Tigran Poghosyan
Last Updated: November 20, 2012
Tigran Poghosyan is an Economist at the Fiscal Affairs Department of the International Monetary Fund. His research interests include International Finance, Banking, and Fiscal Federalism.
Email: tpoghosyan@imf.org
Fluent In: Russian.
Education:
2009: Ph.D. Economics, University of Groningen
2008: Ph.D. Economics, CERGE-EI (Accredited by the New York State Board of Regents)
2005: M.A. Economics, CERGE-EI (Accredited by the New York State Board of Regents)
2003: Candidate of Science, Economic Research Institute of the Ministry of Finance of Armenia
Previous Experience:
2009-present: Economist Program (EP), Fiscal Affairs Department, International Monetary Fund
2007: Visiting Researcher, Research Department, Deutsche Bundesbank
1999-2003: Economist/Senior Economist, Monetary Policy Department, Central Bank of Armenia
Refereed Activities:
Journal of Banking and Finance, Journal of Financial Services Research, Economics of Transition, Empirical Economics, Journal of International Financial Markets, Institutions & Money, Emerging Markets Finance and Trade, Czech Journal of Economics and Finance
IMF Books and Working Papers:
Taxation and Leverage in International Banking, Working Paper No. 12/281, November 30, 2012
Long-Run and Short-Run Determinants of Sovereign Bond Yields in Advanced Economies, Working Paper No. 12/271, November 08, 2012
Financial Intermediation Costs in Low-Income Countries: The Role of Regulatory, Institutional, and Macroeconomic Factors, Working Paper No. 12/140, May 01, 2012
Assessing the Variability of Tax Elasticities in Lithuania, Working Paper No. 11/270, November 01, 2011
Spatial Spillovers in Emerging Market Spreads, Working Paper No. 11/221, September 01, 2011
An Estimated Dynamic Stochastic General Equilibrium Model of the Jordanian Economy, Working Paper No. 11/28, February 01, 2011
Determinants of the Foreign Exchange Risk Premium in Gulf Cooperation Council Countries, Working Paper No. 10/255, November 01, 2010
Slowdown of Credit Flows in Jordan in the Wake of the Global Financial Crisis: Supply or Demand Driven?, Working Paper No. 10/256, November 01, 2010
House Price Determinants in Selected Countries of the Former Soviet Union, Working Paper No. 10/104, April 01, 2010
Recovery Determinants of Distressed Banks: Regulators, Market Discipline, or the Environment?, Working Paper No. 10/27, January 01, 2010
Oil Prices and Bank Profitability: Evidence from Major Oil-Exporting Countries in the Middle East and North Africa, Working Paper No. 09/220, October 01, 2009
Distress in European Banks: An Analysis Based on a New Dataset, Working Paper No. 09/9, January 01, 2009
Articles
"Determinants of Cross-Border Bank Acquisitions in Transition Economies: A Latent Class Analysis", with Jakob de Haan, Economics of Transition, 18(4), 2010: pp. 671-696
"Real Estate Prices and Bank Stability", with Michael Koetter, Journal of Banking and Finance, 36(4), 2010: pp. 1129-1138
"Foreign Bank Entry, Bank Efficiency and Market Power in Central and Eastern European Countries", with Arsen Poghosyan, Economics of Transition, 18(3), 2010: pp. 571-598
"Heterogeneity of Technological Regimes and Banking Efficiency in Emerging Economies", with Subal Kumbhakar, Journal of Productivity Analysis, 33(1), 2010: pp. 19-31
"Macroeconomic Sources of Foreign Exchange Risk in New EU Members", with Evzen Kocenda, Journal of Banking and Finance, 33(11), 2009: pp. 2164-2173
"Differences in Technology Regimes and the Market Power-Fragility Nexus in Banking", with Michael Koetter, Journal of Banking and Finance, 33(8), 2010: pp. 1413-1422
"Are “New” and “Old” EU Members Becoming More Financially Integrated? A Threshold Cointegration Analysis", International Economics and Economic Policy, 6(3), 2009: pp. 259-283
"Modeling Foreign Exchange Risk Premium in Armenia", with Evzen Kocenda and Petr Zemcík, Emerging Markets Finance and Trade, 89(1), 2008: pp. 119-136
"Reexamining the Impact of Foreign Bank Participation on Interest Margins in Emerging Markets", Emerging Markets Review, 11(4), 2010: pp. 390-403
"Exchange Rate Risk in Central European Countries", with Evzen Kocenda, Czech Journal of Economics and Finance (Finance a uver), 60(1), 2010: pp. 22-39
"Determinants of Bank Interest Margins in Russia: Does Bank Ownership Matter?", with Zuzana Fungácová, Economic Systems, 35, 2011: pp. 481-495
"Determinants of Bank Distress in Europe: Evidence from a New Data Set", with Martin Cihak, Journal of Financial Services Research, 40(3), 2011: pp. 163-184
