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Nektarios Michail

Central Bank of Cyprus

SCHOLARLY PAPERS

27

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Top 34,820

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3,675

TOTAL CITATIONS
Rank 19,924

SSRN RANKINGS

Top 19,924

in Total Papers Citations

70

Scholarly Papers (27)

1.

Measuring the Impact of Port Congestion on Containership Freight Rates

Maritime Transport Research, volume 8, 2025[10.1016/j.martra.2025.100130]
Number of pages: 14 Posted: 11 Jan 2023 Last Revised: 01 Feb 2025
Nektarios Michail and Konstantinos D. Melas
Central Bank of Cyprus and University of Piraeus - Department of Maritime Studies
Downloads 443 (164,314)

Abstract:

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shipping markets, freight rates, port congestion, high frequency analysis

2.

Container shipping trade and real GDP growth: A panel vector autoregressive approach

Nektarios A. Michail and Konstantinos D. Melas and Dimitris Batzilis, (2021) ''Container shipping trade and real GDP growth: A panel vector autoregressive approach'', Economics Bulletin, Vol. 41, Issue 2
Number of pages: 13 Posted: 08 Jan 2021 Last Revised: 14 Sep 2021
Nektarios Michail, Konstantinos D. Melas and Dimitris Batzilis
Central Bank of Cyprus, University of Piraeus - Department of Maritime Studies and Independent
Downloads 343 (221,253)
Citation 12

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Containerization, GDP, Panel Var

3.

Geopolitical risk and the LNG-LPG trade

Peace Economics, Peace Science and Public Policy, volume 28, issue 3, 2022[10.1515/peps-2022-0007]
Number of pages: 23 Posted: 01 Oct 2021 Last Revised: 15 Jul 2026
Nektarios Michail and Konstantinos D. Melas
Central Bank of Cyprus and University of Piraeus - Department of Maritime Studies
Downloads 280 (271,230)
Citation 4

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geopolitical risk, LNG, LPG, international trade, shipping

4.

The Relationship Between Shipping Freight Rates and Inflation in the Euro Area

International Economics, volume 172, 2022[10.1016/j.inteco.2022.08.004]
Number of pages: 26 Posted: 20 Jan 2022 Last Revised: 15 Jul 2026
Nektarios Michail, Konstantinos D. Melas and Lena Cleanthous
Central Bank of Cyprus, University of Piraeus - Department of Maritime Studies and Central Bank of Cyprus
Downloads 278 (279,442)
Citation 14

Abstract:

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inflation, shipping, freight rates, supply shock

5.

The Relationship Between Commodity Prices and Freight Rates in the Dry Bulk Shipping Segment: A Threshold Regression Approach

Maritime Transport Research, volume 2, 2021[10.1016/j.martra.2021.100025]
Number of pages: 12 Posted: 27 Oct 2020 Last Revised: 15 Jul 2026
Konstantinos D. Melas and Nektarios Michail
University of Piraeus - Department of Maritime Studies and Central Bank of Cyprus
Downloads 234 (328,850)

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commodities, dry bulk, shipping freight rates, threshold regression

6.

A Cointegrating Stock Trading Strategy: Application to Listed Tanker Shipping Companies

Journal of Shipping and Trade, volume 4, issue 1, 2019[10.1186/s41072-019-0049-2]
Number of pages: 10 Posted: 27 Nov 2018 Last Revised: 15 Jul 2026
Nektarios Michail and Konstantinos D. Melas
Central Bank of Cyprus and University of Piraeus - Department of Maritime Studies
Downloads 180 (428,796)
Citation 2

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trading, cointegration, tanker, stock market

7.

COVID-19 and the Energy Trade: Evidence from Tanker Trade Routes

The Asian Journal of Shipping and Logistics, volume 38, issue 2, 2022[10.1016/j.ajsl.2021.12.001]
Number of pages: 10 Posted: 21 Mar 2021 Last Revised: 15 Jul 2026
Nektarios Michail and Konstantinos D. Melas
Central Bank of Cyprus and University of Piraeus - Department of Maritime Studies
Downloads 165 (456,852)

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shipping, tanker markets, freight rates, COVID-19, coronavirus

8.

Containership New-Building Orders and Freight Rate Shocks: A ‘Wait and See’ Perspective

The Asian Journal of Shipping and Logistics, Volume 39, Issue 1, March 2023, Pages 30-37 https://doi.org/10.1016/j.ajsl.2023.01.001
Number of pages: 8 Posted: 03 Jun 2021 Last Revised: 12 Apr 2023
Nektarios Michail and Konstantinos D. Melas
Central Bank of Cyprus and University of Piraeus - Department of Maritime Studies
Downloads 153 (488,442)
Citation 6

Abstract:

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shipping markets, containerships, impulse responses

9.

Can commodity prices predict stock market returns? The case of dry bulk shipping companies

Number of pages: 14 Posted: 10 Nov 2021
Nektarios Michail and Konstantinos D. Melas
Central Bank of Cyprus and University of Piraeus - Department of Maritime Studies
Downloads 146 (508,926)

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shipping, dry bulk market, commodities, principal component analysis

10.

