Inaugural CAFIN Workshop Speaker Biographies (2014)

Eric Aldrich, University of California, Santa Cruz

Eric Aldrich is an assistant professor at the Department of Economics at the University of California, Santa Cruz. His main interests are computational economics and finance. Prior to working at UCSC, he worked at the Federal Reserve Bank of Atlanta. Through his publications has made significant contributions in the empirics of behavioral and computational finance. 

Meghana Ayyagari, George Washington University

Meghana Ayyagari is Associate Professor at the School of Business and the Elliott School of International Affairs, at George Washington University. Her research interests are in the area of international corporate finance and development economics. Her research has been published in the Review of Financial Studies, Journal of Financial and Quantitative Analysis, and Journal of Banking and Finance. She has received grants from the National Science Foundation (NSF) to study property rights protection, and corruption and tax evasion across developing countries.  She has served as a consultant for several international organizations including the World Bank, USAID, and the Center for Institutional Reform and the Informal Sector (IRIS). She teaches courses in international financial management and international business. She received her B.S. in Electrical Engineering from India and Ph.D. in Finance from the University of Maryland, College Park.

Yin-Wong Cheung, City University of Hong Kong

Yin-Wong Cheung is the Head and Chair Professor of International Economics, Department of Economics and Finance, and Director, Research Center for International Economics, City University of Hong Kong. Also he is Professor Emeritus of the Economics Department at the University of California, Santa Cruz. Cheung is member of the Council of Advisers, HKIMR/HKMA, a Research Fellow of the CESifo in Germany, a founding and board member of the Methods in International Finance Network in Europe, and a Chair Professor of the Shandong University. Cheung’s areas of research include econometrics, applied econometrics, exchange rate dynamics, asset pricing, output fluctuation, and economic issues of Asian Economies. Cheung coauthored the books Financial Options (in Chinese) , The Economic Integration of Greater China, and人民币汇率:过去、现在与未来(in Chinese). He also co-edited the following books: China and Asia: Economic and Financial InteractionsAsia and China in the Global EconomyThe Evolving Role of Asia in Global Finance, andThe Evolving Role of China in the Global Economy. He has published over 100 refereed articles in more than 40 academic journals including Econometric TheoryGame and Economic Behavior,Journal of Business & Economics StatisticsJournal of EconometricsJournal of International Economics, and Journal of Finance

Peter Cramton, University of Maryland

Peter Cramton is Professor of Economics at the University of Maryland. Since 1983, he has conducted widely-cited research on auction theory and practice. The main focus is the design of auctions for many related items. Applications include auctions for radio spectrum, electricity, financial securities, diamonds, and timber. He has introduced innovative market designs in many industries. He has advised numerous governments on market design and has advised dozens of bidders in major auction markets. He received his B.S. in Engineering from Cornell University and his Ph.D. in Business from Stanford University.

Professor Sankar De, Shiv Nadar University

Professor Sankar De is currently associated with School of Humanities and Social Sciences, Shiv Nadar University, as Professor of Economics and Director of Centre for Emerging Societies. He is also the current President of the Asian Finance Association and a member of the Reserve Bank of India’s committee on Money, Foreign Exchange and Government Securities. Professor De is the founder of the Centre for Analytical Finance (CAF), Indian School of Business (ISB), Hyderabad, India and served as its Executive Director before joining SNU. He developed and nurtured CAF to become a premier centre of excellence in emerging markets research, organization of high-level research and policy conferences, and training of next generation researchers. He also served as the Executive Director, Center for Professional Development in Finance (CPDF), Berkeley, USA. He has served on the faculty at national and international institutions including University of California-Berkeley, University of Texas-Austin, and University of Wisconsin-Madison, Indian Institute of Management – Calcutta, and Indian School of Business. His current research interests are access to finance for underserved sectors and trading and investment decisions of small investors in emerging economies. He received his PhD in Financial Economics from University of California-Berkeley and Post-Graduate Diploma in Management from Indian Institute of Management, Calcutta.