"Slowdown of Credit Flows in Jordan in the Wake of the Global Financial Crisis: Supply or Demand Driven?", Economic Systems, 35, 2011: pp. 562-573
"Bank Size, Market Concentration, and Bank Earnings Volatility in the US", jointly with Jakob De Haan, Journal of International Financial Markets, Institutions & Money, 22, 2012: pp. 35-54
"Determinants of the Foreign Exchange Risk Premium in the Gulf Cooperation Council Countries", Review of Middle East Economics and Finance, 7(3), 2012: pp. 1-26
"Size and Earnings Volatility of US Bank Holding Companies", jointly with Jakob De Haan, Journal of Banking and Finance, 36(11): pp. 3008-3016
"Financial Intermediation Costs in Low-Income Countries: The Role of Regulatory, Institutional, and Macroeconomic Factors", Economic Systems (forthcoming)
"Spatial Spillovers in Emerging Market Spreads", jointly with Emanuele Baldacci and Salvatore Dell'Erba, Empirical Economics (forthcoming)
Other/Non-IMF Publications
"Determinants of Bank Interest Margins in Russia: Does Bank Ownership Matter?", with Zuzana Fungacova, BOFIT Discussion Paper No. 22-2009
"Determinants of Cross-Border Bank Acquisitions in Transition Economies: A Latent Class Analysis", with Jakob de Haan, CESifo Working Paper No. 2372
"Real Estate Markets and Bank Distress", with Michael Koetter, Deutsche Bundesbank Discussion Paper No. 18-2008
"The Implications of Latent Technology Regimes for Competition and Efficiency in Banking", with Michael Koetter, Deutsche Bundesbank Discussion Paper No. 15-2008
"Banking Efficiency in Emerging Economies: The Impact of Ownership Endogeneity and EU Accession", with Jaroslav Borovicka, CERGE-EI Discussion Paper No. 2007-189
"Macroeconomic Sources of Foreign Exchange Risk in New EU Members", with Evzen Kocenda, William Davidson Institute Working Paper No. 898
"Interest Rate Linkages in EMU Countries: A Rolling Threshold Vector Error-Correction Approach", with Jakob de Haan, CESifo Working Paper No. 2060
"Foreign Exchange Risk Premium Determinants: Case of Armenia", with Evzen Kocenda, William Davidson Institute Working Paper No. 811
"Bank Size, Market Concentration, and Bank Earnings Volatility in the US", jointly with Jakob De Haan, DNB Working Paper No. 282
Tigran Poghosyan is an Economist at the Fiscal Affairs Department of the International Monetary Fund. His research interests include International Finance, Banking, and Fiscal Federalism.
Email: tpoghosyan@imf.org
Fluent In: Russian.
Education:
2009: Ph.D. Economics, University of Groningen
2008: Ph.D. Economics, CERGE-EI (Accredited by the New York State Board of Regents)
2005: M.A. Economics, CERGE-EI (Accredited by the New York State Board of Regents)
2003: Candidate of Science, Economic Research Institute of the Ministry of Finance of Armenia
Previous Experience:
2009-present: Economist Program (EP), Fiscal Affairs Department, International Monetary Fund
2007: Visiting Researcher, Research Department, Deutsche Bundesbank
1999-2003: Economist/Senior Economist, Monetary Policy Department, Central Bank of Armenia
Refereed Activities:
Journal of Banking and Finance, Journal of Financial Services Research, Economics of Transition, Empirical Economics, Journal of International Financial Markets, Institutions & Money, Emerging Markets Finance and Trade, Czech Journal of Economics and Finance
IMF Books and Working Papers:
Taxation and Leverage in International Banking, Working Paper No. 12/281, November 30, 2012
Long-Run and Short-Run Determinants of Sovereign Bond Yields in Advanced Economies, Working Paper No. 12/271, November 08, 2012
Financial Intermediation Costs in Low-Income Countries: The Role of Regulatory, Institutional, and Macroeconomic Factors, Working Paper No. 12/140, May 01, 2012
Assessing the Variability of Tax Elasticities in Lithuania, Working Paper No. 11/270, November 01, 2011
Spatial Spillovers in Emerging Market Spreads, Working Paper No. 11/221, September 01, 2011
An Estimated Dynamic Stochastic General Equilibrium Model of the Jordanian Economy, Working Paper No. 11/28, February 01, 2011
Determinants of the Foreign Exchange Risk Premium in Gulf Cooperation Council Countries, Working Paper No. 10/255, November 01, 2010
Slowdown of Credit Flows in Jordan in the Wake of the Global Financial Crisis: Supply or Demand Driven?, Working Paper No. 10/256, November 01, 2010
House Price Determinants in Selected Countries of the Former Soviet Union, Working Paper No. 10/104, April 01, 2010
