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Business & Economics

Mr Cian Twomey

B.COMM., M.ECON

 
researcher
 

Biography

Before joining NUI Galway, Cian worked in the Department of Economics at University College, Cork and previously in fund management with Bank of Ireland Asset Management, Dublin.

Cian is currently a lecturer in economics within the JE Cairnes School of Business & Economics at NUI Galway, where he delivers a wide range of modules across the discipline of financial economics. He is actively involved on several academic committees within the School. Moreover, he is currently Programme Director of the interdisciplinary BSc. in Financial Mathematics and Economics degree programme. He has also been a regular newspaper contributor to the 'Money Matters' column for the Galway Independent and has made a number of media contributions on various radio and television programmes. 

Cian is also the academic liaison for NUI Galway with the Irish branch of the CFA Institute (the global representative organisation for investment professionals). Through the SUMMIT FINUAS Network (managed by Skillsnet), he has also delivered lectures on global financial markets and fund services. These lectures were aimed at jobseekers seeking an insight into financial markets and an understanding of the international financial services sector in Ireland.
 

Selected Publications:

"The Eurozone: Saved by the Bell?", Journal of the Institute of Bankers in Ireland, Vol 116(1), 2012. 

“Modelling Linkages Among European Equity Markets Incorporating Time-Varying Conditional Skewness,” IAEA Conference, Madrid, Spain, March 2007.

“Using DCC-GARCH to Model International Bond and Equity Market Interactions”, International Conference in Finance, Copenhagen, September 2005.

"Multivariate GARCH Analysis,” Economic and Social Review, 29 (4), 1998. 
  

 

Research Interests

Cian’s primary research interests are in fapplied financial economics. In particular, his research applies recent advances in quantitative finance to a series of research questions in the area of cross-market interdependencies among international capital markets, stock market volatility, and innovative financial instruments (in particular, contracts for difference). In addition, he is currently exploring the application of behavioural finance to portfolio modelling.

His other research interests are in the related areas of international finance, monetary economics, banking, financial derivatives, and the interplay between financial and industrial economics. These correspond well with the courses he teaches in financial markets, investments, banking, financial econometrics, statistics, portfolio modelling, and financial derivatives.

Peer Reviewed Journals

  Year Publication
(2014) 'How Have Contracts for Difference Affected Irish Equity Market Volatility?'
Corbet, S;Twomey, C (2014) 'How Have Contracts for Difference Affected Irish Equity Market Volatility?'. Economic And Social Review, 45 :559-577 [Details]
(2017) 'The economic impact of aquaculture expansion: An input-output approach'
Grealis, E,Hynes, S,O'Donoghue, C,Vega, A,Van Osch, S,Twomey, C (2017) 'The economic impact of aquaculture expansion: An input-output approach'. Marine Policy, 81 :29-36 [DOI] [Details]
(2017) 'The economic impact of aquaculture expansion: An input-output approach'
Eoin Grealisa, , , Stephen Hynesa, Cathal O’Donoghueb, Amaya Vegaa, Suzanne Van Oscha, Cian Twomeyc (2017) 'The economic impact of aquaculture expansion: An input-output approach'. Marine Policy, 81 :29-36 [Details]
(2016) 'How Have Contracts for Difference Affected Irish Equity Market Volatility?'
Corbet, S,Twomey, C (2016) 'How Have Contracts for Difference Affected Irish Equity Market Volatility?'. Economic And Social Review, 45 :559-577 [Details]
(2015) 'How Have Contracts for Difference Affected Irish Equity Market Volatility?'
Corbet, S. and Twomey, C. (2015) 'How Have Contracts for Difference Affected Irish Equity Market Volatility?'. The Economic And Social Review, 45 (4):559-577 [ARAN Link] [Details]
(1998) 'Identifying the Source of Mean and Volatility Spillovers in Irish Equities: A Multivariate GARCH Analysis'
Twomey, C. (1998) 'Identifying the Source of Mean and Volatility Spillovers in Irish Equities: A Multivariate GARCH Analysis'. Economic and Social Review, 29 (4) [Details]

