Ahmed Elsayed - Economic Research Forum (ERF)

Ahmed Elsayed

Research Fellows

Associate Professor in Economics, Durham University

Areas of Interest:

  • Contagion and financial crises
  • Return and volatility transmission in financial markets
  • Economic determinants of volatility spillovers
  • Middle East economies and Emerging financial markets
  • Financial development and regulations
  • Banking and Islamic Finance
  • Monetary and financial economics


  • Ph.D. Economics, University of Leeds, 2013
  • M.A. Economics, Zagazig University, 2006
  • B.Sc. Economics, Zagazig University, 1998


  • Associate Professor in Economics, Durham University, 2018 – present
  • Assistant Professor in Economics, Durham University, 2013- 2017
  • Visiting Research Fellow, University of Leeds, 2014-2016
  • Lecturer in Economics, London Met Business School, 2011-2013

Latest Publications:

  • Ahmed H. Elsayed & Larisa Yarovaya (2019). Financial Stress Dynamics in the MENA Region: Evidence from the Arab Spring. Journal of International Financial Markets, Institutions and Money
  • Elsayed, A., (2019). “Political instability and financial stress dynamics among MENA countries: evidence from Arab Spring”. Western Economic Association International Conference, San Francisco, California, June
  • Ahmed, H. & Elsayed, A. (2018). Are Islamic and Conventional Capital Markets Decoupled? Evidence from Stock and Bonds/Sukuk Markets in Malaysia. Quarterly Review of Economics and Finance
  • Damianov, D.S. & Elsayed, A.H. (2018). On the Transmission of Spillover Risks between the Housing Market, the Mortgage and Equity REITs markets, and the Stock Market. Finance Research Letters 27: 193-200


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