MP in Fthiotida
Minister of Finance
Assistant Professor in Finance at the Athens
University of Economics and Business

[temporary leave]

Date of Birth: August 12, 1973
Place of Birth: Lamia
Marital Status: Μarried
Military Service: Air Force, Piston Aircrafts Engineer

11/1997 – 05/2001: Doctor of Philosophy – PhD in Banking, Department of
Banking and Finance, Cass Business School, City University, London
09/1996 – 11/1997: Master’s Degree in Business Administration – Μ.Β.Α.,
Management School, Imperial College of Science, Technology and Medicine,
University of London, London
09/1991 – 06/1996: Bachelor's Degree in Mechanical Engineering, Field of expertise:
Production Engineer, School of Mechanical Engineering, National Technical
University of Athens (NTUA)
06/1991: Graduate of the 39th General Lyceum of Kypseli

07/2019 – today: Minister of Finance – Ministry of Finance
05/2019 – today*: Assistant Professor of Finance, Department of Accounting and
Finance, Athens University of Economics and Business *temporary leave
06/2012 – 01/2015: Alternate Minister of Finance- Ministry of Finance
07/2006 – 05/2019: Associate Professor of Finance, Department of Accounting and
Finance, Athens University of Economics and Business
09/2004 – 08/2007: Adjunct Faculty Member, Postgraduate Program in Banking,
Hellenic Open University
07/2002 – 07/2006: Lecturer in Finance, Department of Accounting and Finance,
Athens University of Economics and Business
08/2000 – 01/2004: Analyst – Management Consultant, Strategy, Investment and
Planning Division, EFG Eurobank

01/2000 – 06/2000: Scientific Associate, Financial Surveillance Division – G10, Bank
of England
09/1999 – 12/1999:  Visiting Lecturer, Department of Banking and Finance, Cass
Business School, City University

2.686 citations – Google Scholar
470 (H-Index = 12) citations – Scopus
1.503 citations – Research Gate
12/2010: Honorable mention from the Commonwealth of Massachusetts (USA) – In
recognition of achievements in the promotion of Greek spirit, culture and heritage and
for the effort to strengthen the business, cultural and political ties between the USA
and Greece.
06/2003: Best Paper Award – European Applied Business Research Conference,
Venice, Italy
09/1996: Scholarship from the Eugenides Foundation for undertaking postgraduate
studies and PhD at universities abroad.

5.1. Phd:
5.1.1. Phd thesis:
“European banking industry: Sources of income and profitability”, Department of
Banking and Finance, Cass Business School, City University, London, 2001
5.1.2. Master’s thesis:
“The effects of EMU in the Greek banking system”, The Management School,
Imperial College of Science, Technology and Medicine, University of London, 1997
5.1.3. Bachelor’s thesis:
" Strategic asset allocation and portfolio selection criteria in the Greek stock market ",
School of Mechanical Engineering, National Technical University of Athens
(NTUA), 1996
5.2. Publications, scientific journals (with referees)
5.2.1. Staikouras, C. (with C. Τsamadias, P. Pegkas), 2020 (In Press). “On the
Determinants of Economic growth: Empirical evidence from the Eurozone countries”.
International Area Studies Review.

