Bang Jeon

Bang Jeon

Professor Bang Jeon received his PhD from Indiana University, Bloomington, and has taught at Drexel since 1988. His research interests include international finance, banking and Asian economies.

Areas of Expertise

  • Financial Economics
  • Global banking and Asian Economies
  • International Economics

Selected Works

Articles

Jeon, Bang Nam, Zheng, DaZhi, and Zhu, Lei, Exchange-Rate Exposure: International Evidence from Daily Firm-Level Data. Journal of Economic Integration 2017 (Forthcoming)

Jeon, Bang Nam, Zhu, Lei, and Zheng, DaZhi, Exchange Rate Exposure and Financial Crises: Evidence from Emerging Asian Markets. Risk Management 2017 (Feb 2017): 1-19.

Jeon, Bang Nam, Lim, Hosung, and Wu, Ji, The impact of foreign banks on monetary policy transmission during the global financial crisis of 2008-2009: Evidence from Korea. Emerging Markets Finance and Trade 52 (Jul 2016): 1574-1586.

Chen, Minghua, Jeon, Bang Nam, Wang, Rui, and Wu, Ji, Corruption and Bank Risk-taking: Evidence from Emerging Economies. Emerging Markets Review 24 (Sep 2015): 122-148.

Jeon, Bang Nam, and Wu, Ji, Global Banks and Internal Capital Markets: Evidence from Bank-level Panel Data in Emerging Economies. Journal of Multinational Financial Management 28 (Dec 2014): 79-94.

Jeon, Bang Nam, and Wu, Ji, The Role of Foreign Banks in Monetary Policy Transmission: Evidence from Asia During the Crisis of 2008-9. Pacific-Basin Finance Journal 29 (Sep 2014): 96-120.

Kim, Won Y., and Jeon, Bang Nam, Has International Capital Mobility Increased in Asia? Evidence from the Post-1997 Financial Crisis Period. Contemporary Economic Policy 31 (Apr 2013): 345-365..

Jeon, Bang Nam, Olivero, Maria P., and Wu, Ji, Multinational Banking and the International Transmission of Financial Shocks: Evidence from Foreign Bank Subsidiaries. Journal of Banking and Finance 37 (Mar 2013): 952-972..

Jeon, Bang Nam, Foreign Banks in Emerging Economies: Friends or Foes?. SERI Quarterly. Q1 2013 (Jan 2013): 40-48.

Wu, Ji, Luca, Alina, and Jeon, Bang Nam, Foreign Bank Penetration and the Lending Channel in Emerging Economies: Evidence from Bank-level Panel Data. Journal of International Money and Finance 30 (Oct 2011): 1128-1156..

Olivero, Maria P., Li, Yuan, and Jeon, Bang Nam, Consolidation in Banking and the Lending Channel of Monetary Transmission: Evidence from Asia and Latin America. Journal of International Money and Finance 30 (Oct 2011): 1034-1054..

Tran, Anh, and Jeon, Bang Nam, The Dynamic Impact of Macroeconomic Factors on Initial Public Offerings: Evidence from Time-Series Analysis. Applied Economics 43 (Sep 2011): 3187-3201..

Jeon, Bang Nam, Olivero, Maria P., and Wu, Ji, Do Foreign Banks Increase Competition? Evidence from Emerging Asian and Latin American Banking Markets. Journal of Banking and Finance 35 (Apr 2011): 856-875..

Olivero, Maria P., Li, Yuan, and Jeon, Bang Nam, Competition in Banking and the Lending Channel: Evidence from Bank-level Data in Asia and Latin America. Journal of Banking and Finance 35 (Mar 2011): 560-571..

Choi, Seung Hee, and Jeon, Bang Nam, The Impact of the Macroeconomic Environment on Merger Activity: Evidence from U.S. Time Series Data. Applied Financial Economics 21 (Feb 2011): 233-249..

Wu, Ji, Jeon, Bang Nam, and Luca, Alina, Does Distance Affect the Performance of Foreign Banks? Evidence from Multinational Banking in Developing Countries. International Finance Review 11 (Nov 2010): 431-474..

