The University of Manchester

Faculty Member, Manchester Business School

Associate Professor of Finance - Manchester Business School, UK

About

** NEWS **

Stepping down as Secretary of State for Asset Restructuring and Privatizations, Athens, Feb 2012

Interview with Jeff Randall Live, Sky News, on Greece's State Asset Management and Privatization Plan, 31.01.2012,
http://embed.scribblelive.com/Embed/v5.aspx?Id=28846&Page=90&ThemeId=2120

Gaming Money Conference, Address, Athens, 29.11.2011,
http://www.moneyconferences.com/eng/conference.asp?catid=1828

Interview with Maryam Nemazee at Bloomberg, London, on Greece's State Asset Management and Privatisation Plan 2011-2015, 8.9.2011, http://www.bloomberg.com/video/75048314/

Athens Stock Exchange Roadshow, London, keynote address, September 2011,
http://www.athex.gr/content/en/Ann.asp?AnnID=141790

Capital and Vision, Athens, Keynote Address, September 2011,
http://www.youtube.com/watch?v=bAfOJKjMowI

BDI Federation of German Industries, Berlin, Keynote Address, July 2011

BHCC British Hellenic Chamber of Commerce, London, Keynote Address, June 2011,
http://www.flickr.com/photos/greek_embassy_london_press_office/5886940779/

Gaming and Social Responsibility, Athens, Keynote Address, September 2010

Manchester Business School Alumni Club Annual Conference, Keynote Address, Athens, September 2010

Athens Stock Exchange Roadshow, London, keynote address, September 2010,
http://www.flickr.com/photos/greek_embassy_london_press_office/4976397327/

Capital Link, New York, keynote address, 2010

NATO Annual Convention, Athens, keynote address, 2010

European Commission, Annual Research Conference, Brussels, 2009

European Financial Management Association, Athens, 2008

** BIOGRAPHY **

George obtained his PhD and Master in Finance from the University of London, Birkbeck College, as well as his Master and Batchelor in Economics and Econometrics from the Athens University of Economics & Business. Since 2006 he is appointed at Manchester Business School and since 2009 at the Ministry of Finance, Athens, as Secretary of State for Asset Restructuring and Privatizations. George has been a member of staff at Cass Business School of City University, London, the University of Exeter, UK, as well as an advisor to the Governor of the Bank of Greece and has substantial experience in the banking sectors of London and Athens.  His current research interests focus on credit risk, market risk, financial stability, financial regulation, forecasting, behavioral finance and econometric theory. Editor of the Analytics of Risk Model Validation (Elsevier) and Associate Editor of the Journal of Risk Model Validation (Risk Journals).

** SELECTED RESEARCH PUBLICATIONS **

- Stability Conditions for Heteroscedastic Factor Models with Conditionally Autoregressive Betas, 2011, Journal of Time Series Analysis, 32(5), pp 482-497, jointly authored with S E Satchell

- Conditions for Rational Investment Short-Termism, 2011, Annals of Finance, forthcoming

- The Robustness of Simulation-Based Markovian Transition Probabilities for Ultra-Small Samples of Non-Performing Credit, 2010, Quantitative Finance, forthcoming

- Transition of Social Financial Welfare in the European Country Clubs, 2010, Economics Letters, 108(2), pp 178-180, jointly authored with E. Mamatzakis

- Return Attribution Analysis of the UK Insurance Portfolios, Annals of Finance, 6(3), pp 405-420, 2010, jointly authored with E. Mamatzakis

- Pricing and Momentum of Syndicated Credit in Europe, Omega: International Journal of Management Science, 38(5), pp 325-332, 2010, jointly authored with T. Olupeka

- Labour Market Dynamics in Greek Regions: a Bayesian Markov Chain Approach using Proportions Data, Review of Economic Analysis, 2010, 2, pp 32-45, jointly authored with E. Mamatzakis

- The Central Bank Inflation Bias in the Presence of Asymmetric Preferences and Non-normal Shocks, Economics Bulletin, Vol. 29 (3), 2009, jointly authored with D. Peel, Lancaster University Management School

- Assessing the Prudence of Economic Forecasts in the EU, Journal of Applied Econometrics, Vol. 24 (4), pp. 583-606, 2009, jointly authored with E. Mamatzakis

