Staff profile

Ahmed Elsayed is an Associate Professor in Economics and Finance at Durham University Business School. He is a core member of the Ethical Finance, Accountability and Governance (EEFAG) centre, a Research Fellow of the SDGs Network, the Economic Research Forum, and the Institute for Middle Eastern and Islamic Studies among other institutions. Furthermore, he is a Senior Fellow of the Higher Education Academy and an Associate Editor of Heliyon Business and Economics journal.

His current research focuses on, but is not limited to, FinTech and Cryptocurrency, Sustainable Finance and Financial Development, Financial Market Integration, Financial Network, and Islamic Banking and Finance. I am also interested in the following research areas Financial Integration, Contagion and Risk Transmission, Financial Econometrics, and Emerging Economies.

In terms of publication, he published many research papers in prestigious Economics and Finance journals such as Economics Letters, International Review of Financial Analysis, Journal of International Financial Markets, Institutions and Money, Energy Economics, Annals of Operation Research, International Journal of Finance and Economics, Finance Research Letters, and Quarterly Review of Economics and Finance, among others.

• Analysis of cointegrating systems and econometric modelling of regime-switching and asymmetry
• Contagion and financial crises
• Economic determinants of volatility spillovers
• Middle East economies and Emerging fianacial markets
• Return and volatility transmission in financial markets
• Financial Development and Regulations
• Monetary and financial economics
• Banking and Islamic Finance

Journal Article

• International Monetary Policy and Cryptocurrency Markets: Dynamic and Spillover Effects
  
  Elsayed, A. H., & Sousa, R. M. (2024). International Monetary Policy and Cryptocurrency Markets: Dynamic and Spillover Effects. European Journal of Finance, 30(16), 1855-1875. https://doi.org/10.1080/1351847x.2022.2068375
• Volatility Spillover Across Spot and Futures Markets: Evidence from Dual Financial System
  
  Elsayed, A. H., Asutay, M., ElAlaoui, A. O., & Bin Jusoh, H. (2024). Volatility Spillover Across Spot and Futures Markets: Evidence from Dual Financial System. Research in International Business and Finance, 71, Article 102473. https://doi.org/10.1016/j.ribaf.2024.102473
• The Impact of Geopolitical Risk on Sustainable Markets: A Quantile-Time-Frequency Analysis
  
  Helmi, M. H., Elsayed, A. H., & Khalfaoui, R. (2024). The Impact of Geopolitical Risk on Sustainable Markets: A Quantile-Time-Frequency Analysis. Finance Research Letters, 64, Article 105380. https://doi.org/10.1016/j.frl.2024.105380
• Exploring the role of oil shocks on the financial stability of Gulf Cooperation Council countries
  
  Elsayed, A. H., Downing, G., Lau, C. K. M., & Sheng, X. (2024). Exploring the role of oil shocks on the financial stability of Gulf Cooperation Council countries. International Journal of Finance & Economics, 29(2), 1804-1819. https://doi.org/10.1002/ijfe.2757
• Financial Stability and Monetary Policy Reaction: Evidence from the GCC Countries
  
  Elsayed, A. H., Naifar, N., & Nasreen, S. (2023). Financial Stability and Monetary Policy Reaction: Evidence from the GCC Countries. Quarterly Review of Economics and Finance, 87, 396-405. https://doi.org/10.1016/j.qref.2022.03.003
• Asymmetric relationship between green bonds and Sukuk markets: The role of global risk factors
  
  Billah, M., Elsayed, A. H., & Hadhri, S. (2023). Asymmetric relationship between green bonds and Sukuk markets: The role of global risk factors. Journal of International Financial Markets, Institutions and Money, 83, Article 101728. https://doi.org/10.1016/j.intfin.2022.101728
• Determinants of financial stability and risk transmission in dual financial system: Evidence from the COVID pandemic
  
  Elsayed, A. H., Ahmed, H., & Husam Helmi, M. (2023). Determinants of financial stability and risk transmission in dual financial system: Evidence from the COVID pandemic. Journal of International Financial Markets, Institutions and Money, 85. https://doi.org/10.1016/j.intfin.2023.101784
• Financial connectedness and risk transmission among MENA countries: Evidence from connectedness network and clustering analysis
  
  Balcilar, M., Elsayed, A. H., & Hammoudeh, S. (2023). Financial connectedness and risk transmission among MENA countries: Evidence from connectedness network and clustering analysis. Journal of International Financial Markets, Institutions and Money, 82. https://doi.org/10.1016/j.intfin.2022.101656
• Central Bank digital currencies: An Agenda for future research
  
  Elsayed, A. H., & Ali Nasir, M. (2022). Central Bank digital currencies: An Agenda for future research. Research in International Business and Finance, 62, Article 101736. https://doi.org/10.1016/j.ribaf.2022.101736
• Do Geopolitical Events Transmit Opportunity or Threat to Green Markets? Decomposed Measures of Geopolitical Risks
  
  Sohag, K., Hammoudeh, S., Elsayed, A., Mariev, O., & Safonova, Y. (2022). Do Geopolitical Events Transmit Opportunity or Threat to Green Markets? Decomposed Measures of Geopolitical Risks. Energy Economics, 111, Article 106068. https://doi.org/10.1016/j.eneco.2022.106068
• Volatility and Return Connectedness of Cryptocurrency, Gold, and Uncertainty: Evidence from the Cryptocurrency Uncertainty Indices
  