Jeon, Bang Nam, From the 1997-8 Asian Financial Crisis to the 2008-9 Global Economic Crisis: Lessons from Korea’s Experience. East Asia Law Review (Penn Law School) 5 (Mar 2010): 103-155..

Wu, Ji, Jeon, Bang Nam, and Luca, Alina, Foreign Bank Penetration, Resource Allocation and Economic Growth: Evidence from Emerging Economies. Journal of Economic Integration 25 (Mar 2010): 167-193..

Li, Huimin, Jeon, Bang Nam, Cho, SY, and Chiang, Thomas C., The Impact of Sovereign Rating Changes and Financial Contagion on Stock Market Return: Evidence from Five Asian Countries. Global Finance Journal 19 (Sep 2008): 46-55..

Jeon, Bang Nam, and Rhee, Sungsup, The Determinants of Korea’s Foreign Direct Investment from the United States, 1980-2001: An Empirical Investigation of Firm-level Data. Contemporary Economic Policy 26 (Jan 2008): 118-131..

Chiang, Thomas C., Jeon, Bang Nam, and Li, Huimin, Dynamic Correlation Analysis of Financial Contagion: Evidence from Asian Markets. Journal of International Money and Finance 26 (Nov 2007): 1206-1228..

Zhu, Lei, and Jeon, Bang Nam, International R&D Spillovers: Trade, FDI, and Information Technology as Spillover Channels. Review of International Economics 15 (Nov 2007): 955-976.

Jeon, Bang Nam, and Zhang, Hongfang, A Currency Union or an Exchange Rate Union: Evidence from Northeast Asia. Journal of Economic Integration 22 (Jun 2007): 256-287.

Choi, Jay, and Jeon, Bang Nam, A Financial Model of Foreign Direct Investments: A Dynamic Analysis of International Data. Research in International Business and Finance 21 (Jan 2007): 1-18.

Jeon, Bang Nam, Han, K.S., and Lee, M. J., Determining Factors for the Adoption of e-Business: the Case of SMEs in Korea. Applied Economics 38 (Sep 2006): 1905-1916.

Jeon, Bang Nam, Tang, Linghui, and Zhu, Lei, Information Technology and Bilateral FDI: Theory and Evidence. Journal of Economic Integration 20 (Oct 2005): 613-630.

Jeon, Bang Nam, Financial Links and Contagion in the 1997 Asian Currency Crisis: An Empirical Examination. Contemporary Studies in Economics and Financial Analysis 86 (Sep 2005): 101-114.

Jeon, Bang Nam, and Jang, B.S., The Linkage Between the U.S. and Korean Stock Markets: The Case of NASDAQ, KOSDAQ, and the Semiconductor Stocks. Research in International Business and Finance 18 (Sep 2004): 319-340.

Jeon, Bang Nam, and Seo, B.S., The Impact of the Asian Financial Crisis on Foreign Exchange Market Efficiency: The Case of the East Asian Countries. Pacific-Basin Finance Journal II (Sep 2003): 509-525.

Jeon, Bang Nam, and Lee, Euiseong, Foreign Exchange Market Efficiency, Cointegration and Policy Coordination. Applied Economics Letters 9 (Sep 2002): 61-68.

Jeon, Bang Nam, and Stone, Susan, Foreign Direct Investment and Trade in the Asia-Pacific Region: Complementarity,Distance and Regional Economic Integration. Journal of Economic Integration 15 (Sep 2000): 460-485.

Jeon, Bang Nam, The Optimal Currency Composition of International Reserve Assets: An Application of the Continuous-Time Stochastic Approach. The International Journal of Finance 10 (Sep 1998): 1015-1035.

Bachman, D., Choi, Jay, Jeon, Bang Nam, and Kopecky, K., Common Factors in International Stock Prices: Evidence from a Cointegration Study. International Review of Financial Analysis 5 (Sep 1996): 39-53.

