Thursday 27 August 2015

MY UNCLE (PAK UTEH) CUM MY MENTOR CUM MY IDOL - PROFESSOR DR AZALI MOHAMED

                                                     
PROFESSOR DR AZALI MOHAMED

Prof. Dr. Azali is a well trained Cardiff Business School graduate with vast experience and excellence in many areas of applied macroeconomics. He was appointed as a tutor at the Faculty of Economics and Management UPM in 1994 before being awarded a UPM Scholarship to pursue his doctorate in Economics at the University of Wales Cardiff, UK in 1995. His Ph.D. thesis was on “Monetary Policy Transmission Mechanism: The Malaysian Experience During the Pre- and Post -liberalization Periods”. He completed his thesis in July 1998 and returned to UPM to become a lecturer.

Courses that he has taught include Money and Banking, Principles of Macroeconomics, Principles of Microeconomics, and Applied Time Series at undergraduate level; Financial Economics and Current Issues in Financial Economics at undergraduate and graduate levels; and Advanced Macroeconomic Theory at graduate level. He is actively involves in research covering the areas of applied macroeconomics, monetary and financial economics. Since receiving his Ph.D. in 1998, he was awarded 4 short-term grants, 2 Intensification of Research in Priority Areas (IRPA) grants, one eScience Fund and two Research University Grant Schemes. Within thirteen years of service in UPM, he has published more than one hundred publications. He has also written about 71 seminar or conference papers. His article published in Japan and the World Economy has been cited as a Top 10 Requested Papers in the year 2001.

His articles were published in many journals, internationally and locally such as journal of International Business and Economics, Japan and the World Economy, International Journal of Business Research, Applied Economics, Applied Economics Letters, Applied Financial Economics Letters, International Journal of Social Economics, Journal of Business Research, Economic Bulletin, Savings and Development, The Singapore Economic Revies, The Asian Economic Review, Economic and Finance Indonesia, The ICFAI Journal of Industrial Economics, The ICFAI Journal of Public Finance, Journal of International Economic Review, Jurnal Analisis, Pertanika Journal of Social Science and Humanities, Bankers Journal Malaysia, Jurnal Ekonomi Malaysia, The Chartered Secretary Malaysia, Borneo Review, Malaysian Journal of Agricultural Economics, Labual Bulletin of International Business and Finance and Capital Market Review.

He has successfully supervised 40 post-graduates, which include 10 Ph.D. students, 13 M.Sc. students and 17 M.Econs students. Currently he is supervising 7 Ph.D. and 2 M.Sc. candidates.
He has served on several committees at university and national levels. He was the Honorary Treasurer of the Malaysian Association of Agricultural Economics (2000/2002), has been a consultant to the Ministry of Domestic Trade and Consumer Affairs to work on price stabilization model and consultant to the Ministry of Agriculture and Agro-based Industry to work on balance of trade in agriculture sector in Malaysia.
He is currently an associate editor (member of the editorial board) for four academic journals, including the Malaysian Journal of Agricultural Economics; International Journal of Business and Society; Labuan Bulletin of International Business and Finance; an ordinary member of the American Economic Association, International Management Development Association (IMDA), Royal Economic Society, UK and life member of Malaysian Association of Agricultural Economics. He has been appointed as a referee for 13 different journals.

With all his contributions to the university, he was awarded the Excellent Service Award of Universiti Putra Malaysia in 1999, 2001, 2002, 2003, 2004, 2005 and 2006. On 1st of July 2002 he was promoted to Associate Professor. And on 1st of March 2007 he was promoted to Professor. He was the Deputy Vice-Chancellor of Student Affairs & Alumni, UPM in which he was appointed on the 16th May 2004 latter seconded to Kementerian Pengajian Tinggi, as a Head of Students Affairs and currently on secondment to KPTM, MARA (KOLEJ POLY-TECH, MARA) as a CEO/VC. 

Publications: 1. Azali, M. and K.G.P. Matthews (1999). Money-Income and Credit-Income Relationships During the Pre- and the Post-Liberalisation Periods: Evidence from Malaysia, Applied Economics, Vol. 31(10): 1161-1170.

