Valentina Galvani, Ph.D. in Economics, MSc in Economics, Doctoral Degree in Mathematical Finance, Laurea (BS+MS) in Mathematics

Associate Professor, Faculty of Arts - Economics Dept
Associate Chair(Undergraduate), Faculty of Arts - Economics Dept

Contact

Associate Professor, Faculty of Arts - Economics Dept
Email
valentina.galvani@ualberta.ca
Phone
(780) 492-1477
Address
7-27 Tory (H.M.) Building
11211 Saskatchewan Drive NW
Edmonton AB
T6G 2H4

Associate Chair(Undergraduate), Faculty of Arts - Economics Dept
Email
valentina.galvani@ualberta.ca

Overview

About

Currently I hold the position of Associate Professor, with tenure, in the Department of Economics at the University of Alberta (Canada). I hold the Italian and Canadian citizenship. I have two kids.



Research

My research expertise and training are those of a Financial Economist. I joined the University of Alberta in 2005, right after completing my Ph.D. in Economics (with a concentration in Financial Economics) at the Krannert School of Business (Purdue University). I obtained my Master's in Economics at the same institution in 2003. Previously, I earned an Italian Doctoral degree in Mathematical Finance (2002) from the University of Brescia (Italy).

My early research contributions, stemming from my doctoral work, are in the field of General Equilibrium in asset markets for infinite-dimensional spaces (Lp spaces). Currently, my main focus of research is information diffusion in the corporate bond market, value investing, and securities taxation. 

Since 2015, I maintain an outreach research agenda jointly with ATB Financial (a local financial institution) on credit risk management.

Courses

ECON 387 - Applications of Mathematics to Economics II

Difference and differential equations, linear inequalities, convexity, programming; assorted theorems of special use in modern economic analysis. Prerequisites: ECON 109 and ECON 386.

Winter Term 2022
ECON 542 - Economics of Financial Markets

The course surveys Asset Pricing Theory with an emphasis on the utility-based discount-factor approach. The discount factor provides a unifying framework for the evaluation of most classes of assets including stocks, bonds, and derivatives. In particular, the course reviews mean- variance analysis, factor pricing, discrete time models, and classical results in continuous time, such as the Black and Scholes option Pricing Formula. These theoretical models are also illustrated by empirical applications.

Winter Term 2022
ECON 900A - Directed Research Project

Fall Term 2021
ECON 900B - Directed Research Project

Fall Term 2021
WKEXP 812 - Arts Graduate Work Experience II

Equivalent to *6 for registration status for Graduate Students in course-based programs in the Faculty of Arts undertaking internships outside of the GSIP. A maximum of three registrations is permitted, for Economics students, in Arts Graduate Work Experience courses.

Fall Term 2021
WKEXP 813 - Arts Graduate Work Experience III

Equivalent to *9 for registration status for Graduate Students in course-based programs in the Faculty of Arts undertaking internships outside of the GSIP. A maximum of three registrations is permitted, for Economics students, in Arts Graduate Work Experience courses.

Fall Term 2021 Winter Term 2022

Browse more courses taught by Valentina Galvani

Scholarly Activities

Research - Principal investigator, MITACS Accelerate Research Projects, partnered with local banks (2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021).

Research projects partnered with business partners in the financial sector. Graduate student internships constitute a crucial part of each phase of these projects. 

Publications

Informed Trading and Momentum in the Corporate Bond Market
Author(s): Valentina Galvani and Lifang Li
Publication Date: 12/25/2020
Publication: Review of Finance

Does Style Investing Uniformly Affect Correlations in Small and Large Markets?
Author(s): Valentina Galvani
Publication Date: 8/30/2020
Publication: Heliyon
Volume: Forthcoming

The Value Premium During Flights
Author(s): Valentina Galvani
Publication Date: 6/12/2020
Publication: Finance Research Letters
External Link: https://doi.org/10.1016/j.frl.2020.101606
Market states, sentiment, and momentum in the corporate bond market
Author(s): Valentina Galvani and Lifang Li
Publication Date: 4/2/2018
Publication: Journal of Banking & Finance
Volume: 89
Page Numbers: 249-265
External Link: https://doi.org/10.1016/j.jbankfin.2018.02.007
Firm-specific Stock and Bond Predictability: New Evidence from Canada
Author(s): Cao, Ning, Galvani, Valentina, and Stefano, Gubellini
Publication Date: 9/9/2017
Publication: International Review of Economics and Finance
Volume: 51
External Link: https://doi.org/10.1016/j.iref.2017.05.007
Mean-Variance Dominant Trading Strategies
Author(s): Valentina Galvani and Stefano Gubellini
Publication Date: 12/9/2013
Publication: Finance Research Letters
Volume: 10
Issue: 3
External Link: https://doi.org/10.1016/j.frl.2013.05.005
Spanning with futures contracts
Author(s): Valentina Galvani André Plourde
Publication Date: 12/2/2013
Publication: The Quarterly Review of Economics and Finance
Volume: 53
Issue: 1
External Link: https://doi.org/10.1016/j.qref.2012.10.001
Riding the yield curve: a spanning analysis
Author(s): Riding the Yield Curve: A Spanning Analysis
Publication Date: 2013
Publication: Review of Quantitative Finance and Accounting
Volume: 53
Issue: 1
External Link: https://doi.org/10.1007/s11156-011-0267-7
Options and efficiency in spaces of bounded claims
Author(s): ValentinaGalvani Vladimir G.Troitsky
Publication Date: 7/20/2010
Publication: Journal of Mathematical Economics
Volume: 46
Issue: 4
External Link: https://doi.org/10.1016/j.jmateco.2010.05.004
Portfolio Diversification in Energy Markets
Author(s): Galvani, V. and A. Plourde
Publication Date: 2010
Publication: Energy Economics
Volume: 32
Issue: 2
External Link: https://doi.org/10.1016/j.eneco.2009.05.015
Diversification Gains in the Market for Provincial Bonds
Author(s): Valentina Galvani and Aslan Behnamian
Publication Date: 12/9/2008
Publication: Quarterly Journal of Finance and Accounting
Volume: 47
Issue: 4
External Link: https://www.jstor.org/stable/40473471
Option Spanning with Exogenous Information Structure
Author(s): Galvani, V.
Publication Date: 2008
Publication: Journal of Mathematical Economics
Volume: 45
Issue: 1-2
External Link: https://doi.org/10.1016/j.jmateco.2008.06.004
A note on Spanning with Options
Author(s): Valentina Galvani
Publication Date: 12/7/2007
Publication: Mathematical Social Sciences
Volume: 54
Issue: 1
External Link: https://doi.org/10.1016/j.mathsocsci.2007.03.002
Underlying Assets for Which Options Complete the Market
Author(s): Valentina Galvani
Publication Date: 3/15/2007
Publication: Finance Research Letters
Volume: 4
Issue: 1
External Link: https://doi.org/10.1016/j.frl.2006.07.002