Michael Imerman serves as assistant professor of finance and co-director of the prestigious MS in Financial Engineering program. He is also developing a new master’s program focusing on financial innovation.
Prior to joining the Drucker School, Imerman was a faculty member at Lehigh University, where he was assistant professor of finance and held the Theodore A. Lauer Distinguished Chair of Investments. Prior to his tenure-track role at Lehigh, he was a postdoctoral researcher at Princeton University.
Imerman’s primary areas of expertise are in credit risk modeling, banking, financial regulation, risk management, structured finance, and financial technology. He has presented on all of these topics at academic conferences, seminars, regulators’ offices, and executive training sessions across the United States and on three different continents. Imerman’s research has been published in highly regarding banking, risk management, and quantitative economics journals. His most recent research examines the impact of technological innovation on financial services, more commonly known as “fintech.”
Imerman consults regularly with companies, both established and startups, on how to remain competitive in an environment of near-constant technological innovation. Since 2017 he has conducted over a dozen sessions ranging from hour-long executive education seminars to half-day professional development workshops to full-day intensive masterclasses.
He is currently an associate editor for The Journal of Risk Finance and serves on the editorial advisory board of the Journal of Financial Data Science.
Before his career in academia, Imerman worked as an analyst on Wall Street supporting high grade credit corporate bond and credit derivatives traders. He received his PhD in finance and economics and BS in finance from Rutgers University.
Co-authored with Joseph R. Mason, Rajesh P. Narayanan, and Meredith E. Rhodes. “Market Dynamics Among the ABX Index, Credit Default Swaps, and Mortgage-Backed Bonds.” Completed working paper.
Co-authored with Jianqing Fan and Wei Dai. “What does the volatility risk premium say about liquidity provision and demand for hedging tail risk?” Journal of Business and Economic Statistics 34, no. 4 (October 2016): 519-535.
Co-authored with Ren-Raw Chen, N.K. Chidambaran, and Ben J. Sopranzetti. “Liquidity, Leverage, and Lehman: A Structural Analysis of Financial Institutions in Crisis,” Journal of Banking and Finance 45 (August 2014): 117-139.
Co-authored with Joseph R. Mason and Hong Lee. “Self-reporting under SEC Reg AB and transparency in securitization: Evidence from loan-level disclosure of risk factors in RMBS deals.” The Journal of Risk Finance 15 (2014): 334-384.
“Structural Credit Risk Models: Endogenous Versus Exogenous Default.” In Encyclopedia of Finance, 2nd edition, edited by C.F. Lee and Alice C. Lee. Springer, 2013.
Co-authored with Larry Shepp. “Is mathematics able to give insight into current questions in finance, economics and politics?” arXiv preprint: http://arxiv.org/abs/1410.6084
MGT 391 Risk Management
MGT 339 Financial Derivatives
MGT 332 FinTech
MGT 402 Asset Management