Becoming a Golden Hawk means more than just cheering on our (really good) varsity teams – it means being a student who cares about your community, who works hard in the classroom, and who takes advantage of all the learning opportunities that can happen outside the classroom, too.
I am a full professor in finance at the School of Business and Economics, Wilfrid Laurier University. I am also an affiliated member of the Waterloo Research institute in Insurance, Securities and Quantitative finance (WatRISQ), University of Waterloo. I hold a PhD in Finance from the Bauer College of Business, University of Houston, and MA degrees in Economics from Rutgers University and the Gokhale Institute of Politics and Economics, Pune, India. Prior to joining Laurier in 2000, I was a visiting assistant professor at the Faculty of Management in McGill University.
My research is broadly in the areas of risk-management and fixed income markets. My publications have appeared or forthcoming in the Journal of Financial Economics, Journal of Banking and Finance, Journal of Financial Intermediation, Journal of Empirical Finance, Journal of Financial Research, Journal of Fixed Income, Pacific Basin-Finance Journal, Journal of Futures Markets, Journal of International Financial Markets, Institutions & Money among others. My work has been cited in top journals such as the Journal of Finance, Management Science, Journal of Empirical Finance, Journal of Econometrics, Journal of Accounting and Economics, Journal of Financial Econometrics and Econometric Reviews among others.
Supervisor for Laleh Samarbaksh : “Three Essays in Default risk” (since Jan 2011, in progress) Placement as Assistant Professor (tenure-track) Rogers School of Management, Ryerson University.
External PhD examiner:
“Credit Risk, Fraud Risk, and Corporate Bond Spreads”; PhD candidate: Qi Zhang (Apl. 2013), Queen’s University.
“Three Essays on Pricing Credit and Commodity Derivatives”; Ph.D. Candidate: Xuhui (Nick) Pan, (Apl, 2012), Desautels Faculty of Management, McGill University.
“The Role of Financial Institutions in India’s Industrial Development with Special Reference to Small Scale Industries”; Ph.D. Candidate: Anapurna Dixit, (2003), Banaras Hindu University, India.
Masters in Finance (MFin) Research Supervision:
“CDO markets: Pricing and applications” (Ping Zhang, Winter 2013).
“Designing Datastream Modules” (Rax Yi Hao, Winter 2013).
“Understanding the risks in Municipal bond markets” (Zeng, (Cecelia) Xiaosu, Winter 2011).
Masters in Business Economics (MABE) Research Supervision:
“Volatility in gold markets”(Zhen Dong in progress, Spring 2013).
MBA Research Supervision (course title: BU690):
“Risk management in Pork bellies market”, (Jacob Simpson, Spring 2013, in progress).
“Euro-financial crisis” (Adam Russell, Fall 2012).
“Economic Capital” (Arthur Kwok, Spring, 2010).
“Regulation of CDS markets” (Patrick Harnett, Winter, 2009).
“Enterprise Risk Management: A review” (Ken Ng, Spring 2007).
“Synthetic and Structured Assets” (Steven Choi, Spring 2007).
“CDO Pricing” (Eric Lam, Spring 2005).
“Applications of Real-Options in the real world.” (Ryan McEachern, Spring 2001).
External MS examiner:
“Applications of first passage times for multivariate jump-diffusion processes in credit risk”, (Di, Zhang, Winter 2007).
“Modelling Asset Prices under Regime Switching Diffusions via First Passage Time”, (Xiaojing Xi, Winter 2008).
External MPHIL examiner:
“Analysis of intra-day data for Indian markets” (2005), IGIDR, Bombay India.
Undergrad Research Supervision (course title: BU490):
“Impact of Quantitative Easing on Financial Markets” (Bolun Yang, Spring 2013).
“Issues in Sovereign debt crisis” (Luara Chelaru, Spring 2010).
“Impact of Volker rule and Basel III on financial markets” (Avijit Bandyopadhyay, Winter 2014, in progress).
Das, Sanjiv, Kalimipalli, Madhu and Subhankar Nayak, 2014, "Did CDS Trading Improve the Market for Corporate Bonds?", Journal of Financial Economics. 111, 2, 495-525. Semifinalist for the Best paper award at the FMA, Denver 2011.
Kalimipalli, Madhu, Subhankar Nayak, and Perez M. Fabricio, 2013, “Dynamic Effects of Idiosyncratic Volatility and Liquidity on Corporate Bond Spreads”, Journal of Banking and Finance. 37,8, 2969–2990.
Kalimipalli, Madhu and Subhankar Nayak (2012) “Idiosyncratic Volatility vs. Liquidity? Evidence from the US Corporate Bond Market”, Journal of Financial Intermediation, 21, 217-242.
Jha, Ranjini and Madhu Kalimipalli, 2010, “The Economic Significance of Conditional Skewness Forecasts in Option Markets”, Journal of Futures Markets, Vol. 30, No. 4, 378-406.