5.2.2. Staikouras, C. (with C. Τsamadias, P. Pegkas), 2020 (In Press). “Does Domestic
and Foreign R&D capital affect Total Factor Productivity? Evidence from Eurozone
countries”. International Economic Journal.
5.2.3. Staikouras, C. (with C. Τsamadias, P. Pegkas), 2019. “Does research and
development expenditure impact innovation? Evidence from the European Union
countries”. Journal of Policy Modeling, Vol. 41, 1005 – 1025 (published online 12
July 2019)
5.2.4. Staikouras, C. (with C. Τsamadias, C. Mamatzakis), 2019. “Does R&D, human
capital and FDI matter for TFP in OECD countries?”. Economics of Innovation and
New Technology, Forthcoming
5.2.5. Staikouras, C. (with D. Margaritis ),  2019. “The financial crisis and the shadow
price of bank capital”. Annals of Operations Research, Forthcoming
5.2.6. Staikouras, C., 2018. “Essentials of Economics”. Scientific editing of the book
“Essentials of Economics” written by Hubbard R.G. – A.P. O’ Brien. ION
Publications
5.2.6. Staikouras, C., 2018. “Banking Development Strategies”. Hellenic Open
University Editions
5.2.7. Staikouras, C. (with P. Xidonas, C. Hassapis, G. Bouzianis), 2018.  “An
integrated matching- immunization model for bond portfolio
optimization”, Computational Economics, Vol.51 pp. 595-605
5.2.8. Staikouras, C. (with I. Voutsinas, C. Tsamadias, E. Karayiannis), 2018. “Does
research and development expenditure impact innovation? Theory, policy and practice
insights from the Greek experience”. The Journal of Technology Transfer, Vol. 43,
pp.1590 171
5.2.9. Staikouras, C. (with P. Xidonas, C. Hassapis, G. Mavrotas, C.
Zopounidis), 2018. “Multiobjective portfolio optimization: bridging mathematical
theory with asset management practice”. Annals of Operations Research, Vol. 267,
pp. 585-606
5.2.10. Staikouras, C., 2017. “The institutional framework of the financial system in
Europe: turning delay into a driving force”. International and European Policy, Four-
month Political and Economic Review, Vol. 39, pp. 155 -192, Papazisis Publications
5.2.11. Staikouras, C. (with C. Triantopoulos), 2017. “SOEs in Greece: Structural
reforms, economic crisis
and financial constraints”. International Journal of Public Policy, Vol. 13, No. 6, pp.
358-382

5.2.12. Staikouras, C. (with Xidonas, P., Hassapis, C. and G. Bouzianis), 2016. “An
integrated matching- immunization model for bond portfolio optimization”.
Computational Economics, Forthcoming
(published online 19 October 2016)
5.2.13. Staikouras, C. (with Xidonas, P., Hassapis, C. and E. Kountzakis), 2016.
“RAROC in portfolio
optimization”. International Journal of Financial Engineering, Vol. 3, Forthcoming
(published
online 3 November 2016)
5.2.14. Staikouras, C. (with Xidonas, P., Hassapis, C., Mavrotas, G. and C.
Zopounidis), 2016
“Multiobjective portfolio optimization bringing mathematical theory with asset
management
practice”. Annals of Operations Research, Forthcoming (published online 11 October
2016)
5.2.15. Staikouras, C. (with Xidonas, P., Kountzakis, C. and C. Hassapis), 2016. “A
use of Black-Scholes model in market risk”. International Journal of Financial
Engineering and Risk Management, Vol.
2, pp. 200-210
5.2.16. Staikouras, C. (with Voutsinas, I., Tsamadias, C. and E. Karayiannis), 2015.
“Does research and
development expenditure impact innovation? Theory, policy and practice insights
from the Greek
experience”. The Journal of Technology Transfer, Forthcoming
5.2.17. Staikouras, C. (with Koutsomanoli-Filippaki, A. and D. Margaritis), 2012.
“Profit efficiency in the
European Union banking industry: a directional technology distance function
approach”. Journal
of Productivity Analysis, Vol. 37, pp. 277-293
5.2.18. Staikouras, C. (with P. Pegas), 2012. “Investigation of the relationship
between the investment stock with personal available income and bank private
deposits in the Regions of Greece”. Scientific Conference: The Future of
Development and Urban Planning of Greece, Proceedings, pp. 313-353
5.2.19. Staikouras, C. (with N. Apergis, E. Mamatzakis), 2011. “Testing for regime
changes in Greek sovereign debt crisis”. International Advances in Economic
Research, Vol. 17, pp. 258 – 273

