Économiste

Docteur es Sciences Economiques from the Catholic University of Louvain and Master of Business Administration from Cornell University, Jean Dermine is Professor of Banking and Finance at INSEAD, Fontainebleau.

Author of numerous articles on Asset & Liability Management, European Financial Markets, and the Theory of Banking, Jean Dermine has published four books: Pricing Policies of Financial Intermediaries (Laureate of the BACOB prize for financial research), European Banking in the 1990s (Basil Blackwell, Oxford), European Capital Markets with a Single Currency (Oxford University Press), and Asset & Liability Management, the Guide to Value Creation and Risk Control (FT/Prentice Hall, 2002). His research papers have appeared in the Journal of Financial Intermediation, Journal of Money, Credit and Banking, Journal of Banking and Finance, as well as in other academic and professional journals. Laureate of the EIB Prize for his essay Eurobanking, a New World, he is co-author of ALCO Challenge, a computer-based training simulation used in Europe, Africa, the Americas, and Asia.

Jean Dermine has been Visiting Professor at the Wharton School of the University of Pennsylvania and at the Universities of Louvain and Lausanne, at CESAG in Dakar, a Salomon Center Visiting Fellow at New York University, and a Danielsson Foundation Guest Professor of Bank Management at the Göteborg and Stockholm Schools of Economics. As a consultant or director of training programs, he has worked with several international banks, auditing and consulting firms, national central banks, European Central Bank, Bank for International Settlements, HM Treasury, the OECD, the World Bank, the European Commission, and the Mentor Forum for the US Supreme Court and the European Court of Justice.

Jean Dermine is the founder of the INSEAD Centre for International Financial Services, serving as member of the board of the BSI Gamma Foundation, and of the advisory board of the European Capital Markets Institute (ECMI). His current research deals with Asset & Liability Management, credit risk and loan loss provisioning, the pitfalls in RAROC-type methodologies, and European banking integration.

Recent publications:

"Bank Mergers in Europe, the Public Policy Issues," Journal of Common Market Studies 38:3 (September 2000).

"Credit Risk and the Deposit Insurance Premium, a Note," with F. Lajéri, Journal of Economics and Business (forthcoming).

INSEAD Case: "DCF vs Real Options: How Best to Value Online Financial Companies' (with an application to Egg)" (2000).