Professor Mervyn Lewis

Professor Mervyn K. Lewis is the Professor of Banking and Finance, in the School of Commerce, Division of Business, of the University of South Australia, City West Campus.

Professor Lewis is located in room WL3-42 (Way Lee Building, Level 3, Room No. 42) at the City West Campus, North Terrace West, South Australia.

Postal contact should be to:

Professor Mervyn K. Lewis
School of Commerce
Division of Business
University of South Australia
GPO Box 2471
ADELAIDE SA 5001
Australia

Click here for current CV

Click here for brief biographical details

Click here for list of publications on Public Private Partnerships

Click here for listing of Islamic publications

1965 B.Ec. (Honours, first class), Adelaide.

1978 Ph.D, Adelaide (Thesis "Time Lags and the Effectiveness of Monetary Policy in Australia") pp.654.

1986 FASSA, Fellow of the Academy of the Social Sciences in Australia.

Professor Lewis has published 21 books, 65 journal articles and 76 chapters of books. His publications and research activities since 2000 are listed below.

AUTHORED BOOKS (since 2000)

Monetary Economics, Oxford University Press, Oxford 2000 (With P Mizen) 1-473, ISBN 0-19-829062-4. Chinese language edition 2008.

Islamic Banking, Edward Elgar, Cheltenham 2001 (with L M Algaoud) 1-274, ISBN 1 85898 808 (cased) Indonesian edition, 2007

Public Private Partnerships: the worldwide revolution in infrastructure provision and project finance, Edward Elgar, Cheltenham, 2004 (with D. Grimsey), 1-268, ISBN 1 804064 711 6 (cased). Reprinted 2005, 2006, paperback edition 2007. Chinese language edition 2008.(e) 978 1 84542 343 8

Winner of the Blake Dawson Waldron Prize for Business Literature, 2005

Reforming China's state-owned enterprises and banks, Edward Elgar, Cheltenham, 2006 (with Becky Chiu), 1-438, ISBN 1 84376 7589 / 978 1 84376 7589 (e) 978 1 84542 988 1

Untangling the US Deficit. Evaluating Causes, Cures and Global Imbalances, Edward Elgar, Cheltenham, 2007 (with Richard Iley) 1-272, ISBN 1 84542 920 6/ 978 1 84542 920 1(e) 978 1 84720 7050

An Islamic Perspective on Governance, Edward Elgar, Cheltenham, 2009 (with Zafar Iqbal), 1-368, ISBN 978 1 84720 138 6

EDITED BOOKS (since 2000)

The Economics of Public Private Partnerships. The International Library of Critical Writings in Economics, Edward Elgar, Cheltenham, 2005 (edited with D. Grimsey), 1-584, ISBN 1 84376 249 8

The Handbook of Islamic Banking, Edward Elgar, Cheltenham, 2007 edited with M. Kabir Hassan), 1-443, ISBN 1 84542 0837 Paperback edition 2009 ISBN 978 1 84844 4737 (e) 978 1 8472 5414

Islamic Finance. The International Library of Critical Writings in Economics, Edward Elgar, Cheltenham, 2007 (edited with M. Kabir Hassan), 1-670, ISBN 1 8476 313 3/978 1 84376 313 0.

FOREIGN LANGUAGE VOLUMES

Perbankan Syarish, Prinsip, Praktik, dam Prospek, (diterjemahkan dari Islamic Banking, with L M Algaoud, Edward Elgar, Massachusetts 2001) was published by P T Serambi Ilmu Semesta, Jakarta, 2007 ISBN 978-979-1275-80-4

Public Private Partnerships. The Worldwide Revolution in Infrastructure Provision and Project Finance,(with D Grimsey). Governing and Reforming Series, Public Administration and Public Management Classics, Shanghai 2008 ISBN 978-7-300-08724-5/D.1706

Monetary Economics (with P D Mizen). Translated by arrangement with Oxford University Press for sale in the Mainland of The People's Republic of China. Economics Science Press, Beijing 2008 ISBN 978-7-5058-6906-6

REFEREED JOURNAL ARTICLES (since 2000)

‘Cooperative Strategies in Resource Recovery: the example of Regional South Australia,’ Nase Gospodursiro (Our Economy) 46 (5-6) 2000, 660-678 (with A K Lewis)