5.2.20. Staikouras, C. (with Apergis, N. and E. Mamatzakis), 2011. “The Greek
sovereign debt crisis:
testing for regime changes”. International Advances in Economic Research, Vol. 17,
pp. 258-273
5.2.21. Staikouras, C. (with Tsatsanis, D. and J. Mylonakis), 2010. “The effect of
media exposure and market psychology on IPOs underpricing”. International Review
of Applied Financial Issues and Economics, Vol. 2, pp. 803-822
5.2.22. Staikouras, C. (A. Koutsomanoli, C. Triantopoulos), 2010. “Expansion and
effectiveness of the Greek banks in Southeastern Europe”. Collaborative Vol: Studies
on the Greek Financial System, pp. 139- 183 Athens University of Economics and
Business Publications
5.2.23. Staikouras, C. (with Mamatzakis, E. and A. Koutsomanoli-Filippaki), 2010.
“On the determinants
of banking efficiency in four new European Union Member States: the impact of
structural reforms”. University Library of Munich, Working Paper 24634
5.2.24. Staikouras, C. (with G. Xirogiannis, M. Glykas), 2010. “Fuzzy cognitive maps
in banking business process performance measurement. Fuzzy Cognitive Maps:
Advances in Theory, Methodologies, Tools and Applications”. Springer, pp. 161- 200
5.2.25. Staikouras, C. (with Hevas, D. and G. Siougle), 2009. “The accounting
valuation of bank stocks in
Europe”. Journal of Modern Accounting and Auditing, Vol. 5, pp. 49-66
5.2.26. Staikouras, C. (with Koutsomanoli-Filippaki, A. and E. Mamatzakis), 2009.
“Banking inefficiency in Central and Eastern European countries under a quandratic
loss function”. Emerging Markets
Review, Vol. 10, pp. 167-178
5.2.27. Staikouras, C. (with Athanasoglou, P. and E. Georgiou), 2009. “Assessing
output and productivity
growth in the banking industry”. The Quarterly Review of Economics and Finance,
Vol. 49, pp. 1317-1340
5.2.28. Staikouras, C. (with Margaritis, D. and A. Koutsomanoli-Filippaki), 2009.
“Efficiency and
productivity growth in the banking industry of Central and Eastern Europe”. Journal
of Banking
and Finance, Vol. 33, pp. 557-567
5.2.29. Staikouras, C. (with Mamatzakis, E. and A. Koutsomanoli-Filippaki), 2009.
“Structural reforms

and banking efficiency in the new EU States”. Journal of Policy Modeling, Vol. 31,
pp. 17-21
5.2.30. Staikouras, C. (with Margaritis, D. and A. Koutsomanoli-Filippaki), 2009.
“Profit efficiency under
a directional technology distance function approach”. Managerial Finance, Vol. 35,
pp. 276-296
5.2.31. Staikouras, C. (with Delis, M., Gerogiannaki, A. and A. Koutsomanoli-
Filippaki), 2009. “Evaluating cost and profit efficiency: A comparison of parametric
and non-parametric methodologies” Applied Financial Economics, Vol. 19, pp. 191-
202
5.2.32. Staikouras, C. (with Mamatzakis, E. and A. Koutsomanoli-Filippaki), 2008.
“Cost efficiency of the banking industry in the South Eastern European region”.
Journal of International Financial Markets, Institutions & Money, Vol. 18, pp. 483-
497
5.2.33. Staikouras, C. (with Delis, M. and P. Varlagas), 2008. “On the measurement
of market power in the banking industry”. Journal of Business Finance and
Accounting, Vol. 35, pp. 1023-1047
5.2.34. Staikouras, C. (with Mamatzakis, E. and A. Koutsomanoli-Filippaki), 2008.
“An empirical investigation of operating performance in the new European banking
landscape”. Global Finance Journal, Vol. 19, pp. 32-45
5.2.35. Staikouras, C. (with Mamatzakis, E. and A. Koutsomanoli-Filippaki) 2008.
“Bank efficiency in the new European Union member states: Is there convergence?”
International Review of Financial Analysis, Vol. 17, pp. 1156-1172
5.2.36. Staikouras, C. (with Mamatzakis, E. and A. Koutsomanoli-Filippaki), 2007.
“Operating performance of the banking industry: An empirical investigation of the
South Eastern European region”. South-Eastern Europe Journal of Economics, Vol. 2,
pp. 245-266
5.2.37. Staikouras, C. (with Staikouras, P. and M. Agoraki), 2007. “The effect of
board size and composition on European bank performance”. European Journal of
Law and Economics, Vol. 23, pp.1-27
5.2.38. Staikouras, C. (with Delis, M. and P. Athanasoglou), 2006. “Determinants of
bank profitability in the South Eastern European region”. Journal of Financial
Decision Making, Vol. 2, pp. 1-17
5.2.39. Staikouras, C. (with E. Mamatzakis), 2006. “A micro-econometric model of
the UK property- liability insurance industry”. Applied Financial Economics Letters,
Vol. 2, pp. 257-260

