Krishna Ramaswamy Faculty Profile

Krishna Ramaswamy
Edward Hopkinson, Jr. Professor of Investment Banking; Professor of Finance

PhD, Stanford University, 1978; MBA, Duke University, 1973; BTech, Indian Institute of Technology, Kharagpur, India, 1971

Research Areas
Investment management in equity and bond markets; options and futures

Recent Consulting
Investment Management, Bankers Trust, International Monetary Fund

Current Projects
Testing an important model describing the relation between interest rates and maturities with Treasury Bill data. Similar tests with alternative models and data are under development.

Academic Positions Held
Wharton: 1985-present (named Edward Hopkinson, Jr. Professor of investment Banking, 1998; Bankers Trust Term Associate Professor of Finance, 1985-90). Previous appointment: Columbia University. Visiting appointment: University of Chicago

Other Positions
Research Coordinator, Institute for Quantitative Research in Finance, 1979-89; Technical Staff Member, Economics Department, Bell Telephone Laboratories, 1977-79

Representative Publications
(with A.C. MacKinlay)
"Index-Futures Arbitrage and the Behavior of Stock Index Future Prices." The Review of Financial Studies 1.2 (Summer 1988).

(with D.B. Nelson)
"Simple Binomial Processes as Diffusion Approximations in Financial Models." The Review of Financial Studies 3.3 (1990).

(with S.M. Sundaresan)
"The Valuation of Floating Rate Instruments: Theory and Evidence" Journal of Financial Economics 17 (1986).