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CURRICULUM VITÆ Spring 2018 YOCHANAN SHACHMUROVE

Personal Data

Home Address: 56 Trent Rd, Wynnewood, PA 19096-3707, PHONE: (610) 645–9235, FAX: (610) 642-5589

Office Addresses: The City College of the City University of New York, Department of Economics and Business North Academic Center, Room 4/121 160 Convent Avenue at 138th Street New York, New York 10031 And, Ph.D. Program in Economics The Graduate Center City University of New York 365 Fifth Avenue New York, NY 10016-4309

Telephone: (212) 650-6202

E-mail: [email protected]

Citizenship: USA

Current Research Interests: International Finance and Economics, Venture Capital, Economies of the Middle East, Monetary Systems, Money, Banking and Financial Institutions, Capital Markets, Applied Econometrics, Stock Market Dynamics, Middle East Emerging Financial Markets, Emerging Financial Markets, Entrepreneurial Finance and Business Ventures, The Israeli Economy, Law and Economics, Immigration, Transitional Economies, China.

Partial List of Courses Taught:

Behavioral Economics, Behavioral Economics for MA students in Economics and Financial Engineering, Financial Crises, General Economic Theory, Global Economics and Finance, Corporate Finance and Financial Markets for Master Students in European Management 2

Business Studies, Groups Dynamics in Organization, Psychology in Management, Organizational Behavior, Quantitative Methods in Business and Management for B.A. and MBA Students, Managerial Accounting, The United States Economy, Research methods for Ph.D. Students in Economics, International Trade Theory and Policy for Ph.D. Students, Corporate Finance, Investments, Capital Markets and Investment, Introduction to Financial Analysis, Introduction to Game Theory, Seminar in Applied Economics for Ph.D. Students, Comparative Financial Systems for Master in Finance, Financial Markets for MBA students, International Financial Management for MBA and MA students, Central Banking and Monetary Policy for MBA and MA students, Global Business and Financial Institutions for MBA and MA students, Public Finance, Seminar in Urban Economics, International Banking for MBA and MA students, International Business (Commerce) for MBA and MA students, International Business, Topics in Economics Development, Law and Economics for Undergraduate and Master Students, International Economics for MA, MBA and Ph.D. Students, Stabilization Policies and Growth for MBA and MA Students, International Economics for MA and Ph.D. Students in Economics, International Monetary Systems, Financial Economics, Monetary and Fiscal Policies, Econometrics, Industrial Organization for BA, MBA and MA students, Strategic Behavior for B.A., M.B.A. and M.A. Students, Money, Banking and Financial Institutions at the graduate and undergraduate levels. International Finance for MBA, MA and Ph.D. students, Entrepreneurial Finance, Advanced Financial Economics, Options and Futures Markets for B.A., Economics MA and M.B.A. students. Advanced Futures and Options, Finance, Theory of Business Cycles, Money and Credit, Advanced Macroeconomics and Microeconomics for B.A., M.B.A., and economic graduate students. Introduction to Microeconomics and Macroeconomics, Managerial Economics, Theory of Income and Employment. Computer Aided Economic Analysis and Principles of Statistics. Statistics and introduction to Econometrics for Economics MA students, Econometrics, Foundations of Empirical Research for MA Students in Economics, Independent Study for B.A., M.A. and M.B.A. students. M.A., M.B.A and Ph.D. thesis supervisions, Advanced Topics - Entrepreneurial Finance and Business Ventures.

Education:

Degree Field Institution Year

Ph.D. Economics University of Minnesota 1983 3

M.A. Economics University of Minnesota 1980 M.B.A. Finance and Operations Research Tel Aviv University 1977 B.A. Economics Tel Aviv University 1975

Honors Current Economic & Social Topics 2018 Fall International Colloquium CEST, 10-11 October 2018, New York, USA, Member of the Scientific Committee, and CESTiRA Supreme Executive Committee Vice-President.

2017 – 2018 Fulbright Specialist Peer Reviewer.

2005-2017 APPRECIATION AWARD for contributions to Economic Laboratory for Transition Research (ELIT) Advancement in Publishing, Podgorica, January 30th, 2017

Current Economic & Social Topics international Research Association (CESTiRA), Supreme Executive Committee and Scientific Council of CESTIRU, a member of the Steering Supreme Executive Committee and Scientific Council of CESTIRU 2016 – Present.

Fellow of the Center for Social and Economic Research (CASE), 2016 – Present.

The Future of Europe – Central and Eastern Europe in a Comparative Perspective, CASE – Center for Social and Economic Research Anniversary Conference, 17-18 November 2016, Warsaw, POLAND, a member of the Scientific Committee. Current Economic and Social Topics International Colloquium, CEST’2015, Faculty of Management, the University of Lodz and the Warsaw Stock Exchange, A Member of the Program Committee, 2015. The XIX Congress of ASEPELT, the International Association on Applied Economics, Spain 24-27 June, 2015 (http://www.asepelt.org) a member of the Scientific Committee. The IV International Conference on Entrepreneurship and Innovations as Precondition for Economic Development, 4

Podgorica, Montenegro - member of the International Organizational Committee, 2014.

Senior Fulbright Scholar, Taras Shevchenko National University of Kiev, Faculty of Economics, Department of International Economics and Marketing, April – May 2014.

Maddison’s Who is Who, 2013 and 2014.

Executive Who's Who, 2013

Marquis Who's Who, 1999- 2013

Guest Professor of School of Economics and Management, Beijing Jiaotong University, Beijing, P. R. China, 2013 - …

2013 Sino – U.S. Economics and Culture Scholarly Forum, School of Computer and Information Technology and the School of Economics and Management, July 2013.

The International Colloquium on Current Economic and Social Topics CEST’2013, Polish National Science Centre, Warsaw Stock Exchange, A Member of the Program Committee, 2013.

Research Council of the Indian Institute of Finance (IIF), Delhi, India - A Member 2012- 2015

Montenegrin Journal of Economics, (Co-Editor with Veselin Draskovic), Volume 8, Numbers 2 and 3, October 2012.

Madison’s Who’s Who, 2012. Marquis Who's Who, 2002 - 2012

Fulbright Senior Specialist Grant, 2010 – 2011, Warsaw University of Life Sciences, Warsaw, Poland.

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International Conference: Quantitative Methods in Economics, QME, a member of the International Program Committee, 2010 - 2012.

Cambridge Who's Who, 2010/2011 Edition.

Cambridge Who’s Who among Executives, Professionals and Entrepreneurs, 2010/2011 Edition.

WHO'S WHO of World Class Business Leaders, Who's Who World Class Alliance, 2010.

Indian Institute of Finance, Delhi, India, December 2009 – January 2010, Visiting Fellow.

First International Conference: Quantitative Methods in Economics, QME 2009 - a member of the International Program Committee.

Member of the Program Committee of the Global Finance Conferences, 1998 – Present.

BusinessWeek Market Advisory Board, member 2007.

Member of the Academic Committee of the Ph.D. Program of International Trade and Finance of Zhejiang University of Technology, College of Business Administration, October 2006 - present

Forum for Multinational Investment and Global Finance Services, May 18, 2008, Hangzhou, People’s Republic of China.

The Fifth China (Hangzhou) International Conference on World Trade Organization and Financial Engineering, May 2008.

Global Finance Conference, Member of the International Program Committee, May 18-20, 2008, Hangzhou, People’s Republic of China. Keynote Address.

Global Finance Conference, Member of the International Program Committee, April 26-28, 2006, Rio de Janeiro, Brazil.

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“Opening Session, The BRICs (Brazil, Russia, India, China): Present and Future, The Economy of the Russian Federation: Past, Present and Some Forecasts,” Global Finance Conference, April 26-28, 2006, Rio de Janeiro, Brazil.

“Introducing the Keynote Speaker, Nobel Laureate, Professor Finn Kydland, “The Relevance of Time Consistency of Monetary Policy and Business Cycles to the Brazilian Economy,” Global Finance Conference, April 26-28, 2006, Rio de Janeiro, Brazil.

Academy of Entrepreneurial Finance, Member of the 2006 International Program Committee and Advisory Board, April 19–21, 2006, Pasadena, California.

Omicron, Delta Epsilon, The International Honor Society in Economics, Lifetime Honorary membership, 2005.

Fulbright Senior Specialist, TongJi University, Shanghai China, Summer 2004.

CUNY - Shanghai University Exchange Program, Summer 2004.

Fulbright Senior Specialist, Lodz Poland, December 2003 – January 2004.

The City College of The City University of New York, Certificates of Appreciation for Valuable Contribution as a Faculty Advisor to the Student Organization, Omicron, Delta, Epsilon, An International Honor Society in Economics – Faculty Advisor, 2000-2001, 2001–2002, and 2002-2003.

Certificate of Appreciation, Cross-Campus Conversations at Penn. – Multidisciplinary Series of Interfaculty Seminars and Book Projects, University of Pennsylvania, May 2003.

Guest Editor, The Journal of Entrepreneurial Finance and Business Ventures, Special Issue – Research in International Entrepreneurial Finance and Business Ventures in the Turn of the Third Millennium, Volume 7, Number 2, 2003. 7

Contributing Editor, The Journal of Entrepreneurial Finance and Business Ventures, Volume 7, Number 3, 2003.

Editor, Research in International Entrepreneurial Finance and Business Ventures at the Turn of the Third Millennium, Proceedings of the 13th Annual International Entrepreneurial Finance and Business Ventures Research Conference, New York City, 2002.

Guest Editor, International Journal of Business, Emerging Financial Markets of the Middle East, 2003.

International Biographical Centre, Cambridge, England, 2000 Outstanding Intellectuals of the 21st Century, First Edition, 2002.

- Americas Registry of Outstanding Professionals 2002- 2003.

- Who's Who in Social Sciences Higher Education, 2004.

- Marquis Who’s Who in America, 56th Edition, The 21st Century Edition, 2002. - Marquis Who’s Who in the World, 19th Edition, 2001. - Marquis Who’s Who in America, 54th Edition, Millennium Edition, 2000. - International Biographical Centre, Cambridge, England, Dictionary of International Biography, Twenty-Eighth Edition, 2000; Thirty First Edition, 2004. - International Biographical Centre, Cambridge, England, 2000 Outstanding Scholars of the 20th Century, First Edition, 2000, Second Edition, 2004. - International Biographical Centre, Cambridge, England, Outstanding People of the 20th Century, Second Edition, 2000. - Barons Who’s Who in Global Banking and Finance, First Edition, 1999. - Marquis Who’s Who in the World, Sixteenth Edition, 1999. - Marquis Who’s Who in the World, Seventeen Edition, 2000. - Marquis Who’s Who in America Science and Engineering, Fifth Edition, 1999. 1996 Irving B. Kravis Award for Distinction in Undergraduate Teaching, University of Pennsylvania. 8

1980-1981 University of Minnesota Student Leadership and Service Award. 1979-1980 University of Minnesota Student Leadership and Service Award. 1979 Department of Economics Fellowship, University of Minnesota. 1978 Department of Economics Fellowship, University of Minnesota. 1977-1978 University of Minnesota Student Leadership and Service Award. 1976-1977 MBA Fellowship, Tel Aviv University. 1977 Magna Cum Laude Honors, MBA, Tel Aviv University. 1975 Magna Cum Laude Honors, BA, Tel Aviv University.

Academic Employment:

1997-2019 City College of New York, Department of Economics and Business, New York, New York: Law and Economics, International Finance, Advanced Financial Economics, Options and Futures Markets, Econometrics, Computer Aided Economics and Finance Analysis, Microeconomics. Rank: Professor since January 1, 2000, tenured since September 1, 2001. 2004, 2006, 2007, 2012, 2015 – 2019 City University of New York Graduate School, Ph.D. Program in Economics, New York, New York: Seminar in Applied Economics for Ph.D. Students (various years), International Trade Theory and Policy for Ph.D. Students (Fall 2015, 2016, 2017, 2018), Research Methods for Ph.D. Students in Economics (Spring 2016).

2018-2019 Visiting Research Fellow, Department of Economics, Saint Joseph's University, Philadelphia, PA, USA.

2016-2017 Temple University, Department of Economics, The United States Economy, Philadelphia, PA, USA.

1991 –2016 University of Pennsylvania, Department of Economics, Philadelphia, Pennsylvania: Public Finance, Topics in Economics Development, Law and Economics, International Economics, International Financial Economics, International Monetary Economics, Development Economics, Industrial Organization, Monetary and Fiscal Policies, Microeconomics and Macroeconomics.

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1999 National University of Kiev – Mohyla Academy, Ukraine. Economic Education and Research Consortium, Ukraine Economics MA Program, Macroeconomics, Advanced Money and Banking. Summer.

1996 Fall New Economic School, Russia: Macroeconomics and Graduate International Finance and International Economics.

1995-2002 University of Pennsylvania, Center for Analytic Research in Economics and the Social Sciences; University of Pennsylvania, Institute for Economic Research, Summers.

1994 Harvard University, Visiting Associate Professor, Cambridge, Massachusetts: International Finance and Commercial Policy; Money, Banking and Financial Institutions, summer.

1992,1993 Temple University, School of Business and Management, 1995 Department of Finance, Philadelphia, Pennsylvania: Money and Credit, summers.

1985-1994 Bar-Ilan University, Department of Economics and Business Administration, Ramat Gan, Israel. Graduate and undergraduate courses in International Trade and Finance, Advanced Macroeconomics.

1985 Visiting Assistant Professor of Mathematical Economics, Department of Mathematical Sciences at Indiana University / Purdue University School of Science, Indianapolis, summer.

1984-1985 Assistant Professor Indiana University, Department of Economics, Indianapolis, Indiana.

1983-1984 Bar-Ilan University, Department of Economics and Business Administration, Ramat-Gan, Israel.

1982-1983 Lecturer, Indiana University, Department of Economics, Indianapolis.

1977-1982 Teaching Associate II, University of Minnesota, Department of Economics, Money and Banking, International Finance.

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1973-1976 Research and Teaching Assistant, Tel Aviv University School of Business and Department of Economics.

Recent Short Visits to Academic institutions and Federal Reserve Banks

2019 Economics Engineering Department, Faculty of Business Management, Vilnius Gediminas Technical University, (Vilniaus Gedimino technikos universitetas), May 25 - June 1, 2019.

2019 Department of Insurance and Capital Markets, Faculty of Economics and Management, University of Szczecin, Szczecin, Poland, Amy 11 – 15, 2019.

2019 Polish Academy of Sciences (IPI PAN), Institute of Computer Science, January 23 - 26, 2019.

2018 Central Bank of Montenegro, September 22, 2018 – October 1, 2018.

2018 SpecialA- Beijing, China, July 13 – August 17, 2018, Microeconomics and Macroeconomics.

2011-2019 The University of Warsaw, Faculty of Management, Warsaw, Poland: (Winters, Summers): International Banking, International Finance, International Finance and Banking, Financial Markets, Industrial Organization, Industrial Organization and Strategic Behavior.

2015-2019 Moscow School of Economics, M.V. Lomosov Moscow State University, April 4 – 13, 2015, April 11-24, 2017, March 31 – April 11, 2018, April 20 – May 1, 2019.

2016-2018 Bar Ilan University, December 26, 2016 – January 6, 2017, June 28-July 26, 2017, June 20 – July 1, 2018.

2016-2019 Nicolas Copernicus University, Faculty of Economic Science and Management, The Department of Econometrics and Statistics, Torun, Poland, January 27 – 30, 2016, January 13-16, 2017, May 26-29, 2017, June 2-5, 2017, June 9-10, 2017, May 28-29, 2018, June 11-18, 2018, December, 2018 – January 2019, May 20-23, 2019. 11

2017 President University, Cikarang Utara, Bekasi, Jawa Barat, Indonesia, August 2017.

2017 Polish Academy of Sciences (IPI PAN), Institute of Computer Science, June 7, 2017.

2014-2017 Université de Savoie, Institut d’Administration des Enterprises = Institute of the Administrations and the Enterprises (IAE) Savoie Mont-Blanc, Institut de Recherche en Gestion et en Economie = Institute of Research in Management and in Economics (IREGE), Annecy-Le-Vieux, France, June – August 2014, June 14 – 26, 2015, January 10 - 19, 2016, June 11 – 26, 2017.

2016 University of North Florida, Coggin College of Business, International Business Flagship Program, February 17 – 22, 2016.

2015-2016 Polish Academy of Sciences, Institute of Computer Science, Postgraduate MBA Program, January, 2015, January, 2016.

2015 Korean Development Institute (KDI) School of Public Policy and Management, Capital Markets and Investment, and Introduction to Financial Analysis, Summer, 2015.

2015 Faculty of Business and Law, Leeds Business School, Leeds University, 11 – 12 June, 2015.

2015 Belarus, June 4 – June 7, 2015.

2015 Macedonia, May 24 –June 1, 2015 2015 Moscow School of Economics, M.V. Lomosov Moscow State University, April 4 – 13, 2015.

2015 Boston International College, Affiliated with Pokhara University, Chitwan, Nepal, January, 2015.

2014 – 2015 Uniglobe College Affiliated with Pokhara University, December, 2014 – January 2015, Nepal. 2014 Pokahara University, December 26 – 28, 2014, Nepal. 2014 Université de Savoie, Institut d’Administration des Enterprises = Institute of the Administrations and the Enterprises (IAE) Savoie Mont-Blanc, Institut de 12

Recherche en Gestion et en Economie = Institute of Research in Management and in Economics (IREGE), Annecy-Le-Vieux, France, June – August 2014.

