H.D.R. (Hans) Dewachter

Hans Dewachter obtained his PH.D. at the KULeuven (Belgium) under the supervision of Paul De Grauwe in 1993. Subsequently, he became first research fellow at CEMFI (Madrid) and the assistant professor at Maastricht University. In 1996 he returned to the university of Leuven where he currently functions as full professor in economics. Since 2001 Hand Dewachter is also affiliated to RSM/ERIM as associate professor. Recently (2006) he became Fellow of CESIFO. His research interest are in the field of Macro-Finance theory linking financial price formation to macroeconomic factors. He published in leading journals such as the European Economic Review, The Journal of Money Credit and Banking, Applied Econometrics and Journal of International Money and Finance.

  • Dewachter, H.D.R. & Smedts, K. (2007). Limits to international arbitrage: an empirical evaluation. International Journal of Finance and Economics, 12(3), 273-285.[go to publisher's site]
  • Dewachter, H.D.R. & Lyrio, M. (2006). Macro factors and the term structure of interest rates. Journal of Money, Credit, and Banking, 38(1), 119-140.
  • Dewachter, H.D.R. & Lyrio, M. (2006). The cost of technical trading rules in the Forex Market: a utility-based evaluation. Journal of International Money and Finance, 25(7), 1072-1089.[go to publisher's site]
  • Dewachter, H.D.R., Lyrio, M. & Maes, K. (2006). A joint model for the term structure of interest rates and the macroeconomy. Journal of Applied Econometrics, 21(4), 439-462.
  • Dewachter, H.D.R. & Lyrio, M. (2005). The economic value of technical trading rules: a nonparametric utility-based approach. International Journal of Finance and Economics, 10(1), 41-62.
  • Dewachter, H.D.R., Lyrio, M. & Maes, K. (2004). The effect of monetary unification on German bond markets. European Financial Management, 10(3), 487-509.
  • Dewachter, H.D.R., Smedts, K. & Maes, K. (2003). Monetary unification and the price of risk: an unconditional analysis. Review of World Economics, 139(2), 296-305.
  • Aksoy, Y., De Grauwe, P. & Dewachter, H.D.R. (2002). Do asymmetries matter for European monetary policy? European Economic Review, 46(3), 443-469.
  • Dewachter, H.D.R. & Veestraeten, D. (2001). 'Measuring Convergence Speed of Asset Prices towards a Pre-Announced Target'. Applied Financial Economics, 11(6), 591-601.
  • Dewachter, H.D.R. (2001). Can Markov Switching Models Replicate Chartist Profits in the Foreign Exchange Market. Journal of International Money and Finance, 20(1), 25-41.
  • Dewachter, H.D.R. & Lyrio, M. (2000). Multiple Equilibria and the Credibility of the Brazilian Crawling Peg, 1995-1998. International Finance, 3(1), 1-23.
  • Dewachter, H.D.R., De Grauwe, P. & Veestraeten, D. (1999). 'Explaining Recent European Exchange Rate Stability'. International Finance, 2(1), 1-32.
  • De Grauwe, P. & Dewachter, H.D.R. (1999). 'Price Dynamics under Stochastic Process Switching: Some Extensions and an Application to EMU'. Journal of International Money and Finance, 18(2), 195-222.
  • Dewachter, H.D.R. & Gielens, G. (1999). 'Setting Futures Margins: The Extremes Approach'. Applied Financial Economics, 9(2), 173-181.
  • Dewachter, H.D.R., De Graauwe, P. & Aksoy, A. (1999). 'Effectiveness of Monetary Policy in the European Central Bank and Voting Rules'. Empirica, 26(4), 299-318.
  • Dewachter, H.D.R. (1999). Achter de schermen van het Europees monetair beleid. Trends Review, 9.
  • Dewachter, H.D.R. & Veestraeten, D. (1998). Expectation Revisions and Jumps in Asset Prices. Economics Letters, 59, 367-372.