2. Azali, M., A.Z. Baharumshah and M.S. Habibullah (2000). Exchange Rate and the Demand for Money in Malaysia. Pertanika Journal of Social Science and Humanities, Vol. 8 (2): 71-76.

3. Azali, M., M.S. Habibullah and A.Z. Baharumshah (2001). Does PPP Hold Between Asian and Japanese Economies?: Evidence Using Panel Unit Root and Panel Cointegration, Japan and the World Economy: International Journal of Theory and Policy, Vol. 13(1):35-50.

4. Azali, M., and K.G.P. Matthews (2001). Broad Money Demand and Financial Liberalisation in Malaysia: An Application of the Nonlinear Learning Function and the Error-Correction Model, Pertanika Journal of Social Science and Humanities, Vol. 9(2). 131-141.


5. Azali, M., D. Kaliapan and Z. Yusop (2002). AFTA: Its Impact on the Financial Sector, The Chartered Secretary Malaysia: The Journal of the Malaysian Association of the Institute of Chartered Secretaries and Administrators, March: 16-22.

6. Azali, M. and Shivee Ranjanee (2002). Fixed Versus Flexible Exchange Rate Arrangements: The Role of Currency Boards, The Chartered Secretary Malaysia: The Journal of the Malaysian Association of the Institute of Chartered Secretaries and Administrators, May: 20-28.

7. Habibullah, M.S., M. Azali, C.H. Puah and A.Z. Baharumshah (2002). The Relevance of Monetary Aggregates for Monetary Policy Purposes in Malaysia, Borneo Review, Vol. 13 (1): 1-12.

8. Azman-Saini, W.N.W., M. Azali, M.S. Habibullah and K.G. Matthews (2002). Financial Integration and the ASEAN-5 Equity Markets, Applied Economics, Vol. 34 (18): 2283-2288.

9. Eng, Y.K., M.S. Habibullah, M. Azali and M.B. Yusoff (2002). Are Entrepreneurs’ Forecasts Unbiased? The Case for Primary Sectors in Malaysia, The Malaysian Journal of Agricultural Economics, Vol. 15 (Dec): 42-61.

10. Azman-Saini, W.N.W., M.S. Habibullah and M. Azali (2003). Stock Prices and Exchange Rate Interactions in an Emerging Market, RISEC: International Review of Economics and Business, Vol. 50 (4): 503-519.

11. Hway-Boon, O., M.S. Habibullah, A. Radam and M. Azali (2003). Evaluating a Credit Guarantee Agency In a Developing Economy: A Non-Parametric Approach, International Journal of Social Economics, Vol. 30(1/2): 143-152.

12. Azman-Saini, W.N.W., M.S. Habibullah and M. Azali (2003). Stock Price and Exchange Rate Dynamics: Evidence from Thailand, Savings and Development, Vol. 27(3): 245-258.

13. Hock-Ann Lee, Kian-Ping Lim and M. Azali (2003). Testing PPP Hypothesis in Major ASEAN Economies: Does Data Generating Process Matter? Capital Markets Review, 11(1 & 2): 65-80.

14. Lee Chin and M. Azali (2005). Exchange Rate Misalignments in ASEAN-5 Countries, Labuan Bulletin of International Business & Finance, 3(1): 11-31.

15. Lee, H.A., K.P. Lim and M. Azali (2005). A Non-Parametric Cointegration Test of Purchasing Power Parity: The Case of Malaysia. Borneo Review, 14(1): 51-63.

16. Hazlina A. Kadir, M.S. Habibullah, A. Radam and M. Azali (2005). An Analysis of Technical Progress and Efficiency in Malaysia Finance Companies. The ICFAI Journal of Industrial Economics, 2(4), 6-19.

17. Judhiana Abd Ghani, Muzafar Shah Habibullah, M Azali and W. N. W. Azaman-Saini (2005). Is Wagner or Keynes Right? Testing the Government Expenditure and Economic Growth Nexus in Malaysia. Journal of Public Finance, 3(4), 35-42.

