Education

• Ph.D. in Economics (Doctorat d'Etat ès Sciences Économiques)
• Complementary thesis (towards Fr. Univ. Aggregation)

Experience

• Professor (full) of Finance, Audencia, Nantes School of Management, France
  Course offered (in English) over the fall and winter-spring semesters: Investment and Portfolio Analysis.
• Professor (full tenured) of Finance, Rouen School of Management, France, 2001-2007
  
• Courses offered (in English) over the fall, winter and spring quarters: Managerial Economics, Financial Econometrics, Capital Markets, Futures and Options Markets, Investment and Portfolio Analysis, Fixed Income Securities and Financial Markets and Institutions. Also joint coordinator (with Pr. J. Wu) of the ‘Market Finance’ concentration (2003-07), and Director of the Rouen Institute of Finance (February 2001-March 2005).
• Reinhard Selten Chair Professor (Visiting 2005-2006) of Finance, Otto-von-Guericke Universitaet Magdeburg, Germany
  Graduate courses taught in English: Portfolio Theory and Investment Analysis, Fixed Income Securities, Capital Markets, North American Financial Institutions and Markets, and Derivatives Markets
• Associate Professor (tenured) 1974-1991, Mc Gill University, Canada
   

Research areas

• Financial engineering
• Basel-2 regulation

Publications

• 2007 “Beyond Basel-2 Simplified Standardized Approach: Credit-Risk Valuation of Short-Term Loan Commitments’. International Review of Financial Analysis.
  
• 2007 “Basel-2 Capital Adequacy: Computing the ‘Fair’ Capital Charge for Loan Commitment ‘True’ Credit Risk” (jointly with J. Wu). International Review of Financial Analysis, 16(1), 1-21.
  
• 2004 “Conditional Expectation Method for Option Valuation by Monte Carlo Simulations” (jointly with B. K. Ma). In The Modern Business Function and Environment, Ed. C. Veloutsou and G.T. Papanikos, The Athens Institute for Education and Research, pp. 123-140 (ISBN-960-88331-9-1).
  
• 2002 "The Stochastic-Volatility American Put Option of Banks’ Credit Line Commitments: Valuation and Policy Implications" (jointly with D. Dufresne). International Review of Financial Analysis, 11 (2), 159-181.
  
• 1990 "Of Dynamic Funding of Financial Intermediaries: The Effect of Credit-Rate Volatility on Savings Deposits". L'Actualité Economique, 66(1), 50-64, (in French).
• 1990 "Valuation of "Capped" Variable Rate Loan Commitments". Journal of Banking and Finance, 14(4), 717-728.
• 1985 "A Geometrical Exposition of the Credit Setting Strategies of the Banking Firm under Loan Rate Uncertainty" (with T.D. Do), Finance, 6(1), 103-119.
• 1985 "Liability Management of Financial Intermediaries in a Dynamic and Uncertain Perspective". European Economic Review, 27(2), 183-200.
• 1982 "A Generalization of the CAPM Based on a Property of the Covariance Operator" (with E. Losq), Journal of Financial and Quantitative Analysis, 17(5), 783-97.
• 1982 "On DFI's Liability Management: Deposit Capacity, Multideposit, and Risk-Efficient Rate-Setting". Journal of Banking and Finance, 6(4), 533-549. 

Other activities

• Chair of Canadian Studies (Finance), University of Trier, Germany, 1999
• Nobel-Price Reinhard-Selten Chair of Finance, University of Magdeburg, 2005-2006
• Editorial Review Service
  Member of the Scientific Committee of the Luxemburg Economic Papers (Cahiers d’Economie) from the Luxemburg University Center 2001-. Referee for L'Actualité Economique; The Canadian Journal of Administrative Sciences; The Canadian Journal of Economics; The European Economic Review; Information Systems and Operations Research; International Review of Financial Analysis; The Journal of Banking and Finance; Management Science; Finance; and the Scandinavian Journal of Economics
• At McGill University: Chairman of the Faculty of Management Ph.D. Committee and McGill representative to the joint doctoral program offered by four Montreal universities (July 1975- September 1976)
• At the Rouen Graduate School of Management: Director of the Rouen Institute of Finance (2001-2005)