俞明德

 

俞明德教授

Min-Teh Yu

Tel:+886-3-5731883

E-Mail:mtyu[at]nctu.edu.tw

Office:管理一館M404室

 

 

Academic Experience:

  National Chiao Tung University, Chair Professor of Finance, 2012 –

  National Chiao Tung University, Dean, College of Management, 2014/5(交通大學)

  National Taiwan University, Distinguished Professor of Finance, 2010/2

  Providence University, President, 2002-10. (靜宜大學)

  Yuan Ze University, Dean, College of Management, 1999-2002 (元智大學)

  Drexel University, Visiting Professor of Finance, 1998-99

  National Central University, Dept Chair and Prof. of Finance, 1995-98 (中央大學)

                   

Education:

Ohio State University, PhD (Insurance and Risk Management).

National Taiwan University, BA, Economics.

 

Honours Received:

國科會 研究傑出獎

教育部 教學特優教師

李國鼎管理獎章

Benemerenti Medal

Shin Research Excellent Award

     

Academic Association Service

Financial Engineering Association of Taiwan, President (2013 - 2015)

Taiwan Risk and Insurance Association, President (2011 – 2013)

Taiwan Finance Association, Board of Directors (1996 - )

Asia-Pacific Finance Association, Board of Directors (1997 - 2000)

Asia-Pacific Risk and Insurance Association, Board of Directors, (2012 -15)

 

其他教育經歷:

高教評鑑中心 管理學門規劃委員、系所評鑑、校務評鑑小組召集人(2008-)

教育部 大學校院增設調整系所班組 專業審查召集人(2003 - 2004)

教育部 學術審議委員會 委員(2003/4)

教育部 大學管理學院 專任評鑑委員(2002)

教育部 公費留學考命題暨審查委員(1998, 2001-5)

教育部 私立專校評鑑委員(1994)

大學入學考試中心基金會董事(2002 -2007)

輔仁大學 董事(2003-2008); 文藻外語學院 董事(2001-2002)

高普考命題暨閱卷委員、典試委員(1992, 1993, 1995, 1998, 2004)

公務人員升官等考試(簡任)命題委員(2001)

清華大學 管理學院諮議委員(2000 -); 元智大學 管理學院諮議委員(2003 -)

台灣大學管理學院諮議委員(2007-10); 逢甲大學金融學院諮議委員 (2009 –)

交通大學管理學院諮詢委員(2011/2) 逢甲大學校務評鑑指導委員(2010 -);

中央大學 校務評鑑指導委員(2011/13), 中山大學經濟研究所諮詢委員(2013 -)

台灣大學/清華大學/中興大學-講座及特聘教授審議委員

台灣大學 計量理論與應用研究中心 諮詢委員(2013 - )

 

政府與企業諮詢顧問:

台灣高鐵公司(2011 -2012)

住宅地震保險基金董事(2008/07- )

行政院金融重建基金管理委員會委員(2001-2004)

行政院國家發展基金管理委員會委員(2014 - )

亞洲開發銀行(Asian Development Bank)顧問  (2002)

 

Associate/Guest Editor or Advisory Board

Advances in Pacific Basin Business, Economics and Finance (Co-editor)

Emerging Market Trade and Finance (Guest Editor) (SSCI) (2013, 2015)

International Review of Economics and Finance (Guest Editor) (SSCI) (2015, 2017)

Review of Pacific Basin Financial Markets and Policies (2013 -)

Pacific-Basin Finance Journal (1997 - 2006) (SSCI)

Academia Economic Papers (2001-2007)

Insurance Monograph (2001-2003)

Emerging Market Trade and Finance (Guest Editor) (SSCI)(2013, 2015)

International Journal of Business and Economics (2000 - )

Journal of Chinese Statistical Association (2006-2008)

Journal of Financial Studies (2000 - )

Journal of Management (2002 - )

Management Review (2003 - )

Pan Pacific Management Review (1999 -2007)

Review of Securities and Futures Markets (1998 - )

