Finance
Monfort College of Business
PhD in Macroeconomics and Finance, Trinity College Dublin, University of Dublin, Ireland, 2005
MA Economics, Johns Hopkins University, 2000
Constantin Gurdgiev taught investments, financial trading, portfolio management, impact finance, corporate finance, business statistics, financial macroeconomics, and risk analysis at Trinity Business School, Trinity College Dublin (Ireland, 2000-present), Northeastern University (Boston, MA), Presidio Graduate School (San Francisco, CA) and Middlebury College, MIIS (Monterey, CA). He currently serves as a Visiting Professor with Trinity College Dublin (Ireland).
Outside the classroom, Professor Gurdgiev is a Co-Founder and the Board Member of two financial services charities working with the issues of financial empowerment in Europe. He also advises a range of financial services start-ups and institutional investors through his advisory practice MacroView.
Before returning to full time role in academia in 2016, Professor Gurdgiev served as Head of Research and Founding Partner of St. Columbanus AG (Switzerland), a diversified asset management firm based in Switzerland. Prior to that, he served as Head of Macroeconomics with the Institute for Business Value, IBM (USA), and Director of Research with NCB Stockbrokers, Ltd (Ireland)
Professor Gurdgiev's research focuses on investment markets, geopolitical and macroeconomic risk and VUCA analysis, risk spillovers and systemic contagion, and conflict finance.
2020- Present Peer Reviewed Articles
Sitara Karim, Constantin Gurdgiev. Corporate debt Regime under Political, Economic, and climate uncertainties, Journal of International Money & Finance, 2025, 103298, ISSN 0261-5606, https://doi.org/10.1016/j.jimonfin.2025.103298. (A/Abs3).
AnthanasiusFomum Tita, Joseph J. French, Constantin Gurdgiev, AdefemiObalade. Does the tail of finance wag the dog of the real economy? Dynamic connectedness of the stock market and business confidence, International Review of Economics & Finance, Volume 98, 2025, 103856, ISSN 1059-0560, https://doi.org/10.1016/j.iref.2025.103856. (A/Abs2).
Joseph J. French, Constantin Gurdgiev, Seungho Shin. The profits vs protests: Corporate value dynamics amidst activist uproar, Finance Research Letters, Volume 69, Part B, 2024, 106263, ISSN 1544-6123, https://doi.org/10.1016/j.frl.2024.106263. (A/Abs2).
Ujjal Chatterjee, Joseph J. French, Constantin Gurdgiev, Paul Borochin. Financial intermediation and informational efficiency: Predicting business cycles, International Review of Economics & Finance, Volume 96, Part B, 2024, 103607, ISSN 1059-0560, https://doi.org/10.1016/j.iref.2024.103607.(A/Abs2).
Faroque Ahmed, Constantin Gurdgiev, Kazi Sohag, Md. Monirul Islam, Veton Zeqiraj. Global, local, or glocal? Unravelling the interplay of geopolitical risks and financial stress, Journal of Multinational Financial Management, Volume 75, 2024, 100871, ISSN 1042-444X, https://doi.org/10.1016/j.mulfin.2024.100871. (B/Abs2).
John W. Goodell, Constantin Gurdgiev, Sitara Karim, Alessia Palma. Carbon emissions and liquidity management, International Review of Financial Analysis, Volume 95, Part A, 2024, 103367, ISSN 1057-5219, https://doi.org/10.1016/j.irfa.2024.103367.(A/Abs3).
Joseph J. French, Seungho Shin, Constantin Gurdgiev, Atsuyuki Naka. Uncertainty and international fund flows: A cross-country analysis, International Review of Financial Analysis, Volume 94, 2024, 103282, ISSN 1057-5219, https://doi.org/10.1016/j.irfa.2024.103282. (A/Abs3).
Veton Zeqiraj, Constantin Gurdgiev, Kazi Sohag, Shawkat Hammoudeh. Economic uncertainty, public debt and non-performing loans in the Eurozone: Three systemic crises, International Review of Financial Analysis, Volume 93, 2024, 103208, ISSN 1057-5219, https://doi.org/10.1016/j.irfa.2024.103208. (A/Abs3).
John W. Goodell, Constantin Gurdgiev, Andrea Paltrinieri, Stefano Piserà. Do price caps assist monetary authorities to control inflation? Examining the impact of the natural gas price cap on TTF spikes, Energy Economics, Volume 131, 2024, 107359, ISSN 0140-9883, https://doi.org/10.1016/j.eneco.2024.107359. (A*/Abs3).
Constantin Gurdgiev, Alexander Petrovskiy. Hedging and safe haven assets dynamics in developed and developing markets: Are different markets that much different?, International Review of Financial Analysis, Volume 92, 2024, 103059, ISSN 1057-5219, https://doi.org/10.1016/j.irfa.2023.103059. (A/Abs3).
Joseph J. French, Constantin Gurdgiev, Seungho Shin. When doing the right thing doesn't pay: Impact of corporate decisions on Russian market participation in the wake of the Ukraine-Russia war, Finance Research Letters, Volume 58, Part B, 2023, 104468, ISSN 1544-6123, https://doi.org/10.1016/j.frl.2023.104468. (A/Abs2).
John W. Goodell, Constantin Gurdgiev, Andrea Paltrinieri, Stefano Piserà. Global energy supply risk: Evidence from the reactions of European natural gas futures to Nord Stream announcements, Energy Economics, Volume 125, 2023, 106838, ISSN 0140-9883, https://doi.org/10.1016/j.eneco.2023.106838. (A*/Abs3).
Constantin Gurdgiev, Qiuxin Ni. Board diversity: Moderating effects of CEO overconfidence on firm financing decisions, Journal of Behavioral & Experimental Finance, Volume 37, 2023, 100783, ISSN 2214-6350, https://doi.org/10.1016/j.jbef.2022.100783.(A/Abs1).
