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Personal profile


Dr Rakesh Bissoondeeal is a Senior Lecturer in Economics within the Department of Economics, Finance and Entrepreneurship at Aston Business School. He joined Aston University in August 2005 after completing his PhD in Financial Economics at Nottingham Trent University. Since joining, he has taught modules in Microeconomics, Macroeconomics and Econometrics at undergraduate and postgraduate levels. He has held a number of administrative roles which include couse directorships at undergraduate and postgraduate levels, Departmental Director of Learning and Teaching and Deputy Head of Department. Most of his publications to date are around using weighted measures of money to improve the stability of money demand functions with a view of extracting reliable information for guiding monetary policy. His recent research interests include studying the links between the housing market, stock market and the macroeconomy.  He has published in a number of journals; these include Journal of International Money and Finance, Journal of Financial Stability and Manchester School.

Research Interests

  • Divisia monetary aggregates and money demand functions.
  • Inflation and exchange rate forecasting.
  • The links between the stock market and other markets such as housing market.
  • FDI and its links to macroeconomic variables.
  • Modelling and forecasting of macroeconomic variables.

Teaching Activity

  • BFM114 Quantitative Methods for Finance
  • BSM947 Macroeconomics


Lecturer, Aston Business School (Aug 2005 - Aug 2013)

Senior Lecturer, Aston Business School (Sep 2013 - present)


PhD, 2005, Nottingham Trent University, UK. Subject: Financial Economics

BSc, 2000, University of Mauritius. Subject: Mathematics

Contact Details

Phone: +44(0)121 204 3128        Email: r.bissoondeeal@aston.ac.uk
Room: SW1011

Fingerprint Dive into the research topics where Rakesh Bissoondeeal is active. These topic labels come from the works of this person. Together they form a unique fingerprint.

  • 2 Similar Profiles
Divisia Business & Economics
Money demand Business & Economics
Monetary aggregates Business & Economics
Neural networks Business & Economics
Exchange rates Business & Economics
Demand function Business & Economics
Exchange rate forecasting Business & Economics
Euro area Business & Economics

Research Output 2004 2019

  • 11 Article
  • 7 Working paper
  • 1 Conference contribution

Structural Changes and the Role of Monetary Aggregates in the UK

Bissoondeeal, R. K., Karoglou, M. & Binner, J. M., 1 Jun 2019, In : Journal of Financial Stability. 42, p. 100-107 8 p.

Research output: Contribution to journalArticle

Structural change
Monetary aggregates
Financial crisis

Breaks in the UK household sector money demand function

Bissoondeeal, R., Karoglou, M. & Mullineux, A., 31 Dec 2014, In : Manchester School. 82, Suppl.S2, p. 47-68 22 p.

Research output: Contribution to journalArticle

Money demand
Demand function
Random walk model

Forecasting the UK/US exchange rate with divisia monetary models and neural networks

Bissoondeeal, R., Karoglou, M. & Gazely, A. M., Feb 2012, In : Scottish Journal of Political Economy. 58, 1, p. 127-152 26 p.

Research output: Contribution to journalArticle

neural network
non-linear model
linear model

Household sector money demand for the UK

Bissoondeeal, R., Jones, B. E., Binner, J. & Mullineux, A. W., Sep 2010, In : Manchester School. 78, s1, p. 90-113 24 p.

Research output: Contribution to journalArticle

Demand for money
Money demand
Opportunity cost

Admissible monetary aggregates for the euro area

Binner, J. M., Bissoondeeal, R., Elger, C. T., Jones, B. E. & Mullineaux, A. W., Feb 2009, In : Journal of International Money and Finance. 28, 1, p. 99-114 16 p.

Research output: Contribution to journalArticle

Monetary aggregates
Euro area
Weak separability


Asymmetric price transmission in EU petroleum markets

Author: Al Sabbagh, O., 19 Oct 2015

Supervisor: Driffield, N. L. (Supervisor), Karoglou, M. (Supervisor) & Bissoondeeal, R. K. (Supervisor)

Student thesis: Doctoral ThesisDoctor of Philosophy


Maverick firms and merger policy

Author: Bromfield, J., 31 Aug 2016

Supervisor: Olczak, M. (Supervisor) & Bissoondeeal, R. K. (Supervisor)

Student thesis: Doctoral ThesisDoctor of Philosophy


Activities 2010 2010

  • 1 Consultancy

KTP Supervisor. Kimal Ltd.

Rakesh Bissoondeeal (Advisor)
Aug 2010Aug 2012

Activity: Consultancy typesConsultancy