Dr Willem Spanjers

Position: Principal Lecturer
School: School Of Social And Behavioural Sciences
Email: W.Spanjers@kingston.ac.uk
Extension: 62611
Location: Room PR HH 0013, Holmwood House, Penrhyn Road

Profile

Dr. Wilhelmus (Willem) Spanjers, born 1964, holds a MSc (formally: "drs") in econometrics (1988) and a doctorate in mathematical economics (1992) from Tilburg University, Netherlands. He obtained his habilitation (see http://en.wikipedia.org/wiki/Habilitation ) in economics (2000) at Saarland University, Germany and holds a habilitation (2001) from Chemnitz University of Technology.

In Germany he held positions at the Institute of Mathematical Economics of the University of Bielefeld, Saarland University, and Chemnitz University of Technology; in the United Kingdom at the University of Birmingham and at Kingston University, where he was Director of Studies, Deputy Head and Acting Head of the School of Economics. Dr. Spanjers was seconded as Acting Full Professor at the University of Freiburg, Germany, holding the Chair formerly held by Prof. Dr. Walter Eucken, a founding father of the Freiburg School of economic thought. Dr Spanjers also was Interim Director to the University of Freiburg's Institute for Research in Economic Evolution. He is a Senior Fellow at the Rimini Centre of Economic Analysis, Italy.

His current research interest is the economics of uncertainty, in particularly of incalculable risk (ambiguity), and its applications to financial, monetary and development economics, as well as to political risk. Dr. Spanjers' publications include a book in Kluwer's Theory and Decision Library and a co-authored paper in the prestigeous Economic Journal.

He was Managing Editor of the International Journal of Economic Issues (IJEI) and Treasurer of the International Network for Economic Research (INFER).

Dr. Spanjers is a member of the MIT federal committee on European policy (MIT Bundeskommission "Europapolitik"), Germany and of the CDU-Saxony advisory committee on the economy and innovation policy (Landesfachausschuss "Wirtschaft und Innovation"). He is a member of the CDU County Board Northern Saxion ("Kreisvorstand CDU Nordsachsen"), of the MIT State Board for Saxony ("Landesvorstand MIT Sachsen"), and of the MIT County Board for Northern Saxony ("Kreisvorstand MIT Nordsachsen"), Saxony, Germany.

Dr. Spanjers is a former member of the CDU-Saxony advisory committees on education and innovation (Landesfachausschuss "Bildung und Innovation"), on European integration and regional development (Landesfachausschuss "Sachsen in Europa"), and on economic strategy (Kommission "Wirtschaftsstrategie 2030"), Saxony, Gemany, and of the MIT federal committee on regulatory policy (MIT Bundeskommission "Ordnungspolitik"), Germany.

Dr. Spanjers is External Examiner for the MSc Business Economics, MSc Economics and the MSc Financial Economics of the University of Huddersfield's Business School, as well as for the Open University's Centre for Inclusion and Collaborative Partnerships (CICP) regarding the provision of the BA(hons) degrees Economics with Combined Studies, Financal Economics with Combined Studies, and International and Development Economics with Combined Studies by Richmond, the American International University in London.

Educational and professional qualifications

2001 Dr.rer.pol.habil. , Chemnitz University of Technology, Germany
2000 Habilitation in Economics ("PD"; appr. Higher Doctorate in Economics) , Saarland University, Germany
1992 PhD ("Dr.") Economics , Tilburg University, Netherlands
1991 Successful completion of "Network for Quantitative Economics" , Tilburg University, Netherlands
1988 MSc ("Drs.") Econometrics , Tilburg University, Netherlands

Professional experience (post-1990)