2014 University of Montenegro, Faculty of Economics, Podgorica, Montenegro, June 2014.

2014 University of Gdansk, Faculty of Economics, Gdansk, Poland, May 30 - June 3, 2014.

2014 Taras Shevchenko National University of Kiev, Faculty of Economics, Department of International Economics and Marketing, Kiev, Ukraine, April – May 2014.

2014 Ivan Franko National University of Lviv, Department of the Economy of Ukraine, Lviv, (Leviv) Ukraine, May 13- 16, 2014.

2014 Lviv National Polytechnic University, Department of Management and International Enterprising, Lviv, Ukraine, May 13-16, 2014.

2014 National Forestry University of Ukraine, Lviv, Ukraine, May 13-16, 2014.

2014 Odessa National Mechnikov University, Department of World Economy and Department of Economic Theory, Odessa, Ukraine, April 27-29, 2014.

2014 Chernihiv State Institute of Economics and Management, Ukraine, April 23, 2014.

2014 Federal Reserve Bank of San Francisco, March 17, 2014.

2014 Moscow School of Economics, M.V. Lomosov Moscow State University, February, 22 – March 1, 2014.

2013 School of Economics and Management, Beijing Jiaotong (Summer) University, Beijing, P. R. China: Macroeconomics and International Trade, 2013.

2013 – 2014 Makerere University, College of Business and Management Sciences, School of Economics, Kampala, Uganda, and Stawa University, Kampala, Uganda, December 2013 – January 2014. 13

2011 ISM University of Management and Economics, Vilnius, (Winter) Lithuania: International Finance, 2011.

Editorial Works:

1. Trade and Market of Ukraine, a Member of the Editorial Board, 2018 - Present. 2. International Journal of Sustainable Business, Associate Editor, 2017 - Present 3. LOGFORUM, Scientific Journal of Logistic, Member of the Editorial Board, 2017 – Present. 4. Dynamic Econometric Models, http://www.dem.umk.pl/dem/index.html, Member of the Editorial Board, 2016 – Present. 5. Economics and Law, http://www.ekonomia.i.prawo.umk.pl/ Member of the Editorial Board, 2016 – Present. 6. Equilibrium, http://economic-policy.pl/ Member of the Editorial Board, 2016 – Present. 7. Oeconomia Copernicana, http://oeconomia.pl/index.php/en/ Member of the Editorial Board, 2016 – Present. 8. Economics and Business Review, A Member of the International Editorial Advisory Board, 2015 – Present. 9. Journal of Central Banking Theory and Practice, A member of the Editorial Board, 2015 – Present. 10. Montenegrin Journal of Ecology, A member of the International Editorial Board, 2014 - Present. 11. Studia Historiae Oeconomicae, The Journal of Adam Mickiewicz University, Poland, A Member of the Editorial Board, 2014 – Present. 12. Montenegrin Journal of Ecology, Ekologija CG, member of the Advisory Board, 2014- Present. 13. Economics and Economy, Associate Editor and Member of the Advisory Board, 2013 – Present. 14. Interdisciplinary Journal of Economics and Business Law, a member of the International Board of Advisors, 2013 – Present. 15. Montenegrin Journal of Economics, (Co-Editor with Veselin Draskovic), Special Issues, Volume 8, Numbers 2 and 3, October 2012. 16. Montenegrin Journal of Economics, Associate Editor, 2012 - Present. 14

17. Montenegrin Journal of Economics, Member of the Advisory Board with Nobel Laureate Harry Markowitz and Victor Polterovich, 2012 - Present. 18. Polityka Wschodnia – Eastern Politics, Faculty of Journalism and Political Science in cooperation with Faculty of Management at the Warsaw University, A member of the Editorial Board, 2012 - Present. 19. Journal of Quantitative Methods for Social Sciences, A Member of the Advisory Board with Nobel Laureates, Lawrence Klein and Harry Markowitz, José-Maria Montero and Rector Universidad Externado, Bogotá, Colombia, 2012- Present. 20. Foundations of Management, A member of the Editorial Advisory Board, 2012 - Present. 21. Quantitative Methods in Economics, A member of the Scientific Board, 2011- present. 22. International Trade Journal, A member of the Editorial Board, 2011 - Present. 23. Empirical Economics Review, A member of the Editorial Board, 2011 - Present. 24. The International Journal of Finance, Associate Editor, 2010 – Present. 25. The Journal of Entrepreneurial Finance, A member of the Editorial Board, 2009 – Present. 26. Frontiers in Finance and Economics, A member of the Editorial Board, 2007- present. 27. International Journal of Business - Associate Editor – 1997 – present. 28. Global Finance Journal, A member of The Editorial Board, 2007-2016. 29. Poznan University of Economics Review, member of the Editorial Advisory Board, 2014-2015. 30. The Journal of Entrepreneurial Finance and Business Ventures, A member of the Editorial Board, 2002 - 2009. 31. The American Economist - Associate Editor 1997 – 2002. 32. Indiana Academy of the Social Science – Associate Editor, Economics 1984-1985. 33. Guest Editor, International Journal of Business, Emerging Financial Markets of the Middle East, Issue Number 1, 2003. 34. Guest Editor, The Journal of Entrepreneurial Finance and Business Ventures, Special issue on Research in International Entrepreneurial Finance and Business Ventures at the Turn of the Third Millennium, Fall 2002. 35. Contributing Editor, The Journal of Entrepreneurial Finance and Business Ventures, 2002. 15

36. Editor, Research in International Entrepreneurial Finance and Business Ventures at the Turn of the Third Millennium, Proceedings of the 13th Annual International Entrepreneurial Finance and Business Ventures Research Conference, New York City, 2002.

Refereed Publications

1. “Determinants of Economic Growth in Israel,” Chapter 6 in Economic Miracles in European Economies, Magdalena Osińska (Editor), Springer International Publishing AG, 2019.

2. “Technological Entrepreneurship: Substance, Meaning, Selected Directions in Research,” in Polish, (With Iwona Staniec, Karol Marek and Wojciech Machowiak), STUDIA I PRACE, Kolegium Zarzadzania i Finansow, Seszyt Naukowy, 168/2018, Pages 101-112, 2018.

3. “Economic Development in Poland and Ukraine: The Case of Foreign Trade,” (With Tadeusz Kowalski), Interdisciplinary Journal of Economics and Business Law (IJEBL), UK. Volume 7, Issue 2, Pages 35 – 61, 2018.

4. “Forecasting Company Default Using News Sentiment Analytics,” (With Bogusław BŁAWAT, Alojzy Z. NOWAK, Tadeusz WINKLER-DREWS), Interdisciplinary Journal of Economics and Business Law (IJEBL), UK. Volume 7, Issue 1, Pages 8-49, 2018.

5. “Spatial Differentiation of Food Expenditures in an Enlarged European Union,” (With Borkowski B., Krawiec M., Szczesny, W., and Świątkowska, M.), Annals of Nutrition & Food Science, Volume 2, Issue 2, Article 1006, Pages 1-9, 2017.

6. “Monetary Transmission: The Federal Funds Rate and the London Interbank Offered Rate (LIBOR),” (With J. Friedman) Journal of Finance and Economics, Volume 5, Issue 1, Pages 1-8, 2017.

7. “Collaboration and Collaboration Risk in Small and Middle- Size Technological Enterprises,” (With Karol Marek Klimczak, Wojciech Machowiak and Iwona Staniec), LogForum, Scientific Journal of Logistics, Volume 13(2), Pages 221- 235, 2017. 16

8. “The Evolution and Future of the BRICS: Unbundling Politics from Economics,” (With Shahrokhi, Huifang, Dandapani, Figueiredo and Parhizgari, Global Finance Journal, Volume 32, February, Pages 1-15, 2017.

9. “U.S. SPACs with a focus on China,” (With Milos Vulanovic), Lead Article, Journal of Multinational Financial Management, Volume 39, Pages 1-18, 2017.

10. “Performance of American and Russian Joint Stock Companies on Financial Market: A Microstructure Perspective,” With Magdalena Osińska and Andrzej Dobrzyński, Equilibrium, Quarterly Journal of Economics and Economic Policy, Volume 11, Issue 4, Pages 819-851. DOI: http://dx.doi.org/10. 12775/EQUIL.2016.037, 2016.

11. “Finance Methodology of Free Cash Flow,” (With U. Yaari, A. Nikiforova, E. Kahyaa), Global Finance Journal, Volume 29, February 2016, Pages 1–11, (Lead Article), 2016.

12. “Economic Policy After the Financial Crisis,” (With A. Nowak and K. Ryc), in Global Financial Turbulence in the Euro Area: Polish Perspective, ed. A Nowak, Peter Lang GmbH, Internationaler Verlag der Wissenschaften, Frankfurt am Main, Pages 119 – 136, 2015.

13. “Alternative Method of Measuring Concentration,” (With Z. J. Zawistowski1, W. Szczesny, B. Borkowski1, R. Kozera1 http://dx.doi.org/10.12785/amis/Concentration AMIS, Applied Mathematics and Information Sciences, Volume 10, Number 1, Pages 11 -19, 2015.

14. “The Responses of the Prime Rate to a Change in Policies of the Federal Reserve,” (With J. Friedman), Journal of Economic Modelling, Volume 46, Pages 407 – 411, April 2015.

15. “Specified Purpose Acquisition Companies in Shipping,” (With M. Vulanovic), Global Finance Journal, Volume 26, Issue 1, Pages 64-79, 2015.

16. “The Risk of Holding Periods of International Stock Exchanges,” (With A. Nowak and T. Winkler-Drewsn), International Journal of Business, Vol. 20, No. 2, Forthcoming, pages 91 – 110 (Lead Article), 2015. 17

17. “Real Convergence as the Way to Heal the Eurozone,” (With A. Nowak and K. Ryc) Przeglad Ustawodawstwa Gospodarczego NR 4, pages 1 – 12, 2014, also published in Yearbook of Polish European Studies (Yearbook of Polish European Studies), issue: 16 / 2013, pages: 85-110, and on www.ceeol.com.

18. “Institutional Changes of Specified Purpose Acquisition Companies (SPACs),” (With M. Lakicevic, and M. Vulanovic), North American Journal of Economics and Finance, Volume 28, pages 149–169, 2014.

19. “The Reaction of the U.S. and the European Monetary Union to Recent Global Financial Crisis," (with T. Kowalski), Global Finance Journal, Volume 25, Issue 1, pages 27-47, 2014.

20. “Financing Innovation: First Round of Financing by Venture Capital,” in Perspectives on Financing Innovation, coedited by James E. Daily F Scott Kieff, and Arthur E. Wilmarth Routledge Publishers, C-LEAF Studies in Economic and Financial Law, pages 121 - 148, 2014. The web-link for the book on Amazon is: http://www.amazon.com/Perspectives-Financing-Innovation- Routledge- Financial/dp/1138017957/ref=sr_1_3?s=books&ie=UTF8&qid=140 4389045&sr=1-3&keywords=Financing+Innovation#_

21. “Exports and Development Montenegro 2006-2012,” (With M. Kellman), Montenegrin Journal of Economics, Volume 9, No. 3, July, pp. 29-43, 2013. 22. “Sustainable Effects of Technological Progress and Trade Liberalization,” (With U. Spiegel), Economic Modelling, Volume 33, pp. 956–964, 2013. 23. “Impact of Volatility Estimation Method on Theoretical Option Values,” (With B. Borkowski and M. Krawiec), Global Finance Journal, Volume 24, Number 2, pp. 119-128, 2013. 24. “An Error of Collateral: Why Selling S&P 500 Index (SPX) Put Options May Not be Profitable,” (With E. Berkovich), The Journal of Derivatives, Spring, Volume 20, Number 3, pages 31-42, 2013. 25. “Zmiany struktury eksportu produktów rolnych w wybranych krajach UE w okresie 1980-2010,” in Polish (With 18

Binderman, Z., Borkowski B., and Szczesny W.), Quantitative Methods in Economics, Vol. XIII, Number 1, pages 36 - 48, 2012. 26. “Foreign Direct Investment among Latin American Custom Union Economies: An Economic Integration Analysis,” Chapter 10, (With Bengoa M., and Sanchez-Robles, PROPUESTAS DE POLÍTICA ECONÓMICA ANTE LOS DESAFÍOS ACTUALES, (University of Malaga Ed.), 2012, pp. 503-527. 27. “Evolving Sophistication of Trade Patterns in a Transition Economy – Machinery Exports of Poland 1980–2009,” (with M. Kellman), POZNAŃ UNIVERSITY OF ECONOMICS REVIEW, (Lead Article), Volume 12, Number 3, 2012, pp. 9-41. 28. “Economic Institutions and the Euro,” (with A. Nowak), Montenegrin Journal of Economics, (Lead Article), Volume 8, Number 2, 2012, pp. 7–24. 29. “Financial Crises and Economic institutions: An Institutional Account of the U.S.A. Financial Crisis,” Montenegrin Journal of Economics, Volume 8, Number 2, 2012, pp. 45-52. 30. “Economies, New: Africa, 1900-Present,” in Cultural Sociology of the Middle East, Asia, and Africa: An Encyclopedia, edited by Edward Ramsamy, Andrea L. Stanton, Peter J. Seybolt, and Carolyn Elliott, Volume 2; Africa, Volume 2, 2012, pp. 262-267, SAGE Publications Inc. 31. “An Essay in Favor of Dynamic Partial Control of the Economy,” (with R. Shinnar), International Journal of Business, Volume 17, Number 3, 2012, pp. 221 – 237. 32. “Changes of Structure of Exports of Agricultural Products in Chosen Countries During 1980 – 2010,” (with Z. Binderman, B. Borkowski, and W. Szczesny) Quantitative Methods in Economics, Volume XIII, Number 1, 2012, pp. 36- 48, in Polish with an abstract in English. 33. “Giffen Goods in a Transition Economy: Subsistence Consumption in Russia,” (with J. Szyrmer), Frontiers in Finance and Economics, Volume 8, Number. 2: 27-48, 2011. 34. “String of Defaults: Spanish Financial Crises through the Years,” (with T. Shachmurove), AESTIMATIO, The IEB International Journal of Finance, Volume 2, 2011, pp. 168- 187. 35. “A Historical Overview of Financial Crises in the United States,” Global Finance Journal, Volume 23, Issue 3: 217- 19

231, 2011, published simultaneously in Poznan University of Economics Review, Volume 11, Number 1, 2011, pp. 28-47. 36. “The Financial Crisis: What is there to Learn?,” (with T. Kowalski), Global Finance Journal, Volume 23, Issue 3: 238-248, 2011, published simultaneously in “The Financial Crisis: What Lessons Can Be Learned?” (with T. Kowalski) Poznan University of Economics Review, Volume 11, Number 1, 2011, pp. 48-63. 37. “Geography and Venture Capital Investment in the U.S. 1995-2009,” (with E. Shachmurove), in Douglas Cumming (ed.) Handbook of Entrepreneurial Finance, Venture Capital and Private Equity, Chapter 31, 2011, pp. 938-965, Oxford University Press. 38. “Diversification and Specialization in Developing Country Trade,” (with M. Kellman), Review of Development Economics, Volume 15, Number 2, May 2011, pp. 212-222. 39. “An Excursion Through Two Hundred Years of Financial Crises,” Quantitative Methods in Economics, (Lead Article), Volume 11, Number 1, 2010, pp. 1-23. 40. “Economic Crises: Past, Present and… Future,” International Journal of Business, (Lead Article), Volume 15, Number 4, Fall 2010, pp. 363-375. 41. “The Welfare of Nations in a Globalized Economy,” (with U. Spiegel) International Trade Journal, (Lead Article), Volume 24, Number 3, July-September 2010, pp. 230-260. 42. “Major U.S. States as Centers of Venture Backed Entrepreneurial Activities,” International Journal of Business, (Lead Article), Volume 15, Issue 2, 2010, pp. 131-141. 43. “Venture-Backed Capital Investment in the Clean-Technology Industry in the United States,” in Spanish, “La Inversion Respaldada Por El Capital Riesgo En La Industria De La Technologia Limpia En Estados Unidos,” (with E. Shachmurove), CLM. Economia (Spain), Number 15, 2009, pp. 81-104. 44. “The Rise in the Clean-Technology Venture Capital Market in the United States, 1995-2008,” (with E. Shachmurove), Polish Journal of Environmental Studies, Volume 18, Number 5B, 2009, pp. 171-176. 45. “The Effects of Industrial Sector and Location on Venture- Backed United States Companies, 1995-2008,” (with E. 20

Shachmurove), Polish Journal of Environmental Studies, Volume 18, Number 5B, 2009, pp. 165-170. 46. “Entrepreneurship, Medium and Small Enterprises in Oman,” Chapter 25, in Handbook of Research on Asian Entrepreneurship, Leo Dana, Isabell Welpe, Vanessa Ratten and Mary Han (eds.), Edward Elgar, 2009, pp. 220-229. 47. “Entrepreneurship, Medium and Small Enterprises in Qatar,” Chapter 29, in Handbook of Research on Asian Entrepreneurship, Leo Dana, Isabell Welpe, Vanessa Ratten and Mary Han, Edward Elgar (eds.), 2009, pp. 257-264. 48. “Process Unpredictability in Deterministic Systems”, in Jose V. Ciprut, Editor, Indeterminacy, the Mapped, the Navigable and the Uncharted, (with H. Bau) Cambridge, MA: MIT Press, January 2009, pp. 215-240. 49. “Dynamic Linkages among Asian – Pacific Exchange Rates 1995–2004,” (with T. Shachmurove), International Journal of Business, (Lead Article), Volume 13, Issue 2, 2008, pp. 101-117. 50. “Modeling and Forecasting Energy Consumption in China: Implications for Chinese Energy Demand and Imports in 2020,” Energy Economics, (with J. Adams), Volume 30, Issue 3, May 2008, pp. 1263-1278. 51. “A Future Global Economy to be Built by BRICs” (with Hui Fang Cheng, Margarida Gutierrez, Arvind Mahajan, and Manuchehr Shahrokhi), Global Finance Journal, (Lead Article), Volume 18, Number 2, 2007, pp. 143-156. 52. “What Makes an and Does it Pay? Native Men, Turks, and Other Migrants in Germany,” (with A. Constant, and K. F. Zimmermann), International Migration, Volume 45, Issue 4, October 2007, pp. 71-100. 53. “Innovation and Trade: Introduction and Comments,” in Eytan Sheshinski, Robert J. Strom and William J. Baumol (eds.), Entrepreneurship, Innovation, and the Growth Mechanism of the Free- Economies, Princeton University Press, 2007, pp. 247-260. 54. “An Excursion into the Venture Capital Industry Stratified by Locations and Industries 1996-2005,” The Journal of Entrepreneurial Finance and Business Ventures, Volume 11, Issue 3, December 2006, pp. 79–104. 21

