A Student's Quick Guide to Understanding and Calculating Time Value of Money and Its Applications

Prior to joining the SIUE faculty, Dr. Hafer was a Research Officer with the Federal Reserve Bank of St. Louis. During his tenure at the Bank (1979 - 1989), he also held teaching positions at St. Louis University, the University of Missouri-St. Louis, was a Visiting Associate Professor of Economics at Washington University (1986-87) and was an Adjunct Associate Professor of Finance in the Olin School of Business, Washington University (1987-1988). Dr. Hafer also taught in the Stonier Graduate School of Banking (1990). In 1982 he was visiting Professor of Economics at Erasmus University, Rotterdam, The Netherlands. During August, 1998, he served as economic consultant to the Central Bank of the Philippines. Dr. Hafer has also been a visiting Scholar with the Research Department of the Federal Reserve Bank of Atlanta, the Federal Reserve Bank of St. Louis, and a Research Fellow with the Institute for Urban Research. Professor Hafer has published over 80 articles in scholarly journals, including The Journal of Finance, Journal of Monetary Economics, Journal of Money, Credit and Banking and the Journal of International Money and Finance, edited or co-edited three books on monetary policy and financial markets and has written for The Wall Street Journal and The St. Louis Post Dispatch. Professor Hafer has presented his research in meetings of the American Economic Association, the Western Economic Association, the Southern Economic Association and the Southwestern Finance Association. In 1990, he was the co-recipient of a Chicago Board of Trade Award for his work on the futures market, and the Georgescu-Roegen Prize in Economics for an article that appeared in the Southern Economic Journal. Speros Margetis is Assistant Professor of Finance at University of Tampa. He earned a B.S. in Finance from the University of Florida in 1993. He received an MBA in 1997 and a Ph.D. in 2004 from University of South Florida. Margetis' research interests include Earnings Management, Bond Valuation, Corporate Finance, Contagion, Earnings Restatements, and Insider Trading.