How To Understand The Financial Markets

Transcription

1 ANTONIO J. RODRIGUEZ HOME ADDRESS 8619 Crossway Drive, Laredo, Texas, Phone: (956) BUSINESS ADDRESS Texas A&M International University College of Business Department of Economics and Finance 5201 University Boulevard Laredo, Texas, (956) Office (956) Fax ACADEMIC PREPARATION Ph.D., The University of Alabama, 1985 Major fields of study: Economics & Finance Minor fields of study: Econometrics & Monetary Theory and Policy Dissertation Title: "Futures Trading and Cash Market Rates Variability: An Empirical Study of the Treasury Bill Market" M.A., The University of Alabama, 1981 Major field of study: Finance ACADEMIC EXPERIENCE (AACSB ACCREDITED B-SCHOOLS) Texas A&M International University, TAMIU, College of Business, Laredo, Texas. Associate Professor of Finance, August present. Undergraduate courses taught: Introduction to Corporate Finance, Managerial Finance, Financial Markets and Institutions, Intermediate Corporate Finance, Strategic Financial Management, Investments, Managerial Economics, and Business Statistics. Graduate courses taught: Business Finance Concepts, Financial Management, International Financial Management, International Finance, Management Science, International Investments and Managerial Economics. 1

2 Instituto Centroamericano de Administración de Empresas, INCAE, Costa Rica. Profesor Adjunto de Finanzas, January August Graduate courses taught: Financial Management, Money and Capital Markets, and Seminar in Banking and Finance. University of Michigan-Flint, School of Management, Flint, Michigan. Assistant Professor of Finance, September December Undergraduate courses taught: Financial Principles, Investments, Portfolio Theory, Options and Futures, and Business Statistics. Graduate courses taught: Financial Management, and Business Economics. OTHER ACADEMIC EXPERIENCE Agricultural Bank of Greece TAMIU International Banking Program, Instructor, Taught International Finance in the TAMIU-ITESM Diplomado Program, Summer1998. Taught Financial Management in the MBA program of Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM), Summer1997. Taught International Finance and International Financial Management in the Universidad de las Americas (Costa Rica) - TAMIU (USA) Dual MBA Program, Spring1994. Executive Business Seminars and Executive MBA Programs throughout Mexico, Central and South America, INCAE, Taught Finance in the Operations Management Skills Program through the Office of Extension and Continuing Education, The University of Michigan-Flint, Teaching Assistant, The University of Alabama, Taught Business Finance Principles, Financial Institutions, Intermediate Corporate Finance, and Introduction to Microeconomics. ADMINISTRATIVE EXPERIENCE Acting Dean, College of Business, Texas A&M International University, June 2002 to November Associate Dean, College of Business, Texas A&M International University, 2001 to Present. Assistant to the Dean, College of Business, Texas A&M International University, 2000 to

3 Chair, Department of Accounting, Economics and Finance, College of Business, Texas A&M International University, 2003 to Present. Chair, Department of Economics and Finance, Texas A&M International University, 1999 to Interim Director, Center for the Study of the Western Hemispheric Trade, College of Business, TAMIU, Summer 2002 to Summer Editor, International Trade Journal, College of Business, Texas A&M International University, Summer 2002 to Present. PROFESSIONAL DEVELOPMENT ACTIVITIES Financial Management Association Annual Meeting, Toronto, Canada, October AACSB Workshop on the Internationalization of the Business School Curriculum, New York University, New York, June Financial Management Association Annual Meeting, Denver, Colorado, October Eastern Economics Association Annual Meeting, Philadelphia, Pennsylvania, April Eastern Finance Association Annual Meeting, Nashville, Tennessee, April Research Seminar on Futures Markets, Chicago Board of Trade, Chicago, Illinois, November Midwest Finance Association Annual Meeting, Chicago, Illinois, April Eastern Finance Association Annual Meeting, Bal Harbor, Florida, April Banking Seminar for College Faculty, Graduate School of Banking, University of Wisconsin, Madison, Wisconsin, June 1988 Academy of Financial services Annual Meeting, New Orleans, Louisiana, October Financial Management Association Annual meeting, New Orleans, Louisiana, October 1988 Southern Finance Association Annual Meeting, San Antonio, Texas, November Southern Finance Association annual Meeting, Orlando, Florida, November

