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Johannes Jüttner


Formal Name: D. Johannes Jüttner

Personal Title : Professor of International Finance

Position: Emeritus Professor

Organisational Unit: Department of Economics

Qualifications: DipRerPol Saar, DrRerPol Tübingen

Email: jjuttner@efs.mq.edu.au

Profile

Professor Jüttner's teaching at Macquarie University focused on international and corporate finance, having also taught in Europe and the US. He obtained his PhD from the University of Tübingen/Germany and has twelve books and more than 80 articles in academic journals and professional publications to his credit.

He has acted as a consultant to the OECD/Paris, the German Council of Economic Experts, the Australian Financial Systems Inquiry, Research Foundations and private sector firms. Professor Jüttner worked as an Assessor for the Social Sciences and Humanities Research Council of Canada. He held several visiting professorships at universities in the US and Europe and spent some time as guest scholar-cum-consultant at the Deutsche Bundesbank in Frankfurt. During the academic year 2002/03 he held the Reinhard-Selten Visiting Professorship at the University of Magdeburg/Germany.

He attended and presented papers at such international refereed conferences as:

  • 52nd International Atlantic Economic Conference, 2001 Philadelphia/US. Paper: "Profitability and Competition in Banking Markets: A Cross-Country Approach"
  • FMA European Conference, Copenhagen/Denmark, 2002 Paper: "Global Competition, Fee Income and Interest Rate Margins of Banks" www.fma.org/Copenhagen/copenhagen.htm
  • 9th Symposium on Finance, Banking and Insurance, 2002 Karlsruhe University, Paper: "Competition in the General Insurance Industry".
  • Australasian Finance and Banking Conference with two accepted papers: (1) Towards Decoding Currency Volatilities (2) Emerging Market Bond Returns - An Investor Perspective, December 2004, Sydney/Australia.
  • European Financial Management Association Conference in Milano/Italy, June/July 2005. Two paper presented and participation as Discussant and Session Chair.
  • INFINITI Conference on  International  Finance, Dublin, 2006, paper presented, Session Chair and Discussant
Professor Jüttner retired from Macqaurie University in 2007.

Committee/Board Membership/Journal Referee

  • The Conference Program Review Committee of the Financial Management Association
  • Editorial board member of Economic Analysis and Policy, and
  • Guest editor of a special issue on International Taxation and Foreign Investments.

His journal referee and reviewer services include:

  • Review of Industrial Organization
  • Journal of Financial Markets, Institutions and Money
  • Kredit und Kapital
  • The Journal of Applied Economics
  • Journal of Macroeconomics
  • The Economic Record
  • Australian Economic Papers
  • Economic Analysis and Policy
  • Accounting and Finance
  • AGENDA and
  • as a book proposal reviewer for Routledge.

Research

Research Specialties

  • Exchange rate economics
  • Financial and credit risk management
  • Credit risk ratings
  • Currency intervention
  • Foreign direct investment
  • International taxation

Current Research Grants/Projects

Professor Jüttner has completed work on a large research project entitled "Credit Risk Management and Competition in Banking". The project was supported by a large research grant form the Volkswagen Research Foundation and matching Research Quantum Funds. The published output associated with the project is listed in the Publications section.

Recent Ph. D. Completion

  • Mike Mollemans, "Announcement effects in the Japanese Capital Market", 2006

Publications

Books

  • International Finance and Global Investments, 4th ed. Addison Wesley Longman Australia, Melbourne, 2000, xvi + 658 pp.
  • Solutions Manual and Testbank, International Finance and Global Investments, 4th ed. Addison Wesley Longman, Melbourne 1998
  • International Finance and Global Investments, 3rd ed., Longman Australia, Melbourne, 1995, xiv plus 674 pp.
  • Financial Markets, Money and Risk, Addison Wesley Longman, Melbourne 1997, (together with K. M. Hawtrey), 1997, xxi plus 944 pp.
  • International Finance and Global Financial Markets, 2nd ed., Longman Cheshire, edition, Melbourne 1992, 458 pp.
  • A Guide to the Australian Economy, Longman Cheshire, Melbourne 1994, coauthor.
  • Financial Markets, Interest Rates and Monetary Economics, Longman Cheshire, 3rd edition, Melbourne 1994.
  • International Finance and Global Financial Markets, Longman Cheshire, Melbourne 1989, 388 pp.
  • The Economics and Management of Financial Institutions, Longman Cheshire, Melbourne 1987, co-editor T. Valentine.
  • Financial Markets, Interest Rates and Monetary Economics, Longman Cheshire, 2nd edition, Melbourne, 1990, 683 pp.
  • Financial Markets, Interest Rates and Monetary Economics, Longman Cheshire, I st edition, Melbourne, 1987, 544 pp.
  • Interest Rates - Papers and Proceedings of a Symposium (editor), Longman Cheshire, Melbourne, 1981, 402 pp.
  • Zur Geldtheorie Don Patinkins, Berlin, Munchen, Dunker & Humblot, 1971, 231 pp.

