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Stuart M. Turnbull is Professor Emeritus, the Bauer College of Business at the University of Houston. Stuart has authored over sixty academic papers in the areas of financial economics, law and economics, and the general area of derivatives. He is currently an associate editor Journal of Credit Risk and the International Journal of Theoretical and Applied Finance. He was the editor of the Journal of Credit Risk and an associate editor of the Journal of Derivatives, Journal of Finance and Mathematical Finance.
He is a member of the Advisory Board of the International Review of Applied Financial Issues and Economics, and the International Review of Banking and Financial Studies. He is an individual member of the Centre for Financial Industries, the Fields Institute. He has published two books on derivatives. His current research is focused on (a) pricing credit risky securities, (b) the impact of news on the price dynamics of oil futures and (c) pricing contracts in commodity markets.
He was a Senior Vice President, Fixed Income Research, Lehman Brothers, New York. Prior to joining Lehman Brothers, he was Vice President, Risk Management Division, Canadian Imperial Bank of Commerce, Toronto, Ontario. He was the Bank of Montreal Chair of Banking and Finance and Professor of Economics at Queen’s University and Professor of Economics, University of Toronto.
He holds a Ph.D. in Financial Economics from the University of British Columbia, a M.Sc. and DIC in Statistics and Operational Research and a B.Sc. and ARCS in Physics from the Imperial College of Science and Technology (London, U. K.).
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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.
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.
John C. Hull is a Professor of Derivatives and Risk Management at the Rotman School of Management at the University of Toronto.
Frederic Stanley "Rick" Mishkin is an American economist and Alfred Lerner professor of Banking and Financial Institutions at the Graduate School of Business, Columbia University. He was a member of the Federal Reserve Board of Governors from 2006 to 2008.
Robert Alan Jarrow is the Ronald P. and Susan E. Lynch Professor of Investment Management at the Johnson Graduate School of Management, Cornell University. Professor Jarrow is a co-creator of the Heath–Jarrow–Morton framework for pricing interest rate derivatives, a co-creator of the reduced form Jarrow–Turnbull credit risk models employed for pricing credit derivatives, and the creator of the forward price martingale measure. These tools and models are now the standards utilized for pricing and hedging in major investment and commercial banks.
The following outline is provided as an overview of and topical guide to finance:
David X. Li is a Chinese-born Canadian quantitative analyst and actuary who pioneered the use of Gaussian copula models for the pricing of collateralized debt obligations (CDOs) in the early 2000s. The Financial Times has called him "the world’s most influential actuary", while in the aftermath of the global financial crisis of 2008–2009, to which Li's model has been partly credited to blame, his model has been called a "recipe for disaster" in the hands of those who did not fully understand his research and misapplied it. Widespread application of simplified Gaussian copula models to financial products such as securities may have contributed to the global financial crisis of 2008–2009. David Li is currently an adjunct professor at the University of Waterloo in the Statistics and Actuarial Sciences department.
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 EducationArchived 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 is jointly offered by NYU Stern and the Hong Kong University of Science and Technology. MSRM is offered by NYU Stern, in partnership with the Amsterdam Institute of Finance.
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.
Hyun Song Shin (Korean: 신현송) is a South Korean economic theorist and financial economist who focuses on global games. He has been the Economic Adviser and Head of Research of the Bank for International Settlements (BIS) since May 1, 2014.
William R. M. Perraudin is a British economist. He is an adjunct professor and former Chair of Finance at Imperial College London, specialising in the fields of risk and pricing of debt instruments. He is a director of the risk management software and consultancy firm Risk Control Limited.
Riccardo Rebonato is Professor of Finance at EDHEC Business School and EDHEC-Risk Institute, Scientific Director of the EDHEC Risk Climate Impact Institute (ERCII), and author of journal articles and books on Mathematical Finance, covering derivatives pricing, risk management, asset allocation and climate change. Prior to this, he was Global Head of Rates and FX Analytics at PIMCO.
Alan D. White is a University of Toronto finance professor, a specialist in financial engineering, best known for the Hull-White interest rate model and associated numerical procedures, authored with John Hull.
Gikas A. Hardouvelis is the Chairman of the Board of Directors of the National Bank of Greece (NBG), and Professor of Finance and Economics in the Department of Banking and Financial Management of the University of Piraeus in Greece.
Loretta J. Mester is president and CEO of the Federal Reserve Bank of Cleveland.
Edward J. Kane was an American economist and writer. He was a long-time student of incentive conflict in financial regulation and in crisis-management policies. His writing contends that too-big-to-fail policies are rooted in the cultural norms of major central banks around the world.
Zvi Wiener is a Professor of Finance and the former dean of the Hebrew University Business School Business administration at the Hebrew University of Jerusalem.
Rama Cont is the Professor of Mathematical Finance at the University of Oxford. He is known for contributions to probability theory, stochastic analysis and mathematical modelling in finance, in particular mathematical models of systemic risk. He was awarded the Louis Bachelier Prize by the French Academy of Sciences in 2010.
Zhiguo He is a Chinese financial economist serving as the Fuji Bank and Heller Professor of Finance at the University of Chicago Booth School of Business, where he has taught since 2008. He is also a research associate at the National Bureau of Economic Research, executive editor of Review of Asset Pricing Studies, faculty director of BFI-China at the Becker Friedman Institute for Research in Economics, faculty co-director of the Fama-Miller Center, member of the academy committee at the Luohan Academy, and special-term Alibaba Foundation Professor of Finance at Tsinghua University. He earned his Ph.D. from the Kellogg School of Management at Northwestern 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.
