Stefan Reitz


Prof. Dr. Stefan Reitz

Sprechstunden: nach Vereinbarung                                                                                                             

Tel.: 0431 / 880 - 5519

Email: stefan.reitz@qber.uni-kiel.de

 

 

Research Interests

  • International finance

  • Nonlinear dynamics and econometrics

 

Publikationen

Working Papers

  • Gelman, M., A. Jochem, S. Reitz and M. Taylor (2014), Real Effective Financial Exchange Rates and Capital Flows, Kiel Working Paper.

  • Leppin, J. and S. Reitz (2014), The Role of a changing market Environment for Credit Default Swap Pricing, Kiel Working Paper.

  • Pierdzioch, C., S. Reitz and J. Rülke (2014), Heterogeneous Forecasters and Nonlinear Expectations in the U.S. Stock Market, Kiel Working Paper.

  • Falagiarda, M. and S. Reitz (2013), Announcements of ECB Unconventional Programs: Implications for The Sovereign Risk of Italy, Kiel Working Paper 1866.

  • Furniagiev, S., C. De Roure and S. Reitz (2013), The Microstructure of Exchange Rate Management: FX Intervention and Capital Controls in Brazil, Kiel Working Paper 1865.

 

Refereed journals

  • Fiedler, S., N. Janssen, S. Reitz and M. Wolters (2017), Is Globalization Reducing the Ability of Central Banks to Control Inflation? A Literature Review with an Application to the Euro Area, Review of Economics, forthcoming.
     
  • Jochem, A., and S. Reitz (2017), The Role of Global Financial Conditions for Credit Supply in EMU Periphery Countries, Applied Economics Letters, forthcoming,
    DOI: 10.1080/13504851.2016.1223815.
     
  • Leppin, J. and S. Reitz (2016), The Role of a Changing Market Environment for Credit Default Swap Pricing, International Journal of Finance & Economics, 21, 209 – 223.
     
  • Falagiarda, M. and S. Reitz (2015), Announcements of ECB Unconventional Programs: Implications for The Sovereign Risk of Italy, Journal of International Money and Finance 53, 276 - 295.
     
  • Gelman, M., A. Jochem, S. Reitz and M. Taylor (2015), Real Financial Market Exchange Rates and Capital Flows, Journal of International Money and Finance 54, 50 - 69.
     
  • Furniagiev, S., C. De Roure and S. Reitz (2015), The Microstructure of Exchange Rate Management: FX Intervention and Capital Controls in Brazil, Applied Economics 47, 3617 - 3632.
     
  • Reitz, S., M. Schmidt and M.P. Taylor (2014), Financial Intermediation and the Role of Price Discrimination in a Two-Tier Market, European Journal of Finance 21, 629 - 645.

  • Reitz, S. and M.P. Taylor (2013), The 'Danish Krone Euro Exchange Rate and Danmark Nationalbank Intervention Operations, Studies in Nonlinear Dynamics & Econometrics 17, 239 - 249.

  • Reitz, S. and U. Slopek (2014), Fixing the Phillips Curve: The Case of Downward Nominal Wage Rigidity in the US, International Journal of Finance and Economics 19 (2), 122 - 131.

  • Gosh, S. and S. Reitz (2013), Capital Flows, Financial Asset Prices and Real Financial Market Exchange Rates: A Case Study for an Emerging Market, Journal of Reviews on Global Economics 2, 158 - 171.

  • Reitz, S. and M.P. Taylor (2012), FX intervention in the Yen-Us dollar market: a coordination channel perspective, International Economics and Economic Policy 9 (2), 111 - 128.

  • Reitz, S., J. Rülke and G. Stadtmann (2012), Nonlinear Expectations in Speculative Markets - Evidence from the ECB Survey of Professional Forecasters, Journal of Economic Dynamics & Control 36, 1349 - 1363.

  • Reitz, S., J. Rülke and M. Taylor (2011), On the Nonlinear Influence of Reserve Bank of Australia Interventions on Exchange Rates, The Economic Record 87, 465 - 479.

  • Reitz, S., M. Schmidt and M. Taylor (2011), End-User Order Flow and Exchange Rate Dynamics - A Dealer's Perspective, European Journal of Finance 17, 153 - 168.

  • Reitz, S., J. Rülke and G. Stadtmann (2010), Regressive Expectations Towards More Fundamental Values of the Oil Price, Journal of Economics and Statistics 230, 454 - 466.

  • Reitz, S., G. Stadtmann and M. Taylor (2010), The Effects of Japanese Interventions on FX-Forecast Heterogeneity, Economics Letters 108, 62 - 64.

  • Bauer, C., P. De Grauwe and S. Reitz (2009), Exchange Rate Dynamics in Target Zones – A Heterogeneous Expectations Framework, Journal of Economic Dynamics & Control 33, 329 – 344.

  • Reitz, S. and U. Slopek (2009), Nonlinear Oil Price Dynamics – A Tale of Heterogeneous Speculators?, German Economic Review 10, 270 – 283.

  • Reitz, S. and M. P. Taylor (2008), The Coordination Channel of Foreign Exchange Intervention: A Nonlinear Microstructural Analysis, European Economic Review 52 (1), 55 – 76.

  • Reitz, S. and F. Westerhoff (2007), Commodity price cycles and heterogeneous speculators: A STAR-GARCH model, Empirical Economics 33, 231 – 244.

  • Reitz, S. (2006), On the Predictive Content of Technical Analysis, North American Journal of Economics and Finance 17 (2),121 – 137.

  • Reitz, S., F. Westerhoff and C. Wieland (2006), Target Zone Interventions and Coordination of Expectations, Journal of Optimization Theory and Applications 128, 453 – 467, 2006.