5.2.40. Staikouras, C (with Chytas, P., Glykas, M. and G. Valiris), 2006.
“Performance measurement in a Greek financial institute using the balanced
scorecard”. Measuring Business Excellence, Vol.10, pp. 87-98
5.2.41. Staikouras, C. (with A. Koutsomanoli-Filippaki), 2006. “Competition and
concentration in the new European banking landscape”. European Financial
Management, Vol. 12, pp. 443-482
5.2.42. Staikouras, C. (with Mamatzakis, E. and A. Koutsomanoli-Filippaki), 2005.
“Competition and concentration in the banking sector of the South Eastern European
region”. Emerging Markers Review, Vol. 6, pp. 192-209
5.2.43. Staikouras, C. (with G. Wood), 2004. “The determinants of European bank
profitability”. International Business & Economics Research Journal, Vol. 3, pp. 57-
68
5.2.44. Staikouras, C. (with Glykas, M. and G. Xirogiannis), 2004. “Fuzzy cognitive
maps as a back end to knowledge-based systems in geographically dispersed financial
organizations”. Knowledge and Process Management, Vol. 11, pp. 137-154
5.2.45. Staikouras, C. (with Korres, G. and D. Chionis), 2004. “Regional systems of
innovation and regional policy in Europe”. Regional and Sectoral Economic Studies,
Vol. 4, pp. 25-44
5.2.46. Staikouras, C. (with G. Wood), 2004. “Sources of income and stability in the
European banking industry”. Ekonomika, Vol. 16, pp. 6-8
5.2.47. Staikouras, C. (with Smith, R. and G. Wood), 2003. “Non-interest income and
total income stability”. Bank of England Quarterly Bulletin, Vol. 43, Working Paper,
No. 198
5.2.48. Staikouras, C. (with G. Wood), 2000. “Competition and banking stability in
the euro area: The cases of Greece and Spain”. The Journal of International Banking
Regulation, Vol. 2, pp. 7-24
5.3 Edited Books – Proceedings of Scientific Conferences
5.3.1. Staikouras, C., 2017. «Perspectives of the Greek Economy». Scientific
Conference: Crisis, Reforms, Development. Parliamentary Budget Office,
Proceedings, March 27- 28.
5.3.2. Staikouras, C., (with C. Triantopoulos), 2017. "Regulatory framework of the
financial system in Europe: Turning delay into a driving force". International and
European Politics, Quarterly Political and Economic Review, Issue 39, Papazisis
Publications, pp. 155-192

5.3.3. Staikouras, C. (with Pegkas, P., Voutsinas I. and K. Tsamadias), 2016. "The
impact of investment, net exports and human capital on economic growth: Empirical
results from 5 countries in the European Union". 1st Panhellenic Scientific
Conference: "Greece – Europe 2020: Education, Lifelong Learning, Research,
Innovation and Economy", July 1-3, Proceedings
5.3.4. Staikouras, C. (With Pegkas, P., Voutsinas I. and K. Tsamadias), 2016. "The
effect of R&D expenditure on innovation: empirical results from 12 Eurozone
countries". 1st Panhellenic Scientific Conference: "Greece – Europe 2020: Education,
Lifelong Learning, Research, Innovation and Economy", July 1-3, Proceedings
5.3.5. Staikouras, C., (With Pegkas, P. and K. Tsamadias), 2012. "Investigation of the
relations between the investment stock with the personal disposable income and the
private bank deposits in the Regions of Greece". Scientific Conference: The Future of
Development and Spatial Planning in Greece, Proceedings, pp. 313-353
5.3.6. Staikouras, C., (with Xirogiannis, G. and M. Glykas), 2010. “Fuzzy cognitive
maps in banking business process performance measurement”. Fuzzy Cognitive
Maps: Advances in Theory, Methodologies, Tools and Applications. Springer, pp.
161-200
5.3.7. Staikouras, C., (With Koutsomanoli, A. and Ch. Triantopoulos), 2010.
"Expansion and efficiency of Greek banks in Southeastern Europe". Collective
volume titled: "Studies on the Greek Financial System", Athens University of
Economics and Business Publications, pp. 139-183.
5.3.8 Staikouras, C. (with Triantopoulos, C.), 2009. “The euro and the integration of
the European financial market: The role of the regulatory and supervisory
framework”. International and European Policy, Issue 15, July-September. Papazisis
Publications.
5.3.9. Staikouras, C., (with Korres, G. and E. Mamatzakis), 2007. “An assessment of
the integration of Eastern European economies in the European Union”.
Regionalisation, Growth and Economic Integration, Springer, pp. 25-38
5.3.10. Staikouras, C.,(with Athanasoglou, P. and M. Delis), 2006. “Determinants of
bank profitability in the South Eastern European region”. Bank of Greece, Working
Paper, No. 47, September.
5.3.11. Staikouras, C., 2004. “Structure of operating income of Greek banks: Trends,
challenges and prospects”. Edited volume entitled “The New European Financial
Environment: Trends and Prospects”, Hellenic Bank Association, A. Sakkoulas
Publications, pp. 461-477.

