VERSTEEG, Roald

Visiting Fellow, 2009-2010

Email Roald.Versteeg@eui.eu  
 

 

 

 

 

 

 

 

 

Roald Versteeg will receive his Ph.D. in international finance from Maastricht University in 2009. He holds a Master degree in international business studies from the same university. Parts of his studies have been completed at the economics department of University of California, Berkeley.

His dissertation concerns the links between financial liberalization and economic development. The thesis finds that the presence of capital controls has a destabilizing effect on the exchange rate of the host country and increases the downward exchange rate risk.

Nevertheless, the empirical evidence supports the use of prudential capital controls. A cross-sectional study on economic growth reveals that inflow controls have a positive effect on the potential growth of low income countries.

Moreover, the thesis investigates types of capital that are effective in the underdeveloped financial markets of these low income countries. Project finance is proposed as a type of finance which is particularly suitable to countries with low levels of financial development.

The current research areas of Roald Versteeg concern financial liberalization and exchange rate dynamics. Next to his ongoing research on the effects of financial liberalization on exchange rate risk he is currently investigating the heterogeneity and time-variation present in survey exchange rate expectations. 

Full CV and Publications