Email
a.panopoulou@essex.ac.ukTelephone
+44 (0) 1206 872194
Location
EBS.3.87, Colchester Campus
Qualifications
PhD in Financial Econometrics University of Piraeus, (2004)
MSc in Banking and Financial Management University of Piraeus, (2001)
Appointments
University of Essex
Head of the Finance Group, Essex Business School (1/9/2021 - 31/7/2023)
Deputy Head of the Finance Group, Essex Business School (1/9/2019 - 31/8/2021)
Other academic
Professor in Finance, Kent Business School, University of Kent (1/7/2018 - 31/8/2019)
Reader in Finance, Kent Business School, University of Kent (1/10/2015 - 30/6/2018)
Senior Lecturer in Finance, Kent Business School, University of Kent (1/7/2013 - 30/9/2015)
Assistant Professor, Department of Statistics and Insurance Science, University of Piraeus (1/12/2010 - 30/6/2013)
Lecturer, Department of Statistics and Insurance Science, University of Piraeus (1/9/2006 - 30/11/2010)
Post-doctoral Research Fellow, Economics, National University of Ireland, Maynooth (1/9/2004 - 31/8/2006)
Research interests
Financial Econometrics
Financial Forecasting
International Finance
Alternative Investments
Current teaching responsibilities
Empirical Finance (BE333)
Postgraduate Mathematics Preparation (BE399)
Finance Research Project (BE937)
Research Methods in Finance (BE953)
Journal articles (50)
Argyropoulos, C., Panopoulou, E. and Vrontos, S., (2025). Downside Risk and Hedge Fund Returns. Journal of Banking & Finance. 171, 107345-107345
Kynigakis, I. and Panopoulou, E., (2025). Modeling the distribution of key economic indicators in a data-rich environment: new empirical evidence. Journal of the Operational Research Society, 1-20
Vrontos, I., Galakis, J., Panopoulou, E. and Vrontos, S., (2024). Forecasting GDP growth: the economic impact of COVID-19 Pandemic. Journal of Forecasting. 43 (4), 1042-1086
Alexandridis, A., Panopoulou, E. and Souropanis, I., (2024). Forecasting Exchange Rates: An Iterated Combination Constrained Predictor Approach. Journal of Forecasting. 43 (4), 983-1017
Vrontos, ID., Galakis, J., Panopoulou, E. and Vrontos, SD., (2024). Modeling the Economic Impact of the COVID-19 Pandemic Using Dynamic Panel Models and Seemingly Unrelated Regressions. Econometrics. 12 (2), 17-17
Alexandridis, AK., Panopoulou, E. and Souropanis, I., (2024). Forecasting exchange rate volatility: An amalgamation approach. Journal of International Financial Markets, Institutions and Money. 97, 102067-102067
Alexandridis, AK., Apergis, I., Panopoulou, E. and Voukelatos, N., (2023). Equity premium prediction: The role of information from the options market. Journal of Financial Markets. 64, 100801-100801
Argyropoulos, C., Candelon, B., Hasse, J-B. and Panopoulou, E., (2023). Towards a Macroprudential Regulatory Framework for Mutual Funds. International Journal of Finance and Economics. 29 (3), 3063-3082
Argyropoulos, C., Panopoulou, E., Nikolaos, V. and Zheng, T., (2022). Hedge Fund Return Predictability in the Presence of Model Risk. The European Journal of Finance. 28 (18), 1892-1916
Kynigakis, I. and Panopoulou, E., (2022). Does Model Complexity add Value to Asset Allocation? Evidence from Machine Learning Forecasting Models. Journal of Applied Econometrics. 37 (3), 603-639
Panopoulou, E. and Nikolaos, V., (2022). Should hedge funds deviate from the benchmark?. Financial Management. 51 (3), 767-795
Meligkotsidou, L., Panopoulou, E., Vrontos, ID. and Vrontos, SD., (2021). Out-of-sample equity premium prediction: a complete subset quantile regression approach. The European Journal of Finance. 27 (1-2), 110-135
Iosifidi, M., Panopoulou, A. and Tsoumas, C., (2021). Mortgage Loan Demand and Banks’ Operational Efficiency. Journal of Financial Stability. 53, 100851-100851
Fabozzi, FJ., Kynigakis, I., Panopoulou, E. and Tunaru, RS., (2020). Detecting Bubbles in the US and UK Real Estate Markets. The Journal of Real Estate Finance and Economics. 60 (4), 469-513
Matousek, R., Panopoulou, E. and Papachristopoulou, A., (2020). Policy uncertainty and the capital shortfall of global financial firms. Journal of Corporate Finance. 62, 101558-101558
Meligkotsidou, L., Panopoulou, E., Vrontos, I. and Vrontos, SD., (2019). Quantile Forecast Combinations in Realised Volatility Prediction. Journal of the Operational Research Society. 70 (10), 1720-1733
Panopoulou, E. and Souropanis, I., (2019). The role of technical indicators in exchange rate forecasting. Journal of Empirical Finance. 53, 197-221