2010 - present Senior Fellow, Rimini Centre of Economic Analysis, Italy
2010 - 2011 Interim Director of the Institute for Research in Economic Evolution, University of Freiburg, Germany
2009 - 2011 Acting Full Professor at the Institute for Research in Economic Evolution, University of Freiburg, Germany
2009 Acting Head of the School of Economics, Kingston University
2008 - 2010 Director of Studies for Economics, Kingston University
2007 - 2008 Acting Head of the School of Economics, Kingston University
2006 Acting Head of the School of Economics, Kingston University
2005 - present Principal Lecturer, Kingston University
2005 - 2010 Deputy Head of the School of Economics, Kingston University
2003 - 2005 Senior Lecturer, Kingston University
2003 Acting Full Professor for International Economics, Chemnitz University of Technology, Germany
2002 - 2003 Lecturer, University of Birmingham
2002 Acting Full Professor for Macroeconomics, Chemnitz University of Technology, Germany
2001 - 2006 Privatdozent, Chemnitz University of Technology, Germany
2000 - 2002 Acting Full Professor for Economic Theory, Saarland University, Germany
2000 - 2001 Commerzbank Visiting Professor for Financial and Monetary Economics, Chemnitz University of Technology, Germany
2000 - 2001 Privatdozent, Saarland University, Germany
1999 - 2000 Lecturer, University of Birmingham
1995 - 1999 Lecturer, Saarland University, Germany
1992 - 1994 Post-Doc, Institute of Mathematical Economics, University of Bielefeld, Germany
1988 - 1992 PhD student, Tilburg University, Netherlands

Teaching

Teaching Experience:

Financial Economics:
Behavioural Finance (L7, 8), Financial Economics (L5, 6, 7), Financial Intermediation (L7, 8), Financial Risk Management (L6), International Financial Markets (L5), Liquidity Provision under Ambiguity (L7, 8), Market Microstructure (L7, 8)

Microeconomics:
Economics of Competition (L6), Economics of Incentives (L6, 7, 8), Economics of Information (L6, 7), European Competition Policy (L6), Game Theory (L6 and L7), General Equilibrium Theory (L6, L7), General Equilibrium Theory in Large Economies (L6,7), Mathematical Economics (L6), Microeconomics (L4, 5 and 6), Microeconomic Policy and Principles (L5), Resource Allocation Mechanisms (L6, 7)

Macroeconomics:
Development Economics (L6, 7), European Economics (L4, 6), International Economics (L6, 7), Macroeconomics (L5), Macroeconomic Policy and Principles (L5), Microeconomic Foundation of Business Cycles (L5), Monetary Economics (L5)

Extended Essay Groups (L6, L7):
Behavioural Competition Policy, Behavioural Entrepreneurship, Behavioural Finance, Currency Crises, Decisions under Ambiguity, Development Economics, European Economic Policy, European Economics, Globalisation, International Trade, Research and Development

Research supervision

PhD-Students

PRINCIPAL SUPERVISOR

Dr. Carsten Linnemann MdB, Enrolled: 2002 - 2006 at
Chemnitz University of Technology, Germany
("Erstgutachter")
Topic: Transportation services in the GATS-treaty
Winner of the 2nd competition for young scientists on "Export of Services" by the German Federal Ministery of Education and Research: 2003
Financially supported by:
Konrad Adenauer Foundation: 2004 - 2006
Heinz Schwarzkopf Foundation: 2004

Mr Sergey Grigoryev, Enrolled: 2014 - present
Preliminary topic: Trade and Economic Relations between the European Union and its Partners


CO-SUPERVISOR

Dr. Andrea Ingianni, Enrolled: 2004 - 2010
Topic: Convergence among the new EU member countries
Principal Supervisior: Mr. Vince Daly

EXAMINER

Dr. Athanasios Noikokyris, Kingston University, UK, 2015
Topic: EU regional policy and new modes of governance: implications to the EU's democratic deficit

Dr. Christopher Bier, Saarland University, Germany, 2002
("Zweitgutachter")
Topic: Regulated or negotiated access to electricity networks? An economic analysis allowing for imperfect regulators

Dr. Bodo Glaser, Saarland University, Germany, 2001
("Zweitgutachter")
Topic: On the concept of efficiency and compromise in dynamic decision making

Research areas

Economics: Decision making under Ambiguity with applications to Entrepreneurship in Small Firms, Financial Economics, International Economics, Monetary and Development Economics;
Financial Economics;
Monetary Economics;
Development Economics.

