PNC Professor of Banking and Finance
Welcome to the College of Business! I invite you to explore our website and see what makes our college so special for our students and alumni. Our college hosts a diverse set of interests and backgrounds with students from several countries and almost all of Kentucky’s 120 counties.
We constantly strive to improve our academic standards so that we can offer you a challenging, top-quality academic experience. We believe we are making great strides in this direction, as our programs continue to earn both national and international accolades.
We believe in a spirit of entrepreneurship. This is evident by how we go about our business. We encourage our faculty to be innovative and to be receptive to the latest developments in their fields. We also provide avenues for our students to strengthen their skills and bolster the self-confidence that is necessary for leadership in a global world. You will learn not just about business basics, but also be equipped with digital expertise, an appreciation for analytical skills, and an understanding of global realities, all which are backed by essential communication.
We also take the view that college is more than just a classroom. We prompt students to travel and learn globally, by offering opportunities and scholarships to both qualified students and faculty to travel on international learning assignments. I encourage you to look into our travel abroad programs, and the world of opportunity that awaits you.
Our building is one of the showcase attractions on the University of Louisville’s campus, and includes the only Texas Roadhouse Student Center in the world! We are currently in the midst of a renovation that is transforming our classrooms, conference spaces and study rooms into next-generation learning environments. But, while we journey forward we do not lose sense of our history: we are proud to be one of the oldest universities in the U.S. (1798).
We invite you to please visit us. We believe you will experience a stimulating place to learn, network and grow during your time at the College of Business. The success of our alumni proves that a UofL degree will travel well with you, when you are ready to pursue your career dreams. Our Ulmer Career Management Center can provide you with useful information and the essential tools to help you launch a great career.
If you have any questions, please call us at (502) 852-6440, or send us an email and we will connect you with the appropriate personnel. We encourage you not to wait any longer, contact us today. It is an exciting time to be a business major at the University of Louisville. I look forward to seeing you on campus.
Dr. Rohan Christie-David
PNC Professor of Banking and Finance
An award-winning researcher and teacher, Professor Christie-David specializes in the areas of banking, financial derivatives, and market microstructure. With more than 30 articles in elite and high-quality journals, he was ranked among the “Most Prolific Authors in Finance Literature 1959-2008.” His publications include articles in the Journal of Business, Journal of Empirical Finance, Journal of Banking and Finance, Journal of Futures Markets, Journal of Derivatives, Review of Futures Markets, among others. He holds an ACIB from The Chartered Institute of Bankers (London), a MBA from Wake Forest University and a PhD in Business Administration (Finance) from the University of South Carolina.
- Stock-versus-Flow Distinctions, Information, and the Role of Inventory, with Adrangi, Chatrath, Ramchander and Miao, forthcoming in the Journal of Futures Markets.
- Market Comovements, Regulation, and Financial Crisis: Evidence from Indian Markets”, with Adrangi, Chatrath, and Mishra, forthcoming in the Review of Futures Markets.
- Hedging Price Risk When No Direct Hedge Vehicle Exists: The Case of Silicon, with Adrangi, Chatrath, Guk, and Malik, forthcoming in Applied Economics Letters.
- The Effects of Foreign Trading of U.S. Treasuries, with Ai, Chatrath, and Song, forthcoming in the Financial Review
- Public Information, REITs, Size and Leverage, with Chatrath and Ramchander, forthcoming in the Journal of Real Estate Research.
- Dominant Markets, Staggered Openings, and Price Discovery, with Adrangi, Chatrath, and Lee, forthcoming at the Journal of Futures Markets, Vol. 31, 2011, 915-946.
- Fundamentals and Oil Price Movements, with Chatrath, Lugli, and Santoso, forthcoming in the Review of Futures Markets, 2010.
- “Competitive Inventory Management in Treasury Markets,” co-authored with Arjun Chatrath, Kiseop Lee, and William T. Moore, Journal of Banking and Finance,Vol.33, 2009, 800-809.
- “How Potent are News Reversals?: Evidence from the Futures Markets,” co-authored with Arjun Chatrath and Kiseop Lee, Journal of Futures Markets, Vol 29, 2009, 42-73.
- “Deregulation, News Releases, and Price Discovery,” co-authored with Manfen Wang and William T. Moore, Journal of Regulatory Economics, Vol 31, 2007, 289-312.
- “The Macroeconomic News Cycle and Uncertainty Resolution,” co-authored with Arjun Chatrath and William T. Moore, Journal of Business, Vol 79, 2006, 2633-2657.
- “What Puts the Convenience in Convenience Yields,” co-authored with Bahram Adrangi, Arjun Chatrath, and William T. Moore, Review of Futures Markets, Vol 15, 2006, 201-227.