Michael Dooley, University of California, Santa Cruz

Michael Dooley joined the faculty at UCSC in 1992 following more than twenty years service at the Board of Governors of the Federal Reserve System and the Research Department of the International Monetary Fund.  His research covers a range of issues in open economy macroeconomics including Bretton Woods II, crises in emerging markets, debt management, capital controls, capital flight and liberalization of financial markets. He is a Research Associate, National Bureau of Economic Research, International Research Fellow, Kiel Institute of World Economics and edit the International Journal of Finance and Economics. Other affiliations have included visiting teaching positions at Bucknell University, George Washington University, The University of Texas, The University of Chicago Graduate School of Business, the IMF Institute, the World Bank Economic Development Institute and the Kiel Institute of World Economics. Consulting relationships include the International Monetary Fund, World Bank, and the Federal Reserve Board and the Bank of Japan.  

Johanna Francis, Fordham University and University of California Santa Cruz

Johanna Francis is an associate professor in the economics department at Fordham University in New York and a visiting associate professor at UCSC.  Her work deals with understanding the heterogeneity of credit flows, the economics of saving behaviour, and factors impacting the decision to become an entrepreneur.  She received her PhD in economics from Johns Hopkins University. 

Daniel Friedman, University of California, Santa Cruz

Daniel Friedman is a Professor of Economics at the University of California, Santa Cruz. He has broad research interests in applied economic theory, laboratory experiments, and financial markets. He is one of the world’s leading researchers in behavioral and experimental economics and the founder of LEEPS, a pioneering laboratory studying human behavior in market settings.

Weishi (Grace) Gu, University of California, Santa Cruz

Weishi (Grace) Gu is an assistant professor at the Department of Economics at the University of California, Santa Cruz. A common thread of her research has been applying a dynamic stochastic equilibrium approach to international economics, macroeconomics and labor market, recognizing financial friction and other constraints. Grace’s research covers a range of issues including sovereign default, global imbalances, labor market search and switching. Prior to working at UCSC, she conducted research at Cornell University, IMF, Brookings, Federal Reserve Bank of Cleveland, and American Enterprise Institute.

Michael Hutchison, University of California, Santa Cruz

Michael Hutchison is a Professor of Economics at the University of California, Santa Cruz. He is also Research Associate at the Federal Reserve Bank of San Francisco and a founding member of the Santa Cruz Center for International Economics. Hutchison is Executive Editor of the Journal of Asian Economies and on the editorial boards of Journal of International Money and Finance and Japan and the World Economy.  His research centers on international finance and open economy macroeconomics, including exchange rate regimes, international banking and financial systems. 

Fatih Kiraz, Central Securities Depository, Turkey

Fatih Kiraz has a master’s degree in management (2002) and a PhD in finance (2009) from Boğaziçi University. He was a fox-fellow at Yale University (2007-2008), working on his PhD thesis about ‘chaos theory’ and its possible applications to social sciences. Since 2010, he has been a finance specialist for CSD (Central Securities Depository) of Turkey.  Dr. Kiraz’s current research interests include; risk appetite and biases of investors, simplicity of portfolio management, the conditions under which an IPO leads to competitive advantage, differences in blue-chip definitions and performances among countries, informed investors and emerging markets, and herding behavior. 

Kenneth Kletzer, University of California, Santa Cruz

Kenneth Kletzer´s primary area of research is international economics. Most of his research concerns the consequences of international financial market integration for welfare, growth and national policy autonomy. He also worked on many topics on open economy fiscal policy and in international trade. Recent research topics includes financial crises, sovereignty and international financial flows and the fiscal implications of economic integration. Professor Kletzer was a member of the economics faculty of Yale University before coming to UCSC in 1992. He was recently a Visiting Professor at UC Berkeley and taught at the University of Bonn. Professor Kletzer has been a visiting scholar at a number of institutions, including the World Bank, International Monetary Fund, Inter-American Development Bank, the Federal Reserve Bank of San Francisco and the Economic Policy Research Unit of Denmark. He has a particular interest in South Asia and currently serves as a Visiting Professor at the Indian Council for Research on International Economic Relations. Professor Kletzer has also served as a Fulbright Fellow in South America. He is an associate editor of the Journal of International Economics and the Journal of Development Economics.