Recovery Determinants of Distressed Banks: Regulators, Market Discipline, or the Environment?, Working Paper No. 10/27, January 01, 2010
Oil Prices and Bank Profitability: Evidence from Major Oil-Exporting Countries in the Middle East and North Africa, Working Paper No. 09/220, October 01, 2009
Distress in European Banks: An Analysis Based on a New Dataset, Working Paper No. 09/9, January 01, 2009
Articles
"Determinants of Cross-Border Bank Acquisitions in Transition Economies: A Latent Class Analysis", with Jakob de Haan, Economics of Transition, 18(4), 2010: pp. 671-696
"Real Estate Prices and Bank Stability", with Michael Koetter, Journal of Banking and Finance, 36(4), 2010: pp. 1129-1138
"Foreign Bank Entry, Bank Efficiency and Market Power in Central and Eastern European Countries", with Arsen Poghosyan, Economics of Transition, 18(3), 2010: pp. 571-598
"Heterogeneity of Technological Regimes and Banking Efficiency in Emerging Economies", with Subal Kumbhakar, Journal of Productivity Analysis, 33(1), 2010: pp. 19-31
"Macroeconomic Sources of Foreign Exchange Risk in New EU Members", with Evzen Kocenda, Journal of Banking and Finance, 33(11), 2009: pp. 2164-2173
"Differences in Technology Regimes and the Market Power-Fragility Nexus in Banking", with Michael Koetter, Journal of Banking and Finance, 33(8), 2010: pp. 1413-1422
"Are “New” and “Old” EU Members Becoming More Financially Integrated? A Threshold Cointegration Analysis", International Economics and Economic Policy, 6(3), 2009: pp. 259-283
"Modeling Foreign Exchange Risk Premium in Armenia", with Evzen Kocenda and Petr Zemcík, Emerging Markets Finance and Trade, 89(1), 2008: pp. 119-136
"Reexamining the Impact of Foreign Bank Participation on Interest Margins in Emerging Markets", Emerging Markets Review, 11(4), 2010: pp. 390-403
"Exchange Rate Risk in Central European Countries", with Evzen Kocenda, Czech Journal of Economics and Finance (Finance a uver), 60(1), 2010: pp. 22-39
"Determinants of Bank Interest Margins in Russia: Does Bank Ownership Matter?", with Zuzana Fungácová, Economic Systems, 35, 2011: pp. 481-495
"Determinants of Bank Distress in Europe: Evidence from a New Data Set", with Martin Cihak, Journal of Financial Services Research, 40(3), 2011: pp. 163-184
"Slowdown of Credit Flows in Jordan in the Wake of the Global Financial Crisis: Supply or Demand Driven?", Economic Systems, 35, 2011: pp. 562-573
"Bank Size, Market Concentration, and Bank Earnings Volatility in the US", jointly with Jakob De Haan, Journal of International Financial Markets, Institutions & Money, 22, 2012: pp. 35-54
"Determinants of the Foreign Exchange Risk Premium in the Gulf Cooperation Council Countries", Review of Middle East Economics and Finance, 7(3), 2012: pp. 1-26
"Size and Earnings Volatility of US Bank Holding Companies", jointly with Jakob De Haan, Journal of Banking and Finance, 36(11): pp. 3008-3016
"Financial Intermediation Costs in Low-Income Countries: The Role of Regulatory, Institutional, and Macroeconomic Factors", Economic Systems (forthcoming)
"Spatial Spillovers in Emerging Market Spreads", jointly with Emanuele Baldacci and Salvatore Dell'Erba, Empirical Economics (forthcoming)
Other/Non-IMF Publications
"Determinants of Bank Interest Margins in Russia: Does Bank Ownership Matter?", with Zuzana Fungacova, BOFIT Discussion Paper No. 22-2009
"Determinants of Cross-Border Bank Acquisitions in Transition Economies: A Latent Class Analysis", with Jakob de Haan, CESifo Working Paper No. 2372
"Real Estate Markets and Bank Distress", with Michael Koetter, Deutsche Bundesbank Discussion Paper No. 18-2008
"The Implications of Latent Technology Regimes for Competition and Efficiency in Banking", with Michael Koetter, Deutsche Bundesbank Discussion Paper No. 15-2008
"Banking Efficiency in Emerging Economies: The Impact of Ownership Endogeneity and EU Accession", with Jaroslav Borovicka, CERGE-EI Discussion Paper No. 2007-189
"Macroeconomic Sources of Foreign Exchange Risk in New EU Members", with Evzen Kocenda, William Davidson Institute Working Paper No. 898
"Interest Rate Linkages in EMU Countries: A Rolling Threshold Vector Error-Correction Approach", with Jakob de Haan, CESifo Working Paper No. 2060
"Foreign Exchange Risk Premium Determinants: Case of Armenia", with Evzen Kocenda, William Davidson Institute Working Paper No. 811
"Bank Size, Market Concentration, and Bank Earnings Volatility in the US", jointly with Jakob De Haan, DNB Working Paper No. 282