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Professor Fariborz Moshirian

Professor Fariborz Moshirian

Professor
  • PhD, Monash University
  • MEc, Monash University
  • GDip, University of New England
  • BA, University of Tasmania
Business School
School of Banking and Finance

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Fariborz Moshirian is the Director of the Institute of Global Finance (IGF) and an AGSM Scholar at the UNSW Business School, Sydney. The IGF undertake collaborative research on global systemic risk, global governance, financial innovation and global financial stability with the NYU and UCLA. The IGF has done joint work with the Asian Development Bank, the IMF, the World Bank, PwC and a number of world-class research centres. Fariborz was the Bertil Danielsson Professor of Finance at the Stockholm School of Economics.Ěý He is a consultant to the Asian Development Bank. He served as the Head of the School of Banking and Finance at UNSW for over four years.Ěý

Fariborz has published a number of influential research works in leading international journals, including the Journal of Finance, the Journal of Financial Economics, the Journal of Financial and Quantitative Analysis, and the Journal of Banking and Finance. These research works cover subjects such as global governance, global public goods, global financial stability, monetary and macroeconomic policies, interconnectedness, global systemic risk and global prosperity.

He serves as an associate editor of a few major international journals. He has also been the editor of fifteen special issues in leading journals published by Elsevier. The themes covered include: global governance, global public goods, Ěýglobal banking system, monetary policies, the global financial crisis, the global health crisis (COVID-19), globalisation, global financial architectures, fintech and central Bank digital currencies, effective macroeconomic policies, millennium development goals,Ěýsustainable economic growth and global prosperity.ĚýHe has also been the co-editor of a number of policy works in collaboration with senior researchers from the World Bank, the IMF, the Bank for International Settlements, the Federal Reserve Bank of New York, the Bank of England and the Reserve Bank of Australia on issues related to monetary, fiscal and macroeconomic policies, including the following publications: “Globalization and Financial Services in Emerging Countries”; “Global Financial Crisis, Risk Analysis and Risk Management”; “Systemic Risk, Basel III, Global Governance and Financial Stability” and “Systemic Risk: Liquidity Risk, Governance and Global Financial Stability”.

Phone
+61 2 9385 5859
Location
UNSW Business School - Ref E12 Level 3, Room 318
  • Book Chapters | 2019
    Moshirian F; Wu E, 2019, 'Banking in Australia and New Zealand—Geographic Proximity, Market Concentration, and Banking Integration', in The Oxford Handbook of Banking, Oxford University Press, pp. 1190 - 1213,
    Book Chapters | 2014
    Moshirian F, 2014, 'Introduction', in Global Shock, Risks, and Asian Financial Reform, Edward Elgar Publishing, pp. 197 - 203,
  • Journal articles | 2024
    Claessens S; Cong LW; Moshirian F; Park CY, 2024, 'Opportunities and challenges associated with the development of FinTech and Central Bank Digital Currency', Journal of Financial Stability, 73,
    Journal articles | 2023
    Moshirian F; Pham P; Tian S; Wu E, 2023, 'Foreign Ties that Bind: Cross-border Firm Expansions and Fund Portfolio Allocation around the World', Journal of Financial and Quantitative Analysis, 58,, pp. 1768 - 1807,
    Journal articles | 2021
    Moshirian F; Zhang B; Tian X, 2021, 'Stock Market Liberalization and Innovation,', Journal of Financial Economics, 139, pp. 985 - 1014,
    Journal articles | 2021
    N Berger A; Demirgßç-Kunt A; Moshirian F; Saunders A, 2021, 'The way forward for banks during the COVID-19 crisis and beyond: Government and central bank responses, threats to the global banking industry', Journal of Banking and Finance, 133,
    Journal articles | 2017
    Luong H; Moshirian F; Nguyen L; Xuan T; Zhang B, 2017, 'How Do Foreign Institutional Investors Enhance Firm Innovation.', Journal of Financial and Quantitative Analysis, 52, pp. 1449 - 1490,
    Journal articles | 2015
    Dang TL; Moshirian F; Zhang B, 2015, 'Commonality in news around the world', Journal of Financial Economics, 116, pp. 82 - 110,
    Journal articles | 2013
    Deng H; Moshirian F; Pham PK; Zein J, 2013, 'Creating value by changing the old guard: The impact of controlling shareholder heterogeneity on firm performance and corporate policies', Journal of Financial and Quantitative Analysis, 48, pp. 1781 - 1811,
    Journal articles | 2011
    Moshirian F, 2011, 'The global financial crisis and the evolution of markets, institutions and regulation', Journal of Banking and Finance, 35, pp. 502 - 511,
    Journal articles | 2008
    Cole R; Moshirian F; Wu Q, 2008, 'Bank stock returns and economic growth', Journal of Banking and Finance, 32, pp. 995 - 1007,
    Journal articles | 2007
    Li D; Moshirian F; Pham KP; Zein J, 2007, 'When Financial Institutions are Large Shareholders- The Role of Macro Corporate Governance Environments', Journal of Finance, 61, pp. 2975 - 3007

