Prof Emmanuel Mamatzakis
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Overview
Overview
Biography
Emmanuel is a Professor of Finance at the Department of Management of the School of Business, Economics and Informatics, Birkbeck College. He holds a DPhil in Economics from the University of London, Queen Mary College, a MSc in Economics from the University of Warwick and a BSc in Economics from the Department of Economics of the National and Kapodistrian University of Athens. His research is primarily driven by its impact on the real economy.
Highlights
Emmanuel was the Principal Investigator in a project to investigate why households repaid their debt during the COVID-19 pandemic. He was awarded a £102,974 grant by the Economic and Social Research Council (ESRC) as part of UK Research Innovation’s rapid response to COVID-19, to conduct a study exploring the relationship between COVID-19 and household debt.
Entitled ‘Why do households repay their debt during COVID-19 crisis? Well-being and financial implications, the study examines the impacts of COVID-19 policy interventions on household debt repayments and financial resilience.
Bank of England statistics show that households repaid £7.4 billion of consumer credit in April 2020, the largest net repayment on record. Researchers at Birkbeck, the University of London, the University of Zurich, and Lancaster University explore the role of monetary expansion, debt repayment moratoriums, lockdowns, and furloughing in household debt repayment, controlling for specific characteristics such as ethnicity, age, gender, health, and employment.
The study also examines the persistence of both household debt repayments and debt exposure. Recent statistics show that British households have increased their debt exposure by £6 billion as they fall behind on credit card payments, council tax, and utility bills. The study delivers evidence and projections that will inform policy-making decisions in real-time and enhance impact.
See:
https://eprints.bbk.ac.uk/id/eprint/48450/1/SIR_COVID19%20April22%20Biron.pdf
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4087551
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4039952
Qualifications
- PhD, University of London, 1999
- MSc , University of Warwick, 1994
- BSc, University of Athens, 1994
Administrative responsibilities
- Subject Head of Accounting and Finance subject area
- Program Director of MSc Accounting and Finance; MSc Management and Finance
- Director of Accounting and Finance Research Centre
Professional activities
Reviewer to a plethora of Journals in Finance (ABS 4, ABS 3 and ABS 2)
External examiner to national and international PhD examinations.
Reviewer to Commonwealth Scholarships, UK.
Reviewer to ESRC projects
Professional memberships
Board Member of the Hellenic Fiscal Council
Honours and awards
- Fellow of the Higher Education Academy, Higher Education Academy, November 2021
ORCID
0000-0002-2623-0029 -
Research
Research
Research interests
- Accounting, Banking, Finance, Applied Econometrics, Public Finance
Research Centres and Institutes
- principal investigator, ACCOUNTING AND FINANCE RESEARCH CENTRE
Research clusters and groups
- Lead researcher, Accounting and Finance Subject Area Research Cluster
Research projects
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Supervision and teaching
Supervision and teaching
Supervision
Supervising PhD students
Current doctoral researchers
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CONRAD DUMBAH
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Publications
Publications
Article
- Mamatzakis, Emmanuel and Avalos, F. (2022) Is bank resilience affected by unconventional monetary policy in the Euro area?. Journal of International Money and Finance ISSN 0261-5606.
- Mamatzakis, Emmanuel (2022) An international study on the impact of corruption on analysts’ forecasts. Journal of International Accounting, Auditing and Taxation 48, pp. 1-38. ISSN 1061-9518.
- Mamatzakis, Emmanuel and Staikouras, C. and Pegkas, P. (2022) The impact of debt, taxation and financial crisis on earnings management: the case of Greece. Managerial Finance ISSN 0307-4358.
- Mamatzakis, Emmanuel and Tsionas, M. and Kutlu, L. (2022) A principal–agent approach for estimating firm efficiency: Revealing bank managerial behavior. Journal of International Financial Markets, Institutions and Money 79 (101576), ISSN 1042-4431.
- Mamatzakis, Emmanuel and Tsionas, M.G. and Sickles, R.C. and Kutlu, L. (2022) Heterogeneous decision-making and market power: an application to Eurozone banks. Empirical Economics pp. 1-32. ISSN 0377-7332.
- Mamatzakis, Emmanuel and Pegkas, P. and Staikouras, C. (2022) Labour market regulations and efficiency in tourism industry. Tourism Economics pp. 1-23. ISSN 1354-8166.
- Mamatzakis, Emmanuel and Tsionas, M. (2021) Making inference of British household’s happiness efficiency: a Bayesian latent model. European Journal of Operational Research 294 (1), pp. 312-326. ISSN 0377-2217.
- Mamatzakis, Emmanuel (2021) A Bayesian panel stochastic volatility measure of financial stability. International Journal of Finance and Economics 26 (4), pp. 5363-5384. ISSN 1076-9307.
