American Journal of Economics

American Journal of Economics is a peer-reviewed journal that employs economics to analyze issues in business, consumer behavior, and public policy. The Journal is focused on publishing both theoretical and empirical papers in finance and several closely related fields in economics.

Ata Assaf

Editorial Board Member of American Journal of Economics

Associate Professor, University of Windsor, Canada

Research Areas

Financial Econometrics, International Finance, Time Series, Econometrics, Emerging Markets


1994-1999Ph.DMcGill University, Montreal, Quebec, Canada
1992-1993M.A. EconomicsThe University of Western Ontario, London, Ontario, Canada
1989-1991D.H.S. in EconomicsThe University of Western Ontario, London, Ontario, Canada
1983-1987B.A. Business Administration Lebanese University, Beirut, Lebanon


2007-2008 Visiting Associate Professor The American University in Cairo, Cairo, Egypt
2007-2008Odette School of Business, University of Windsor, Windsor, Ontario, Canada
2005Associate Professor of Finance-Tenured,Odette School of Business, University of Windsor, Windsor, Ontario, Canada
2001-2005Assistant Professor of Finance-Tenure Track, Odette School of Business, University of Windsor, Windsor, Ontario, Canada

Academic Achievement

2007 "MBA Professor of the Year" Award
2006 "MBA Professor of the Year" Award
2005 Special Recognition Award for Research and Scholarship Excellence, University of Windsor
2004 Odette New Researcher Award (ONRA)
Miriam & Philip Vineberg Graduate Fellowship in Economics
2002 Academic Development Travel Fund ($1250)-University of Windsor
The University of Western Ontario Undergraduate Bursary
The Undergraduate Lebanese University Fellowship


Member: The American Finance Association (AFA)
Member: The Eastern Finance Association (EFA)
Member: The Southern Finance Association and The SouthEastern Finance Association
Member: The Canadian Economics Association
Member: Global Association of Risk Professionals (GARP)
Member: The Professional Risk Manager's International Association (PRMIA)
Member: The Middle East Economics Association (MEEA)

Publications: Conferences/Workshops/Symposiums/Journals/Books

[1]  Extreme Observations and Risk Assessment in the Equity Markets of MENA Region: Tail Measures and Value-at-Risk, International Review of Financial Analysis, 18, 2009, 109-116.
[2]  Long Memory in International Equity Markets: Revisited, Applied Financial Economics Letters, 4, 2008, 433-437.
[3]  Nonstationarity in Real Exchange Rates Using Unit Root Tests with a Level Shift at Unknown Time, International Review of Economics and Finance, 17(2), 2008, 269-278.
[4]  Hedging Volatility Risk: The Effectiveness of Volatility Options (Co-authors: Yunbi, An, and Jun Wang): International Journal of Theoretical and Applied Finance, Vol.10, No. 3, 2007, 1-18.
[5]  Fractional Integration in the Equity Markets of MENA Region, Applied Financial Economics, 17, 2007, 709-723.
[6]  Extreme Observations in the MENA Stock Markets and Their Implications for VaR Measures, Electronic Journal, Middle East Economic Association and Loyola University, Chicago, Topics in Middle Eastern and North African Economies, September Issue, 2006.
[7]  Nonlinear Trend Stationarity in Real Exchange Rates: Evidence from Nonlinear ADF tests, Annals of Economics and Finance, 2, 2006, 283-294.
[8]  Canadian REITs and Stock Prices: Fractional Cointegration and Long Memory, Review of Pacific Basin Financial Markets and Policies, 9, 2006, 441-462.
[9]  Dependence and Mean Reversion in Stock Prices: The Case of the MENA Region, Research in International Business and Finance, 20, 2006, 286-304.
[10]  The Stochastic Volatility in Mean Model and Automation: Evidence from TSE, The Quarterly Review of Economics and Finance, 46, 2006, 241-253.
[11]  Persistence and Long-range Dependence in the Emerging Stock Market of Kuwait, The Middle East Business and Economics Review, Volume 18, No.1, 2006, 1-17.
[12]  Automation, Stock Market Volatility and Risk-Return Relationship: Evidence from "CATS", Investment Management & Financial Innovations,3, 2005, 136-145.
[13]  Nonparametric and Semiparametric Estimates of Long Memory in Some Middle Eastern Equity Markets, Global Review of Business and Economic Research, 2005, 1(1), 51-64.
[14]  Long-range Dependence in the Returns and Volatility of the Brazilian Stock Market (Co-author Jorge Cavalcante), European Review of Economics and Finance, 2004, 3, 5-22.
[15]  Conditional Heteroscedasticity in Real Exchange Rates: Evidence from a Neural Networks Test, Finance Letters, 2004, 2(1), 5-9.
[16]  A FIGARCH Modelling of the Emerging Equity Market of Egypt, International Journal of Applied Business and Economic Research,Vol.2, No.1, June 2004, pp67-80.
[17]  Rescaled Variance Analysis of Real Exchange Rates, Applied Economics Letters, 2004, 11, 303-306.
[18]  Transmission of Stock Price Movements: The Case of GCC Stock Markets, Review of the Middle-East Economics and Finance,Vol1, No.2, August 2003, 171-189.
[19]  An Empirical Analysis of the Price-Volume Relationship: the Case of the Banking Sector in Kuwait, The Middle-East Business and Economic Review,2003,Vol15,No.2, 26-37.
[20]  An Examination of the Long Memory in the Canadian/US dollar Exchange Rate Returns and Volatility. Proceedings, Finance Division of the Administrative Sciences Association of Canada, 2002.