Rasmus Fatum

Professor, Alberta School of Business - Marketing, Business Economics and Law

Contact

Professor, Alberta School of Business - Marketing, Business Economics and Law
Email
rasmus.fatum@ualberta.ca
Phone
(780) 492-3951
Address
4-30H Business Building
11203 Saskatchewan Drive NW
Edmonton AB
T6G 2R6

Overview

About

Education

Ph.D. in international economics, University of California at Santa Cruz (UCSC), June 2001.

Master's degree in economics, University of Copenhagen, April 1996.

Bachelor's degree in economics, University of Copenhagen, July 1993.

Current and Previous Positions

Advisor, Bank for International Settlements, 2016 – 2018.

Department Chair, Alberta School of Business, University of Alberta, 2013 – 2018.

Professor, Alberta School of Business, University of Alberta, 2012 - present.

Visiting Scholar, Federal Reserve Bank of St. Louis, 2010.

Visiting Scholar, Bank of Japan (Institute for Monetary and Economic Studies), 2007 and 2008.

Associate Professor, Alberta School of Business, University of Alberta, 2006 - 2012

Visiting Associate Professor, Department of Economics, University of Copenhagen, 2005 - 2006.

Assistant Professor, Alberta School of Business, University of Alberta, 2001 - 2006.

Graduate Researcher, European Central Bank (ECB), 1999.

Head of Section, Danish Ministry of Economic Affairs 1996 - 1997.

Analyst Trainee, Danske Bank, 1991 - 1993.


Research

Areas of Specialization

International economics, international finance

Affiliations

Editorial Board Member of Journal of International Money and Finance (since 2013)

Research Affiliate (since 2015), Research Center for International Economics (RCIE), City University of Hong Kong

Research Affiliate (since 2014) Center for Analytical Finance (CAFIN), University of California Santa Cruz

Research Associate (since 2010), Globalization and Monetary Policy Institute, Federal Reserve Bank of Dallas

Research Associate (since 2006), Economic Policy Research Unit (EPRU), Department of Economics, University of Copenhagen

Research Associate (since 2002), Santa Cruz Center for International Economics (SCCIE), Department of Economics, University of California Santa Cruz



Teaching

Teaching Awards and Nominations

  • MacKenzie Undergraduate Teaching Award (nominated and awarded by students), 2005
  • MacKenzie School of Business Teaching Award (nominated by MBEL department), 2004

Teaching Experience

  • International Business (BUEC542), elective MBA course, University of Alberta School of Business, winter 2008, 2009, 2010, 2011, 2012, 2013, 2015, 2016, 2017, 2018.
  • Global Business Environment (BUEC646), graduate (MBA) course, University of Alberta, 2017
  • International Business (BUEC342), senior elective course, University of Alberta School of Business, spring 2004, 2005, 2007.
  • The International Business Environment (BUEC541), elective MBA course, University of Alberta School of Business, spring 2002, 2004, 2005, 2006, 2007.
  • International Monetary Economics (IME), graduate course, University of Copenhagen, fall 2005.International Business (BUEC444), senior elective course, University of Alberta School of Business, spring 2003.
  • International Financial Markets (FIN442), senior elective course, University of Alberta School of Business, fall 2001, 2002.
  • Introduction to Management Science, upper-division undergraduate course, UCSC, spring 2001.
  • International Financial Markets, upper-division undergraduate course, UCSC, spring 2000, 2001.

Courses

BUEC 542 - International Business

Provides students with an introduction to the tools they will require to succeed in the increasingly international business world. Serves as a basis for other more advanced courses in International Business, covering such topics as Country Differences, International Trade, Foreign Direct Investment, Regional Economic Integration, The Foreign Exchange Market and International Business Strategy and Operations. This course will also cover selective topics in international macro economics. Prerequisite: BUEC 502 or 503. Not open to students who have taken BUEC 541.

Winter Term 2021

Browse more courses taught by Rasmus Fatum

Scholarly Activities

Research - Publications in Refereed Journals

Beggar Thy Neighbor or Beggar Thy Domestic Firms? Evidence from 2000-2011 Chinese Customs Data (co-authored with Runjuan Liu, Jiadong Tong, and Jiayun Xu), Journal of International Economics (forthcoming).

The Exchange Rate Effects of Macro News after the Global Financial Crisis (co-authored with Yin-Wong Cheung and Yohei Yamamoto), Journal of International Money and Finance (forthcoming).

Is the Renminbi a Safe Haven? (co-authored with Yohei Yamamoto and Guozhong Zhu), Journal of International Money and Finance 79, 2017.

Intra-Safe Haven Currency Behavior During the Global Financial Crisis (co-authored with Yohei Yamamoto) Journal of International Money and Finance 66, 2016.

Foreign Exchange Intervention When Interest Rates Are Zero: Does the Portfolio Balance Channel Matter After All? Journal of International Money and Finance 58, 2015.

Large Versus Small Foreign Exchange Interventions (co-authored with Yohei Yamamoto), Journal of Banking and Finance 43, 2014.

Do Sales of Foreign Exchange Reserves Lead to Currency Appreciation? (co-authored with Kathryn Dominguez and Pavel Vacek), Journal of Money, Credit and Banking 45, 2013.