- Mamatzakis, Emmanuel and Tzouvanas, P. (2021) Does it pay to invest in environmental stocks?. International Review of Financial Analysis 77, ISSN 1057-5219.
- Mamatzakis, Emmanuel and Boahen, E. (2021) What are the effects of culture and institutions on classification shifting in India?. Journal of International Accounting, Auditing and Taxation 44, pp. 100402. ISSN 1061-9518.
- Mamatzakis, Emmanuel and Ongena, S. and Tsionas, M.G. (2021) Does alternative finance moderate bank fragility? Evidence from the euro area. Journal of International Financial Markets, Institutions and Money 72, pp. 101340. ISSN 1042-4431.
- Mamatzakis, Emmanuel and Xu, B. (2021) Does ownership structure affect performance? Evidence from Chinese mutual funds. Review of Quantitative Finance and Accounting 56, pp. 1399-1435. ISSN 1573-7179.
- Mamatzakis, Emmanuel and Tsionas, M.G. (2021) Testing for persistence in US mutual funds’ performance: a Bayesian dynamic panel model. Annals of Operations Research 299, pp. 1203-1233. ISSN 0254-5330.
- Leledakis, G.N. and Mamatzakis, Emmanuel and Pyrgiotakis, E.G. and Travlos, N.G. (2021) Does it pay to acquire private firms? Evidence from the U.S. banking industry. The European Journal of Finance 27 (10), pp. 1029-1051. ISSN 1351-847X.
- Mamatzakis, Emmanuel and Staikouras, C. (2020) Testing for the effects of credit crunch on agriculture investment in the EU. Bulletin of Economic Research 72 (4), pp. 434-450. ISSN 0307-3378.
- Mamatzakis, Emmanuel and Staikouras, C. (2020) Common agriculture police in the EU, direct payments, solvency and income. Agriculture Finance Review 80 (4), pp. 529-547. ISSN 0002-1466.
- Tran, K.C. and Mamatzakis, Emmanuel and Tsionas, M.G. (2020) Why fully efficient banks matter? A nonparametric stochastic frontier approach in the presence of fully efficient banks. Empirical Economics 58, pp. 2733-2760. ISSN 0377-7332.
- Mamatzakis, Emmanuel and Tsionas, M.G. and Ongena, S. (2020) Does risk aversion affect bank output loss? The case of the Eurozone. European Journal of Operational Research 282 (3), pp. 1127-1145. ISSN 0377-2217.
- Mamatzakis, Emmanuel and Boahen, E.O. (2020) The impact of religion on classification shifting in the presence of corporate governance and BIG 4 audit. Accounting Forum 44 (2), pp. 103-131. ISSN 0155-9982.
- Mamatzakis, Emmanuel and Tsionas, M.G. (2019) Revealing forecaster's preferences: a Bayesian multivariate loss function approach. Journal of Forecasting ISSN 0277-6693.
- Mamatzakis, Emmanuel and Matousek, R. and Vu, A.N. (2019) What is the impact of problem loans on Japanese bank productivity growth?. Financial Markets, Institutions & Instruments 28 (2), pp. 213-240. ISSN 0963-8008.
- Mamatzakis, Emmanuel and Bagntasarian, A. (2019) Testing for the underlying dynamics of bank capital buffer and performance nexus. Review of Quantitative Finance and Accounting 52 (2), pp. 347-380. ISSN 0924-865X.
- Mamatzakis, Emmanuel and Tsamadias, C. and Pegkas, P. and Staikouras, C. (2019) Does R&D, human capital and FDI matter for TFP in OECD countries?. Economics of Innovation and New Technology 28 (4), pp. 386-406. ISSN 1043-8599.
- Mamatzakis, Emmanuel and Tsionas, M.G. (2018) Further results on estimating inefficiency effects in stochastic frontier models. European Journal of Operational Research 275 (3), pp. 1157-1164. ISSN 0377-2217.
- Mamatzakis, Emmanuel and Tsionas, M. (2018) Revisiting the returns of public infrastructure in Mexico: A limited information local likelihood estimation. Economic Modelling 75, pp. 132-141. ISSN 0264-9993.
- Mamatzakis, Emmanuel and Vu, A.N. (2018) The interplay between quantitative easing, risk and competition: The case of Japanese banking. Financial Markets, Institutions & Instruments 27 (1), pp. 3-46. ISSN 0963-8008.
- Tsionas, E.G. and Mamatzakis, Emmanuel (2017) Adjustment costs in the technical efficiency: an application to global banking. European Journal of Operational Research 256 (2), pp. 640-649. ISSN 0377-2217.
- Psillaki, M. and Mamatzakis, Emmanuel (2017) What drives bank performance in transitions economies? The impact of reforms and regulations. Research in International Business and Finance 39, pp. 578-594. ISSN 0275-5319.
