Background
Murphy, John Austin was born on July 14, 1956 in Council Bluffs, Iowa, United States. Son of Loren John and Mary Ann (Vacek) Murphy.
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book
Research Solutions to the Financial Problems of Depository Institutions (Contributions to the Study of)
( This book provides a practical analysis of the typical ...)
This book provides a practical analysis of the typical investments and funding sources of depository institutions. With a particular emphasis on mortgage-related investments (ARMs, CMOs, IOs, and POs), state-of-the-art valuation models are included that incorporate both call and default risk. Equity funding issues are also analyzed in detail. In addition, the author summarizes the history of the depository institution crisis, discusses the future outlook, and suggests a creative solution to the deposit insurance crisis that permits government deposit insurance without risk or cost to taxpayers. After proposing a system of private deposit insurance backed by minimal market-to-market collateral requirements, the author focuses on micro topics. In particular, the book includes a comprehensive evaluation of default risk data, precise equations for valuing complex mortgage securities, a theoretical model for making hedging and capital adequacy decisions (including an econometric model for estimating the return on the market portfolio and market risk premiums), and a practical discounted cash flow valuation model for analyzing depository institution stock (that incorporates financial statement items and footnotes as well as mortgage prepayments and the term structure of interest rates). The work represents an excellent handbook for financial institution executives, consultants, regulators, investors, and students.
http://www.amazon.com/gp/product/0899307051/?tag=2022091-20
John Austin Murphy
Edit ProfileEducation
Bachelor of Business Administration in Finance, Emory University, 1977; Master International Management, 1979; Doctor of Philosophy in Finance, U. Georgia, 1984.
Career
Associate professor, Oakland U., Rochester, Michigan, 1984-1991. Visiting scholar Federal Home Loan Bank Board Washington, 1988-1989.
Achievements
Works
book
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Research Solutions to the Financial Problems of Depository Institutions (Contributions to the Study of)
( This book provides a practical analysis of the typical ...)
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Research Solutions to the Financial Problems of Depository Institutions (Contributions to the Study of)
Membership
Member Midwest Finance Association, Eastern Finance Association, Finance Management Association.