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Memberships - Editorial Boards

  • A member of the Advisory Board of the Journal of Banking and Finance
  • An Associate Editor, Journal of Banking and Finance
  • A member of the Editorial Board of Global Credit Review
  • Associate Editor, Journal of Multinational Financial Management

Memberships - Company Boards, Professional Associations

  • A Consultant to the Asian Development Bank

In the Media

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Media Appearances

2022

DiscussionĚýon some of the global economic challenges and opportunities for the year ahead, 4 Janaury, Bloomberg TV

2021

G20 and Minimum Global Corporate Tax, Fariborz Moshirian, on CNBC, 9 July, 2021

Following the proposal from Janet Yellen on minimum global corporate tax, Fariborz Moshirian discusses the merit of a global corporate tax. Australian business news

2020

UK’s Long Lockdown pushed GDP to historic lows, Fariborz Moshirian, CNBC, 2020

Ěý

UK faces enormous uncertainty from COVID-19 and Brexit, CNBC, 24 June 2020


On the consequences of COVID 19 on the UK Economy, CNBC, 8 April, 2020

An Ěýinterview on the ABC National TV News on the impact of COVID 19 on the global economy, 18 March, 2020.

On Bloomberg TV talking on some of the major challenges and opportunities for 2020. Bloomberg TV, Jan, 2020.

Bloomberg TV Talking on Some of the Major Challenges and Opportunities for 2020 – Bloomberg 02 January 2020

2019

ĚýTV interview on Bloomberg on Challenges facing the UK and the EU, dated 14 December, 2019.

TV Interview on Bloomberg on Challenges Facing the UK and the EU-- Bloomberg
14 December 2019

Possible to Get Brexit Deal Through by End of Week, Bloomberg, 22 Oct 2019

Brexit backstop has not been resolved, expert says – CNBC 24 September 2019

Discussion on Trade war between the US and China, National News ABC National TV, Oct 2019

There will be an extension to Brexit if there’s no deal: Academic – CNBC, 8 Oct 2019

Discussion the implication of Brexit on the European Union and its strategic policiesĚý in the World,Ěý National News ABC TV, Sept,

Suspending the UK parliament is an ‘incredible risk’: Professor – CNBC, August, 2019.

Italian coalition is no longer working together, expert says – CNBC, August.

Discussion on Trade war between the US and China, National News ABC TV, 30 July 2019

Has the Heyday of Central Bank Independence Died? – Bloomberg, July 2019 Ěý

51łÔšĎapp discount the possibility of a second Brexit referendum: Prof – CNBC, June 2019

Professor weighs in on who could be the next UK PM – CNBC, May 2019

The Impact of EU Parliamentary Elections on Brexit – CNBC, May, 2019

Brexit: What Are the Next Steps for the U.K.? – Bloomberg, March, 2019
The UK is in a 'fairly uncertain' time over Brexit, says Professor – CNBC, 11 March.

Discussing the UK Parliament's new independent group – CNBC, 22 Feb.

Analyst says a new plan on Brexit is not expected – CNBC, Jan, 2019

The UK is divided and 'bruised' from Brexit: Professor – CNBC, Jan, 2019.