Book Chapters

  Year Publication
(2002) 'The Irish Residential Property Market. In Eleanor Doyle (ed.) Begg: Economics, Irish Cases'
Twomey, C. (2002) 'The Irish Residential Property Market. In Eleanor Doyle (ed.) Begg: Economics, Irish Cases' In: London: McGraw-Hill. [Details]
(2002) 'Home and Away: Diversification and the Irish Equity Market. In Eleanor Doyle (ed.) Begg: Economics, Irish Cases'
Twomey, C. (2002) 'Home and Away: Diversification and the Irish Equity Market. In Eleanor Doyle (ed.) Begg: Economics, Irish Cases' In: London: McGraw-Hill. [Details]

Published Reports

  Year Publication
(2017) Quantifying Financial Literacy in Galway.
Twomey, C. (2017) Quantifying Financial Literacy in Galway. SCCU, Galway. [Details]

Other Journals

  Year Publication
(2018) 'Quantifying Interactions among European Equity Markets with Time-Varying Conditional Skewness'
Twomey, C. (2018) 'Quantifying Interactions among European Equity Markets with Time-Varying Conditional Skewness' Archives of Business Research, . [Details]
(2016) 'European Equity Market Contagion: An Empirical Application to Ireland's Sovereign Debt Crisis'
Corbet, Shaen; Twomey, Cian (2016) 'European Equity Market Contagion: An Empirical Application to Ireland's Sovereign Debt Crisis' European Financial and Accounting Journal, . [Details]
(2015) 'Quantifying the effects of the inclusion and segregation of Contracts for Difference in Australian equity markets'
Twomey, C. and Corbet, S. (2015) 'Quantifying the effects of the inclusion and segregation of Contracts for Difference in Australian equity markets' International Journal of Economics and Financial Issues, 4 (2) . [ARAN Link] [Details]
(2014) 'Have Exchange Traded Funds influenced commodity market volatility?'
Twomey, C. and Corbet, S. (2014) 'Have Exchange Traded Funds influenced commodity market volatility?' International Journal of Economics and Financial Issues, 4 . [ARAN Link] [Details]
(2015) 'The Eurozone: Saved by the Bell'
Twomey, C. (2015) 'The Eurozone: Saved by the Bell' Banking Ireland (Journal of the Institute of Bankers in Ireland), 116 (1) . [ARAN Link] [Details]

Conference Contributions

  Year Publication
(2018) ICEP 2018,
Twomey, C., Loughnane, R., Loughnane, A. (2018) Conference on Engaging Pedagogy. [Invited Lecture], ICEP 2018, Dublin , 15-DEC-18. [Details]

ANET/COS

  Year Publication
(2022) Alpha vs Beta - A Review.
Cian Twomey (2022) Alpha vs Beta - A Review. ANET/COS [Details]

Article

  Year Publication
(2018) The Future of Cash.
Twomey, C (2018) The Future of Cash. Article [Details]

