Director
William T. Lin ( also“Tsalm-hsiang Lin”)
　 　
           　 Education：
Doctoral ~
　 　 　 Degree：Doctor of Business Administration in Finance,Boston University, U.S.A.
Major：Finance
Dissertation：“PRICING EQUITY SWAPS”
Master's ~
　 　 　 Degree：Master of Business Administration, National Chiaotung University
Major：Management Science
Thesis：“A study of credit rating system of foreign-owned banks”
Bachelor ~
　 　 　 Degree：Bachelor of Science, National Taiwan University
Major：Physics
Work Experience：
　　 Professor, Department of Banking and Finance, Tamkang University, Taiwan

　Also serving as ~

　　　

 Chairman, Financial Engineering Association of Taiwan
　　　 Professor of Finance, National Institute Development Administration (NIDA), Thailand
　　　 Standing Board Member, Bank of Overseas Chinese
　 Board Member, Taiwan Stock Exchange
　　　 Supervisor, Taiwan Futures Exchange
　　　 Supervisor, Eastern Broadcasting Company
　　　 Director, Polaris Research Institute　
　　　 Director, Contemporary Academic Development Foundation
　　　 Adviser, Chinese National Futures Association　
Financial Research Consultation Committee, Taiwan Academy of Banking and Finance
Editor, Taiwan Financial Research Quarterly, Taiwan Academy of Banking and Finance
Editor, SME Development Quarterly, SME Bureau of Economic Affairs Ministry
Asso. Editor, Review of Pacific Basin Financial Markets and Policies, World Scientific New York

　Previously served as ~
Associate Professor and Chairperson, Department of Finance, Tamkang University, Taiwan
Professor, Institute of Finance, National Chiao-Tung University, Taiwan
Professor, IEMBA Program, National Taipei University, Taiwan
Board Member, Taiwan Futures Exchange
Board Member, China Development Financial Holding Corp.
Board Member, China Development Industrial Bank
Board Member, First Commercial Bank
Commissioner, National Stabilization Fund, Executive Yuan
Advisor to the Board Chairman, Seamico Securities Public Co., Thailand
Research Interests：
Financial Engineering and Applications
Financial Institutions and Markets
Financial Risk Management
Fixed Income Securities
Market Microstructures
Real Options and Hi-tech Capital Budgeting
Teaching Experience：
National Chiao-Tung University, ‘Real Options’, Master’s Program
National Taipei University, ‘Options, Swaps and other Derivatives’, IEMBA Program
Fu-Jen University, ‘Derivative Pricing and Trading’, EMBA Program
Tamkang University, ‘Financial Engineering’, ‘Seminar on Financial Topics’, ‘Options’, Undergraduate Program
Tamkang University, ‘Seminar on Financial Engineering’, EMBA Program
Tamkang University, ‘Advanced Financial Engineering’, Ph. D. Program
Tamkang University, ‘Interest Rate Derivatives‘, ‘ Investments‘, Master’s Program
Publications：

