Dr Jakhongir (Jak) Kakhkharov

Senior Lecturer
Faculty of Law and Business

Jakhongir (Jak) Kakhkharov

Areas of expertise: remittances; banking; green energy finance; fintech; emerging markets finance; monetary policy

Phone: +61 3 99533998

Email: jak.kakhkharov@acu.edu.au

Location: ACU Melbourne Campus

HDR Supervisor accreditation status: HDR Supervisor (Provisional)

ORCID ID: 0000-0002-4004-3043

ORCID link: https://orcid.org/0000-0002-4004-3043

I am currently a Senior Lecturer in Finance in the Faculty of Law and Business at the Australian Catholic University (ACU). The theme of interdisciplinary academic pursuits is pervasive in my research. My past work experience includes a number of consultancy projects with the World Bank, UNDP, ADB, GIZ, and a staff position with ABN AMRO Bank. My current research interests focus on the impact of remittances on socio-economic phenomena, energy, green transition, investment, financial management, FinTech, banking, corporate governance, the monetary policy response to shocks, and financial sector development in transition economies. I have published my research in a variety of academic journals including The World Economy, International Review of Economics and Finance, Economic Modelling, Pacific Basin Finance Journal, Empirical Economics, Energy and International Migration.

Select publications

Journals

  • Kakhkharov, J., Onur, I., Zhu, R., Yalcin, E. (2024) "Global Evidence on the Russia-Ukraine Conflict and Energy Stock Returns." International Review of Economics and Finance. https://doi.org/10.1016/j.iref.2024.03.063. ABDC rank "A"
  • Kakhkharov, J., Rohde, N. (2023). "Remittance Flows and Informal Economies in Post-Soviet Transition Countries." The World Economy. https://doi.org/10.1111/twec.13375. ABDC rank "A"
  • Kakhkharov, J., Bianchi, RJ. (2022) "Covid-19 & Policy Responses: Early Evidence on Bank & Fintech Stocks." Pacific Basin Finance Journal, 74. https://doi.org/10.1016/j.pacfin.2022.101815. ABDC rank "A"
  • Ahunov, M., Kakhkharov, J., and Mozumder, P. (2022) "Income and Energy Use in Uzbekistan: A Household Level Analysis." Energy, The International Journal. https://doi.org/10.1016/j.energy.2022.12408
  • Kakhkharov, J., Archer, L., Tuisawau, M., Taito, A., Cama, M., and L., Sharma, P. (2022) "Remittances Vis-à-Vis Bank Credit and Investment: Evidence from Fiji." Review of Pacific Basin Financial Markets and Policies, 25(01) https://doi.org/10.1142/S0219091522500035. ABDC rank "B"
  • Kakhkharov J., Ahunov, M. (2021) "Do International Remittances Affect Household Spending Behaviour? Focus on Wedding Ceremony Expenditures." Empirical Economics, 63, 979-1028. https://doi.org/10.1007/s00181-021-02163-8. ABDC rank "A"
  • Kakhkharov, J., Ahunov, M., Parpiev, Z., & Wolfson, I. (2020) "South-South Migration: Remittances of Labour Migrants and Household Expenditures in Uzbekistan." International Migration. 59(5), 38-58. https://doi.org/10.1111/imig.12792. ABDC rank "A"
  • Kakhkharov, J and Rohde, N. (2020) "Remittances and Financial Development in Transition Economies of the Former Communist Bloc." Empirical Economics, 59(2), 731-763. https://doi.org/10.1007/s00181-019-01642-3. ABDC rank "A"
  • Kakhkharov, J. (2019) "Migrant Remittances as a Source of Financing for Entrepreneurship." International Migration, 57 (5), 37-55. https://doi.org/10.1111/imig.12531. ABDC rank "A"
  • Kakhkharov, J., Akimov, A. (2018) "Financial Development in Less Developed Transition Economies." Problems of Economic Transition, 60(7), 483-513. https://doi.org/10.1080/10611991.2018.1551031. ABDC rank "B"
  • Kakhkharov, J., Akimov, A., Rohde, N. (2017) "Transaction Costs and Recorded Remittances in the Post-Soviet Economies: Evidence from a New Dataset on Bilateral Flows." Economic Modelling, (60), 98-107 https://doi.org/10.1016/j.econmod.2016.09.011 ABDC rank "A"