2018

Possibility of calling off Brexit is 'quite likely': Professor – CNBC, Dec 2018

France’s fuel protests story is ‘not over’: Professor – CNBC, 4 Dec 2018

Professor discusses the possible scenarios for Brexit – CNBC 16 Nov 2018

Will Brexit happen? -- ABC National Radio 15 Nov 2018

Theresa May could win the 'battle' but lose the 'war': Professor – CNBC 17 Oct 2018

AnĚý emerging synergy between Japan and China for trade and investment; SBS National News TV,Ěý on 13 October 2018.

Reflection on the 10th anniversary of the Global Financial Crisis; ABC TV, September, 2018.

Lessons learnt from the GFCs; Skynews Business, September, 2018.

Discussing Theresa May's Brexit Chequers plan – CNBC, 30 Sept

Global market’s demand for commodities and its implications for resource-rich nations such as Australia; BBC, August, 2018.

The US is isolating itself from the world economy – CNBC, July 2018

'We are in a crisis in the UK,' says professor -- CNBC-July 9, 2018

G-20 is set to talk free trade and protectionism: Professor – CNBC -March 18,Ěý2018

2017

EU has 'every interest to make it difficult' for the UK to get a good... –CNBC, December.
Britain will need to listen to the European Union's terms on Brexit—CNBC, -November 19, 2017

The euro zone should perform much better in the coming year—CNBC-October 8, 2017

Euro zone growth picks up—CNBC-August 1, 2017

Professor Moshirian Says Brexit Is Unchartered Territory—Bloomberg-July 18, 2017

Climate Change, Trade on G-20 Agenda—CNBC -July 6, 2017

What to Expect From the Start of Brexit Negotiations--Bloomberg-June 19, 2017

How Brexit will impact the UK auto industry –CNBC -March 30, 2017

Dutch elections may have a domino effect—CNBC, 15 March 2017

2016

‘IMF Wants a Positive Resolution for Greece’, CNBC, 14 April 2016.

‘How Effective are the ECB’s Policies’, CNBC, 22 April 2016.

‘The G7 Summit’, CNBC, 23 May 2016.

‘The Brexit Effects’, CNBC, 02 July 2016.

‘Brexit Fallout’, Bloomberg, 02 July 2016.

‘Issues, Challenges and Opportunities Facing Europe’, CNBC, 08 August 2016.

‘The Urge for the Unity of the European Union’, CNBC, 19 September 2016.

‘The UK Budget which Reflects Cost of Brexit’, CNBC, 30 November 2016.

‘World Bank report showing minimal growth in developed countries under TPP expected’, Business News – China Daily, 12 January 2016.

‘News Analysis: World Bank report showing minimal growth in developed countries under TPP expected’, East Day, 12 January 2016. ‘No foreign bank exodus expected (pdf)’, Jassa Issues – Finsia, 9 February 2016.

‘Mining, energy firms in trouble as oil price slides; fears of bankruptcies unless commodity recovers’, ABC Radio Australia News, 22 February 2016.

‘Fuel Price Hits A 12-Year Low, Here's Why Petrol Is So Cheap Right Now’, The Huffington Post Australia, 24 February 2016.

‘Inaugural awards attract high-profile judges’, Sterling Publishing, 4 March 2016, ‘More PhDs are leaving academia to launch their own businesses’, The Globe and Mail, 19 April 2016

‘Financial Market Equilibrium When Stock Ownership Is a Consumption Good’, ValueWalk, 28 April 2016

‘News Analysis: Political interference risks undermining Asia's growth potential’, China.org.cn, 6 May 2016

‘Academic: Expect tough Greece debt negotiations’, Yahoo Finance, 24 May 2016,

‘G20 summit was a success and at the same time you should be very cautious when someone says the global economy is looking like what we have witnessed with the collapse of the Lehmann Brothers’, Sky Business, 30 May 2016

‘Australian Law Awards judges revealed’, Lawyers Weekly, 14 July 2016.

‘Europe faces a 'nationalism vs globalism' issue: Academic’, Yahoo! Finance, 22 July 2016.

‘Big banks have once again returned to the political firing line over their decision not to pass on this week's RBA rate cut in full to borrowers.’, ABC Radio National, 5 August 2016.

