Staff profile

Arzé Karam is Director of Quantitative Research in Financial Economics, and Associate Professor in the Department of Finance at Durham University. She holds a Msc in Finance from University of Toulouse 1, and a PhD in Finance from University of Paris X.Her main research interests are in Market Microstructure and span a wide range of topics including market transparency, high frequency trading, market liquidity and systemic risks. She also conducts research in Asset Pricing, Blockchain-Based Markets, Climate Finance, Machine Learning applied to Finance, and Quantum Finance. 

Mini Biography

Arzé's main research interests are in Market Microstructure, Asset Pricing, FinTech, Data Science, Machine learning applied to Finance, Climate Finance, and Quantum Finance.

• Market Microstructure
• Blockchain-Based Markets
• Asset Pricing
• FinTech
• Climate Modelling
• Quantum Finance
• Information and Financial Markets
• Experimental Economics
• Machine Learning

Journal Article

• Non-standard errors
  
  Bogoev, D., Karam, A., & et al. (2024). Non-standard errors. Journal of Finance, 79(3), 2339-2390. https://doi.org/10.1111/jofi.13337
• Two-period duopolies with forward markets
  
  Cox, C., Karam, A., & Pelster, M. (2022). Two-period duopolies with forward markets. Review of Industrial Organization, 60(1), 29-62. https://doi.org/10.1007/s11151-021-09839-6
• Dealers' incentives to reveal their names
  
  Karam, A. (2022). Dealers’ incentives to reveal their names. Financial Review, 57(1), 27-44. https://doi.org/10.1111/fire.12229
• The effects of intraday news flow on Dealers' Quotations, Market Liquidity, and Volatility
  
  Karam, A. (2018). The effects of intraday news flow on Dealers’ Quotations, Market Liquidity, and Volatility. International Journal of Finance and Economics, 23(4), 492-503. https://doi.org/10.1002/ijfe.1634
• The effects of intraday news flow on market liquidity, price volatility and trading activity
  
  Karam, A. (2017). The effects of intraday news flow on market liquidity, price volatility and trading activity. Economics Bulletin, 37(4), 2354-2363.
• Detection of algorithmic trading
  
  Bogoev, D., & Karam, A. (2017). Detection of algorithmic trading. Physica A: Statistical Mechanics and Its Applications, 484, 168-181. https://doi.org/10.1016/j.physa.2017.04.157
• Social preferences and cooperation in simple social dilemma games
  
  Cox, C., Karam, A., & Murphy, R. (2017). Social preferences and cooperation in simple social dilemma games. Journal of Behavioral and Experimental Economics, 69, 1-3. https://doi.org/10.1016/j.socec.2017.05.002

Working Paper

• Intraday Momentum Trading and Liquidity Crises
  
  Bogoev, D., & Karam, A. (2023). Intraday Momentum Trading and Liquidity Crises.
• European Gas Markets, Trading Hubs, and Price Formation: A Network Perspective, Cambridge Working Papers in Economics CWPE 1964 / Electricity Policy Research Group Working Paper EPRG 1922, May, Faculty of Economics, University of Cambridge.
  
  Woroniuk, D., Karam, A., & Jamasb, T. (2019). European Gas Markets, Trading Hubs, and Price Formation: A Network Perspective, Cambridge Working Papers in Economics CWPE 1964 / Electricity Policy Research Group Working Paper EPRG 1922, May, Faculty of Economics, University of Cambridge.