DR MICHAEL RAFFERTY

Position:  Senior Research Analyst       

Phone: 02 9036 9081
Email: m.rafferty@econ.usyd.edu.au

Qualifications:  B. Bus, BA (Hons) Curtin, PhD Sydney

Areas of Expertise:

• Finance and financial markets
• Corporate governance
• Transition economics
• International economics and business
• Political economy
• Monetary theory
• Australian economic policy
• Balance of Payments
• Globalisation

Publications:

Books

• 2006        Capitalism With Derivatives: A Political Economy of Financial Derivatives, Capital and Class, with D. Bryan, Palgrave Macmillan, London.
  Available at: http://www.palgrave.com/products/Catalogue.aspx?is=1403936455
• 2003        Money and Finance in Transition: research in Contemporary and Historical Finance, with M. Lonnborg, et.al. eds Sodertorn Academic Studies, No 14, Stockholm.
• 1999        The Global Economy in Australia: Global Integration and National Economic Policy, with D. Bryan  Sydney, Allen and Unwin.
•  1998        The Rise and Fall of the General Theory of International Direct Investment
unpublished PhD thesis, Department of Economics, University of Sydney, April mimeo.

Forthcoming

2008        Unplanned: The transformation of States and Markets in Eastern Europe, with M Lonnborg and M Olsson (eds) Sodertorn University Press, June.

Book Section

2006        ‘Financial Derivatives: Bubble or anchor?' with D Bryan in D. Wigan, et al. eds,Global Finance after Bretton Woods Palgrave Macmillan, Basingstoke.

Available at: http://www.palgrave.com/products/Catalogue.aspx?is=0230006876

2006        Offshore Financial Centres, Hot Money and Hedge Funds: A Network Analysis of International Capital Flows, with N. Coates in D. Wigan, et al. eds Global Finance after Bretton Woods Palgrave Macmillan, Basingstoke.

Available at: http://www.palgrave.com/products/Catalogue.aspx?is=0230006876

2004        ‘Australian Foreign Direct Investment in Europe and the Race for FDI’ with R. Ham in P. Ghauri and L. Oxelheim eds The Race for Foreign Direct Investment and EU Enlargement, Elsevier and Oxford University Press, London.

2004        ‘Foreign Direct Investment in Central and Eastern Europe and the Race for FDI’ in Ghauri and Oxelheim (eds) The Race for Foreign Direct Investment

2003        ‘Introduction’ with Lonborg and Olsson, in Lonnborg et al. eds Money and Finance in Transition.

2003        ‘Financing Foreign Direct Investment in Recent International Capital Flows’, in Lonnborg et al. eds Money and Finance in Transition.

2003        ‘One Hundred and Fifty Year of Financial Crises in Sweden’ with M. Lonnborg and A. Ogren, in Y. Hasselberg and P. Hedberg (eds) In The Same Boat: A Festrschrift for Mats Larsson, Uppsala Studies in Economic History, No 65, Uppsala University.

1999        ‘Globalisation as Discipline – the case of Australia and International Finance’ with D. Bryan, in McBride, S and Wiseman, J. (eds) Globalisation and its Discontents, MacMillan in association with St Martins’s Press, London and New York, 2000.

1998        (with D. Bryan) ‘The Global Economy In The Nation: United States And Australian Direct Investment And Trade In The 1980’s in Global Business and Economics Review – Anthology  of selected papers from 1998 Conference, Business and Economics Society International, Worcester, MA., (double blind refereed).

1997        (with D. Bryan) ‘The peculiarity of Australian Investment Abroad’ in International business in the 21st Century: Papers and Proceedings of the Academy of International Business. Asia-Pacific Area Conference, Published by AIB in conjunction with the University of Hawaii at Manoa.

1997        ‘The Corporation, History and Nature’ in P.O’Hara (ed) Encyclopaedia of Political Economy, London, Routledge.

Forthcoming

2008        “‘Hayek’s revenge’: An introduction to transition issues’ with M., Olsson, and M., Lönnborg, in  Lonnborg et.al. (eds) Unplanned.

2008        Towards a (post-transition) political economy of eastern Europe: the case of financial services, with M., Olsson, and M., Lönnborg, M. in Lonnborg et al eds.

2008     External finance and ‘transition’: an overview of market developments in Central Eastern Europe and the Baltics. with M Olsson, M., and Lönnborg in Lonnborg et al eds

2008     Ownership concentration and equity market liquidity: developments in the Czech Republic, Slovakia, Estonia, Latvia and Lithuania. With D Brzica, R Ham, R. and M Olsson

2008     The rise and rise of corporate groups: patterns of ownership concentration in the Czech and Slovak corporate sectors. with D Brzica, M Olsson,

2008     Unplanned: towards a history of transition in Eastern Europe, with M Lonnborg

2008     The fiscal road to capitalism: testing for convergence in the size of state activity, with R Ham and M Magableh.

Journal Articles

2007     Financial Derivatives and the Theory of Money, with D. Bryan Economy and Society, Vol.16, (1), 133-157.

Available at: http://www.tandf.co.uk/journals/titles/03085147.asp

2006        Bubbles on the South Seas, Australian Review of Public Affairs, 15 May

Available at: http://www.australianreview.net/digest/2006/05/rafferty.html

A version was also published in the Australian Financial Review under the title ‘Blowing Bubbles on the South Seas’ June 9-12, R6-7.

2006        'Can financial Derivatives Inform HRM? Lessons from Moneyball', with with D. Bryan Human Resource Management, vol.45, No. 1, Spring, p 111-145.

2006        'Financial Derivatives: The New Gold?' with D Bryan Competition and Change: The Journal of Global Business and Political Economy, vol.10, pp. 265-282.

2006        'Money in Capitalism and Capitalist Money', with D Bryan Historical Materialism: Research in Critical Marxist Theory, vol.13:1, p 75-95.

Translated into Greek and published in THESEIS , vol 97, p49 – 74.

2005        ‘The Static Efficiency of Bond Markets in Nordic Countries’ with L. Oxelheim Journal Of Multinational Financial Management, March.

2001        ‘The Economics of Globalisation’ Global Business and Economic Review,Vol 3, No.1.

2000        ‘Financial Derivatives in International Business – the Case of Sweden’, Global Business & Economics Review, Vol 2, No.1.

2000        (with D. Bryan) ‘The Australian Dollar’s role as a Global Currency’, Journal of Australian Political Economy, No. 46:31-37.

1998        ‘Advance Australia Everywhere: The case of Australian Foreign Direct Investment in the United Kingdom in the 1980’s and 1990’s’ Working Paper 113, Sir Robert Menzies Centre for Australian Studies, Institute of Commonwealth Studies, University of London.

1997        (with D. Bryan) ‘Still calling Australia Home: the changing conceptions of internationalisation in government policy’ Australian Journal of International Affairs, Vol. 51, No 1, pp5-24.

1997   'Union amalgamation: the enduring legacy of the Australia reconstructed?' Journal of Australian political economy, 39, June, pp. 99-105.