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Tro Kortian

Tro Kortian

BEc(Hons) PhD Penn.

Rm 411
H69 - Codrington Building
The University of Sydney
NSW 2006 Australia

Telephone +61 2 9351 6450
Fax +61 2 9351 6461


Dr Tro Kortian has a PhD in Economics from the University of Pennsylvania, specialising in finance and international economics. He joined the University after a six-year tenure as a research economist with Reserve Bank of Australia, working in both the International and Economic Research Departments of the Bank.

Prior to his return to Australia, Dr Kortian was an A/Prof. in Economics at Indiana University, Bloomington, Indiana, USA. His areas of research interest include asset pricing, investor trading strategies and behaviour, foreign exchange market microstructure, and the global supervision and regulation of financial institutions. With the award of a Large Research Grant from the Australian Research Council, Dr Kortian, along with Prof. Peter Swan, has embarked on a 3-year research project examining the nature and profitability of trading strategies adopted by all investor classes in the Australian share market, as well as its implications for stock market liquidity, stability and efficiency.

Newsroom articles

  • The Swiss-system Shakedown 01 Jul 2012

    CEO Magazine

    Tro Kortian, Discipline of Finance at the University of Sydney Business School, has been interviewed by CEO Magazine regarding Switzerland's bank secrecy laws.

See all Newsroom items for Tro Kortian


Journal Article/s

Frino A, Kortian T, Oetomo T and Wearin G 2006 'Execution costs in futures markets', JASSA, vol.15:1, pp. 45-83


Journal Article/s

Kim S, Kortian T and Sheen JRalph 2000 'Central bank intervention and exchange rate volatility - Australian evidence', Journal of International Financial Markets, Institutions & Money, vol.10:3-4, pp. 381-405


Internal Working Paper/s

Kim S, Kortian T and Sheen JRalph 1999 'Central Bank Intervention and Exchange Rate Volatility', Department of Economics, University of Sydney, Sydney, NSW, Australia



Kortian T and O'Regan J 1996 'Australian financial market volatility: An exploration of cross- country and cross-market linkages', Reserve Bank of Australia, Research Discussion Paper

Gruen D and Kortian T 1996 'Why does the Australian dollar move so closely with the terms of trade?', Reserve Bank of Australia Research Discussion Paper



Kortian T 1995 'Modern approaches to asset price formation: A survey of recent theoretical literature', Reserve Bank of Australia, Research Discussion Paper



Kortian T 1991 'Essays on product buy-back countertrade and anti-dumping legislation', , University of Pennsylvania, United States

Research Expertise

  • Asset pricing
  • Foreign exchange market microstructure
  • Global supervision and regulation of financial institutions
  • Investor trading strategies and behaviour
  • Stock market liquidity

Recent Units Taught

  • BANK6003 Global Supervision of Bank Risks

    2016: S1, S2,

  • FINC2011 Corporate Finance I

    2017: S1, S2,
    2016: S2,

  • FINC2012 Corporate Finance II

    2017: SS,
    2016: SS,

  • FINC3011 International Financial Management

    2017: S1,
    2016: S1,

  • FINC5001 Capital Markets and Corporate Finance

    2017: S2, SS,
    2016: S2, S2,