PROF Paul Kofman

PROF Paul Kofman


  • Business Cycles and Default Risk (Asset pricing; Merton's default likelihood)
  • Constrained portfolio allocation
  • Diversification Breakdown and Downside Risk (Exceedance correlations; Portfolio allocation)
  • Extreme value analysis and financial applications
  • Financial econometrics
  • Insurance Pricing (Automobile insurance; Asymmetric Information)
  • Insurance rate making
  • Market Discipline of Financial Institutions (Credit spreads; Bank risk)
  • Price discovery in regulated financial markets
  • Regulation of Derivatives Exchanges (Limits; Spreads; Margins)



  • Professor Paul Kofman holds a PhD in Economics (1991) from Erasmus University Rotterdam, the Netherlands. He came to Australia in 1994 as a Lecturer in Econometrics at Monash University. After subsequent positions at UNSW and UTS, he was appointed as Professor of Finance at The University of Melbourne in 2001 and was Head of Department from 2006 until 2010. Following two years as Deputy Dean (Faculty), he became Dean of the Faculty of Business and Economics in May 2012. Professor Kofman currently holds the Sidney Myer Chair of Commerce. His main research interest is in quantitative finance and the ethics of finance, but he has also published papers in international trade, econometrics, and actuarial journals, including the Financial Analysts Journal, the Journal of Applied Econometrics, the Journal of Banking and Finance, the Journal of International Economics, and the Journal of Business and Economic Statistics. He has received numerous research grants including ARC discovery and linkage grants. He is an associate editor of the Journal of International Money & Finance, the International Journal of Managerial Finance, the Review of Futures Markets and JASSA.   


Member of

  • Professional Risk Managers' International Association. Member 2001 -
  • Global Association of Risk Professionals. Member 1998 -
  • The American Finance Association. Member 1994 -
  • The Econometric Society. Member 1990 -


Selected publications


Investigator on


Education and training

  • PhD, Erasmus University Rotterdam 1991

Awards and honors

  • Sydney Futures Exchange, 1996