Constantin Gurdgiev, Aaron Henrichsen, Andrew Mulhair. The budgets of wars: Analysis of the U.S. defense stocks in the Post-Cold War era, International Review of Economics & Finance, Volume 82,2022, Pages 335-346, ISSN 1059-0560,https://doi.org/10.1016/j.iref.2022.06.023.(A/Abs2).
Gurdgiev, Constantin, and Conor O’Riordan. A Wavelet Perspective of Crisis Contagion between Advanced Economies and the BRIC Markets. Journal of Risk & Financial Management 14, no. 10: 503. 2021. https://doi.org/10.3390/jrfm14100503. (B/Abs NA)
Constantin Gurdgiev, Daniel O’Loughlin. Herding and anchoring in cryptocurrency markets: Investor reaction to fear and uncertainty.Journal of Behavioral & Experimental Finance, Volume 25, 2020, 100271, ISSN 2214-6350, https://doi.org/10.1016/j.jbef.2020.100271.(A/Abs1)
Prior research at Google Scholar:
2020-present Select Industry Publications and Book Chapters :
If you think that rising energy prices are solely down to sanctions on Russia, it is time to think again. The Currency, July 2024. https://thecurrency.news/articles/152612/constantin-gurdgiev-if-you-think-that-rising-energy-prices-are-solely-down-to-sanctions-on-russia-it-is-time-to-think-again/
The business of killing: Greed-driven PE funds chase dizzy pay-outs and massive wealth in a light-regulation world. The Currency, June 2024. https://thecurrency.news/articles/151582/the-business-of-killing-greed-driven-pe-funds-chase-dizzy-pay-outs-and-massive-wealth-in-a-light-regulation-world/
The West is losing the first battles of Cold War 2.0. Where does that leave Europe? The Currency, May 2024. https://thecurrency.news/articles/148778/constantin-gurdgiev-europe-has-a-dilemma-as-the-gloves-come-off-across-the-pacific/
Europe is preparing yet another round of Russian sanctions. What will it mean for Russia, the EU, and energy prices? The Currency, May 2024. https://thecurrency.news/articles/149085/europe-is-preparing-yet-another-round-of-russian-sanctions-what-will-it-mean-for-russia-the-eu-and-energy-prices/
Back to the geoeconomic future: Ireland and the EU in the face of a new Cold War, The Currency, February 2024. https://thecurrency.news/articles/138412/back-to-the-geoeconomic-future-the-irish-economy-and-the-eu27/
AI in Financial Services: A Transformational Force Beyond the Hype, International Banker, Summer 2023 edition, pages 108-111. August 2023. https://internationalbanker.com/technology/ai-in-financial-services-a-transformational-force-beyond-the-hype/
Budget 2024 Submission: Ireland needs a EUR20 million “Homes Market Tech” fund, by Homebuyers’ Hero, LLC. https://www.linkedin.com/feed/update/urn:li:activity:7097218383099641856/ August 2023.
The Journey of a Thousand Miles: A Decade of the Impact of Foreign Shareholders on the Performance of Chinese Commercial Banks. Chapter 10 in Handbook of Banking and Finance in Emerging Markets, ed. Duc Khuong Nguyen, Edward Elgar Publishing, 2022. Pages 176-199. http://dx.doi.org/10.4337/9781800880900
Submission to the Commission on Taxation and Welfare on introducing a site value tax. Lead researcher: Eóin Flaherty. Ireland. March 2022. https://arxiv.org/abs/2203.12611
Informational efficiency and cybersecurity threats: A Social Impact Finance perspective of the systemic threats to blockchain applications,chapter 12 in “Innovations in Social Finance: Transitioning Beyond Economic Value”, eds. T. Walker, J. McGaughey, S. Goubran, and N. Wagdy, Springer. Spring 2021. Pages 347-372. ISBN 978-3-030-72535-8.https://www.amazon.com/Innovations-Social-Finance-Transitioning-Economic/dp/3030725375
The New Warriors on the Currency Battlefield: CBDCs, International Banker, Autumn 2021, pages 58-63. https://internationalbanker.com/banking/the-new-warriors-on-the-currency-battlefield-cbdcs/
Cybercrime, Technological Disruption and Financial Markets Stability: A Novel Regulatory Approach to Cybersecurity Risk Prevention. Chapter in Ecological, Societal, and Technological Risks and the Financial Sector, eds. T. Walker, D. Gramlich, M. Bitar, and P. Fardnia, Palgrave Macmillan, 2020. https://www.amazon.com/Ecological-Technological-Financial-Sustainable-Association/dp/3030388603
Recalling the Celtic Tiger, 13 encyclopedic chapters on Irish Financial Crisis, 1990-2018, focusing on the causes and the aftermath of the Financial Crisis, 2008 and the Great Recession. Eds Lucey, B., Maher, E. and O’Brien, E., Reimagining Ireland, Volume 93, ISBN 978-1-78997-286-3. 2019.https://www.peterlang.com/document/1113632.
Books:
Lessons from the Great Recession: At the Crossroads of Sustainability and Recovery. Book, co-edited with Leonard, L, and Gonzalez-Perez, M.A. Emerald Publishers, United Kingdom. 2016. vol 18; ISBN: 978-1-78560-743-1.
What if Ireland Defaults, eds B. Lucey, C. Gurdgiev, and C. Larkin, Blackwell Publishers, April 2012.
Perspectives on International Debt, eds C. Gurdgiev, C. Kearney and S. Jackson, all Institute for International Integration Studies, Trinity College Dublin, 2008. Liffey Press, Dublin, 197 pages, ISBN 978-1-905785-24-7
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