5.3.12. Staikouras, C. (with Tsamadias, C.), 2004. “Human capital in the economy of
the Region of Central Greece (Period 1998-2002)”. Edited volume entitled
“Education and Development: The Case of the Region of Central Greece”, Citizen
Group Fthiotida 21st Century and Co-operative Bank of Lamia, pp. 240-269.
5.3.13. Staikouras, C. (with G. Wood), 2002. “Net interest income, balance sheet
structure and interest rates”. New Trends in Banking Management, IFORS, Physica-
Verlag Publication, pp. 189-204
5.3.14. Staikouras, C. (with M. Steliaros), 1999. “Determinants of profitability of
Greek banks”. Hellenic Bank Association Bulletin 19-20, pp. 61-66.
5.4 Participation in International Scientific Journals
Referee in Journal of International Financial Markets, Institutions and Money

5.5 Participation in Research Programs
5.5.1. Saint Project: Economics of Cybersecurity – Digital Security Focus Area.
(Saint Advisory Board – SAB). Fund: European Commission
5.5.2. Study of the market structure, concentration, efficiency and effectiveness
of the European banking system. (Scientific Officer) Duration 27 months (1/3/2004 –
31/12/2006). Fund: European Commission and Ministry of Education (Pythagoras
Scientific Program).
5.5.3. The internal market of the banking industry: An estimate of the structural
changes induced by deregulation and the single currency. (Member of the Research
team) Duration 6 months (07/1999 – 12/1999). Fund: European Commission (Single
Market Directorate)

He was elected MP in Fthiotida on the election of 2007 and reelected on the elections
of 2009, 2012 (May and June), 2015 (January and September) and July 2019. From
June 2012 he was appointed as Alternate Minister of Finance, and held his position
until the election of January 2015. From July 2019 he was appointed as Minister of
Finance.
He has served as a member at the Standing Committee of Economic Affairs, the
Committee of State Account and General Annual Balance and the Committee of

Public Enterprises, Banks, Public Utility Institutions and Hellenic Parliament’s Social
Security Entities.

Since 2007 he is a member of the Central Committee and the Political Committee of Nea Demokratia political party. As from October 2009 until June 2012 he was Deputy Head of the Economic Policy Sector of Nea Demokratia.

From June 2012 he was appointed as Alternate Minister of Finance, and held his position until the election of January 2015. From February 2015 until June 2019 he was the Head of ND Economic Policy Sector. He was part time academic staff at the Hellenic Open University (2004- 2007), Associate Professor at the Athens University of Economics and Business (2002-2006), Visiting Professor at the Universities of Thessaly (2004), Athens (2002), and City (1999).

For a decade, he has staffed positions of high responsibility in recognized financial organizations, as are the Eurobank (2000-2004) and the Bank of England (2000). He has published more than 50 papers in international refereed scientific papers, books and monographs and he has also participated in more than 2.600 scientific international conferences.