‘The Political Economy of Currency Boards in the Balkans’ MOCT-MOST 3-4, 2000, 285-310 (with Z Sevic)

‘Islam and Accounting’ Accounting Forum 25(2), 2001, 103-127

‘Evaluating the Risks of Public Private Partnerships for Infrastructure Projects’, International Journal of Project Management, 20 (2), 2002, 107-118 (with D Grimsey)

‘Governance and Corruption: Can Islamic Societies and the West Learn from Each Other?’ American Journal of Islamic Social Sciences, 19(2), 2002, 1-33 (with Z. Iqbal)

‘Accounting for Public Private Partnerships’ Accounting Forum 26 (3), 2002, 231-256 (with D. Grimsey). This article was listed in 2008 in the Social Science Research Network's Top Ten Download list for ARN Partners in Publishing Journals.

'Private infrastructure in European transition economies' European Journal of Management and Public Policy, 2 (1), 2003, 1-23

Real Estate Speculation as a Source of Banking and Currency Instability: Some Different Lessons from the Asian Crisis’ The Economics and Labour Relations Review, Volume 14 (2), 256-275 January 2004 (with B.L. Bentick)

'Discount debates: rates, risk, uncertainty and value for money in PPPs', Public Infrastructure Bulletin, Issue 3, March 2004, pp.4-7 (with D. Grimsey)

'Islamic Financing: An Introduction', European Journal of Management and Public Policy, 3 (1), 2004, 3-11

'Islamic Corporate Governance', Review of Islamic Economics, 9 (1), May 2005 pp 5-29

'The Australian tourism industry and cutural implications for global tourism', Tourism Culture and Communication, Vol 5, no. 3, 2005, 139-147 (with G. Wijesinghe)

'Are Public Private Partnerships Value for Money? Evaluating Alternative Approaches and Comparing Academic and Practitioner Views', Accounting Forum, December 2005 29(4), pp345-378 (with D. Grimsey)

'Islamic Finance: A System at the Crossroads?' Thunderbird International Business Review, Vol 49, no. 2, 2007, 151-60 (with M. Kabir Hassan)

'Product Development and Shariah Issues in Islamic Finance', Thunderbird International Business Review, Vol 49, no. 3, 2007, 281-4 (with M. Kabir Hassan)

'Islamic Takaful Business Models, Shariah Concerns and Proposed Solutions', Thunderbird International Business Review, Vol 49, no. 3, 2007, 371-397 (with Abdul Wahad and M. Kabir Hassan)

'It's a matter of principal', Monash Business Review, Vol 3, no. 1, 2007, 20-1, Full paper, 'Islamic banking in theory and practice' available on http://www.buseco.monash.edu.au/gsb/mbr/full-papers.php

'Public Private Partnerships and Public Procurement', Agenda. A Journal of Policy Analysis and Reform 2007, Vol 14, no.2, 2007, 171-188 (with D Grimsey)

'Ends and means in Islamic banking and finance', Review of Islamic Economics, 11(3) December 2007, 5-27 (with M. Kabir Hassan)

'In what ways does Islamic banking differ from conventional finance' Journal of Islamic Economics, Banking and Finance 4(3), 2008, 9-24

'The origins of the sub-prime crisis: Inappropriate policies, regulations, or both?' Accounting Forum, 33(2), 2009, 114-26

BOOK CHAPTERS (since 2000)

‘Interdisciplinary Research in Credit’, in Risk Behaviour and Risk Management in Business Life, B Green (ed), Kluwer Academic Publishers, Dordrecht 2000, 10-12

‘Introduction’, in Risk Behaviour and Risk Management in Business Life, B Green (ed), Kluwer Academic Publishers, Dordrecht 2000, 37-41

‘The Next Property Cycle: A Survival Kit for Banks’, in Risk Behaviour and Risk Management in Business Life, B Green (ed), Kluwer Academic Publishers, Dordrecht 2000, 98-110

‘Finance, Private’, in Wakefield Companion to South Australian History, W R Prest (ed) Wakefield Press Adelaide, (2001), 196-197

‘Money’, in Wakefield Companion to South Australian History, W R Prest (ed) Wakefield Press Adelaide, (2001), 360-361