Book Chapters

  • Kakhkharov, J., Yarashov, Sh. (2024) "Banking in Times of Geopolitical Change, Post-Financial Crisis, and Pandemic." In Encyclopedia of Monetary Policy, Financial Markets and Banking, Elsevier, 10.1016/B978-0-44-313776-1.00228-2.
  • Kakhkharov J., Ahunov M. (2020) Squandering Remittances Income in Conspicuous Consumption? In: Akimov A., Kazakevitch G. (Eds) 30 Years since the Fall of the Berlin Wall. Palgrave Studies in Economic History. Palgrave Macmillan, Singapore, pp. 271-288.
  • Kakhkharov, J. (2018) "Remittances as a Source of Finance for Entrepreneurship in Uzbekistan," in M. Laruelle, & C. Schenk (Eds.), Eurasia on the Move. Interdisciplinary Approaches to a Dynamic Migration Region. The George Washington University, Central Asia Program, pp. 150-159.
  • Kakhkharov, J. and Akimov, A. (2015) "Estimating Remittances in the Former Soviet Union: Methodological Complexities and Potential Solutions," in Y. Akbar and R. Jamilov (Eds.) Neo-Transitional Economics (International Financial Review, Volume 16, Emerald Group Publishing, London, pp. 337-362.
  • Kakharov, J. (2006) Section "Economy" in Chapter 'Uzbekistan' in Central Eurasia in the New Geopolitical and Geo-Economic Dimensions in Eldar Ismailov and Murad Esenov (Eds) Central Eurasia 2005, Analytical Annual, pp. 294-300.
  • Kakharov, J (2002) Country chapter "Uzbekistan" in Asian Development Outlook 2002. Published for the Asian Development Bank by the Oxford University Press, Oxford, pp 124-127.

Scholarship of Teaching

  • Kakhkharov J., Yalcin E. (2024) "Teaching Finance: Designing a Learner-Centered Curriculum and Innovative Authentic Assessments." Advances in Financial Education, forthcoming.
  • West T., Malin, M., Kakhkharov, J., Johnson, D., Webb, A., & Wong V. (2022) "Quantifying the Use of Bloomberg in Finance." Journal of Financial Education, Vol. 47, No. 2 (Winter 2021), pp. 35-50.

Selected Conference Presentations

  • Kakhkharov, J., Bianchi, RJ. "Policy Impacts on Bank and FinTech Stocks During the Global Pandemic," Vietnam Symposium in Banking and Finance, Hanoi, 26-28 October 2023.
  • Kakhkharov, J., Ahunov, M., Parpiev, Z., & Wolfson, I. "Remittances and Household Expenditures in Uzbekistan," ASN World Convention, 3-5 May 2018, Columbia University, New York, USA.
  • Kakhkharov, J. "Evolution of the Banking Sector in Transition Economies: Development Trajectories", AACaPS-XIII conference "A Century of Revolutionary Change: 1917-2017," 29-30 June 2017, Australian National University, Canberra, Australia.
  • Kakhkharov, J. "Remittances and Financial Development in Transition Economies of the Former Communist Bloc," IX World Congress of ICCEES, 3-8 August 2015, Chiba, Japan.
  • Kakhkharov, J., Ahunov, M., Parpiev, Z., & Wolfson, I. "Socio-economic Consequences of External Labor Migration and Remittances in Uzbekistan," First Uzbekistan Initiative Workshop, Central Asia Program, IERES, 6 April 2015, George Washington University, Washington, USA.
  • Kakhkharov, J. and Akimov, A. "Estimating Remittances in the former Soviet Union: Methodological Problems and a New Estimation Method," Maastricht Graduate School of Governance and UNU-MERIT conference: "A World in Motion", 22-24 January 2014, Maastricht, the Netherlands.
  • Kakhkharov, J. "Remittances to Uzbekistan: Implications for Financial Sector and MSMEs," 11th Biennial Conference of AACaPCS, 7 -8 Feb, 2013 University of Tasmania, Hobart, Australia.
  • Kakhkharov, J. "Uzbekistan Banking Sector Overview," paper presented at "20 Years of Transition in Central and Eastern Europe: Money, Banking and Financial Markets" conference, 17-18 September 2009, London, UK.