Argyropoulos, C. and Panopoulou, E., (2019). Backtesting VaR and ES under the magnifying glass. International Review of Financial Analysis. 64, 22-37
Argyropoulos, C. and Panopoulou, E., (2018). Measuring the market risk of freight rates: A forecast combination approach. Journal of Forecasting. 37 (2), 201-224
Panopoulou, E. and Pantelidis, T., (2016). The Fisher effect in the presence of time-varying coefficients. Computational Statistics and Data Analysis. 100, 495-511
Panopoulou, E. and Vrontos, S., (2015). Hedge fund return predictability; To combine forecasts or combine information?. Journal of Banking & Finance. 56, 103-122
Freeman, MC., Groom, B., Panopoulou, E. and Pantelidis, T., (2015). Declining discount rates and the Fisher Effect: Inflated past, discounted future?. Journal of Environmental Economics and Management. 73, 32-49
Panopoulou, E. and Pantelidis, T., (2015). Speculative behaviour and oil price predictability. Economic Modelling. 47, 128-136
Panopoulou, E. and Pantelidis, T., (2015). Regime-switching models for exchange rates. The European Journal of Finance. 21 (12), 1023-1069
Meligkotsidou, L., Panopoulou, E., Vrontos, ID. and Vrontos, SD., (2014). A Quantile Regression Approach to Equity Premium Prediction. Journal of Forecasting. 33 (7), 558-576
Flavin, TJ., Morley, CE. and Panopoulou, E., (2014). Identifying safe haven assets for equity investors through an analysis of the stability of shock transmission. Journal of International Financial Markets, Institutions and Money. 33, 137-154
Panopoulou, E. and Plastira, S., (2014). Fama French factors and US stock return predictability. Journal of Asset Management. 15 (2), 110-128
Kalyvitis, S. and Panopoulou, E., (2013). Estimating C-CAPM and the equity premium over the frequency domain. Studies in Nonlinear Dynamics and Econometrics. 17 (5), 551-571
Panopoulou, E. and Pantelidis, T., (2013). CROSS‐STATE DISPARITIES IN US HEALTH CARE EXPENDITURES. Health Economics. 22 (4), 451-465
Malliaropulos, D., Panopoulou, E., Pantelidis, T. and Pittis, N., (2013). Decomposing the persistence of real exchange rates. Empirical Economics. 44 (3), 1217-1242
Panopoulou, E. and Pantelidis, T., (2012). Convergence in per capita health expenditures and health outcomes in the OECD countries. Applied Economics. 44 (30), 3909-3920
Antzoulatos, AA., Panopoulou, E. and Tsoumas, C., (2011). Do Financial Systems Converge?. Review of International Economics. 19 (1), 122-136
Koubouros, M., Malliaropulos, D. and Panopoulou, E., (2010). Long-run cash flow and discount-rate risks in the cross-section of US returns. The European Journal of Finance. 16 (3), 227-244
Apergis, N., Panopoulou, E. and Tsoumas, C., (2010). Old Wine in a New Bottle: Growth Convergence Dynamics in the EU. Atlantic Economic Journal. 38 (2), 169-181
Flavin, TJ. and Panopoulou, E., (2010). DETECTING SHIFT AND PURE CONTAGION IN EAST ASIAN EQUITY MARKETS: A UNIFIED APPROACH. Pacific Economic Review. 15 (3), 401-421
Panopoulou, E., Pittis, N. and Kalyvitis, S., (2010). Looking far in the past: revisiting the growth-returns nexus with non-parametric tests. Empirical Economics. 38 (3), 743-766
Flavin, T., Panopoulou, E. and Pantelidis, T., (2009). Forecasting growth and inflation in an enlarged euro area. Journal of Forecasting. 28 (5), 405-425
Panopoulou, E., (2009). Financial variables and euro area growth: A non-parametric causality analysis. Economic Modelling. 26 (6), 1414-1419
Panopoulou, E. and Pantelidis, T., (2009). Integration at a cost: evidence from volatility impulse response functions. Applied Financial Economics. 19 (11), 917-933
Flavin, TJ. and Panopoulou, E., (2009). On the robustness of international portfolio diversification benefits to regime-switching volatility. Journal of International Financial Markets, Institutions and Money. 19 (1), 140-156
Hepburn, C., Koundouri, P., Panopoulou, E. and Pantelidis, T., (2009). Social discounting under uncertainty: A cross-country comparison. Journal of Environmental Economics and Management. 57 (2), 140-150
Panopoulou, E. and Pantelidis, T., (2009). Club Convergence in Carbon Dioxide Emissions. Environmental and Resource Economics. 44 (1), 47-70
Flavin, TJ., Panopoulou, E. and Unalmis, D., (2008). On the stability of domestic financial market linkages in the presence of time-varying volatility. Emerging Markets Review. 9 (4), 280-301
Koubouros, M. and Panopoulou, E., (2007). Intertemporal Market Risks and the Cross–Section of Greek Average Returns. Journal of Emerging Market Finance. 6 (2), 203-227