NSYSU Management Review (2010 -)

 

Ad hoc Referee for --

Journal of Money, Credit & Banking, Journal of Banking and Finance, Journal of Risk and Insurance, Journal of Economic Control and Dynamics, Quarterly Review of Economics and Finance, Contemporary Economic Policy, Economic Inquiry, Geneva Risk and Insurance Review, Insurance: Mathematics and EconomicsJournal of Risk, Quantitative Finance, International Review of Economics and Finance, Journal of International Financial Markets, Institutions & Money, Canadian Journal of Administrative Sciences, Review of Quantitative Finance & Accounting, Review of Pacific Basin Financial Markets and Policies,Asia Pacific Journal of Management, Economic Bulletin, etc.

 

(A) Refereed Journal Publications:

 

1.      “Catastrophe Risk Management with Climate and CO2 Indices,”(with C. -C. Chang) Journal of Risk and Insurance,(second revision), 2015.(SSCI)

 

2.      “Valuing Vulnerable Mortgage Insurance under Capital Forbearance" (with C. -C. Chang)Journal of Real Estate Finance and Economics (accepted) 2015.(SSCI)(DOI: 10.1007/s11146-015-9535-y)

 

3.      “Bank Contingent Capital: Valuation and Market Discipline," (with C. -C. Chang), Journal of Financial Services Research,(second revision), SSCI, 2015.

 

4.      “Diversification and performance of Islamic and conventional banks - A dynamic panel data approach" (with NW Chen, and HY Liang) Pacific-Basin Finance Journal,(second revision), 2015.(SSCI)

 

5.      "A Comparative Analysis of Accounting Based Valuation Models," (with S.-C. Lee, C.-T. Lin), Journal of Accounting, Auditing and Finance, (accepted,MOST: Accounting A-), 2015.

 

6.      "Systemic Risk, Financial Markets, and Performance of Financial Institutions in Taiwan"ANOR (Annals of Operation Research) (second revision), 2015. (SCI) (IF=1.312,  Q2)

 

7.      "Why Do Firms Issue SEOs and Increase Dividends Simultaneously? Evidence from U.S. Firms" (with A. Y F Ho, C.-T. Huang), Journal of Accounting, Auditing and Finance, (second revision,MOST: Accounting A-), 2015.

 

8.       “Generalized Optimal Wavelet Decomposing Algorithm for Big Financial Data,” (with Y.T. Chen and E. Sun), International Journal of Production Economics 165, July 2015, Pages 194–214.

 

9.      "Improving Model Performance with Integrated Wavelet Denoising Method", (with Y.T. Chen and E. Sun), Studies in Nonlinear Dynamics & Econometrics 19, Issue 4, Pages 445–467, 2015.(SSCI).

 

10.   “Advertising and Investor Recognition of Banking Firms: Evidence from Taiwan,” (with T.-L Liao and H.-C. Sung),”Emerging Markets Finance and TradeVol 52, Issue 4, Pages 812-824, 2016 (SSCI). (IF=0.576,  Q3)

 

11.   “Corporate Financial Decisions, Capital Markets, and Employment in Asia-Pacific Economies,”(with S.-C. Doong and S.-Y. Yang),Emerging Markets Finance and Trade, Vol 52, Issue 4, Page 775, 2016 (SSCI),(IF=0.576, Q3)

 

12.   “Systematic Risk and Volatility Skew,” (with C-W Wang and S-W Tzang), International Review of Economics and Finance, (accepted)(SSCI), 2015. (IF=0.984,  Q2)(DOI:10.1016/j.iref.2015.10.032)

 

13.   "Financial Transaction Tax: Policy Analytics based on Optimal Trading", (with E. Sun and T. Kruse), Computational Economics46, Issue 1, 2015, Page 103-141.(SSCI)(IF=0.505,  Q3)

 

14.   "High Frequency Trading, Liquidity, and Execution Cost," (with E. Sun and T. Kruse), ANOR (Annals of Operation Research) 223:403–432, 2014. (SCI) (IF=1.312,  Q2)

