Lucía Morales

Lucía Morales
Technological University Dublin - City Campus | TU Dublin · School of Accounting and Finance

PhD Economics
Technological University Dublin - City Campus

About

107
Publications
17,994
Reads
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496
Citations
Citations since 2016
81 Research Items
393 Citations
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Introduction
I am an Academic and Researcher in the fields of International Economics and Finance, Economic and Financial Crisis, Self-regulated learning, Education, Virtual learning and any related area. Editor in Chief of a New Journal (Critical Letters in Economics and Finance) - CLEF: https://arrow.tudublin.ie/clef/ Please, submit your articles for consideration to this journal that seeks to bring a different approach to research in Economics and Finance. Website: www.luciamorales.eu;

Publications

Publications (107)
Research
Full-text available
Dear all, Please, find attached a call for papers that might be of interest. If you have any questions, please do let me know. All the best, Lucía
Chapter
Environmental issues are becoming an important area of concern to the sustainability of existing economic models and business activities. The scientific evidence has offered significant proof of the negative impact of human activities on the ecosystem and their potential implications for a deteriorating environment and rising temperatures associate...
Chapter
China's ability to secure its energy needs will play a vital role in consolidating its geo-economic and geopolitical rise. In addition, the Asian economy needs to ensure access to other natural resources, ranging from agricultural, metals and minerals, in its quest for "high-quality" growth. Countries that cannot secure their energy supply and ensu...
Book
The main objective of this book is to offer an overview and a critical assessment of current connectivity issues in Asia and Europe, seen from an industrial perspective. Critical insights into the contemporary debate on connectivity during times of crisis, which has led to significant economic and social disruptions, are offered throughout the book...
Research
We present a panel discussion exploring the significance of education to address the main challenges associated with the UN Sustainable Development Goals and the need for a new approach to our educational models and systems. The presentation is available in this link: https://vimeo.com/762694024
Research
Full-text available
Higher education institutions seem to be engaged in a reactive process when thinking about education for sustainable development, instead of being proactive. A every stage, educational models remain very limited to specific goals and agendas driven by the fad of the moment and without articulating a sustainable educational model that we argue shoul...
Research
Full-text available
Over the last two decades, higher education has been subject to significant scrutiny due to increasing pressures to provide a meaningful and relevant learning experience to the student population, and by their strong connection to the functioning of the economic and political systems. By reflecting on the controversies surrounding pedagogy, this pa...
Article
Full-text available
Global stock markets experienced a dual shock in 2020 due to the impact of the global health crisis, parallel to a simultaneous shock derived from the Saudi Arabia and Russia oil price war. The dual shock fueled oil market volatility with lasting effects as the global economy is immersed in an energy crisis combined with high inflationary pressures...
Experiment Findings
Postgraduate Finance students developed research for the community partner to use in a funding application. A CERL project was introduced to the module. The module assessment was adjusted to recognise the development of soft/professional skills. https://circlet.eu/tud-case-10/
Article
Full-text available
The emergence of the COVID-19 pandemic has caused financial markets to suffer historic losses during the first quarter of 2020, at levels unseen since the crisis of the futures markets in 1987. The pandemic affected global markets parallel to a simultaneous shock from the oil price war between Saudi Arabia and Russia. As the global health crisis wo...
Article
Full-text available
The FinTech industry has exhibited very high growth levels since the Global Economic and Financial Crisis of 2008. The sector growth has been accelerated because of the disruption caused by COVID-19 and that derived in the global health crisis, a crisis with significant implications for global economic stability. To examine the risk profile of FinT...
Article
Afghanistan is on the verge of a humanitarian catastrophe in parallel with the country’s potential economic collapse. The state of affairs is further compounded by worsening environmental conditions derived from the ongoing effects of climate change. The country’s current situation is quite dramatic, aggravated by the international community’s resp...
Chapter
China’s hunger for natural resources is growing as the Chinese authorities try to fuel an economy in need of sustainable economic growth while it adjusts to its “new normal” growth trajectory. There is a need to reactivate an economic model that is not meeting growth level targets and remains heavily reliant on fossil fuels. The country’s energy mo...
Chapter
Vietnam is considered one of the fastest-growing economies in the Southeast Asian region, but the country’s economic development and socio-economic sustainability are marked by significant gender imbalances. As such, this chapter offers a valuable contribution to this field of study, as it engages with a quantitative analysis of microfinance tools...