“Governance Structures’, in Banking Reform in South East Europe, Z Sevic (ed) Edward Elgar, Cheltenham UK, 2002, 79-98

‘Currency Boards and Currency Arrangements in Transition Economies’, in Banking Reform in South East Europe, Z Sevic (ed) Edward Elgar, Cheltenham UK, 2002, 125-146

'Globalisation and Corporate Governance’ in Globalisation: Australian Regional Perspectives, M. Shanahan, and G. Treuren (eds), Wakefield Press, Adelaide, 2003, 66-94

'Towards the networked firm and the end of geography' in Globalisation: Australian Regional Perspectives, M.Shanahan and G.Treuren (eds), Wakefield Press, Adelaide, 2003, 169-197

‘Can the Australian Tourism Industry handle the cultural implications of global tourism?' in Globalisation: Australian Regional Perspectives, M. Shanahan, and G. Treuren (eds), Wakefield Press, Adelaide, 2003 (with G. Wijesinghe), 263-278

'Wealth creation through takaful (Islamic insurance), in The Creation of Islamic Wealth, ed M Iqbal and R Wilson, Edinburgh University Press, Edinburgh, 2005, 167-187

'Taking on the Critics of PPPs', in Accounting and Finance in Transition, Vol III, Z Sevic (ed), Greenwich University Press, London, 2006, pp 35-57

'Islamic banking: an introduction and overview,' in The Handbook of Islamic Banking, M. Kabir Hassan and M. K. Lewis (eds), Edward Elgar, Cheltenham, 2007 (with M. Kabir Hassan), pp. 1-17

'Islamic critique of conventional financing' in The Handbook of Islamic Banking, ed M. Kabir Hassan and MK. Lewis, Edward Elgar, Cheltenham, 2007 (with LM. Algaoud), pp. 38-48

'Comparing Islamic and Christian attitudes to usury' in The Handbook of Islamic Banking, ed M. Kabir Hassan and MK. Lewis, Edward Elgar, Cheltenham, 2007, pp. 64-81

'Advance Australia Flair'. An historical review of private participation in public infrastructure, in To Build a Nation, Infrastructure Partnerships Australia, Design Masters Press, Artarmon, NSW, 2007, 6-9 (with D Grimsey)

'The foundations and principles of accounting and accountability under Islam' in M Burrow (ed) Accounting and Finance in Transition, vol 4, Greenwich University Press, 2008, 50-69

'Are Public Private Partnerships a Viable Method of Providing Infrastructure?' in Flinders Economics Essays, Vol 2, Wakefield Press, Adelaide, 2009, 147-161

'Developing a Framework for Procurement Options Analysis" in Akintola Akintoye and Matthias Beck (eds), Policy, Finance and Management for Public-Private Partnerships, Wiley - Blackwell, Oxford, 2009 (with D Grimsey), 398 - 413

'An Islamic Economic Perspective on the Global Financial Crisis,' in Steve Kates (ed), Mainstream Economic Theory and its Failings: Alternative Perspectives on the Global Financial Crisis, Edward Elgar, Cheltenham, UK and Northampton, Mass. (forthcoming)

'Corporate Governance in Islamic Insurance (Takaful),' in Handbook of Islamic Auditing and Corporate Governance, R Haniffa and M Hubaid (eds), Edward Elgar, Cheltenham UK and Northampton, Mass. (forthcoming) (with M Kabir Hassan)

'Minimizing collateral damage: options for financing public private partnerships in the wake of the financial crisis' in Financial Institutions, Systems and Markets, ed. Chris Green, Max Hall, Eric Pentecost and Tom Weyman-Jones, Edward Elgar, Cheltenham UK and Northampton, Mass. (forthcoming) (with D. Grimsey)

OTHER PUBLICATIONS (since 2000)

‘Risk Management in Public Private Partnerships’, CeGE Discussion Paper 12, Georg-August Univerisitat, Goettingen, June 2001

'Challenges to the Takaful Industry’ New Horizon, 132, August/September 2003, 10-13

'Perspectives on Islam' Dialogue, Academy of the Social Sciences in Australia, 23(2), 2004, 71-77 (with Riaz Hassan)