55. “Endowment Shock and Its Welfare Effects in Open Market Economies,” (with U. Spiegel), The American Economist, Volume L, Number 2, Fall 2006, pp. 42–46. 56. “The Aims and Purposes of the China Papers,” (with Laurence R. Klein), International Journal of Business, Volume 11, Number 3, 2006, pp. 237-238, 2006. 57. “Dynamic Linkages among the Stock Exchanges of the Emerging Tigers of the Twenty First Century,” International Journal of Business, Volume 11, Number 3, 2006, pp. 317-344. 58. “Entrepreneurial Ventures and Wage Differentials between Germans and Immigrants,” (with A. Constant), International Journal of Manpower, (Lead Article), Volume 27, Issue Number 3, July 2006, pp. 208-229. 59. “Why Is China So Competitive? Measuring and Explaining China’s Competitiveness,” (with G. Adams and B. Gangnes), The World Economy, (Lead Article), Volume 29, Number 2, February 2006, pp. 95-122. 60. “European Stock Market Linkages: The Effect of the Adoption of the Euro as a Single Currency,” (with J. Friedman) Alliance Journal of Business Research, Volume 1, Number 2, November 2005, pp. 21-34. 61. “Business Applications of Emulative Neural Networks”, International Journal of Business, (Lead Article), Volume 10, Issue 4, 2005, pp. 303–322. Reprinted in Neural Networks, Mita Devi, Elizabeth Raju, Editors, Institute of Chartered Financial Analysts of India University Press, India, December 2009. 62. “A Monopoly Reason Why Autarky Might be Best for a Large Country,” (with U. Spiegel), The Manchester School, (Lead Article), Volume 73, Number 3, June 2005, pp. 269 - 280. 63. “Dynamic Linkages Among the Emerging Middle Eastern and the United States Stock Markets,” International Journal of Business, (Lead Article), Volume 10, Issue 1, 2005, pp. 103-132. 64. “Annualized and Cumulative Returns on Venture-Backed Public Companies Categorized by Industry,” (with A. Shachmurove), The Journal of Entrepreneurial Finance and Business Ventures, Volume 9, Issue 3, December 2004, pp. 41-60. 65. “Annualized Returns of Ventured-Backed Public Companies Stratified by Decades and by Stage of Financing,” (with E. Shachmurove), The Journal of Entrepreneurial Finance and 22

Business Ventures, Volume 9, Issue 2, October 2004, pp. 109-123. 66. “An introduction to the Special Issues on Financial Markets of the Middle East”, International Journal of Business, Volume 9, Issue 3, 2004, pp. 211-236. 67. “Subjective Discount Functions – An Experimental Approach,” (with BenZion U. and Y. Yagil), Applied Financial Economics, 2004, Volume 14, pp. 299–311. 68. “Entrepreneurial Failure and South Africa's Performance in the World Trading Environment,” (with M. Kellman and T. Roxo), The Journal of Entrepreneurial Finance and Business Ventures, (Lead Article), Volume 8, Issue 3, December 2003, pp. 1-15. 69. “Introduction for the Special Issue on Emerging Financial Markets of the Middle East,” International Journal of Business, Volume 8, Issue 3, 2003, pp. 227-242. 70. “Efficiency Differences Between the S&P 500 and the Tel- Aviv 25 Indices: A Moving Average Comparison,” (with BenZion, U., Klein, P. and Yagil Y.), International Journal of Business, Volume 8, Issue 3, 2003, pp. 267-284. 71. “Costs and Benefits of Alarms to the Community,” (with S. Hakim, M. Gaffney and G. Renget), Chapter 6.3, pp. 311-321 in Readings in Security Management: Principles and Practices, Compiled and Edited by Robert D. McCrie, American Society for Industrial Security (ASIS) International, 2002, Reprinted from Security Journal, 1995. 72. “Do Burglars Calculate ROI? A Logistic Regression Analysis,” (with G. Fishman, and S. Hakim), Second Moment: The News and Business Resource for Applied Analytics, 2003. 73. “The Behavior of Secondary European Stock Markets to Positive and Negative Shocks,” International Journal of Business, (Lead Article), Volume 7, Number 2, 2002, pp. 1- 16. 74. “Annualized Returns of Venture-Backed Public Companies Categorized by Stage of Financing,” Journal of Entrepreneurial Finance, Volume 6, Number 1, 2001, pp. 44- 58. 75. “Dynamic Interrelation Among Major World Stock Market: A Neural Network Analysis,” (with D. Witkowska), International Journal of Business, (Lead Article), Volume 6, Issue 1, 2001, pp. 1-22. 23

76. “Target Search of Burglars: A Revised Economic Model,” (with S. Hakim and G. Rengert), Papers in Regional Science, The Journal of the Regional Science Association International, (Lead Article), Volume 80, Number 2, April 2001, pp. 121- 137. 77. “Have the Kibbutzim Helped to Narrow the Socioeconomic Gap in Israel?” (with T. Lecker), Jewish Population Studies 29, Papers in Jewish Demography 1997, Edited by Sergio Della Pergola and Judith Even, Jerusalem, 2001. 78. “Portfolio Analysis of Major Eastern European Stock Markets” International Journal of Business, (Lead Article), Volume 5, Number 2, Fall 2000, pp. 1–28. 79. “Energy Consumption and Economic Growth in East Asia: Implications of the East Asian Crisis” (with F. G. Adams), The Journal of Energy and Development, Volume 25, Number 1, 1999, pp. 71-85. 80. “A Puzzle Resolved: Japan’s High Currency Value and Trade Surplus,” The American Economist, Volume 43, Number 1, 1999, pp. 47–51. 81. “Immigration and Socioeconomic Gaps: Theory and Applications,” (with Tikva Lecker), Applied Economics, Volume 31, pp. 539 – 549, 1999. 82. “The Premium in Black Dollar Foreign Exchange Markets: Evidence From Developing Economies,” Journal of Policy Modeling, (Lead Article), Volume 21, Number 1, 1999, pp. 1- 39. 83. “A Test of the Linder Hypothesis in Pacific Newly Industrialized Countries Trade,” (with Chow and Kellman) Applied Economics, Volume 31, pp. 175-182, 1999. 84. “Return-Volume Dynamics in Futures Markets,” (with A. E. Kocagil), The Journal of Futures Markets, Volume 18, Number 4, June 1998, pp. 399-426. 85. “The Use of Household Survey Data: The Probability of Property Crime Victimization,” (with G. Fishman and S. Hakim), Journal of Economic and Social Measurement, (Lead Article), Volume 24, Number 1, 1998, pp. 1-13. A Non- technical Summary Published in “Do Burglars Calculate ROI? A Logistic Regression Analysis,” (with G. Fishman and S. Hakim), Second Moment: The News and Business Resource for Applied Analytics, 2003. 24

86. “Portfolio Analysis of South American Stock Markets,” Applied Financial Economics, Volume 8, 1998, pp. 315-327. 87. “Potential Gains From International Diversification Across Latin American Stock Markets,” in Emerging Markets Finance and Investments, Choi and Doukas (editors), Quorum Books, Greenwood Publishing Group, 1998, pp. 297-315. 88. “Crime Mobility,” (with S. Hakim) in American Cities and Suburbs: An Encyclopedia, edited by Neil L. Shumsky, Garland Publishing, New York City, 1998, pp. 219-220. 89. “Suburban Crime,” (with S. Hakim) in American Cities and Suburbs: An Encyclopedia, edited by Neil L. Shumsky, Garland Publishing, New York City, 1998, pp. 753-754. 90. “Have the Kibbutzim Helped to Narrow the Socioeconomic Gap in Israel?” (with T. Lecker), in Jewish Population Studies 29, Papers in Jewish Demography 1997, selected proceedings of the Demographic Sessions held at the 12th World Congress of Jewish Studies, Jerusalem, July–August, 1997, Edited by Sergio Della Pergola and Judith Even, The Avraham Harman Institute of Contemporary Jewry, The Hebrew University of Jerusalem, Jerusalem, 2001. 91. “Trade and Development Patterns in the East Asian Economies,” (with F.G. Adams), Asian Economic Journal, (Lead Article), Volume 11, Number 4, December 1997, pp. 345-360. 92. “Co-Movements of Major European Community Stock Markets: A Vector Autoregression Analysis,” (with J. Friedman), Global Finance Journal, Volume 8(2), 257-277, Fall/Winter 1997. 93. “A Social Cost-Benefit Analysis of Crime Avoidance,” (with S. Hakim) in Hakim S. and Blackstone Securing Home and Business, Butterworth-Heinemann Publishers, MA, USA, 1997, pp. 77-98. 94. “The Effectiveness of Alarms to the Insurance Industry,” (with S. Hakim) in Hakim S. and Blackstone Securing Home and Business, Butterworth-Heinemann Publishers, MA, USA, 1997, pp. 99-112. 95. “Dynamic Linkages Among Latin American and Other Major World Stock Markets,” in Research in International Business and Finance: International Stock Market Interactions and Financial Issues in Emerging Markets, (Lead Article), edited by John Doukas and Larry Lang, JAI Press Inc., Volume 13, 1996, pp. 3-34. 25

96. “Stock Return Differentials as Predictors of Exchange Rates: An Empirical Investigation,” (with R. A. Ajayi and S. M. Mehdian) The Journal of Business and Economic Studies, Volume 3, Number 1, 1996, pp. 45-52. 97. “International Transmission of Innovations Among European Community Stock Markets,” in Research in International Business and Finance, edited by John Doukas, JAI Press, Greenwich, CT, (with J. Friedman), Volume 13, 1996, pp. 35- 64. 98. “Import Vulnerability of Defense-Related Industries: An Empirical Model,” (with M. Kellman and T. Saadawi), Journal of Policy Modeling, Volume 18, Issue 1, 1996, pp. 87-108. 99. “Social Cost Benefit Analysis of Commercial and Residential Burglar and Fire Alarms,” (with S. Hakim), Journal of Policy Modeling, Volume 18, Issue 1, 1996, pp. 49-68. 100. “The Optimum Size of the Labor-Managed Firm,” (with U. Spiegel), Economic Journal, Volume 24, Issue 2, June 1996, pp. 110-117. 101. “Spatial and Temporal Patterns of Commercial Burglaries: The Evidence Examined,” (with S. Hakim), The American Journal of Economics and Sociology, Volume 55, Issue 4, October 1996, pp. 443-456. 102. “Residential Alarms: A Cost-Benefit Analysis,” (with S. Hakim, and G.F. Rengert), Justice Quarterly - The Journal of the Academy of Criminal Justice Sciences, Volume 13, Issue 1, March 1996, pp. 153-170. 103. “On Nations' Size and Transportation Costs,” (with U. Spiegel), Review of International Economics, Volume 3, Issue 2, June 1995, pp. 235 -243. 104. “Burglar and Fire Alarms: Costs and Benefits to the Locality,” (with S. Hakim and G.F. Rengert), The American Journal of Economics and Sociology, Volume 54, Issue 2, April 1995, pp. 145-161. 105. “Labor-Managed Firms in Transition Economies,” (with U. Spiegel), Comparative Economic Studies, Volume 37, Issue 1, 1995, pp. 39-53. 106. “Cost Benefit Analysis of Burglar Alarms,” (with S. Hakim, M.Gaffney and G. Renget), Security Journal, Elsevier Science Publisher Co., New York, Volume 6, Issue 3, 1995, pp. 197-204. 26

107. “East Asian Newly Industrialized Countries Manufactured Intra-Industry Trade 1965-1990,” (with P. Chow and M. Kellman), Journal of Asian Economics, (Lead Article), Volume 5, Number 3, Fall 1994, JAI Press Inc. pp. 335-348. 108. “Voting as Investment vs. Voting as Consumption: New Evidence,” (with J. M. Guttman and N. Hilger), Kyklos, Volume 47, Issue 2, 1994, pp. 197-207. 109. “Costs and Benefits of Burglar Alarms to the Community,” (with G. Rengert), in Commercial Security, ed. S. Hakim, pp. 100-119, Security Industry Association, Washington, D.C., 1994. 110. “The Linkage Among Stock Markets in Selected Western Countries and Israel Before and During the Gulf Crisis,” (with A. Birati), Quarterly Banking Review, Volume XXXI, Number 123, March 1993, pp. 82-98. 111. “International Stock Price Movements Before and During the Gulf Crisis,” (with A. Birati), Atlantic Economic Society: Best Papers Proceedings, Volume 2, Number 2, July 1992, pp. 42-47. 112. “The Influence of Financial Disclosure Number 36 on Securities Returns,” Quarterly Banking Review, Volume XXX, Number 118, December 1991, pp. 66-91. 113. “The Effects of Changes in Stock Prices in the Major Industrial Countries During the Gulf Crisis,” (with A. Birati), Quarterly Banking Review, Volume XXX, Number 117, September 1991, pp. 85-100. 114. “The Prediction of Corporate Bankruptcy Using Financial Ratios and Discriminant Analysis,” Quarterly Banking Review, Volume XXIX, Number 115, April 1991, pp. 89-111. 115. “The Process of Adjustment Between Price and Exchange Rates - Israel 1977-1986,” Quarterly Banking Review, (with A. Birati), Volume XXIX, Number 115, April 1991, pp. 43-54. 116. “Dynamic Optimization of Political Popularity in an Empirical Macroeconomic Model,” Public Choice, (with J. M. Guttman), Volume 66, Number 1, July 1990, pp. 51-66. 117. “Politically Optimal Dynamic Macroeconomic Strategy,” (with J. M. Guttman), Issues in Israel's Economy, 1989. 118. “The Sensitivity of the State Economy on the National Employment: Some Evidence,” in Public Policy and Regional Development, D. Kingsley (ed.) Indiana University Press, 1988. 27

119. “The Effects of International Trade on Indiana Employment: A Time Series Analysis,” Perspectives on the Indiana Economy, 1987. 120. “Nominal and Real Shocks to the Israeli Economy – The Seventies Versus the Eighties,” (Lead Article), (with Y.Rosenberg), Issues in Israel's Economy, 1987. 121. “The Integration of the Israel Economy into the European Economic Community: Recent Trends and a Forecast,” in European Community and the State of Israel: Economic, Political and Institutional Aspects, edited by Greilsammer Ilan and Joseph H. Weiller, European University Institute, Berlin and New York, De Gruyter, 1987, pp. 73-112. 122. “U.S. and Japanese Multinationals: How Their Societies' Social Structure Affect Their Success,” Indiana Academy of the Social Sciences, Volume XXI, 1986. 123. “Changes in the Dependence of State Employment on National Employment in the Last Decade: Some Evidence,” Indiana Business Review, Volume 60, 1985, pp. 8-13. 124. “Time Series Analysis of the Relation Between the Indiana and the U.S. Economy: Visions and Realities - 1984,” Indiana Academy of the Social Sciences, Volume XIX, 1984, pp. 51-62. 125. “A Comparison of the Performance of a Vector Autoregressive Econometric Model of the Indiana Economy with the Indiana University School of Business Structural Model,” Indiana Academy of the Social Sciences, Volume XVIII, 1983, pp. 46- 56. 126. “Neural Network Analysis of Major World Stock Markets” (“Analiza Rynkow Kapitalowyche na Swiecie Przy Wykorzystaniu Sztucznych Sieci Neutonowych”, in Zastosowania Badan Operacyjnych Tadeusza Trzaskalika, Lodz, 1997 (with Dorota Witkowska in Polish). http://ssrn.com/author=25958

Other Publications:

28

Review of Yared/Vincent, Intermediate Macroeconomics 1/e A Digital, Interactive Approach to Learning Macro, , Pearson Business Publishing, November 2017.

Review of Yared/Vincent, Intermediate Macroeconomics 1/e Business Cycles Proposal, Pearson Business Publishing, November 2015.

Review of the first edition of the book entitled: “Development Economics: Institutions and Welfare,” by Gerard Rolnad, Pearson Education, 2011 (published in 2014).

Review of the Eighth Edition of “Intermediate Microeconomics: A Modern Approach” by Hal Varian, University of California, Berkeley and Google. The book is the #1 intermediate microeconomics textbook in the world, 2010.

TEST BANK, to accompany International Economics: Theory and Policy, Eighth Edition, by Nobel Laureate Paul Krugman and Maurice Obstfeld, (with M. Kellman), Addison Wesley, 2009.

Review of the Fourth Edition of “Industrial Organization: Contemporary Theory and Empirical Applications,” by Lynne Pepall, Dan Richards and George , Blackwell Publishing, 2008. The book is the leading textbook in Industrial Organization

TEST BANK, to accompany International Economics: Theory and Policy, Seventh Edition, by Nobel Laureate Paul Krugman and Maurice Obstfeld, (with M. Kellman), Addison Wesley, 2006.