 

15.   “Valuation of Insurers' Contingent Capital with Counterparty Risk and Price Endogeneity,” (with C.-L. Lo and J-P Lee) Journal of Banking and Finance 37, 5025–5035, 2013.(SSCI) (IF=1.948,  Q1)

 

16.   "On Moment-Matching Approximations for Asian Options", (with C.-L. Lo and A. Palmer) Journal of Derivatives21, 103-122,2014. (SSCI)(IF=0.733,  Q4)

 

17.   “Book-to-Market Equity, Asset Correlations and the Basel Capital Requirements,”(with S.-C. Lee, C.-T. Lin), Journal of Business Finance and Accounting40, 991-1008, 2013. (SSCI).(IF=1.240,  Q2)

 

18.    “Price and Liquidity Effects of Switching Exchange Listings,” (with T.-L Liao),”Emerging Markets Finance and Trade49(3), 20-34, 2013. (SSCI). (IF=0.576,  Q3)

 

19.    “Institutional characteristics and trading mechanisms of financial markets in East Asia,” Emerging Markets Finance and Trade 49(3), 3-5, 2013. (SSCI). (IF=0.576,  Q3)

 

20.   “A Fractional Cointegration Approach to Testing the Ohlson Accounting Based Valuation Model,”(with SC Lee, CT Lin), Review of Quantitative Finance and Accounting41, Issue 3 (October 2013), Page 535-547.(JEL, EconLit, FLI).

 

21.   “Valuation of Catastrophe Equity Puts with Markov-Modulated Poisson Processes,”(with S. -K. Lin and C. -C. Chang) Journal of Risk and Insurance, Vol. 78, No.2, pp. 447-473, 2011. (SSCI, JEL, EconLit, FLI)

 

22.   “Research Performance of Finance Departments in Taiwan: 2003-2008,”(with Y. -P. Shen and H. -P. Tsai) Journal of Financial Studies, Vol. 19, No. 1, pp. 97-132, 2011.(TSSCI).

 

23.   “Pricing Unemployment Insurance - An Unemployment-Duration-Adjusted Approach," (with H.-L. Chuang) ASTIN Bulletin -The Journal of the International Actuarial Association, pp. 519-545, Vol. 40.2, 2010. (SSCI).

 

24.   “Catastrophic Losses and Alternative Risk Transfer Instruments,” (with J. -P. Lee). Handbook of Quantitative Finance and Risk Management, Chapter 48, pp. 753-766, 2010, Springer ISBN: 978-0-387-7716-8.

 

25.   “Estimating the Cost of Deposit Insurance with Stochastic Interest Rates: The Case of Taiwan,” (with H. Chuang, S. Lee, and Y. Chen) Quantitative Finance,Vol. 9, No. 1, pp. 1-8, 2009.(2009 Lead Article)(SSCI, FLI)

 

26.   “Volatility Estimation and the Performance of Multifactor Term Structure Models for Pricing and Hedging Euribor Options” (with I.-D. Kuo and C.-H. Lin), Review of Futures Markets, Vol. 17, No. 1, pp. 63-85, 2008.(JEL,EconLit)

 

27.   “Futures Margin Requirement - A Comparison of Value-at-Risk with Expected Shortfall Measures,” (with L.-C. Ho) Advances in Financial Planning and Forecasting, Vol. 3, pp. 211-234, 2008. (EconLit)

 

28.    “Valuation of Catastrophe Reinsurance with Catastrophe Bonds,” (with J. -P. Lee) Insurance Mathematics and Economics, Vol. 41, No. 2, pp. 264-278, 2007. (SSCI)

 

29.   “Premium Setting and Bank Behavior in a Voluntary Deposit Insurance Scheme,” (with T. -F Chiang and E. -C. Wu) Review of Quantitative Finance and Accounting,Vol. 29, No. 2, pp. 205-222, 2007.(JEL, EconLit, FLI)

 