This manuscript, won an award at the Financial Management Association (FMA) Conference meetings October 2005, Chicago, Ill (runner-up in category Risk Management).
- “Futures Expiration, Contract Switching, and Price Discovery,” co-authored with Arjun Chatrath, Journal of Derivatives, Vol 12(2004), 58-72.
- “The Effects of Unanticipated Macroeconomic News on Debt Markets,” co-authored with Mukesh Chaudhry, and James T. Lindley, Journal of Financial Research, Vol. 26 (2003), pp 319-339.
- “Index Futures Leadership, Basis Behavior, Trader Selectivity,” co-authored with Arjun Chatrath, K. Dhanda, and Timothy Koch, Journal of Futures Markets, Vol. 22 (2002), pp 649-677.
- “News Releases, Market Integration, and Market Leadership,” co-authored with Mukesh Chaudhry and Walayet Khan, Journal of Financial Research, Vol. 25 (2002), pp 223-245.
- “Coskewness and Cokurtosis in Futures Markets,” co-authored with Mukesh Chaudhry, Journal of Empirical Finance, Vol. 8 (2001), pp 55-81.
- “The Responses of Interest-Rate Spreads to Information Releases,” co-authored with Raj Aggarwal, Timothy Koch, and Mukesh Chaudhry, Review of Quantitative Finance and Accounting. Vol. 16 (2001), pp 345-368.
- “The Risk of Foreign Currency Contingent Claims at US Commercial Banks,” co-authored with Mukesh Chaudhry, Timothy Koch, and Alan Reichert, Journal of Banking & Finance, Vol. 24 (2000), pp 1399-1417.
- “Price Discovery in Strategically-Linked Markets: The Case of the Gold-Silver Spread,” co- authored with Bahram Adrangi and Arjun Chatrath, Applied Financial Economics, Vol. 10 (2000), pp 227-234.
- “January Anomalies: Implications for the Market’s Incorporation of News,” co-authored with Mukesh Chaudhry, The Financial Review, Vol. 35 (2000), pp 79-96.
- “Currency Futures, News Releases, and Uncertainty Resolution,” co-authored with Mukesh Chaudhry, Global Finance Journal, Vol. 11 (2000), pp 109-127. This manuscript was judged the best paper in the category Currency Issues at the Global Finance Conference held in Mexico City, Mexico in April 1998.
- “Improper Trading and Market Effects: An Analysis of the Treasury Bond Futures Market on October 22, 1992,” co-authored with Timothy W.Koch and Mukesh Chaudhry, Financial Practice and Education Vol. 10 (2000), pp 17-28.
- “Price Dynamics and Information Flows in Strategically-Linked Debt Markets: The NOB & MOB Constituents,” co-authored with Arjun Chatrath and Mukesh Chaudhry, The Journal of Business, Finance, and Accounting. Vol. 27 (2000), pp 1003-1025.
- “Do Macroeconomic News Releases Impact Gold and Silver Prices?,” co-authored with Timothy Koch and Mukesh Chaudhry, Journal of Economics and Business, Vol. 52 (2000), pp 405-421.
- “Liquidity and Maturity Effects Around News Releases,” co-authored with Mukesh Chaudhry, Journal of Financial Research, Vol. 22 (1999), pp 47-67.
- “Price Discovery in Strategically-Linked Markets: The TED Spread and its Constituents,” co- authored with Arjun Chatrath and Mukesh Chaudhry, The Journal of Derivatives, Vol. 6 (1999), pp 77-87.
- “Long-term Structural Price Relationships in Real Estate Markets,” co-authored with W. H. Sackley and Mukesh Chaudhry, Journal of Real Estate Research, Vol. 18 (1999), pp 335-354.
- “Long-term Structural Price Relationships in Futures Markets,” co-authored with Mukesh Chaudhry, Journal of Derivatives, Vol. 5 (1998), pp 45-59.
- “Foreign Currency Exposure and the Hedging Possibilities for Pension Funds,” co-authored with W. H. Sackley and Mukesh Chaudhry, Managerial Finance, Vol. 24 (1998), pp 1-15. Lead Article.
- “The Impact of Market Specific Public Information on Return Variance in an Illiquid Market,” co-authored with Timothy W. Koch, Journal of Futures Markets, Vol. 17, No.8, December (1997), pp 887-908.
Ph.D., University of South Carolina
Coursework GPA 4.0 every semester except one
Ranked among top two students to graduate from program at time of graduation by faculty
M.B.A., Wake Forest University
Charles H. Babcock Tuition Scholarship Award
Graduated with Distinction (Top 10%)
A.C.I.B., The Chartered Institute of Bankers (London)
Letter of Commendation from the CIB for academic excellence
Graduated with Distinction (Top 5%)