Journal Articles

  • Towards Decoding Currency Volatilities, Multinational Finance Journal, 2009, Vol. 13, 1/2, pp.109 - 140, (with W. Leung).
  • Emerging Market Bond Returns - An Investor Perspective, Journal of Multinational Financial Management, Vol 16 (2006) pp. 105 - 121. (with D. Chung and W. Leung).
  • Global Competition, Fee Income and Interest Rate Margins of Banks, 2003, in Kredit and Kapital, Vol 36, 3, pp. 368 - 394 (with H. Gischer)
  • International Taxation and Foreign Direct Investment, Special Edition guest editor for Economic Analysis and Policy, 2003, Vol. 33, 2, 173 - 306.
  • Lessons from a Bank Profitability Study for the Future of Banking, in: The Future of Banking, Greenwood Publishing Group, INC. Westport, 2003, pp.229 - 247.
  • Competition in the General Insurance Industry, (with G. Murat and R., Tonkin), Zeitschrift fur die gesamte Versicherungswissenschaft, Vol 91, 3, 2002, pp. 453 - 481.
  • Risk Management Systems for Merging Banking and Casualty/Property Insurance between Banks and Insurance Companies, in: Megamergers in a Global Economy, Benton Gup (ed.), Quorum Books, Greenwood Publishing Group Westport Connecticut and London, 2002, pp. 149 - 170.
  • Message to Basle: Risk Reduction Rather Than Risk Management, in: The New Financial Architecture: Banking Regulation in the 21st Century, Benton Gup (ed.), Quorum Books, Westport CT, 2000, pp. 207 - 235.
  • What Basle Forgot, in: International Banking Cries: Large Scale Failures, Massive Government Intervention, B. Gup (ed); 1999, Quorum Books, Westport CT and London, pp. 220 -238.
  • Taxing International Capital Income - Interest Withholding Tax, Journal of Australian Taxation, November/December 1998, pp. 219 - 231.
  • Capital Theory: Lessons From Tobin's Q Applied to Banks' Loan Portfolios (with B. Gup); in: Advances in Pacific Basin Financial Markets, T. Bos and T. A. Fetherstone (eds) Vol. 4, pp. 279-292, JAI Press, Greenich Connecticut, 1998.
  • Money and Banking, in: Issues, Indicators and Ideas, A Guide to the Australian Economy, pp. 135-162, Addison, Wesley Longman, Melbourne 1998.
  • International Trade: Implications of VAT, The Tax Specialist, October 1997, pp.90 - 97.
  • International Financial Markets and the Effectiveness of Monetary Policy, New Developments in Monetary Theory and Policy, Festschrift for Norbert Kloten, ed. by P. Bofinger and K.-H. Ketterer, Mohr Siebeck, Tiibingen, 1996, pp.379-407.
  • Kapitalkosten der Banken, (co-author B. Gup), Jahrbucher fur Nationalokonomie and Statistik, July, 1995, pp.401-419.
  • Foreign Currency Intervention and Monetary-Fiscal Policies, Economic Papers, June 1994, pp.74 -91.
  • The Australian Financial System, in: A Guide to the Australian Economy, Melbourne 1994.
  • Interest Rates, Exchange Rates and Foreign Debt: Rejoinder, Economic Record, March 1993, 80-81.
  • Interest Rates, Exchange Rates and Foreign Debt (co-author B.P. Luedecke), Economic Record, June 1991, pp.139-46.
  • Fundamentals, Bubbles, Trading Strategies: Are they the Causes of Black Monday? Kredit and Kapital, 1989, pp. 470-86.
  • Intervention in Foreign Currency Markets, Economic Papers, March 1989, pp. 67- 82.
  • The European Currency Unit - An Exercise in Successful Exchange Rate Management, Economic Analysis and Policy, March 1989, pp. 51-72.
  • Money Markets and Monetary Policy Implementation, Economic Papers, December 1988, pp. 42-59.
  • Effective Exchange Rates and Other Exchange Rate Indices, Economic Papers, June 1988, pp. 78-88.
  • Why Are German Banks Issuing Australian Dollar Bonds? Economic Monograph No.365, Economic Society of Australia, June 1987, pp. 1-6.
  • Banks and the Debt Plight, in: The Economics and Management of Financial Institutions, D.J. Eittner and T. Valentine, eds. Melbourne 1987, 166-75.
  • Prime Rates, Costs of Funds and Competition, (co-author R. Agnew), op. cit. pp. 143-51.
  • Measuring and Managing Interest Rate Risk Exposure of Financial Institutions, op.cit. pp. 197-202.
  • The Wicksell-Tobin Investment Model, Journal of Macroeconomics,1987, pp. 45762.
  • Speculation - Good or Evil? Jahrbiicher fur Nationalokonomie and Statistik, Vol. 203, 1, 1987, pp. 1-11.
  • The Risk Structure of Interest Rates, Economic Papers, December 1986, pp. 73-91.
  • Public Debt and Asset Preferences, Kredit and Kapital, Vol. 19, 1986, pp. 386-400.
