Hany Guirguis

Professor, Economics & Finance

Education

  • PHD, University of Oregon
  • MS, University of Oregon
  • MBA, CUNY Baruch College
  • MA, American Univ Cairo

Courses Taught

  • CIS 227          Business Statistics
  • ECON 203     Introduction to Macroeconomics
  • ECON 204     Introduction to Microeconomics
  • ECON 301     Intermediate Price Analysis
  • ECON 302     Intermedaie Macroeconomics
  • ECON 305     Money and Banking
  • ECON 433      Econometrics
  • ECON 402      Advanced Macroeconomics  
  • ECON 403      Seminar in Monetary Theory and Policy    
  • ECON 441      Economics Seminar
  • ECON 444      Special Topic: in Economics
  • ECON 450      Advanced Econometrics
  • FIN 301           Principles of Business Finance I
  • FIN 420           Corporate Structure and Financing
  • FIN 441           Finance Seminar
  • FIN 442           Financial Modeling
  • Fin 499            Professional Finance
  • MBAC 614      Managerial Economics
  • MBAC 616      Stock Market & Corp Valuation
  • MBAE 602      Research
  • Research

    Econometrics, Financial Modeling, Corporate Finance, Macroeconomics, and Real Estate Finance

  • Publications and Scholarly Activities

    Guirguis, H., & Trieste, J. (Forthcoming). Measuring the Impact of Monetary Policy on  Mortgage Rates. Journal of Real Estate Research.      

    Anderson, J., Guirguis, H., Propper S., & Spizman, J. (Winter 2019) Examining the Portfolio Impact of a New and Bourgeoning Assent Class on Real Estate Portfolios:  Open-End Debt Funds. Real Estate Finance (35), 196-202.

    Boney, V., Guirguis, H., & Giannikos, C. (2018). Pricing Dynamics between Single Stock Futures and the Spot. International Journal of Business and Economics (17), 179-191.

    Anderson, R. I., Guirguis, H. & Turnbull, G.K. (2018). Focus or Generalize: Real Estate Agent Effort Allocation and Compensation. International Journal of Business and Economics (17), 25-42.

     Guirguis. H. G., Suen M., Beckers S., Theodore T. (2017).What is value in an equity Market. Journal of Investment Management (15), 53-70.

     Guirguis. H. G., Mueller G. R., Harris, J. & Mueller A. G. (2017) Did Increased Large Bank Concentration of US Mortgage Loan Originations Explain Rising Originator Profits? International Real Estate Review (20), 325-347.

     Anderson, R. I., Curcio, R. J., & Guirguis, H. (2017). On the Use of US Treasury Futures and Futures Options to Hedge Risk in Portfolios of Mortgage REITs. Real Estate Finance (33), 155-167.

    Boney, V., Guirguis, H., & Moura, M. (February 2016). Examining the Dynamic Nature of Spillover between US and Brazalian Equity Markets. Journal of Business and Economics(7), 249-258.

    Anderson, R. I., Curcio, R. J., & Guirguis, H. (Winter 2015). On the Use of Leverage-Inverse ETFs to Hedge Risk in Publicly Traded Mortgage Portfolios. The Journal of Index Investing(6), 40-57.

    Anderson, R. I., Curcio, R. J., & Guirguis, H. (Summer 2014). Stock Price Volatility of Banks and Other Financials Emanating from the Inception of Leveraged, Inverse and Traditional ETFs. The Journal of Index Investing(5), 12-31.

    Giannikos, C., Guirguis, H., & Schizas, P. (June 2014). Hedge funds and the Housing Bubble. Applied Financial Economics(24), 1063-1073.

    Anderson, R. I., Curcio, R. J., & Guirguis, H. (Fall 2014). Managing Risk in the Real Estate Through the use of Leverage and Inverse ETFs.  Real Estate Finance.63-77.

    Giannikos, C. I., Guirguis, H., & Suen, T. S. (2013). Trading Credit Default Swap (CDS) Spread as an Equity Investment Strategy. Journal of Derivatives(21), 27-48.

    Boney, V., Guirguis, H., & Muller, G. (2013). Did Intraday Trading by Leveraged and Inverse Leveraged ETFs Create Excess Price Volatility? A Look at REITs and the Broad Market. Journal of Real Estate Portfolio Management(19), 1-16.

    Guirguis, H., Suen, M., & Theodore, T. (2012). Timing the value style index in a Markov regime-switching model. Journal of Investment Management(10), 52-64.

    Anderson, R. I., Boney, V., Curcio, R. J., & Guirguis, H. (2012). Leveraged, Inverse and Traditional ETFs: The Impact on Real Estate Stock Price Volatility. Applied Financial Economics(22), 709-722.

    Anderson, R., Boney, V., & Guirguis, H., (2012). The Impact of Switching Regimes and Monetary Shocks: An Empirical Analysis of REITs. Journal of Real Estate Research(34), 157-182.

    Anderson, R. I., Curcio, R. J., & Guirguis, H. (2012). Should Tracking Error Prevent the Use of Leverage ETFs in the Real Estate Portfolio? The Journal of Index Investing(3), 75-95.

