Atsuyuki Naka

Naka 
Atsuyuki Naka, Ph. D.
Professor of Economics and Finance
Phone: (504) 280-6896
Office: KH 469
Email: anaka@uno.edu
 

Professor
Ph.D., University of Arizona, 1989
At UNO since 1989
Dr. Naka is currently a full member of a graduate faculty at the University of New Orleans. He has published many articles in the area of International Finance and Investments. He has published in journals such as the Journal of Financial and Quantitative Analysis, Journal of International Money and Finance, Journal of Financial Research, Journal of Business Finance and Accounting, Financial Review, Journal of Real Estate Finance and Economics, Pacific Basin Finance Journal and among others. His research interests include International Finance, Financial Markets, Asset Pricing Models, Macro Finance, and Real Estate Finance
Phone: (504) 280-6896
anaka@uno.edu
http://www.uno.edu/~anaka/

EDUCATION:

University of Arizona, Tucson, Economics, 1989 Ph.D.
Southern Illinois University, Carbondale, Agribusiness 1982 M.S.
Wakayama University, Wakayama, Japan, Economics, 1977 B.S.
 
ACADEMIC EXPERIENCE:
2004 to present Professor of Economics and Finance, University of New Orleans
2000 to present Graduate Coordinator, Department of Economics and Finance, University of New Orleans
1995 to 2004 Associate Professor of Economics and Finance, Department of Economics and Finance, University of New Orleans
1989 to 1995 Assistant Professor of Economics and Finance
Department of Economics and Finance, University of New Orleans
1984 to 1989 Teaching and Research Assistant, Department of Economics, University of Arizona
1982 to 1984 Teaching and Research Assistant, Department of Economics, Southern Illinois University

REFREED JURNAL PUBLICATIONS:
“Diversification Benefits of Japanese Real Estate Over the Last Four Decades,” Journal of Real Estate Finance and Economics, forthcoming, 2006 (Maroney and Naka)
 “Inflation, Inflation Uncertainty in Developed and Emerging Markets,” Economics Letters, 2005, 180-186 (Daal, Naka, Sanchez)
 “Changing Risk, Return and Leverage in Asian Equity Markets During the 1997 Financial Crisis,” Journal of Financial and Quantitative Analysis, 2004, 143-166 (Maroney, Naka, Wansi)
“An Empirical Investigation of Asset Pricing Models in Japan,” Journal of International Money and Finance, 16, 1997, 81-112 (Bakshi and Naka)
“Re-examining Cointegration, Unit Roots and Efficiency in Foreign Exchange,” Journal of Business Finance & Accounting, 24, 1997, 363-374 (Lajaunie and Naka)
 “Examining Impulse Response Functions in Cointegrated Systems,” Applied Economics, 29, 1997, 1593-1603 (Naka and Tufte)
 “Forward Hedging the Exchange Risks of U.S. Equity Investments in the U.K., Germany and France,” Financial Review, 32, 1997, 527-544 (Varela and Naka)
 “On the Unbiasedness of Forward Exchange Rates,” Financial Review, 32, 1997, 145-162(Bakshi and Naka)
 “Black Market and Official Exchange Rates, Cointegration and Purchasing Power Parity in Developing Asian Countries,” Global Finance Journal, 8, 1997, 221-238 (Sundar, Varela, Naka)
 “Foreign Exchange Exposures of the London Stock Exchange,” Managerial Finance, 23, 1997, 45-57 (Varela and Naka)
 “Testing for the Existence of Long Run Equilibrium Relationships in the Foreign Exchange Futures Markets,” Journal of International Financial Markets, Institutions and Money, 6, 1996, 55-63 (Naka and Wei)
 “Testing for Dynamic Linkages Among Major International Stock Markets,” International Review of Economics and Finance, 5, 1996, 387-405 (Hassan and Naka)
 “Further Evidence on Foreign Exchange Market Efficiency: An Application of Cointegration Tests,” Financial Review, 31, 1996, 553-564 (Lajaunie, McManis, Naka)
 “The Unbiased Forward Rate Hypothesis: Re-examination,” Journal of International Money and Finance, 14, 1995, 857-867 (Naka and Whitney)
 “Dynamic Linkages Between Macroeconomic Variables and the Japanese Stock Markets: An Application of a Vector Error Correction Model,” Journal of Financial Research, 18, 1995, 223-237 (Mukherjee and Naka)
 “Production Based Asset Pricing in Japan,” Pacific-Basin Finance Journal, 3, 1995, 217-240 (Bakshi, Chen, Naka)
 “Integration of the Foreign Exchange Market Across Tokyo, London and New York Using Cointegration Analysis,” Journal of International Financial Markets, Institutions and Money, 5, 1995, 37-50 (Lajaunie, Naka, Varela)
 “Testing the Put-Call Parity Conditions in the Nikkei Warrants,” Journal of Multinational Financial Management, 5, 1995, 43-56 (Lin and Naka)
 “Foreign Exchange Exposures of the Tokyo Stock Exchange: The 1982-91 experience,” Journal of International Finance, 3, 1994, 101-117 (Naka and Varela)
 “Use of Macroeconomic Variables to Evaluate Selected Hospitality Stock Returns in the U.S.," International Journal of Hospitality Management, 13, 1994, 119-128 (Barrows and Naka)
 “Is the Tokyo Spot Foreign Exchange Market Consistent with the  Efficient Market Hypothesis?,” Review of Financial Economics, 1992, 68-74 (Lajaunie and Naka)
 
BOOK CHAPTER:
 “Foreign Exchange Market Efficiency: A Look at London," The Changing Environment of International Financial Markets: Issues and Analysis, Macmillan Press, Edited by Dilip K. Ghosh and Edgar Ortiz, 1994, 25-34.
 
