FIELDS OF INTEREST: Major: Monetary Macroeconomics, Applied Econometrics Minors: International Finance and Payments, Development Economics

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1 EHSAN AHMED Professor and Head Economics Department James Madison University MSC 0204, Harrisonburg, VA Phone: , Fax: AWARDS: 1. Recipient of Madison Scholar Award James Madison University, College of Business, James Madison University. (Madison Lecture delivered in College of Business, fall 2002: Title Islamic Economics: Past, Present and Future). 2. Community Service Award, College of Business, James Madison University, Business Community Service Award, , College of Business, James Madison University. FIELDS OF INTEREST: Major: Monetary Macroeconomics, Applied Econometrics Minors: International Finance and Payments, Development Economics DISSERTATION: Title: "The Relative Effectiveness of Fiscal and Monetary Policies Reconsidered." PUBLICATIONS: 1. Financial Development and Bubbles: The Case of the Karachi Stock Exchange of Pakistan Co-authored, Journal of Emerging Markets, Summer 2010, Volume 15, Number 2, pp Emerging Markets and Stock Market Bubbles: Nonlinear Speculation? Coauthored, Emerging Markets Finance and Trade, July-August 2010, Volume 46, No 04, pp Nonlinear Bubbles in Chinese Stock market in the 1990 s, Co-authored, Eastern Economic Journal, winter 2006, Volume 32, Number 1, pp Multiple Unofficial Economy Equilibria and Income Distribution Dynamics in Systemic Transition (with Barkley Rosser and Marina Rosser), Journal of Post Keynesian Economics, (2003), Volume 25, No. 3, pp Volatility Via Social Flaring (With Barkley Rosser and George Hartman), Journal of Economics Organization and Behavior (2003), Volume 50, No. 1, pp Income Inequality and the Informal Economy in Transitional Economies, Coauthored, Journal of Comparative Economics. (2000), 28, pp

2 7. "State-Space Estimation of Rational Bubbles in the Yen/Deutschemark Exchange Rate" (Co-authored), Weltwirtschafliches Archiv (1999), Vol. 135(2), pp "The Effects of Labor Markets and Income Inequality on Crime: Evidence from Panel Data", (Co-authored), Southern Economic Journal (1999), Volume 65, Number 4, pp "Evidence of Nonlinear Speculative Bubbles in Pacific-Rim Markets", The Quarterly Review of Economics and Finance, (1999), Volume 39, No. 1, pp "Complex Bubbles Persistence in Closed-End Country Funds." (Co-authored), Journal of Economic Behavior and Organization, Volume 32, 1997, pp "Asset Speculative Bubbles in Emerging Markets: The Case of Pakistan." (Co-authored), Pakistan Economic and Social Review, Volume XXXIV, No 2, Winter 1996 pp "Nonlinear Speculative Bubbles in the Pakistani Stock Market." Pakistan Development Review (co-authored) spring Volume 34, Number 1, pp "Identifying Potential Benefits of International Portfolio Diversification: Sub-Saharan Economies." (Co-authored), Journal of African Finance and Development, spring Reviewing an Economics Curriculum in the Context of University-Wide Reforms." (Coauthored), Journal of General Education, Volume 41, "The Proposed Virginia Coal Slurry Pipeline and its Employment Effects on the Railroad Industry". (Co-authored), Journal of Applied Business Research, Fall 1990, pp "Modeling Interest-Free Economy: A Study in Macroeconomics and Development." Comments, The Journal of Islamic Social Sciences, March "A Comparison of National and International Aggregate Supply and Demand VAR Models: The United States, Japan and the European Community". (Co-authored), Weltwirtschaftliches, Archiv, Band, Heft 2, 1989, pp A Global Model of OECD Aggregate Supply and Demand Using Vector Autoregressive Techniques". (Co-authored), The European Economic Review, 32, 1988, pp "Estimating Individual Recreational Benefits Under Congestion and Uncertainty." (Coauthored), Journal of Leisure Research, 1988, Vol. 20, No 4, pp