    Giannikos, C. I., Guirguis, H., & Suen, T. S. (2012). Modeling the Blind Principal Bid Basket Trading Cost. European Financial Management(18), 271-302.

    Giannikos, C. , & Guirguis, H. (2007). A Note on the Effect of the Expected Changes in Monetary Policy on Long-Term Interest Rates. Journal of Applied Economics(10), 99-114.

    Bali, R. , & Guirguis, H. (2007). Extreme Observations and Nonnormality in ARCH and GARCH. International Review of Economics and Finance(16), 332-346.

    Giannikos, C., Gracia, L., & Guirguis, H. (2007). Asset Pricing in Spanish Housing Market. Journal of Housing Research(16), 83-95.

    Giannikos, C., Gracia, L., & Guirguis, H. (2007). Price and Volatility Spillovers between Large and Small Cities: A Study of the Spanish Market. Journal of Real Estate Portfolio Management(13), 311-316.

    Guirguis, H., & Vogal, R. (2006). Asymmetry in Regional Real House Prices. Journal of Real Estate Portfolio Management(12), 293-298.

    Anderson, R. I., Giannikos, C. I., & Guirguis, H. (2006). Market Fundamentals and the Forecastability of the Regional Housing Prices: An Empirical Investigation. Forecasting Letters(1), 14-26.

    Anderson, R. I., Giannikos, C. I., & Guirguis, H. (2005). The US Housing Market: Asset Pricing Forecasts: Using Time Varying Coefficients. Journal of Real Estate Finance and Economics(30), 33-53.

    Guirguis, H., & Schmidt, M. (2005). Output Variability and the Money-Output Relationship. International Journal of Business and Economics(4), 51-64.

    Felder, F., & Guirguis, H. (2005). Accounting for Extreme Values in GARCH Forecasts of Day-Ahead Electricity Prices. KIEE International Transactions on Power Engineering(5), 300-302.

    Bali, R. , & Guirguis, H. (2004). An Analysis of the Equity Risk Premium. The Journal of Asset Management(4), 348-360.

    Bali, R. , & Guirguis, H. (2004). An Analysis of the Return Dependence Between Large and Small Capitalization Stock. Journal of Business and Economics Research(2), 67-70.

    Felder, F., & Guirguis, H. (2004). Further Advances in Forecasting Day-Ahead Electricity Prices Using Time Series Models. IEEE Transaction on Power Systems(4), 159-166.

    Guirguis, H., & Rogoff, E. (2004). Strategies and Impacts of New Drug Introduction: The Case of Hemophilia Treatment. Journal of Health Care Finance(31), 1-12.

    Danthine, J. P., Donaldson, J. B., Giannikos, C. I., & Guirguis, H. (2004). On the Consequences of State Dependent Preferences for the Pricing of Financial Assets. Finance Research Letters(1), 143-153.

    Guirguis, H., Myung-Soo., & Rogoff, E. (2003). The Upward Spiral of Drug Costs: A Longitudinal Study of Drugs Used in the Treatment of. Clinical Laboratory(49), 71.

    Giannikos, C. I., Guirguis, H., & Ozenbas, D. (2003). Is Volatility of Equity Markets a Volume Story? A Non-Parametric Analysis. International Journal of Business and Economics(2), 49-55.

    Abdulahad, F., & Guirguis, H. (2003). The Living Wage and the Effects of Real Minimum Wages on Part-Time and Teen Employment. Employee Responsibilities and Rights Journal(15), 1-9.

    Guirguis, H., & Rogoff, E. (2002, December 9). Legalized Price-Fixing: How a Government Program to Lower Drug Does the Opposite. Forbes, p. 48.

    Guirguis, H., Myung-Soo., & Rogoff, E. (2002). The Upward Spiral of Drug Costs: A Longitudinal Study of Drugs Used in the Treatment of Hemophilia. Journal of Thrombosis and Haemostatis(88), 545-553.

    Guirguis, H. Refereed Proceeding. (2002). Longitudinal Study of the New Firms In the Health Care Industry. Academy of Economics and Finance, 30-35.

    Guirguis, H., Onochie, J., & Rosen, H. (2001). The Post-Offering Performance of IPOs in the Health Care Industry. Journal of Economics and Finance(25), 194-205.

    Guirguis, H. (1999). Properly Estimating the Liquidity Effect: Why Accounting for Stationarity and Outliers is Important. Journal of Economics and Business(51), 303-314.

    Guirguis, H., & Rogoff, E. (1998). On the Impact of Fixed Supply: The Case of the New York City Taxicab Industry. Journal of Transportation, Logistics, and Policy(65), 370-386.

  • Honors, Awards, and Grants

    Grants

    • National Association of Real Estate Investment Trusts, Research Grant, 2010.
    • NAIOP, Commercial Real Estate Development Association, Research Grant, 2010.
    • Manhattan College, Summer Research Grant, 2006.
    • Center for Energy, Economics and Environment Policy, 2004.
    • Manhattan College, Summer Research Grant, 2003.
    • SUNY Farmingdale, Summer Research Grant, 2001.
    • Hemophilia Association of New York, Grant, 2000.
    • Ford Foundation Grant for Graduate Study in Economics, 1998.