About
Dr Mohamed Bakoush is an Assistant Professor in Banking and Finance at Southampton Business School. Before joining Southampton, Mohamed worked in the Economics and Finance Department at Brunel University and has previously worked at the Monetary and Capital Markets Department of the International Monetary Fund (IMF).
Research
Research groups
Research interests
- Financial Stability
- Financial Innovation & Fintech
- Sustainable Finance & Climate Risk
- Digital Money & Banking
- Macro-Finance
Current research
Mohamed’s research interests are multidisciplinary in nature and he has a very keen interest in computational modeling. He combines insights from complexity science, psychology, finance, and risk management to investigate some of the big research questions in financial economics. In particular, Mohamed’s current research focuses on modeling the risk and behavior of heterogenous agents in macro-finance models with a focus on the interface between financial stability, monetary stability, and debt sustainability. Based on this framework, Mohamed examines the emergence of systemic risk in financial markets and its spillover effects on the real economy. This applies to different markets including the derivatives market, the interbank market, the banking system, and the financial system in general. Mohamed’s work also involves modeling the interaction between different types of financial and non-financial risks such as market, liquidity, funding, solvency, and climate risk and how systemic financial crises could emerge from this interaction. Mohamed’s research also involves studying the implications of financial innovation, the fintech revolution, and digital currencies for financial intermediation and financial stability.
Mohamed is interested in hearing from aspiring PhD applicants who would like to pursue a thesis on a topic related to one of his research interests. Mohamed is also interested in hearing from students from other disciplines interested in complex systems applications in finance or economics. Mohamed can also offer supervision for qualified PhD applicants interested in one of the following research topics:
1. The impact on the banking system due to the substitutability and complementarity of financial services offered by fintech and other non-bank intermediaries
2. The evolution of money creation in the digital economy and the impact of central bank digital currencies on the banking system
3. The future challenges for banks due to climate change and the transition to a low-carbon economy
4. Evaluating the effectiveness of macroprudential policies during and after the global financial crisis and COVID-19 pandemic with a particular focus on bank profitability and stability
5. The interaction between monetary policy and macroprudential policies in a low/high-interest rate environment.
Publications
Teaching
Mohamed currently teaches the following modules:
External roles and responsibilities
Biography
Mohamed holds a Ph.D. in Computational Financial Economics having read for his degree jointly between the Agents, Interaction and Complexity Group of the Computer Science School and the Banking and Finance Department of the Business School at the University of Southampton. He also holds an MSc in International Banking and Finance, and a BSc in Finance. In addition, Mohamed is a Chartered Financial Analyst (CFA), a Certified Financial Risk Manager (FRM) by the Global Association of Risk Professionals (GARP), a Full Member (MCSI) of the Chartered Institute of Securities and Investments (CISI) and a Fellow of the Higher Education Academy (FHEA).
Mohamed is eager to combine research excellence with policy relevance. His work on systemic risk and financial stability has far-reaching implications for macroprudential policy. For example, Mohamed has developed a macroprudential stress test of bank liquidity and solvency in one of his research papers which caught the attention of some central banks and he was invited to present his work at the Bank of England, and the Bank of Finland. He has also contributed to the Global Financial Stability Report published by the International Monetary Fund.
Mohamed's work in the area of financial economics has been nationally and internationally recognized. Parts of his work have been published or are currently under review in top journals. He has been invited to present his research at top conferences including the American Economic Association Annual Meeting, the Institute for New Economic Thinking Conference, the International Finance and Banking Society Conference; and the Society for Computational Economics Conference. In addition, Mohamed has been selected in global competition as one of the top 300 young economists in the world by the Lindau Nobel Laureate Meetings Council in 2017.