M. Udara Peiris

  • Associate Professor of Financial Economics

Areas of Study

Education

  • PhD, financial economics, University of Oxford, 2010
  • MSc, financial economics, University of Oxford, 2006
  • BCom, finance and actuarial studies, University of New South Wales, 2004

Biography

Udara Peiris joined Oberlin in the fall of 2022. He was previously a tenured associate professor of finance at the International College of Economics and Finance at HSE University in Russia and has taught at the University of Warwick and the University of Oxford. He is a visiting researcher at the National Bank of Slovakia, was a research advisor to the Central Bank of Russia, consulted the Government of Sri Lanka, and presented his research at institutions including the International Monetary Fund, Federal Reserve System, European Central Bank, Bank of England, and Reserve Bank of Australia.

His research has a strong policy focus and covers the nexus between the macroeconomy and the financial markets. He has published over a dozen articles in major journals in finance, economic policy, and economic theory. He is engaged with the ongoing crisis in Sri Lanka as a Global Academic Fellow at Verite Research, Sri Lanka.

Udara is the faculty advisor for the Oberlin Finance Club and serves on the college’s Impact Investment Advisory Group.

Fall 2025

Essentials of Impact Finance — LEAD 192

Principles of Finance — ECON 241

Advanced Corporate Finance — ECON 342

Spring 2026

Time Series for Financial Economics — ECON 265

Advanced Asset Pricing and Risk Management — ECON 341

Advanced Topics in Finance — ECON 441

  • Capital flows
  • Sovereign debt/default
  • Monetary policy
  • Financial stability
  • Macro-prudential regulation

  • Peiris, M.U., Sokolova, A. and Tsomocos, D.P., 2024, Capital Flow Freezes, Economic Theory, forthcoming.

  • Andreev, M., Peiris, M.U., Shirobokov, A., and Tsomocos, D.P., 2024, Commodity Cycles and Financial Instability in Emerging Economies, Annals of Finance, Volume 28, May, pp 131-156.

  • Peiris, M.U., Shirobokov, A., and Tsomocos, D.P., 2024, Does “Lean Against the Wind” Monetary Policy Improve Welfare in a Commodity Exporter?, Journal of International Money and Finance, Volume 41, March, pp 32-56.

  • McMahon, M., Peiris, M.U. and Polemarchakis, H.M., 2018, Perils of Unconventional Monetary Policy, Journal of Economic Dynamics and Control, Volume 93, August, pp 92-114

  • Goodhart, C. A. E., Peiris, M.U. and Tsomocos, D. P., 2018, Debt, Recovery Rates and the Greek Dilemma, Journal of Financial Stability, Volume 36, June, pp 265- 278, (Sa ̈ıd Business School WP 2016-15)

  • Peiris, M.U. and Vardoulakis, A.P., 2015, Collateral and the Efficiency of Monetary Policy, Economic Theory, August, Volume 59, Issue 3, pp 579-603

  • Peiris, M.U. and Tsomocos, D.P., 2015, International Monetary Equilibrium with Default, Journal of Mathematical Economics, Volume 56, pp-47-57

  • Peiris, M.U. and Vardoulakis, A.P., 2013, Savings and Default, Economic Theory, September, Volume 54, Issue 1, pp 153-180.

  • Goodhart, CAE., Peiris, M.U. and Tsomocos, D.P., 2013, Global Capital Imbalances and Taxing Capital Flows, International Journal of Central Banking, June

     

Notes

Udara Peiris Presented Paper at World Congress of the Econometric Society

Associate Professor of Financial Economics Udara Peiris presented his paper, “Corporate Legacy Debt, Inflation, and the Efficacy of Monetary Policy,” at the World Congress of the Econometric Society (August 18-22, 2025, Seoul, South Korea), the society’s flagship meeting, held every five years.

News

Get Down to Business with Cole Tashjian ’25

Cole Tashjian ’25 knew what he wanted when he came to Oberlin College, and got down to business to achieve it. As an economics major with minors in computer science and mathematics, he set himself up well to go into finance. This summer, he interned at Invesco, and used it as a stepping stone to set up his future career. Here, Cole talks about his role and successes.

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