Salih Neftci
| Salih N. Neftçi | |
|---|---|
| Born | 14 July 1947 Istanbul, Turkey |
| Died | 15 April 2009 Aubonne, Switzerland |
| Residence |
 , Switzerland
|
| Citizenship | Turkey, United States, Switzerland |
| Fields | Mathematical Finance |
| Institutions | CUNY Graduate Center, The New School, Baruch College, Swiss Finance Institute, University of Lausanne, ICMA Centre, International Monetary Fund, The World Bank, U.S. Department of State |
| Alma mater | University of Minnesota |
| Known for | Introductory book on Finance |
Salih N. Neftçi (14 July 1947 – 15 April 2009) was a leading expert in the fields of financial markets and financial engineering. He served many advisory roles in national and international financial institutions, and was an active researcher in the fields of finance and financial engineering. Professor Neftçi was an avid and highly regarded educator in mathematical finance who was well known for a lucid and accessible approach towards the field.
Salih was born into a prominent wealthy Turkish family with ties to the oil business (neft is Arabic for oil). Until he was 11, he lived in Kirkuk, Iraq, but then moved to Istanbul. His mother, Nermin Neftçi was the vice chairman of Turkish parliament, and the first woman in Turkey to be so. His father moved along with the rest of the family to Turkey. He received his B.S. in Economics from the Middle East Technical University and his Ph.D. in Economics from the University of Minnesota in 1977. His dissertation is entitled "Three essays in business cycle research." Throughout his life, Salih maintained close links with U.S. academia and Wall Street.
Prof. Neftci was diagnosed with Gliosarcoma, a type of malignant brain cancer and died on April 15, 2009. In November 2009, the Salih Neftci Memorial Scholarship Fund was endowed in perpetuity at Baruch College to help promote education and awareness of the financial engineering field of study.
Salih was one of the most productive researchers in financial engineering and taught in the areas of numerical methods of asset pricing, the mathematics of financial derivatives, emerging market asset trading strategies, and advanced risk management. Early in his career, Neftci specialized in econometrics and macroeconomics. He produced classic papers on relationships among aggregate time series, especially wages and employment, over the business cycle, which appeared in the very best journals in economics and statistics, including Econometrica, the Journal of Political Economy, the Journal of the American Statistical Association, and the Review of Economics and Statistics. Starting in the late 1980s, he turned his attention to finance and produced seminal books on the mathematics of financial derivatives and the principles of financial engineering.
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