18. Lee Chin, M. Azali and K. G. Matthews (2007). The Monetary Approach to Exchange Rate Determination for Malaysia, Applied Financial Economics Letters, 3 (2), 91-94.

19. Lee Chin, M. Azali, Z. Yusop and M.B. Yusoff (2007). The Monetary Model of Exchange Rate: Evidence from The Philippines, Applied Economics Letters, 14 (13), 993-997.

20. Kian-Ping Lim and M.Azali (2007). Episodic Non-Linear Behaviour Bilateral Malaysian Ringgit-U.S. Dollar Spot Rate. Journal of International Economic Review, 1(1), 25-48.

Articles :-

Reza Moosavi Mohseni & M. Azali, 2014. "Monetary Integration and Optimum Currency Area in ASEAN+3: What We Need for a New Framework?," International Journal of Economics and Financial Issues, Econjournals, vol. 4(2), pages 277-285.

Roohollah Zare & M. Azali & M. S. Habibullah & W. N. W. Azman-Saini, 2014. "Monetary policy effectiveness and stock market cycles in ASEAN-5," Applied Economics, Taylor & Francis Journals, vol. 46(20), pages 2362-2374, July.

Hatra Voghouei & M. Azail & Siong Law, 2013. "The effect of dynamic legal tradition on financial development: panel data evidence," European Journal of Law and Economics, Springer, vol. 35(1), pages 109-136, February.
Lee, Grace H.Y. & Azali, M., 2012. "Is East Asia an optimum currency area?," Economic Modelling, Elsevier, vol. 29(2), pages 87-95.

Lee, Grace HY & M, Azali, 2010. "Is East Asia an optimum currency area?," MPRA Paper 52556, University Library of Munich, Germany.

Lee Chin & M. Azali, 2012. "Testing the validity of the monetary model for ASEAN with structural break," Applied Economics, Taylor & Francis Journals, vol. 44(25), pages 3229-3236, September.

Hatra Voghouei & M. Azali & Mohammad Ali Jamali, 2011. "A survey of the determinants of financial development," Asian-Pacific Economic Literature, Asia Pacific School of Economics and Government, The Australian National University, vol. 25(2), pages 1-20, November.

Hatra Voghouei & M. Azali & Siong Hook Law, 2011. "Does the Political Institution Matter for Financial Development?," Economic Papers, The Economic Society of Australia, vol. 30(1), pages 77-98, 03.

Lee, Grace H.Y. & Azali, M., 2010. "The endogeneity of the Optimum Currency Area criteria in East Asia," Economic Modelling, Elsevier, vol. 27(1), pages 165-170, January.

Grace H.Y. Lee & M. Azali, 2009. "THE ENDOGENEITY OF THE OPTIMUM CURRENCY AREA CRITERIA IN EAST ASIa," Monash Economics Working Papers 15-09, Monash University, Department of Economics.

Chin Lee & M. Azali, 2010. "Currency Linkages Among Asean," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 55(03), pages 459-470.

Lee Chin & Muzafar Shah Habibullah & M. Azali, 2009. "Tests of different monetary aggregates for the monetary models of the exchange rate in five ASEAN countries," Applied Economics, Taylor & Francis Journals, vol. 41(14), pages 1771-1783.

Lee Chin & M. Azali & A. Mansur M. Masih, 2009. "Tests of the different variants of the monetary model in a developing economy: Malaysian experience in the pre- and post-crisis periods," Applied Economics, Taylor & Francis Journals, vol. 41(15), pages 1893-1902.

R C Royfaizal & C Lee & M Azali, 2009. "The Linkages of Asian and the US Stock Markets," The IUP Journal of Financial Economics, IUP Publications, vol. 0(2), pages 74-90, June.

M Azali & R C Royfaizal & C Lee, 2009. "Japanese Yen as an Alternative Vehicle Currency in Asian Countries," The IUP Journal of Monetary Economics, IUP Publications, vol. 0(2), pages 6-16, May.

Eliza Nor & M. Azali & Siong Hook Law, 2009. "Demand for international reserves: evidence from East Asia," American Journal of Finance and Accounting, Inderscience Enterprises Ltd, vol. 1(3), pages 297-311.