Chiang, Thomas C., Jeon, Bang Nam, and Oh, Kap-Soo, The Heteroskedastic Behavior of Stock Prices in an Integrated Global Market: Evidence from Taiwan and Korea. Research in International Business and Finance (Sep 1996): 111-132.

Lee, Bong-Soo, and Jeon, Bang Nam, Common Stochastic Trends and Predictability of International Stock Prices. Journal of the Japanese and International Economies (Sep 1995): 245-277.

Jeon, Bang Nam, The European Monetary System: A Symmetric System or an Asymmetric System?. The Korean Economic Review 8 (Sep 1993): 163-174.

Chiang, Thomas C., and Jeon, Bang Nam, A System of Stock Prices in World Stock Exchanges: Common Stochastic Trends for 1975 to 1990?. Journal of Economics and Business 43 (Nov 1991): 329-338.

Jeon, Bang Nam, and von Furstenberg, George, Growing International Co-Movement in Stock Price Indexes. Quarterly Review of Economics and Business 30 (Fall 1990): 15-30.

Jeon, Bang Nam, The New Protectionism: The Welfare Effects of Simultaneous Quantitative Restrictions on an Exporting Country. International Economic Journal 4 (Summer 1990): 35-58.

von Furstenberg, George, and Jeon, Bang Nam, International Stock Price Movements: Links and Messages. Brookings Papers on Economic Activity 1 (Sep 1989): 125-179.

Jeon, Bang Nam, and von Furstenberg, George, Techniques for Measuring the Welfare Effects of Protection: Appraising the Choices. Journal of Policy Modeling 8 (Summer 1986): 273-303.

Books

Jeon, Bang Nam, and Olivero, Maria P., Global Banking, Financial Markets and Crises, International Finance Review, Vol. 14.. London, the U.K.: Emerald Publishing Group, pp. 480, http://www.amazon.com/Banking-Financial-Markets-International-Finance/dp…, (2013):

Chapters

Jeon, Bang Nam, and Olivero, Maria P., “An Overview: Global Banking and Financial Markets in Crisis.” Global Banking, Financial Markets and Crises, International Finance Review, Vol. 14,, Ed. Bang Nam Jeon and Maria Pia Olivero. Bingley, UK: Emarald Group Publishing, (2013): pp. 3-11.

Jeon, Bang Nam, and Wu, Ji, “Foreign Banks, Monetary Policy, and Crises: Evidence from Bank-level Panel Data in Asia.” Global banking, Financial Markets and Crises, International Finance Review, Vol. 14, Ed. Bang Nam Jeon and Maria Pia Olivero. Bingley, UK: Emerald Group Publishing, (2013): pp. 91-114.

Chiang, Thomas C., Jeon, Bang Nam, and Li, Huimin, “Dynamic Correlation Analysis of Financial Contagion: Evidence from Asian Markets (Non-technical, short version).” Financial Contagion: The Viral Threat to the Wealth of Nations, Ed. Robert Kolb. Hoboken, NJ: John Wiley & Sons, (2011):

Jeon, Bang Nam, Zhang, Hongfang, and Ji, Philip, “International Linkages of the Japanese Bond Market: A General Impulse-Response Analysis.” Japanese Fixed Income Markets: Money, Bond and Interest Rate Derivatives, Ed. Jonathan Batten, Thomas Fetherston, Peter Szilagyi. North Holland: Elsevier, (2006): pp. 371-394.

Jeon, Bang Nam, “The Role of Foreign Capital in the Korean Economy: A Driving Force of Economic Development or Financial Crisis?.” Series in Honor of Ral Prebisch and Sir Hans Singer, Volume XXIII: NICs after Asian Crisis, Ed. Sir Hans Singer, Neelambar Hatti, Rameshwar Tandon. London: B.R. Publishing Corporation, (2005):

Jeon, Bang Nam, and Stone, Susan, “The Role of APEC and the Relationship Between FDI and Trade in the Asia-Pacific Economies.” Series in Honor of Ral Prebisch and Sir Hans Singer, Vol. XXII: Regional Trading Arrangement, Ed. Rameshwar Tandon. London: B.R. Publishing Corporation, (2004): pp. 1135-1158.