30.   “Loan Guarantee Portfolios and Joint Loan Guarantees with Stochastic Interest Rates,” (with C. -C. Chang, S. -L. Chung) Quarterly Review of Economics and Finance, Vol. 46, No. 1, pp. 16-35, 2006. The official journal of Midwest Economics Association and Midwest Finance Association. (JEL, EconLit, FLI)

 

31.   “Optimal Reset Ratio for Reset Options with Liquidity Cost,” (with C. -H. Chang and H. -C. Tien) Journal of the Chinese Statistical Association, Vol. 44, No. 2, pp. 130-144, June, 2006. (Econlit)

 

32.   “The Valuation of a Euro-Convertible Bond with Embedded Options,”(with C. -G. Lin, C. -C. Chang, Y. -J. Huang) Journal of Financial Studies, Vol. 14, No. 3, pp. 35-68, August, 2006. (TSSCI)

 

33.   “Margins and Price Limits in Taiwan’s Stock Index Futures Market,” (with P. -H. Chou and M. -C. Lin) Emerging Markets Finance and Trade, Vol. 42, No. 1, pp. 65-91, 2006. (SSCI, JEL, EconLit)

 

34.   “Fair Insurance Guaranty Premia in the Presence of Risk-Based Capital Regulations, Stochastic Interest Rat and Catastrophe Risk," (with J. -C. Duan) Journal of Banking and Finance, Vol. 29, No. 10, pp. 2435-2454, 2005. Elsevier Science Publishers B.V. North-Holland. (SSCI, JEL, EconLit, FLI)

 

35.   “Bank Capital Forbearance and Valuation of Deposit Insurance,” (with S. C. Lee and J. P. Lee) Canadian Journal of Administrative Sciences, Vol. 22, No. 3, pp. 220-229, 2005. (SSCI, JEL).

 

36.   “Capital Requirements for Financial Holdings Companies in Taiwan,” (with T. -C. Lai) GenevaPapers on Risk and Insurance: Special Issue, pp. 1-15, July, 2005. (Shin Research Excellent Award by The Geneva Association and The International Insurance Society)

 

37.   “Risk Aversion and Price Limits in Futures Markets,” (with P. Chou, M. Lin) Finance Research Letters, Vol. 2, No. 3, pp. 173-184, 2005. Elsevier Science Publishers B.V. North-Holland. (JEL, SSCI)

 

38.   “The Effectiveness of Coordinating Price Limits Across Futures and Spot Markets,” (with P. -H. Chou and M. -C. Lin) Journal of Futures Markets, Vol. 23, No. 6, pp. 577-602, 2003. (SSCI, JEL, EconLit, FLI)

 

39.   “Valuation of Pension Benefit Guarantees and Termination Conditions,” (with J. -P. Lee) Research in Finance, Vol. 20, pp. 159-180, 2003. Elsevier Science Publishers B.V. North-Holland.  (EconLit, FLI)

 

40.   “The Valuation of A Euro-Convertible Bond,” (with C. –G. Lin and C. –C. Chang) IEEE International Conference on Computational Intelligence for Financial Engineering, Proceedings, pp. 115-122, 2003. (EI)

 

41.   “Credit Enhancement and Loan Default Risk Premium,” (with C. Chang and V. S. Lai) Canadian Journal of Administrative Sciences, Vol. 19, No. 3, 301-312, 2002. (SSCI, JEL)

 

42.   "Valuation and Hedging of Differential Swaps," (C. Chang and S. Chung)Journal of Futures Markets, Vol. 22, No. 1, pp. 73-94, 2002.(SSCI, JEL, EconLit, FLI)

 

43.   “Contributions to Finance Journals by Academic Departments in Taiwan,” (with Y.P Shen and J. F. Chang), Review of Securities and Futures Markets, Vol. 14, No. 3, 1-44, Oct. 2002. (TSSCI)

 

44.   "Pricing Currency Options Under CIR Interest Rates Process and Stochastic Volatility,"(with M. Dong, C. Chang, S. Chung)Journal of Management, Vol. 19, No. 4, pp. 707-735, 2002. (TSSCI)