  Elsayed, A. H., Gozgor, G., & Yarovaya, L. (2022). Volatility and Return Connectedness of Cryptocurrency, Gold, and Uncertainty: Evidence from the Cryptocurrency Uncertainty Indices. Finance Research Letters, 47(Part B), Article 102732. https://doi.org/10.1016/j.frl.2022.102732
• Risk Transmissions between Bitcoin and Traditional Financial Assets during the COVID-19 Era: The Role of Global Uncertainties  
  
  Elsayed, A., Gozgor, G., & Lau, C. (2022). Risk Transmissions between Bitcoin and Traditional Financial Assets during the COVID-19 Era: The Role of Global Uncertainties  . International Review of Financial Analysis, 81, Article 102069. https://doi.org/10.1016/j.irfa.2022.102069
• Bubbles and Crashes in Cryptocurrencies: Interdependence, Contagion, or Asset Rotation?
  
  Chowdhury, M., Damianov, D., & Elsayed, A. (2022). Bubbles and Crashes in Cryptocurrencies: Interdependence, Contagion, or Asset Rotation?. Finance Research Letters, 46(Part B), Article 102494. https://doi.org/10.1016/j.frl.2021.102494
• Causality and Dynamic Spillovers among Cryptocurrencies and Currency Markets
  
  Elsayed, A., Gozgor, G., & Marco Lau, C. (2022). Causality and Dynamic Spillovers among Cryptocurrencies and Currency Markets. International Journal of Finance and Economics, 27(2), 2026-2040. https://doi.org/10.1002/ijfe.2257
• Dependence structure and dynamic connectedness between green bonds and financial markets: fresh insights from time-frequency analysis before and during COVID-19 pandemic
  
  Elsayed, A., Naifar, N., Saudi Arabia, R., & Tiwari, A. (2022). Dependence structure and dynamic connectedness between green bonds and financial markets: fresh insights from time-frequency analysis before and during COVID-19 pandemic. Energy Economics, 107, Article 105842. https://doi.org/10.1016/j.eneco.2022.105842
• Determinants of Spillovers between Islamic and Conventional Financial Markets: Exploring the Safe Haven Assets during the COVID-19 Pandemic
  
  Yarovaya, L., Elsayed, A. H., & Hammoudeh, S. (2021). Determinants of Spillovers between Islamic and Conventional Financial Markets: Exploring the Safe Haven Assets during the COVID-19 Pandemic. Finance Research Letters, 43, Article 101979. https://doi.org/10.1016/j.frl.2021.101979
• Volatility transmission and spillover dynamics across financial markets: The role of geopolitical risk
  
  Elsayed, A., & Helmi, M. (2021). Volatility transmission and spillover dynamics across financial markets: The role of geopolitical risk. Annals of Operations Research, 305, 1-22. https://doi.org/10.1007/s10479-021-04081-5
• Inflation synchronization among the G7 and China: The important role of oil inflation
  
  Elsayed, A., Hammoudeh, S., & Sousa, R. (2021). Inflation synchronization among the G7 and China: The important role of oil inflation. Energy Economics, 100, Article 105332. https://doi.org/10.1016/j.eneco.2021.105332
• Key drivers of renewable energy deployment in the MENA Region: Empirical evidence using panel quantile regression
  
  Belaid, F., Elsayed, A., & Omri, A. (2021). Key drivers of renewable energy deployment in the MENA Region: Empirical evidence using panel quantile regression. Structural Change and Economic Dynamics, 57, 225-238. https://doi.org/10.1016/j.strueco.2021.03.011
• Time-varying co-movements between energy market and global financial markets: Implication for portfolio diversification and hedging strategies
  
  Elsayed, A., Nasreen, S., & Tiwari, A. (2020). Time-varying co-movements between energy market and global financial markets: Implication for portfolio diversification and hedging strategies. Energy Economics, 90, Article 104847. https://doi.org/10.1016/j.eneco.2020.104847
• Does Bitcoin add value to global industry portfolios?
  
  Damianov, D. S., & Elsayed, A. H. (2020). Does Bitcoin add value to global industry portfolios?. Economics Letters, 191, Article 108935. https://doi.org/10.1016/j.econlet.2019.108935
• Are Islamic and Conventional Capital Markets Decoupled? Evidence from Stock and Bonds/Sukuk Markets in Malaysia
  
  Ahmed, H., & Elsayed, A. (2019). Are Islamic and Conventional Capital Markets Decoupled? Evidence from Stock and Bonds/Sukuk Markets in Malaysia. Quarterly Review of Economics and Finance, 74, 56-66. https://doi.org/10.1016/j.qref.2018.04.005
• Financial Stress Dynamics in the MENA Region: Evidence from the Arab Spring
  
  Elsayed, A. H., & Yarovaya, L. (2019). Financial Stress Dynamics in the MENA Region: Evidence from the Arab Spring. Journal of International Financial Markets, Institutions and Money, 62, 20-34. https://doi.org/10.1016/j.intfin.2019.05.004
• On the Transmission of Spillover Risks between the Housing Market, the Mortgage and Equity REITs markets, and the Stock Market
  
  Damianov, D., & Elsayed, A. (2018). On the Transmission of Spillover Risks between the Housing Market, the Mortgage and Equity REITs markets, and the Stock Market. Finance Research Letters, 27, 193-200. https://doi.org/10.1016/j.frl.2018.03.001

Other (Print)

• Effective and Successful Small Group Teaching
  
  Elsayed, A. (2016). Effective and Successful Small Group Teaching (pp. 3-4). Pedagogically speaking.