Oselux School of Global Economics and Capital ManagementIn Oselux Global Economics and Capital Management, simply referred to as the School of Global Economics, we conduct deep BSc-, MSc- and PhD-level theoretical and applied economics research, to provide the most robust evidence base for effective decision making under conditions of uncertainty and complexity.
The SSMCD remit
This is hinged on broad and deep characterisations of key sectors of an economy to elicit fundamental and contingent predictors of value in the sectors, and for the wider economy.
An example is Systematic Stock Market Characterisation and Development (SSMCD), which links key empirical market features (efficiency, anomalies, bubbles, volatilities, predictability and valuations) to macroeconomic factors like interest rates, inflation, consumption, investments, growth, and unemployment.
Mapping the DNA of overall financial markets and key sectors this way (energy, banking and finance, health, telecommunications, retail, and industrials, for example), combines with related applied statistics, financial mathematics, investing, applied economics, computational modelling, and business analytics knowledge, to produce a multiple-lensed view of economic and investing phenomena.
Key perspectives of work in the School are:
- Innovating leading university curricula in Economics, for instance Nottingham, Oxbridge, Warwick, Harvard, Princeton, MIT, and LSE;
- BSc, MSc and PhD training in Financial Mathematics, including derivatives research, portfolio theory, and investment applications in global financial markets;
- BS, MSc and PhD training in Applied Statistics, Actuarial Science, and Global Economics courses;
- Researching and investing in different asset classes – equities, bonds, currencies, commodities, real estate, and derivatives;
- Implementing paper trading experiments in portfolio construction and management; see Timothy Ferriss (2011)’s The 4-Hour Week, p. 190);
- Special programmes for Cryptocurrencies (Bitcoin and the ilk) investment research, market characterisation, and investing strategies;
- Links with business and finance;
- Advanced time series and econometric analyses;
- Bank financial management (retail banking, investment and wealth management, for example);
- Applied economics, including economics of strategy, financial economics, monetary policy;
- Experimental and behavioural economics linked to the social-psychology of investments;
- International private equity and valuations;
- Entrepreneurial finance;
- Understanding and doing business with global central banking e.g. US Federal Reserve, UK Bank of England, Central Bank of Nigeria;
- Street-Wise Economics: Case Studies built from emerging and typically multidisciplinary hot topics;
- Other emerging perspectives from daily general cultural literacy work in Worldhero 3E, which generate valuable wisdom of the crowds, surveys of experts, and financial journalism;
- Applied Economics Newsletter, practical financial journalism which digests and creatively extends critical reads, blogs and informed conceptual articles from journals and financial broadsheets such as The Times, The Economist, using Worldhero 3E research and businesses as case illustrations;Regular international symposia, schools and workshops in global economics, mathematical and statistical finance, in collaboration with experts from academia, industry and government, linked to national socio-economic development goals and challenges;
- Finance, Economics and Society: Knowledge, People, Methods and Technologies.
Further developments and research directions in financial engineering
cf. Ezepue & Solarin 2012 Metaheuristics of the 2007 global financial crisis: implications for modelling emerging financial markets. Afrihero Research Reports.
We implement the following programme of research in financial engineering, (investments, quantitative finance and financial risk management) within the then Business Intelligence & Quantitative Modelling Research Group, Communications and Computing Research Centre, Sheffield Hallam University, UK, the Financial Mathematics Programme of the National Mathematical Centre, Abuja, Nigeria, and now this School of Global Economics:
1, Integrated Risk Analysis, Business Intelligence and Communication (IRABIC):
2, Stochastic Analysis and Mathematical Finance Theory and Applications (SAMFTA):
3, Stochastic Modelling in FIEBB(STOMFIEBB):
4, Statistical Aspects of Data Mining (STADAM):
5, The Pedagogy of Mathematical Modelling in FIEBB (PEMMAFIEBB):
6, Research directions/workshops in Credit & Interest Rate Analytics:
7, Research directions/workshops in Extreme Value Theory (EVT) and Copula methods in quantitative finance:
These topics are core to most of the research topics explored in this school and are embodied in project proposals that seek funding from all stakeholders, in order to implement the research agenda in Nigeria (for a start) and Sub-Saharan African financial markets (see Project Bank FINE in Part I and Project FINE in Part III of Ezepue & Solarin 2012).
- Oselux Capital: Venture capital, international private equity, and investment management – actively implements the research ideas in the School
- Oselux Global Economics Monitor
- 3E Business Restructuring Group
- SANSED: Society for the Advancement of National Socio-Economic Development, with members trained to peacefully advocate for positive economic change in their countries through
- ESDEMs: Economic and Social Development Movements, for example
- NESDEM: Nigerian Economic and Social Development Movement
Again, work in this school produces outstanding corporate academic PhD theses, MSc dissertations, and advanced project outcomes, which can be spun-off as social enterprises, and for-profit born-global firms that are powered by the Internet.