Jeon, Bang Nam, and Stone, Susan, “Foreign Direct Investment in the Asia-Pacific Region.” Emerging Markets Finance and Investments, Westport, CT: Greenwood Publishing Group, (1998): 14.

Chiang, Thomas C., Jeon, Bang Nam, and Oh, Kap-Soo, “Financial Structures in Industrial Countries: Lessons for Financial Reform in Korea.” The U.S.- Korea Economic Partnership: Policy Directions for Trade and Economic Cooperation, New York, NY: Avebury Publishing Co., (1995): 16.

von Furstenberg, George, and Jeon, Bang Nam, “International Stock Price Movements: Signals from Market to Market?.” The Reaction of Financial and Other Markets to Uncertain News, Ed. Tamkang Chair Lecture Series 90. Taipei, Taiwan: Tamkang University, (1991): pp. 47-144.

von Furstenberg, George, and Jeon, Bang Nam, “Comments on ‘Do Fundamentals, Bubbles, or Neither Determine Stock Prices? Some International Evidence.” The Stock Market: Programmed Chaos?, Ed. Gerald. P. Dwyer, Jr. and Rick W. Hafer. St. Louis: The Federal Reserve Bank of St. Louis, (1990): pp. 69-79.

Monographs

Jeon, Bang Nam, International Money and Finanace: Lecture notes, New York: MCGraw-Hill, (Sep 2007):

Presented Research

Jeon, Bang Nam, Chen, Minghua, Wang, Rui, and Wu, Ji, Foreign bank ownership and risk-taking: Evidence from emerging economies, The 7th Emerging Markets Finance Conference (invited), Indira Gandhi Institute of Development Research (IGIDR): Mumbai, India, (Dec 2016):

Jeon, Bang Nam, Chen, Minghua, Wu, Ji, and Wang, Rui, Foreign bank ownership and risk-taking: Evidence from emerging economies, 2016 KAEA-KIET Joint Conference: Sejong City, Korea, (Aug 2016):

Jeon, Bang Nam, Lim, Hosung, and Wu, Ji, The impact of foreign banks on monetary policy transmission during the global financial crisis of 2008-2009: Evidence from Korea, 2015 World Finance and Banking Symposium: Hanoi, Vietnam, (Dec 2015):

Jeon, Bang Nam, Lim, Hosung, and Wu, Ji, The impact of foreign banks on monetary policy transmission during the global financial crisis of 2008-2009: Evidence from Korea, 2015 Asia Finance Conference: Changsha, China, (Jul 2015):

Jeon, Bang Nam, and Wu, Ji, The impact of foreign banks on monetary policy transmission during the global financial crisis of 2008-9: Evidence from Korea, 2014 SSEM Euro-Conference on Emerging Markets: Budapest, Hungary, (Jul 2014):

Jeon, Bang Nam, and Wu, Ji, Global banks and internal capital markets: Evidence from Bank-level panel data in emerging economies, 2014 Annual Conference of Multinational Financial Society: Prague, Czech Republic, (Jun 2014):

Jeon, Bang Nam, The impact of foreign banks on monetary policy transmission during the global financial crisis of 2008-9: Evidence from Korea, The Bank of Korea Seminar (Invited): Seoul, Korea, (Jul 2013):

Jeon, Bang Nam, and Wu, Ji, Do Multinational Banks Use Internal Capital Markets and How? Evidence from Bank-level Panel Data in Emerging Economies, The 2013 Asia Finance Association meetings: Nanchang, Jangshi, China, (Jul 2013):

Jeon, Bang Nam, and Wu, Ji, The Role of Foreign Banks in Monetary Policy Transmission: Evidence from Asia during the crisis of 2008-9, Institute for Research in Finance and Economy, Seoul National University: Seoul, Korea, (Mar 2013):