 

45.   “Pricing Default-Risky CAT Bonds With Moral Hazard and Basis Risk,” (with J. -P. Lee) Journal of Risk and Insurance, 2002, Vol. 69, 1, 25-44. (SSCI, JEL, EconLit, FLI)(Sample Article on JRI homepage)

 

46.   "Price Limits, Margin Requirements and Default Risk," (with P. H. Chou and M. C. Lin) Journal of Futures Markets, vol. 20, No. 6, pp. 573-602, 2000. (SSCI, JEL, EconLit, FLI)

 

47.   "Market Discipline of Canadian Banks’ Letters of Credit Activities: An Empirical Examination,"(with K. Hassan and V. Lai) Service Industries Journal, Vol. 22, No. 4, 187-208, 2002, (SSCI)

 

48.   "Measuring the Normal Contribution Costs for Salary-related Corporate Sponsored Defined Benefit Pension Plans, " (with C. -L. Chen, C. -C. Chang, S. L. Chung) Journal of Management, Vol. 17, No. 1, 101-117, 2000. (TSSCI)

 

49.   "Capital Standard, Forbearance and Deposit Insurance Coverage Under GARCH," (with J.C. Duan) Journal of Banking and Finance, Elsevier Science Publishers B.V. North-Holland, Vol. 23, No. 11, pp. 1691-1706, 1999. (SSCI, JEL, EconLit, FLI)

 

50.   “Banking Environment and Reform Measures of Taiwan During the Asia Financial Crisis,” in Rising to the Challenge in Asia: A Study of Financial Markets, Vol. 3, pp. 141-166, published by Asian Development Bank, 1999.

 

51.   "An Accurate Analysis of Vulnerable Loan Guarantees," (with V. S. Lai) Research in Finance, Vol. 17, pp. 103-137, 1999. (EconLit, FLI).

 

52.   "Government Deposit Insurance and the Diamond-Dybvig Model," (with J. H. McCulloch) GenevaPapers on Risk and Insurance Theory, Vol. 23, No. 2, pp. 139-149, 1998. (SSCI, JEL, EconLit, FLI)

 

53.   "Measuring Risk-Based Premium and Risk-Based Capital Requirement for Insurers," (with C. C. Chang, M. Y. Dong) Advances in Financial Planning and Forecasting, Vol. 9, pp. 63-78, 1999. (EconLit, FLI)

 

54.   "Measuring Fair Capital Adequacy Holdings for Banks: The Case of Taiwan", Global Finance Journal, Vol. 7, No. 2, pp. 243-257, 1996. (EconLit, FLI)

 

55.   "Pricing Catastrophe Insurance Futures Call Spreads: A Randomized Operational Time Approach," (with C. Chang, J. Chang) Journal of Risk and Insurance Vol. 63, No. 4, pp. 599-617, 1996. (Lead Feature Article) (SSCI)

 

56.   "Opportunity Costs of Capital Forbearance during the Final Years of the FSLIC Mess," (with E. J. Kane) Quarterly Review of Economics and Finance, Vol. 36, No. 3, pp. 271-290, 1996. (Lead Article)(SSCI, EconLit, FLI))

 

57.   "Portfolio Insurance with Option Replication In Taiwan," (with F.B. Hsu) Review of Securities and Futures Markets, vol. 8, No. 1, pp. 31-44, January 1996.

 

58.   "Measuring the True Profile of Taxpayer Losses in the S&L Insurance Mess," (with E. J. Kane) Journal of Banking and Finance, Elsevier Science Publishers B.V. North-Holland, Vol. 19, No. 8, pp. 1459-1477, November 1995. (SSCI)

 

59.   "A Real Time Simulation On Cross Currency Arbitrage," (with G. Shyy) in New Directions in Finance, edited by D. K. Ghosh and S. Khaksari, published by Routledge, Chapter 19, pp. 266-275, 1995.