Chapter
The evolution of the world’s international financial centers is an ongoing process of reallocation with a recent marked shift in economic and financial activity towards Asia. The global financial landscape has always been an integral part of the power distribution system worldwide, as financial centers have helped redefine global economic and polit...
Chapter
With the signature of the Treaty of Nanjing in 1842, China was forced to forfeit many of its territorial and sovereignty rights and to cede a number of territories, in particular the island of Hong Kong, to the British in perpetuity. However, the final treaty, the Convention for the Extension of Hong Kong Territory, led China to lease the New Terri...
Poster
Full-text available
Disrupting Thinking Call for Papers Now Open! https://www.tudublin.ie/research/events/disrupting-thinking-research-event.php
Article
The ambition of the Belt and Road Initiative (BRI) is to revive the silk road of Roman times which was used by merchants to carry trade across Eurasia. China’s proclaimed aspiration is to reconnect to the world through its ancient trade corridors, and to emphasize its role as a world trade power. Should the BRI or “new silk road” be understood as e...
Conference Paper
Full-text available
The FinTech industry has exhibited very high growth levels that have been accelerated because of the disruption caused by COVID-19. To examine the risk profile of FinTech firms, the CRISP-DM methodology was followed to aid in the implementation of clustering and classification algorithms, combined with time series regression models. The main findin...
Thesis
Full-text available
The Irish Higher Education sector has been immersed in a redesign process initiated as a result of the effects of the 2007/08 Global Economic and Financial Crisis in the country. The crisis led to years of economic hardship that materialised in significant restrictions on public expenditure, leading to the need to reduce the number of higher educat...
Article
Fossil fuels were exposed to a significant shock during the Global Economic and Financial Crisis of 2007/08. This paper examines the influence of Brent Crude Oil, Natural Gas and Coal on three major European power markets (APXUK, NordPool, and Phelix) during this period of significant uncertainty. The research study offers historical insights on th...
Research
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Disrupting Thinking Call for papers
Research
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Research Call
Article
The economic and political influence of China in the Asian region is growing amidst global geopolitical challenges. Economic corridors such as the new Silk Road have been identified as enablers of strategic growth and geo-economic power development in a context of significant political instability. Beijing's strategic approach and the importance of...
Article
Full-text available
The relationship between the US presidential election cycle and the S&P500 index is examined in this paper. We focus our attention on President Barack Obama and President Donald Trump presidential election cycles, as there is a research gap examining these two presidency periods. A comparative study is limited as Obama served two terms in office wh...
Article
Full-text available
Ten years on, and we find ourselves thinking about the Arab Spring Revolution and trying to assess and understand what it meant for the Arab world and, in particular, for women. Overall, it seems that not much has been achieved regarding women's rights in the MENA region. While poverty and economic inequality levels in the Middle East and North Afr...
Article
The American dream is being challenged by significant shifts experienced by the United States of America regarding migration policies and its impact on the country's educational system and its prospects for sustainable economic development. American values have been subject to a significant shock, and its historical roots to migratory trends have b...
Poster
Full-text available
Fossil fuels dominate power generation and it has been the major source for economic development. Climate change is putting pressure on the need to transition to renewable energies and this is a matter at global scale with major implications for less developed economies.
Poster
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Oil prices dynamics in the GCC region during the health Pandemic
Poster
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Oil prices fluctuations during the global health crisis and implications for the Kuwaiti Stock Market
Poster
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Glad to have presented this paper today at the 1st Disrupting Thinking Research Conference at TU Dublin
Research
Full-text available
The relationship between the US Presidential Election Cycle and the S&P500 index is examined during the two administrations of the US President covering Obama two terms in office was subject to cointegration, causality and volatility testing to identify market dynamics between the S&P500 and the EPU index. The chosen econometric models are well-kno...
Research Proposal
Full-text available
Fossil fuels were exposed to a major shock during the Global Financial Crisis of 2007/08. This paper examines the influence of Brent Crude Oil, Natural Gas and Coal on three major European power markets (APXUK, NordPool and Phelix) during this period of uncertainty. Both univariate and bivariate frameworks are employed to evaluate, short run, long...
Research
Full-text available
Socially responsible mutual funds (SRMF) and the "antisocially conscious" or Barrier Fund (formerly known as the Vice Fund, the term used in this paper) returns, volatility patterns and causal effects are examined in the context of the Global Financial Crisis (GFC). Identified volatility patterns on daily stock prices returns suggest some level of...