'Mutually Beneficial' Islamic Finance, Vol 4, issue 28, July 2007, 17-18

'The sub-prime monster: when will the saga end?' Spectrum column, The Independent Weekly, August 8-14, 2008

'The Role of Islamic Investment Funds in Promoting Cross-Border Islamic Investments' Islamic Finance, Vol 5, Issue 41, October 2008, 22-23 (with Nurul Aini Muhamed)

EDITED JOURNALS

Special Issue of Economic Record (Volume 79, June 2003) from the 31st National Conference of Economists, Adelaide, September 30 – October 4, 2002 (edited with M. Shanahan, R. Barreto and P. D’Arcy)

Special Issue on Islamic Finance, European Journal of Management and Public Policy, Vol 3, No 1 2004(with M Kabir Hassan)

Special Issue on Islamic Finance: A system at the crossroads? Part 1, Thunderbird International Business Review, Vol 49, no. 2, March/April 2007 (edited with M. Kabir Hassan)

Special Issue on Islamic Finance: A system at the Crossroads? Part 2, Thunderbird International Business Review, Vol 49, No.3, May/June 2007 (edited with M. Kabir Hassan)

Special Issue on the Performance of the Islamic Banking and Financial Industry, Review of Islamic Economics, Vol 11, no. 3, December 2007 (edited with M. Kabir Hassan)

EDITORIAL BOARDS

Accounting Forum
European Journal of Management and Public Policy
Banks and Bank Systems
Borneo Journal of Business and Economics
Journal of Islamic Accounting and Business Research
Journal of Islamic Economics, Banking and Finance

NEW HORIZON SERIES

General Series Editor New Horizons in Money and Finance series

The first seven volumes in the series are:

Banking Reform in South East Europe, Z Sevic (ed) Edward Elgar, Cheltenham UK, 2002

Russian Banking, Evolution, Problems and Prospects, D Lane (ed), Edward Elgar, Cheltenham UK, 2002

Currency Crises, A Theoretical and Empirical Perspective, Andre Fourcans and Raphael Franck, Edward Elgar, Cheltenham UK, 2003

East Asia's Monetary Future, Suthiphand Chirathirat, Emil-Marca Claassen and Jürgen Schroeder, Edward Elgar, Cheltenham UK, 2004

Reforming China's state owned enterprises and banks, Becky Chiu and MK. Lewis, Edward Elgar, Cheltenham UK, 2006

Financial Innovation in Retail and Corporate Banking, Anderloni I, Llewellyn, DT and Schmidt, RH (eds), Edward Elgar, Cheltenham, UK and Northampton, Mass. 2009

An Islamic Perspective on Governance, Zafar Iqbal and M K Lewis, Edward Elgar, Cheltenham UK and Northampton, Mass. 2009

ISLAMIC FINANCE SERIES

Appointed General Editor in 2009 of the new series Studies in Islamic Finance, Accounting and Governance, (Edward Elgar, Cheltenham UK and Northampton, Mass). The series aims to bring together both Muslim and non-Muslim authors and to present a distinctive East-West perspective on these topics. It will provide a focal point for new studies that seek to analyse, interpret and resolve issues in finance, accounting and governance with reference to the methodology of Islam.

KEYNOTE SPEAKER AT CONFERENCES (since 2000)

'Public Private Partnerships', Key-note address, Pacific Rim Real Estate Society Conference, Adelaide, 2001

‘Islamic Banking from the Western Perspective’, the First International Conference on Islamic Banking, Finance and Insurance; reshaping Global Financial Architecture Through the Islamic System, Jointly organised by Universiti Malaysia Sabah, Labuan Offshore Financial Service Authority, Universiti Utara Malaysia – 3- - 31 January, 2002, Labuan, Malaysia

‘Corporate Governance in Six Cultures’, IPMI Graduate School of Business, Jakarta, 19 March, 2002

Western Perspectives on Islamic Banking to Board of Muhammadyah Economic Council at IPMI Graduate School of Business, Jakarta, 13 March, 2002

’Private Infrastructure in European Transition Economics’, First Greenwich International West-East Conference on Accounting and Finance in Transition, University of Greenwich, London, July 10-12, 2003