 

60.   "Interest Rate Risk and Duration Structure of Banks in Taiwan," (with C. H. Shen and C. C. Chen)Journal of Management, Vol. 12, No. 2, pp. 169-192, July 1995.

 

61.   "Interest Rate Swaps and the Pricing of Default Risk," (with Y. L. Duan) Review of Securities and Futures Markets, Vol. 7, No. 2, pp. 75-97, April 1995.

 

62.   "Forbearance and Pricing Deposit Insurance In a Multiperiod Framework," (with J. Duan) Journal of Risk and Insurance Vol. 61, No. 4, pp. 575-591, Dec. 1994. (SSCI, JEL)(Leading Article)

 

63.   "Do Bank Runs Exist in the Diamond-Dybvig Model,"(with T. M. Ho)Journal of Institutional and Theoretical Economics (JITE) Vol. 150, No. 3, September 1994, pp. 537-542. (SSCI, JEL)

 

64.   "How Much Did Capital Forbearance Add to the Tab for the FSLIC Mess?," (with E.J. Kane) Bank Structure and Competition, Federal Reserve Bank of Chicago, pp. 241-259, May 1994. (Also in NBER Working Paper No. 4701)

 

65.   "Assessing the Cost of Taiwan's Deposit Insurance," (with J. Duan) Pacific-Basin Finance Journal, Elsevier Science Publishers B.V. North-Holland, Vol. 2, No. 1, pp. 73-90, March 1994. (SSCI)

 

66.   "Alternative Valuation of the Cost of Deposit Insurance: An Application of Option Pricing Model With Stochastic Volatility," (with D.-Y. Hwang) NTU Management Review Vol. 4, No. 1, pp. 337-358, May 1993.

 

67.   "Regulatory Constraints and Deposit Insurance Pricing," (with L. Hsu), TaiwanEconomic Review, Vol. 21, No. 1, pp. 45-59, March 1993. (TSSCI)

 

68.   "A Reexamination of the Expense-Preference Behavior in S&Ls," (with H. L. Chuang and H. C. Chow), Proceedings of Chinese Economics Association Annual Conference, pp. 325-344, Dec. 1992. (TSSCI)

 

 

(B) Trade Journals in Banking and Finance:

 

1.     "Evaluating the Underwriting Cost of the Sixth Release of Government Shares of the China Steel Company," (with Z. H. Yen) Bank of Taiwan Quarterly, pp. 56-89, March 1997.

 

2.     "Government Appointed Directors at State-Owned Banks - A Principal-Agent Analysis," Quarterly Review of Central Deposit Insurance Company, Vol. 10, No. 3, pp. 39-48, March 1997.

 

3.     "An Empirical Investigation of Taiwan Corporate Bond Pricing - A Contingent Claims Analysis,"  (with I. C. Ko), Quarterly Journal of Medium-Business Banks, Vol. 19, No. 2, pp. 59-66, October 1995.

 

4.     "A Prudential Futures Trading System in Taiwan, " (with Y. L. Lin), Bank of Taiwan Quarterly, Vol. 45, NO. 4, pp. 196-221, December 1994.

 

5.     "A Review of Empirical Evidence on Expense Preference Behavior in Banking, (with H. L. Chuang and C. H. Chow), Quarterly Journal of Medium-Business Banks, Vol. 16, No.3, pp. 32-38, January 1993.

 

 

(C) Selected Conference Presentations and Proceedings:

(more than 100 conference presentations and proceedings, frequently serve as session chair and discussant)

 

1.      "Measuring the True Profile of Taxpayer Losses in the S&L Insurance Mess," (with E. -J. Kane), Western Economic Association International Conference, San Francisco, July 1992.

 

2.      "Opportunity Costs of Capital Forbearance during the Final Years of the FSLIC Mess," (with E. -J. Kane), Financial Management Association Annual Meeting, Toronto, Oct. 14, 1993.

 

3.      "The Cost of Taiwan's Deposit Insurance Guarantees: A Reassessment", (with J. -C. Duan), Proceedings of Chinese Finance Association Conference, pp. 111-135, May 1993.