TEST BANK, to accompany International Economics: Theory and Policy, Sixth Edition, by Nobel Laureate Paul Krugman and Maurice Obstfeld, (with M. Kellman), Addison Wesley, 2003.

Papers Published on the World Wide Web (Partial List):

1. “Do Burglars Calculate Return on Investment? A Logistic Regression Analysis (with G. Fishman and S. Hakim), at: http://www.secondmoment.com; a site that publishes papers on applied statistics and analytics, July 2001.

2. Security Industry Association (SIA) Research Update, Fall, 2001.

29

Proceedings - Partial List:

“International Trade Between Brazil and Poland,” (with M. H. Kellman), XIX International Scientific Conference, Quantitative Methods in Economics, 2018, Warsaw University of Life Sciences - SGGW, Warsaw, Poland, June 18-19, 2018.

“The Geographical Dynamics of Venture Capital Investments from 1970 until 2013 in the OECD and the BRICS Countries,” Session Theme: Regional Finances, Investments and Capital Markets, European Regional Science Association, World Renaissance: Changing Roles for People and Places, 55-th Congress, Lisbon, Portugal, 25- 29 August, 2015.

“Alternative Methods of Measuring Concentration,” the 12-th International Conference of Numerical Analysis and Applied Mathematics (ICNAAM), Workshop on Numerical and Symbolic Computation in Surface and Curve Modelling, (With Z. Zawistowski, W. Szczesny, and B. Borkowski), edited by Theodore E. Simos and Charalambos Tsitouras, Volume number: 1648, ISBN: 978-0-7354-1287- 3, Rhodes, Greece, conference on 22- 28 September, 2014, Proceeding published on March 2015.

“Financial Crises and Economic Institutions: An Institutional Account of the U.S.A. Financial Crisis,” Keynote Speech, The International Science Conference on Economic Institutions as a Conditional for Social and Economic Development of Transitional Countries, Conference Opening Plenary Session, Book of Abstracts, October 2012, Kotor, Montenegro.

“Economic Institutions and the Euro,” Introductory Paper, The International Science Conference on Economic Institutions as a Conditional for Social and Economic Development of Transitional Countries, Conference Opening Plenary Session, Book of Abstracts, October 2012, Kotor, Montenegro.

“Economic Crises: Past, Present and… Future,” Conference Opening - Plenary Session, International Conference on Quantitative Methods in Economics 2010, June 2010, Warsaw, Poland.

“Clean Technology Backed by Venture Capital,” International Conference on Quantitative Methods in Economics 2010, June 2010, Warsaw, Poland.

30

“Is the Gender Gap a Myth?” Plenary Session - Conference Closing, International Conference on Quantitative Methods in Economics 2010, June 2010, Warsaw, Poland.

“Global Finance Crises in Historical Context,” Plenary Session, after the presentation by the former Chairman of the National Bank of Poland and Deputy Prime Minister and Finance Minister of Poland, the Father of the Market Reforms in Poland, Professor Laszek Balcerowicz, sharing the podium with Adam Szyszka, Karim Pakravan, Taduesz Kowalski and Manucheher Shahrokhi, Global Finance Conference, Poznan, Poland, June 28-30, 2010.

“Venture-Backed Capital Investment in the Clean-technology Industry in the United States,” Global Finance Conference, Poznan, Poland, June 28-30, 2010.

“The Gender Gap Reconsidered – International Evidence,” Global Finance Conference, Poznan, Poland, June 28-30, 2010.

“The Effects of Industry Sector and Location on Venture-Backed American Companies, 1995-2008,” Book of Abstracts, page 56, First International Conference: Quantitative Methods in Economics, QME 2009, June, 2009, Lodz, Poland.

“The U.S. Sub-prime Crisis and its Domestic and International Effects on the Economy and Financial Markets,” Theme (Keynote) Commencement Address, The Development and Risk Management of Global Capital Markets, May 18-20, 2008, Hangzhou, People’s Republic of China, sharing the podium with Former Premier Minister of New Zealand and Director General of the World Trade Organization.

“The Venture Capital Industry in the United States,” Fourth International Finance Conference, 14-17 March 2007, Yasmine- Hammamet, Diar el Medina, Tunisia.

“The Venture Capital Industry in the United States,” The 4-th China (Hangzhou) International Conference on WTO, Financial Engineering and Venture Capital, Hangzhou, China, October 14-16, 2006.

“An Excursion into the Venture Capital Industry Stratified by Locations,” in Academy of Entrepreneurial Finance Proceedings, Seventeen Annual Conference, April 19 – 21, 2006, Pasadena, California, edited by Rassoul Yazdipour. 31

“Annualized and Cumulative Returns on Venture-Backed Public Companies Categorized by Industry,” in Research in International Entrepreneurial Finance and Business Ventures at the Turn of the Third Millennium, Proceedings of the 13th Annual International Entrepreneurial Finance and Business Ventures Research Conference, New York City, 2002.

“South Africa’s International Competitiveness A Product Level Analysis” (with Mitchell Kellman, and Trevor Roxo), in Research in International Entrepreneurial Finance and Business Ventures at the Turn of the Third Millennium, Proceedings of the 13th Annual International Entrepreneurial Finance and Business Ventures Research Conference, New York City, 2002.

“Entrepreneurial Immigrants in Germany” (with Amelie Constant) in Research in International Entrepreneurial Finance and Business Ventures at the Turn of the Third Millennium, Proceedings of the 13th Annual International Entrepreneurial Finance and Business Ventures Research Conference, New York City, 2002.

“Chaotic Systems Analysis of Major Stock Market Indices,” Global Finance International Conference Yearbook, Istanbul, Turkey, 1999, pp. 70 – 72.

“Responses of Secondary European Stock Markets to Incertitude,” Global Finance International Conference Proceedings, Mexico City, Mexico, 1998, pp. 83-85. Working Papers (Partial List) University of Pennsylvania, Center for Analytic Research in Economics and the Social Sciences (CARESS):

“Dynamic Daily Returns Among Latin American and Other Major World Stock Markets,” Working Paper (WP) # 96-03.

“The Premium in Black Dollar Markets,” WP # 97-03.

“Using Vector Autoregression Models to Analyze the Behavior of the European Community Stock Markets,” (with J. Friedman) WP #97-04.

“Formulating Optimal Portfolios in South American Stock Markets,” WP # 97-06.

“The Burglar as a Rational Economic Agent,” (with G. Fishman and S. Hakim), WP # 97-07. 32

1. “Portfolio Analysis of Latin American Stock Markets,” WP # 97-08. 2. “Japan's Enigmatic Coexistence of Strong Currency and Trade Surplus,” WP # 98-02. 3. “The Effects of Immigration on Socioeconomic Gaps in a Labor Managed System Versus in a Competitive System,” (with T. Lecker) WP # 98-04. 4. “Utilizing Artificial Neural Network Model to Predict Stock Markets’ Returns,” (with Dorota Witkowska), WP # 00-11. 5. “Optimal Portfolio Analysis for the Czech Republic, Hungary and Poland During 1994-1995 Period,” WP # 00-12. 6. “The Effects of the East Asian Crisis on the Region’s Energy Consumption,” (with F. Gerard Adams), WP # 00-13. 7. “Knowing your Odds: Home Burglary and the Odds Ratio,” (with Simon Hakim and George F. Rengert, WP # 00-14. 8. “An Empirical Investigation of IPO’s Annualized returns in the Last Three Decades,” WP # 00-15. 9. “A Moving Average Comparison of the Tel-Aviv 25 and S & P 500 Stock Indices,” (with Uri BenZion, Paul Klein, and Joseph Yagil), WP # 01-17. 10. “Dynamic Co-movements of Stock Indices: The Emerging Middle Eastern and the United States Markets,” WP # 01 – 18. 11. “Tests of Financial Markets’ Efficiency for Thirteen Small European Countries,” WP # 01-20. 12. “Chaos Theory and Its Application,” (with Haim H. Bau), WP # 02-02. 13. “Applying Artificial Neural Networks to Business, Economics and Finance,” WP 02-08.

Working Papers (Partial List) University of Pennsylvania, Institute for Economic Research:

1. “Information Flow, Trading and Efficiency in Futures Markets,” (with A. Kocagil), Working Paper (WP) 97-038. 2. “Evidence of the Correlation between Trade and Development in the East Asian Emerging Economies,” (with G. Adams) WP 97- 039. 3. “East Asian NIC Trade - Linder Revisited,” (with P. Chow and M. Kellman) WP #97-040. 4. “How Good is the Exponential Function Discounting Formula? An Experimental Study,” Penn Institute for Economic Research (PIER) Working Paper 03-015, with U. Benzion and J. Yagil, June 2003. 33

5. “Financial Markets of the Middle East and North Africa: The Past and Present,” Penn Institute for Economic Research (PIER) Working Paper 03-017, June 2003. 6. “South Africa’s International Competitiveness: A Product Level Analysis,” (with M. Kellman and T. Roxo) Penn Institute for Economic Research (PIER) Working Paper 03- 020, July 2003. 7. “Economic Development in the Middle East,” Penn Institute for Economic Research (PIER) Working Paper 04-022, July 2004. 8. “The Reality of IPO Performance: An Empirical Study of Venture-Backed Public Companies,” Penn Institute for Economic Research (PIER) Working Paper 04-030, July 2004. 9. “Size Does Matter: International Trade and Population Size,” (with U. Spiegel) Penn Institute for Economic Research (PIER) Working Paper 04-035, July 2004. 10. “What One Can Learn From the Initial Public Offering of Google? A Twenty-Year Excursion to the Venture Capital Industry,” (with E. Shachmurove) Penn Institute for Economic Research (PIER) Working Paper 04-041, October 2004. 11. “How the Dragon Captured the World Export Markets: Outsourcing and Foreign Investment Lead the Way,” (with G. Adams and B. Gangnes), Penn Institute for Economic Research (PIER) Working Paper 04-042, December 2004. 12. “The Role of Turkish Immigrants in Entrepreneurial Activities in Germany,” (with A. Constant and K. Zimmermann), Penn Institute for Economic Research (PIER) Working Paper 05-028, October 2005. 13. “European Stock Market Dynamics Before and After the Introduction of the Euro,” (with J. Friedman), Penn Institute for Economic Research (PIER) Working Paper 05- 029, October 2005. 14. “The Comparison of Incomes of Self-Employed and Salaried Workers among German Nationals and Immigrants,” (with A. Constant), Penn Institute for Economic Research (PIER) Working Paper Number 05-030, November 2005. 15. “Technological Improvements and Comparative Advantage Reconsidered,” Penn Institute for Economic Research (PIER) Working Paper, Number 06-023, September 2006. 16. “Projections of Chinese Energy Demands in 2020,” (with G. Adams), Penn Institute for Economic Research (PIER) Working Paper, Number 07-012, February 2007. 34

17. “Geography and Industry Meet Venture Capital,” Penn Institute for Economic Research (PIER) Working Paper, Number 07-015, March, 2007. 18. “In the Same Boat: Exchange Rate Interdependence in the Asia-Pacific Region,” (with T. Shachmurove), Penn Institute for Economic Research (PIER) Working Paper Number 07-019, July 2007. 19. “Ricardo Meets China, India and U.S. Three Hundred Years Later,” (with U. Spiegel) Penn Institute for Economic Research (PIER) Working Paper, Number 09-015, March 2009. 20. “Entrepreneurship in Qatar,” Penn Institute for Economic Research (PIER) Working Paper, Number 09-025, July 2009. 21. “Entrepreneurship in Oman,” Penn Institute for Economic Research (PIER) Working Paper, Number 09-026, July 2009. 22. “The Next Financial Crisis,” Penn Institute for Economic Research (PIER) Working Paper, Number 10-027, July 2010. 23. “Adam Smith Meets an Index of Specialization in International Trade,” (with M. Kellman) Penn Institute for Economic Research (PIER) Working Paper, Number 10-029, August 2010. 24. “Location, Location, Location: Entrepreneurial Finance Meets Economic Geography,” (with E. Shachmurove) Penn Institute for Economic Research (PIER) Working Paper, Number 10-30, August 2010. 25. “Reoccurring Financial Crises in the United States,” Penn Institute for Economic Research (PIER) Working Paper, Number 11-006, July 2010. 26. “Boom and Bust of the Spanish Economy,” (with T. Shachmurove) Penn Institute for Economic Research (PIER) Working Paper, Number 11-011, May, 2011. 27. “An Historical Walk through Recent Financial Crises,” (with T. Kowalski), Penn Institute for Economic Research (PIER) Working Paper, Number 11-019, July 2011. 28. “Sir Robert Giffen Meets Russia in Early 1990s,” (with J. Szyrmer), Penn Institute for Economic Research (PIER) Working Paper, Number 11-020, July 2011. 29. “The Ability to Adapt and Overcome Obstacles: Machinery Exports of Poland,” (with M. Kellman) Penn Institute for Economic Research (PIER) Working Paper, Number 12-004, February 2012. 30. “Consistent Valuation Cash Flow” (with U. Yaari, A. Nikiforov, and E. Kahya), Penn Institute for Economic Research (PIER) Working Paper, Number 12-009, March 2012. 35

31. “Do Chemical Reactors Hold the Solution for Global Economic Crises?” (with R. Shinnar), Penn Institute for Economic Research (PIER) Working Paper, Number 12-010, March 2012. 32. “Failing Institutions Are at the Core of the U.S. Financial Crisis,” Penn Institute for Economic Research (PIER) Working Paper, Number 12-040. 33. “Failing Institutions Are at the Core of the Euro Crisis,” (with Alojzy Z. Nowak), Penn Institute for Economic Research (PIER) Working Paper, Number 12-041. 34. “On Mergers, Acquisitions and Liquidation Using Specified Purpose Acquisition Companies (SPACs),” (with Milan Lakicevic and Milos Vulanovic), Penn Institute for Economic Research (PIER) Working Paper, Number 13-013. 35. "Are All Technological Improvements Beneficial? Absolutely Not," (with Uriel Spiegel), 2013, Penn Institute for Economic Research (PIER) Working Paper No. 13-027. 36. “Montenegrin Trade Specialization Index,” (with Mitchell Kellman), Penn Institute for Economic Research (PIER), Working Paper Number 13-045.

Endorsement of Research Books (recent list)

Capital Structure Decisions under Multiple Objectives: A Study of Indian Corporations, by Dr. Yamini Agarwal, 2013.

Knowledge – Keystone of the Modern Economy, by Veselin Draskovic, Radislav Jovovic, Mimo Draskovic and Borut Jereb, Scientific Publishing Hub, 2013.

University of Hawaii Department of Economics Working Paper:

F. Gerard Adams, Byron Gangnes, Yochanan Shachmurove, “Why Is China So Competitive? Measuring and Explaining China's Competitiveness,” University of Hawaii Department of Economics Working Paper Number 04-6, October 2004.

Singapore Management University, School of Economics Working Papers

F. Gerard Adams, Byron Gangnes and Yochanan Shachmurove “Why Is China So Competitive? Measuring and Explaining China’s 36

Competitiveness,” Singapore Management University, School of Economics Working Paper # 07-2004

Working Paper, The Department of Energy, Environmental, and Mineral Economics, The Pennsylvania State University, University Park, PA

1. Kocagil, Ahmet E., Uri Ben-Zion, and Yochanan Shachmurove, “Macroeconomic Determinants of Futures Basis and Open Interest: The Case of Metals and Energy Contracts” [5/96].

Discussion paper Series Forschungsinstitut zur Zukunft der Arbeit Institute for the Study of Labor (IZA) in Bonn, Germany

“What Makes an Entrepreneur and Does It Pay? Native Men, Turks, and Other Migrants in Germany,” (with Amelie Constant and Klaus F. Zimmermann), IZA DP Number 940, November 2003.

“Entrepreneurial Ventures and Wage Differentials between Germans and Immigrants,” (with Amelie Constant), IZA DP Number 879, September 2003.

Warsaw School of Economics, Department of Applied Econometrics Working Papers

1. Mitchell H. Kellman, Yochanan Shachmurove, “Herfindahl- Hirschman Meets International Trade and Development Theories,” Working Paper Number 1-11, 2011.

2. Yochanan Shachmurove, “Booms and Busts in United States Financial Markets,” Working Paper Number 3-11, 2011.

3. Tadeusz Kowalski, Yochanan Shachmurove, “John Maynard Keynes: Is that you Knocking on the Door?” Working Paper Number 7-11, 2011.

4. Mitchell H. Kellman and Yochanan Shachmurove, “Trade sophistication in a transition economy: Poland 1980-2009,” Working Paper Number 5-12, 2012.

Institut de Recherche en Gestion and Economie (IREGE), Universite Savoie Mont Blanc

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“The Geographical Dynamics of Institutional Venture Capital Investments From 1970 Until 2013 in the OECD and the BRICS Countries,” (With E. Duchatel and J. Gajewski), Noe de Recherche, Number 15-07, June, 2015.

Under Last Revisions

1. “A Monopoly Reason Why Autarky Might be Best for a Large Country” (with U. Spiegel), Open Economies Review, Klower Academic Publishers, North Holland.

2. “A Contemporary Dilemma in Local Government” (with S. Hakim), Evaluation and Program Planning - An International Journal.

Requested Revision

1. “The Relevance of Israel's Statement on Auditing Standards (SFAS) Number 36 - Inflation Accounting Disclosures - on the Adjustment of Stock Prices to Inflation” Oxford Economic Papers.

2. “Income Inequality and Economic Growth”, Economic Development and Cultural Change.