- Assessing the Accuracy of Credit Scoring R.O.C. Estimates in the Presence of Macroeconomic Shocks, Journal of Risk Model Validation, Vol. 2 (3), 2008, (jointly authored with S E Satchell, Cambridge)

- Asymmetric Rotation of Risk Factors in a Global Portfolio, Journal of Risk Finance, 2008, Vol. 9 (4), pp. 391-403, single authored

- The European Union GDP Forecast Rationality Under Asymmetric Preferences, 2008, Journal of Forecasting, Vol.  27, pp. 483-492,  jointly authored with E. Mamatzakis, also Working Paper No 30, Bank of Greece, ttp://www.bankofgreece.gr/en/publications/papers.htm

- Markovian Credit Transition Probabilities under Inequality Constraints: the US Portfolio 1984-2004, Journal of Credit Risk, Vol. 3, 3, pp. 25-39, 2007, single authored

- Common Volatility and Correlation Clustering in Asset Returns, European Journal of Operational Research, (Elsevier), Vol. 182, pp. 1263–1284, 2007, single authored

- The Evolution of Credit Risk Phenomena, Methods and Management, Bank of Greece Economic Bulletin, Vol. 28(2), pp. 85-95, 2007, single authored

- The Validity of Credit Risk Rating Model Validation Methods, in Christodoulakis G. A. and S. E. Satchell (eds.), “The Analytics of Risk Model Validation”, Elsevier Butterworth Heinemann, London, 2007, jointly authored with S. E. Satchell

- Generalized Rational Bias in Financial Forecasts, Annals of Finance, (Springer Verlag), Vol. 2, pp. 397-405, 2006, single authored

- The Relationship between Expected Utility and Higher Moments for Distributions captured by the Gram-Charlier Class, Finance Research Letters, (Elsevier), Vol. 3 (4), pp. 273-276, 2006, jointly authored with David Peel

- Financial Forecasts in the Presence of Asymmetric Loss Aversion, Skewness and Excess Kurtosis, Finance Research Letters, (Elsevier), Vol. 2(4), pp. 227-233, 2005, single authored

- Forecast Evaluation in the Presence of Unobserved Volatility, Econometric Reviews, (Taylor & Francis), Vol. 23(3), pp 175-198, 2004, jointly authored with S E Satchell

- Credit Risk Models of Merton (1974)-type and their Predictive Ability as Early Warning Systems, Bulletin of the Hellenic Banks Association, Vol. 38, pp. 51-59, Summer, 2004, single authored

- Sharpe Style Analysis in the MSCI Countries and Sectors: A Monte Carlo Integration Approach, Operational Research, (Springer) Vol. 2(2), pp. 123-137, 2003, reprinted in Satchell E (ed.), Linear Factor Models in Finance, pp 87-98, Elsevier-Butterworth-Heinemann, 2004, London, with the permission of HELORS, single authored

- Correlated ARCH (CorrARCH): Modeling the Time-Varying Conditional Correlation Between Financial Asset Returns, European Journal of Operational Research, (Elsevier), 2002, Vol. 139 (2), pp 351-370, jointly authored with S. E. Satchell

- On the Evolution of Global Style Factors in the MSCI Universe of Assets (May 2001, with S E Satchell), International Transactions in Operational Research, (Blackwell), Vol. 9(5), pp 643-60, 2002, jointly authored with S. E. Satchell

- Generating Composite Volatility Forecasts with Random Factor Betas, in Knight J and S E Satchell eds., Forecasting Volatility in the Financial Markets, pp 347-365, Elsevier Butterworth-Heinemann, 2nd edition, London, 2002, single authored

- Short-Termism in Financial Markets, in J. Mitchie (ed.), Reader's Guide to the Social Sciences, Routledge Taylor & Francis, Chicago, March, Vol. 2, pp 1480-1481, 2001, single authored

- The Simulation of Option Prices with Applications to LIFFE Options on Futures, European Journal of Operational Research,(Elsevier), Vol. 114(2), pp 249-262, 1999, jointly authored with S. E. Satchell

- Hashing GARCH: a re-assessment of Volatility Forecasting Performance, in Knight J. and S. Satchell, eds, Forecasting Volatility in the Financial Markets, Elsevier Butterworth-Heinemann, 1st edition 1998 and 2nd edition 2002, pp 168-192, London, jointly authored with S. E. Satchell

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