Eliza Nor & M. Azali & Siong-Hook Law, 2008. "International Reserves, Current Account Imbalance And External Debt: Evidence From Malaysia," IIUM Journal of Economics and Management, IIUM Journal of Economis and Management, vol. 16(1), pages 47-76, December.

Wai-Ching Poon & Muzafar Shah Habibullah & Ahmad Zubaidi Baharumshah & Azali Mohamed, 2008. "Monetary Conditions Index in Singapore," The IUP Journal of Applied Economics, IUP Publications, vol. 0(4), pages 6-22, July.

Lee Chin & M. Azali & Zulkornain Yusop & Mohammed Yusoff, 2007. "The monetary model of exchange rate: evidence from The Philippines," Applied Economics Letters, Taylor & Francis Journals, vol. 14(13), pages 993-997.

Working Papers

Lee, Grace HY & M, Azali, 2010. "Is East Asia an optimum currency area?," MPRA Paper 52556, University Library of Munich, Germany. Lee, Grace H.Y. & Azali, M., 2012. "Is East Asia an optimum currency area?," Economic Modelling, Elsevier, vol. 29(2), pages 87-95.
  1. Grace H.Y. Lee & M. Azali, 2009. "A Bayesian Approach to Optimum Currency Areas in East Asia," Monash Economics Working Papers 18-09, Monash University, Department of Economics.
    Grace H.Y. Lee & M. Azali, 2009. "Optimum Currency Areas in East Asia: A Structural VAR Approach," Monash Economics Working Papers 19-09, Monash University, Department of Economics. 

  2. M., Azali & Lee, Chin, 2009. "Asian Financial Integration during the Pre- and Post-crisis Periods," MPRA Paper 40656, University Library of Munich, Germany, revised 2009. 

  3. Grace H.Y. Lee & M. Azali, 2009. "THE ENDOGENEITY OF THE OPTIMUM CURRENCY AREA CRITERIA IN EAST ASIa," Monash Economics Working Papers 15-09, Monash University, Department of Economics.

    Lee, Grace H.Y. & Azali, M., 2010. "The endogeneity of the Optimum Currency Area criteria in East Asia," Economic Modelling, Elsevier, vol. 27(1), pages 165-170, January.
    Wong, Kai Seng Kelly & M., Azali & Lee, Chin, 2009. "Financial Social Accounting Matrix: Concepts, Constructions and Theoretical Framework," MPRA Paper 14757, University Library of Munich, Germany.

    Wong, Kai Seng Kelly & M., Azali & Lee, Chin, 2009. "Financial social accounting matrix: concepts, constructions and theoretical framework," MPRA Paper 14641, University Library of Munich, Germany. 

  4. Azali, M. & Royfaizal, R.C. & Lee, C., 2008. "Japanese Yen as an alternative vehicle currency in Asian," MPRA Paper 11891, University Library of Munich, Germany, revised 2008. 

  5. Eliza, Nor & M., Azali & Law, Siong-Hook & Lee, Chin, 2008. "Demand For International Reserves in ASEAN-5 Economies," MPRA Paper 11735, University Library of Munich, Germany. 

  6. Lee, Chin & M., Azali & Yusop, Zulkornain & Yusoff, Mohammed, 2008. "Is Malaysia exchange rate misalignment before the 1997 crisis?," MPRA Paper 40430, University Library of Munich, Germany.

  7. Royfaizal, R. C & Lee, C & Mohamed, Azali, 2007. "Asean-5+3 And Us Stock Markets Interdependence Before, During And After Asian Financial Crisis," MPRA Paper 10263, University Library of Munich, Germany. 

  8. M., Azali & Wong, K. S. Kelly & Lee, C. & Shafinaz, Ahmad Nazar, 2007. "The Asean-5 Future Currency: Maastricht Criteria," MPRA Paper 10272, University Library of Munich, Germany. 

  9. Kian-Ping Lim & M. Azali & M.S. Habibullah & Venus Khim-Sen Liew, 2003. "Are Non-Linear Dynamics a Universal Occurrence? Further Evidence From Asian Stock Markets," Finance 0308001, EconWPA.

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