Other Submissions 1. “International Integration, National Size and Cooperative and Non-Cooperative Equilibrium: On the Economics of Peace and National Size,” (with U. Spiegel) to European Economic Review.

2. “Effects of Coordination and Transition Costs on the Size of the Labor Managed Firm,” (with U. Spiegel) to Journal of Development Economics.

3. “Non-Cooperative Equilibrium and National Size: An Essay on the Size of Nations,” (with U. Spiegel) to Public Finance.

4. “A New Test of the Linder Hypothesis - Relative Trade Complementarity in Pacific Newly Industrialized Countries Trade 1965-1990,” (with M. Kellman) to Journal of Development Economics.

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5. “On the Employment and Wages of Jewish and Arab Workers in Israel: Some Causality Tests” to Research on Income and Inequality.

6. “The Quality of Experts Versus Auto-regressive Forecasts Of Nominal and Real Macroeconomic Data: Comparisons for the USA and the UK,” to Journal of Business and Economics Statistics.

7. “A New Attempt to Predict Bankruptcy: Theory and Practice,” to Journal of Economics and Business.

8. “The Import Dependency of the US: An Empirical Study,” (with M. Kellman) to Journal of Operations Research.

9. “The Effects of Israel's Inflation Accounting Disclosures on the Adjustment of Stock Prices,” to Journal of Finance.

10. “The Black Dollar: Further Evidence,” to Applied Economics.

11. “Dynamic Co-Movements Among Latin American and Other Major World Exchange Rates,” to Econometrica.

12. “Rethinking the Monopsony: Examining Traditional Teaching in Light of Different Examples,” to Kyklos.

13. “Benefits of Global Diversification: A Spectral Analysis Study of The Latin America Markets,” to Journal of Empirical Finance.

14. “Portfolio Analysis of Major Eastern European Stock Markets,” to Journal of Comparative Economics.

15. “The Determinants of Commercial Burglary,” to American Journal of Economics and Sociology.

16. “Portfolio Analysis of Banks Traded on the London Stock Exchange,” to Journal of Economics and Business.

17. “Econometric Model for Estimating Oil Prices,” to Journal of Applied Econometrics.

18. “Bank Profitability and Bankruptcy,” (with U. Spiegel) to International Review of Economics and Finance.

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19. “Increasing Unemployment as a Means to Increase Welfare,” (with G. Epstein) to The Quarterly Journal of Economics.

Works in Progress - Books

1. Computer Aided Economic and Finance Analysis (with Professor M. Kellman). 2. Business and Economic Calculus.

Works in Progress - Papers

1. “National Size and Non-Cooperative Nash Equilibrium: The One Central Business District Case,” (with U. Spiegel). 2. “Financial Accounting Disclosures and Stock Markets Indices - An International Comparison.” 3. “A Rational Expectations Equilibrium Model of Capital Accumulation Under Uncertainty.” 4. “Money, Income and Prices in Less Developed Countries,” (with M. Kellman). 5. “Vector Auto Regressive Models of Health Costs Indices.” 6. “The Lucas Critique and the Effects of the Shift from Fixed to Flexible Exchange Rate Regimes: Some Evidence.” 7. “Short and Long Rates of Interest - An International Comparison,” (with A. Birati). 8. “Micro-Economic Foundations to Macro-Economic Aggregates: An Experimental Approach”. 9. “Inequality, Wage-Dispersion and Banks’ Profitability” (with U. Spiegel). 10. “Micro-Economic Foundations of Mortality - Evidence From the NLS Data”. 11. “Pattern of Trade: An Empirical Investigation” (with M. Kellman). 12. “Costs and Benefits of Crime Prevention” (with S. Hakim). 13. “An International Trade Examination of the McDougal's ‘Remarkably Successful’ Paradox” (with M. Kellman) 14. “Trade patterns of South East Asia Countries: A Time Series Approach” (with G. Adams). 15. “On Market Efficiency, Overreaction and Uncertain Information Hypotheses: Evidence from Small European Countries”. 16. “Commodities Spot and Future Prices”.

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Guest Lectures

“Essays in Behavioral Economics and Finance: Ukraine, Lithuania, Poland,” Economics Engineering Department, Faculty of Business Management, Vilnius Gediminas Technical University, (Vilniaus Gedimino technikos universitetas), May 30, 2019.

“Financial Crises – Past and Present, Ukraine and Poland,” Faculty of Economic Science and Management, The Department of Econometrics and Statistics, Nicolas Copernicus University, Torun, Poland, May 23, 2019.

“Advances in Strategic Behavior and Game Theory,” Institute of Finance and the Department of Insurance and Capital Markets at the Faculty of Management, The University of Szczein, Szczein, Poland, May 13, 2019.

“Emotions in Financial and Economic Decision Making,” Institute of Finance and the Department of Insurance and Capital Markets at the Faculty of Management, The University of Szczein, Szczein, Poland, May 14, 2019.

The Warsaw School of Economics Conference, May 9 -10, 2019.

“Frontier in International Economics – Part II,” Lomonosov Moscow State University, Moscow School of Economics, Moscow, Russia, April 30, 2019.

“Frontier in International Economics – Part I,” Lomonosov Moscow State University, Moscow School of Economics, Moscow, Russia, April 24, 2019.

“Recent 2018 Nobel Laureates in Economics,” MBA Program in Data Analysis and Innovation, Institute of Computer Science, Polish Academy of Sciences with cooperation with Woodbury School of Business at Utah Valley University (UA), Warsaw, Poland, January 24 – 26, 2019.

“The Future is Coming - Strategic Behavior in Economics, Finance and Management: Let's Play Game Theory,” PageOne, The biggest bookstore in China, Beijing, China, August 4, 2018.

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“Portfolio Diversification and Venture Capital,” Lomonosov Moscow State University, Moscow School of Economics, Moscow, Russia, April 2, 2018.

“Frontier in International Economics,” MBA Program in Data Analysis and Innovation, Institute of Computer Science, Polish Academy of Sciences with cooperation with Woodbury School of Business at Utah Valley University (UA), Warsaw, Poland, January 24 – 26, 2018.

“Recent Research in International Trade: Theory and Policy,” Lomonosov Moscow State University, Moscow School of Economics, Moscow, Russia, April 9, 2018.

“Strategies to Secure International Journal Publications and Grants,” President University, Indonesia, August 4-24, 2017.

“An Economist View: Creating an Inclusion Society: What can we learn from Jewish Halacha? Central Issues of Humanity, Jewish Attitude toward the Disabled,” Tikun Leil Shavott Lodz, The First International Conference on Identity, Faith and Practice, the Jewish Community of Lodz, May 29-30, 2017.

“Emerging Trends in Global International Banking,” Faculty of Economic Science and Management, The Department of Econometrics and Statistics, Nicolas Copernicus University, Torun, Poland, January 28, 2016.

“Game Theory and Organizational Behavior,” Faculty of Economic Science and Management, The Department of Econometrics and Statistics, Nicolas Copernicus University, Torun, Poland, January 28, 2016.

“Law and Economics: Jewish Business Ethics,” Tikkun Leil Shavuot, Beit Warszawa, Warsaw, Poland, June 3, 2014. February 5, 2007, “New Directions in Externalities, Environmental Policy, and Public Goods: Theory and Evidence,” Department of Economics, the University of Pennsylvania.

March 26, 2007, “Monopolistic Competition: New Directions,” Department of Economics, the University of Pennsylvania.

December 4, 2007, “Foundations of Mechanism Design Theory,” as a part of “Who got the Nobel Prize this year and why?” The City 42

College of The City University of New York, a presenter for the prize in economics.

The City College of The City University of New York: Departmental Seminar (Partial List)

“Free Trade Zones Reconsidered” May 7, 2009.

“On the Measurement of Product Specialization in Trade,” December 9, 2010, Mitchell Kellman and Yochanan Shachmurove.

“S&P 500 Index Options Trading, the Chicago Board Options Exchange Volatility Index VIX, and Collateral,” February 10, 2011, Efraim Berkowich and Yochanan Shachmurove.

“Foreign Direct Investment among Latin American Custom Union Economies: An Economic Integration Analysis,” October 6, 2011, Marta Bengoa, Sanchez-Robles and Yochanan Shachmurove.

“Institutional Yield Game Using SPACs,” November 29, 2012, with Milos Vulanovic and Milan Lakecevic.

The Graduate Center of The City University Of New York

“Special Purpose Acquisition Companies (SPACs)”, November 27, 2012 with Milos Vulanovic.

Polish Academy of Sciences, Institute of Economics

Polish Academy of Sciences, Institute of Economics, Executive Doctor of Business Administration Program, “New Frontiers in Financial Markets and Institutions, Central Banks and the Conduct of Monetary Policies,” June 5, June 9, 2013, Warsaw, Poland.

Polish Academy of Sciences, Institute of Computer Science

“New Frontiers in Venture Capital Research, Global Business and Financial Institutions,” Postgraduate MBA Program – Innovation and Data Analysis in partnership with Woodbury School of Business at Utah Valley University, USA, January 21 - 22, 2015, Warsaw, Poland.

“Global Business and Financial Institutions, New Frontiers, June 8, 2017. 43

Papers Accepted for Presentation at Professional Meetings (Partial List)

“Trump’s Economics: The Effects of Tariffs on Chinese Steel Spot and Futures Markets,” The 26th Global Finance Conference, Zagreb, Croatia, June 5-7, 2019.

“Persistence and Dispersions in U.S. States Unemployment Dynamics,” The 26th Global Finance Conference, Zagreb, Croatia, June 5-7, 2019.

“International Financial Markets and Corporate Finance: New Opportunities and Threats in International Financial Markets and Corporate Finance,” Conference World Economy 2019: Learning from the Past and Designing the Future, Collegium of World Economy, SGE Warsaw School of Economics, May 9-10, 2019

“Back to BITs and Bites: Do Trade and Investment Agreements promote Foreign Direct Investment within Latin America?” (with Bengoa et al.), Global Research on Emerging Economies Conference in November 2018.

"Protectionist Threats and Chinese Steel Equity Response," Association for University Business and Economic Research (AUBER), Mountains of Data: Exploring the Next Generation of Regional Research, Sat Lake City, Utah, October 13–16, 2018.

“The impact of protection on Chinese steel spot and futures prices,” a conference in Utah, October 16, 2018.

“Emotions in Financial Decision Making – Further Results,” Faculty of Economics, University of Podgorica and the Central Bank of Montenegro, Podgorica, Montenegro, September 25, 2018.

“The Role of Emotions in Decision Making,” Faculty for Business and Tourism, Budva, Montenegro, September 27, 2018.

“A Comparison between the Brazilian and Polish Economies,” The 25th Annual Global Finance International Conference, ESSCA School of Management, Paris, France, July 2-7, 2018.

“International Trade Between Brazil and Poland,” (with M. H. Kellman), XIX International Scientific Conference, Quantitative 44

Methods in Economics, 2018, Warsaw University of Life Sciences - SGGW, Warsaw, Poland, June 18-19, 2018.

“Back to BITs and Bites: Do Trade and Investment Agreements promote Foreign Direct Investment within Latin America?” (with Bengoa et al.), The Warsaw Conference on Global Economy and Governance, June 2018

"Emotions in Decision-Making," The Spring International Colloquium on Current Economic and Social Topics, CEST’2018(SIC), Hotel Cumberland, London, United Kingdom, March 11-12, 2018.

“Strategies How to Secure International Publications, Workshop 1,” School of Business and Computing, President University, Indonesia, August 7, 2017.

“Strategies How to Secure International Publications, Workshop 2,” School of Humanities and Engineering, President University, Indonesia, August 9, 2017.

“Securing Grants,” Tanjung Lesung, President University, Indonesia at Tanjung Lesung, Indonesia, August 11, 2017.

“Presentations of Draft Papers for Publication, Post-Workshop 1,” School of Business and Computing, President University, Indonesia, August 14, 2017.

“Presentations of Draft Papers for Publication, Post-Workshop 2,” School of Humanities and Engineering, President University, Indonesia, August 15, 2017.

“Sharing Insights on Thesis Writing to 4th Year Business Students and Faculty of the School of Business, President University, Indonesia, August 21, 2017.

“Evaluating A Journal Article, - Seminar / Industry Insights Panel, Free - Wheeling Discussions,” Business School, President University, Jakarta, Indonesia, August 24, 2017.

“An Economist View: Creating an Inclusion Society: What can we learn from Jewish Halacha? Central Issues of Humanity, Jewish Attitude toward the Disabled,” Tikun Leil Shavott Lodz, The 45

First International Conference on Identity, Faith and Practice, the Jewish Community of Lodz, May 29-30, 2017.

“Polish – Brazilian Economic Cooperation and International Trade – 1995-2016,” International Conference Polish – Brazilian Experiences in Economy and Management: Recent Trends, Faculty of Management, University of Warsaw, May 23, 2017.

“The Business of Business is Business: Sustainability- Environment and Corporate Social Responsibility, GFC 2017 – PANEL ON GLOBAL INEQUALITY, SUSTAINBILITY, AND SOCIAL RESPONSIBILITY,” Global Finance Conference, May 4-5, 2017 “The Economic Costs of Creating an Inclusion Society: What can we learn from Jewish Halacha? Central Issues of Humanity, Jewish Attitude toward the Disabled,” Limud, Moscow, April 20-23, 2017

“Foreign Direct Investment and Regional Integration Agreements in Latin American: A Gravity Model Approach” Bengoa M., Sanchez- Robles and Shachmurove, Y. Eastern Economic Association International Conference in Washington DC (invited talk) in 2016

“Economic Transformation in Poland and Ukraine: The Case of Foreign Trade,” The Future of Europe – Central and Eastern Europe in a Comparative Perspective, CASE - Center for Social and Economic Research 25th Anniversary Conference, November 17-18, 2016.

Moderator of the International Trade Session, The Future of Europe – Central and Eastern Europe in a Comparative Perspective, CASE - Center for Social and Economic Research 25th Anniversary Conference, November 17-18, 2016.

“Intertemporal Choice: Risk Aversion and Portfolio Diversification,” Plenary Session, Toward Entrepreneurial Skillships Conference, Lodz University of Technology, Lodz, Poland, November 16-17, 2016.

“Foreign Direct Investment and Regional Integration Agreements in Latin American: A Gravity Model Approach” Bengoa M., Sanchez- Robles and Shachmurove, Y. European Trade Study group 18th conference in Helsinki September 8-10, 2016. 46

“Foreign Direct Investment and Regional Integration Agreements in Latin American: A Gravity Model Approach” Bengoa M., Sanchez- Robles and Shachmurove, Y. Lipsey Panel (invited talk), Western Economic Association International, Portland June 29-July 3, 2016.

“Foreign Direct Investment and Regional Integration Agreements in Latin American: A Gravity Model Approach” Bengoa M., Sanchez- Robles and Shachmurove, Y. International Trade and Finance Association, Los Angeles, May 20-24, 2016.

Introduction of Keynote Speaker: Finn E. Kydland; 2004 Nobel Prize in Economics; The Jeff Henley Professor of Economics; University of California, Santa Barbara, The 23rd Annual Global Finance Conference - Fresno, CA, USA, April 21-23, 2016.

"Plenary Panel: The Future of Brazil, Russia, India, China and South Africa (the BRICS) and the Global Economy," The 23-rd Annual Global Finance Conference - Fresno, CA, USA, April 21-23, 2016.

"Monetary Transmission: Federal Funds Rate and London Interbank Offered Rate (LIBOR)," The 23-rd Annual Global Finance Conference - Fresno, CA, USA, April 21-23, 2016.

"The Effects of Investors Geography on the Performances of Funded Firms Backed by Venture Capital," The 23rd Annual Global Finance Conference - Fresno, CA, USA, April 21-23, 2016.

“The European Union and the United States in the Global Economy,” University of North Florida International Business Conference On Teaching, Research, And Practice – 2016, Jacksonville, Florida, February 19 - 20, 2016.

“Foreign Direct Investment Patterns and Regional Integration Agreements in Latin America: A Gravity Model Analysis,” with Marta Bengoa and Blanca Sanchez-Robles, the 26th International Conference, International Trade and Finance Association, Occidental College, Los Angeles, California, May 22 - 25, 2016.

“Introducing Nobel Laureate Edward C. Prescott’s Lecture on: Why are Northern America and Western Europe Depressed and Poland is Not?”, Current Economic and Social Topics International Colloquium, CEST’2015, Faculty of Management, the University of 47

Lodz and the Warsaw Stock Exchange, Lodz and Warsaw, Poland, 16- 18 December, 2015.

“Emotions Meet Financial Decision Making,” Current Economic and Social Topics International Colloquium, CEST’2015, Faculty of Management, the University of Lodz and the Warsaw Stock Exchange, Lodz and Warsaw, Poland, 16-18 December, 2015.

“Venture Capital Investment Meets Geography,” (With Marta Bengoa and Blanca Sanchez-Robles), Current Economic and Social Topics International Colloquium, CEST’2015, Faculty of Management, the University of Lodz and the Warsaw Stock Exchange, Lodz and Warsaw, Poland, 16-18 December, 2015.

“Foreign Direct Investment Meets Gravity,” Current Economic and Social Topics International Colloquium, CEST’2015, Faculty of Management, the University of Lodz and the Warsaw Stock Exchange, Lodz and Warsaw, Poland, 16-18 December, 2015.

“Venture Capital Investment Meets Geography,” Current Economic and Social Topics International Colloquium, CEST’2015, Faculty of Management, the University of Lodz and the Warsaw Stock Exchange, Lodz and Warsaw, Poland, 16-18 December, 2015.

