Deposit Insurance
George Pennacchi is a Professor of Finance at the University of Illinois at Urbana-Champaign. Since earning his Ph.D. in economics from MIT, he has served on the faculties of the University of Pennsylvania's Wharton School and Bocconi University. He is currently editor of the Journal of Financial Intermediation, and associate editor for six other academic journals. Mr. Pennacchi's research interests include financial institutions, derivative securities, and bond markets.
Credit and Market Risk Measurement
Sanjiv Das is Professor of Finance at Santa Clara University's Leavey School of Business, and previously held faculty appointments at Harvard Business School and UC Berkeley. He holds post-graduate degrees in Finance (Ph.D. from New York University) and Computer Science (M.S. from UC Berkeley), did undergraduate work in Accounting and Economics, and is also a qualified Cost and Works Accountant. In addition, he worked as Vice President for Citibank Asia. He is a senior editor of The Journal of Investment Management and co-editor of The Journal of Derivatives.
Prior to being an academic, he worked in the derivatives business in the Asia-Pacific region. His current research interests include: the modeling of default risk, algorithms for harvesting financial information from the web, derivative pricing models, and portfolio theory. He has published more than 60 articles in academic journals.
Bank Performance and the Economy
Charles Calomiris is one of the country’s leading authorities on financial institutions. His research spans the areas of banking, corporate finance, financial history and monetary economics. He has advised numerous firms, agencies and governments on the performance and regulation of financial institutions. Calomiris is a research associate at the National Bureau of Economic Research and directs the American Enterprise Institute’s project on financial regulation. He teaches international banking and a case course on business and finance in emerging market economies.
Consumer Finance and Credit Issues
Peter Tufano is the Sylvan C. Coleman Professor of Financial Management at the Harvard Business School and a Senior Associate Dean at the School. He earned a Ph.D. in Business Economics from Harvard University and an MBA from Harvard Business School. Mr. Tufano is presently involved in editing five journals, and serves as a Trustee and Member of Executive Board of GARP - the Global Association for Risk Professionals. His primary research focuses on financial innovation and the use of financial engineering techniques by corporations; he has also studied the mutual fund industry and the delivery of financial services to low-income families.
Corporate Finance and Risk Management
Mitchell Petersen is currently the Glen E. Vasel Associate Professor of Finance at the Kellogg School of Management, Northwestern University. He received his PhD from MIT in 1990 and joined the Northwestern faculty in 1994, following four years teaching at the University of Chicago. Petersen's research focuses on empirical corporate finance: the questions of how firms evaluate potential investment projects and how they fund such projects. His work has focused on the funding of small firms and how such funding has been altered by information technology and changes in financial markets. His paper "The Benefits of Lending Relationships: Evidence from Small Business Data" received the Smith Breeden Prize for outstanding paper in the Journal of Finance in 1995 and his paper "Trade Credit: Theories and Evidence" received the Michael Brennan Award for Best Paper in the Review of Financial Studies in 1998. These are two of the leading journals in finance.
Petersen's teaching and consulting have focused on issues of valuation of investment projects (using both DCF and real options approaches), the funding of investment projects, and the management of risk by non-financial firms. He received the Sidney J. Levy Teaching award for excellence in teaching in 1996, 1999, 2001, and 2003 and the Professor of the Year award in 2000. Petersen is a member of the American Finance Association and formerly the editor of the Journal of Financial Intermediation.