‘Interest rates: Depositors miss out on interest rise with most using savings, transaction accounts’, ABC.net.au, 5 August 2016,

‘Dollar steady as investors await more data’, AAP Newswire, 8 September 2016,

‘RBA deputy governor Philip Lowe says supervision is as important as reform’, Australian Financial Review, 8 September 2016

‘DIARY-Top Economic Events to Sept. 20’, Reuters.com, 8 September 2016, ‘Global capital shortfall approaching $4tn’, investordaily.com.au, 12 September 2016, ‘Jean-Claude Juncker is calling for unity’, CNBC, 15 September 2016

‘Innovation Minister Hunt promises CSIRO money for blue sky research, Campus Morning Mail, 19 September 2016,

‘News Analysis: Peru APEC is opportunity to fight against protectionism’, China Gate, 18 November 2016

‘Spotlight: Australia-China economic ties seen as major part of trade, investment in region, beyond’, China.org, 21 November 2016, ‘Interview: Australia set for major economic developments in year ahead’, China.org, 7 December 2016,

‘Live cross to press conference with Scott Morrison, Federal Treasurer in Sydney’, Sky News, 14 December 2016,

‘Interest rates: Depositors miss out on interest rise with most using savings, transaction accounts’, ABC News, 4 August 2016

2015

‘Charting the risk of a Federal Reserve rate hike’, Bloomberg, 14 December 2015

‘Emergency bank aid could be cut off to Greece’, ABC News, 22 June 2015

‘European Union tells Greece to stop gambling with its future and do deal to avoid default’, ABC News, 12 June 2015

‘Expect some compromise over Greece: Moshirian’, Bloomberg, 22 June 2015

‘Experts draw hope from Syriza's Greek election victory’, ABC News, 21 September 2015<http://www.cnbc.com/2015/09/21/alexis-tsipras-syriza-greek-election-win-a-good-sign-for-reform.html>.

‘Global financial update’, ABCTV News, 24 April 2015.

‘Global financial update’, ABC TV News, 27 April 2015.

‘Global financial update’, ABC TV News, 11 May 2015.

‘Global financial update’, ABC TV News, 8 June 2015.

‘Global financial update’, ABC TV News, 9 June 2015.

‘Global financial update’, ABC TV News, 24 June 2015.

‘Global financial update’, ABC TV News, 29 June 2015.

‘Global financial update’, ABC TV News, 12 August 2015.

‘Global financial update’, ABC TV News, 13 August 2015.

‘Global financial update’, ABC TV News, 26 August 2015.

‘Global financial update’, ABC TV News, 17 September 2015.

‘Global financial update’, ABC TV News, 21 September 2015.

‘Global financial update’, ABC TV News, 7 October 2015.

‘Global financial update’, ABC TV News, 21 October 2015.

‘Greece won the battle, but may lose war: Moshirian’, Bloomberg, 6 July 2015 <www.bloomberg.com/news/videos/2015-07-06/greece-won-the-battle-but-may-lose-war-moshirian>.

‘Greek debt crisis: Why are the country's citizens lining up outside ATMs?’, ABC News, 1 July 2015 <http://www.abc.net.au/news/2015-07-01/why-are-greeks-lining-up-outside-atms-banks-crisis/6586770>.

‘Greek debt talks collapse’, ABC News, 17 February 2015

‘Greek default would be “dangerous” for Euro: Engle’, Bloomberg, 16 February 2015 <http://www.bloomberg.com/news/videos/2015-02-16/greek-default-would-be-dangerous-for-euro-area-engle>.

‘Greek talks breakdown sparks market jitters’, CNBC, 16 February 2015

‘Here's what you need to know about the G20 summit’, CNBC, 12 November 2015

‘Hopes rise that Greece can strike last minute deal to avoid debt default’, ABC News, 22 June 2015 <

‘Is debt forgiveness by international lenders the only way out for Greece?’, ABC News, 29 June 2015 <

‘Is the 'time-out' option feasible for Greece?’, CNBC, 12 July 2015

‘Merkel thwarts revolt by German refugee critics’, Bloomberg, 14 December 2015

‘Positive signs in the fight to avoid a 'Grexit'’, ABC News, 23 June 2015

‘The chance of a Grexit stands at 30-40%: Expert’, CNBC, 17 June 2015

‘Video: Nobel Laureate: whether the RBM will become an international currency’, Youku, 24 November 2015,

