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Professor Jim Steeley

Finance Group

Jim Steeley

I graduated from the University of Reading with a B.A. (First Class Hons.) in Economics and Econometrics; and completed a Ph.D. in Economics at the University of Warwick.  Prior to joining Aston University, I have held posts at Keele University, Washington University in St. Louis, the Bank of England, University of Wales, Cardiff, and Stirling University.

Role: Professor of Finance 
Phone:+44(0)121 204 3248
Email: j.m.steeley@aston.ac.uk
Room: ABS412

  • Ph D, University of Warwick, Subject: Economics
  • BA, University of Reading, Subject: Economics and Econometrics

Academic

  • Professor of Finance, Aston Business School.
  • Professor of Finance, University of Stirling.
  • Senior Research Fellow, Cardiff Business School.
  • Financial Research Manager, Bank of England.
  • Lecturer, Keele University.

 

 

 

 

 

 

 

 

I teach on the MSc in Finance and Investments (Finance Theory) and the BA in Finance (Financial Economics).

My research is in the area of investments. I have worked mainly on the estimation and dynamic modelling of the UK term structure of interest rates, but I have also published papers on portfolio theory, stock market volatility, equity market integration, stock market seasonality, futures pricing and implied density functions from options.  Also, I have research interests in experimental economics and financial market microstructure. I am the Co-Editor of the International Journal of Behavioural Accounting and Finance and on the Editorial Board of Studies in Economics and Finance.

  • Member, Academic Affiliate, Chartered Institute of Securities and Investment.
  • Member, American Finance Association.
  • Member, Committee of Professors of Accounting and Finance.
  • Member, Financial Management Association.
  • Member, Royal Economic Society.
  • Member, Society for Financial Studies.
  • Member, Southern Finance Association.

Refereed Journal Articles

  • Steeley, J.,  The Side-Effects of Quantitative Easing:  Evidence from the UK Bond Market.  Journal of International Money and Finance, forthcoming, 2015.

  • Steeley, J., Matyushkin, A., The Effects of Quantitative Easing on the Volatility of the Gilt-Edged Market.  International Review of Financial Analysis, forthcoming, 2015.

  • Steeley, J., Chelley-Steeley, P., Kluger, B., Adams, P., Trading patterns and market integration in overlapping experimental asset markets.  Journal of Financial and Quantative Analysis, forthcoming, 2015.

  • Steeley, J., (2014). A shape-based decomposition of the yield adjustment term in the arbitrage free Nelson Siegel model of the yield curve.  Applied Financial Economics.

  • Steeley, J., (2014). Forecasting the term structure of UK government bond yields when short term interest rates are near the zero lower bound. Journal of Forecasting.

  • Steeley, J., Li, Y. (2010). Sticky Credit Spreads.  Macroeconomic activity and equity market volatility. Journal of Current Issues in Finance, Banking and Economics, 3(2), 1-34.

  • Ahmad, F., Steeley, J. (2008). Secondary market pricing behaviour around UK bond auctions.Applied Financial Economics, 18(9), 691-699.

  • Steeley, J. (2008). Testing term structure estimation methods: Evidence from the UK STRIPs market. Journal of Money, Credit and Banking, 40 (7), 635-646.

Book Chapters

  • Steeley, J. (2014). Yield curve dimensionality when interest rates are near the zero lower bound. New Developments in Macro-Finance Yield Curve Modelling. Cambridge: Cambridge University Press.

 Presentations Given

  • Steeley, J., Southern Finance Association, "The Side-Effects of Quantative Easing: Evidence from the UK Bond Market", Key West, USA (November 2014). 
  • Steeley, J., Money, Macroeconomics and Finance Research Group, "The Side-Effects of Quantative Easing: Evidence from the UK Bond Market", Durham, (September 2014).
  • Steeley, J., Chelley-Steeley, P., Lambertides, N., British Accounting and Finance Association, "Order flow imbalances at the turn of the year", London, (April 2014).
  • Steeley, J., Chelley-Steeley, P., Kluger, B., Royal Economic Society Conference, "Victory Disease and Hindsight Bias: An Experimental Study." (2014)
  • Huang-Meier, W., Lambertides, N., Steeley, J., Academy of Behavioral Finance and Economics Conference, "Cash Hoarding and CEO Optimism," Chicago, USA. (September 17, 2013 - September 23, 2013)
  • Steeley, J., Chelley-Steeley, P., Kluger, B., INFINITI Conference, "“Trading patterns and market integration in overlapping experimental asset markets”," Dublin, Ireland. (June 2012)
  • Steeley, J., Financial Management Association Conference, "The future of the finance masters," Denver, USA. (October 2011)

 

 

 

 

 

 

 

 

 

 

 

 

 

Administrative Roles and Responsibilities

  • Head of Group, School. (April 2008 - December 2013)
  • MSc Course Director Finance & Investment, School. (September 2011 - August 2012)
  • MSc Course Director Finance & Investment, School. (September 2007 - August 2008)

 

 

Employable Graduates; Exploitable Research