Contact
Associate Professor, Alberta School of Business - Department of Finance
- akaul@ualberta.ca
- Phone
- (780) 492-5027
- Address
-
2-32M Business Building
11203 Saskatchewan Drive NWEdmonton ABT6G 2R6
Overview
About
Education
BA Economics, Delhi University, 1985
MBA, Delhi University, 1987
MS Applied Economics, University of Rochester, 1992
PhD, University of Rochester, 1998
Research
Research Interests
- Market Microstructure
- International Finance
- Asset Pricing
- Volatility in Financial Markets
Teaching
Primary Teaching Areas
- Introductory Finance
- Market Microstructure
- International Fiance
- Investments
Classes
- Finance 442 - International Financial Markets
- Finance 644 - International Finance
Courses
FIN 806 - Investments
This course is concerned with investment in stocks, bonds and other financial assets. Topics include, but are not limited to, interest rates, risk-return relationships, investment valuation, and market information and efficiency. Restricted to students registered in the MFM Program.
FIN 866 - International Finance
The objective of this course is to acquaint students with macro and micro aspects of international finance. At the macro level coverage will include theories of direct investment, the international monetary mechanism, foreign exchange markets, and repercussions from balance of payments difficulties. Micro level materials will include problems of doing business internationally and a survey of public and private foreign and international finance institutions. The final part of the course will review Canada's role in international business. Restricted to students registered in the MFM Program.
Scholarly Activities
Research - Publications
"Exchange rate variability and the riskiness of U.S. multinational firms: Evidence from the breakdown of the Bretton Woods system," with G.M. Bodnar (Wharton) and E. Bartov (NYU), Journal of Financial Economics, 42, 105-132 (September 1996).
Research - Research In Progress
"Inelastic supply of derivative securities: Evidence from the option markets," with R.M. Edelen (Wharton).
"Demand curves for stocks do slope down: Evidence from an index weights readjustment," with V. Mehrotra and R. Morck (University of Alberta).
"Market activity before volatile periods: A reassessment of the non-trading risk hypothesis."
"Private Information, Noisy Prices, and Trading: A Closer Look."