- Mamatzakis, Emmanuel and Matousek, R. and Vu, A.N. (2016) What is the impact of bankrupt and restructured loans on Japanese bank efficiency?. Journal of Banking & Finance 72 (S), pp. S187-S202. ISSN 0378-4266.
- Mamatzakis, Emmanuel and Bermpei, T. (2016) What is the effect of unconventional monetary policy on bank performance?. Journal of International Money & Finance 67, pp. 239-263. ISSN 0261-5606.
- Mamatzakis, Emmanuel and Tsionas, M.G. (2015) How are market preferences shaped? The case of sovereign debt of stressed euro-area countries. Journal of Banking & Finance 61, pp. 106-116. ISSN 0378-4266.
- Mamatzakis, Emmanuel and Tsionas, M.G. and Kumbhakar, S.C. and Koutsomanoli-Filippaki, A. (2015) Does labour regulation affect technical and allocative efficiency? Evidence from the banking industry. Journal of Banking & Finance 61 (S1), pp. S84-S98. ISSN 0378-4266.
- Mamatzakis, Emmanuel and Bermpei, T. (2015) The effect of corporate governance on the performance of US investment banks. Financial Markets, Institutions & Instruments 24 (2-3), pp. 191-239. ISSN 0963-8008.
- Babalos, V. and Mamatzakis, Emmanuel and Matousek, R. (2015) The performance of US equity mutual funds. Journal of Banking & Finance 52, pp. 217-229. ISSN 0378-4266.
- Mamatzakis, Emmanuel (2015) Risk and efficiency in the Central and Eastern European banking industry under quantile analysis. Quantitative Finance 15 (3), pp. 553-567. ISSN 1469-7688.
- Kalyvas, A.N. and Mamatzakis, Emmanuel (2014) Does business regulation matter for banks in the European Union?. Journal of International Financial Markets, Institutions and Money 32, pp. 278-324. ISSN 1042-4431.
- Mamatzakis, Emmanuel (2014) Revealing asymmetries in the loss function of WTI oil futures market. Empirical Economics 47 (2), pp. 411-426. ISSN 0377-7332.
- Mamatzakis, Emmanuel and Koutsomanoli-Filippaki, A. (2014) Testing the rationality of DOE's energy price forecasts under asymmetric loss preferences. Energy Policy 68, pp. 567-575. ISSN 0301-4215.
Monograph
- Mamatzakis, Emmanuel (2022) Euro-area monetary policy, bank resilience and bank competition.. London, UK: Birkbeck, University of London.
- Mamatzakis, Emmanuel and Staikouras, C. and Triantopoulos, C. (2022) How low for how long? From a monetary policy perspective. London, UK: Birkbeck, University of London.
- Mamatzakis, Emmanuel and Ongenab, S. and Tsionas, M.G. (2022) Does paying your debt make you happy during the pandemic?. London, UK: Birkbeck, University of London.
- Mamatzakis, Emmanuel and Ongena, S. and Tsionas, M.G. (2022) The response of household debt to COVID-19 using a neural networks VAR in OECD. London, UK: Birkbeck, University of London.
- Mamatzakis, Emmanuel (2022) A Bayesian policy learning model of COVID-19 interventions and its impact on household debt repayments.. London, UK: Birkbeck, University of London.
- Mamatzakis, Emmanuel and Ongena, S. and Tsionas, M.G. (2022) Why do households repay their debt during the COVID-19 crisis? A VAR analysis using neural networks.. London, UK: Birkbeck, University of London.
- Mamatzakis, Emmanuel and Ongena, S. and Tsionas, M. (2021) Bayesian Policy learning during COVID-19. The Accounting and Finance Research Centre (AFRC) working paper series London, UK: Birkbeck, University of London.
- Izzeldin, M. and Mamatzakis, Emmanuel and Murphy, A. and Tsionas, M. (2020) A novel MIMIC-style model of European bank technical efficiency and productivity growth. Federal Reserve Bank of Dallas Working Paper Dallas, U.S.: Federal Reserve Bank of Dallas.
- Leledakis, G.N. and Mamatzakis, Emmanuel and Pyrgiotakis, E.G. and Travlos, N.G. (2020) Does it pay to acquire private firms? Evidence from the U.S. banking industry. London, UK: Birkbeck, University of London.
- Mamatzakis, Emmanuel and Tsionas, M.G. (2020) Testing for persistence in US mutual funds’ performance: a Bayesian dynamic panel model. London, UK: Birkbeck, University of London.
- Mamatzakis, Emmanuel and Xu, B. (2020) Does ownership structure affect performance? Evidence from Chinese mutual funds. London, UK: Birkbeck, University of London.
- Mamatzakis, Emmanuel and Tsionas, E. (2020) Decomposing total factor productivity while treating for misspecification. London, UK: Birkbeck, University of London.
External Repositories