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Tiffany Hutcheson

Biography

Since being employed by the School of Finance and Economics in 1995 I have taught several subjects in the areas of economics and financial markets. Currently and between Spring Semester 2000 and Spring Semester 2002 I have been the Coordinator of Undergraduate Courses for the School of Finance and Economics. As Coordinator I have attended the monthly meetings of the Undergraduate Planning Committee and brought to the attention of the Committee several minor changes in the majors offered by the School. I am the School’s representative on the Assessment Grade Committee and over 2002 was a member of the Faculty Academic Conduct Committee. Currently I am working on three research papers. The first paper is on “Temporal Relationships and Foreign Exchange Markets” and has already been presented at an international conference. The second paper is being written jointly with another academic from the School and is examining the “Learning difficulties encountered by International Students”. The third paper is being written jointly with two other academics and is currently being revised to be resubmitted for publication. This paper is titled “Regime Switches in Property Market Risk Premiums: Some International Comparisons”.

Lecturer, Finance Discipline Group
BEc (Hons) (Syd), MCom (Hons) (UNSW)
Download CV  (PDF, 108 Kb, 2 pages)
Phone
+61 2 9514 7731
Room
CB05D.02.38

Books

Terry, C.S., Hutcheson, T.J. & Hunt, B.F. 2000, Introduction to the financial system, Nelson Thomson Learning, South Melbourne, Australia.

Conference Papers

Meyer, P.H., Hutcheson, T.J. & Jie, F. 2010, 'What's in it for me? A comparison of postgraduate and undergraduate performance in supplemental instruction at an Australian university', 13th Australasian Teaching Economics Conference, Sydney, Australia, September 2008 in Enhancing the Effectiveness of Learning and Teaching in Economics: Proceedings of the 13th Australasian Teaching Economics Conference, ed Lodewijks, J; O'Donnell, R, Lambert Academic Publishing, US, pp. 42-49.
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PASS has proven to be a popular progrem with m:dergraduate University students. r:rls study examines the impact of the PASS pro""",, when it is introduced into a postgraduate subject. The results imply that the postgraduate students who attended PASS "were on average able to achieve higher .marks fum: students that did not However, the feedback provided by postgraduate students on the her:efits they felt they achieved whi!st attending PASS was not as positive as the feedback provided by undergraduate students.
Hutcheson, T.J. 2003, 'Lead-lag relationship in currency markets', Australasian Finance and Banking Conference, Sydney, Australia, December 2003 in 17th Australasian Finance and Banking Conference, ed --, --, --.
Hutcheson, T.J. 2002, 'Temporal relationships and foreign exchange market', 9th Annual Conference of the MultiNational Finance Society, Paphos, Cyprus, June 2002 in 9th Annual Conference of the MultiNational Finance Society.
Hutcheson, T.J. 2001, 'The theory and practice of risk management', Currency Hedging in Turbulent Times Training Seminar, Sydney, Australia, October 2001.
Hutcheson, T.J. 2000, 'Trading in the Australian foreign exchange market', Seminar Presentation, School of Finance and Economics, University of Technology, Sydney, Sydney, Australia, October 2000.

Journal Articles

Hutcheson, T.J. 2009, 'A suggestion for using oral presentations to reduce the incidence of plagiarism in business courses', Australasian Journal of Economics Education, vol. 6, no. 2, pp. 44-63.
Wilson, P.J., Okunev, J., Hutcheson, T.J. & Zurbruegg, R. 2004, 'Regime switching in the real estate risk premium.', Pacific Rim Property Research Journal, vol. 10, no. 2, pp. 168-192.
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Wilson, P.J., Okunev, J. & Hutcheson, T.J. 2003, 'Predicting behaviour in Australian securitised property markets', Australian Property Journal, vol. 37, no. 8, pp. 574-577.
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Hutcheson, T.J. 2003, 'Exchange rate movements as explained by dealers', Economic Papers, vol. 22, no. 3, pp. 35-46.
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Theoretically, the value of a currency is determined by the economic fundamentals of its country, such as interest rates, inflation rates and national income. These fundamentals have an effect on trade and capital flows and hence the demand and supply of the currency. However, there have been many well-known episodes when real exchange rates have moved contrary to these fundamentals for lengthy periods of time (Krugman, 1989). Attempts using empirical models to test economic fundamentals as a basis for predicting exchange rate movements have not been very successful especially over the short run (Taylor, 1995). Furthermore, market practitioners have successfully developed and implemented profitable trading strategies, which do not rely on economic fundamentals. One reason for the poor performance of trading activities based on fundamental analysis could be the behaviour of practitioners trading in the foreign exchange market (Krugman, 1989). For example, some practitioners may trade tactically in a way that forces an exchange rate to move away from its fundamental value. These practitioners would then establish a currency position that becomes profitable once general market trading moves the exchange rate back towards its true value
Hutcheson, T.J. 2001, 'Trading in Foreign Exchange', Economic Papers, vol. 20, no. 2, pp. 13-25.
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Hutcheson, T.J. & Sharpe, I.G. 1998, 'Ownership structure and building society efficiency', Australian Journal of Management, vol. 23, no. 2, pp. 151-168.

Other research activity

Hutcheson, T.J. & Tse, H.P. 2004, 'Learning by students (F&E paper #136)'.
Hutcheson, T.J. 2003, 'Lead-lag relationship in currency markets'.