International connections

Rimini Centre for Economic Analysis
Tilburg University, Netherlands: CentER Society
University of Heidelberg, Germany: Prof. Dr. Juergen Eichberger

Professional activity


ACADEMIC JOURNALS

Managing Editor of the International Journal of Economic Issues (2009 - 2011)

Member of the Board of Editors of KURIR (2006 - present)

Referee for various academic journals.


SCIENTIFIC ORGANIZATIONS

Treasurer of the International Network for Economic Research (INFER) (2007- 2009)

Coordinator of the INFER Workgroup on Monetary Economics and Financial Markets (2006 - 2009).

Reviewer for the INFINITI 2009 Conference on International Finance, Trinity College, Dublin, Ireland; for the INFINITI 2013 Conference on International Finance in Aix-en-Provence, France; and for the INFINITI 2014 Conference in Prato, Italy.

Member of the Scientific Committees of the 8th INFER Workshop on International Economics in Cluj-Napoca, Romania, 2008, the 9th INFER Annual Conference, Loughborough, UK, 2007, the 6th INFER Workshop on International Economics in Coimbra, Portugal, 2007, and the 8th INFER Annual Conference, Cork, Ireland, 2006.

Organiser of the 5th INFER Workshop on Monetary Economics "Monetary Policy in Emerging Countries" and the 5th INFER Workshop on International Economics "Trade, Convergence and Factor Mobility", Kingston-upon-Thames, 2006.


MEDIA

Discussant (International Financial Expert) in PressTV's discussion programmes "Fine Print", January 2009, "4Corners", November 2008, "Between the Headlines", September 2008, "Middle East Today", December 2007 and "The Agenda", December 2007 and September 2007.

Academic expert alongside economists from Harvard and LSE in Journeyman Pictures' series of educational broadcasts looking at economic aspects of Globalisation: Global Exchange, Global Resources, Economic Development, and Global Finacial Markets, 2006.

Interviews in the local press: Kingston Guardian, April 2008, and Surrey Comet, September 2007. Interviews by Baden Intern, January 2011, HSBC Treasury World, Spring 2009, and Reuters, September 2008.

Research outputs

Number of items: 39.

Article

Agliardi, Elettra, Agliardi, Rossella and Spanjers, Willem (2016) Corporate financing decisions under ambiguity : pecking order and liquidity policy implications. Journal of Business Research, 69(12), pp. 6012-6020. ISSN (print) 0148-2963

Agliardi, Elettra, Agliardi, Rossella and Spanjers, Willem (2015) Convertible debt : financing decisions and voluntary conversion under ambiguity. International Review of Finance, 15(4), pp. 599-611. ISSN (print) 1369-412X

Liu, Wei and Spanjers, Willem (2009) Social capital and credit constraints in informal finance. International Journal of Economic Issues, 2(2), pp. 187-207. ISSN (print) 0974-603X

Spanjers, Willy (2008) Central banks and ambiguity. International Review of Economics & Finance, 17(1), pp. 85-102. ISSN (print) 1059-0560

Spanjers, Willy (2008) Loss of confidence and currency crises. International Journal of Economic Research, 5, pp. 219-237. ISSN (print) 0972-9380

Ghatak, Subrata and Spanjers, Willy (2007) Monetary policy rules in transition economies: the impact of ambiguity. International journal of development issues, 6(1), pp. 26-37. ISSN (print) 1446-8956

Kelsey, David and Spanjers, Willy (2004) Ambiguity in partnerships. The Economic Journal, 114(497), pp. 528-546. ISSN (print) 0013-0133