“Foreign Direct Investment Patterns and Regional Integration Agreements in Latin America: A Gravity Model Analysis, XII Workshop on Economic Integration, November 26-27, 2015, with B. Sanches-Robles and M. Bengoa), Vniversitat De Valencia, Faculty of Economics, Spain.

“Emotions in Decision-Making,” Seminar at Institut de Recherche en Gestion et en Economie = Institute of Research in Management and in Economics (IREGE), on Emotions in Economics and Finance, Université Savoie Mont-Blanc – IREGE, Annecy, France, June 25, 2015.

“The Chinese and American Economies - A Comparative Study,” Faculty of Business and Law, Leeds Business School, Leeds Beckett University, 11 – 12 June, 2015.

“Changes and Developments in Macroeconomic Theory and Policy as a Result of the Economic Crisis,” The Macedonian Academy of Science and Arts, Skopje, Macedonia, May 26, 2015.

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“Economic Policies and Post-Global Crisis Recovery in Developing Europe, American Chamber of Macedonia (AmCham Macedonia), Audience: AmCham Macedonia Board and Patron members, Skopje, Macedonia, May 26, 2015.

“Recent Trends in the Global Economy and Financial Markets in the Context of Unconventional Monetary Policy Measures of the USA Federal Reserve Bank (FED) and the European Central Bank (ECB),” Presentation at National Bank of the Republic of Macedonia, Audience: Governor of the National Bank of the Republic of Macedonia, Mr. Dimitar Bogov, employees in the Central Bank with various level of experience both senior and junior analysts, Ministry of Finance representatives, Skopje, Macedonia, May 27, 2015. “Financial Tools for Small and Medium Enterprises, Global Trends,” Meeting/luncheon with Jovan Madjovski, Director of CEED, and discussion with start-up businesses and Small, Medium Enterprises (SMEs) at the Center for Entrepreneurship and Executive Development (CEED), Audience: Young Macedonian entrepreneurs, Skopje, Macedonia, May 27, 2015. “Financial Tools for Small and Medium Enterprises,” the University American College Skopje, Audience: Postgraduate students, Skopje, Macedonia, May 27, 2015. “What Makes an Entrepreneur and Does It Pay?, American Corner Skopje, Skopje, Macedonia, May 27, 2015.

“Financial Tools for Small and Medium Enterprises, Venture Capital,” the Macedonian Chamber of Economy, presentation and discussion with businesses, Audience: Representatives of the business sector, companies’ members of the Macedonian Chamber of Economy, Skopje, Macedonia, May 28, 2015.

“Financial Tools for Small and Medium Enterprises, Venture Capital,” Presentation for the member companies of the North- West Chamber of Commerce, Skopje, Macedonia, May 28, 2015.

“Global Venture Capital,” Macedonia, 2025 (Mk2025), Mk2025 Board members, and Macedonian businesspeople, Skopje, Macedonia, May 28, 2015.

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“Economic Policies and the Post-Crisis Recovery with Emphasis on European Transition Economies,” Keynote Speaker, International Conference: Economic Recovery in the Post-Crisis Period, Enterprise Restructuring in the Post-Crisis Environment, Entrepreneurship and Innovations, Skopje, Macedonia, May 29 – 30, 2015.

“The Geographical Dynamics of Venture Capital Investments from 1970 until 2013 in the OECD and the BRICS Countries,” Session theme: Regional Finances, Investments and Capital Markets, European Regional Science Association, World Renaissance: Changing Roles for People and Places, 55-th Congress, Lisbon, Portugal, 25- 29 August, 2015.

“The Geographical Dynamics of Venture Capital Investments from 1970 until 2013 in the OECD and the BRICS Countries,” the 22-nd Annual Conference of the Multinational Finance Society Porto Carras Grand Resort Hotel, Halkidiki, Greece, http://www.mfsociety.org/page.php?pageID=34&action=login&callerPag eID=100, June 28 - July 1, 2015.

“The Geographical Dynamics of Venture Capital Investments from 1970 until 2013 in the OECD and the BRICS Countries,” the 32-nd International Conference of the French Finance Association, Cergy, France, http://affi-2015.essec.edu/call-for-papers, June 1 - 3 2015.

“Venture Capital Investment A Global View,” Global Finance Conference, Hangzhou, China April 24-26, 2015.

“New Frontiers in Venture Capital Research, Global Business and Financial Institutions,” Polish Academy of Sciences, Institute of Computer Science, Warsaw, Poland, January 21 - 22, 2015.

“New Directions in Venture Capital Research,” Uniglobel College, Pokhara University, Nepal, January 2, 2015.

“New Directions in Venture Capital Research,” Boston International College, Pokhara University, Chitwan, Nepal, January 3 -6, 2015.

“The Financial Crisis, Central Banking and Monetary Policy,” Uniglobel College, Pokhara University, Nepal, December 18, 2014.

“The Financial Crisis and International Financial Management,” Uniglobe College, Pokhara University, Nepal, December 18, 2014. 50

“Innovations and Inventions: The role of Venture Capital Research,” Pokhara University, Pokhara, Nepal, December 26, - December 28, 2014.

“Alternative Methods of Measuring Concentration,” the 12-th International Conference of Numerical Analysis and Applied Mathematics (ICNAAM), Workshop on Numerical and Symbolic Computation in Surface and Curve Modelling, Rhodes, Greece, 22- 28 September, 2014.

“The EURO, Past, Present and Prospects,” Keynote Speech immediately after the presentation of Nobel Laureate Oliver Williamson and with Mr. Milo Djukanovic, the Prime Minister of the Government of Montenegro presents, Conference Opening, The IV International Conference “Entrepreneurship and innovations as Precondition for economic development, Podgorica, Montenegro, June 17, 2014.

“Recent Research on Game Theory and Strategic Management,” Ivan Franko National University of Lviv, Department of the Economy of Ukraine, Lviv, (Leviv) Ukraine, May 13, 2014.

“Recent Research on Game Theory and Strategic Management,” National Forestry University of Ukraine, Lviv, Ukraine, May 13, 2014.

“Game Theory and Strategic Management,” Lviv National Polytechnic University, Department of Management and International Enterprising, Lviv, Ukraine, May 14, 2014.

“Recent Research on Game Theory and Strategic Management,” National Forestry University of Ukraine, Lviv, Ukraine, May 13, 2014.

“International Finance and Strategic Management,” Odessa National Mechnikov University, Department of World Economy and Department of Economic Theory, Odessa, Ukraine, April 29, 2014.

“Economic Policy after the Crisis," The 77-th International Atlantic Economic Conference, Madrid, 2-5 April 2014.

“Small and Large Countries Meet Free Trade Zone,” Federal Reserve Bank of San Francisco, March 17, 2014. 51

“The Macroeconomic Ramifications of A Comprehensive Immigration Reform,” Government and Law Society, Immigration Reform: Has The Time Come? Immigration Panel, November 20, 2013, The City College of the City University of New York.

“Fiscal Mismanagement Meets the Euro,” The Seventy-Sixth International Economic Conference, Philadelphia, Pennsylvania, October 10-13, 2013.

“Who Benefits from Opening of a Free Trade Zone?” 2013 Sino – U.S. Economics and Culture Scholarly Forum, School of Computer and Information Technology and the School of Economics and Management, Beijing Jiaotong University, Beijing, The People’s Republic of China, July 19, 2013.

“If I Knew How to Forecast Volatility, I Would be a Rich Man,” The International Colloquium on Current Economic and Social Topics CEST’2013, Polish National Science Centre, Warsaw Stock Exchange, May 23-24, 2013.

“Euro? Euro!” The International Colloquium on Current Economic and Social Topics CEST’2013, Polish National Science Centre, Warsaw Stock Exchange, May 23-24, 2013.

“What Do We Know and What We Do Not Know About Specified Purpose Acquisition Companies (SPACs)?” The International Colloquium on Current Economic and Social Topics CEST’2013, Polish National Science Centre, Warsaw Stock Exchange, May 23-24, 2013. “Special-Purpose Acquisition Companies with China Focus are not Different,” The 39th Eastern Economic Association Annual Meetings in New York, N.Y., May 8-11, 2013.

“Foreign Direct Investment and Regional Integration Agreements in Latin America: A Gravity Model Approach,” The 39th Eastern Economic Association Annual Meetings in New York, N.Y., May 8- 11, 2013. 52

Invited Lecture: “Size Does Matter! Who Benefits From the Opening of a Free Trade Zone?” Moscow School of Economics – M.V. Lomonosov Moscow State University, Moscow, The Russian Federation, December 13, 2012.

“Financing Innovations by Venture Capital: Further Results,” The NES 20th Anniversary Celebration Program, international Conference, December 13-16, 2012, Moscow, The Russian Federation.

“Special-Purpose Acquisition Companies (SPACs) with focus on China,” Credit Markets and Commercial Banking Session, The 65th Annual Meeting (2012) of the New York State Economics Association, State University of New York at Farmingdale, New York, October 5-6, 2012.

“From Inventions to Innovations Using Venture Capital,” Faculty of Business Administration, The University of Macau, 23-25 of July 2012, Macau, Special Administrative Region (SAR) of the People's Republic of China.

“Financing Innovation: First Round Of Financing by Venture Capital,” June 6, 2012, The University of Kotor, Kotor, Montenegro.

“The Future of the Euro Reconsidered,” Conference Honoring Prof. Dra. Hab. Karola Kukuly, presentation in the Opening Session, May 28-30, 2012, Kravov – Szczawnica, Poland.

“Venture Capital meets Clean-tech Industry,” presentation in the opening Session, Third Scientific Conference, Computing in Science and Technology, May 25 – 27, 2012, Cisna, Poland. “Financing Innovation by Venture Capital,” The 19th Annual Global Finance Conference, Chicago, IL, USA - May 23-25, 2012. 53

“Clean-tech Venture Capital Investment in the United States,” ISM University of Management and Economics, Vilnius, Lithuania, November 24-26, 2011.

“Foreign Direct Investment among Latin American Custom Union Economies: An Economic Integration Analysis,” X International Conference about Economic Policy. University of Malaga (Spain). 20th-21st of October 2011.

“First Round of Financing by Venture Capital,” The Seventy-Second International Atlantic Economic Conference, Washington, D.C., 20- 23 October 2011.

Chairing a session and discussing a paper on Financial Economics, The New York State Economics Association, 64th Annual Conference, Rochester Institute of Technology, September 23 - 24, 2011.

“Financing Innovations,” The New York State Economics Association, 64th Annual Conference, Rochester Institute of Technology, September 23 - 24, 2011.

“Foreign Direct Investment among MERCOSUR (Southern Market among Argentina, Brazil, Paraguay and Uruguay) Custom Union Economies: An Economic Integration Analysis,” The New York State Economics Association, Sixty-Fourth Annual Conference, Rochester Institute of Technology, September 23 - 24, 2011.

“String of Defaults: Spanish Financial Crises through the Years,” The Eighteenth Annual Global Finance Conference, Bangkok, Thailand, April 3 – 5, 2011.

“Adam Smith Meets an Index of Specialization in International Trade,” The Eighteenth Annual Global Finance Conference, Bangkok, Thailand, April 3 – 5, 2011.

“Financing Innovation: First Round of Financing by Venture Capital,” Financing Innovation: Our Economic Future Conference, George Washington University Law School: Center for Law, Economics and Finance, March 25-26, 2011.

“Options Trading Strategies and the VIX,” 37-th Eastern Economic Association Annual Meetings, New York City, February 24 - 27, 2011.

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“Diversification and Specialization Paradox in Developing Country Trade,” Institute of Econometrics, Warsaw School of Economics, Warsaw, Poland, January 4, 2011.

“Health Care and Children,” The Faculty of Applied Informatics and Mathematics, Warsaw University of Life Sciences, Department of Econometrics and Statistics, Warsaw, Poland, January 3, 2011.

“Gender Discrimination,” The Faculty of Applied Informatics and Mathematics, Warsaw University of Life Sciences, Department of Econometrics and Statistics, Warsaw, Poland, January 3, 2011.

“An Index of Product Specialization in Trade,” The Faculty of Applied Informatics and Mathematics, Warsaw University of Life Sciences, Department of Econometrics and Statistics, Warsaw, Poland, December 13, 2010.

“Global Finance Crises (GFC) in Historical Context,” Plenary Opening Session, the 17th Annual Global Finance Conference, Poznan, Poland, June 27 – 30, 2010.

“Venture-Backed Capital Investment in the Clean-Technology Industry in the United States,” the 17th Annual Global Finance Conference, Poznan, Poland, June 27 – 30, 2010.

“The Gender Gap Reconsidered: International Evidence,” the 17th Annual Global Finance Conference, Poznan, Poland, June 27 – 30, 2010.

“Economic Crises: Past, Present and … Future,” Plenary Opening Session, Quantitative Methods in Economics International Conference 2010, Warsaw, Poland, June 24 – 26, 2010.

“Clean Technology Backed by Venture Capital,” , Quantitative Methods in Economics International Conference 2010, Warsaw, Poland, June 24 – 26, 2010.

“Is the Gender Gap a Myth?” Conference Closing Session, Quantitative Methods in Economics International Conference 2010, Warsaw, Poland, June 24 – 26, 2010.

“Global Financial Crisis and the Way Forward,” Eminent Lecture Series, Indian Institute of Finance, Delhi, India, January 8, 2010.

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“Size Does Matter! Who Benefits from the Opening of a Free Trade Zone?” Eminent Lecture Series, Indian Institute of Finance, Delhi, India, January 8, 2010.

“Business Strategy Using recent Development in Game Theory,” Eminent Lecture Series, Indian Institute of Finance, Delhi, India, December 14-15, 2009.

“Free Trade Zones Reconsider,” Eminent Lecture Series, Indian Institute of Finance, Delhi, India, December 18, 2009.

“The Financial Crisis and a Forecast of the U.S. Economy,” Plenary Session and Panel Discussion Economic Crisis: Present Situation and “A Day After,” First International Conference: Quantitative Methods in Economics, QME 2009, June 18-20, 2009, Lodz, Poland.

“Who Benefits From the Opening of a Free Trade Zone? Plenary Session, First International Conference: Quantitative Methods in Economics, QME 2009, June 18-20, 2009, Lodz, Poland.

“The Effects of Industry Sector and Location on Venture-Backed American Companies, 1995-2008,” Poster Session, First International Conference: Quantitative Methods in Economics, QME 2009, June 18-20, 2009, Lodz, Poland.

“The U.S. Sub-prime Crisis and its Domestic and International Effects on the Economy and Financial Markets,” Theme (Keynote) Commencement Address, The Development and Risk Management of Global Capital Markets, May 18-20, 2008, Hangzhou, People’s Republic of China, sharing the podium with Former Premier Minister of New Zealand and Director General of the World Trade Organization.

“The Venture Capital Industry in the United States,” Fourth International Finance Conference, 14-17 March 2007, Yasmine- Hammamet, Diar el Medina, Tunisia.

“The Venture Capital Industry in the United States,” The 4-th China (Hangzhou) International Conference on WTO& Financial Engineering and Venture Capital, Hangzhou, China, October 14-16, 2006.

“An Excursion into the Venture Capital Industry Stratified by Locations,” Entrepreneurial Finance Seventeen Annual Conference, April 19 – 21, 2006, Pasadena, California. 56

“A Tale of Three Indices: International Trade and Specialization – Mexico’s machinery Exports 1962 – 2004,” The Graduate Center of The City University of New York, New York, May 9, 2006.

“Opening Session, The BRICs (Brazil, Russia, India, China: present and Future, The Economy of the Russian Federation: Past, Present and Some Forecasts,” Global Finance Conference, April 26- 28, 2006, Rio de Janeiro, Brazil.

“Introducing the Keynote Speaker, Nobel Laureate, Professor Finn Kydland, “The Relevance of Time Consistency of Monetary Policy and Business Cycles to the Brazilian Economy,” ,” Global Finance Conference, April 26-28, 2006, Rio de Janeiro, Brazil.

“Dynamic Linkages Among the Stock Exchanges of the Emerging Tigers of the Twenty-First Century,” Global Finance Conference, April 26- 28, 2006, Rio de Janeiro, Brazil.

“An Excursion into the Venture Capital Industry Stratified by Locations,” Academy of Entrepreneurial Finance and Business Ventures, Seventeen Annual Conference, April 19 – 21, 2006, Pasadena, California.

“International Trade and Specialization – A Testable Hypothesis?” Texas A&M International University, College of Business Administration, The Center for the Study of Western Hemispheric Trade, and Monterrey Institute of Technology (ITESM), The Graduate School of Business Administration and Leadership (EGADE), Mexico, The Eleventh Annual Conference “Global Trade And Investment Challenges for Western Hemispheric Development” April 4-8, 2006, Laredo, Texas, USA.

“Co-Movements Among European Stock Markets Before and After the Introduction of the Euro,” Financial Institutions and Corporate Finance Session, THE 60-th INTERNATIONAL ATLANTIC ECONOMIC CONFERENCE, New York, New York, 6-9 October 2005.

“Entrepreneurial Finance: A Thirty-Year Excursion into the Venture Capital Industry”, August 19, 2005, The Department of Finance, Faculty of Economics and Commerce, The University of Melbourne, Victoria, Australia.

“Entrepreneurial Finance: A Thirty-Year Excursion into the Venture Capital Industry”, August 11, 2005, School of Economics 57

and Information Systems, University of Wollongong, Wollongong, New South Wales, Australia.

“What do we Know About Venture Capital in the United States?” the 12th Annual Global Finance Conference, June 27-29, 2005, Trinity College Dublin, Dublin, Ireland.

