- William F. Aldinger Chaired Professor
- Bert W. Wasserman Department of Economics and Finance
Dr. Linda Allen holds the William F. Aldinger Chair in Banking and Finance at Baruch College, City University of New York. Her broad areas of research are risk measurement and management focusing on systemic risk, credit risk and operational risk; the evolution of financial markets and bank regulation; and the organization of financial institutions.
Professor Allen’s latest book Credit Risk Measurement In and Out of Crisis: New Approaches to Value at Risk and Other Paradigms, 3rd edition (Wiley, 2010) co-authored with Anthony Saunders describes her perspective on the global financial crisis that began in 2007, as well as deconstructs credit risk measurement models commonly used by bankers and other finance professionals. She is also the author of Capital Markets and Institutions: A Global View (Wiley, 1997) and co-author of Understanding Market, Credit and Operational Risk (Blackwell, 2004). She has published extensively in top academic journals in finance and economics, and serves as associate editor on several finance journals. She has lectured and advised all over the world on topics of risk measurement and management, banking trends and financial market development.
Does Systemic Risk in the Financial Sector Predict Future Economic Downturns? with Turan Bali and Yi Tang, Review of Financial Studies,October 2012, vol. 25, 10, pp. 3000-3036.
The Role of Banks in Dividend Policy, with Aron Gottesman, Anthony Saunders and Yi Tang, Financial Management,vol. 41, 3, Fall 2012, pp. 591-613.
The Impact of Joint Participation on Liquidity in the Equity and Syndicated Bank Loan Markets, with Lin Peng and Aron Gottesman, Journal of Financial Intermediation, January 2012, vol. 21, 1, pp. 50-78.
Foreign Direct Investment and Regulatory Remedies for Banking Crises: Lessons from Japan, with Suparna Chakraborty and Wako Watanabe, Journal of International Business Studies,lead article, September 2011, vol. 42, no. 7, pp. 875-893.
Clawbacks and Cronyism: Evidence from China, with Guangzhong Li, Financial Management, Fall 2011, vol. 40, no. 3, pp. 733-756.
Loan Underpricing and the Provision of Merger Advisory Services, with S. Peristiani, Journal of Banking and Finance, 2007 vol. 31, pp. 3539-3562.
A New Theoretically-Grounded Microstructure Trading Model For Calculating Damages in Shareholder Class Action Litigation, Stanford Journal of Law, Business and Finance,vol. 12, no. 1, Autumn 2006, pp. 61-83.