Dr. Laura E. Kodres, International Monetary Fund

Dr. Laura E. Kodres is currently an Assistant Director and Division Chief for the Asian Division in the Institute for Capacity Development at the International Monetary Fund. She holds a B.S. in Economics from the University of California at Davis and a Ph.D. in Economics from Northwestern University in Evanston, Illinois. She has held positions at the Chicago Mercantile Exchange, the Commodity Futures Trading Commission and at the Federal Reserve Board. She has been with the International Monetary Fund since 1994, holding a variety of positions, including Division Chief for the Global Financial Stability Analysis Division in the Monetary and Capital Markets Department. 

Athanasios Kottas, University of California, Santa Cruz

Athanasios Kottas is a Professor of Applied Mathematics and Statistics at the University of California, Santa Cruz. He has expertise on Bayesian nonparametric methods for extreme value analysis, quantile regression and survival analysis. He is the author of over 30 papers and a book chapter on Bayesian modeling. He also acts as editor on various international journals and has presented in several international seminars.

Gregory Laughlin, University of California, Santa Cruz

Gregory Laughlin is a professor at the Astronomy & Astrophysics Department at the University of California, Santa Cruz. His research focuses on the detection and characterization of extrasolar planets and planet-forming environments. He is involved in projects ranging from hydrodynamical and atmospheric modeling to studies of orbital dynamics and evolution, to observational searches for planets using Doppler radial velocity and photometric transit techniques.

Jose A. Lopez, Reserve Bank of San Francisco

Jose A. Lopez is head of the Risk Model Research & Banking Supervision Section and a vice president in the Economic Research Department at the Federal Reserve Bank of San Francisco.  The Section provides quantitative support to the Bank Supervision & Regulation Department in San Francisco and to selected projects throughout the Federal Reserve System.  He completed his doctoral dissertation in economics at the University of Pennsylvania.  His current research focuses on yield curve modeling as well credit risk measurement issues.  He has published articles in the Journal of Business and Economic Statistics; the Journal of Money, Credit and Banking; the Review of Financial Studies; the International Journal of Central Banking; the Journal of Banking and Finance; and the Journal of Financial Econometrics.

Katya Malinova, University of Toronto

Katya Malinova is an Assistant Professor at the University of Toronto, Department of Economics.  Her research focuses on the microstructure of financial markets, and she studies aspects of liquidity, information, and incentives in markets. She is currently involved in a number of research projects on Canadian equity markets, for instance, on the impacts of dark trading, high frequency trading, and maker-taker pricing. Her work has been published or is forthcoming in the Journal of Finance, the Journal of Financial and Quantitative Analysis, and the Journal of Financial Markets, and she has received the SSHRC Standard Research and Insight research grants. Professor Malinova teaches undergraduate courses in investments and corporate finance at the University of Toronto, and she has taught microeconomics in the University of Toronto the Master of Financial Economics program. She holds a PhD in economics from the University of Michigan and a BSc in physics from St. Petersburg State University (Russia)

Vojislav “Max” Maksimovic, University of Maryland

“Max” Maksimovic is the William A. Longbrake Chair in Finance and Chair, Department of Finance at the Robert H. Smith School of Business, University of Maryland. His recent research focuses on how a firm’s organizational structure affects the flow of resources across its divisions. He has also worked on how competition in high technology industries determines the timing of initial public offerings. Maksimovic is interested in international finance, specifically in how a country’s legal and institutional environment influences the financing and investment by firms. Maksimovic’s research has been published in the Journal of Finance, Review of Financial Studies, Rand Journal of Economics, Journal of Financial Economics, andJournal of Financial and Quantitative Analysis. Maksimovic has held visiting positions at the University of Oxford, Imperial College London, and the International Monetary Fund. He has a BSc(Econ.) and MSc in Mathematical Economics and Econometrics from the London School of Economics and a PhD in Business Economics from Harvard University. He is an associate editor of Journal of Financial Intermediation and a past member of the board of directors of the Western Finance Association.

Emiliano Pagnotta, New York University Stern School of Business

Emiliano Pagnotta is an Assistant Professor at the New York University Stern School of Business. Professor Pagnotta’s research interests lie at the intersection of market microstructure, asset pricing, and the industrial organization of financial markets. His recent studies examine the effects of speed and trading fragmentation on asset prices and social welfare; the effect of central clearing reforms on prices and liquidity; and the consequences of new financial markets regulations on market quality. Professor Pagnotta earned his Ph.D. from the Economics Department at Northwestern University.

