Staff profile

Arzé Karam is Director of Quantitative Research in Financial Economics, and Associate Professor in the Department of Finance at Durham University. She holds a Msc in Finance from University of Toulouse 1, and a PhD in Finance from University of Paris X.Her main research interests are in Market Microstructure and span a wide range of topics including market transparency, high frequency trading, market liquidity and systemic risks. She also conducts research in Asset Pricing, Blockchain-Based Markets, Climate Finance, Machine Learning applied to Finance, and Quantum Finance. 

Mini Biography

Arzé's main research interests are in Market Microstructure, Asset Pricing, FinTech, Data Science, Machine learning applied to Finance, Climate Finance, and Quantum Finance.

• Market Microstructure
• Asset Pricing
• FinTech
• Climate Modelling
• Information and Financial Markets
• Experimental Economics
• Machine Learning

Journal Article

• Bogoev, D., Karam, A., & et al. (2024). Non-standard errors. Journal of Finance, 79(3), 2339-2390. https://doi.org/10.1111/jofi.13337
• Karam, A. (2022). Dealers' incentives to reveal their names. Financial Review, 57(1), 27-44. https://doi.org/10.1111/fire.12229
• Cox, C., Karam, A., & Pelster, M. (2022). Two-period duopolies with forward markets. Review of Industrial Organization, 60(1), 29-62. https://doi.org/10.1007/s11151-021-09839-6
• Karam, A. (2018). The effects of intraday news flow on Dealers' Quotations, Market Liquidity, and Volatility. International Journal of Finance and Economics, 23(4), 492-503. https://doi.org/10.1002/ijfe.1634
• Karam, A. (2017). The effects of intraday news flow on market liquidity, price volatility and trading activity. Economics Bulletin, 37(4), 2354-2363
• Bogoev, D., & Karam, A. (2017). Detection of algorithmic trading. Physica A: Statistical Mechanics and its Applications, 484, 168-181. https://doi.org/10.1016/j.physa.2017.04.157
• Cox, C., Karam, A., & Murphy, R. (2017). Social preferences and cooperation in simple social dilemma games. Journal of Behavioral and Experimental Economics, 69, 1-3. https://doi.org/10.1016/j.socec.2017.05.002

Working Paper

• Woroniuk, D., Karam, A., & Jamasb, T. European Gas Markets, Trading Hubs, and Price Formation: A Network Perspective, Cambridge Working Papers in Economics CWPE 1964 / Electricity Policy Research Group Working Paper EPRG 1922, May, Faculty of Economics, University of Cambridge
• Bogoev, D., & Karam, A. Intraday Momentum Trading and Liquidity Crises