Background
Merton, Robert Carhart was born on July 31, 1944 in New York City. Son of Robert K. and Suzanne (Carhart) Merton.
(Robert C. Merton's widely-used text provides an overview ...)
Robert C. Merton's widely-used text provides an overview and synthesis of finance theory from the perspective of continuous-time analysis. It covers individual financial choice, corporate finance, financial intermediation, capital markets, and selected topics on the interface between private and public finance. For this revised edition a new section on managing university endowments has been added. The book begins with a foreword by Paul Samuelson.
http://www.amazon.com/gp/product/0631185089/?tag=2022091-20
(Appropriate for courses in Futures and Options, Capital M...)
Appropriate for courses in Futures and Options, Capital Markets, and Graduate Corporate Finance.Featuring over 35 studies, this fascinating collection of cases offer readers a look into how major companies took bold steps to ensure their financial strength and superiority. The cases--all of which have been used at the Harvard Business School--were chosen for their ability to convey real products, real financial innovations, and real-world applications. Cases in Financial Innovation spans two decades, including recently financial- engineered products.
http://www.amazon.com/gp/product/0130794198/?tag=2022091-20
(The introduction of the concepts of continuous-time optim...)
The introduction of the concepts of continuous-time optimization and stochastic process that have enabled financial economists to integrate both dynamics and uncertainty into the study of optimal intertemporal allocations of resources, portfolio selection, and the dynamic behaviour of security prices represents one of the great advances in economic theory of this generation. The ramifications of these concepts have been felt not only in the realm of academic economics but in the practice of investment banking, money management, and arbitrage trading. Economic theorists and finance practitioners alike turn to the work of Robert C. Merton as the seedbed for the theory of continuous-time finance theory. In this book, Merton provides an overview and synthesis of finance theory from the perspective of continuous-time analysis that covers individual financial choice, corporate finance, financial intermediation, capital markets, and selected topics on the interface between private and public finance. The volume is built around Merton's most prominent papers, which he has brought up to date with postscripts, and newly written chapters on recent developments in portfolio theory, option and other derivative security pricing, financial intermediation, capital asset pricing, and general equilibrium analysis. Paul Samuelson.
http://www.amazon.com/gp/product/0063118505/?tag=2022091-20
Merton, Robert Carhart was born on July 31, 1944 in New York City. Son of Robert K. and Suzanne (Carhart) Merton.
Bachelor of Science in Engineering Mathematics Columbia University, New York City, 1966. Master of Science in Applied Mathematics, California Institute of Technology, 1967. Doctor of Philosophy in Economics, Massachusetts Institute of Technology, 1970.
Master of Arts (honorary), Harvard University, 1989. Doctor of Laws (honorary), University Chicago, 1991. Doctor of Science (honorary), University Lausanne, Switzerland, 1996.
Doctor of Science (honorary), National Sun Yat-Sen University, Taiwan, 1998. Doctor of Science (honorary), Athens University Economics & Business, 2003. Doctor of Science (honorary), Claremont Graduate University, 2008.
Doctor (honorary), University Paris, 1997. Doctor of Philosophy (honorary), University Nacional Federico Villarreal, Lima, Peru, 2004.
Research assistant, economics instructor Massachusetts Institute of Technology, Cambridge, Massachusetts, 1968—1970. Assistant professor finance Alfred P. Sloan School Management, Massachusetts Institute of Technology, 1970-1973, associate professor, 1973-1974, professor, 1974-1980, J.C. Penney professor management, 1980-1988, distinguished professor finance, since 2010. Visiting professor finance Harvard University, Boston, 1987-1988, George Fisher Baker professor business administration, 1988-1998, John & Natty McArthur University professor, 1998—2010, University professor emeritus, since 2010.
Research associate National Bureau Economic Research, since 1979. Senior advisor Salomon Inc., 1988—1992, J.P. Morgan & Company, Inc., 1999—2000, Platinum Grove Asset Mgnt., 2008. Board directors Nova Fund, 1980—1988, Travelers Investment Management Company, 1987—1991, MF Risk, Inc., 2001—2009, Vical Inc., since 2002, Community First Finance Group, since 2003, Peninsula Banking Group, since 2003, Dimensional Funds, 2003—2009, Trinsum Group, 2007—2008, Dimensional SmartNest LLC, since 2010.
Chairman board directors Daedalus Software, Inc., since 2008. Co-founder, member management committee Long-Term Capital Management, L.P., Greenwich, Connecticut, 1993—1999. Member advisory board eCredit.com, 2000—2002, nuServe, 2001—2004.
Co-founder, chief science officer, board directors Integrated Finance Ltd., 2002—2007. Member competitive markets advisory council Chicago Mercantile Exchange, since 2004.
(The introduction of the concepts of continuous-time optim...)
(Appropriate for courses in Futures and Options, Capital M...)
(Robert C. Merton's widely-used text provides an overview ...)
Author: Continuous-Time Finance, 1990. Co-author: Cases in Financial Engineering: Applied Studies of Financial Innovation, 1995, The Global Financial System: A Functional Perspective, 1995, Teacher's Manual for Cases in Financial Engineering: Applied Studies of Financial Innovation, 1996. Editor: The Collected Scientific Papers of Paul A. Samuelson, 1972.Co-editor: Annual Review Finance Economics, since 2007. Associate editor International Economic Review, 1972-1977, Journal Finance, 1973-1977, Journal Money, Credit and Banking, 1974-1979, Journal Banking and Finance, 1977-1979, 1992—2003, Journal Finance Economics, 1977-1983, Geneva Papers Risk and Insurance, 1989-1996, Journal Fixed Income, since 1991, advisory editor Review Development Finance, since 2009. Contributor numerous articles to professional journals.
Board trustees College Retirement Equities Fund, 1988—1996. Member international advisory board Middle East Science Fund, since 2008. Board advisors Santa Clara University Center Innovation in Finance & Investment, since 2008.
Honorary member board directors International Raoul Wallenberg Foundation, since 2003, Angelo Roncalli International Committee, since 2003. Fellow: Econometric Society, American Academy Arts & Sciences, Finance Management Association, American Finance Association (board directors 1982-1984, 1987-1988, president 1986), International Association Finance Engineers (senior Finance Engineer of Year award 1993). Member: National Academy of Sciences, Society Finance Studies (vice president 1993), Bachelier Finance Society (honorary), Tau Beta Pi, Sigma Xi.