4 Fall Research Seminar on Futures Markets, Owen School of Management, Vanderbilt University, Nashville, Tennessee, December Texas A&M University System, Fourth International Business Symposium, Corpus Christi, November Academy of International Business - Southwest Annual Meeting, Dallas, Texas, March Third Annual Conference on Economic Perspectives for the Americas, Laredo, Texas, September Mid-south Academy of Economics and Finance Annual Meeting, Biloxi, Mississippi, February Academy of International Business - Southwest Annual Meeting, Houston, Texas, March Southwestern Marketing Association Annual Meeting, Houston, Texas, March Global Finance Annual Conference, San Diego, California, May International Trade and Finance Association International Conference, San Jose, Costa Rica, May Financial Management Association Annual Meeting, New York, New York, October American Society of Business and Behavioral Sciences Annual Meeting, Las Vegas, Nevada, February Academy of International Business - Southwest, San Antonio, Texas, March The Business Association for Latin American studies (BALAS) Annual Conference, Monterrey, Mexico, March Global Finance Annual Conference, Honolulu, Hawaii, April Financial Management Association Annual Meeting, New Orleans, Louisiana, October Southern Finance Association Annual Meeting, Key West, Florida, November Decision Sciences Institute - Southwest Annual Conference, March Financial Management Association Annual Meeting, Honolulu, Hawaii, October Decision Sciences Institute - Southwest Annual Conference, Dallas, Texas, March

5 Fifth Annual Conference on Western Hemispheric Economies in the 21st Century, Laredo, Texas, March Financial Management Association Annual Meeting, Chicago, Illinois, October Network of Border Economics Meeting, El Paso, Texas, December Southwestern Finance Association Annual Meeting, Houston, Texas, March International Trade and Finance Association International Conference, Casablanca, Morocco, May Financial Management Association Annual Meeting, Orlando, Florida, October Decision Sciences Institute - Southwest Annual Conference, San Antonio, Texas, March XXXV Annual Assembly of Consejo Latinoamericano de Escuelas de Administración, CLADEA, Barcelona, Spain, September 2000 Financial Management Association Annual Meeting, Seattle, Washington, October Decision Sciences Institute-Southwest Annual Conference, New Orleans, Louisiana, March Thunderbird s Faculty Development in International Business Seminar (FDIB), Sedona, Arizona, July Americas Conference on Information Systems (AMCIS), Boston, Massachusetts, August XXXVI Annual Assembly of CLADEA, Mexico City, Mexico, September Financial Management Association Annual Meeting, Toronto, Canada, October XXXII Annual Meeting of the Decision Sciences Institute, San Francisco, November XXXIII Annual Meeting of the Decision Sciences Institute-Southwest Region, St. Louis, Missouri, March AACSB Annual Meeting, Chicago, Illinois, April th Annual Conference Free Trade in the Western Hemisphere: The Challenges and the Future, Texas A&M International University, Laredo, Texas, April

6 AACSB Global Business Forum, Bangkok, Thailand, June AACSB Strategic Alliances Conference, Grenoble, France, October Academy of International Business-Southwest Annual Conference, Houston, Texas, March Decision Sciences Institute-Southwest Annual Conference, Houston, Texas, March Southwest Finance Association Annual Meeting, Houston, Texas, March th Annual Conference Free Trade in the Americas, Texas A&M International University, Laredo, Texas, April American Accounting Association Annual Meeting, Honolulu, Hawaii, August American Marketing Association Annual Meeting, Chicago, Illinois, August Academy of Financial Services Annual Meeting, Denver, Colorado, October Financial Management Association Annual Meeting, Denver, Colorado, October XXXVIII Annual Assembly of CLADEA, Lima, Peru, October IV ENCUENTRO INTERNACIONAL DE FINANZAS, Facultad de Administración y Economía, Universidad de Santiago de Chile, Santiago, Chile, January SELECTED PROGRAM PRESENTATIONS A Test of the Behavior and Relationship Between Treasury Bill Futures and treasury Bill rates, Eastern Finance Association Annual Meeting, Nashville, Tennessee, April 1986 Mutual Fund performance and Mutual Fund Growth (with W. Woerheide), Midwest Finance Association Meeting, Chicago, Illinois, April 1988 Estimation and Determination of Bid-Ask Spreads in Selected Financial Futures Markets (with R. Followill), Southern Finance Association Annual Meeting, Orlando, Florida, November The Estimation and Determination of Bid-Ask Spreads in Futures markets (with R, Followill), Chicago Board of Trade Fall Research Seminar on Futures Markets, Owen School of Management, Vanderbilt University, Nashville, Tennessee, December Concentration and Performance in the Mexican Banking Industry (with M. Islam), Financial Management Association Annual Meeting, October

