Michael Tamvakis

Michael trained as an economist at the Athens University of Economics and Business in Greece. He then joined the International Centre for Shipping, Trade and Finance at Cass; first as a student on its MSc programme, and then as a member of its academic staff, when he also received his PhD. He has served as Director of the MSc in Shipping, Trade & Finance and Associate Dean for the undergraduate programmes at Cass. He is currently Director of the MSc in Energy, Trade & Finance.

He lectures in international commodity trade, commodity derivatives and trading, energy economics and shipping economics. His research interests are in the areas of commodity economics, energy derivatives and shipping economics.

Qualifications

• MSc (Shipping, Trade & Finance), City University London, London, United Kingdom, Oct 2017 – Sep 1989
• BSc (Economics), Athens University of Economics and Business, Athens, Greece, Oct 2017 – Apr 1988
• PhD (City), City University London, London, United Kingdom

Employment

• Visiting Professor, University of Geneva, Geneva, Oct 2017 – present
• Director, MSc Energy, Trade & Finance, City University London, London, Oct 2008 – present
• Associate Dean, Undergraduate Programmes, City University London, London, Apr 2003 – Mar 2009
• Director, MSc in Shipping, Trade & Finance, City University London, London, Jan 1998 – Mar 2003

Memberships of Professional Organisations

• Member, International Association of Energy Economics, Sep 2009 – present
• Member, Institute of Chartered Shipbrokers, Oct 2002 – Oct 2007

Languages

French (can read, write, speak, understand spoken and peer review), German (can read, write, speak and understand spoken), Greek, Modern (1453-) (can read, write, speak, understand spoken and peer review) and Spanish; Castilian (can read, write, speak and understand spoken).

Expertise

Primary Topics

• Commodities
• Derivatives
• Shipping, Trade & Finance
• Transportation

Industries/Professions

• commodities
• energy
• mining
• oil & gas
• shipbuilding
• shipping
• steel & metals
• transportation

Research Topics

• Oil markets Market conditions and price-volume relations in oil and products futures
• Oil markets Pricing of futures contracts, transmission of pricing signals, transmission of volatility
• Metals Relationship between prices, stocks, news and economic indicators

Books (2)

• Tamvakis, M. (2015). Commodity trade and finance. Informa Law from Routledge. ISBN 978-1-317-66336-2.
• Tamvakis, M. (2007). Commodity Trade and Finance. London: Informa Law from Routledge. ISBN 978-1-84311-704-9

Chapters (4)

• Tamvakis, M. (2012). International Seaborne Trade. In Talley, W. (Ed.), The Blackwell Encyclopedia of Maritime Economics (pp. 52–86). Wiley-Blackwell. ISBN 978-1-4443-3024-3.
• Tamvakis, M. (2010). Energy Economics and Trade. In Th Grammenos, C. (Ed.), The Handbook of Maritime Economics and Business (pp. 117–178). London: Lloyd's List, Informa. ISBN 978-1-84311-880-0.
• Tamvakis, M. (2002). Energy Economics and Trade. In Grammenos, C.T. (Ed.), The Handbook of Maritime Economics and Business (pp. 105–146). LLP Professional Publishing. ISBN 978-1-84311-195-5.
• Tamvakis, M., Granberg, A. and Gold, E. (1999). Economy and Commercial Viability of the Northern Sea Route. In Ostreng, W. (Ed.), The Natural and Societal Challenges of the Northern Sea Route: A Reference Work (pp. 221–280). Kluwer Academic Publishers. ISBN 978-90-481-5376-3.

Journal Articles (14)

• Alizadeh, A.H. and Tamvakis, M. (2016). Market conditions, trader types and price-volume relation in energy futures markets. Energy Economics, 56, pp. 134–149. doi:10.1016/j.eneco.2016.03.001.
• de Menezes, L.M., Houllier, M.A. and Tamvakis, M. (2016). Time-varying convergence in European electricity spot markets and their association with carbon and fuel prices. Energy Policy, 88, pp. 613–627. doi:10.1016/j.enpol.2015.09.008.
• Jin, X., Xiaowen Lin, S. and Tamvakis, M. (2012). Volatility transmission and volatility impulse response functions in crude oil markets. Energy Economics, 34(6), pp. 2125–2134. doi:10.1016/j.eneco.2012.03.003.
• Lin, S.X. and Tamvakis, M. (2010). OPEC announcements and their effects on crude oil prices. Energy Policy, 38(2), pp. 1010–1016. doi:10.1016/j.enpol.2009.10.053.
• Tamvakis, M., Hallouche, H. and Train, B. (2006). The Strategies of non-OECD Gas Producers. Oxford Energy Forum, 2006(64), pp. 16–18.
• Tamvakis, M. and Lin, S.X. (2005). Trading and news effects of NYMEX on IPE crude oil futures contracts. Journal of Derivatives and Hedge Funds (formerly Derivatives Use, Trading and Regulation), 10(4), pp. 338–348.
• Lin, S.X. and Tamvakis, M.N. (2004). Effects of NYMEX trading on IPE Brent Crude futures markets: A duration analysis. Energy Policy, 32(1), pp. 77–82. doi:10.1016/S0301-4215(02)00259-8.
• Giamouridis, D. and Tamvakis, M. (2002). Asymptotic distribution expansions in option pricing: the case of energy and interest rate markets. Journal of Derivatives, 9(4), pp. 33–44. doi:10.3905/jod.2002.319184.
• Lin, S.X. and Tamvakis, M.N. (2001). Spillover effects in energy futures markets. Energy Economics, 23(1), pp. 43–56. doi:10.1016/S0140-9883(00)00051-7.
• Giamouridis, D.G. and Tamvakis, M.N. (2001). The Relation Between Return and Volatility in the Commodity Markets. The Journal of Alternative Investments, 4(1), pp. 54–62. doi:10.3905/jai.2001.318998.
• Tamvakis, M.N. and Thanopoulou, H.A. (2000). Does quality pay? The case of the dry bulk market. Transportation Research Part E: Logistics and Transportation Review, 36(4), pp. 297–307. doi:10.1016/S1366-5545(00)00005-3.
• Mayr, T.P. and Tamvakis, M.N. (1999). The dynamic relationships between paper petroleum refining and physical trade of crude oil into the united states. Maritime Policy and Management, 26(2), pp. 127–136. doi:10.1080/030888399286952.
• Tamvakis, M.N. (1995). An investigation into the existence of a two-tier spot freight market for crude oil carriers. Maritime Policy & Management, 22(1), pp. 81–90. doi:10.1080/03088839500000034.
• Papadopoulos, P.A. (1994). Applications of probability theory to marine project appraisal. Maritime Policy and Management, 21(2), pp. 103–123. doi:10.1080/03088839400000028.

Course Directorship

• 2008 - present, MSc Energy, Trade & Finance, Director
• 2003 - 2009, Cass Undergraduate Programme, Associate Dean
• 1998 - 2003, MSc Shipping, Trade & Finance, Director

Editorial Activities (6)

• Energy Policy, Referee, 2015 – present.
• International Journal for Financial Engineering and Risk Management, Special Editor, 2014.
• Energy Economics, Referee, 2010 – present.
• Journal of Alternative Investments, Referee, 2010 – present.
• Maritime Policy & Management, Referee, 2009 – present.
• Energy Journal, Referee, 2004 – present.