  • Dewachter, H.D.R. (1997). Sign Predictions of Exchange Rate Changes: Charts as Proxies for Bayesian Inference. Weltwirtschaftliches Archiv, 133(1), 39-55.
  • Dewachter, H.D.R. & Valle, A.L (1996). Options on the IBEX 35. Revista Espanola de Economia, 13(2), 159-180.
  • Dewachter, H.D.R. (1996). Measuring Exchange Rate Smoothness across Regimes. Kredit und Kapital, 29(4), 528-544.
  • Dewachter, H.D.R. (1996). Modelling Interest Rate Volatility: Regime Switches and Level Links. Weltwirtschaftliches Archiv, 132(2), 236-258.
  • Dewachter, H.D.R. (1996). Charts as Signals in A Markov Switching World. Applied Economics Letters, 3, 405-407.
  • Dewachter, H.D.R. (1995). Divergence Indicators and Volatility Smoothness in Semi-Fixed Exchange Rate Regimes. Weltwirtschaftliches Archiv, 131(4), 695-707.
  • Dewachter, H.D.R. & Gielens, G. (1994). A Note on the Sum-Stability of Speculative Returns. Economic Notes, 23(1), 116-124.
  • Dewachter, H.D.R., Abraham, F. & Camp, G. van (1993). Zijn beleggingsbladen een goede belegging?,. Tijdschrift voor Economie en Management, 58(4), 453-464.
  • Dewachter, H.D.R. & De Grauwe, P. (1993). Chaos in the Dornbusch Model: The Role of Fundamentalists and Chartists. Open Economies Review, 4, 351-379.
  • Dewachter, H.D.R. & De Grauwe, P. (1992). A Chaotic Monetary Model of the Exchange Rate. Kredit und Kapital, 25(1), 26-54.
  • Dewachter, H.D.R., Abraham, F. & Craps, B. (1992). Aandelenkoersen en Opiniepeilingen. Economisch-Statistische Berichten, 3853.
  • Dewachter, H.D.R. & Lyrio, M. (2008). Learning, macroeconomic dynamics and the term structure of interest rates. In J. Campbell (Ed.), Asset pricing and monetary policy (pp. 191-245). Cambridge: NBER.
  • Dewachter, H.D.R., De Grauwe, P. & Aksoy, Y. (2001). From EMS to EMU: Are we better Off? In J.A. Frieden & B. Eichengreen (Eds.), The Political Economy of European Monetary Unification. Oxford: Westview Press.
  • Dewachter, H.D.R., De Graauwe, P. & Aksoy, A. (1999). Die Wirksamkeit der Gelpolitik der Europ√§ischen Zentralbank und ihre Abstimmungsregeln. In R. Neck & R. Holzmann (Eds.), Was Wird aus Euroland. Wien: Manz.
  • Dewachter, H.D.R., Aksoy, Y. & De Graauwe, P. (1999). On the Conduct of Monetary Policy in an Asymmetric Euroland. In D. Cobham & G. Zis (Eds.), From EMS to EMU: 1979 to 1999 and Beyond. London: MacMillan Press.
  • Dewachter, H.D.R. & Gielens, G. (1996). Setting Futures Margins: The Extremes Approach. In M. Smink, H. Smit & T. Vorst (Eds.), Financiering en Belegging. Rotterdam: Erasmus University.
  • Dewachter, H.D.R., De Graauwe, P. & Embrechts, M (1995). Exchange Rate Theory: Chaotic Models of Foreign Exchange Markets. London: Blackwell.
  • Dewachter, H.D.R. (1993). Searching for Low Dimensional Attractors in the Foreign Exchange Market. In H. Bastaens & R. van den Bergh (Eds.), Financiering en Belegging. Rotterdam: Erasmus University.
  • Dewachter, H.D.R. & De Graauwe, P. (1993). A Chaotic Model of the Exchange Rate. In H. Frisch & A. Wortgotter (Eds.), Open-Economy Macroeconomics. Vienna: International Economic Association.
  • Dewachter, H.D.R.. Nonlinearities in Speculative Prices: The Existence and Persistence of Nonlinearity in Foreign Exchange Rates. KU Leuven. Prom./coprom.: P. De Graauwe.

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Latest publication

Dewachter, H.D.R. & Lyrio, M. (2008). Learning, macroeconomic dynamics and the term structure of interest rates. In J. Campbell (Ed.), Asset pricing and monetary policy (pp. 191-245). Cambridge: NBER.