Conference Paper

  Year Publication
(2017) Conditional Skewness Modelling in Financial Markets. Warsaw: EFA Risk Conference.
Twomey, C. (2017) Conditional Skewness Modelling in Financial Markets. Warsaw: EFA Risk Conference. Conference Paper [Details]
(2016) An index of financial market stress for the United Kingdom.
Corbet, C. Twomey, C. (2016) An index of financial market stress for the United Kingdom. Conference Paper [Details]
(2016) DCC-GARCH Models across Financial Markets. London: EFA Risk Conference.
Twomey, C. (2016) DCC-GARCH Models across Financial Markets. London: EFA Risk Conference. Conference Paper [Details]
(2008) Volatility Linkages in Assets Markets. Milan: EFA Risk Conference.
Twomey, C. (2008) Volatility Linkages in Assets Markets. Milan: EFA Risk Conference. Conference Paper [Details]
(2015) Modelling Linkages among European Equity Markets Incorporating Time-Varying Conditional Skewness. Madrid, Spain: IAEA Conference.
Twomey, C. (2015) Modelling Linkages among European Equity Markets Incorporating Time-Varying Conditional Skewness. Madrid, Spain: IAEA Conference. Conference Paper [Details]
(2006) DCC-GARCH International Models. Wexford: Irish Economic Association Annual Conference.
Twomey, C. (2006) DCC-GARCH International Models. Wexford: Irish Economic Association Annual Conference. Conference Paper [Details]
(2005) Using DCC-GARCH to Model International Bond and Equity Market Interactions. Copenhagen: International Conference in Finance.
Twomey, C. (2005) Using DCC-GARCH to Model International Bond and Equity Market Interactions. Copenhagen: International Conference in Finance. Conference Paper [Details]
(2002) Conditional Skewness in Equity Markets.. Limerick: Irish Economic Association Annual Conference.
Twomey, C. (2002) Conditional Skewness in Equity Markets.. Limerick: Irish Economic Association Annual Conference. Conference Paper [Details]
(2000) Volume and Volatility Interactions Among Major European Stock Markets. London: Money, Macro and Finance Conference.
Twomey, C. (2000) Volume and Volatility Interactions Among Major European Stock Markets. London: Money, Macro and Finance Conference. Conference Paper [Details]

Newspaper Articles

  Year Publication
(2018) Happiness economics, ‘hygge’ and the world of work.
C. Twomey (2018) Happiness economics, ‘hygge’ and the world of work. Newspaper Articles [Details]
(2014) Why a fall in airfares is unlikely.
Twomey, C. (2014) Why a fall in airfares is unlikely. Newspaper Articles [Details]
(2015) Economic lessons from a club sandwich.
Twomey, C. (2015) Economic lessons from a club sandwich. Newspaper Articles [Details]
(2015) The surprising economics of Easter eggs.
Twomey, C. (2015) The surprising economics of Easter eggs. Newspaper Articles [Details]
(2015) The economic benefits of our Irish weather.
Twomey, C. (2015) The economic benefits of our Irish weather. Newspaper Articles [Details]
(2015) How the ECB is Q(uickly) E(roding) the euro’s value.
Twomey, C. (2015) How the ECB is Q(uickly) E(roding) the euro’s value. Newspaper Articles [Details]
(2015) An economic perspective on the marriage referendum.
Twomey, C. (2015) An economic perspective on the marriage referendum. Newspaper Articles [Details]
(2015) Can further stock market gains beat the ‘January Blues’?.
Twomey, C. (2015) Can further stock market gains beat the ‘January Blues’?. Newspaper Articles [Details]
(2011) Brain Training for Investors: Part I.
Twomey, C. (2011) Brain Training for Investors: Part I. Newspaper Articles [Details]
(2011) Brain Training for Investors: Part II.
Twomey, C. (2011) Brain Training for Investors: Part II. Newspaper Articles [Details]
(2011) VAT: Not as easy as ABC.
Twomey, C. (2011) VAT: Not as easy as ABC. Newspaper Articles [Details]
(2011) Heads or Tails on Global Inflation?.
Twomey, C. (2011) Heads or Tails on Global Inflation?. Newspaper Articles [Details]
(2011) How much for a Partridge in a Pear Tree?.
Twomey, C. (2011) How much for a Partridge in a Pear Tree?. Newspaper Articles [Details]
(2011) ECB: Is it Time to Start the Printing Presses?.
Twomey, C. (2011) ECB: Is it Time to Start the Printing Presses?. Newspaper Articles [Details]
(2011) A Trillion Euro: A Price Worth Paying to Save the Euro?.
Twomey, C. (2011) A Trillion Euro: A Price Worth Paying to Save the Euro?. Newspaper Articles [Details]
(2011) Smartphone Wars: Attack of the Clones.
Twomey, C. (2011) Smartphone Wars: Attack of the Clones. Newspaper Articles [Details]
(2011) Fake Apples and Rip-Off Chanel Handbags.
Twomey, C. (2011) Fake Apples and Rip-Off Chanel Handbags. Newspaper Articles [Details]
(2011) Financial Amnesia: Why our Memories are Not to be Trusted.
Twomey, C. (2011) Financial Amnesia: Why our Memories are Not to be Trusted. Newspaper Articles [Details]
(2012) Can Making Babies Rescue the Global Economy?.
Twomey, C. (2012) Can Making Babies Rescue the Global Economy?. Galway: Galway Independent Newspaper Articles [Details]
(2012) Gosset and the Perfect Pint of Guinness.
Twomey, C. (2012) Gosset and the Perfect Pint of Guinness. Galway: Galway Independent Newspaper Articles [Details]
(2012) Financial Literacy.
Twomey, C. (2012) Financial Literacy. Galway: Galway Independent Newspaper Articles [Details]
(2012) Social Investing and the Herd Effect.
Twomey, C. (2012) Social Investing and the Herd Effect. Galway: Galway Independent Newspaper Articles [Details]
(2012) Does Weather affect the Stock Market?.
Twomey, C. (2012) Does Weather affect the Stock Market?. Galway: Galway Independent Newspaper Articles [Details]
(2012) If you Fancy a Little Light Reading.
Twomey, C. (2012) If you Fancy a Little Light Reading. Galway: Galway Independent Newspaper Articles [Details]
(2012) ‘Going for Gold’: Predicting an Irish Gold Medal in the Olympics.
Twomey, C. (2012) ‘Going for Gold’: Predicting an Irish Gold Medal in the Olympics. Galway: Galway Independent Newspaper Articles [Details]
(2012) Volvo Ocean Race & its Economic Impact for Galway?.
Twomey, C. (2012) Volvo Ocean Race & its Economic Impact for Galway?. Galway: Galway Independent Newspaper Articles [Details]

