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Academic Staff A-Z

Dr Andrea Macrina

AndreaMacrinaTelephone: +44 020 7848 2633

Email: andrea.macrina@kcl.ac.uk

Office: S5.36, Strand Building, Strand Campus

Title: Lecturer in Financial Mathematics

Personal Website

Biography

Dr Andrea Macrina is a Lecturer in Financial Mathematics in the Department of Mathematics.

Education

  • PhD in Mathematics (2007): An Information-Based Framework for Asset Pricing: X-Factor Theory and its Applications [PDF], Department of Mathematics, King's College London, UK.
  • MSc in Physics (2002): Towards a Gauge Invariant Scattering Theory of Cylindrical Gravitational Waves [PDF], Faculty of Natural Science, University of Bern, Switzerland.

Extended Academic Visits

  • Visiting Research Associate Professor (May 2009 - April 2010): Institute of Economic Research, Kyoto University, Japan
  • Research Visit (August/September 2008): School of Computational and Applied Mathematics, The University of the Witwatersrand, Johannesburg, RSA
  • Visiting Research Fellow (January - June 2008): Department of Mathematics, ETH Zurich, Switzerland

Professional Societies

  • Member of the London Mathematical Society.
  • Member of the Bachelier International Finance Society.
  • Member of Bernoulli Society for Mathematical Statistics and Probability.

Languages

Italian, German, French, English

Research Interests 

  • Information-based modelling of asset prices
  • Credit risk and pricing of credit derivatives
  • Interest rate modelling
  • Models for inflation and of inflation-linked securities
  • Insurance reserving
  • Hybrid products
  • Price Formation
  • Resources and Emissions Limited Systems

Selection of Publications

J. Akahori and A. Macrina (2011) Heat Kernel Interest Rate Models with Time-Inhomogeneous Markov Processes. To appear in: International Journal of Theoretical and Applied Finance. arXiv.org: 1012.1878 [Link]

D.C. Brody, L.P. Hughston, and A. Macrina (2011) Modelling Information Flows in Financial Markets. Advanced Mathematical Methods for Finance, G. Di Nunno and B. Oksendal, editors, Springer Verlag. arXiv.org: 1004.4822 [Link]

D.C. Brody, L.P. Hughston, and A. Macrina (2011) Credit Risk, Market Sentiment and Randomly-Timed Default. Stochastic Analysis 2010, D. Crisan, editor, Springer Verlag. arXiv.org: 1006.2909 [Link]

D. Filipovic, L.P. Hughston, and A. Macrina (2011) Conditional density models for asset pricing. To appear in: International Journal of Theoretical and Applied Finance. arXiv.org: 0911.1610 [Link]

E. Hoyle, L.P. Hughston, and A. Macrina (2011) Levy Random Bridges and the Modelling of Financial Information. Stochastic Processes and Their Applications 121, 856-884. arXiv.org: 0912.3652 [Link]

L.P. Hughston and A. Macrina (2010) Discrete-Time Interest-Rate Modelling. Proceedings of the 7th International ISAAC Congress (Ruzhansky, Wirth ed.), World Scientific Press. arXiv.org: 0911.0750 [Link]

A. Macrina and P.A. Parbhoo (2010) Security Pricing with Information-Sensitive Discounting. Recent Advances in Financial Engineering 2009, Proceedings of the KIER-TMU International Workshop on Financial Engineering 2009. World Scientific Publishing. arXiv.org: 1001.3570 [Link]

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