  • Are Expectations of Short-Term Interest Rates Rational? Australian Economic Papers, December 1985, pp. 356-69.
  • Recent Developments in Monetary and Credit Aggregates, Economic Papers, September 1984, pp. 59-84.
  • Information and Futures Trading - Some Missing Facts and Consequences, Jahrbucher fur Nationalokonomie and Statistik, No. 5, 1984, pp. 460-63.
  • Comments on "On Prudential Controls", The Campbell Report, Economic Papers, April 1983, pp. 164-165.
  • Notes and Numbers on Marx's Falling Rate of Profit, Economic Record, December 1983, pp. 275-83.
  • Interest Rates, Capital Markets and Loanable Funds, in: D.J. Rittner, editor, Interest Rates, Melbourne, 1981, pp. 257-78.
  • Some Comments on the Stability of the Demand for Money, Kredit and Kapital, Vol. 9, 1981, pp. 384-89, (with R. Tuckwell).
  • Entry to Banking, Final Report, Australian Financial System Inquiry, Canberra 1981, pp. 449-455.
  • Rates of Return, Investment Behaviour and Monetary Policy, Kredit and Kapital, 1983, pp. 16-35.
  • A Note on Tobin's Supply Price of Capital, Australian Economic Papers, Vol. 70, December 1981, pp. 409-13.
  • A Credit Squeeze by Default, The Australian Financial Review, February 23, 1977, pp. 2-3, 7; reprinted in: Readings in Australian Monetary Economics, Longman Cheshire, Melbourne 1981.
  • Einige Bemerkungen zu einer Interpretation von Tobins Angebotspreis des Sachkapitals, Jahrbucher fur Nation alokonomie and Statistik, 1979, pp. 395-398.
  • An Evaluation of the Performance and Critique of Econometric Models of the Australian Economy, Management Forum, December 1978, pp. 226-250.
  • Some Aspects of Recent Inflation, Discussion Contribution, Reserve Bank of Australia, Conference Papers, 1976, p. 202.
  • Determinants of Consumption Expenditure, Discussion Contribution, Reserve Bank of Australia, Conference Papers, 1976, pp. 80-81.
  • Business Investment: The Recent Experience, Discussion Contribution, Reserve Bank of Australia, Conference Papers, 1976, pp. 41-43.
  • The Stability of the Demand for Money - Some Comments, Reserve Bank of Australia, Conference Papers, Conference in Applied Economic Research: Papers and Proceedings, September 1976, pp. 248-250, 253.
  • Financing Problems of Small Firms in the Manufacturing Sector: The Australian Case, Kredit and Kapital, Vol. 91976, pp. 384-415, (together with R. Bird); reprinted as "The Financing of Small Business in the Manufacturing Sector", Readings in Small Business, New England University.
  • Economic Policy, Inflation and Unemployment, Economic Papers, January 1977, pp. 32-5 8.
  • Is the Australian Stock Market Really Efficient in the Weak Sense? The Investment Analyst, April 1976 (co-author A. McHugh), pp. 35-36.
  • Ein Test der Erwartungshypothese der Fristigkeitsstruktur der Zinssatze, Zeitschrift fur Wirtschafts- and Sozialwissenschaften, H.2. 1975, pp. 177-184.
  • Fiscal Policy and Inflation: Some Comments, Economic Papers, Dec. 1975, pp. 1522.
  • "The Employment Function for Germany", Jahrbucher fur Nationalokonomie and Statistik, Vol. 189, 1975, (together with G.M. Madden and R.H. Tuckwell), pp. 469475.
  • "Kapitalmarkteffizienz and Fristigkeitsstruktur der Zinssatze in der Bundesrepublik" 18 (together with G.M. Madden and R.H. Tuckwell), Konjunkturpolitik, Vol. 21, 1975, pp. 170-181.
  • "Time Series Analysis of the Term Structure of Australian Interest Rates", (together with G.M. Madden and R.H. Tuckwell), Economic Record, Vol. 51, 1975 pp. 19-30.
  • "Zur Struktur der Zinssatze in der Bundesrepublik", Zeitschrift fur die gesamte Staatswissenschaft, October, 1974, pp. 587-597.
  • "Der Einfluss von Einkommens-, Zinssatz and Inflationserwartungen auf die Geldnachfrage in der Bundesrepublik", Zeitschrift fur Nationalokonomie, Heft 1-2, 1974, (co-author R.H. Tuckwell).
  • "Partial Adjustment, Multiple Expectations,and the Demand for Money in Australia", (co-author R.H.Tuckwell), Kredit and Kapital, Vol. 7, 1974, pp. 48-68.
  • "Zinssatze and Inflationserwartungen in der Bundesrepublik" Jahrbucher fur Nationalokonomie and Statistik, Vol. 188, 1974, pp. 385-395.
  • "Recent Behaviour of Stock Market Prices in Germany and the Random Walk Hypothesis" (co-author K. Conrad), Kyklos, Vol. 26, 1973, pp. 576-599.
  • "Arbeitspotential, Arbeitsmarktreserven and Vollbeschaftigung" Zeitschrift fur die gesamte Staatswissenschaft, Vol. 128, 1972, pp. 22-28.