Panopoulou, E., (2007). Predictive financial models of the euro area: A new evaluation test. International Journal of Forecasting. 23 (4), 695-705
Panopoulou, E., (2007). PPP over a century: cointegration and structural change. Applied Financial Economics Letters. 3 (5), 319-325
Koubouros, M., Malliaropulos, D. and Panopoulou, E., (2007). Temporary and permanent market risks: Some further evidence. Mathematical and Computer Modelling. 46 (1-2), 163-173
Groom, B., Koundouri, P., Panopoulou, E. and Pantelidis, T., (2007). Discounting the distant future: How much does model selection affect the certainty equivalent rate?. Journal of Applied Econometrics. 22 (3), 641-656
Caporale, GM., Panopoulou, E. and Pittis, N., (2005). The Feldstein–Horioka puzzle revisited: A Monte Carlo study. Journal of International Money and Finance. 24 (7), 1143-1149
Panopoulou, E. and Pittis, N., (2004). A comparison of autoregressive distributed lag and dynamic OLS cointegration estimators in the case of a serially correlated cointegration error. The Econometrics Journal. 7 (2), 585-617
Book chapters (5)
Panopoulou, E. and Kalyvitis, S., (2014). Measuring Risk Aversion Across Countries from the Consumption-CAPM: A Spectral Approach. In: Dynamic Modeling and Econometrics in Economics and Finance. Springer International Publishing. 249- 261. 9783319070605
Panopoulou, E. and Pantelidis, T., (2011). Stock market bubbles and crises: The case of East Asian emerging markets. In: The Stock Market: Crisis, Recovery and Emerging Economies. 93- 118
Flavin, TJ., Panopoulou, E., Pantelidis, T. and Unalmis, D., (2011). The effects of asymmetric volatility shocks on equity and foreign exchange rate interactions. In: Finance and Banking Developments. 137- 157
Flavin, T. and Panopoulou, E., (2009). Dealing with East Asian Equity Market Contagion. In: Chapman & Hall/CRC Finance Series. CRC Press. 475- 491. 9781439804506
Panopoulou, E., (2008). Frequency-domain versus time-domain estimates of risk aversion from the C-CAPM: The case of Latin American emerging markets. In: Economics of Emerging Markets. 239- 253
Reports and Papers (22)
Panopoulou, E., The Predictive Content of Financial Variables: Evidence from the Euro Area
Panopoulou, E., The Predictive Content of Financial Variables: Evidence from the Euro Area
Panopoulou, E. and Pantelidis, T., The Forecasting Performance of Regime-Switching Models of Speculative Behavior for Exchange Rates
Malliaropulos, D., Panopoulou, E., Pantelidis, T. and Pittis, N., The Contribution of Growth and Interest Rate Differentials to the Persistence of Real Exchange Rates
Malliaropulos, D., Panopoulou, E., Pantelidis, T. and Pittis, N., Sticky Prices and the Purchasing Power Parity Puzzle
Hepburn, CJ., Koundouri, P., Panopoulou, E. and Pantelidis, T., Social Discounting under Uncertainty: A Cross-Country Comparison
Hepburn, CJ., Koundouri, P., Panopoulou, E. and Pantelidis, T., Social Discounting Under Uncertainty: A Cross-Country Comparison
Flavin, T. and Panopoulou, E., Shift versus Traditional Contagion in Asian Markets
Flavin, T. and Panopoulou, E., Shift Versus Traditional Contagion in Asian Markets
Kalyvitis, SC. and Panopoulou, E., Consumption Risk Over the Frequency Domain
Panopoulou, E. and Plastira, S., Combination Forecasts of Bond and Stock Returns: An Asset Allocation Perspective
Panopoulou, E., A Resolution of the Fisher Effect Puzzle: A Comparison of Estimators
Meligkotsidou, L., Panopoulou, E., Vrontos, ID. and Vrontos, SD., A Quantile Regression Approach to Equity Premium Prediction
Meligkotsidou, L., Panopoulou, E., Vrontos, ID. and Vrontos, SD., Quantile Forecast Combinations in Realised Volatility Prediction
Panopoulou, E., PPP Over a Century: Cointegration and Structural Change
Meligkotsidou, L., Panopoulou, E., Vrontos, ID. and Vrontos, SD., Out-of-Sample Equity Premium Prediction: A Complete Subset Quantile Regression Approach
Argyropoulos, C. and Panopoulou, E., Measuring the Market Risk of Freight Rates: A Forecast Combination Approach
Panopoulou, E., Pittis, N. and Kalyvitis, SC., Looking Far in the Past: Revisiting the Growth-Returns Nexus with Nonparametric Tests
Flavin, T. and Panopoulou, E., International Portfolio Diversification and Market Linkages in the Presence of Regime-Switching Volatility
Panopoulou, E. and Pantelidis, T., Integration at a Cost: Evidence from Volatility Impulse Response Functions
Panopoulou, E. and Vrontos, SD., Hedge Fund Return Predictability; to Combine Forecasts or Combine Information?
Panopoulou, E. and Plastira, S., Fama French Factors and US Stock Return Predictability
