Donald Smith

Donald J. Smith is an award-winning professor and teaches graduate-level courses on fixed income markets, as well as executive education courses. Professor Smith also consults to commercial and investment banks, financial firms, and law firms. He has written numerous articles for various academic and professional journals, and received his MBA and PhD from the University of California, Berkeley.

EDUCATION

PhD, University of California at Berkeley, 1982 MBA, University of California at Berkeley, 1979 BA, San Jose State University, San Jose, CA, 1970 Study Abroad Experience, University of Uppsala, Uppsala, Sweden, 1969

SELECTED PUBLICATIONS

• Adams, J., Smith, D. (In Press). Credit Analysis Models."Credit Analysis Models", CFA Institute
• Smith, D. (In Press). "Understanding CVA, DVA, and FVA: Examples of Interest Rate Swap Valuation", SSRN Electronic Journal
• Smith, D. (In Press). "Alternative Designs for Inflation-Indexed Bonds: P-Linkers vs. C-Linkers", SSRN Electronic Journal
• Smith, D. (2017). "Valuation in a World of Cva, Dva, and Fva", World Scientific Pub Co Inc
• Adams, J., Smith, D. (2017). CFA Institute Level Three Readings."CFA Institute Level Three Readings", CFA Institute 47-119
• Kawaller, I., Smith, D. (2017). "Interest Rate Swap Valuation since the Financial Crisis: Theory and Practice", SSRN Electronic Journal
• Smith, D. (2017). "Valuation in a World of CVA, DVA, and FVA:A Tutorial on Debt Securities and Interest Rate Derivatives",
• Smith, D., Adams, J. (2015). Fixed Income Analysis 3rd Edition Workbook."Fixed Income Analysis 3rd Edition Workbook", John Wiley & Sons
• Smith, D., Adams, J. (2015). Fixed Income Analysis 3rd Edition Workbook."Fixed Income Analysis 3rd Edition Workbook", John Wiley & Sons
• Smith, D. (2014). "Bond Math", Bloomberg Pr
• Adams, J., Smith, D. (2013). "Synthetic Floating-Rate Debt: An Example of an Asset-Driven Liability Structure", Journal of Applied Corporate Finance, 25 (4), 50-59
• Smith, D. (2013). "Valuing Interest Rate Swaps Using Overnight Indexed Swap (OIS) Discounting", Journal of Derivatives, 20 (4), 49-59
• Smith, D. (2013). "Bad Bond Math: An Object Lesson Using Bloomberg’s After-Tax Yields on Market Discount Bonds", The Journal of Wealth Management, 15 (4), 61-67
• Smith, D., Wang, Y. (2012). "Implications of Model Risk for Market Microstructure: Pricing and Trading of Illiquid Securities", International Research Journal of Applied Finance, III (6), 704-720
• Adams, J., Smith, D. (2011). "Pre-Issuance Hedging of Fixed-Rate Debt", Journal of Applied Corporate Finance, 23 (4), 102-112
• Smith, D. (2011). "Hidden Debt: From Enron's Commodity Prepays to Lehman's Repo 105s", Financial Analysts Journal, 67 (5), 15-22
• Smith, D. (2010). "Bond Portfolio Duration, Cash Flow Dispersion and Convexity", Applied Economics Letters, 17 (17), 1669-1672
• Adams, J., Smith, D. (2009). ""Mind the Gap: Using Derivatives Overlays to Hedge Pension Duration": Author Response", Financial Analysts Journal, 65 (6), 10-11
• Adams, J., Smith, D. (2009). "Mind the Gap: Using Derivatives Overlays to Hedge Pension Duration", Financial Analysts Journal, 65 (4), 60-67
• Smith, D. (2009). "A Primer on Bond Portfolio Value at Risk", Advances in Financial Education, 7
• Smith, D. (2008). "Moving from an Efficient to a Behavioral Market Hypothesis", Journal of Behavioral Finance, 9 (2), 51-52
• Smith, D., Wang, Y. (2007). "Expected Shortfall and Value-at-Risk: A Closer Look", GARP Risk Review
• Smith, D. (1998). "A Note on the Derivation of Closed-Form Formulas for Duration and Convexity Statistics On and Between Coupon Dates", Journal of Financial Engineering, 7 (2)
• Smith, D. (1997). "Aggressive Corporate Finance: A Close Look at the Procter & Gamble-Bankers Trust Leveraged Swap", Journal of Derivatives

AWARDS AND HONORS

• 2012, Top Ten Downloads, SSRN