“A Thirty-Year Excursion Into the Venture Capital Industry Stratified by Decades and Sectors,” Sixteenth International Conference on Entrepreneurial Finance and Business Ventures at Texas A&M International University, College of Business Administration, and Texas A&M International University’s 10th Annual Conference “Western Hemispheric Development Challenges in the Global Context,” April 20-23, 2005, Laredo, Texas, USA and Monterrey, Nuevo León, Mexico.

“North-Africa the New “Newly Industrialized Countries - Miracle” Locomotive for Africa’s Renaissance?” The Graduate Center of the City University of New York, December 7, 2004.

“Entrepreneurial Finance and Business Ventures,” Togji University, Shanghai, China, June 2004.

“Business Strategy in Oligopoly Markets,” Tongji University MBA Program, Nanjing, China, June 5, 2004.

“Entrepreneurial Finance: The Role of Venture Capital in Financiering Initial Public Offerings” Fifteenth International Conference on Entrepreneurial Finance and Business Ventures, The George Washington University, April 29 – May 1, 2004, Washington D.C.

“North Africa – European Union Trade 1992 - 2001: Evidence of Dynamic Trade Creation”, Allied Social Science Associations Meeting, January 3 – 5, 2004, San Diego, California.

“An Experimental Study of Mis-valuation in Discounting” Hawaii International Conference on Business, June 18 – 21, 2003, Honolulu, Hawaii.

“On mis-valuing the Exponential Function: An Experiment”, Southwestern Finance Association Meeting, March 4-8, 2003, Houston, Texas.

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“Annualized and Cumulative Returns on Venture-Backed Public Companies Categorized by Industry” at The 13th Annual International Entrepreneurial Finance and Business Ventures Research Conference, April 25- 26, 2002, New York City.

“South Africa’s International Competitiveness A Product Level Analysis” at The 13th Annual International Entrepreneurial Finance and Business Ventures Research Conference, April 25- 26, 2002, New York City.

“Entrepreneurial Immigrants in Germany” at The 13th Annual International Entrepreneurial Finance and Business Ventures Research Conference, April 25- 26, 2002, New York City.

“The Asian Tigers: A One Time Phenomenon or Poised for Return?” Moderator, with Central Bank Governor of Malaysia Dr. Tan Sri Dato Zeti, Richard Herring - The Wharton School, Finance Department, Alan Heston - Department of Economics and Roberto Mariano - Department of Economics, University of Pennsylvania, April 24, 2002

“An Experimental Study of Discount Functions”, The Eastern Finance Association, Thirty-Eighth Annual Meeting, Hyatt Regency on the Inner Harbor in Baltimore, Maryland, April 10-13, 2002.

“Implicit Discount Models – An Experimental Approach”, March 14 -16, 2002, Midwest Finance Association, Chicago, IL.

“A Detailed Analysis of South Africa’s Dynamic Comparative Advantage in World Markets”, August 3 – August 26, 2001, University of Transkei, Umtata, Eastern Cape Province, South Africa.

“Annualized Returns of Venture-Backed Public Companies Categorized by Stage of Financing: An Empirical Investigation of Initial Public Offers in the Last Three Decades”, The European Financial Management Association Meeting, June 27-30, 2001, Lugano, Switzerland.

“The Actual Performance of Venture-Backed Public Companies” International Conference, Mathematics and Computers in Business and Economics, MCBE 2000, World Scientific Engineering Society, Montego Bay, Jamaica, December 20-22, 2000.

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“Dynamic Linkages among the Emerging Middle-Eastern and Other Major World Stock Markets”, Allied Social Science Associations Meeting, Boston, MA, January 7 – 9, 2000.

“Dynamic Chaos Model In International Finance Applied to Stock Markets Indices”, Global Finance International Conference, Istanbul, Turkey April 7- 9, 1999.

“Average Mutual information In Major World Stock Markets”, European Financial Management International Conference, Paris, France, June 23-26, 1999. “Trade and Investment Pattern in the East Asian Economies”, Fortieth American Association for Chinese Studies Conference, October 31 - November 1, 1998, New York.

“East Asia Economic Growth and Energy Requirements”, East Asian Economic Association Convention, September 4-5, 1998, Kitakyushu, Japan.

“Foreign Direct Investment and The Banking Sectors in Ukraine and Russia”, The City University of New York Business Alumni Association, June 3, 1998.

“Dynamic Interrelations Among Major World Stock Markets: A Neural Network Analysis”, Financial Management Association International Conference, June 25-27, 1998, Lisbon, Portugal.

“Dynamic System Analysis of Daily Returns of Major Stock Price Indices”, Society for Economic Dynamics Meeting, June 27 to 30, 1998, Philadelphia, PA.

“Responses of Secondary European Markets to Incertitude”, Global Finance International Conference, April 29 - May 1, 1998, Mexico City, Mexico.

“The Empirical Relation Between Price Changes and Trading Volume: Further Evidence from European Equity markets” Multinational Finance Society Conference, June 25-29, 1997 Thessaloniki, Greece.

“Portfolio Analysis of Major Eastern European Stock Markets”, European Financial Association International Meeting, June 26-28, 1997, Istanbul, Turkey,

“International Portfolio Diversification”, Mathematics and its Applications Throughout the Curriculum (MATC), Society for 60

Industrial and Applied Mathematics (SIAM), June 11-13, 1997, Villanova University, Pennsylvania.

“The Structure of Trade and Finance During Economic Development in East Asia” International Conference on International Trade, Finance and Economic Development, July 21-22, 1996, Taiwan.

“Patterns of Export Growth, Financial Flows, and Equity Markets in the Emerging Economies of East and South East Asia” International Convention of the East Asian Economic Association, October 25-26, 1996, Bangkok, Thailand. “Artificial Neural Network Applications in Analysis of Dynamic Interrelations Among the Largest Stock Markets” International Conference on Application Operations Research, Lodz, October 14- 15, 1996, Lodz, Poland.

“The Effects of Macro Economic Variables and Sectoral Borrowing on the Variability of Commodity Futures Basis” American Economic Association Meeting, San Francisco, January 5-7, 1996.

“A Spectral Analysis Study of the Latin American Stock Markets” American Economic Association Meeting, San Francisco, January 5-7, 1996.

“Advances in Financial Econometrics: Theory and Application to Emerging Stock Markets” International Financial Managers for the Twenty-first Century, Creating Wealth for the Future, Drexel University, College of Business and Administration, Department of Finance, Philadelphia, PA, USA, October 31 - November 2, 1995.

“Benefits of Global Diversification: A Spectral Analysis Study of The Latin America Markets” The Graduate School and University Center, The City University of New York, N.Y. City, U.S.A., May 2, 1995.

“Dynamic Linkages Among Major Stock Markets,” North American Economics and Finance Association Annual Meeting, Washington, D.C., USA, January 6-8, 1995.

“Dynamic Linkages Among Major Stock Markets of the European Community,” European Financial Management Conference, Virginia Beach, VA, USA, May 28-29, 1993.

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“The Quality of Experts Versus Auto-regressive Forecasts of Nominal and Real Macroeconomic Data,” Midwest Economic Association, Indianapolis, Indiana, USA, April 1-3, 1993.

“Effects of Coordination and Transition Costs on Labor Managed Firm's Size,” International Conference on Theoretical and Applied Aspects of Labor-Managed Firms, Bar-Ilan University, Ramat-Gan, Israel, May 25-28, 1992.

“Macroeconomic Aspects of the Mixed Economy - The Israeli and the Hungarian Experiments,” Academia de Studii Economica, Bucharest, Romania, May 21, 1992.

“Macroeconomic Aspects of the Mixed Economy - The Israeli Experience,” Summer University Institute, Budapest, Hungary, July 30 - August 10, 1990.

“On the Employment and Wages of Jewish and Arab Workers in Israel: Some Causality Tests” International Conference on Labor Markets Segregation, Bar-Ilan University, Ramat-Gan, Israel.

“Building a House in Israel,” International Conference on the Transition from Centralized to Market Economy, Entrepreneurship, Growth and Immigrant Absorption, Jerusalem, Israel, February 11-14, 1990.

“Politically Optimal Macroeconomic Policy: Israel, 1973 - 1986,” International Conference on Markets and Politicians, Bar-Ilan University, June 19-22, 1989. “The Integration of the Israeli Economy into the European Economic Community,” International Conference on the European Community and the State of Israel, Tel-Aviv, Israel, May 21-23, 1984.

“Estimation of a Rational Expectations Equilibrium Model,” Western Economic Association, July 1983.

“A Rational Expectations Equilibrium Model of Capital Accumulation With Taxes,” Midwestern Economic Association, Chicago, April 7-9, 1983.

“A Rational Expectations Model of Employment Level and Capital,” Eastern Economics Association, Boston, March 9-12, 1983.

“Formulating and Estimating a Dynamic Model - The New Macroeconomics School of Thought,” Texas A & M, February 1983. 62

“A Rational Expectations Model of Employment Level and Capital With Time-To-Build and Costs of Adjustment,” American Economic Association Meeting, New York, December 1983.

Discussant at Professional Meetings (Partial List)

Global Finance Conference, Capital Markets Session, May 1, 1998, Mexico City, Mexico.

The Van Leer Jerusalem Institute, The Immigrants are Arriving - Where Will They Live? Session, January 15, 1991.

Western Economic Association, Money and Banking Institutions Session, July 1983.

Midwestern Economic Association, Macroeconomics Theory Methodology Session, Chicago, April 7-9, 1983.

Eastern Economic Association, Banking and Financial Markets Session, Boston, March 9-12, 1983.

Other Papers Presented (Partial List)

“Foreign Direct Investment and the Banking Sectors in Ukraine and Russia”, The City College of The City University of New York Business Alumni Society, Fashion Institute of Technology, New York City, June 3, 1998.

“Dynamic Interrelationships among the Emerging Middle Eastern and United States Stock Markets” International Economics Brown-bag Lunch, University of Pennsylvania, February 28, 2000.

“From Wall Street to the World: the Stock Market Here and Abroad” Preceptorial, University of Pennsylvania, Fall 2001.

“Engaging Students through Technology Symposium,” The University of Pennsylvania, September 25, 2009

National Bureau of Economic Research (NBER) Conferences

1. Universities' Research Conference, Formulation of Monetary Policy, December 3-5, 1998.

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2. Universities' Research Conference, Macroeconomic Effects of Corporate Finance, December 10-11, 1999.

3. National Bureau of Economic Research (NBER) Market Microstructure Research Group Meeting, Royal Sonesta Hotel, Cambridge, Massachusetts, July 18-19, 2003.

3. National Bureau of Economic Research (NBER) Market Microstructure Research Group Meeting, New York University, New York, May 6-7, 2004.

4. National Bureau of Economic Research (NBER) Market Microstructure Research Group Meeting, Cambridge, Boston, Friday, May 11, 2007.

5. National Bureau of Economic Research (NBER)Market Microstructure Research Group Meeting, Cambridge, Boston, Friday, October 19, 2007.

6. National Bureau of Economic Research (NBER)Macroeconomics Across Time and Space Workshop, The Federal reserve Bank of Philadelphia, May 1-2, 2009.

The University of Warsaw

“Islamic Tradition in Today’s Business Environment,” Conference, Department of Organizational Sociology and Business History, Faculty of Management, December 13, 2016, University of Warsaw, Warsaw, Poland, a participant.

Warsaw School of Economics

“Time for Change in Europe,” international Conference Free Market Road Show 2016, May 20, 2016, Warsaw School of Economics, Warsaw, Poland a Participant.

Penn Institute for Economic Research (PIER) – International Economic Review (IER) Conference on Political Economy, September 15-16, 2006, University of Pennsylvania, a participant.

Penn Institute for Economic Research (PIER) – International Economic Review (IER) Conference on Crime and Public Policy, April 11 – 12, 2003, University of Pennsylvania, a participant.

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The Leonhard Davis Institute of Health Economics, University of Pennsylvania, “Health in Context: Impact of Built, Social, and Natural Environment,” May 12, 2006, a participant.

Leonard Davis Institute of Health Economics, University of Pennsylvania, “Linking Health Services Research, Policy and Practice,” May 13, 2005, a participant.

The Leonhard Davis Institute of Health Economics, University of Pennsylvania, “The Economics and Politics of Employer-Sponsored Health Care”, May 14, 2004, a participant.

Wharton Global Alumni Forum, June 3-6, 2004, Grand Hyatt, Shanghai, China, a participant.

University of Pennsylvania, Department of Economics

A Conference in Honor of Dave Cass, October 8-10, 2004, a participant.

Conference in Honor of Andrew Postlewaite’s 65th Birthday, Sponsored by the Economics Department, Pennsylvania Institute for Economic Research and International Economic Review, October 11 - 12, 2008, a participant.

“Structural Estimation of Behavioral Models: A Conference in Honor of Kenneth I. Wolpin,” Sponsored by Penn Institute for Economic Research, James L. McCabe Empirical Micro Workshop, and The John Deutsch Institute for the Study of Economic Policy, University of Pennsylvania, September 21-22, 2012, a participant.

“Wharton Conference on and Financial Crises,” Sponsored by Wharton Financial Institutions Center, October 12-13, 2012, a participant.

“Wharton Conference on Liquidity and Financial Crises,” Sponsored by Wharton Financial Institutions Center, October 11- 12, 2013, a participant.

“The Third Wharton Conference on Liquidity and Financial Crises,” Sponsored by Wharton Financial Institutions Center and the Review of Financial Studies, October 10-11, 2014, a Participant.

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“Macroeconomic Measurement, Theory, Prediction, and Policy: A Colloquium Honoring the Legacy of Lawrence R. Klein,” October 24-25, 2014, The University of Pennsylvania, a participant.

Philadelphia Fed Policy Forum

“Managing the Recovery in Uncertain Times,” The Third Annual Philadelphia Fed Policy Forum, November 14, 2003, a participant.

“Challenges and Opportunities in the Global Economy: Perspectives on Outsourcing, Exchange Rates, and Free Trade,” The Fourth Annual Philadelphia Fed Policy Forum, December 3, 2004, a participant.

“Fiscal Imbalance: Problems, Solutions, and Implications,” The Fifth Annual Philadelphia Fed Policy Forum, December 2, 2005, a participant.

“Economic Growth and Development: Perspectives for policymakers,” The Sixth Annual Philadelphia Fed Policy Forum, December 1, 2006, a participant.

“Innovation and Regulation in Financial Markets,” The Seventh Annual Philadelphia Fed Policy Forum, November 30, 2007, a participant.

“Policy Lessons from the Economic and Financial Crisis,” The Eighth Philadelphia Fed Policy Forum, December 4, 2009, a participant.

Budgets on the Brink: Perspectives on Debt and Monetary Policy,” The Philadelphia Fed Policy Forum, December 2, 2011, a participant.

“The History of Central Banking in the United States,” The Philadelphia Fed Policy Forum, December 6, 2013, a participant.

“The New Normal for the U.S. Economy,” The 11th Philadelphia Fed Policy Forum:, December 4, 2015, a participant.

“People, Place, Prosperity: Revitalizing, Our Cities,” The 12th Philadelphia Fed Policy Forum, December 1, 2017, a participant.

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Philadelphia Workshop on Monetary and Macroeconomics

Federal Reserve Bank of Philadelphia, Conference Center, March 31 – April 1, 2006, a participant.

Philadelphia Macro Workshop, Federal Reserve Bank of Philadelphia, March 30, 2007 – March 31, 2007, a participant

Philadelphia Workshop on Macroeconomics, International economic review, Federal Reserve Bank of Philadelphia and Penn Institute for economic research, April 8-9, 2011, a participant.

Federal Reserve Bank of New York Forty-Fifth Central Banking Seminar: “Demystifying The Fed,” January 13-14, 2005, New York City, a participant.

“The Federal Reserve in the 21st Century – Understanding the recent Financial Market Turmoil,” January 7-8, 2009, a participant.

“The Federal Reserve in the 21st Century – U.S. Monetary policy and Financial Stability,” March 19-20, 2012, a participant.

“The Federal Reserve in the 21st Century – U.S. Monetary policy and Financial Stability Policy,” March 4-5, 2013, a participant.

“The Federal Reserve in the 21st Century – U.S. Monetary Policy and Financial Stability Policy,” March 23-24, 2015.

“The Federal Reserve in the 21st Century Symposium, U.S. Monetary Policy and Financial Stability Policy,” March 22, 2016.

Fels Institute of Government, The University of Pennsylvania

Public Policy Challenge Penn Finals, February 24, 2013, a participant.

The Pan American Association of Philadelphia

“The New Columbia: What it Means for the Hemisphere,” The Union League of Philadelphia, October 18, 2013, a participant.

Thomson Reuters 67

Focus group: “How Scholars Assign Trust and Authority to the Information Sources They Choose, and Cite?” February, 25, 2013, a participant.

Vale Columbia Center on Sustainable International Investment

“Raising the Bar: Home Country Efforts to Regulate Foreign Investment for Sustainable Development,” Ninth Annual Columbia International Investment Conference, November 12-13, 2014, Columbia University, New York, a Participant.

“Investment Incentives - The Good, the Bad and the Ugly: Assessing the Costs, benefits and options for Policy Reform,” Vale Columbia Center on Sustainable International Investment, Columbia University, November 13-14, 2013, a participant.

Korean Development Institute (KDI) School of Public Policy and Management, Sejung, South Korea

Central Asia and Europe Forum, Reemergence of the Great Silk Road: Cooperation Potentials for Central Asia and Europe, July, 27, August 3, 2015, a participant.

Korea Institute of Public Finance, Center for Performance Evaluation and Management, South Korea

“The Development and Limitation of Performance Budgeting in Korea,” July 27, 2015, Sejung, South Korea, a participant.

