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Pornpitchaya Kuwalairat

พรพิชยา กุวลัยรัตน์
Assistant Professor

Joined : Jan/2008
Email :

Areas of Interest

Macroeconomics; Monetary Policy; Financial Liberalization; Financial Development


  • Doctor of Philosophy, Economics, Oklahoma State University , U.S.A, 2006
  • Master of Science, Economics, Oklahoma State University , U.S.A, 1999
  • Bachelor of Arts, Business English, Assumption University (ABAC), Thailand, 1997

Employment History

  • Assistant Professor in Finance, Chulalongkorn Business School, Chulalongkorn University, December 2014 - Present
  • Lecturer in Finance, Faculty of Commerce and Accountancy, Chulalongkorn University, 2007 - Nov 2014
  • Senior Investment Analyst, Research and Strategic Investment Department, MFC Asset Management Public Company Limited, Thailand, July 2006 - April 2007
  • Lecturer, Faculty of Information Technology, the King Mongkut’s Institute of Technology North Bangkok, Thailand, April - June 2006

Refereed Publications

  • Chulalongkorn Business Review, 2014, 36, pp. 84 - 107, "Does the Quantitative Easing Actually Help Improve the Stock Market Development in Emerging Countries? Another Evidence on the Spillover Effects of QE": Kuwalairat, P.
  • Journal of Applied Economic Sciences, 2014, Vol. 9, No. 3, pp. 394-414, "What Drives Stock Market Development: Evidence from Investor Type": Kuwalairat, P. and Pisedtasalasai, A.
  • Chulalongkorn Business Review, 2012, 34, pp. 92 - 122, "Precious Metals and Their Safe Haven and Hedging Abilities during Extreme Stock Market Volatility Conditions and Crisis: The Case of Thailand": Kuwalairat, P., and Tantikoon, W.
  • Kasetsart Journal: Social Science, 2011, 32 (2), pp. 277 - 286, "Testing Validity of Purchasing Power Parity for Emerging Asian Countries: Evidence from Thailand, Taiwan, and South Korea": Prajakschitt, P., and Kuwalairat, P.

Other Publications

  • Thailand Research Fund, 2010, , , "Financial and Banking System Including Fund Flows and Financial Instruments for International Trading with Russia": Jayapani, P., Suppakitjarak, N., and P. Kuwalairat P.


Number Name
2604271 Business Economics
2604472 International Economics
2604677 Economics for Business Management
2604678 Macro Issues in Finance