Research
Full-text available
International Financial Centres (IFCs) are identified as key game changers in city dynamics, acting as magnets in the concentration of economic activity and contributing to increasing economic inequality. Brexit is challenging the role of London as a major player in the financial markets. London's future position as a global international financial...
Research
Full-text available
Fossil fuels were exposed to a major shock during the Global Financial Crisis of 2007/08. This paper examines the influence of Brent Crude Oil, Natural Gas and Coal on three major European power markets (APXUK, NordPool and Phelix) during this period of uncertainty. Both univariate and bivariate frameworks are employed to evaluate, short run, long...
Research
Full-text available
Fossil fuels were exposed to a major shock during the Global Financial Crisis of 2007/08. This paper examines the influence of Brent Crude Oil, Natural Gas and Coal on three major European power markets (APXUK, NordPool and Phelix) during this period of uncertainty. Both univariate and bivariate frameworks are employed to evaluate, short run, long...
Article
Full-text available
The UK decision to leave the EU has larger implications for Ireland due to its historical connections and significant exposure to the UK's economy. As such, uncertainty derived from Brexit negotiations and the variety of scenarios raise significant concerns regarding the impact, the magnitude, and the lasting effects of the shock to the Irish econo...
Poster
Full-text available
Disrupting Thinking research event aims to distinguish from "traditional conferences" format. We seek to develop and nurture a network of researchers that think out of the box. The economic and financial field is in much need of disruptive critical thinking and we endeavour to offer a forum that enables and encourages innovative and disruptive stud...
Article
Full-text available
Global financial markets have entered a state of collective hysteria triggered by the Coronavirus (Covid-19) detected in Wuhan, China in December 2019 suggesting that Covid-19 is a financial market "black swan" event. The impact of Covid-19 on the world's leading stock markets is examined with the help of spectral causality and the well-known Grang...
Chapter
This chapter discusses a study that analyzes the impact of microfinance (MF) on women empowerment in the context of Vietnam. The analysis is based on the examination of primary data obtained from the MF organizations and women's unions (WUs) in the Tra Vinh (TV) province in Vietnam. Most of the feminist organizations focus on underdeveloped and dev...
Article
The relationship between oil spot and futures prices has long been a focus of attention, but there is a lack of understanding about how these prices interact in times of crisis. Using cointegration and causality analysis, Brent crude spot and futures prices are examined before, during and after two different types of crises: (1) a supply-led event...
Conference Paper
In June 2016, the British voted by 52 per cent to leave the EU, a club the UK joined in 1973. This paper examines Twitter public and political party discourse surrounding the BREXIT withdrawal agreement. In particular, we focus on tweets from four different BREXIT exit strategies known as “Norway”, “Article 50”, the “Backstop” and “No Deal” and the...
Conference Paper
Full-text available
International Financial Centres (IFCs) are identified as key game changers in city dynamics, acting as magnets in the concentration of economic activity and contributing to increasing economic inequality. Brexit is challenging the role of London as a major player in the financial markets. London's future position as a global international financial...
Conference Paper
Full-text available
The UK decision to leave the EU has larger implications for Ireland due to its significant exposure to the UK economy. As such a no-deal Brexit scenario raises significant concerns regarding the impact, the magnitude and the lasting effects of the shock to the Irish economy. Leading up to the final weeks before the UK leaves the EU, this study expl...
Article
Full-text available
In this paper we analyse a set of socially responsible investment (SRI) indices against their conventional counterparts in the US context. Using a data set that spans the Obama and Trump administrations, we aim to identify whether performance and volatility patterns differ when markets are exposed to political uncertainty and the Global Financial C...
Article
The study of financial market efficiency has important implications in terms of global macroeconomic stability. The case of six selected East Asian stock markets (China, Japan, Hong Kong, Malaysia, Singapore and South Korea) during the Asian Financial Crisis (AFC) and Global Financial Crisis (GFC) is analysed here using a battery of well-known econ...
Article
Full-text available
Crude oil is the dominant energy resource worldwide. The focus of this paper is on its historical behaviour and subsequent implications for the global economy with an emphasis on the lead–lag relationship between spot and future prices. The paper examines the behaviour of oil spot and future prices and their determinants during periods of market un...
Article
With the September 2014 ‘Umbrella Revolution’ in Hong Kong, China faced one of the biggest political challenges since the Tiananmen Square events. Beijing’s proposed electoral reform was perceived as a direct attack to democracy, and the ensuing protest triggered concerns amid local and international investors; the financial sector took the hardest...
