Academics

Below is a list of members of the academic community who have studied and written about the OTC derivatives market.

Viral V. Acharya joined New York University Stern School of Business as a Professor of Finance in September 2008. Prior to joining NYU Stern, Professor Acharya was a Professor of Finance and Academic Director of the Private Equity Institute at the London Business School, a Research Affiliate of the Center for Economic Policy Research and an Academic Advisor to the Bank of England.

Andrew Ang
Finance and Economics Professor, Columbia Business School

Andrew Ang is a Research Associate of the National Bureau of Research and is the recipient of the National Science foundation. Professor Ang specializes in empirical asset pricing and applications of econometrics to financial problems. He has developed macro-models of fixed income, valuation models with time-varying expected returns, models of downside risk and other non-linearities in asset returns, and models of dynamic asset allocation.

Darrell Duffie
Distinguished Professor, Stanford University

Darrell Duffie is a Dean Witter Distinguished Professor of Finance at the Graduate School of Business, Stanford University, Duffie has been on the finance faculty at Stanford since receiving his Ph.D. from Stanford in 1984.

Michael Greenberger
Professor, University of Maryland School of Law

Michael Greenberger is the Founder and Director of the Center for Health and Homeland Security (CHHS) at the University of Maryland and a professor at the School of Law. CHHS works on a broad range of homeland security and emergency response issues for federal, state and local governmental agencies, as well as medical researchers.

Andrei Kirilenko
Chief Economist, Commodity Futures Trading Commission

Andrei Kirilenko has been with the Commodity Futures Trading Commission (CFTC) since 2008 and was appointed Chief Economist in December 2010. He received his Ph.D. in Economics from the University of Pennsylvania, where he specialized in financial markets. Prior to joining the CFTC, Dr. Kirilenko spent twelve years at the International Monetary Fund working on global capital markets issues. His research has focused on the informational properties and microstructure of securities and derivatives markets. He has published a number of journal articles appearing in the Journal of Finance, Journal of Financial Markets, and IMF Staff Papers. In 2010, Dr. Kirilenko was the recipient of the CFTC Chairman’s Award for Excellence (highest honor).

Jan Pieter Krahnen
Professor, Goethe University Frankfurt

Jan Pieter Krahnen holds the Chair of Corporate Finance at Goethe-Universität in Frankfurt/Main (Germany). He is also Director of the Center for Financial Studies, a non-profit research institution in Frankfurt, a CEPR-research fellow in Financial Economics, and was a coordinator of the DFG-research network in finance. He was the 1996-Metzler-Foundation Visiting Professor at the Wharton School and is a Visiting Scholar at NYU's Stern School of Business in 2002.

Randall Kroszner
Professor of Economics, Booth School of Business, University of Chicago

Kroszner served as a Governor of the Federal Reserve System from March 2006 until January 2009. During his time as a member of the Federal Reserve Board, he chaired the committee on Supervision and Regulation of Banking Institutions and the committee on Consumer and Community Affairs.

Craig Pirrong
Professor, University of Houston

Dr. Pirrong previously was the Watson Family Professor of Commodity and Financial Risk Management, and Associate Professor of Finance at Oklahoma State University. He joined the faculty of the Bauer College of Business at the University of Houston as Professor of Finance and the Energy Markets Director for Global Energy Management Institute in January, 2003.

Hal Scott
Professor and Director, Harvard Law School

Hal Scott is the Nomura Professor and Director of the Program on International Financial Systems at Harvard Law School, where he has taught since 1975. He teaches courses on Capital Markets Regulation, International Finance, and Securities Regulation.

Chester S. Spatt
Professor of Finance, Tepper School of Business at Carnegie Mellon University
Director, Center for Financial Markets

Chester S. Spatt is currently Professor of Finance at the Tepper School of Business at Carnegie Mellon University, and Director of the Center for Financial Markets. In contribution to his expertise in Finance and Economics, he presently teaches Fixed Income Investment, Taxation and Financial Strategy, and Economic Issues in Financial Regulation at the Master’s level.  Formerly, Spatt held position as the Chief Economist and Director at the Office of Economic Analysis for U.S. Securities and Exchange from 2004 to 2007. Additionally, Spatt has received numerous awards and praise for his published works and talents, including the Distinguished Speaker Award from the Western Finance Associate in 2009.

Jean-Pierre Zigrand
Lecturer, London School of Economics

Jean-Pierre Zigrand is a reader of Finance at the London School of Economics. He has recently co-authored papers titled “Strategic Financial Innovation in Segmented Markets” and “Equilibrium Asset Pricing with Systemic Risk.”