7 Financial sector Reforms, Economic Growth, and Stability: Experiences in Selected Latin American Countries (with M. Islam), Business Association for Latin American Studies (BALAS) Annual Conference, Monterrey, Mexico, March Forecasting of Co-integrated Systems in Maritime Transportation (with J. Berg- Andreassen), Academy of International Business - Southwest, San Antonio, Texas, March Co-movement of Latin-American Equity Markets: Evidence from Unit Root & Cointegration Tests (with M. Islam), Global Finance Conference, Honolulu, Hawaii, April Linkages Among the Seven Major Stock Markets in the Western Hemisphere: Tests of Unit Root, Co-integration, and Error Correction Models (with M. Islam), Financial Management Association Annual Meeting, Honolulu, Hawaii, October An Examination of the Likely Effects of the Countries of the Andean Group by Joining MERCOSUR or NAFTA (with M. Patrick), International Trade and Finance Association Annual Meeting, Casablanca, Morocco, May SOCOMATO: A Case of the Tortilla Industry in Mexico (with A. Lara), Decision Sciences Institute - Southwest Annual Conference, New Orleans, Louisiana, March The Mutual Fund Industry in Mexico (with A. Lara and H. Simons), Decision Sciences Institute - Southwest Annual Conference, New Orleans, Louisiana, March An Estimation and Forecast of the Demand of Education: The Case of Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM) System (with R. Rodríguez y J. Salazar), Decision Sciences Institute- Southwest, St. Louis, Missouri, March An Econometric Investigation on the Time Spent on Sports Activities by Mexican Households (with R. Rodríguez, F. Saldaña y J. Salazar), Academy of International Business-Southwest, Houston, Texas, March Mutual Funds in Mexico: Evolution and Performance (with H. Simons), Academy of Financial Services, Denver, Colorado, October The Risk and Return of Common Mutual Funds in Mexico, IV ENCUENTRO INTERNACIONAL DE FINANZAS, Santiago, Chile, January PUBLICATIONS A Test of the Behavior and Relationship Between Treasury Bill Futures and Treasury Bill Rates, Abstract, The Financial Review, Proceedings, April

8 The Estimation and Determinants of Bid-Ask Spreads in Futures Markets, (with R. Followill), The Review of Futures Markets, Vol. 10, No. 1, 1991, Nafta and the Promoting of Export-Related Marketing Research Services to Small and Medium Sized Mexican Manufacturers (with J. Medina), Advances in Marketing, spring 1995, Concentration and Competition in the Mexican Banking Sector: An Empirical Investigation (with M. Islam), Southwest Review of International Business Research, Proceedings, March 1995, Evidence on the Benefits of Portfolio Investment in Emerging Capital Markets in Latin America (with M. Islam), International Trade and Finance, Proceedings, Vol. II, May 1995, NAFTA and the Opportunities of the U.S. Banking and Non-Banking Operations in Mexico: Empirical Evidence (with M. Islam), Global Finance, Proceedings, May An Empirical Study on the Efficiency of the Mexican Stock Market (with M. Islam), Mid-south Academy of Economics and Finance, Papers and Proceedings, July 1995, Mexican Commercial Banks: Competition and Performance Trends, , Border Business Indicators, Institute for International Trade, Texas A&M International University, October 1995, 1-6. Mexico s Exchange Rate Policy and the Value of the Peso, Border Economic Indicators, Institute for International Trade, Texas A&M International University, November 1995, 1-3. Latin-American External Debt, Fiscal Adjustments, and Real Exchange Rate Depreciation (with M. Islam), American Society of Business and Behavioral Sciences, Proceedings, February 1996, Peso Crisis, Volatility, and Prospects of Investing in Mexico's Stock Market (with M. Islam), Southwest Review of International Business Research, Proceedings, March 1996, Time-Varying Conditional Volatility and Time Series Properties of Emerging South American Stock markets (with M. Islam), Business Association of Latin American studies, Proceedings, April 1997, Lead-Lag Relationships Among Equity Markets of North and South America: Cointegration and Causality Tests (with M. Islam), Global Finance, Proceedings, May 1997,