Jeon, Bang Nam, and Wu, Ji, The Role of Foreign Banks in Monetary Policy Transmission: Evidence from Asia during the crisis of 2008-9, Hong Kong Monetary Authority, Hong Kong Institute for Monetary Research (HKIMR): Hong Kong, (Feb 2013):

Jeon, Bang Nam, Olivero, Maria P., and Wu, Ji, Multinational Banking and Financial Contagion: Evidence from Foreign Bank Subsidiaries in Emerging Markets, The 2011 HKIMR-IMF Conference on the Monetary and Financial Stability in the Asia-Pacific amid an Uneven Global Recovery: Hong Kong, (Oct 2011):

Jeon, Bang Nam, Olivero, Maria P., and Wu, Ji, Internal Capital Markets in Multinational Banking as a Contagion Channel: Evidence from Foreign Bank Subsidiaries in Emerging Markets, the 2011 Annual Meetings of the Academy of International Business (AIB): Nagoya, Japan, (Jun 2011):

Jeon, Bang Nam, Narayanan, V.K., and Yang, L, Time series analysis of Corporate Venture Capital, Entrepreneurship Research Panel, LeBow College of Business, Drexel University: Philadelphia, PA, (Oct 2010):

Wu, Ji, Jeon, Bang Nam, and Luca, Alina, Internal Capital Markets in Multinational Banks: Evidence from Developing and Emerging Markets, The 2010 KEA-KAEA annual meetings: Seoul, Korea, (Aug 2010):

Jeon, Bang Nam, Olivero, Maria P., and Wu, Ji, Do foreign banks increase competition? Evidence from emerging Asian and Latin American banking markets, 2010 ICMAIF Conference: University of Crete, Greece, (May 2010):

Olivero, Maria P., Li, Yuan, and Jeon, Bang Nam, Competition in Banking and the Lending Channel: Evidence from Bank-level Data in Asia and Latin America, 2009 Australasian Banking and Finance Conference: Sydney, Australia, (Dec 2009):

Jeon, Bang Nam, From the 1997-8 Asian Financial Crisis to the 2008-9 Global Economic Crisis: Lessons from Korea’s Experience, University of Pennsylvania East Asia Law Review Symposium on the 1997 Asian Financial Crises: Penn Law School, Philadelphia, PA, (Nov 2009):

Jeon, Bang Nam, and Kim, WY, Has International Capital Mobility Increased in Asia?, 2009 WEAI annual meetings: Vancouver, Canada, (Jun 2009):

Jeon, Bang Nam, East Asian Regional Economic Ties, KEI’s 2008 Academic Symposium: Shifting Strategic and Political Relations with Korea: New York University, NY, (Sep 2008):

Wu, Ji, Luca, Alina, and Jeon, Bang Nam, The Impact of Foreign Bank Penetration on Monetary Policy Transmission in Emerging Economies: Evidence from Bank-level Data, 2008 Annual Meetings of the KAEA-Bank of Korea Joint Conference: Seoul, Korea, (Jul 2008):

DeStefano, Michael, and Jeon, Bang Nam, A Stock Price and Inflation Puzzle: a Business Cycle Perspective, The 2008 Annual Meetings of WEA International: Honolulu, Hawaii, (Jun 2008):

Jeon, Bang Nam, and Zhang, Hongfang, A Currency Union or an Exchange Rate Union: Evidence from Northeast Asia, The 2007 Oxford Business and Economics Conference: London, UK, (Jun 2007):

Li, Huimin, Jeon, Bang Nam, Cho, SY, and Chiang, Thomas C., The Impact of Sovereign Rating Changes on Stock Markets and Financial Contagion: Evidence from Five Asian Countries, The 2005 Annual Meetings of Global Finance Conference: Dublin, Ireland, (Jun 2005):

Jeon, Bang Nam, Han, K.S., and Kim, M.J., The Determining Factors for the Adoption of e-Business: The Case of SMEs in Korea, The 2004 Annual Meetings of the Academy of International Business: Stockholm, Sweden, (Jul 2004):