'Taking on the critics of PPPs' International Conference on Accounting and Finance in Transition: European and Asian Experiences and Public Policy Considerations, University of Greenwich, London, July 13-16, 2005

'The State of the PPP Markets in the Asia-Pacific Region'. Context Setting Address at the APEC Finance Ministers' Conference: Building the Markets to Support Public-Private Partnerships, Ho Chi Minh City, Vietnam, May 18, 2008

CONFERENCES/RESEARCH SEMINARS (since 2000)

‘Investor Activism, Corporate Governance, and International Financial Markets’, OSIPP International Conference on The Diversification of Asset Management and Personal Financial Services, Osaka School of International Public Policy, Osaka University, Feb 28 –March 1, 2001

‘The Importance of Risk Management in Public Private Partnerships’, Seminar on Risk and Credit Management, School of Business, University of Stockholm, June 8, 2001

‘Islamic Finance’, Seminar in Financial Management, Oeconomicum, Georg-August Universitat, Goettigen, June 13, 2001

‘Public Private Partnerships’, Research Seminar, Center for Globalization and Europeanization of the Economy, Goettigen, June 14, 2001

‘Governance and Corruption’, Research Seminar, Old Royal Naval College, University of Greenwich, London, July 6, 2001

‘Developing centralised business operations in a networked business environment’, Conference on Centralising Business Operations, Hyatt Regency, August 27-8, 2001

The Economy Beyond the Horizon, Indonesia Australia Business Council - Indonesia Australia Business Council Joint Business Conference, Indonesia: The Horizon Beyond, Bali International Convention Centre, Nusa Dua, Bali, 13-15 March, 2002 (shared H E Rini Mariana Soewandi, Indonesian Minister of Industry and Trade)

'Islamic Corporate Governance', Developing Islamic Banking and Capital Market. New Opportunities, New Markets and New Frontiers in Islamic Banking and Finance, Kuala Lumpur, 25-26 August, 2004

'The Principles of Islamic Corporate Governance' Critical Management Studies. Proceedings 2005, University of Cambridge, 4-6 July 2005

Are public private partnerships a viable method of providing infrastructure?' Conference to Celebrate the Founders of the Discipline of Economics at Flinders University, 30 September 2005

'Accountability and Islam', Fourth International Conference on Accounting and Finance, University of South Australia, April 2006

'An Historical Review on Private Participation in Public Infrastructure Sector Investment in Australia', Infrastructure Investment for Road and Rail, Conference 27th and 28th September 2006, Brisbane

Chairman and Raconteur, Day 2, Infrastructure Investment for Road and Rail, Conference 27th and 28th September 2006, Brisbane

Conference Chairman and Raconteur, Financing and Constructing Major Water Projects, Water Industry Alliance and the International Project Finance Association, Sydney, 8-9 May, 2007

Chairman and Commentator on the Kangaroo Bond Market, 13th Melbourne Money and Finance Conference, Brighton, June 1-3, 2008

'Ethical Business Principles in Islamic Business Transactions', Symposium on Islamic Banking and Finance, The National Centre of Excellence for Islamic Studies, University of Melbourne, November 20, 2008

'How different is Islamic banking from conventional finance', Melbourne Centre for Financial Studies Symposium, Islamic finance services: what role for Australia, RMIT, Melbourne, November 21, 2008

'An Overview of the Australian PPP Market', The Inaugural Queensland University of Technology Infrastructure Workshop, Brisbane, November 28, 2008

'Financing models for PPPs', Conference on Financial Institutions, Systems and Markets, University of Loughborough, Loughborough, UK, June 16, 2009

'Globalizing Islamic Investment Funds', Islamic Banking and Finance Symposium, Intercontinental Melbourne, The Rialto, July 6, 2009

Crawford Seminar, 'An Islamic Perspective on the Global Financial Crisis', Crawford School of Economics and Government, ANU College of Asia and the Pacific, September 1, 2009

Invited to participate in a Panel Session on 'The Future of Financial Regulation: Lessons from the Global Financial Crisis' at the 38th Australian Conference of Economists, University of Adelaide, September 28-30, 2009

OTHER PRESENTATIONS (since 2000)

'Public Private Partnerships for Infrastructure', Working Links seminar, University of South Australia, September, 2001