  • Bohl, M. and S. Reitz (2006), Do Feedback Traders Act on Germany’s Neuer Markt?, Quarterly Journal of Business and Economics 44, 3 – 14.

  • Reitz, S. and U. Slopek (2005), Macroeconomic Effects of Tariffs: Insights from a New Open Economy Macroeconomics Model, Swiss Journal of Economics and Statistics 141, 285 – 31.

  • Reitz, S. (2005), Central Bank Intervention and Exchange Rate Expectations - Evidence from the DM/Dollar Forward Exchange Market, Open Economies Review 16, 33 – 50.

  • Reitz, S. and G. Stadtmann (2005), Consensus among FX Forecasters?, Applied Financial Economics Letters 1, 223 – 228, 2005.

  • Ahrens, R. and S. Reitz (2005), Chartist Prediction in the Foreign Exchange Market - Evidence from the Daily Dollar/DM Exchange Rate,  Journal of Evolutionary Economics 15, 65 – 82.

  • Reitz, S. and F. Westerhoff (2005), Commodity price dynamics and the nonlinear market impact of technical traders: Empirical evidence for the U.S. corn market, Physica A – Statistical Mechanics and its Applications 349, 641 – 648.

  • Reitz, S. and U. Slopek (2003), Macroeconomic Effects of Throwing Sand in the Wheels of Foreign Exchange Markets, Review of Economics 54, 187 – 213.

  • Reitz, S. and F. Westerhoff (2003), Nonlinearities and Cyclical Behavior: The Role of Chartists and Fundamentalists, Studies in Nonlinear Dynamics & Econometrics. 7: No. 4/3.

 

Not refereed journals

  • Jochem, A. amd Reitz, S. (2014), What Impact do Global Factors have on Stock Market Movements in emerging Markets Economies? Intereconomics - Review of European Economic Policy 5/2014.
     
  • Jochem, A. and S. Reitz (2010), Internationale Risikoteilung und Finanzielle Integration in der Europäischen Währungsunion, Vierteljahreshefte zur Wirtschaftsforschung 79, 75 - 84.

  • Frenkel, M. and S. Reitz (2010), Der Mikrostrukturansatz in der Wechselkurstheorie, WiSt - Wirtschaftswissenschaftliches Studium 6/2010, 284 - 288.

  • Jochem, A. and S. Reitz (2008), Wechselkurse und Wirtschaftswachstum – ein nichtlinearer Zusammenhang?, Wirtschaftsdienst, S. 481 – 483.

  • Reitz, S. and U. Slopek (2007), Zum Zusammenhang zwischen Currency Futures und Wechselkursentwicklung, Zeitschrift für das ges. Kreditwesen, S. 228 – 230.

  • Reitz, S. and D. Stremmel (2003), Der Weltgipfel 2002 - War in Johannesburg tatsächlich mehr zu erwarten?, WiSt. Wirtschaftswissenschaftliches Studium 8-9/2003.

  • Bodenbender, O. and S. Reitz (2003), Zur Bedeutung des Wechselkursrisikos im internationalen Handel. Wisu – Das Wirtschaftsstudium 8/2003.

  • Reitz, S. (2001), Effekte des Wechselkursrisikos und internationaler Handel. WiSt, Wirtschaftswissenschaftliches Studium 2/2001.

 

Policy-oriented Work

  • Jochem, A. and S. Reitz (2014), What impact do global factors have on stock market movements in emerging market economies? In: Intereconomics – Review of European Economic Policy 5/2014.

  • Finger, K. and S. Reitz (2013), Treibt Spekulation die Rohstoffpreise in die Höhe? (Joint with Karl Finger), In: Kiel Policy Brief 71.

  • Jochem, A. and S. Reitz (2013), International Comparison of Stock Market Valuation – Evidence from a New Index,In:  Kiel Policy Brief 61.

  • Finger, K. and S. Reitz (2012), Effectiveness of central bank intervention on the foreign exchange market, Kiel Policy Brief 46.

 

Books, Contributions to Books and Monographs

  • Reitz, S. and G. Stadtmann (2005), Can Central Bank Intervention Stabilize Exchange Rates by Increasing Confidence in Fundamentals? in: El-Shagi, M. and G. Rübel (eds.) Beiträge zur Internationalen Ökonomie - Eine Festschrift für Jürgen Schröder, Gabler.

  • Bohl, M. and S. Reitz (2004), The Influence of Positive Feedback Trading on Return Autocorrelation in: Geberl, S., H. Kaufmann, M. Menichetti, and D. Wiesner (eds.), Aktuelle Entwicklungen im Finanzdienstleistungsbereich, Physica-Verlag, Heidelberg.

  • Reitz, S. (2003), Institutionelle Voraussetzungen für die Stabilität des Freihandels - Die Rolle der GATT-Prinzipien im Liberalisierungsprozess in: Reitz, S. (ed.): Theoretische und wirtschaftspolitische Aspekte der internationalen Integration. Duncker & Humblot, Berlin.

  • Reitz, S. (2004), The Economics of Technical Trading on Foreign Exchange Markets, Habilitationsschrift am Fachbereich Wirtschaftswissenschaften der JLU Giessen.

  • Reitz, S. (1999) Volatile Wechselkurse – Ursachen und währungspolitische Bedeutung. Dissertation am Fachbereich Wirtschaftswissenschaften der JLU Giessen, Nomos Verlag, Baden-Baden 1999.

  • Lux, T., S. Reitz, and E. Samanidou (eds.)(2005), Nonlinear Dynamics and Heterogeneous Interacting Agents. Verlag Springer, Heidelberg.

  • Reitz, S. (2003), Theoretische und wirtschaftspolitische Aspekte der internationalen Integration. Verlag Duncker & Humblot, Berlin.