Vita August International Finance and Trade, Time Series Analysis and Business Forecasting, Macroeconomics

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1 Vita August 2009 Su Zhou Professor of Economics Department of Economics, University of Texas at San Antonio San Antonio, TX , DEGREES: B.S. Physics Jiao Tong University, Shanghai, P. R. China, 1982 M.S. Economics Arizona State University, 1988 Ph.D. Economics Arizona State University, 1991 FIELDS OF SPECIALIZATION: International Finance and Trade, Time Series Analysis and Business Forecasting, Macroeconomics EXPERIENCE: Professor, Department of Economics, University of Texas at San Antonio (UTSA) Associate Professor, Department of Economics, UTSA Assistant Professor, Division of Economics and Finance, UTSA Graduate Assistant/Associate, Department of Economics, Arizona State University Spring 1990 Research Associate for John Williamson, Institute for International Economics Research Fellow, Department of Social Science & Engineering, Jiao Tong University Instructor, Department of Applied Physics, Jiao Tong University HONORS, AWARDS, AND GRANTS: UTSA President's Distinguished Achievement Award for Excellence in Core Curriculum Teaching. UTSA 1997 President's Distinguished Achievement Award for Excellence in Research. College of Business Advisory Council Research Award.

2 HONORS AND AWARDS (Continued): University Faculty Research Grant, UTSA, 1995, College of Business Summer Research Grant, UTSA, 1992, 1994, 1996, 1997, Member of the Honor Society of Phi Kappa Phi - Invited by Arizona State University, April William H. Barchilon Award in Economics (1989) - Awarded by the faculty of the Department of Economics, Arizona State University, to the outstanding graduate student in economics. Member of Beta Gamma Sigma - Invited by the College of Business of Arizona State University, April The Prize with the First Honor for "Excellence in Teaching" - Awarded by Jiao Tong University in June The Prize with the Title of "The Outstanding Graduate" - Awarded by Jiao Tong University in February PUBLICATIONS: A. Refereed Journal Articles 1. Bahmani-Oskooee, Mohsen, Ali M. Kutan, and Su Zhou. "Black and Official Market Exchange Rates and Purchasing Power Parity: Evidence from Latin America." Applied Economics Letters (2009, forthcoming). 2. Bahmani-Oskooee, Mohsen, Ali M. Kutan, and Su Zhou. "Toward Solving the PPP Puzzle: Evidence from 113 Countries." Applied Economics (2009, forthcoming). 3. Bahmani-Oskooee, Mohsen, Ali M. Kutan, and Su Zhou. "A Century of PPP: Supportive Results from Nonlinear Unit Root Tests." Global Business and Economics Review, 11(1), 2009, pp Kutan, Ali M. and Su Zhou. "Enlargement of the European Union and Behavior of Real Exchange Rates." Review of Development Economics 12(3), August 2008, pp Zhou, Su, Mohsen Bahmani-Oskooee, and Ali M. Kutan. "Purchasing Power Parity before and after the Adoption of the Euro." Weltwirtschaftliches Archiv. (Review of World Economics) 144(1), April 2008, pp Bahmani-Oskooee, Mohsen, Ali M. Kutan, and Su Zhou. "Do Real Exchange Rates Follow a Non-Linear Mean Reverting Process in Developing Countries?" Southern Economic Journal 74(4), April 2008, pp

3 A. Refereed Journal Articles (Continued) 7. Zhou, Su. "Stationarity of Asian-Pacific Real Exchange Rates." Economics Letters 98, January 2008, pp Bahmani-Oskooee, Mohsen, Ali M. Kutan, and Su Zhou. "A Century of Purchasing Power Parity: Further Evidence." Economics Bulletin, Vol. 6, No. 31, August 2007, pp Zhou, Su. "The Dynamic Relationship between the Federal Funds Rate and the Eurodollar Rates under Interest-Rate Targeting." Journal of Economic Studies 34(2), 2007, pp Bahmani-Oskooee, Mohsen, Ali M. Kutan, and Su Zhou. "Testing PPP in the Non-linear STAR Framework." Economics Letters 94, January 2007, pp Brada, Josef C., Ali M. Kutan, and Su Zhou. "Real and Monetary Convergence between the European Union's Core and Recent Member Countries: A Rolling Cointegration Approach." Journal of Banking and Finance 29, January 2005, pp Zhou, Su and Ali M. Kutan. "Does the forward premium anomaly depend on the sample period used or on the sign of the premium?" International Review of Economics and Finance 14(1), 2005, pp Kutan, Ali M. and Su Zhou. "Has the Link between the Spot and Forward Exchange Rates Broken Down?" Open Economies Review 14, October 2003, pp Zhou, Su. "Interest Rate Linkages within the European Monetary System: New Evidence Incorporating Long-run Trends." Journal of International Money and Finance 22, August 2003, pp Zhou, Su. "Evidence on the Stationarity of ERM Exchange Rates." Applied Economics Letters 10, March 2003, pp Zhou, Su. "The Forward Premium Anomaly and the Trend Behavior of the Exchange Rates." Economics Letters 76, July 2002, pp Zhou, Su. "The Power of Cointegration Tests Versus Data Frequency and Time Spans." Southern Economic Journal 67, April 2001, pp Zhou, Su. "Testing Structural Hypotheses on Cointegration Relations with Small Samples." Economic Inquiry 36, October 2000, pp Zhou, Su. "Exchange Rate Systems and Linkages in the Pacific Basin." Atlantic Economic Journal 26, March 1998, pp Zhou, Su. "Purchasing Power Parity in High-Inflation Countries: A Cointegration Analysis of Integrated Variables with Trend Breaks." Southern Economic Journal 64, October 1997, pp