‘Islamic banking and finance’, Centre for Intercultural Studies and Multicultural Education, Adelaide University, February 19, 2002

'The Islamic approach to money, banking, and philanthropy' A wealth of experience. Building philanthropy, corporate citizenshp and community capacity, Philanthropy Australia, Melbourne, October 9-12, 2005

Chairman and Raconteur, ABN AMRO Roundtable discussion with Australian public sector infrastructure procurement stakeholders, Sydney, November 24, 2006

Organizer and Chairman. Special Presentation by Professor Bent Flyvbjerg, Aalborg University, Denmark on 'Delusion and Deception in Large Infrastructure Projects' ABN AMRO and University of South Australia, November 28, 2007

'The Origins and Consequences of the Sub-prime Crisis', Finance - the Big Questions, 2008 Successful Ageing Series, University of South Australia, July 11, 2008

SECURITIES COMMISSION MALAYSIA VISITING SCHOLAR

As the inaugural Securities Commission Malaysia-University of Malaya Visiting Scholar in Islamic Finance, the following lectures and seminars were presented in April 2009:

Public Lecture. Securities Commission. 'An Islamic economic perspective on the global financial crisis'.

Closed Lecture. Securities Commission. 'The origins of the sub-prime crisis: inappropriate policies, regulations, or both?'.

Public Lecture. University of Malaya. 'Takaful (Islamic Insurance)'.

Public Lecture. University of Malaya. 'In what ways does Islamic banking differ from conventional finance?'.

Public Lecture. University of Malaya. 'Islamic Investment Funds'.

Public Lecture. University of Malaya. 'Ethical Business Principles in Islamic Business Transactions'.

Closed Seminar. Academy of Islamic Studies. 'An open dialogue on Western perspectives on Islam'.

ASSA WORKSHOP

Joint convenor (with R. Hassan), Academy of Social Sciences in Australia Workshop on ‘Perspectives on Islam’, University of South Australia, November 28-29 2003

ARC NETWORK

Member of ARC Asia Pacific Futures Research Network. Islam Node, since inaugural meeting, University of Melbourne, May 2005

ARC SPIRT PROJECT

Member of research team for ARC SPIRT grant project, Incentives to Low Cost Housing in South Australia,, completed in 2004

WATER LAW GROUP

Key Researcher of the Centre for Comparative Water Policies and Law, with special responsibility for research in water finance, privatisation and public private partnerships.

EUROMED MARSEILLE

A week long course on Islamic Banking was given at the International Seminar held at EuroMed Marseille School of Management, an EQUIS partner, from April 2-6, 2007.

EXTERNAL ASSESSOR

Appointed in 2005 External Assessor for the Academy of Islamic Studies, Department of Syariah and Management at the University of Malaya. This appointment was renewed in 2008.

EXTERNAL EXAMINER

Appointed in 2009 as External Examiner for the BSc(Hons) Economics program and the BSc(Hons) Business Economics with Information Systems program at the University of Mauritius.

THE ANNE HAWKE PRIZE

Joint winner in 2003 for the best published research paper by a Division Staff Member for the article 'Evaluating the risks of public private partnerships for infrastructure projects' International Journal of Project Management 2002, 20(2):107-118 (with D Grimsey)

BLAKE DAWSON WALDRON PRIZE

Administered by the State Library of NSW, the $30,000 Blake Dawson Waldron Prize for Business Literature is the largest annual award for Australian business and finance writing, awarded to the book that has contributed most to business thought in Australia. Public Private Partnerships: the world wide revolution in infrastructure provision and project finance, Edward Elgar, Cheltenham, UK 2004, written with Darrin Grimsey, was the winner of the 2005 award announced at a special presentation in Sydney, April, 2006.

RESEARCH EXCELLENCE AWARD

Joint winner in 2007 of the University of South Australia, Division of Business, Research Excellence Award.

RESEARCH EXCELLENCE AWARD

Joint winner in 2007 of the University of South Australia, Division of Business, Research Excellence Award.

I am able to provide media comment in the following areas of expertise:

Discipline: Business

• Public Private Partnerships,
• Islamic Banking and Finance,
• Monetary Economics,
• State Owned Enterprise Reform, China,
• The US deficit, global imbalances and global financial crisis,
• Corporate Governance.