Spanjers, W. (1991) Arbitrage and Walrasian Equilibrium. Tinbergen Institute Research Bulletin, 3(3), pp. 215-225. ISSN (print) 0924-056X

Book

Spanjers, Willem, ed. (2009) Monetary policy, trade and convergence: the case of transition economies. Berlin, Germany : LIT. 208p. (New Developments in Economic Research) ISBN 9873643100214

Spanjers, Willy (2008) Liquiditatsversorgung bei Knight'scher Unsicherheit: Ein theoretischer Vergleich von Banken und Markten [Liquidity provision under Knightian Uncertainty: a theoretical comparison of banks and markets]. Leipzig, Germany : Engelsdorfer Verlag. 372p. ISBN 9783867036856

Spanjers, Willy (1997) Hierarchically structured economies: models with bilateral exchange institutions. Dordrecht, Netherlands : Kluwer Academic Publishers. 179p. (Theory and Decision Library Series C: Game Theory, Mathematical Programming and Operations Research) ISBN 0792343980

Spanjers, Willy (1992) Price setting behaviour in hierarchically structured economies. Helmond : Wibro Dissertatiedrukkerij. 261p.

Book Section

Spanjers, Willy (2009) The Asian crisis and macroeconomic development. In: Ghatak, Subrata and Levine, Paul, (eds.) Development Macroeconomics: Essays in Memory of Anita Ghatak. London, U.K. : Routledge. pp. 68-94. (Routledge Studies in Development, no. 71) ISBN 9780415448345

Spanjers, Willem (2009) Introduction. In: Spanjers, Willem, (ed.) Monetary policy, trade and convergence: the case of transition economies. Berlin, Germany : LIT. pp. 1-5. (New Developments in Economic Research, no. 2) ISBN 9783643100214

Spanjers, Willem (2009) Loss of confidence and currency crises. In: Spanjers, Willem, (ed.) Monetary Policy, Trade and Convergence: The Case of Transition Economies. Berlin, Germany : LIT. pp. 7-27. (New Developments in Economic Research, no. 2) ISBN 9783643100214

Ghatak, Subrata and Spanjers, Willy (2009) Monetary policy rules and the impact of ambiguity in transition economies. In: Ghatak, Subrata and Levine, Paul, (eds.) Development Macroeconomics: Essays in Memory of Anita Ghatak. London, U.K. : Routledge. pp. 189-202. (Routledge Studies in Development Economics, no. 71) ISBN 9780415448345

Spanjers, Willy (2003) Hierarchisch gestruktureerde Markten. In: Brink, J.R. van den and Gilles, R.P., (eds.) Wiskundig economische perspectieven: Opstellen aangeboden aan Prof. Dr. P.H.M. Ruys. Tilburg, Netherlands : Tilburg University Press. ISBN 9090169237

Conference or Workshop Item

Brach, Juliane and Spanjers, Willem (2011) Political Ambiguity and Economic Growth: The MENA Countries. In: 12th Mediterranean Research Meeting; 06-09 Apr 2011, Montecatini Terme, Italy. (Unpublished)

Eichberger, Jürgen and Spanjers, Willy (2009) Liquidity and ambiguity: banks or asset markets? In: Liquidity and Trust in Incomplete Markets; 23-24 Nov 2009, Freiburg i.B., Germany.

Monograph

Spanjers, Willem and Agliardi, Elettra (2016) Rethinking the social market economy : a basic outline. (Discussion Paper) Rimini, Italy : Rimini Centre for Economic Analysis. 21 p. (Professional Reports, no. PR 16-01)

Agliardi, Elettra, Agliardi, Rosella and Spanjers, Willem (2014) Cash holdings and financing decisions under ambiguity. (Working Paper) Bologna, Italy : Department of Economics, University of Bologna. 22 p. (Quaderni - Working Paper DSE, no. 979)

Brach, Juliane and Spanjers, Willem (2012) Political ambiguity and economic development: the MENA countries. (Working Paper) Maastricht, Netherlands : Maastricht School of Management. 40 p. (Maastricht School of Managment Working Papers, no. 39)

