Theologos H. Bonitsis
|Title:||Associate Professor of Finance|
|Hours:||Friday 8:00 a.m.-1:00 p.m. and other days by appointment as well as daily on each course's virtual interface. Changes to scheduled office hours are posted on each course's home page.|
Theologos Homer Bonitsis research focuses on the empirical testing of hypothesized theoretical international financial and economic relationships; time series modeling of financial economic variables, international competitiveness, exchange rate determination, monetary and traditional approaches to external balance, and euro zone issues. He has numerous journal articles, proceedings publications, and research volumes. His research, for example, has been published in the Eastern Economic Journal, The Journal of Applied Business Research, Journal of International Economic Studies, and The International Journal of Finance. Dr. Bonitsis is the co-editor of Balance of Payments Adjustment: Macro Facets of International Finance Revisited and Quantity and Quality in Economic Research: Studies in Applied Business Research, Volume IV.
Dr. Bonitsis has an extensive teaching portfolio which covers the spectrum of courses in economics and finance to undergraduate students as well as graduate students in the MS, MBA, and EMBA programs at NJIT. He has taught corporate finance at NJIT’s overseas MSEM program at Beijing University of Technology. Dr. Bonitsis has been a visiting scholar at Columbia University.
Dr. Bonitsis has served as a reviewer to numerous academic journals as well as session chair and discussant at many national and international conferences. He has served on the Advisory Board of the Financial Services Institute at The Tobin College of Business, St. John’s University. Dr. Bonitsis now serves on the Board of Directors of the Northeast Business & Economics Association and is executive editor of The Journal of Business and Economic Studies. He has been qualified as an expert witness at securities arbitration hearings and has done forensic financial analysis. Prior to his academic career Dr. Bonitsis worked on Wall Street in the commodities area.
Dr. Bonitsis has appeared on TheStreet where he was interviewed by Jill Malandrino on his research findings—that contrary to commonplace reporting by the financial media—there is no short-term effect from Forex activity in the U.S. dollar to changes in the spot price of oil; there is, however, a long-term effect.
- M. Phil., Ph.D. in Economics, The Graduate School of the City University of New York
- M.A. in Economics, Hunter College
- B.A. in Economics, Bernard M. Baruch College
- A.A. in Liberal Arts, New York City Community College
- Principles of Finance
- Corporate Finance
- Working Capital Management
- Investment Theory
- International Finance
- The Financial System
- Public Finance
- Financial Simulation Seminar
- Money & Banking
- Commercial Banking
- Monetary Economics
- International Economics
- Mathematical Economics
- Honors Economics
- Macroeconomic Theory
- Managerial Economics
Research interests focus on the empirical testing of hypothesized theoretical international financial and economic relationships; time series modeling of financial and economic variables; international competitiveness of the U.S. economy; explaining the U.S. trade deficit; and monetary and traditional approaches to international competitiveness.
Balance of Payments Adjustment, Marco Facets of International Finance Revisited, co-editors John Malindretos et al., Contributions in Economics and Economic History Series, Greenwood Press, 2000; second printing 2001.
Quantity and Quality in Economic Research: Studies in Applied Business Research, Volume IV, Roy Chamberlain Brown, co-editor, Ashgate Publishing Limited, 1997.
Chapters in Research Volumes
A Critique of the Traditional Approach to International Finance, co-authored with John Malindretos, in Balance of Payments Adjustment: Macro Facets of International Finance Revisited, Contributions in Economics and Economic History Series, Greenwood Press, Inc., 2000, chapter 6, pp. 83-97.
The Keynesian and Monetary Approaches to International Accounts Adjustment: Some Heuristics for West Germany, co-authored with John Malindretos, in Balance of Payments Adjustment: Macro Facets of International Finance Revisited, Contributions in Economics and Economic History Series, Greenwood Press, Inc., 2000, chapter 11, pp. 140-152.
R&D Expenditures, Export Performance and United States´ International Competitiveness, International Finance in the New World Order, H. Peter Gray and Sandra C. Richard, editors, Elsevier Science, Ltd., Oxford, England, 1995, chapter eight, pp. 103-117.
An Empirical Test of the Aid-cum-Development Hypothesis: Some Evidence from South America, International Trade and Finance: A North American Perspective, Khosrow Fatemi, editor, Praeger Publishing, New York, New York, 1988, chapter fifteen, pp. 198-210.
Deciphering the U.S. Trade Deficit: A Two-Country Model Approach, co-authored with Ioannis N. Kallianiotis, Quantity and Quality in Economic Research: Studies in Applied Business Research, Volume IV, Ashgate Publishing Limited, 1997, chapter 1, pp. 7-24.
Economic Determinants of Juvenile Crime: Some Findings for New York City, co-authored with Farahmand Rezvani and David T. Geithman, Quantity and Quality in Economic Research: Studies in Applied Business Research, Volume IV, Ashgate Publishing Limited, 1997, chapter 15, pp. 235-253.
External Liberalization of Banking and Industrial Concentration: The Evidence from Spain, co-authored with Luis E. Rivera-Solis, The Journal of Applied Business Research, 1995, Vol. 11, No. 2, pp. 7-15.
A Comparison of the Monetary and Traditional Approaches to International Competitive Adjustment: The Case of South Korea, co-authored with John Malindretos and Krishna M. Kasibhatla, Journal of International Economic Studies, 1995, No. 9, pp. 35-49.
Has Japanese Direct Investment Stimulated R&D and Investment in U.S. Industries?, co-authored with Adora de los Santos, Economic Integration and Financial Markets in Asia, Thomas Chen, Young Back Choi and Thomas Liaw, editors, St. John´s University Press, New York, NY, 1993, chapter five, chapter 5, pp. 101-114.
Dollar Exchange Rate Indices and U.S. Exports: Is there an Intertemporal Linkage?, The Journal of Business and Economic Studies, Fall/Winter 1991, Vol. 1, No. 2, pp. 1-10.
Yen Appreciation, Hysteretic Effects, and Japanese Micro-Adjustments, co-authored with Demetri Tsanacas, Detroit Business Journal, Spring 1990, Vol. 3, no. 1, pp. 1-10.
U.S. Direct Foreign Investment in Brazil: A Time Series Analysis, co-authored with Raj Aggarwal, The International Journal of Finance, Spring 1990, Vol.2, No.2, pp. 12-19.
Does Income Affect Fertility or Does Fertility Affect Income?, co-authored with David T. Geithman, Eastern Economic Journal, October-December 1987, Vol. XIII, No.4, pp. 447-451.