9 Evidence on the Benefits of Portfolio Investment in Emerging Capital Markets in Latin America, Updated Version, (with M. Islam), in Selected Investment Portfolios, Edited by James C. Baker, Pergamon, 1998, The Mutual Fund Industry in Mexico, Western Hemispheric Trade Digest, Vol. 1, No. 9, December 2001, 4-6. Book Review: Moran, Theodore H., Foreign Direct Investment and Development, Washington D.C.: Institute for International Economics, December 1998, xiv pages, The International Trade Journal, Vol. XV, No. 2, Summer 2001, An Estimation and Forecast of the Demand of Education: The Case of Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM) System (with R. Rodriguez and J. Salazar), Decision Sciences Institute- Southwest Region, Proceedings, March 2002, An Econometric Investigation on the Time Spent on Sports Activities by Mexican Households (with R. Rodríguez, F. Saldaña y J. Salazar), Southwest Review of International Business Research, Proceedings, March 2003, A Nonparametric Estimate of the Per Capita Average Cost for Water Supply in the US- Mexico Border (with R. Sanchez), Free Trade in the Americas Conference Proceedings, Center for the Study Of Western Hemispheric Trade, April Mutual Funds in Mexico: Evolution and Performance (with H. Simons), Academy of Financial Services, Proceedings, October Riesgos y Rendimientos de los Fondos de Inversión en México, Análisis Económico, No. 41, Vol. XIX, Second Quarter OTHER COMPLETED RESEARCH Futures Trading and Price Volatility in the Treasury Bill Market, Working Paper Series, The University of Michigan-Flint, WPS A Test of the Behavior and Relationship Between Treasury Bill Futures and Treasury Bill Rates, Working Paper Series, The University of Michigan-Flint, WPS Mutual Fund Performance and Mutual Fund Growth (with W. Woerheide), Working Paper Series, The University of Michigan- Flint, WPS MASTERS THESES, CASES ADVISOR 9

10 An Analysis of Volume and Fixed Cost Behavior for the Midland Plant Finished Products Manufacturing Unit, Joseph D. Sheets, 1986, The University of Michigan-Flint Development a Framework for the Evaluation of Proposed Joint Ventures, Charles K. Stevens, The University of Michigan-Flint An Analysis of Performance of the Beverage Stocks During Recessions in the US Economy, Thomas G. Smith, 1990, The University of Michigan-Flint TOVECO, Cía. Ltda.", José Vélez T., 1993, INCAE, Costa Rica. OTHER PROFESSIONAL DEVELOPMENT ACTIVITIES "The Socio-Cultural and Economic Effects of NAFTA in the Texas-Mexico Border Areas", Business Association of Latin American Studies (BALAS), Monterrey, Mexico, March 1996, Panelist Time-Varying Conditional Volatility and Time Series Properties of Emerging South American Stock Markets (with M. Islam), COBA Research Forum, March Linkages Among the Major Stock Markets in the Western Hemisphere (with M. Islam), COBA Research Forum, October Futures Trading and Price Volatility in the Treasury Bill Market, Working Paper Series, Research Forum, University of Michigan-Flint, 1985 DISCUSSANT, SESSION CHAIR, REVIEWER, TRACK CHAIR Academy of Financial Services Eastern Economics Association Eastern Finance Association Southwest Finance Association Southern Finance Association Financial Management Association Academy of International Business - Southwest Global Finance Decision Sciences Institute - Southwest American Society of Business and Behavioral Sciences International Trade Journal PROGRAM DEVELOPMENT AND SERVICE 10