Business investment in EU countries

ECB Occasional Paper No. 215
Number of pages: 101 Posted: 30 Oct 2018
European Central Bank, Bank of Greece, Bank of Finland, Deutsche Bundesbank, Bank of Latvia, De Nederlandsche Bank, Bank of Italy, Bank of Portugal, European Central Bank (ECB), Central Bank of Ireland, Banco de España, Deutsche Bundesbank, Central Bank of Cyprus, Bank of Greece, De Nederlandsche Bank - Research Department, Croatian National Bank, European Central Bank (ECB), Bank of Italy, Národná banka Slovenska, National Bank of Denmark, Bank of Portugal and Banco de España
Downloads 128 (565,439)
Citation 5

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business investment, uncertainty, monetary policy, capital misallocation

11.

Disentangling Geopolitical Shocks and Oil Shipping Rates: Clean vs Dirty Tankers

Number of pages: 27 Posted: 07 May 2025
Nektarios Michail and Konstantinos D. Melas
Central Bank of Cyprus and University of Piraeus - Department of Maritime Studies
Downloads 120 (617,542)

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Freight rates, tankers, geopolitical risk, international trade JEL Classification: E31

12.

Shipping Markets in Turmoil: An Analysis of the COVID-19 Outbreak and Its Implications

Michail, N. A., & Melas, K. D. (2020). Shipping markets in turmoil: An analysis of the Covid-19 outbreak and its implications. Transportation Research Interdisciplinary Perspectives, 7, 100178, https://doi.org/10.1016/j.trip.2020.100178
Number of pages: 9 Posted: 15 Oct 2020
Nektarios Michail and Konstantinos D. Melas
Central Bank of Cyprus and University of Piraeus - Department of Maritime Studies
Downloads 119 (604,538)
Citation 15

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13.

Econometric Insights into LNG Carrier Port Congestion and Energy Inflation: A Data-Driven Approach

Commodities, volume 3, issue 4, 2024[10.3390/commodities3040026]
Number of pages: 10 Posted: 05 Jun 2023 Last Revised: 24 Jan 2025
University of Plymouth - Plymouth Business School, Central Bank of Cyprus and University of Piraeus - Department of Maritime Studies
Downloads 118 (613,149)

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Liquified Natural Gas, Energy Inflation, European Union, Maritime Economics

14.

Volatility Spillovers Among the Major Commodities: A Review

 Journal of Risk and Financial Management 17, no. 8: 365. https://doi.org/10.3390/jrfm17080365
Number of pages: 35 Posted: 01 May 2024 Last Revised: 24 Jan 2025
University of Piraeus - Department of Maritime Studies, Metropolitan College, Greece, Central Bank of Cyprus and Metropolitan College, Greece
Downloads 104 (679,608)

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Volatility Spillover, Gold, Silver, Aluminum, Copper, Platinum, Oil, Gas, Soybeans, Corn, Wheat

15.

Determinants of Ship-Management Revenues: The Case of Cyprus

Konstantinos D. Melas, and Kyriaki G. Louca. 2023. Determinants of Ship Management Revenues: The Case of Cyprus. Economies 11: 184. https://doi.org/10.3390/economies11070184
Number of pages: 12 Posted: 26 Apr 2023 Last Revised: 10 Jul 2023
Nektarios Michail, Konstantinos D. Melas and Kyriaki G. Louca
Central Bank of Cyprus, University of Piraeus - Department of Maritime Studies and University of Cyprus
Downloads 94 (725,554)
Citation 1

Abstract:

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shipping, ship-management, freight rates, Bayesian VAR

16.

Buy Together, but Recycle Alone: Sentiment-Driven Herding Behavior in Oceanic Dry Bulk Shipping

Number of pages: 28 Posted: 08 Jan 2021 Last Revised: 05 May 2021
Konstantinos D. Melas and Nektarios Michail
University of Piraeus - Department of Maritime Studies and Central Bank of Cyprus
Downloads 86 (777,583)
Citation 5

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shipping markets, dry bulk, real assets, sentiment, herding behavior, threshold regression

17.

Sentiment-Augmented Supply and Demand Equations for the Dry Bulk Shipping Market

Michail NA, Melas KD. Sentiment-Augmented Supply and Demand Equations for the Dry Bulk Shipping Market. Economies. 2021; 9(4):171. https://doi.org/10.3390/economies9040171
Number of pages: 14 Posted: 30 Oct 2020 Last Revised: 10 Nov 2021
Nektarios Michail and Konstantinos D. Melas
Central Bank of Cyprus and University of Piraeus - Department of Maritime Studies
Downloads 82 (796,622)
Citation 1

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shipping markets, demand; supply, sentiment; dry bulk, three-stage least squares

18.

