ARIEL LEVY, PH.D.

Ben-Gurion University, Department of Economics

Beer-Sheva, Israel 8410501 | Tel +972-8-642-8585 |Email: ArielLevy1@gmail.com

ACADEMIC POSITIONS
Ben-Gurion University, Department of Economics
Assistant Professor, 2015 - present.
Columbia Business School
Visiting Scholar - Spring 2014; Summer 2015.
Technion – Israel Institute of Technology, Faculty of Industrial Engineering & Management
Research Fellow & Assistant Professor, Finance and Economics Division, 2009-2015.

EDUCATION
University of California, Los Angeles (UCLA)
Ph.D. in Economics, 2009.
M.A. in Economics, 2006.
The Hebrew University of Jerusalem
M.A. in Economics, Magna Cum Laude, 2004.
B.A. in Philosophy and Economics, Magna Cum Laude, 2003.

RESEARCH INTERESTS
Investment products, credit risk, financial markets.

PUBLICATIONS
Active Flows and Passive Returns, with Offer Lieberman, Review of Finance, Volume 20 (1), 2016, pp. 373-401.
Counterparty Risk in Exchange-Traded Notes (ETNs), joint with Balazs Cserna and Zvi Wiener, Journal of
Fixed Income, Summer 2013, Vol. 23, No. 1: pp. 76-101. Media Coverage: Bloomberg, Risk Magazine.
Overreaction of Country ETFs to US Market Returns, joint with Offer Lieberman, Journal of Banking and
Finance, Volume 37, Issue 5, May 2013, Pages 1412–1421.
Essays on Credit Default Swaps, Ph.D. Thesis, 2009.

WORKING PAPERS & WORK IN PROGRESS

Volatility, Liquidity and Liquidity Risk. With Dan Amiram , Balazs Cserna and Alon Kalay (submitted).
Jumps and Corporate Debt Structure, with Balazs Cserna and Amnon Schreiber (submitted).
Option Markets Efficiency – A New Measure, with Amnon Schriber and Yakov Boharon.

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RESEARCH GRANTS
Young German Israeli Fund (GIF), 2013 (€30,000)
Israel Foundations Trustee (IFT), 2011-2013 ($20,000)
Rothschild Caesarea Center for Capital Markets & Risk Management, 2010 (ILS 10,000 - Deferred).

AWARDS & FELLOWSHIPS

Stanley Imerman Memorial Leadership Fund, 2009-2011.
UCLA Graduate Student Fellowship, 2005-2009.
UCLA Graduate Student Summer Mentorship Research Fellowship, 2007.
Hebrew University Dean’s List & Prize, 1992-2002.
Hebrew University, Economics Department Academic Award, 2000-2003.

GRADUATE STUDENTS (ADVISOR)

Shimon Hai (MA Student, Ben-Gurion University, 2018)
Yakov Boharon (MA Student, Bar-Ilan University, 2017)

TEACHING EXPERIENCE
Ben-Gurion University:
Introduction to Finance I, II (Undergraduate).
Technion – Israel Institute of Technology:
Econometrics (Undergraduate, Graduate)
Interest Rate Markets (Undergraduate, MBA).
Introduction to Financial Management (MBA).

University of California, Los Angeles (UCLA):

Principles of Microeconomics (Undergraduate).
Principles of Macroeconomics (Undergraduate).

SERVICES
Referee for The Journal of Banking and Finance.
Scientific committee for The 5th International IFABS Conference, Nottingham, UK, 2013.
Media interviews: Bloomberg, Risk Magazine.

CONFERENCES & INVITED SEMINARS

Central Bank of Brazil, August 2017.
The Israel Economic Association, June 2017.
Tel-Aviv University, Recanati Business School, Finance & Accounting Seminar, May 2017.
International Risk Management Conference (IRMS), Jerusalem, 2016.

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8th Annual Hedge Fund Research Conference, Université Paris-Dauphine, January 2016.
2015 Paris Financial Management Conference, December 2015.
The Arison Business School, IDC Herzliya, Finance Seminar, November 2015.
The IDC School of Economics, Economics Workshop (discussant), June 2015.
The Israel Economic Association, June 2015.
The Israel Statistical Association, May 2015
Ben-Gurion University, Guilford Glazer School of Business, Finance Seminar, May 2015.
Bar-Ilan University, Department of Economics Faculty Seminar, May 2015.
Ben-Gurion University, Guilford Glazer School of Business, Finance Seminar, Nov 2013.
Bar-Ilan University, Department of Economics Faculty Seminar, Nov 2013.
Frankfurt School of Finance & Management, Finance Seminar, Oct, 2013.
Midwest Finance Association, Chicago IL, USA, March 2013.
World Finance Conference, Limassol, Cyprus, July, 2013.
Ben-Gurion University, Guilford Glazer School of Business, Finance Seminar, Dec 2012.
Bar-Ilan University, Department of Economics Faculty Seminar, Nov 2012.
Hebrew University Business School, Finance & Accounting Seminar, Nov 2012.
Tel-Aviv University, Recanati Business School, Finance & Accounting Seminar, Oct 2012.
European Economic Association, Malaga, Spain, Aug 2012.
The 2012 International Finance and Banking Society, IFABS Conference, Valencia, Spain, June 2012.
Eastern Economic Association, EEA 2012, Boston, March 2012.
Hebrew University, Economics Department, Empirical Economics Seminar, March 2012.
Erasmus-Technion Workshop on Decision and Prediction, Dead-Sea, Jan 2012.
The 2011 International Finance and Banking Society, IFABS Conference, Rome, June 2011.
Hebrew University Business School, Finance & Accounting Seminar, May 2011.
University of Haifa, Graduate School of Management, Finance Seminar, June 2009.
University of Haifa, Economics Department Seminar, June 2009.
Technion, Faculty of Industrial and Engineering and Management, Department Seminar, June 2009.
IDC, Finance Seminar, June 2009.
Ben-Gurion University, Guilford Glazer School of Business & Management, Finance Seminar, May 2009.
Ben-Gurion University, Economics Department Seminar, May 2009.
Bar-Ilan University, Economics Department Seminar, May 2009.
Tel-Aviv University Leon Recanati Graduate School of Business, Finance Seminar, April 2009.
UCLA Economics Department Seminar, Los Angeles, Feb 2009.
Hebrew University Business School, Finance & Accounting Seminar, Jan 2009.