Christian Ewald

Christian Ewald is a Professor of Financial Economics and Mathematics. He is affiliated with the Adam Smith Business School, University of Glasgow (UK). Christian’s fields of interest are Quantitative Finance, Financial Mathematics, Risk-Management, and Commodities. He was educated at the Universities of Mainz (MSc, Mathematics) and Heidelberg (PhD, Mathematics) and holds a higher doctorate (Habilitation, Doctor of Science) from the University of Kaiserslautern.  

Additional Information:

Associate Editor Quantitative Finance, Taylor and Francis
Associate Editor European Journal of Finance, Taylor and Francis

Current working papers (for published papers see Publications)

Ewald, Christian Oliver and Palmer, Scott, Evidence-Based Allocation of Emergency COVID-19 Support: A Real-World Policy Case from the Scottish Snowsports Sector (July 08, 2026). Available at SSRN: https://ssrn.com/abstract=7080399

Ewald, Christian Oliver and Zhang, Qi, Pricing of Continuously Monitored Bermudan Barrier Options via Recursive Static Replication (May 19, 2026). Available at SSRN: https://ssrn.com/abstract=6795261 or http://dx.doi.org/10.2139/ssrn.6795261

Ewald, Christian Oliver and Sun, Xiaotong and Haugom, Erik and Westgaard, Sjur, Pricing Sustainability or Pricing Illiquidity? Evidence from ESG Index Futures (May 17, 2026). Available at SSRN: https://ssrn.com/abstract=6782018 or http://dx.doi.org/10.2139/ssrn.6782018

Haugom, Erik and Ewald, Christian Oliver and Chen, Xianwen and Smith-Meyer, Erik, Intraday Stylized Facts and the Shape of Volatility Build-Up in ICE Brent Crude Oil Futures (March 14, 2026). Available at SSRN: https://ssrn.com/abstract=6415578 or http://dx.doi.org/10.2139/ssrn.6415578

Ewald, Christian Oliver and Li, Yaoyu, Government Agencies Exposure and Corporate Green Innovation (January 30, 2026). Available at SSRN: https://ssrn.com/abstract=6153027

Chi, Haowen and Ewald, Christian Oliver and Zou, Yihan, Maritime Costs and Inflation: What Shipping Derivatives Markets Signal for Monetary Policy (January 15, 2026). Available at SSRN: https://ssrn.com/abstract=6076989 or http://dx.doi.org/10.2139/ssrn.6076989

Ewald, Christian Oliver and Pei, Tiancheng and Pei, Tiancheng and Zou, Yihan, On the Role of Uncertainty in Timing Environmental Policies (December 19, 2025). Available at SSRN: https://ssrn.com/abstract=5941614 or http://dx.doi.org/10.2139/ssrn.5941614

Ewald, Christian Oliver and Huang, Chuyao and Ren, Yuyu, The Transmission Mechanism Among Climate Change Risk, Carbon Emission Allowance, and China's Commodity Futures Markets (October 04, 2025). Available at SSRN: https://ssrn.com/abstract=5563501 or http://dx.doi.org/10.2139/ssrn.5563501

Ewald, Christian Oliver and Kamm, Kevin and Nolan, Charles and Zhang, Aihua, Aggregate Investment and Consumption in a Continuous Time Stochastic Blanchard-Yaari Model with CRRA Utility
(July 16, 2025). Available at SSRN: https://ssrn.com/abstract=5354255 or http://dx.doi.org/10.2139/ssrn.5354255

Agarwal, Ankush and Ewald, Christian Oliver and Zou, Yihan, A Computational Toolbox for Evaluating Commodity Project Investments under Ambiguity (July 16, 2025). Available at SSRN: https://ssrn.com/abstract=5354247 or http://dx.doi.org/10.2139/ssrn.5354247

Cao, Chenfang and Ewald, Christian Oliver and Zou, Yihan, Liquidity Risk, Jumps and the Pricing of Asian Options on Aluminum: Evidence from the London Metal Exchange (June 02, 2025). Available at SSRN: https://ssrn.com/abstract=5286594 or http://dx.doi.org/10.2139/ssrn.5286594

Ewald, Christian Oliver and Ouyang, Ruolan and Sun, Longguang, Biomass Futures Contracts for the Aquaculture Sector: An Exploration  (May 01, 2025). Available at SSRN: https://ssrn.com/abstract=5263189 or http://dx.doi.org/10.2139/ssrn.5263189

Past Doctoral Students: 

Yajun Xiao (University of Frankfurt) Professour of Finance at Xian Jiatong Liverpool University

Wen-Kai Wang (University of St. Andrews) Professor of Finance in National University of Kaohsiung

Walailuck Chavanasporn (University of St. Andrews) Professor at King Mongkut's University of Technology North Bangkok

Johannes Geissler (University of St. Andrews) (Quantitative Analysist at FMS Wertmanagement)

Ian Gregory (University of Sydney) (Quant, Hedgefund Manager, Tokyo)

Marten Ting (University of Sydney) (Credit Risk Analytics, Sydney)

Roy Nawar (University of Sydney) (Quantitative Analysist, MUFG, London)

Amalia Christoforidou (University of Glasgow) (Senior Quantitative Analysist at RWEST)

Hai Zhang (University of Glasgow) (Senior Lecturer in Finance, Strathclyde University, Glasgow)

Jilong Chen (University of Glasgow) (Lecturer at Jiangxi University of Finance and Economics)

Ruolan Ouyang (University of Glasgow) (Associate Professor in Finance, School of Economics, Jinan University, Guangzhou, China)

Yang Zhao (University of Glasgow) (Associate Professor in Finance at Central University of Finance and Economics, China)

Zong Zhe (University of Glasgow) (on the job market)

Yixiao Mao (University of Glasgow) (on the job market)

Pengcheng Song (University of Glasgow) (post-doc at Tsinghua University, Beijing)

Yuexiang Wu (University of Glasgow) (fund manager at Kingston Rayliant (Rayliant Global Advisors))

Yihan Zou (University of Glasgow) (Lecturer of Finance at University of Glasgow)

Yongjie Wang (University of Glasgow) (on the job market)

Tren Ma (University of Glasgow) (Assistant Professor, Nottingham University, UK)

Mathematical Finance