Conference Paper
Over the last two decades, the microfinance sector has expanded significantly in many developing countries, as governments have realised that microfinance can bring opportunities for the underprivileged people to access financial services. Deprived social classes have been able to obtain financial resources to develop businesses, to grow crops, and...
Article
The analysis of the intertwined reactions of Hong Kong and Mainland China to the 2008 Global Financial Crisis is considered in this study through the lenses of their stock markets. The GARCH-based analysis of stock market performance over the period December 2011–December 2014 shows that trade and equity sectors were the sectors most affected by th...
Article
Full-text available
An examination of Brexit and its initial impact on the main stock markets in the Greater China Region (GCR) was conducted using augmented market models that integrate Economic Policy Uncertainty (EPU) and implied volatility (VIX). The results do not seem to align with research in the field that has suggested that the EPU index helps to identify if...
Article
The liberalization process of European electricity markets has been a work in progress since early reforms beginning in the 1990's. A key goal of these reforms was to enable increased integration and attendant efficiency within these markets. In this paper, we analyse three major European electricity markets - (APXUK, NordPool and Phelix) – before...
Article
Full-text available
This research study presents a brief literature review on the conditions of microfinance in Vietnam over the period 2005 to 2015. The main research findings show how Vietnam has benefited from learning experiences on the use of simple microfinance models around the world. The leading areas of interest relate to the role of microfinance on poverty r...
Article
This paper estimates and applies a risk management strategy for electricity spot exposures using futures hedging. We apply our approach to 3 of the most actively traded European electricity markets, Nordpool, APXUK, and Phelix. We compare both optimal hedging strategies and the hedging effectiveness of these markets for 2 hedging horizons, weekly a...
Chapter
The new economic policies initiated by the 45th US president Donald Trump, and their impact on the economies of the “the Greater China Region” (Hong Kong, Taiwan and Mainland China) are examined in this chapter. The impact is assessed at both the stock exchange and other non-financial markets levels. For the stock markets, the chosen research perio...
Chapter
Over the last decades, microfinance (MF) in Vietnam has grown significantly contributing to government goals in terms of poverty reduction. As per 2013 records for Vietnam, there were 10.09 million MF clients, and over 130 Microfinance Institutions (MFIs) with 5800 branches at the commune-level (ADB in Sector assessment: MF development program in V...
Conference Paper
Full-text available
This research study presents a brief literature review on the conditions of microfinance in Vietnam over the period 2005 to 2015. The main research findings show how Vietnam has benefited from learning experiences on the use of simple microfinance models around the world. The leading areas of interest relate to the role of microfinance on poverty r...
Conference Paper
YOUNG BUSINESS EXPLORERS: DEVELOPING THE ENTREPRENEURIAL SPIRIT THROUGH INDUSTRY-ACADEMIA COOPERATION A. Soler-Dominguez ¹, J. Ramos-Mezquita ¹, V. Tarkovska ², L. Morales ² 1Universitat Jaume I (SPAIN) 2Dublin Institute of Technology (IRELAND) Management education is undergoing continuous and dramatic evolution with the implementation of active...
Poster
Full-text available
Oil prices volatility
Poster
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Oil Futures Prices
Article
Full-text available
This article aims to look at the value that ePortfolios can add to business studies, specifically in the financial field. In order to answer the question, Do ePortfolios contribute to the development and enhancement of responsible feedback in the classroom?, the study analyzed the work done by postgraduate students pursuing a Master’s degree in fin...
Article
Students’ work in ePortfolios was assessed through a case study supported by observation techniques and eQuestionnaires to gather data from a sample of eighty students over a period of 4 years (20 students per academic year). The main purpose of the study was to explore whether ePortfolios can be used efficiently to support the learning process of...
Article
This paper estimates and applies a risk management strategy for electricity spot exposures using futures hedging. We apply our approach to three of the most actively traded European electricity markets, Nordpool, APXUK and Phelix. We compare both optimal hedging strategies and the hedging effectiveness of these markets for two hedging horizons, wee...
Chapter
Since the 1990s the Chinese financial market has experienced dramatic changes by virtue of the aim to consolidate the country's transition from a central planned economy towards a market-oriented one. China was able to create a respectable stock market from scratch in the early 1990s, and its performance has been characterised by better behaviour,...
Article
In the last two decades, the world economy has been challenged by different economic and financial crisis. These events have captured researchers’ attention, and in particular the analysis of contagion effects derived from stock market shocks have been a focal point of interesting discussions. However, there is little consensus on how contagion sho...