‘What do we get wrong about the VIX?’, Bloomberg, 5 November 2015,

‘What's holding back a Greek bailout deal’, CNBC, 23 April 2015

‘Why a Greek default doesn't mean a Grexit’, CNBC, 28 June 2015

‘Why Syriza's election victory is good news’, CNBC, 20 September 2015

‘Will Greece see fresh capital outflows?’, CNBC, 31 August 2015

‘IMF says Greece needs debt relief and additional bailout funds to stay afloat’, ABC Radio, 3 July 2015

‘Greek debt crisis: new leaders in drive to re-negotiate bailout package’, ABC Radio, 3 February 2015

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2014

‘Murray warns Australian economy at risk in future financial crisis’, ABC PM, 8 December 2014

‘Financial System Inquiry Murray report tipped to ask big banks to hold more capital on their books’, ABC News, 6 December 2014

‘Will G20 pledges amount to real outcomes?’, ABC TV News, 17 November 2014

‘G20: Economists sceptical about reaching growth target’, ABC, 17 November 2014

‘Bank for International Settlements warns of risk of house price falls in overvalued markets’, ABC PM, 15 September 2014

‘Argentina defaults on debt to 'vulture funds'’, ABC News, 1 August 2014

‘One of South America's most populous countries, Argentina, is back down at the bottom of the economic roller-coaster’, ABC PM, 31 July 2014

‘BNP Paribas fined almost $9bn for breaking global trade sanctions’, The World Today, 1 July 2014

‘G20 growth target can't be enforced’, ABC News, 24 February 2014

2013

‘Banking giants fined $2.5b for rate fixing cartel’, ABC Radio, 5 December 2013

‘JP Morgan Chase agrees to $13 Bln settlement’, ABC Radio, 20 November 2013

‘United States' financial jitters could provide a boost to China's financial system’, ABC News, 17 October 2013

‘Warnings of global catastrophe is US can't pay its debts’, ABC Radio, 4 October 2013

‘Emerging economies plan World Bank rival’, ABC News, 28 March 2013

2012

‘No happy ending if Greece leaves eurozone – economists’, ABC Radio, 17 May 2012

‘Greek impasse sees dollar slip below parity’, ABC News, 14 May 2012

‘Euro has to come ahead of national interests: professor’, ABC News, 1 June 2012

2011

‘Europe agrees on debt crisis deal’, ABC Radio, 27 October 2011

‘Markets slump on Greek default 'certainty'’, ABC Radio, 12 Sept 2011

‘Former PM faces Iceland court over economic meltdown’, ABC Radio, 6 September 2011

‘Cloud over Australia's manufacturing industry’, ABC Radio, 23 August 2011

‘Share market finishes week ahead after days of extra-ordinary volatility’, ABC Radio, 12 August 2011

‘Relief rally on debt deal but fears US AAA credit rating could be cut’, ABC Radio, 1 August 2011

‘Greek bailout deal a step closer’, ABC Radio, 21 July 2011

‘EU Greek bailout agreement close’, 21 July 2011, ABC News

‘European Central Bank raises interest rates to curb price rises’, ABC Radio, 8 July 2011

‘Warning on US debt triggers sharemarket falls’, ABC Radio, 19 April 2011

‘Inflation poses new threat to emerging Asia’, ABC Radio, 18 April 2011

‘Report says IMF failed to see global financial crisis’, ABC Radio, 10 Feb 2011

‘IMF ignored crisis warnings, watchdog finds’, ABC News, 10 February 2011

2010

‘Bank of America admits to fraud in municipal bond market’, ABC Radio, 8 December 2010

‘Bank of America agrees to $140m fraud settlement’, ABC News, 8 December 2010

‘Employer groups warn against wages breakout after TWU secures pay rises’, ABC Radio, 25 November 2010

‘Europe bickers as Ireland burns’, ABC Radio, 17 November 2010

‘Currencies and banking sticking points for G20’, ABC Radio, 12 November 2010

‘Bernanke says couldn't save Lehman’, ABC Radio, 3 September 2010

‘G20 countries considering individual national bank taxes’, ABC Radio, 8 June 2010