The Intraday Effects of Central Bank Intervention on Exchange Rate Spreads (co-authored with Jesper Pedersen and Peter N. Sørensen), Journal of International Money and Finance 33, 2013.

Asymmetries and State Dependence: The Impact of Macro Surprises on Intraday Exchange Rates (co-authored with Michael M. Hutchison and Thomas Wu), Journal of the Japanese and International Economies 26 (4), 2012.

Evaluating Foreign Exchange Market Intervention: Self-Selection, Counterfactuals and Average Treatment Effects (co-authored with Michael M. Hutchison), Journal of International Money and Finance 29 (3), 2010.

Real-Time Effects of Central Bank Intervention in the Euro Market (co-authored with Jesper Pedersen), Journal of International Economics 78 (1), 2009.

Monetary Policy News and Exchange Rate Responses: Do Only Surprises Matter? (co-authored with Barry Scholnick), Journal of Banking and Finance 32 (6), 2008.

Daily Effects of Foreign Exchange Intervention: Evidence from Official Bank of Canada Data, Journal of International Money and Finance 27 (3), 2008.

Do Exchange Rates Respond to Day-to-Day Changes in Monetary Policy Expectations When No Monetary Policy Changes Occur (co-authored with Barry Scholnick), Journal of Money, Credit and Banking 38 (6), 2006.

One Monetary Policy and Eighteen Central Bankers: The European Monetary Policy as a Game of Strategic Delegation, Journal of Monetary Economics 53 (4), 2006.

Effectiveness of Official Daily Foreign Exchange Market Intervention Operations in Japan (co-authored with Michael M. Hutchison), NBER Working Paper No. 9648, November 2002, included in NBER Digest, December 2003, and Journal of International Money and Finance 25 (2), 2006.

Foreign Exchange Intervention and Monetary Policy in Japan, 2003-04 (co-authored with Michael M. Hutchison), International Economics and Economic Policy 2 (2-3), 2005.

Is Sterilized Foreign Exchange Intervention Effective After All? An Event Study Approach (co-authored with Michael M. Hutchison), Economic Journal 113 (487), 2003.

Sterilized Foreign Exchange Intervention and the Euro: A Useful Policy Instrument? (co-authored with Michael M. Hutchison), Open Economies Review 13 (4), 2002.

Post-Plaza Intervention in the DEM/USD Exchange Rate, Canadian Journal of Economics 35 (3), 2002.

Is Intervention a Signal of Future Monetary Policy? Evidence from the Federal Funds Futures Market (co-authored with Michael M. Hutchison), Journal of Money, Credit and Banking 31 (1), 1999; reprinted in The International Library of Critical Writings in Financial Economics.


Research - Selected Invited Seminars and Conference Presentations

Bank of Japan, 2012; Asian Development Bank Institute, 2012; ASSA Meetings 2012; Southwest Finance Association Meetings 2012; Western Economic Association International Annual Conference, 2012; Federal Reserve Bank of Dallas, 2011; University of Copenhagen, 2011; Southwest Finance Association Meetings, 2011; Asian Development Bank Institute, 2010; Bank of Japan, 2010; Western Economic Association International Annual Conference, 2010; Federal Reserve Bank of St. Louis, 2010; Bank of Japan, 2009; Western Economic Association International Annual Conference, 2009; NBER Japan Project Meeting, 2009; Bank of Japan, 2008; Western Economic Association International Annual Conference, 2008; Trinity College Dublin Infinity Conference, 2008; Bank of Japan, 2007; Danmarks Nationalbank, 2007; CEUS Conference on Financial Market Integration in Europe, WHU Otto Beisheim School of Management, 2007; Western Economic Association International Annual Conference, 2007; University of Copenhagen, 2006; University Aix-Marseille Conference on Microstructure of Financial Markets, 2005; University of Copenhagen, 2004; Bank of Japan, 2004; Bank of Canada, 2003; Danmarks Nationalbank, 2003; University of Copenhagen, 2003; Bank of Canada, 2002; NBER Japan Project Meeting, 2002; Hamburg Institute for International Economics (HWWA) Conference on Monetary and Financial Cooperation in East Asia, 2002; University of Milan Conference on EMU Macroeconomic Policies and Institutions, 2001; European Central Bank, 1999.


Research - Working Papers and Papers under Review

Foreign Exchange Intervention When Interest Rates Are Zero: Does the Portfolio Balance Channel Matter After All? Federal Reserve Bank of Dallas, Globalization and Monetary Policy Institute Working Paper No. 57, July 2010. (Under review)

Official Japanese Intervention in the JPY/USD Exchange Rate Market: Is It Effective and Through Which Channel Does It Work?, Bank of Japan, Institute for Monetary and Economic Studies (IMES) Discussion Paper No. 2009-E-12, January 2009.

The Effectiveness of Official Foreign Exchange Intervention in a Small Open Economy: The Case of the Canadian Dollar (co-authored with Michael King), Bank of Canada Working Paper No. 2005-21, July 2005.

On the Effectiveness of Sterilized Foreign Exchange Intervention, ECB Working Paper No. 10, February 2000.