PAPERS PRESENTED AT PROFESSIONAL MEETINGS:
 Volatility Clustering, Leverage Effects, and Jumps Dynamics in Emerging Asian Equity Markets, Financial Management Association European Conference, Siena, Italy, July 2005.
Predictability of the US-based International Open-end Mutual Funds Returns, Financial Management Association meeting, New Orleans, October 2004.
“Regional and Global Emerging Markets Responses to the 1997 Financial Crisis,” Financial Management Association meeting, San Antonio, October 2002
“An Investigation Into Causality Relationships Between Firms’ Insider Ownership and Performance,” Financial Management Association meeting, San Antonio, October 2002
“Linkage among Real Estate, Equity and other Financial Assets in Japan", Financial Management Association meeting, Toronto, Canada, October 2001
“Changing Risk, Return and Leverage in Asian Equity Markets During the 1997 Financial Crisis,” Financial Management Association meeting, Seattle, October 2000
“Macroeconomic Variables and the Undervalued Indian Stock Markets,” Financial Management Association meeting, Orlando, October 1999
“Investigating the Jakarta Stock Markets", PACAP Annual meeting, Shanghai, China, August 1997
“Management Ownership and Tobin's q,” Financial Management Association meeting, New Orleans, October 1996
“Macroeconomic Variables and the Indian Stock Markets: An Application of a Vector Error Correction Model,” NationalTaiwan University International Conference on Finance, Taipei, Taiwan, November 1995
“An Empirical Investigation of Asset Pricing Models in Japan,” Financial Management Association meeting, New York, October 1995
“Black Market Exchange Rate Efficiency for Latin American Countries using a Cointegration Approach,” Southern Economic Association meeting, Orlando, Florida, November, 1994
“Testing the Put-Call Parity Conditions in the Nikkei Warrants,” Financial Management Association meeting, St. Louis, October 1994.
“Correcting the Interpretation of Cointegrated VAR,” Western Economic Association meeting, Vancouver, Canada, July 1994
“Monetary Neutrality: Evidence from Band Spectrum Regression,” Western Economic Association meeting, Vancouver, Canada, July 1994.
“Production Based Asset Pricing in Japan,” Pacific-Rim Finance Conference, Jakarta, Indonesia, July 1994.
“Investigations into the Integration of the Global Market for Foreign Exchange,” Financial Management Association meeting, Toronto, Canada, October 1993
“Dynamic Linkages Between Macroeconomic Variables and the Japanese Stock Markets: An Application of a Vector Error Correction Model,” Financial Management Association meeting, San Francisco, October 1992
“Forward Hedging the Exchange Risks of U.S. Equity Investments in the U.K., Germany and France,” Financial Management Association meeting, San Francisco, October 1992
“Testing for Dynamic Linkages Among Major International Stock Markets,” Financial Management Association meeting, San Francisco, October 1992
“Long Run Relation of the G-5 Output,” Eastern Economics Association meeting, New York, March 1992
“Foreign Exchange Exposures with Japanese Stock Market,” Eastern Finance Association meeting, Orlando, FL, April 1992
“Re-examination of Unbiased Forward Rate Hypothesis", Western Economic Association meeting, Seattle, July 1991
“Stationarity of Futures Rates," Southern Economic Association meeting, New Orleans, November 1990
“Investigating The Basis Risk in Foreign Exchange Futures Markets," Financial Management Association meeting, Orlando, FL, October 1990
“Varying Risk Premia in a Financial Hedging Model: The Case of five Foreign Exchange Futures Markets,” Eastern Finance Association meeting, Charleston, SC, April 1990.
 
Journal Referee:
Journal of International Money and Finance
Journal of Futures Market
Journal of Macroeconomics
Journal of International Markets, Institution and Money
Journal of Economics and Finance
Applied Financial Economics
Contemporary Economics Policy
Financial Review
Global Finance Journal
International Review of Economics and Finance
Quarterly Journal of Business and Economics
Quarterly Review of Economics and Finance
Review of Financial Economics
 
Awards and Recognition:
Graduate Students (MBA) Appreciation Award, 2001, College of Business Administration, University of New Orleans
Faculty Initiative for Technology in Teaching Award, 2001, Office of Academic Affairs, University of New Orleans
PACAP (Pacific-Basin Capital Market) Research Fellow for 1994-1995 by Pacific Basin Capital Markets Research Center of the University of Rhode Island.
Doctoral Fellowship, 1988-1989, College of Business Administration, University of Arizona
 
Outside Grants:
Principal Investigator: Recruitment of Superior Graduate Fellows in Financial Economics, Board of Regent, State of Louisiana, 2001, $70,000.
Principal investigator: Recruitment of Superior Graduate Fellows in Financial Economics, Board of Regent, State of Louisiana, 2000, $70,000.