William Perraudin
Encyclopedia
William R. M. Perraudin is a British economist
. He is Professor
and Chair of Finance
at Imperial College London
, specialising in the fields of risk
and pricing
of debt
instruments.
As an expert in the field of risk as applied to financial regulation
, Perraudin has been a special advisor to the Bank of England
. He has long taken the position that the financial models in use by major institutions are insufficiently conservative.
. From 1981 to 1983 he studied for a MSc in Economics at London School of Economics
, before gaining a PhD in Economics from Harvard University
. He also studied for a Masters in Applied Mathematics from 1995 to 1999.
He is an associate editor of Quantitative Finance, the Journal of Banking and Finance
and the Journal of Credit Risk.
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
. He is Professor
Professor
A professor is a scholarly teacher; the precise meaning of the term varies by country. Literally, professor derives from Latin as a "person who professes" being usually an expert in arts or sciences; a teacher of high rank...
and Chair of Finance
Finance
"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...
at Imperial College London
Imperial College London
Imperial College London is a public research university located in London, United Kingdom, specialising in science, engineering, business and medicine...
, specialising in the fields of risk
Risk
Risk is the potential that a chosen action or activity will lead to a loss . The notion implies that a choice having an influence on the outcome exists . Potential losses themselves may also be called "risks"...
and pricing
Pricing
Pricing is the process of determining what a company will receive in exchange for its products. Pricing factors are manufacturing cost, market place, competition, market condition, and quality of product. Pricing is also a key variable in microeconomic price allocation theory. Pricing is a...
of debt
Debt
A debt is an obligation owed by one party to a second party, the creditor; usually this refers to assets granted by the creditor to the debtor, but the term can also be used metaphorically to cover moral obligations and other interactions not based on economic value.A debt is created when a...
instruments.
As an expert in the field of risk as applied to financial regulation
Financial regulation
Financial regulation is a form of regulation or supervision, which subjects financial institutions to certain requirements, restrictions and guidelines, aiming to maintain the integrity of the financial system...
, Perraudin has been a special advisor to the Bank of England
Bank of England
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694, it is the second oldest central bank in the world...
. He has long taken the position that the financial models in use by major institutions are insufficiently conservative.
Education
From 1977 to 1981 William Perraudin studied French and History at the University of OxfordUniversity of Oxford
The University of Oxford is a university located in Oxford, United Kingdom. It is the second-oldest surviving university in the world and the oldest in the English-speaking world. Although its exact date of foundation is unclear, there is evidence of teaching as far back as 1096...
. From 1981 to 1983 he studied for a MSc in Economics at London School of Economics
London School of Economics
The London School of Economics and Political Science is a public research university specialised in the social sciences located in London, United Kingdom, and a constituent college of the federal University of London...
, before gaining a PhD in Economics from Harvard University
Harvard University
Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...
. He also studied for a Masters in Applied Mathematics from 1995 to 1999.
Career
Before moving to Imperial, Professor Perraudin headed the finance group of Birkbeck College, University of London.He is an associate editor of Quantitative Finance, the Journal of Banking and Finance
Journal of Banking and Finance
The Journal of Banking and Finance is a peer-reviewed academic journal covering research on financial institutions and capital markets. In 1989 the journal absorbed Studies in Banking & Finance....
and the Journal of Credit Risk.
Publications
- Structured Credit Products: Pricing, Rating, Risk Management and Basel II, 2004. ISBN 1904339263, ISBN13: 9781904339267.
- After the Apocalypse: Lessons from the Global Financial Crisis, DemosDemos (UK think tank)- History :Demos was founded in 1993 by former Marxism Today editor Martin Jacques, and Geoff Mulgan, who became its first director. It was formed in response to what Mulgan, Jacques and others saw as a crisis in politics in Britain, with voter engagement in decline and political institutions...
. - (with Robert Lamb) Dynamic Default Rates.
- (with Paolo Vitale) Interdealer Trade and Information Flows in a Decentralized Foreign Exchange Market.
External links
- BBC interview
- http://uk.linkedin.com/pub/william-perraudin/7/3b4/777
- Risk Management Laboratory, Imperial College
- http://www.cepr.org/Pubs/new-dps/dplist.asp?dpno=753
- Academic homepage at Imperial
- http://www.cepr.org/Pubs/new-dps/dplist.asp?dpno=753
- http://en.scientificcommons.org/43940082
- Risk Control Ltd