Academic Credentials & Affiliations 

Education

2009 – 2013 London School of Economics and Political Science, London, UK

Ph.D., Pension Provisions and Pension Fund Management. 

(Ph.D. awarded on 31, July 2013; passed without corrections)

2008 – 2009 Cass Business School, London, UK 

MSc in Quantitative Finance

Academic achievement: Distinction

2007 – 2008 London School of Economics and Political Science, London, UK

MSc in Management

Academic achievement: Distinction

2003 – 2007 Chulalongkorn University, Bangkok, Thailand

B.Eng., Automotive Engineering

Academic achievement: First class honour (GPA 3.88/4.00), the highest score in the Mechanical department

Academic Background

Honours and Awards

2021 Invited to present the research paper on the topic “Price discovery of cryptocurrency markets in Thailand” at the SEC Symposium 2021.

2020 Invited to present the research paper on the topic “Understanding the dynamic of digital economy in the context of digital literacy of Thai households” at the Bank of Thailand Symposium 2020.

2018 CFA – SEC Best Paper Award 2018 ($1,000) on the topic “Essays on Open-Ended 

Equity Mutual Funds in Thailand”

Invited academic commentator – Bank of Thailand Symposium 2018 on the working paper “Mapping Thailand’s Financial Landscape: A Perspective through Balance Sheet Linkages and Contagion”.

2017 CFA – SEC Best Paper Award 2017 ($1,000) on the topic “A study of intraday trading behavior around tick size changes”

2009 3-year doctorial scholarship (£70,000) from Pension Corporation Ltd.

2007 Graduate Merit Award of £8,000 from the London School of Economics

2007 Gold medal from His Royal Highness Crown Prince Vajiralongkorn 

2007 Gold medal from Her Royal Highness Princess Maha Chakri Sirindhorn

2006 The 3rd prize from an electric car design competition, the Society of 

Automotive Engineers, Thailand

Published research papers:

- Ratanabanchuen, R. (2021). The Digital Economy: The New Frontier for growth of MSMEs in Thailand during and after the COVID-19 pandemic. Nomura Journal of Asian Capital Markets. Fall 2021.

- Ratanabanchuen, R. and K. Sangchote (2021). Chasing returns with high-beta stocks: Evidence from tax-privileged mutual funds in Thailand. Economics and Business Letters, 10(1), 37-44.

- Ratanabanchuen, R. (2020). Understanding the dynamic of digital economy in the context of digital literacy of Thai households. Working paper at the BOT symposium 2020. Access at: https://www.pier.or.th/wp-content/uploads/2020/09/Symposium2020_paper2_paper.pdf

- Ratanabanchuen, R. and K. Sangchote (2020). Institutional capital allocation and equity returns: Evidence from Thai mutual funds’ holdings. Finance Research Letters, 32.

- Ratanabanchuen, R., Budsaratragoon, P., Pisedtasalasai, A., Lhaopadchan, S., Seelajareon, R., Asavaroungpipop, N. and Raungsombut, N. (2019). The adequacy of savings in provident funds for retirement. Veridian E-Journal, 12 (4).

- Ratanabanchuen, R. (2019). The pension system in Thailand. Nomura Journal of Asian Capital Markets, Spring 2019.

- Ratanabanchuen, R. and K. Sangchote (2018). Institutional Capital Allocation and Equity Returns:  Evidence from Thai Mutual Funds’ Holdings. PIER Discussion Paper No.97.

- Ratanabanchuen, R. and K. Sangchote (2018). Chasing Returns with High-Beta Stocks. PIER Discussion Paper No.96.

- Ratanabanchuen, R. and P. Budsaratragoon (2018). Challenges of the pension system and policies for the elderly in Thailand. Government Pension Fund: 20th Anniversary book.

- Ratanabanchuen, R. (2017). Financial sustainability of microfinance institutions that provide elderly social welfare.  Applied Economics Journal, 24(1).

- Ratanabanchuen, R. (2017). Borrowing behavior and the improvement of production process through Microfinance.  NIDA Development Journal, 57(2).

- Ratanabanchuen, R., Budsaratragoon, P., Pisedtasalasai, A., Lhaopadchan, S., Seelajareon, R., & Asavaroungpipop, N. (2016). The Effectiveness of Financial Education on Making Investment Choices of Saving for Retirement. Chulalongkorn Business Review, 38 (150).

- Ratanabanchuen, R. (2013). Demographic Transition, Pension Schemes’ Investment and the Financial Market. PhD Thesis, The London School of Economics and Political Science (LSE). http://etheses.lse.ac.uk/701/

Book:

- Ratanabanchuen, R., editor (2021). Foundation knowledge for the professional management of a provident fund. Bangkok: Chindasan Printing House.

- Ratanabanchuen, R. (2020). Roles of central banks in the digital economy and the impact of central bank digital currency on the monetary policy. Bangkok: Chulalongkorn University Press.

- Ratanabanchuen, R. (2020). Digital literacy of Thai people and their preference in digital banking. Bangkok: Chulalongkorn University Press.

- Ratanabanchuen, R. (2020). Banking and Finance in the digital era 4.0 and the digital economy. Bangkok: Chulalongkorn University Press.

- Ratanabanchuen, R. (2018). The risk management and governance of saving cooperatives in Thailand. Chiang Mai, CM: Public Policy Studies Institute Foundation.

- Ratanabanchuen, R. (2015). The linkage of microfinance and the impact on production process: A case study at Trat province. In Microfinance and Micro-insurance with the inequality (pp.9-46). Chiang Mai, CM: Public Policy Studies Institute Foundation.

Research grants

- Topic: Database for the development of the National Retirement Readiness Index (2021)

Granting organization: Capital Market Development Fund

- Topic: Understanding the competitiveness of SMEs in the digital economy through the measurement of digital literacy and the development of SME digitization index: Stage 1 (2021)

Granting organization: National Research Council of Thailand

- Topic: Non-bank competition landscape in Thailand (2020)

Granting organization: Government Savings Bank

- Topic: Disruptive technology in the financial services industry: The impact on the economic system and the role of central bank in the next decades (2020)

Granting organization: National Research Council of Thailand

- Topic: The risk management and governance of saving cooperatives in Thailand (2018)

Granting organization: Thailand Research Fund

- Topic: The linkage of microfinance and the impact on production process: A case study at Trat province (2015)

Granting organization: Public Policy Studies Institute Foundation, Chiangmai University

- Topic:

o National Retirelemt Readiness Index (2020)

o The appropriate investment returns for the strategic asset allocation (SAA) of the Government Pension Fund (2019)

o Policy recommendations to increase saving rates (2018)

o The adequacy of minimum lump sum at retirement (2015)

Granting organization: Government Pension Fund (GPF)

- Topic: The establishment of pension fund for the Bangkok metropolitan officers (2018)

Granting organization: Bangkok Metropolitan Administratio

Field of Interest

Fund management, Market microstructure, Cryptocurrency, Digital literacy, Digital Economy