Jeon, Bang Nam, Progress and Prospects of Regional Financial Arrangements in Asia, (invited speaker) The 2002 International Finance Seminar, Asian Development Bank (ADB): Penang, Malaysia, (Jul 2002):

Jeon, Bang Nam, and Seo, B.S., The Impact of the Asian Financial Crisis on Foreign Exchange Market Efficiency: the Case of Korea and South East Asian Countries, APFA/PACAP/FMA Finance Conference: Tokyo, Japan, (Jul 2002):

Proceedings

Jeon, Bang Nam, Lim, Hosung, and Wu, Ji, The impact of foreign banks on monetary policy transmission: Evidence from the bank-level panel data in Korea, World Finance & Banking Symposium Sep 2015. Vietnam National University (Jan 2016):

Jeon, Bang Nam, Lim, Hosung, and Wu, Ji, The impact of foreign banks on monetary policy transmission during the global financial crisis of 2008-9: Evidence from Korea, The BOK Seminar, Apr 2014. The Bank of Korea, Working Paper No. 08/2014 (Apr 2014):

Jeon, Bang Nam, and Wu, Ji, The role of foreign banks in monetary policy transmission: Evidence from Asia during the crisis of 2008-9, HKIMR Seminar, Hong Kong, Jan 2014. HKIMR Working Paper No. 01/2014 (Jan 2014):

Jeon, Bang Nam, and Wu, Ji, Multinational banking and financial contagion: Evidence from foreign bank subsidiaries,, HKIMR Seminar Feb 2013. HKIMR Working Paper No. 05/2013 (Jun 2013):

Jeon, Bang Nam, and Wu, Ji, The role of foreign banks in monetary policy transmission: Evidence from Asia during the crisis of 2008-9,, The 2012 KDI-KAEA Joint Summer Conference Jun 2012. The 2012 KDI Journal of Economic Policy Conference Proceedings (Sep 2012):

Education

BA International Economics - Seoul National University, Korea 1977
MA Economics - Indiana University 1983
PhD Economics - Indiana University 1987

Professional Experience

Corporate-Korea Exchange Bank, Seoul, Korea, Economist Dec 1976 - Jul 1981
Corporate-Hudson Institute, Indianapolis, IN, Co-consultant Mar 1985 - Sep 1986
Academic-Rose-Hulman Institute of Technology, Terre Haute, IN, Assistance Professor (1987-1988) Sep 1987 - Aug 1988
Corporate-Drexel University, Co-Director, The Pioneer Executive Training Program for LG Semicon, Korea, Feb 1992 - Dec 1996
Academic-Soongsil University, Seoul, Korea, Visiting Professor (2000), Distinguished Visiting Professor (2002) Seoul Sep 2000 - Jul 2002
Academic-Department of Economics and International Business, Graduate Director (2007-2008), Coordinator of Ph.D. Program in Economics (2000-2006) Sep 2000 - Aug 2008
Academic-Southwest University of Finance and Economics, Chengdu, China, Chair Professor Mar 2010 - Apr 2010
Academic-The Korea-America Economic Association (KAEA), President elect (2012), President (2013), Jan 2012 - Dec 2013
Academic-Hong Kong Monetary Authority, HK Institute for Monetary Research (HKIMR), Research Fellow, Hong Kong, Jan 2013 - Feb 2013
Academic-Seoul National University, Graduate School of International Studies, Visiting Professor, Seoul, Korea, Mar 2013 - Jun 2013
Academic-Soongsil University, College of Economics and International Commerce, Visiting Professor, Seoul, Korea, Mar 2013 - Aug 2013

Awards

2014 Appreciation Award for Serving President (2013) (The Korea-America Economic Association (KAEA))
2003 Excellence in Teaching Award (LeBow College of Business)
2001 Who’s Who in the World (Listed since 2001)
2001 CIBEAR Faculty Registration Scholarship Award (University of Southern California )
2000 Who’s Who in America (Listed since 2000)
1990-1991 University Research Scholar Award (Drexel University)
1987 The Henry M. Oliver Memorial Award for the best Ph.D. student in Economic Theory (Indiana University)