Ila Patnaik, National Institute of Public Finance and Policy, India

Ila Patnaik, Reserve Bank of India (RBI) Chair Professor at the National Institute of Public Finance and Policy in New Delhi, specializes in India’s opening economy. Her research focuses on capital flows, business cycles, the financial sector, and the study of Indian firms as India opens up its capital account. Patnaik writes regular columns in the Indian Express and the Financial Express. Before joining the National Institute of Public Finance and Policy in 2006, Patnaik served as economics editor of the Indian Express (2004–2006), senior fellow at the Indian Council for Research in International Economic Relations (2002–2004), and senior economist at the National Council of Applied Economic Research in New Delhi (1996–2002). Patnaik was also a visiting scholar at the International Monetary Fund in 2003, 2010, and 2013. Patnaik has served on a number of advisory committees on financial policy and regulation, including the Ministry of Finance Working Group on Foreign Investment (2009–2010), the Ministry of Finance Internal Working Group on Internal Debt Management (2008), and the RBI Working Group on Economic Indicators (2001–2002). She co-led the research team for the Ministry of Finance Financial Sector Legislative Reforms Commission (2011–2013).

Raquel Prado, University of California, Santa Cruz

Raquel Prado is a Professor of Applied Mathematics and Statistics at the University of California, Santa Cruz. She specializes in Bayesian non-stationary time series modeling and multivariate time series. She is the author of a book on time series modeling and several papers on time series and medicine. Her latest project focuses on the development of a coherent suite of novel statistical models and methods for large-dimensional, high-resolution multivariate time series to apply them on physiological time series.

Abel Rodriguez, University of California, Santa Cruz

Abel Rodriguez is an Associate Professor of Applied Mathematics and Statistics at the University of California, Santa Cruz. His research focuses on developing Bayesian methods applied in biology, finance, national security and machine learning. In the area of finance he has done cutting-edge work on econometric analysis of credit risks, financial derivatives and portfolio management.  He is the author of a book on non-parametric Bayesian modeling and has published several academic papers.

Emrah Sener, Özyeğin University

Emrah Sener, Assitant Professor of Finance at Özyeğin University, was awarded the 2009 Faculty Award from IBM International for his project on the design and implementation of real time data analytics services in the cloud to enable the application of collaborative intelligence. Professor Şener is the Director of the Istanbul Risk Management Lab at Özyeğin University School. Before joining Özyeğin University Business School in 2010, he was the Senior Vice President at the Bank of America, Structured Credit Trading. Dr. Sener received his BS in Economics and Finance from Boğaziçi University (2000), his MS in Economics and Finance from the London School of Economics (2003) and his PhD in Mathematical Finance from London School of Economics and Imperial College London (2006). Professor Şener’s research interests are in the fields of Financial Economics, Asset Pricing, and Quantitative Asset Management.

Nirvikar Singh, University of California, Santa Cruz

Nirvikar Singh is a Professor of Economics at the University of California, Santa Cruz. He is an expert on the Indian economy and other emerging markets, and serves on the Indian Finance Minister’s advisory group on G20 matters. Among other topics, he has written several articles about Indian economic reform, economic theory and labor standards and several columns for Indian financial newspapers. 

Mark Spiegel, Federal Reserve Bank of San Francisco

Mark Spiegel is Vice President, International Research and Director of the Center for Pacific Basin Studies at the Federal Reserve Bank of San Francisco.  Prior to joining the Federal Reserve, he served as an assistant professor in the Department of Economics at New York University.  He has served as a visiting professor in the Economics Department of U.C. Berkeley, as well as a lecturer at the Haas School of Business at U.C. Berkeley.  He has also served as a consultant at the World Bank, and as a visiting scholar at the Bank of Japan.  Dr. Spiegel received his Ph.D. in economics from the University of California at Los Angeles and his B.A. in economics from the University of California at Berkeley.  Dr. Spiegel has published numerous articles in both academic and policy-oriented journals on international financial issues and on economic issues associated with Asian economies.  He co-edited the books Financial Crises in Emerging Markets, Asia and the Global Financial Crisis, and Asia’s Role in the Post Crisis Global Economy.  He is currently on the editorial board of the Global Journal of Economics, and previously served as associate editor of the journal Japan and the World Economy.  

Last modified: Oct 19, 2023