Sauder School of Business

Maurice D. Levi

Maurice D. Levi
BA (Manchester), MA PhD (Chicago)

Bank of Montreal Chair in International Finance

Office:    Henry Angus 876
Phone:     +1-604-822-8260
Fax:    +1-604-822-4695
Email:    < maurice.levi at >

University of British Columbia
Sauder School of Business
2053 Main Mall, Vancouver BC, V6T 1Z2

Research Interests
Research Interestes include Macro- and Micro-models of International Finance, Empirical Studies of Financial Markets, Macroeconomics of Interest Rates, Stock Market Anomalies, and the Link between Economic Activity and Inflation.

Selected Publications

Mark Kamstra, Lisa Kramer, and Maurice Levi
“A careful re-examination of seasonality in international stock markets: Comment on sentiment and stock returns”
Journal of Banking and Finance, forthcoming

Mark Kamstra, Lisa Kramer, and Maurice Levi
“Effects of Daylight-Saving Time Changes on Stock Market Volatility: a Comment”
Psychological Reports, Vol. 107, No. 3, pp. 877-887

Maurice Levi, Kai Li, and Feng Zhang
“Deal or No Deal: Hormones and the Mergers and Acquisitions Game”
Management Science, Vol. 56, No. 1, pp. 1462-1483

Albert S. Dexter, Maurice Levi, and Barrie Nault
“International Trade and the Connection between Capacity and Inflation”
Review of International Economics, Vol. 13, 2005, 699-708.

Michael A. Goldberg, Robert Heinkel, and Maurice Levi
Foreign Direct Investment: The Human Dimension
Journal of International Money and Finance, Vol. 24, 2005, 913-934.

Barrie Nault and Maurice Levi
“Converting to a Cleaner Technology: Environmental Policy with Heterogeneous Firms”
Management Science, Vol. 50,2004, 1015-1030.

Mark Kamstra, Lisa Kramer, and Maurice Levi
“Winter Blues: A SAD Stock Market Cycle”
American Economic Review, Vol. 93,2003, 324-343.

Working Papers

Glen Donaldson, Maurice Levi, Barrie Nault, and Thomas Ruf
Exchange-Rate Variability and Foreign Factor Income” (2011)

Thomas Ruf and Maurice Levi
The Law of One Price in Unfamiliar Places: The Case of International Real Estate” (2011)

Mark J. Kamstra, Lisa A. Kramer, and Maurice D. Levi
Opposing Seasonalities in Treasury versus Equity Returns” (2006)

Xifeng Diao and Maurice D. Levi
Seasonality in Equilibrium Stock Returns: A Dynamic Perspective on SAD” (2005)