Manju Puri is an economist who currently works as the J. B. Fuqua Professor of Finance at the Fuqua School of Business at Duke University. [1]
She is an editor at the Review of Financial Studies [2] and currently the director of the American Finance Association. [3]
Puri is director of the Center for Financial Research at the Federal Deposit Insurance Corporation (FDIC). [4] In 2015–2016, she was on the Federal Reserve Board Model Validation Council. [5]
Puri has a Ph.D. in finance from New York University and holds an MBA from the Indian Institute of Management in Ahmedabad. [6] Before her career as an academic, she was a corporate banking executive at HSBC in London and Mumbai.
She started her academic career as an assistant professor at Stanford University and was promoted to associate professor in 2000. She left Stanford in 2003 to join Duke University.
She has held visiting positions at the Reserve Bank of India (2018–2019), the University of Amsterdam (2005), the Federal Reserve Bank of New York (2004 and 2012) and Yale University (1997-98). [7]
Puri's research focuses on empirical corporate finance, financial intermediation, banking, venture capital and entrepreneurship. She has published in the Journal of Finance, [8] the Review of Financial Studies, [9] the Journal of Financial Economics [10] and the American Economic Review. [11]
Her paper "Deposit Inflows and Outflows in Failing Banks: The Role of Deposit Insurance" [12] (with Chris Martin and Alexander Brenden Ufier) has won the best paper award from Financial Asset Management association. [13]
Her works have been cited more than 14000 times according to Google Scholar. [14]
Her research has been quoted in The New York Times, [15] [16] Forbes, [17] CNBC, [18] Fox Business [19] and The Atlantic. [20]
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.
The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the American banking system. More than one-third of banks failed in the years before the FDIC's creation, and bank runs were common. The insurance limit was initially US$2,500 per ownership category, and this has been increased several times over the years. Since the enactment of the Dodd–Frank Wall Street Reform and Consumer Protection Act in 2010, the FDIC insures deposits in member banks up to $250,000 per ownership category. FDIC insurance is backed by the full faith and credit of the government of the United States, and according to the FDIC, "since its start in 1933 no depositor has ever lost a penny of FDIC-insured funds".
The Philadelphia Savings Fund Society (PSFS), originally called the Philadelphia Saving Fund Society, was a savings bank headquartered in Philadelphia, Pennsylvania, United States. PSFS was founded in December 1816, the first savings bank to organize and do business in the United States. The bank would develop as one of the largest savings banks in the United States and became a Philadelphia institution. Generations of Philadelphians first opened accounts as children and became lifelong depositors.
The Community Reinvestment Act is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods. Congress passed the Act in 1977 to reduce discriminatory credit practices against low-income neighborhoods, a practice known as redlining.
Kalman J. Cohen was an American economist and among the pioneers of studying market microstructure. Cohen was the Distinguished Bank Research Professor at Duke University's Fuqua School of Business. He served at Duke since 1974. Prior to joining the Duke faculty, he was a tenured professor at Carnegie Mellon University and New York University. He also taught as a visiting professor in Sweden, Denmark, China, and Singapore.
Sheridan Dean Titman is a professor of finance at the University of Texas at Austin, where he holds the McAllister Centennial Chair in Financial Services at the McCombs School of Business. He received a B.S. degree (1975) from the University of Colorado and an M.S. (1978) and Ph.D. (1981) from Carnegie Mellon University.
Wachovia was a diversified financial services company based in Charlotte, North Carolina. Before its acquisition by Wells Fargo and Company in 2008, Wachovia was the fourth-largest bank holding company in the United States, based on total assets. Wachovia provided a broad range of banking, asset management, wealth management, and corporate and investment banking products and services. At its height, it was one of the largest providers of financial services in the United States, operating financial centers in 21 states and Washington, D.C., with locations from Connecticut to Florida and west to California. Wachovia provided global services through more than 40 offices around the world.
A community bank is a depository institution that is typically locally owned and operated. Community banks tend to focus on the needs of the businesses and families where the bank holds branches and offices. Lending decisions are made by people who understand the local needs of families, businesses and farmers. Employees often reside within the communities they serve.