 

4.      "Risk-Based Capital Adequacy for Banks in Taiwan", Proceedings of the Third International Conference on Asian-Pacific Financial Markets, pp. 147-160, September 1993, Singapore.

 

5.      "Asset Risk and Solvency Standards for Insurance Companies",Proceedings of the Conference on the Theories and Practices of Security and Financial Markets, Dec. 1993.

 

6.      "Opportunity Costs of Capital Forbearance during the Final Years of the FSLIC Mess," (with E. -J. Kane), Financial Management Association Annual Meeting, St. Louis, Oct. 13 1994.

 

7.      American Risk and Insurance Association Meeting, Seattle, August 10-13, 1995.

 

8.      "Capital Standard, Forbearance and Deposit Insurance Coverage Under GARCH," Seminar of European Group of Risk and Insurance Economist, Geneva, September 1995.

 

9.      "Government Deposit Insurance and the Diamond-Dybvig Model," (with J. H. McCulloch), Financial Management Association Annual Meeting, New Orlean, Oct. 9-12, 1996.

 

10.   "Pricing Catastrophe Insurance Futures Call Spreads: A Randomized Operational Time Approach," (with C. Chang, J. Chang), CBOT Research Symposium Proceedings, (formerly Review of Futures Market) pp. 1-28, Fall 1996-Part II. Also presented at Western Finance Association, Annual Conference, Sunriver, Oregon, June 19-22, 1996.

 

11.   "Premiums for Insurance Guaranty Fund With Interest Rate and Catastrophe Risk", (with J. -C. Duan), American Risk and Insurance Association Annual Meeting, San Diego, August 13, 1997.

 

12.   "Market Discipline of the Canadian Bank Letters of Credit Activities: An Empirical Examination,” (with M. -K. Hassan and V. -S. Lai)", Financial Management Association Annual Meeting, Hawaii, Oct. 15-18, 1997.

 

13.   “Credit Enhancement and Loan Default Risk Premium,” (with C. -C. Chang and V. -S. Lai), French Finance Association Annual Meeting, Lille, July 1-3, 1998.

 

14.   "Risk-Based Premiums for Insurance Guaranty Funds with Interest Rate and Catastrophe Risk" (with J. Duan), Financial Management Association Annual Meeting, Orlando, Oct. 07-09, 1999.

 

15.   “Price Limits, Margin Requirements and Default Risk,” (with P. -H. Chou and M. -C. Lin) CBOT Research Symposium, Honk Kong, Feb 22-23, 2000.

 

16.   “Effectiveness of Price Limits Across Markets,” (with P. -H. Chou and M. -C. Lin) Midwest Finance Association Annual Meeting, Chicago, Ill, March 31, 2000.

 

17.   “Pricing CAT Bonds With Moral Hazard and Basis Risk,”(with J. -P. Lee), Financial Management Association Annual Meeting, Seattle, Oct. 26, 2000.

 

18.   “An Empirical Investigation on the Dynamics of International Transmissions among Asia markets,” (with C. -W. Hsin, S. Rhee)Midwest Finance Association Annual Meeting, Cleveland, March 30, 2001.

 

19.   “Reset Warrants Pricing and Reset Terms,” (with C. -G. Lin), Midwest Finance Association Annual Meeting, Cleveland, March 29, 2001.

 

20.   ”Contribution to Finance Journals by Taiwanese Institutions,” (with Y. -P. Shen and F. -J. Chang)”, The 10th Conference on The Theories and Practices of Securities and Financial Markets, Dec. 2001.

 

21.   ”Deposit Insurance, Forbearance and Capital Requirement-A Compound Option Approach,” (with S. -C Lee)”, The 10th Conference on The Theories and Practices of Securities and Financial Markets, Dec. 2001.

 

22.   ”An Analysis of Loan Guarantee Portfolios and Joint Loan Guarantee with Stochastic Interest Rates,” (with C. -C. Chang and S. -L. Chung)”, The 10th Conference on The Theories and Practices of Securities and Financial Markets, Dec. 2001.