Projects 

  • 2019-2022 Eurasia Foundation, USA, Consultant for Civil Society Enhancement Project. Delivered "Project Management and Planning" and "Financial Management" training to NGO leaders from Central Asia, US$6,250
  • 2017-2019 Mentor for the Department of Foreign Affairs and Trade (DFAT), Australia project - Developing Research and Policy Formulation Capacity at the Central Banks (South Pacific), a total value of the project - AU$184,849
  • 2017 Research Grant External and Internal Migrations in Central Asia. George Washington University US$8,000
  • 2009-2016 Central Asia Data-Gathering and Analysis Team (CADGAT) Research Project Grant funded by the Norwegian Ministry of Foreign Affairs and the OSCE Academy, NOK50,000
  • 2014-2015 Research Grant Research beyond the Ivory Tower: Policy and Communications Training for University Teams funded by the Norwegian Ministry of Foreign Affairs, NOK100,000
  • 2007-2009 Research Grant "Regional Competence Building for Think Tanks in the South Caucasus and Central Asia" funded by the Norwegian Ministry of Foreign, Affairs, NOK25,000
  • 2012 World Bank Consultant for Public Expenditure and Financial Accountability (PEFA) assessment, Uzbekistan
  • 2010-2011 ADB (Asian Development Bank) consultant for Micro and Small Business/Microfinance Credit, Financial Reporting, and Training Consultant for Second Small and Microfinance Development Project, Uzbekistan
  • 2010-2011 JICA (Japanese Agency for International Cooperation) Consultant on Microfinance and Economic Reforms in Uzbekistan
  • 2010 World Bank consultant for Country Integrated Fiduciary Assessment (CIFA) of Uzbekistan
  • 2009 The Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ) consultant for the "Labour Migration and Remittances" study in Uzbekistan
  • 2008 NCH Capital Inc., Consultant, Reviewed business opportunities in the agribusiness sector of Uzbekistan for the US hedge fund
  • 2000 Consultant for the World Bank-funded Financial Institution Building Project in Uzbekistan

Awards

  • 2022 Wiley - A Top Cited Article in International Migration ABDC rank "A" in 2021-2022
  • 2021 Wiley - A Top Cited Article in International Migration ABDC rank "A" in 2020-2021
  • 2012-2016 Griffith Business School Postgraduate Research and International Postgraduate Research Scholarship, AU$83,000 (tuition fees) and AU$25,000 p.a. (living allowance)
  • 2011-2013 CARTI (Central Asia Research and Training Initiative) Research Grant funded by the Open Society Institute to support the early stages of doctoral studies and to develop ideas for original academic research, US$20,000
  • 2000-2001 Open Society Institute /Foreign Commonwealth Office Scholarship to support research at the University of Oxford, £20,000
  • 1994-1996 FSA Fellowship from USIA to cover tuition and living expenses of Master's program at Columbia University, New York, US$100,000

Appointments and Affiliations

Academic appointments

  • 7/2023 - present Senior Lecturer in Finance, Australian Catholic University, Melbourne, Australia
  • 8/2019 -7/2023 Lecturer in Finance, Flinders University, Adelaide, Australia
  • 1/2016 - 7/2019 Associate Lecturer in Finance, Griffith University, Brisbane, Australia
  • 9/2010 - 9/2011 Lecturer in Finance and Economics, Management Development Institute of Singapore in Tashkent
  • 9/2006 - 2/2008 Lecturer in Finance and Business, Westminster International University in Tashkent
  • 9/1997 - 8/2010 Senior Lecturer in Finance and Economics, National University of Uzbekistan, Faculty of Economics

Industry appointments

  • 11/2003 - 4/2008 U.S. Department of Commerce
  • 8/2001 - 11/2003 Economist/Regional Cooperation Specialist, Asian Development Bank
  • 9/1997 - 3/2000 Senior Manager, Structured Finance Unit, ABN AMRO Bank

International journal review panels

  • Journal of Business Venturing (ABDC ranking A*), World Economy (ABDC ranking A), Applied Economics (ABDC ranking A), Applied Finance Letters (ABDC ranking B), Economic Modelling (ABDC ranking A), International Migration (ABDC ranking A), International Journal of Emerging Markets (ABDC ranking B), The Manchester School (ABDC ranking B), Applied Finance Letters (ABDC ranking B), Empirical Economics (ABDC ranking B).
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