Saint Joseph’s University, Institute for Jewish-Catholic Relations

“Jewish-Christian Dialogue and Dialogue with other Regions: Are they Mutually Complementary?” a participant, November 12, 2018

More Conferences

“Problems of Economic Reforms, Economic Institutions and Economic Policy in Russia,” Science Conference Celebrating 15 Year Anniversary of Moscow School of Economics, M.V. Lomosov Moscow State University, Moscow Russia, April 25 – 29, 2019.

National Committee on U.S. China Relations, China Town Hall, Saint Joseph’s University, a participant, October 9, 2018. 68

Public Benefit International Challenge for Youth 2018, Innovation, Creation for Africa, ChinAfrica, A Judge in the International Competition, Beijing Foreign Studies University, Beijing, China, August 8, 2018.

Feeding Cities: Food Security in a Rapidly Urbanizing World, Penn. Institute of Urban Research, The University of Pennsylvania, March 13-15, 2013, a Participant.

Penn. Geographic Information Systems (GIS) at the University of Pennsylvania, November 14, 2012, a participant.

Decision Theory @ Penn Conference, The University of Pennsylvania, March 23, 2012, a participant.

Center for Teaching and Learning, The University of Pennsylvania, “Getting the Most out of Student Presentations,” February 29, 2012, a participant.

American Association for Chinese Studies, Fifty-Third Annual conference, Attending the Reception and Film Screening, Autumn Gem, October 14, 2011, Philadelphia, PA, a participant.

Symbiosis of Technology and Computer Science, Second International Conference, May 27-29, 2011, Kiry (Zakopane), Poland, a participant.

“Guiding Student Research Papers: How to Incorporate ndergraduate Research into Teaching? The Center for Teaching and Learning, The University of Pennsylvania, February 1, 2010, a participant.

“START-UP NATION: The Story of Israel's Economic Miracle,” The University of Pennsylvania, February 18, 2010, a participant.

Eastern Economic Association 36th Annual Conference, Loew’s Hotel, Philadelphia, February 26-28, 2010, a participant.

“The Future of the Global Reserve System,” The Earth Institute, Columbia University, in partnership with the Asian Development Bank, September 16-17, 2009, New York City, a participant.

“Developing Technical and Financial Solutions for the Survival of Small Island Developing States (SIDS): Looking Beyond 69

Copenhagen,” organized by the Alliance of Small Island States (AOSIS) and Columbia Consortium for Risk Management (CCRM), Columbia University, United Nations Headquarters, New York City, New York, November 12, 2009, a participant.

FOCUS 2009, Third Global Summit on Entertainment and Media, 17- 18 December 2009, Hotel Le Meridien, New Delhi, India, a participant.

“Leadership the Hard-way : Leadership in Today’s Fast-Paced Global Economy Using Intel’s Experience in Israel as a Model,” The America-Israel Chamber of Commerce, May 5, 2008, Drexel University, Philadelphia, PA, a participant.

“The Economy of Iraq – Prospects and Challenges” June 25, 2008, a visit to the Mission of Iraq to the United Nations, New York, New York

“The Economy of Israel at Sixty,” July 9, 2008, Gratz College, Melrose Park, PA, USA, a participant.

American Israel Public Affairs Committee Meeting, Philadelphia, October 29, 2007, a participant.

The Colin Powell Center for Policy Studies and Eisenhower Fellowships: Strengthening Global Cities: An Urban Leadership Forum, November 15, 2007, The City College of The City University of New York, New York City, a participant.

Turkish-American Chamber of Commerce and Industry Meeting in Honor of United Nations Development Program Administrator Mr. Kemal Dervis, Harvard Club of New York City, November 14, 2006, a participant.

Recent MA Thesis Supervision

“The ‘Holiday Effect’ on the Israeli Market,” Daniel Nitecki, 2011, The City College of The City University of New York. “The Cultural Specificity of the Human Resource Management in Middle Eastern Firms,” Diyari Mamand, University of Warsaw, Faculty of Management”, 2017. “Effectiveness of Human Resource Management in Sustaining Family Business Succession in Gulf Countries,” Al-Hemiry, University of Warsaw, Faculty of Management”, 2017.

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Membership in Professional Organization

The American Economic Association, member, various years The American Finance Association, member, various years The Royal Economic Society, member, various years Global Finance Association, member, various years Center for Social and Economic Research (CASE), A Fellow, 2016 – Present.

Broadcasting Experience

Radio appearances (thirty-minute segment each) on the topics of: 1) Perfect Competition 2) Government Intervention in the Free Market

Grants and Contracts

1. Primary Investigator, RF PSC-CUNY 49, “Economic Transformation in Poland and Ukraine: The Case of Foreign Trade,” 2017-2018. 2. National Science Centre in Poland under the project 2014/13/B/HS4/01517 with the funds allocated to science in the years 2015-2018, “Collaboration and Collaboration Risk in Small and Middle-Size Technological Enterprises,” (230,265 PLN, exchange rate 3.67, $62,740), from February 20, 2015 until August 19, 2018. 3. Primary Investigator, RF PSC-CUNY 47, “The Geography of Venture Capital Investment,” PSC-CUNY Research Awards (Traditional B): TRADB-47-316, $6,000, 2015-2016. 4. Senior Fulbright Scholar, Taras Shevchenko National University of Kiev, Faculty of Economics, Department of International Economics and Marketing, April – May 2014, Fulbright, Institute for International Education, ($8,400). 5. Primary Investigator, RF PSC-CUNY 45 Account 67690-00 45, Active July 1st 204 through June 30th 2015 for the project “The Probability of Mergers by Specified Purpose 71

Acquisition Companies (SPACs),” for a total of $6000.00. Research Award, 2014 – 2015 6. Primary Investigator, Ewing Marion Kauffman Foundation, EMKF Grant #20120110, active March 20, 2012 through July 31, 2013 for the project “Environmental Economics: Clean- tech Venture Capital Investment in the United States” for a total of $5,000I. 7. Travel grant from the CCNY Travel Program, 2011. 8. The Charles B. Rangel Center for Public Policy at The City College of New York Research Grant, 2010-2011. 9. Primary Investigator, RF PSC-CUNY Account 63337-00 41, active July 1st 2010 through December 31st 2011 for the project “Clean-tech Venture Capital Investment in the United States,” for a total of $3006.77 #41-489 Research Award for, 2010 – 2011. 10. Fulbright Senior Specialist Grant, 2010 – 2011, Warsaw University of Life Sciences, Warsaw, Poland, Fulbright, Institute for International Education, ($8,400). 11. Primary Investigator, RF PSC-CUNY Account 62515-00 40 active July 1st 2009 through July 1st 2011 for the project“Empirical Analysis of the Gender Gap: Time Use on Household Activities and Gender Wage Discrimination” for a total of 4,052.76, for the academic year 2009-2011. PSC- CUNY Award #40-775. 12. Primary Investigator, RF PSC-CUNY Account 61483-00 39 active July 1st 2008 through December 31st 2009 for the project “An Economic Analysis of Long-Run Returns of Publically Traded Enterprises Backed by Venture Capital,” for a total of $4,600.50. PSC-CUNY Award # 61483-00 39, Research Award for $4,600.50, 2008-2009. 13. Primary Investigator, Ewing Marion Kauffman Foundation, EMKF Grant # 20061161, active May 8, 2006 through June 30, 2009 for the project “Conference Support and Research Project on the Venture Capital Industry,” for a total of $10,000 14. Primary Investigator, Ewing Marion Kauffman Foundation, EMKF Grant # 20060006, active July 1, 2005 through June 30, 2007 for the project “Research on Entrepreneurial and Business Ventures” for a total of $12,000. 15. Primary Investigator, Ewing Marion Kauffman Foundation, EMKF Grant # 20061162, active April 19, 2006 through June 30, 2009 for the project “Conference Support and Research Project on the Dynamic linkages Among the Stock Exchanges 72

of the Energing Tigers of the Twenty First Century: Brazil, ZIndia, Russia, and China” for a total of $12,000. 16. Fulbright Senior Specialist, Fulbright, Institute for International Education, TongJi University, Research in Shanghai, China. 17. Fulbright Senior Specialist, Fulbright, Institute for International Education, Research in Lodz, Poland. 18. The Eurasia Foundation, Ukraine, Russia and the USA. 19. Economic Education and Research Consortium, USA and Ukraine. The consortium members include: Eurasia Foundation (with funding from USAID), Ford Foundation, Open Society Institute, The Pew Charitable Trusts, Royal Norwegian Ministry of Foreign Affairs, Starr Foundation, Swedish Ministry of Foreign Affairs, World Bank and Digital Equipment, Ukraine. 20. National Science Foundation, USA. 21. Harvard University - Harvard Institute for International Development. 22. University of Pennsylvania, Institute for Economic Research. 23. University of Pennsylvania, Center for Analytic Research in Economics and the Social Sciences. 24. New Economic School, Moscow Russia, Transforming Governments in Economies in Transition (GET). 25. Tel Aviv University, The Kasierer Institute for Research in Accounting. 26. Bar-Ilan University, Israeli Institute of Accounting Research. 27. European University Institute: Trade Relations Between Israel and the European Economic Community. 28. Israel Economic Planning Agency, Economic Ministry: European Economic Community - Israel Trade Relations. 29. Indiana Department of Commerce - Effects of International Trade on State Employment. 30. Hudson Institute - Demand for Vocational Education.

Outside Member of the Promotion Committees (Very Partial List)

Outside Member of the Promotion Committee for the promotion to Full Professor in the Department of Economics at the Emak Yezreel College, Israel, Dr. Nissim Ben David, 2012.

Outside Member of the Promotion Committee for the promotion to Full Professor in the Department of Economics and Management, Western Galilee College, Israel, Dr, Yaffa Machnes, 2012.

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Previous Ph.D. Dissertation Committees

1. University of Pennsylvania, Seung - Gyu Jo, “Essays on Strategic International Trade Policy,” graduated 2000.

2. University of Pennsylvania, Jeremy Berkowitz, “Estimating and Evaluating Economic Models Via Spectral Analysis,” graduated 1996.

3. University of Pennsylvania, Sang-Yirl Nam, “Trade Liberalizations and U.S. Foreign Trade in Textiles and Apparel: An Analysis of North America Free Trade Agreement (NAFTA) and Uruguay Round Agreement Effects,” graduated 1995.

4. Temple University, School of Business and Management, Department of Finance, Priyal E. Perera, “Behavioral Characteristics of the Sri Lankan Stock Market: Evidence From Some Tests of Return Predictability in the Stock Exchange, ” graduated 1994.

5. The University of World Economy and Diplomacy of the Republic of Uzbekistan Dissertation Thesis of the Honorable Mr. Ibragin Badjabovich Mavlanov for being awarded the degree of Doctor of Sciences in Economic on Specialty 08.00.09 – World Economy. The subject of the dissertation is: “The Formation and Development of Modern Economic Diplomacy – The Case of India.” 2012.

6. The Graduate School and University Center of The City University of New York, Igor Sorkin, 2012 - in progress.

7. The Graduate School and University Center of The City University of New York, Damir Cosic, 2013 – 2015 (Urban Institute, Washington D.C. USA).

8. The Graduate School and University Center of The City University of New York, Hyoung Suk Shim Economic Analysis on Transportation System, 2015 (College of Staten Island, CUNY).

9. An Examiner of a Ph.D. Thesis of Samuel James HENKEL, “Essays in International Macro Finance,” Department of Finance, Faculty of Business and Economics, The University of Melbourne, 2015.

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10. The Graduate School and University Center of The City University of New York, Serge Shuster, 2013 – in progress.

11. Université de Savoie, Institut d’Administration des Enterprises = Institute of the Administrations and the Enterprises (IAE) Savoie Mont-Blanc, Institut de Recherche en Gestion et en Economie = Institute of Research in Management and in Economics (IREGE), Annecy-Le-Vieux, France, Etienne Duchâtel, in Finance, 2012 – in progress.

12. The Graduate School and University Center of The City University of New York, Lindsey Piegza (Chairman), 2014 – in progress.

13. The University of Warsaw, Warsaw, Poland, Pingping Song, Business Performance and Competitive Strategies of Chinese SMEs: Case Study in Qingdao City, 2014 – 2016.

14. The Graduate School and University Center of The City University of New York, Wenyi Lu, Development Issues of Emerging Markets: Environmental Pollution and SME's Financing constraints, 2015 – in progress.

15. National Institute of Technology, Durgapure, West Bengal, India, Aridam Banerjee, Board of Examiners of PhD Thesis, A Study of Predictability of Stock Returns and Bahaioural Biases, 2018.

Supervision of Lauder Institute MA theses, The University of Pennsylvania (Partial List)

Supervision of Third Year Ph.D. Research Paper at the University of Pennsylvania (Very Partial List)

Erensto Cordero, “Quantitative Analysis of the Mexican Stock Market,” 1997-98.

Teaching

I have very strong evaluations by students and peers. Consistently recognized as one of the most highly rated instructors by both the Chairman and the Dean. Awarded the Irving B. Kravis Award for Distinction in Undergraduate Teaching.

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Services

SSI Organization, Introducing Consulate General of Israel in New York, Ambassador Dani Dayan, The City College of The City University of New York, November 15, 2018.

Representative of the Department of Economics and Business of The City College of the City University of New York at, City Connect, Majors Jamboree, Fall Festival, October 25, 2018.

Faculty Advisor, SSI Organization, The City College of The City University of New York, 2017 - 2018.

Moderator, SSI Organization, "Stories of the Holocaust," The City College of The City University of New York, November 9, 2017.

Moderator, SSI Organization, StandWithUs, "An Israeli-Arab Zionist - Yahya Mahamed," The City College of The City University of New York, November 28, 2017.

City University of New York, Department of Economics and Business, CCNY, a member of the Departmental Executive Committee 2017-2018, 2018-2020.

The Ph.D. Program in Economics, The Graduate Program and The University Center of The City University of New York, a member of the Executive Committee, 2013-2015, 2016- 2018.

City University of New York, Department of Economics and Business, CCNY, Departmental Executive Committee 2011-2012, Spring 2013.

Children and Academic Careers in the Economics Profession Survey, March 2012, a participant.

City University of New York (CUNY) Wide Black Male Leadership and Mentoring Program: Entrepreneurial Concept Competition, Judge 2010.

Department of Economics and Business, CCNY, Departmental Executive Committee 2011-2012.

Department of Economics, CCNY, Departmental Executive Committee 2010-2011. 76

The City College of The City University of New York, College- Wide Resource Committee, Member at Large, 2010-2011.

Professional Staff Congress / The City University of New York (PSC/CUNY: “Introduction to Contract Enforcement,” July 16, 2009, a participant.

The City College of the City University of New York – Department of Economics Executive Committee, before, and from 2007-2009.

December 4, 2007, “Foundations of Mechanism Design Theory,” as a part of “Who got the Nobel Prize this year and why?” The City College of The City University of New York, a presenter for the prize in economics.

“Einsteins in the City”, The City College of the City University of New York, A member of the Program Committee, representing Economics and the Social Sciences, 2005.

The City College of the City University of New York, Search Committee Chair for both Junior and Senior Faculty, 2001-2002, 2002-2003, and 2004-2005.

The City College of the City University of New York – Faculty Senate, member 1998-2007.

The City College of the City University of New York – Faculty Senate, member of the Executive Committee, 2002-2003, 2003-2004, 2004 – 2005 and 2005-2006.

The City College of the City University of New York – Faculty Senate, member of the Nominations Committee, 2000 – 2005, 2002- 2005 Chairman.

The City College of the City University of New York – Faculty Senate, member of the Election Committee, 2001-2005, Chair 2002- 2006.

The City College of the City University of New York – Faculty Council, Member at Large 2000-2007.

The City College of the City University of New York – Faculty Council, Member of the Executive Committee, 2001-2002, 2002-2003, 2003 – 2004, 2004-2005, 2005-2006. 77

The City College of the City University of New York – Policy Advisory Council, A College-wide Advisory Council to the University’s President, member, 2002 – 2003, 2003-2004, 2004-2005, 2005-2006.

Rosenberg – Humphrey Institute – Member of the Faculty Advisory Committee, The City College of the City University of New York, 1999-2005.

The City College of the City University of New York – Faculty Senate Representative in the University-Wide Bookstore Committee, 2001 – 2002.

Global Finance Journal - Member of the International Conference Executive Committee, Dublin University – Trinity College, Dublin, Ireland June 27-29, 2005. Ph.D Global Finance Journal - Member of the International Conference Executive Committee, Hotel and Casino, Las Vegas, Nevada, U.S., April 4-6, 2004.

Global Finance Journal - Member of the International Conference Executive Committee, Mexico City, Mexico, 1998.

Global Finance Journal - Member of the International Conference Executive Committee, Istanbul, Turkey, 1999.

Served on departmental and university committees, Screening and Acceptance Committee for B.A., M.A., M.B.A students and Junior Faculty. Chaired Fellowship committees, Library committees, bookstore committee, organized guest speakers and departmental seminars. Served on M.A. and Ph.D. dissertation committees. Supervised and coordinated independent-study courses for B.A., M.A. and M.B.A students. Served as a faculty adviser to Omicron, Delta, and Epsilon - The International Economics Honor Society for undergraduate and graduate student organizations.

Dissertation

Title: A Rational Expectations Equilibrium Model of Capital Accumulation Under Uncertainty

Dissertation 78

Committee: Nobel Laureate Professor Thomas J. Sargent (Chairman), Professor Neil Wallace, Nobel Laureate Professor Christopher Sims, Nobel Laureate Professor Edward C. Prescott, Professor Symord Geisser