Other Item

  Year Publication
(2012) Video Games: Economies of the Future?.
Twomey, C (2012) Video Games: Economies of the Future?. Galway: Galway Independent Other Item [Details]
(2012) Why are there so many Spam emails?.
Twomey, C. (2012) Why are there so many Spam emails?. Galway: Galway Independent Other Item [Details]
(2012) Hallowe’en Indicator 2012: Trick or Treat?.
Twomey, C. (2012) Hallowe’en Indicator 2012: Trick or Treat?. Galway: Galway Independent Other Item [Details]

Report

  Year Publication
(2015) Employment Effects of Proposed Aquaculture Project in Galway Bay.
Grealis, E., Hynes, S. and Twomey, C. (2015) Employment Effects of Proposed Aquaculture Project in Galway Bay. Report [Details]

Workshops

  Year Publication
(2008) Volatility Linkages. London: MMC Risk Seminar.
Twomey, C. (2008) Volatility Linkages. London: MMC Risk Seminar. Workshops [Details]

Working Paper

  Year Publication
(2013) Quantifying the effects of the inclusion and segregation of Contracts for Difference in Australian equity markets.
Corbet, Shaen; Twomey, Cian (2013) Quantifying the effects of the inclusion and segregation of Contracts for Difference in Australian equity markets. NUI Galway: Working Paper [ARAN Link] [Details]
(2014) How have Contracts for Difference affected Irish equity market volatility?.
Corbet, Shaen; Twomey, Cian (2014) How have Contracts for Difference affected Irish equity market volatility?. NUI Galway: Working Paper [ARAN Link] [Details]

Professional Associations

  Association Function From / To
St Columba's Credit Union Chairperson /

Teaching Interests

Cian has developed and taught courses at both undergraduate and postgraduate levels across a wide range of topics, including:
-         Behavioural Finance
-         Investments
-         Derivatives & Risk Management 
-         Economics of Financial Markets
-         Financial Markets with Excel
-         Corporate Treasury Management
-         Portfolio Management
-         Microeconomics and Macroeconomics
-         Quantitative Methods -         
-         Money & Banking