2004 Headlines
Maureen O'Hara and Robert Jarrow Named Senior Fellows at New FDIC Center for Financial ResearchIthaca, New York, January 13, 2004 The Center will sponsor research on key issues and developments affecting the banking industry, the role of banks and other financial services firms in the economy, risk management issues, regulatory policy and related topics of importance to the FDIC's mission of promoting financial stability in the American economy. It will support research in five major programs including Deposit Insurance, Risk Measurement (led by Robert Jarrow), Bank Performance and the Economy, Corporate Finance and Risk Management, and Policy and Regulation. Planned activities of the Center include conferences, roundtables and workshops to promote the exchange of ideas among regulators, academicians and financial industry representatives. Maureen O'Hara, Ph.D., is the Robert W. Purcell Professor of Management, and professor of finance at the Johnson School. Her research and teaching interests are in financial institutions, particularly the structure of the securities market. Her recent research has examined the effects of information on asset prices, and the optimal regulation of exchanges and alternative trading systems. Professor O'Hara is Executive Editor of The Review of Financial Studies. She is past president of the American Finance Association and former chair of the Economics Advisory Board of the NASD. She has published more than 50 research papers, several of which have won awards, and a book, Market Microstructure Theory (1995). She also received the Russell Distinguished Teaching Award in 1993 and 2001 and the Class of 1992 Outstanding Teaching Award. Robert Jarrow, Ph.D., is the Ronald P. and Susan E. Lynch Professor of Investment Management, and professor of finance and economics at the Johnson School. Professor Jarrow's teaching and research interests involve the study of mathematical finance. He is interested in derivatives, risk management, investments and asset pricing theory. Professor Jarrow is currently engaged in research relating to the pricing of credit derivatives, liquidity risk, and exotic options. He is a Graduate Faculty representative in four fields: management, economics, operations research and industrial engineering, and applied mathematics. He is the managing editor of Mathematical Finance, a coeditor of The Journal of Derivatives and an associate editor for numerous other finance journals. He was a Mobil scholar in 1993 and a member of the Merrill Lynch Academic Advisory Council in 1994-95. His research has won numerous awards. In 1997 he was named IAFE Financial Engineer of the Year in recognition of his many contributions to the field. He is currently an IAFE senior fellow. He also serves on various corporate board of directors and advisory boards. The Johnson School at Cornell University, founded in 1946, is Cornell?s graduate school of management. The Johnson School combines leading edge intellectual capital with "real time, real world" business practice and is among the top business schools in the world. Distinctives include a wide variety of opportunities for experiential learning, such as immersion curricula and student-run venture capital and mutual funds. Programs include MBA and doctoral degrees, a twelve-month MBA option for students with advanced degrees in science or engineering, an executive MBA and a variety of customized executive education programs. The Johnson School is located at the center of Cornell University—the largest of the Ivy League schools and one of the world?s top research institutions. Additional information on the Center for Financial Research is available at www.fdic.gov. |