Spanjers, Willem (2011) Liquidity provision, ambiguous asset returns and the financial crisis. (Working Paper) Freiburg, Germany : University of Freiburg. 40 p. (RCEA Working Papers, no. 11-10)

Spanjers, Willy (2008) The Asian crisis and macroeconomic development: the impact of ambiguity. (Discussion Paper) Kingston upon Thames, U.K. : Faculty of Arts & Social Sciences, Kingston University. 25 p. (Economics Discussion Paper)

Eichberger, Jürgen and Spanjers, Willy (2007) Liquidity and ambiguity: banks or asset markets? (Discussion Paper) Heidelberg, Germany : Department of Economics, University of Heidelberg. 39 p.

Ghatak, Subrata and Spanjers, Willy (2007) Monetary policy rules in transition economies: the impact of ambiguity. (Discussion Paper) Kingston upon Thames, U.K. : Faculty of Arts and Social Sciences, Kingston University. 27 p. (Economics Discussion Paper)

Spanjers, Willy (2005) Loss of confidence and currency crises. (Discussion Paper) Kingston upon Thames, U.K. : Faculty of Arts and Social Sciences, Kingston University. 32 p. (Economics Discussion Paper)

Liu, Wei and Spanjers, Willy (2005) Social capital and credit constraints in informal finance. (Discussion Paper) Kingston upon Thames, U.K. : Faculty of Arts and Social Sciences, Kingston University. 36 p. (Economics Discussion Paper)

Spanjers, Willy (2004) Central banks and ambiguity. (Discussion Paper) Kingston upon Thames, U.K. : Faculty of Arts and Social Sciences, Kingston University. 24 p. (Economics Discussion Paper)

Abdullah, Shahnaz, Mullineux, Andy, Fielding, Tony and Spanjers, Willy (2004) Intra-household resource allocation and bargaining power of women using micro-credit in Bangladesh. (Discussion Paper) Birmingham, UK : University of Birmingham. 43 p.

Kelsey, David and Spanjers, Willy (1997) Uncertainty in partnerships. (Discussion Paper) Birmingham, U.K. : Department of Economics, University of Birmingham. 30 p.

Spanjers, Willy (1994) Arbitrage and Walrasian equilibrium in hierarchically structured economies. (Discussion Paper) Bielefeld, Germany : Institute of Mathematical Economics (IMW). 10 p.

Spanjers, Willy (1994) Arbitrage and monopolistic market structures. (Working Paper) Bielefeld, Germany : Institute of Mathematical Economics (IMW). 32 p.

Spanjers, Willy (1994) Bid and ask prices in hierarchically structured economies with two commodities. (Working Paper) Bielefeld, Germany : Institute of Mathematical Economics (IMW). 40 p.

Spanjers, Willy (1994) Endogenous structures of trade relationships in hierarchically structured economies with bid and ask prices and two commodities. (Working Paper) Bielefeld, Germany : Institute of Mathematical Economics (IMW). 32 p.

Spanjers, Willy (1994) On the existence of equilibrium in hierarchically structured economies. (Working Paper) Bielefeld, Germany : Institute of Mathematical Economics (IMW). 34 p.

Spanjers, Willy (1991) Arbitrage and Walrasian equilibrium in economies with limited information. (Discussion Paper) Tilburg, The Netherlands : Faculty of Economics, Tilburg University.

Spanjers, Willy, Gilles, Robert and Ruys, Pieter (1991) Hierarchical trade and downstream information. (Discussion Paper) Tilburg, The Netherlands : Faculty of Economics, Tilburg University.

Spanjers, Willy (1990) Equilibrium with co-ordination and exchange institutions: a comment. (Discussion Paper) Tilburg, The Netherlands : Faculty of Economics, Tilburg University.

This list was generated on Thu Jun 29 04:45:41 2017 BST.