Anthony Saunders is the John M. Schiff Professor of Finance at New York University Stern School of Business and is currently on the Executive Committee of the Salomon Center of the Study of Financial Institutions. He teaches "Market and Liquidity Risk" in the Risk Management Open Enrollment program for Stern Executive Education Archived 2010-08-10 at the Wayback Machine . Saunders also teaches for both the Master of Science in Global Finance (MSGF) and Master of Science in Risk Management Program for Executives (MSRM). MSGF [1] is jointly offered by NYU Stern and the Hong Kong University of Science and Technology. MSRM [2] is offered by NYU Stern, in partnership with the Amsterdam Institute of Finance. [3]
Saunders has taught both undergraduate and graduate level courses at NYU since 1978, and his teaching and research have specialized in financial institutions and international banking. He has also served as a visiting professor all over the world, including at INSEAD, the Stockholm School of Economics, and the University of Melbourne. [4]
Saunders holds positions on the Board of Academic Consultants of the Federal Reserve Board of Governors as well as on the Council of Research Advisors for the Federal National Mortgage Association. In addition, he has acted as a visiting scholar at the comptroller of the Currency and at the Federal Monetary Fund. [4]
Saunders is an editor of the Journal of Banking and Finance and the Journal of Financial Markets, Instruments and Institutions, and is an associate editor of eight other journals, including Financial Management and the Journal of Money, Credit and Banking. He has written two books and over 70 books, and his research has been published in all of the major finance and banking journals and in several books. [4] [5] [6]
Saunders received his BS, MS, and PhD from the London School of Economics. [4]
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, which is the study of production, distribution, and consumption of money, assets, goods and services . Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance.
Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by underwriting or acting as the client's agent in the issuance of debt or equity securities. An investment bank may also assist companies involved in mergers and acquisitions (M&A) and provide ancillary services such as market making, trading of derivatives and equity securities, FICC services or research. Most investment banks maintain prime brokerage and asset management departments in conjunction with their investment research businesses. As an industry, it is broken up into the Bulge Bracket, Middle Market, and boutique market.
The Glass–Steagall legislation describes four provisions of the United States Banking Act of 1933 separating commercial and investment banking. The article 1933 Banking Act describes the entire law, including the legislative history of the provisions covered herein.
Credit risk is the possibility of losing a lender holds due to a risk of default on a debt that may arise from a borrower failing to make required payments. In the first resort, the risk is that of the lender and includes lost principal and interest, disruption to cash flows, and increased collection costs. The loss may be complete or partial. In an efficient market, higher levels of credit risk will be associated with higher borrowing costs. Because of this, measures of borrowing costs such as yield spreads can be used to infer credit risk levels based on assessments by market participants.
Aswath Damodaran, is a Professor of Finance at the Stern School of Business at New York University, where he teaches corporate finance and equity valuation.
The following outline is provided as an overview of and topical guide to finance:
David Yermack is an American academic who serves as a professor of finance at the New York University Stern School of Business, and adjunct professor of law at New York University School of Law. Professor Yermack also teaches for the Master of Science in Global Finance (MSGF), a joint program between Stern and the Hong Kong University of Science and Technology.
Marti G. Subrahmanyam is the Charles E. Merrill Professor of Finance at the Stern School of Business at New York University. He also teaches for the Master of Science in Global Finance (MSGF), which is a joint program between Stern and the Hong Kong University of Science and Technology. Professor Subrahmanyam is best known for his research in the areas of corporate finance, capital markets and international finance.
Edward I. Altman is a Professor of Finance, Emeritus, at New York University's Stern School of Business. He is best known for the development of the Altman Z-score for predicting bankruptcy which he published in 1968. Professor Altman is a leading academic on the High-Yield and Distressed Debt markets and is the pioneer in the building of models for credit risk management and bankruptcy prediction.
George S. Oldfield is a financial economist. He has been published extensively, and is cited for his work on the effects of a firm's unvested pension benefits on its share price published in the Journal of Money, Credit and Banking in 1977.
The National Institute of Bank Management is an autonomous institute located in Pune, India. It is an autonomous, apex institution for research, training, education and consultancy in bank management.
Ingo Walter is a professor of finance, corporate governance and ethics as well as Vice Dean of Faculty at New York University's Stern School of Business.
Amsterdam Institute of Finance, or AIF, is a financial training institute for international finance specialists and other professionals based in Amsterdam, The Netherlands where it offers open enrollment training programs.
Richard Eugene Sylla is the chairman of the board of trustees of the Museum of American Finance.
Edwin Elton is a Nomura Professor of Finance at New York University Stern School of Business and Academic Director of the Stern Doctoral Program. Professor Elton also teaches for the Master of Science in Global Finance (MSGF), which is a joint program between Stern and the Hong Kong University of Science and Technology.
Menachem Brenner is a professor of finance and a Bank and Financial Analysts Faculty Fellow at New York University Stern School of Business. He teaches a course in options and futures, along with an introduction to finance course. Brenner also teaches for the Master of Science in Global Finance (MSGF), which is a joint program between Stern and the Hong Kong University of Science and Technology.
Jennifer N. Carpenter is an American finance academic best known for her pioneering research into executive stock options. Other interests include fund manager compensation, survivorship bias, corporate bonds, and option pricing. She has been published in numerous journals including the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, and the Journal of Business.
Alexander Ljungqvist is a Swedish economist, educator, scholar, writer, and speaker. He is a professor of finance at the Stockholm School of Economics, where he is the inaugural holder of the Stefan Persson Family Chair in Entrepreneurial Finance. His areas of expertise include corporate finance, investment banking, initial public offerings, entrepreneurial finance, private equity, venture capital, corporate governance, and asset pricing. Professor Ljungqvist teaches MBA and executive courses in private equity and venture capital and a PhD course in corporate finance.
New York University (NYU) Stern Global Programs offer three advanced degree programs in partnership with international schools.
In economics, implicit contracts refer to voluntary and self-enforcing long term agreements made between two parties regarding the future exchange of goods or services. Implicit contracts theory was first developed to explain why there are quantity adjustments (layoffs) instead of price adjustments in the labor market during recessions.