I. Journal Papers ( Those with * are in English, others in Chinese)
1. David Sun, William T. Lin, and Chien-Chung Nieh, “Empirical Decomposition of Credit Spreads and Diversification”, Forthcoming on Review of Securities and Futures Markets, Vol. 20, No. 3, 2008. *
2. William T. Lin, and David Sun, “Liquidity-Adjusted Benchmark Yield Curve: A Look at Trading Concentration and Information”, Forthcoming on Review of Pacific Basin Financial Markets and Policies, 2007. *
3. David Sun, William T. Lin, and Chien-Chung Nieh, “Diversification with Idiosyncratic Credit Spreads: A Pooled Estimation on Heterogeneous Panels”, Taiwan Financial Research Quarterly, Vol. 8, No. 2, 1-28, 2007. *
4. William T. Lin and Chang-Wen Duan, “Oil Convenience Yields Estimated Under Demand/Supply Shock,” Review of Quantitative Finance and Accounting, Vol.28, No.2, 203-225, 2007. *
5. Chang-Wen Duan, William T. Lin and Cheng-Few Lee, “Sequential Capital Budgeting as Real Options: The Case of A New DRAM Chipmaker in Taiwan,” Review of Pacific Basin Financial Markets and Policies, Vol.6, No.1, 87-112, 2003.*
6. William T. Lin, “Computing a Multivariate Normal Integral for Valuing Compound Real Options,” Review of Quantitative Finance and Accounting, 18:185-209, 2002. *
7. Kuang-Ping Ku, and William T. Lin, “Important Factors of Estimated Return and Risk: The Taiwan Evidence,” Review of Pacific Basin Financial Markets and Policies, Vol.5, No.1, 71-92, March 2002. *
8. Humin Chung, William T. Lin, and Soushan Wu, “An Analysis of Long Memory in Volatility for Asian Stock Markets,” Review of Pacific Basin Financial Markets and Policies, Vol.3, No. 3, 309-330, Sept. 2000 *
9. William T. Lin, "Pricing Interest Rate Swaps with Stochastic Volatility," Advances in Investment Analysis and Portfolio Management, Vol.7, 191-207, winter 2000. *
10. William T. Lin, "Pricing Equity Swaps," Journal of Financial Studies, Vol.5, 43-72, Oct. 1997. *
11. Kuang-Ping Ku, William T. Lin and David Sun, “Comparing SPAN System with the Current Margining Practice in TAIFEX,” TAIFEX Review, Vol.8, 22-55, 2006.
12. Shih-Chuan Tsai, William T. Lin and David Sun, “Smoothing B-spline and Liquidity-weighted Yield Curve Fitting,” Gretai Securities Montly, Vol.117, 81-98, 2006.
13. William T. Lin, Shih-Chuan Tsai and Fu-Yao Hsieh, “The Approximation of  Liquidity-weighted Yield Curve Fitting,” Bank of Taiwan Quarterly, Vol.57, No. 2, 162-174, 2006.
14. William T. Lin and Chang-Wen Duan, “The Feasibility of Stoploss Orders in the Options Market (I),” TAIFEX Review, Vol.8, No. 1, 11-21, 2006.
15. William T. Lin and Chang-Wen Duan, “The Feasibility of Stoploss Orders in the Options Market (II),” TAIFEX Review, Vol.8, No. 3, 15-28, 2006.
16. Kuang-Ping Ku, and William T. Lin, “The Development of Index Related Instrument -SPDRs and the Tracker Fund of Hong Kong,” Gretai Securities Monthly, No.63, September 2001.
17. Kuang-Ping Ku, and William T. Lin, “Pricing Behavior of Stocks Switching from OTC to TSE listing - Before and After” Asia Pacific Review of Social Science and Technology, Vol.1, No.1, 149-168 , September 2001.
18. William T. Lin, Kuang-Ping Ku and Li-Jen Yeh, “A Comparison Between Listing in TSE and OTC in Taiwan – Current Status, Rules and Characteristics” Gretai Securities Monthly, No.59, 1-13, May 2001.
19. William T. Lin and Kuo-Kang Fan, “A Analysis Between the Adjustment of Self-Disciplinary Structure of Futures Markets in Taiwan and in United States, Japan and Singapore” Taimex Review, No.3, 3-27, May 2001.
20. William T. Lin and Ching-Chyi Lai, “Get Serious: How to Strengthen Functions of the Stock Market” Essays on Asian and Pacific Financial Markets and Policies, 136-141, March 2001.
21. William T. Lin, “BOT Investment Strategy as Portfolio of Real Options ” Essays on Asian and Pacific Financial Markets and Policies, 529-538, January 2000.

II. Working Papers (Those with * are in English, others in Chinese)
1. William T. Lin, David Sun and Shih-Chuan Tsai, “Long and Short Run Liquidity Effects on Term Structure: Evidences from the Taiwan Market”, 14th Conference on Pacific Basin Finance, Economics and Accounting, Taipei (Taiwan), 2006. *
2. William T. Lin, David Sun and Kuang Ping Ku, “Corporate Bond Spread Decomposition and Diversification A Pooled Estimation on Heterogeneous Panels,” Taiwan Banking and Finance Quarterly (under review) *

III. Books ( Those with * are in English, others in Chinese)
1. William T. Lin, Cheng-Few Lee and Chang-Wen Duan, “Multistage compound real options: theory and application,” in ENCYCLOPEDIA OF FINANCE, 555-584, Springer, 2006. *
2. William T. Lin et al., “Futures, Options, and Other Derivatives (a textbook),” 1-463, Securities & Futures Institute, September 2006
3. William T. Lin , “Enhancing International Competitiveness of Our Financial Industry with Financial Holding Companies,” National Policy Quarterly, December 2004

       Note : There are 19 other published articles on 13 journals between September 1998 and December 2004.

VI. Other Publications

1.

 “The New Basel Capital Accord Expedites Bank Upscaling,” Vanguard Investment Weekly, July 2004.

      Note : There are another 24 articles on 7 newspapers or journals between November 2001 and July 2004.