Vanja Piljak

Curriculum Vitae

Current Positions

Docent (Adjunct Professor) in International Finance, University of Jyväskyla

University Lecturer in Finance, School of Accounting & Finance (University of Vaasa)

Teaching

I have been teaching in the EPAS-accredited Master's Degree Programme in Finance at the University of Vaasa since 2013.

Courses in the Master's Programme in Finance at the University of Vaasa:

Research in Financial Markets

Investments

Introduction to Master's Thesis

Doctoral, Master's, and Bachelor's theses supervision

Courses at the University of Jyväskyla:

International Finance (forthcoming in 2020-2021)

Research

My research interests focus on international finance - more specifically emerging markets finance, financial integration, asset comovement, contagion, financial crises, and political risk in financial markets.

View my research on:

Research Gate

Google Scholar

https://orcid.org/0000-0002-2066-5208">ORCID

Guest editor for Special Issue "Political Risk in Financial Markets" in Journal of Risk and Financial Management

 

Articles in refereed journals

Boubaker, S., Nguyen, D.K., Piljak, V. & Savvides, A. (2019). Financial Development, Government Bond Returns, and Stability: International Evidence. Journal of International Financial Markets, Institutions and Money 61, 81-96. Abstract

Jiang, J., Piljak, V., Tiwari, A.K., Äijö, J. (2020). Frequency volatility connectedness across different industries in China. Finance Research Letters 37, 101376. Abstract

Nikkinen, J., Piljak, V., Rothovius, T. (2020). Impact of the 2008/2009 financial crisis on the external and internal linkages of European frontier stock markets. Global Finance Journal 46, 100481. Abstract

Lucey et al. (2018). Future Directions in International Financial Integration Research - A Crowdsourced Perspective. International Review of Financial Analysis 55, 35-49. Abstract

Piljak, V. & Swinkels, L. (2017). Fundamental Indexation for Developed, Emerging, and Frontier Government Bond Markets. Journal of Asset Management 18, 405-420. Abstract

Piljak, V. & Swinkels, L. (2017). Frontier and Emerging Government Bond Markets. Emerging Markets Review 30, 232-255. Abstract

Dimic, N., Orlov, V. & Piljak, V. (2016). The Effect of Political Risk on Currency Carry Trades. Finance Research Letters 19, 75-78. Abstract

Dimic, N., Kiviaho, J., Piljak, V. & Äijö, J. (2016). Impact of Financial Market Uncertainty and Macroeconomic Factors on Stock-Bond Correlation in Emerging Markets. Research in International Business and Finance 36, 41-51. Abstract

Graham, M., Peltomäki, J. & Piljak, V. (2016). Global Economic Activity as an Explicator of Emerging Market Equity Returns. Research in International Business and Finance 36, 424-435. Abstract

Dimic, N., Orlov, V. & Piljak, V. (2015). The Political Risk Factor in Emerging, Frontier, and Developed Stock Markets. Finance Research Letters 15, 239-245. Abstract

Kiviaho, J., Nikkinen, J., Piljak, V. & Rothovius, T. (2014). The Co-movement Dynamics of European Frontier Stock Markets. European Financial Management 20, 574-595. Abstract

Piljak, V. (2013). Bond Markets Co-movement Dynamics and Macroeconomic Factors: Evidence from Emerging and Frontier Markets. Emerging Markets Review 17, 29-43. Abstract

Nikkinen, J., Piljak, V. & Äijö, J. (2012). Baltic Stock Markets and the Financial Crisis of 2008-2009. Research in International Business and Finance, 26:3, 398-409. Abstract

Selected Working papers

Dimic, N., Piljak, V., Swinkels, L., Vulanovic, M. (2020). The structure and degree of dependence in sovereign bond markets.

Andreou, C., Dimic, N., Piljak, V., Savvides, A. (2020). Unconventional monetary policy and international capital flows to emerging markets.

Science communication and media

Euromoney Country Risk (ECR) - Member of the Euromoney Country Risk's expert panel

CITYWIRE: Doubts cast on smart beta approach to bond funds

CITYWIRE: Why currency is the only bond fundamental worth its weight

Youtube: Researcher in focus

LinkedIn

Conference presentations

60th Annual Meeting of the Southern Finance Association (SFA)
November 2020

7th Paris Financial Management Conference, December 2019, Paris, France

59th Annual Meeting of the Southern Finance Association (SFA)
November 2019, Orlando, USA

17th INFINITI Conference on International Finance, June 2019, Glasgow, UK

16th INFINITI Conference on International Finance, June 2018, Poznan, Poland

8th International Conference of the Financial Engineering and Banking Society, June 2018, University of "Roma Tre", Rome, Italy

54th Annual Meeting of the Eastern Finance Association (EFA)
April 2018, Philadelphia, USA

92nd Annual Conference of the Western Economic Association International, June 2017, San Diego, USA

15th INFINITI Conference on International Finance, June 2017, Valencia, Spain

25th International Rome Conference on Money, Banking and Finance (MBF), December 2016, Rome, Italy

51st Annual Meeting of the Eastern Finance Association (EFA)
April 2015, New Orleans, USA

64th Annual Meeting of the Midwest Finance Association (MFA)
March 2015, Chicago, USA

2nd Paris Financial Management Conference
December 2014, IPAG Business School, Paris, France

4th International Conference of the Financial Engineering and Banking Society, June 2014, University of Surrey, the UK

6th International Finance and Banking Society Conference
June 2014, Lisbon, Portugal

11th INFINITI Conference on International Finance,
June 2013, Aix-en-Provence, France

49th Annual Meeting of the Eastern Finance Association (EFA)
April 2013, St.Pete Beach, USA

25th Australasian Finance and Banking Conference
December 2012, Sydney, Australia

48th Annual Meeting of the Eastern Finance Association (EFA)
April 2012, Boston, USA

61st Annual Meeting of the Midwest Finance Association (MFA)
February 2012, New Orleans, USA

51st Annual Meeting of the Southern Finance Association (SFA)
November 2011, Key West, USA

9th INFINITI Conference on International Finance
June 2011, Trinity College Dublin, Ireland

15th International Conference on Macroeconomic Analysis and International Finance, May 2011, University of Crete, Greece

18th Conference on the Theories and Practices of Securities and Financial Markets, December 2010, National Sun Yat-sen University, Taiwan

3rd International Conference on Accounting and Finance, August 2010, Skiathos, Greece

Annual London Conference on Money, Economy and Management,
July 2008, Imperial College, London, UK

Research visits

Cyprus University of Technology, Limassol, September 2018

Cyprus University of Technology, Limassol, April 2017

IPAG Business School, Paris, France, September 2015 - October 2015

Auburn University, USA, October 2012

Workshop and seminar presentations

Research Seminar in Economics and Finance, September 2020, University of Jyväskylä, Finland

Research Seminar in Finance, April 2017, Cyprus University of Technology, Limassol

Research Seminar in Finance, October 2015, Champagne School of Management / Groupe ESC Troyes, France

Research Seminar in Finance, October 2012, Auburn University, USA

Nordic Finance Network (NFN) Research Workshop, May 2011, Helsinki, Finland

Graduate School of Finance (GSF) Winter Research Workshop, November 2010 - Lappeenranta, Finland