: Evidence from Greece, International Journal of Finance and Economics, 5, 165-73, 2000 (With Μ. Sidiropoulos and J. Trabelsi).
9. Predicting the Crises of the Greek Drachma, Review of Development Economics, 6, 329-336, 2002.
10. Capital Mobility and Inflation Persistence: Theory and Evidence from Greece, International Journal of Finance and Economics, 9, 1-9, 2004 (With D. Moschos and M. Sidiropoulos).
11. Has the “Franc Fort” Exchange Rate Policy Affected the Inflationary Dynamics? Theory and New Evidence, International Economic Journal, 19, 379-395, 2005 (With Μ. Sidiropoulos and J. Trabelsi).
12. Is There an Empirical Link Between the Dollar Price of the Euro and the Monetary Fundamentals? Applied Financial Economics, 16, 973-80, 2006.
13. What Determines the Forward Exchange Rate of the Euro? Applied Financial Economics Letters, 4, 127-131, 2008.
14. Money and Real Output in Euro Area: Is Money Redundant? International Economic Journal, 27, 487-496, 2013.
15. Credit and Business Cycles in Greece: Is There Any Relationship? Economic Modelling, 32, 23-29, 2013.
16. Does Output Predict Unemployment: A Look at Okun’s Law in Greece, International Labour Review, 153, 421-434, 2014 (With C. Katrakilidis and E. Tsanana).
17. The Effects of Global Monetary Policy and Greek Debt Crisis on the Dynamic Conditional Correlations of Currency Markets, Empirica, 42, 795-811, 2015 (With T. Panagiotidis).
18. Is the Financial Cycle a Leading Indicator of Real Output During Expansions and Contractions: A Quantile Analysis for Greece, The Journal of Economic Asymmetries, 18, 2018 (With E. Karfaki).
19. Quantitative Easing and Systemic Risk in the Post-Lehman Era, Applied Economics Letters, 2022 (With I. Karfakis).
20. Global Financial Cycle and Eurozone’s Financial Stress: Quantitative Easing Matters (With I. Karfakis), Journal of Economics and Finance, 2025. https://doi.org/10.1007/s12197-024-09697-4.