3 20. "Saint Louis Equation Restrictions and Criticisms Revisited." (Co-authored), Journal of Money, Credit and Banking, November, 1984, pp "Production Functions and Input Elasticities in the Supply of Low Cost Housing: A Survey of Building Firms in Six Developing Countries." Pakistan Development Review, Winter 1982, pp COMMENTS/BOOK REVIEWS: 22. "Financial Reform: Theory and Experience", Journal of Economics (Zeitschrift fur Nationnalokonomie), Vol. 74, No. 2 (2001) pp Financial Reform: Theory and Experience, Journal of Behavior and Organization, 34 (3) 1998, pp Islam and Economic Development in Humanomics, Volume 11, Number 3, Pp BOOKS: 25. Role of Private and Public Sectors in Economic Development in an Islamic Perspective, Edited by Ehsan Ahmed, published by International Institute of Islamic Thought, Reston, Virginia, Economic Growth and Human Resource Development in an Islamic Perspective, Edited by Ehsan Ahmed, Published by International Institute of Islamic Thought, Virginia, 1993 BOOK CHAPTER: 27. Income Inequality, Corruption, and the Non-Observed Economy, (2007) (Coauthored), in Complexity and the Design of Economic Policy, edited by Massimo Salzano and David Colander, Springer Publishers. Pp WORKING AND PROCEEDINGS PAPERS: 28. "International Portfolio Diversification and African Economies: Evidence from Daily Data." (Co-authored), Research Publication No. RM 91-6E; Center For Economic Research on Africa, Montclair State College, New Jersey, September "Long Term Distributed Lag Effects of Budget Deficits on Interest Rates and Exchange Rates", (co-authored), Proceedings of First Annual Symposium of the Institute of International Competitiveness, July "A Global Aggregate Supply and Demand Using Vector Autoregressive Techniques." (Co-authored), Federal Reserve Bank of St. Louis, Research paper No , April "Growth Experience in Semi-Industrialized Europe." (Co-authored), James Madison University working paper, 1986 MOST RECENT CONFERENCE PRESENTATIONS: 3

4 32. Cooperative Home Financing, (co-authored) at 2006 Society for Computational Economics (SCE) Meeting, Limassol, Cyprus 33. Income Inequality, Corruption, and the Non-Observed Economy: A Global Perspective, (with Barkley Rosser and Marina V. Rosser), Southern Economic Association, San Antonio, November 2003; Eastern Economic Association, Washington, February 2004; Conference on New Economic Windows II: Complexity Hints and Economic Policy Design, Salerno, Italy, September, 2004; Association for Comparative Economics, Philadelphia, January Multiple Unofficial Economy Equilibria and Income Distribution Dynamics in Systemic Transition (with Barkley Rosser and Marina V. Rosser) Second International Conference on Discrete Chaotic Dynamics in Nature and Society, Odense, Denmark, May 2000, Sixth Post Keynesian Workshop, Knoxville, June 2000, Southern Economic Association, Crystal City, November 2000, Association for Comparative Economic Studies, Atlanta, January 2002, Eastern Economic Association, Boston, March, 2002, and Conference on Macrodynamic Modeling, UNAM, Mexico City, March Volatility Via Social Flaring (With Barkley Rosser and George Hartman), Presented at the Ninth Annual Symposium of the Society For Nonlinear Dynamics and Econometrics, at the Atlanta Federal Reserve, March Nonlinear Bubbles in Chinese Stock Markets in the 1990 s, coauthored, Presented at the Eastern Economic Associations Meetings held in March Evidence of Nonlinear Speculative Bubbles in Pacific-Rim countries, at the Symposium on Non-Linear Dynamics and Econometrics at the Eastern Economic Association s meetings, held in April "State-Space Examination of Bubbles in Exchange Rates" (with S. Kirk Elwood and Barkley Rosser), Eastern Economic Association, New York, February A State-Space Analysis of Bubbles in Exchange Rates, presented at Southern Economic Association meetings held in November 1996, in Washington, D.C. 40. Age and Arrest Rates A Case Study of Demographics and Economics in the U.S., presented at the Southern Economic Association meetings held in November 1997 Washington, D.C. 41. Nonlinear Speculative Bubbles in Selected Stock Markets, co-authored, Presented at Southern Economic Association in New Orleans, November Speculative Bubbles in Emerging Stock Markets: The Case of Pakistan. (Co-authored), presented at the Symposium on Non-Linear Dynamics and Econometrics, Eastern 4

5 Economics Association meeting in New York, March "Nonlinear Speculative Bubbles in the Pakistani Stock Market", copresented at the Eastern Economic Association meetings in Boston, March "Complex Bubble Persistence in Closed-End Country Funds," (with Ehsan Ahmed, Roger Koppl, and Mark White), Eastern Economic Association, Boston, March 1994, also presented at Claude Fourgeaud Seminar in Economic Theory, Paris, November 1994, Cranfield University, England, December 1994, Middlebury College, April 1995, University of technology-sydney, Australia, May "Nonlinear Bubbles in Exchange Rates" copresented at the Southern Economic Association meeting in Washington D. C., November "Instability in Sect oral and Component Disaggregate Money Demand Functions." Presented at the Atlantic Economic Society Meeting, October "Chaotic Bubbles in Foreign Exchange Rates" (with Melvin Ayogu and Barkley Rosser). Presented at the American Economic Association Meeting, December "Identifying Potential Benefits of International Portfolio Diversification: Sub Saharan Economies" (with Ayogu). Presented at the AEA, December "Budget Deficits, Exchange Rates and Interest Rates" (with Debra Stevens). Presented at the Eastern Economic Association, March "Disaggregated Money Demand." (Co-authored) Eastern Economic Association, March "On the Simultaneous Estimation of Willingness to Pay under Congestion," (with Ray Prince). Southern Economic Association, November

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