Shipping, carbon pricing, and inflation pass-through: The Silent Absorber hypothesis

Research in Transportation Economics, volume 116, 2026[10.1016/j.retrec.2026.101726]
Number of pages: 19 Posted: 03 Jan 2025 Last Revised: 14 Jul 2026
Konstantinos D. Melas and Nektarios Michail
University of Piraeus - Department of Maritime Studies and Central Bank of Cyprus
Downloads 79 (823,616)
Citation 1

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CO2 emissions, carbon prices, shipping, maritime economics

19.

Market Interactions Between Agricultural Commodities and the Dry Bulk Shipping Market

Michail, N. A., & Melas, K.D. Market interactions between agricultural commodities and the dry bulkshipping market. The Asian Journal of Shipping and Logistics (2020), https://doi.org/10.1016/j.ajsl.2020.07.003
Number of pages: 9 Posted: 14 Dec 2020
Nektarios Michail and Konstantinos D. Melas
Central Bank of Cyprus and University of Piraeus - Department of Maritime Studies
Downloads 78 (816,709)
Citation 2

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agricultural commodities, dry bulk, shipping freight rates, cointegration, variance decomposition

20.

Quantifying the Relationship Between Seaborne Trade and Shipping Freight Rates: A Bayesian Vector Autoregressive Approach

Michail, N.A., Melas, K.D. ,(2020),"Quantifying the relationship between seaborne trade and shipping freight rates: A Bayesian vector autoregressive approach", Martime Transport Research, p.100001, doi: 10.1016/j.martra.2020.100001
Number of pages: 10 Posted: 19 Jan 2021
Nektarios Michail and Konstantinos D. Melas
Central Bank of Cyprus and University of Piraeus - Department of Maritime Studies
Downloads 76 (837,727)
Citation 1

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shipping markets, freight rates, seaborne trade, bayesian vector autoregression

21.

Anchored or Setting Sail? Stakeholder Perceptions of Artificial Intelligence in Maritime Transport

Number of pages: 17 Posted: 12 Aug 2025
University of Piraeus - Department of Maritime Studies, Central Bank of Cyprus, National and Kapodistrian University of Athens and University of Macedonia - Department of Economics
Downloads 70 (891,180)

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Artificial Intelligence, Shipping Companies, Greece

22.

Intra Euro Area Capital Flows and the Current Account Balance

Number of pages: 45 Posted: 23 Sep 2018
Nektarios Michail and Andreas Savvides
Central Bank of Cyprus and Cyprus University of Technology
Downloads 70 (875,328)

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Foreign Capital Flows, Euro Area, Current Account

23.

To Create or to Redistribute? That is the Question

Number of pages: 80 Posted: 08 Mar 2021
Cyprus University of Technology - Department of Commerce, Central Bank of Cyprus, Central Bank of Cyprus and Cyprus University of Technology - Department of Commerce, Finance and Shipping
Downloads 67 (907,769)

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investment, business cycles, asset redistribution, inequality, capital misallocation

24.

How Long Do We Keep Up With the Joneses? Herding Time Horizons in the Dry Bulk Shipping Markets

The Asian Journal of Shipping and Logistics, https://doi.org/10.1016/j.ajsl.2021.03.002
Number of pages: 8 Posted: 06 Feb 2021 Last Revised: 21 Mar 2021
Nektarios Michail and Konstantinos D. Melas
Central Bank of Cyprus and University of Piraeus - Department of Maritime Studies
Downloads 51 (1,052,702)
Citation 1

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shipping markets, dry bulk, herding behavior, impulse responses

25.

Inflation in Transit: The Freight-PPI Connection

Economics Letters, volume 256, 2025[10.1016/j.econlet.2025.112637]
Number of pages: 3 Posted: 12 Jun 2025 Last Revised: 14 Jul 2026
Nektarios Michail and Konstantinos D. Melas
Central Bank of Cyprus and University of Piraeus - Department of Maritime Studies
Downloads 49 (1,086,013)

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Producer Price Index (PPI), Freight Rates, Inflation Transmission, Vector Error Correction Model (VECM) JEL Classification: E31

26.

Price Decomposition and Asymmetry in Various Regimes of the Economy

Number of pages: 39 Posted: 19 Jul 2021 Last Revised: 23 Aug 2021
Demetris Koursaros, Nektarios Michail and Christos S. Savva
Cyprus University of Technology - Department of Commerce, Central Bank of Cyprus and Cyprus University of Technology - Department of Commerce, Finance and Shipping
Downloads 35 (1,249,711)

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markup, marginal cost, Markov-switching, GIRF, asymmetry, inflation

27.

Regime-Dependent Inflation Transmission from Oil and Shipping Costs: Evidence from the Euro Area

Number of pages: 28 Posted: 02 Apr 2026
Christina Anderl, Konstantinos D. Melas and Nektarios Michail
Bank of England, University of Piraeus - Department of Maritime Studies and Central Bank of Cyprus
Downloads 27 (1,470,786)

Abstract:

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Inflation, Shipping Costs, Oil Prices, Geopolitical Risk, Threshold VAR