11 Participated in the development of finance major, University of Michigan-Flint, Participated in the Operations Management Skills Program through the Office of Continuing Education, University of Michigan-Flint, Directed Bank Executive Program. Responsible for the design, marketing, and implementation of banking training seminars in Central and South America, Instituto Centroamericano de Administración de Empresas (INCAE), Participated in student recruitment for the MBA in Spanish program in Monterrey, Mexico, Participated in "Preview Day" information forum for prospective students, TAMIU, March Participated in the Off-Campus on-site Registration program at Alexander High School, April Presented an Overview of Home Equity Loans (in Spanish), sponsored by the Laredo Chamber of Commerce, Small Business Committee, Laredo, Texas, December 1997 Presented an Overview of the NAFTA S Economic Effect on the Border Region to the House Economic Development Committee, Public Hearing on NAFTA, Brownsville, Texas, February 1998 Presented an Overview of the Economic Impact of NAFTA to students and faculty of the school of international relations at Tecnológico de Monterrey, Monterrey, Mexico, March 1999 Presented an Overview of International Finance to the faculty of Commerce at Universidad de San Luis Potosi, San Luis Potosi, Mexico, September 1 - October 2, Directed Monthly Speaker Series and Annual Free Trade Conference, Center for the Study of Western Hemispheric Trade, HONORS AND RECOGNITIONS Selected to participate in a student exchange program, Facultad de Economía, Universidad de Nuevo León (Monterrey, México)-College of Business, Arizona State University (Tempe, Arizona), fall Awarded Universidad de Nuevo Leon Fellowship of $300 per month. Awarded Assistantship by the College of Commerce and Business Administration, The University of Alabama,

12 Selected to participate in Seminars on Futures Markets for Ph.D. students at the Chicago Board of Trade, Chicago, 1982 & All expenses paid by the Chicago Board of Trade. Awarded a stipend for being selected the Outstanding Graduate Teaching Assistant, Department of Economics, Finance, and Legal Studies, College of Commerce and Business Administration, The University of Alabama, Awarded a faculty grant to attend AACSB Workshop on the Internationalization of the Business School Curriculum, Stern School of Business, New York University, New York, Selected to participate in Seminars on Futures Markets for faculty at the Chicago Board of Trade, Chicago, All expenses paid by the Chicago Board of Trade. Selected to participate in the Banking Seminar for College Faculty, Graduate School of Banking, University of Wisconsin, Madison, All expenses paid. Selected to participate in the Fall Research Seminar on Futures Markets of the Chicago Board of Trade, Owen School of Management, Vanderbilt University, All Expenses paid. Awarded Mini Research Grant, Texas A&M International University, April Awarded Research Grant by the Center for the Study of Western Hemispheric Trade, Texas A&M International University, summer Recognition for Participation as a Track Chair for Management and International Business in the Southwest Regional Meeting of the Decision Sciences Institute, Dallas, Texas, March Selected to participate in a faculty exchange program with the Institute for Higher Education in Morocco, May Awarded a stipend by the Texas International Education Consortium, Austin, Texas. Awarded Mini Research Grant, Texas A&M International University, April Awarded Research Grant by the Center for the Study of Western Hemispheric Trade, Texas A&M International University, summer 1999 Awarded Tenure by Texas A&M International University, August Certificate of Appreciation, Southwest Decision Sciences Institute, San Antonio, Texas, March

13 Certificate of Appreciation, Southwest Decision Sciences Institute, New Orleans, Louisiana, February Accreditation Certificate, AACSB-International, Chicago, Illinois, April UNIVERSITY AND COLLEGE COMMITTEE ASSIGNMENTS University of Michigan-Flint, : Accounting and Finance Faculty Search, Organizational Behavior and Industrial Relations Faculty Search, Academic Review, Student Concerns and Financial Aid, Economic Status of the Faculty, Career Advisory, Faculty Development Fund, Research and Publications, Faculty Assembly, International Studies, Special Events, MBA. Instituto Centroamericano de Administración de Empresas (INCAE), : Admissions, Executive Programs, Faculty Performance. Texas A&M International University, 1993-Present: University Curriculum, College Curriculum, AACSB, Graduate Admissions, Ph.D., Faculty Recruitment, Library, Promotion and Tenure, Post-Tenure Review, Grievance, Search for Endowed Chair of the Center for Western Hemispheric Studies, Dean s Search, Scholar of the Year Review, Faculty Senate, Provost Search. OTHER COLLEGE ASSIGNMENTS Texas A&M International University, 1995-Present: Coordinator of the MBA in Spanish Program. STUDENT ADVISOR University of Michigan-Flint, : Hispanic Club, Business Club. Texas A&M International University, 1998: Western Hemispheric Trade Research Group. 13