4 A. Refereed Journal Articles (Continued) 21. Mahdavi, Saeid and Su Zhou. "Gold and Commodity Prices as Leading Indicators of Inflation: Tests of Long-Term Relationship and Predictive Performance." Journal of Economics and Business 49, September/October 1997, pp Hafer, Rik W., Ali M. Kutan, and Su Zhou. "International Linkages in the Term Structure of Interest Rates: Evidence from the EMS." Journal of International Money and Finance 16, August 1997, pp Brada, Josef C., Ali M. Kutan, and Su Zhou. "The Exchange Rate and the Balance of Trade: The Turkish Experience." Journal of Development Studies 33, June 1997, pp Zhou, Su, Lila Truett, and Dale Truett. "The Relations Among Canadian, Mexican, and United States Short-Term Money Market: A Pre-NAFTA Analysis." Journal of Economic Integration 11, September 1996, pp Zhou, Su. "Trade Connections and Interest Rate Linkages Among ASEAN, Japan, and the U.S." Applied Economics 28, May 1996, pp Zhou, Su and Saeid Mahdavi. "Simple vs. Generalized Empirical Interest Rate and Purchasing Power Parity Models of Exchange Rates." Quarterly Review of Economics and Finance 36, Summer 1996, pp Zhou, Su. "The Response of Real Exchange Rates to Various Economic Shocks." Southern Economic Journal 61, April 1995, pp Kutan, Ali M. and Su Zhou. "Socio-Political Instability, Volatility, and the Bid-Ask Spread: Evidence from Free Market for Dollars in Poland." Open Economies Review 6, July 1995, pp Mahdavi, Saeid and Su Zhou. "Purchasing Power Parity in High-Inflation Countries: Further Evidence." Journal of Macroeconomics 16, Summer 1994, pp Brada, Josef C., Ali M. Kutan, and Su Zhou. "China's Exchange Rate and Balance of Trade." Economics of Planning 26, 1993, pp Kutan, Ali M. "Political Turmoil and Financial Market Behavior in Reforming Market- Oriented Economies: The Case of Poland." Applied Economics 25, June 1993, pp Zhou, Su. "Fundamental Equilibrium Exchange Rates and Exchange Rate Dynamics." Open Economies Review 4, April 1993, pp Melvin, Michael and Su Zhou. "Do Centrally Planned Exchange Rates Behave Differently from Capitalist Rates?" Journal of Comparative Economics 13, June 1989, pp

5 DISSERTATION: PhD Dissertation Committee Member: James Hackard, Department of Finance, UTSA, Valeria A.M. Gonzalez, Department of Finance, UTSA, Zi Ning, Department of Finance, UTSA, Biqing Huang, Department of Finance, UTSA, COURSES TAUGHT SINCE FALL 2005: Graduate: ECO&STA 7083 Time Series Analysis ECO 6013 Econometrics and Business Forecasting ECO 6323 International Trade and Finance Undergraduate: ECO 2023 Introductory Microeconomics ECO 2013 Introductory Macroeconomics OTHER PROFESSIONAL SERVICE ACTIVITIES: Faculty Advisor of the Vietnamese Student Association ( ) Faculty Advisor of the Chinese Student Association ( ) Faculty Advisor of the International Student Friendship Ministries ( ) Member of the University Review Committee ( ) Member of the University Graduate Council ( ) Member of the UTSA Faculty Grievance Committee ( ) Member of the UTSA Graduate Council Committee on Graduate Programs & Courses ( ) Chair of the Department Periodic Performance Evaluation and Review Committee ( , 08-09) Chair of the Department Faculty Review Advisory Committee ( ) Chair of the MA-Economics Admission and Reinstatement Committee (1999- ) Secretary of the MA-Economics Graduate Studies Committee (1999- ) Member of the Economics Department Planning Committee ( ) Member of the Economics Department Faculty Advisory Committee ( ) Member of the Division of Economics and Finance Faculty Advisory Committee ( , ) Member of the COB Faculty Development Leave Committee ( ) Member of the COB Promotion and Tenure Committee ( ) Member of the COB Ph.D. Committee ( ) Member of the COB Search Committee for the Director of East Asian Business Studies ( ) 5

6 OTHER PROFESSIONAL SERVICE ACTIVITIES (Continued): Member of the COB MBA Admission and Reinstatement Committee ( ) Member of the COB China Business Education Initiative Committee ( ) Member of the COB Faculty Advisory Committee ( ) Member of the COB Silver Anniversary Committee ( ) Member of the COB Research and Travel Committee ( ) Member of the Editorial Board of Emerging Markets Finance and Trade ( ) Academic Journal Referee for 1. American Economic Review 2. Applied Economics 3. Comparative Economic Studies 4. Contemporary Economic Policy 5. Eastern European Economics 6. International Economic Journal 7. International Journal of Business and Economics 8. International Review of Economics & Finance 9. Journal of Comparative Economics 10. Journal of Economic Integration 11. Journal of Economics 12. Journal of International Money and Finance 13. Journal of Macroeconomics 14. The Manchester School 15. Russian and East European Finance and Trade 16. Southern Economic Journal Member of the Board of Directors of the San Antonio Chinese Student-Scholar Association ( ) Member of the Board of Directors of the United Chinese Academy of San Antonio ( ) Member of the Africa-America-Asia Export Trading Consortium (U.S.A.) s Board of Advisors ( ). Member of (1) the American Economic Association, (2) the Western Economic Association International, (3) the Chinese Economists Society, and (4) the Association for Comparative Economic Studies. 6

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