‘German economic confidence measure backfires’, ABC Radio, 19 May 2010

‘Greek Prime Minister says Greece won't need bailout’, ABC Radio, 22 February 2010

‘IMF questions inflation for targeting interest rates’, ABC Radio, 15 February 2010

‘Economist Prof. Fariborz Moshirian tells Peter Ryan that the IMF report is not holistic.’, ABC News, 15 Feb 2010

‘Smaller banks fear end of guarantee’, ABC News, 8 February 2010

‘End of government bank guarantee puts pressure on regional banks’, ABC Radio, 8 February 2010

‘Business editor Peter Ryan discusses the bank guarantee with Prof. Fariborz Moshirian’, ABC News, 8 February 2010

‘Greece wants guarantee or loan, not bailout’, ABC News, 22 February 2010

2009

‘Rates back in normal range, says RBA man, as growth disappoints’, ABC Radio, 16 December 2009

‘More shocks to come, warns IMF’, ABC News, 24 November 2009

‘Crackdown on credit ratings agencies’, ABC Radio, 13 November 2009

‘ASIC crackdown on credit ratings agencies’, ABC News, 13 Nov 2009

‘Asian Union plan finds support’, ABC Radio, 27 October 2009

‘Doubts G20 will deliver on promises’, ABC Radio, 25 September 2009

‘Financial 9/11, one year on’, 15 September 2009, ABC News

‘Lower international borrowing costs for banks but risks remain’, ABC Radio, 14 September 2009

‘Banks reluctant to lend, despite falling costs’, ABC News, 14 September 2009

‘G20 leaders meet as OECD says return to growth this year’, ABC Radio, 4 September 2009

‘G20 set to discuss stimulus, bank salaries’, ABC News, 4 September 2009

‘Rates will rise again: Swan’, ABC News, 1 September 2009

‘IMF warns of risks for Australia's economy’, ABC Radio, 10 August 2009

‘RBA 'should consider more rate cuts'’, ABC News, 10 August 2009

‘Suncorp buyout 'will have long-term costs'’, ABC News, 6 August 2009

‘Banks should ditch the guarantee: RBA’, ABC News, 28 July 2009

‘Wall Street rallies as Roubini says worst might be over.’, ABC Radio, 17 July 2009

‘WTO warns against trade barriers’, ABC Radio, 2 July 2009

‘US pledges major overhaul of financial system’, ABC Radio, 18 June 2009

‘US Reserve rates credit rating agencies’, ABC Radio, 15 May 2009

‘Two academics debate views on the economic recovery package’, ABC Radio, 3 April 2009

‘Opes Prime, Merrill Lynch’, ABC Radio, 6 March 2009

‘Obama's stimulus package: 'the beginning of the end' or 'the end of the beginning'’, ABC Radio, 18 February 2009

2008

‘Peter Ryan talks to Professor Fariborz Moshirian’, ABC News, 13 Oct 2008

‘US central bank chief warns of interest rate rise’, ABC Radio, 9 October 2009

‘European banks exposed to Madoff funds’, ABC Radio, 15 December 2008

‘Expert warns of failure to act on financial crisis’, ABC Radio, 17 November 2008

‘Rudd offering 'put up or shut up' fund solution’, ABC News, 29 October 2008

‘Mortgage funds to 'put up or shut up' under deposit guarantee’, ABC Radio, 29 October 2008

‘Allco moves to avoid financial fallout’, ABC Radio, 23 October 2008

‘Govt under pressure to clarify deposit guarantee’, 22 October 2008, ABC Radio

‘Expert talks about upcoming global financial summit’, ABC Radio, 20 October 2008

‘Australian market surges as weekly trade opens’, ABC Radio, 13 October 2008

‘Govt's hand forced on margin lending’, ABC Radio, 11 April 2008

2007

‘Officials move in on protesters before APEC’, ABC Radio, 1 September 2007

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My Teaching

  • MBA 0203, Trade & International Business
  • MBA 5325 International Finance
  • MBAX 91400 Global Finance
  • FINS3616 International Business Finance
  • FINS5530 Financial Institutions Management
  • FINS5516 International Corporate Finance
  • FINS5568 Capstone - Portfolio Management Process