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José J. Cao Alvira

Office: Carman Hall, Room 368
Office Hours: T 4:30 PM - 6:00 PM
Phone: 718-960-8297


  • Ph.D., Cornell University
  • M.A., Cornell University
  • B.A., University of Puerto Rico

Professional Bio

José Julián Cao Alvira is an Associate Professor of Finance and Economics for Lehman College of The City University of New York. He obtained a Ph.D. from Cornell University, and also holds the Certified Financial Planner (CFP) and Financial Risk Manager (FRM) professional designations. He lectures graduate and undergraduate courses in Corporate Finance, Investments and Microeconomics at Lehman, and Financial Economics, Econometrics and Banking in a number of national and international institutions. He has obtained several important recognitions for his research, including a Fulbright U.S. Scholar Award and a Sage Fellowship. Dr. Cao-Alvira has served as a visiting professor in several academic research centers, and as an economic and financial adviser to numerous public and private enterprises.

Selected Works in Progress

1. On the Financial Literacy, Indebtedness and Wealth of Colombian Households (with A. Novoa-Hoyos and A. Núñez-Torres); Under Revision.

2. On Remittances and Velocity (with Diego Vacaflores).

Publications – Refereed Academic Journals and Scientific Books

1.      Cao-Alvira, José J. & Luca G. Deidda (2019). Development of Bank Microcredit. North American Journal of Economics and Finance, Forthcoming. (Elsevier)

2.      Cao-Alvira, José J. & L. Palacios-Chacón (2019). Financial Deepening and Economic Growth: A Regional Analysis of Colombia. Emerging Markets Finance and Trade, Forthcoming. (Taylor & Francis)

3.      Cao-Alvira, José J. & A. Núñez-Torres (2019). On TARP and Agency Securitization. International Finance, Volume 22, Issue 2 pp. 186-200. (Wiley)

4.      Alonso-Gonzalez. A., M. Peris-Ortiz & José J. Cao-Alvira, (2018). Personal Branding as a Knowledge Management Tool to Enhance Innovation and Sustainable Development in Organizations, at M. Peris-Ortiz (Ed.), “Knowledge, Innovation and Sustainable Development in Organizations” Springer Nature. ISBN 978-3-319-74881-8. (Springer)

5.      Cao-Alvira, José J. & Javier Rodríguez (2017). IPO and Aftermarket Performance of Single-Listed Chinese ADRs. Journal of International Financial Management and Accounting, Volume 28, Issue 1 pp. 5-26. (Wiley)

6.      Nieves-Rodríguez, E., José J. Cao-Alvira & M. Pérez (2015). The Influence of Special Occasions on the Retail Sales of Women’s Apparel, at K. Kubacki (Ed.), “Ideas in Marketing: Finding the New and Polishing the Old” Springer International Publishing. ISBN 978-3-31910951-0. (Springer)

7.      Cao-Alvira, José J. (2014).  Colombian Short-Run and Long-Run Trade Balance Dynamics. The International Trade Journal, Volume 28, Issue 1 pp. 45-64. (Taylor & Francis)

8.      Brown, S., José J. Cao-Alvira & E, Powers (2013). Do Investment Newsletters Move Markets?  Financial Management, Volume 42, Issue 2 pp. 315-338. (Wiley)

9.      Cao-Alvira, José J. (2012). Velocity Volatility Assessment in Cash-in-Advance Economies.  Computational Economics, Volume 40, Issue 3 pp.293-311. (Springer)

10.    Cao-Alvira, José J. & L. Palacios-Chacón (2012). Evidencia empírica de la Curva-S en balanzas comerciales bilaterales de Colombia.  Ecos de Economía: Latin American Journal of Applied Economics, Vol. 16 (3)  pp.111-126. (Universidad EAFIT)

11.    Cao-Alvira, José J. & C. Ronderos-Torres (2011). Commodity and Non-Commodity Trade Dynamics in Colombia. Globalization, Competitiveness and Governability, Volume 5, Issue 2 pp. 86-105. (Georgetown University & Universia)

12.    Cao-Alvira, José J. (2011).  Financial Frictions and Money-Driven Variability in Velocity, at Q. Bai and N. Fukuta (Eds.), “Advances in Practical Multi-Agent Systems” 1st Edition, Studies in Computational Intelligence, Vol. 325. Springer-Verlag: Berlin Heidelberg. ISBN: 978-3-642-16097-4. (Springer)

13.    Cao-Alvira, José J. & R. Rodríguez (2011). Tasa Efectiva del Impuesto a la Propiedad Inmueble en Puerto Rico.  Revista Civilizar, Núm. 3(2) pp. 7- 22. (Universidad Sergio Arboleda)

14.    Cao-Alvira, José J. (2010).  Finite Elements in the Presence of Occasionally Binding Constraints. Computational Economics, Volume 35, Issue 4 pp. 355-370. (Springer)