 

23.   ”Valuing A Euro-Convertible Bond,” (with C. -C. Chang and C. -G. Lin)”, The 10th Conference on The Theories and Practices of Securities and Financial Markets, Dec. 2001.

 

24.   “Deposit Insurance and Capital Requirements: Basle Accord vs. Value-at-Risk”, (with S. -C. Lee) TaiwanFinance Association Annual Meeting, April 26-27, 2002.

 

25.   “Deposit Insurance, Capital Forbearance and Moral Hazard”, (with S. -C. Lee) APFA/PACAP/FMA Annual Meeting, Tokyo, July 14-17, 2002.

 

26.   “Closure Rules and the Valuation of Pension Benefit Insurance Guarantees,”(with J. -P. Lee),Financial Management Association Annual Meeting, San Antonio, Oct. 18, 2002.

 

27.   “Deposit Insurance and Capital Requirements: Basle Accord vs. Capital-at-Risk”, (with S. -C. Lee), The 11th Conference on The Theories and Practices of Securities and Financial Markets, Dec. 15, 2002.

 

28.   “Some Recent Developments in Financial Institution Management and Derivative Research”, Research Workshops, National Chung Hsing University, Jan. 15, 2003.

 

29.“Capital Standard, Forbearance and Subordinated Debt Valuation,”(with J. -P. Lee)Financial Management Association Annual Meeting, Denver, Colorado, Oct. 10, 2003.

 

30.   “Catastrophe Reinsurance Valuation with Cat Bond Insurances,” (with J. -P. Lee)The 8th APRIA (Asia-Pacific Risk and Insurance Association) Annual Conference, Seoul, Korea, July 18 - 21, 2004.

 

31.   “Bank Runs, Capital Forbearance and Cost of Deposit Insurance,” (with J. -P. Lee) Financial Management Association Annual Meeting, New Orleans, Oct. 6-9, 2004.

 

32.   “Catastrophe Reinsurance Valuation with Catastrophe Bonds,”(with J. -P. Lee)Midwest Economics Association Annual Meeting, Milwaukee, Wisconsin, March 11 - 13, 2005.

 

33.   “Estimating Deposit Insurance Premiums with Stochastic Interest Rates: The Case of Taiwan,” (with S. -C. Lee and H. -L. Chuang) The Joint 14th Annual PBFEA and 2006 Annual FEAT Conference, Taipei, July 14-15, 2006.

 

34.   “Closure Rules and the Valuation of Pension Benefit Guaranty,” (with J. -P. Lee) Financial Management Association Annual Meeting, Salt Lake City, Utah, Oct. 11-14, 2006.

 

35.   “Deposit Insurance, Closure Rules, and Bank Runs,” Western Economics Association Annual Meeting, Seattle, Washington, June 29-July 3, 2007.

 

36.   “Bank Runs and the Cost of Deposit Insurance,” MidwestEconomic Association Annual Meeting, Chiacgo,March 14-16, 2008.

 

37.   “Volatility Estimation and the Performance of Multifactor Term Structure Models for Pricing and Hedging Euribor Options,” (with I-D Kuo) Asia-Pacific Futures Research Symposium, Seoul, April 2-3, 2008.

 

38.   Panel Cointegration Test of the Ohlson Model,Midwest Finance Association Meeting, Marriott, San Antonio, February 29-March 1, 2008.

 

39.   “Estimating the Cost of Deposit Insurance with Stochastic Interest Rates: The Case of Taiwan,” (with H. Chuang, S. Lee, and Y. Chen), 2008 AsianFA/NFA International Conference, Yokohama, July 6-9, 2008.

 

40.   “Plan Terminationss and the PBGC Insurance,”(with J. -P. Lee),Financial Management Association Annual Meeting, Dallas, Oct. 8-11, 2008.

 

41.   “Price Pressure around Exchange Listings” ( with H. Chuang and T. L. Liao ), Financial Management Association International, Reno, Nevada, Oct 21-24, 2009