CertusBank, N.A. was a full-service, nationally chartered bank, with a presence in twelve U.S. states. Headquartered in Greenville, South Carolina, with secondary corporate offices in Atlanta, Georgia and Charlotte, North Carolina, at its peak the bank operated more than 30 retail branches in The Carolinas, Florida, and Georgia. CertusBank, N.A. was a subsidiary of CertusHoldings, Inc. headquartered in Atlanta, Georgia and was created by former executives from Bank of America and Wachovia. The bank elected to go into liquidation in 2015. Creditors sued, and accepted a final settlement in 2017.
Campbell Russell "Cam" Harvey is a Canadian economist, known for his work on asset allocation with changing risk and risk premiums and the problem of separating luck from skill in investment management. He is currently the J. Paul Sticht Professor of International Business at Duke University's Fuqua School of Business in Durham, North Carolina, as well as a research associate with the National Bureau of Economic Research in Cambridge, Massachusetts. He is also a research associate with the Institute of International Integration Studies at Trinity College Dublin and a visiting researcher at the University of Oxford. He served as the 2016 president of the American Finance Association.
Silicon Valley Bank (SVB) was a state-chartered commercial bank headquartered in Santa Clara, California. It operated branches in California and Massachusetts. The bank was the primary subsidiary of SVB Financial Group, a publicly traded bank holding company that had offices in 15 U.S. states and over a dozen international jurisdictions.
Cross River is an American financial services organization that provides technology infrastructure to fintech and technology companies. Based in Fort Lee, New Jersey, Cross River services its clients with embedded payments, cards, lending, and cryptocurrency solutions, and is an FDIC member. Cross River is noted for its embrace of the trend in the financial services sector towards API-based payment platform services.
Signature Bank was an American full-service commercial bank headquartered in New York City and with 40 private client offices in the states of New York, Connecticut, California, Nevada, and North Carolina. In addition to banking products, specialty national businesses provided services specific to industries such as commercial real estate, private equity, mortgage servicing, and venture banking; subsidiaries of the bank provided equipment financing and investment services. At the end of 2022, the bank had total assets of $110.4 billion and deposits of $82.6 billion; as of 2021, it had loans of $65.25 billion.
The Society for Financial Studies (SFS) is a nonprofit, academic society in the field of finance. It owns and runs three academic journals: (1) the Review of Financial Studies, (2) the Review of Asset Pricing Studies, and (3) the Review of Corporate Finance Studies. It organizes the SFS Cavalcade North America and the SFS Cavalcade Asia-Pacific, which are annual academic conferences. It financially supports and co-sponsors many independent finance academic conferences. Its governing board is the SFS Council.
Paola Sapienza is an American and Italian economist. She is a member of the Kellogg School of Management faculty at Northwestern University. She is also a research associate at the NBER and CEPR. Her fields of interest include financial economics, cultural economics, and political economy.
Mara Faccio is an economist and currently the Duke Realty Chair in Finance and Professor of Finance at the Krannert School of Management at Purdue University.
Luc Laeven is a Dutch economist, Director-General of the Research Department of the European Central Bank 2015–present. Previously he held senior posts at the International Monetary Fund and the World Bank. He was also a Professor Finance at Tilburg University from 2009 to 2019. He has been a Research fellow at the Centre for Economic Policy Research in London since 2009.
Financial services are a highly important part of the economy of Jersey.
Rüdiger Fahlenbrach is a German economist specialised in finance. He is a professor of finance at EPFL and holds the Swiss Finance Institute Senior Research Chair.
In mathematics, the Chan–Karolyi–Longstaff–Sanders process is a stochastic process with applications to finance. In particular it has been used to model the term structure of interest rates. The CKLS process can also be viewed as a generalization of the Ornstein–Uhlenbeck process. It is named after K. C. Chan, G. Andrew Karolyi, Francis A. Longstaff, and Anthony B. Sanders, with their paper published in 1992.