Francis Laatsch, Ph.D.
Dr. Laatsch came to The University of Southern Mississippi in 2008 after a twenty year stint at Bowling Green State University in Ohio. He served as interim chair of the Department of Finance, Real Estate, and Business Law between 2009 and 2011. At USM, he has taught primarily the financial services classes and some real estate courses. His recent research efforts address retirement and the future of Social Security, the effectiveness of the TARP program, and the responses of Treasury securities to hyperinflation.
Dr. Laatsch has published numerous articles in journals such as The Journal of Futures Markets, The Journal of Derivatives, and Financial Services Review. He serves as the finance section editor for Advances in Accounting, Finance, and Economics. He earned his Chartered Financial Analyst® (CFA®) charter in 1985 and received the Certified Financial Planner® (CFP®) designation in 2001.
Inflation, Hyperinflation, Adjustment Lags: Why TIPS Don’t Guarantee Real Rates of Return. Journal of Financial Planning. Volume 26, Number 5, 2013, 54-59
Social Security and Retirement Savings Accounts. With Daniel P. Klein. Financial Services Review. Volume 19, Number 1, 2010, 37-57.
IPO Pricing and Equity Return Swaps. With James C. Brau and Mingsheng Li. Financial Decisions, Volume 20, Number 2, (Winter) 2008.
The Taxation of TIPS Bonds: The TIPS Swap Alternative. With Daniel P. Klein. Journal of Taxation of Financial Products, Volume 6, Issue 1, 2006, 11-18.
The Nominal Duration of TIPS Bonds. With Daniel P. Klein. Review of Financial Economics. Volume 14, Number 1, 2005, 47-60.
The Role of GNMA IO and PO Strips in Individual Investor’s Portfolios. The Journal of Accounting and Finance Research, Volume 13, Number 1, July 2005, 1-3.
The Relationship Between Embedded Inflation in TIPS Bonds and the GSCI. The Journal of Accounting and Finance Research. Volume 12, Number 1, (Spring) 2004.
An Intraday Analysis of the Mexican Stock Exchange. With Kent P. Ragan and J. Christopher Hughen. The Journal of Accounting and Finance Research, Volume 11, Number 5, (Fall II) 2003.
Nominal Rates, Real Rates, and Expected Inflation: Results from a Study of U.S. Treasury Inflation-Protected Securities. With Daniel P. Klein. The Quarterly Review of Economics and Finance, Volume 43, 2003, 405-417.
Social Security and Equity Swaps. The Journal of Financial Planning (Online), April 2003, http://www.fpanet.org/journal/BetweentheIssues/Essays/040203.cfm.
Withdrawal Patterns and Costs of Rebalancing on Taxable Portfolios. With J. Christopher Hughen and Daniel P. Klein. Financial Services Review, Volume 11, Number 4, (Winter) 2002, 341-366. An earlier version of this paper won the “Outstanding Paper in Financial Planning” prize awarded by the CFP® Board of Standards at the 2002 Academy of Financial Services meeting.
Withdrawal Rates, Buffer Portfolios, and Asset Allocation: Simulation Results. With J. Christopher Hughen. The Journal of Accounting and Finance Research, Volume 10, Number 3, (Summer II) 2002, 67-75.
Tax Clienteles, Arbitrage, and the Pricing of Total Return Equity Swaps. The Journal of Derivatives, Volume 8, Number 2, (Winter) 2000, 37-46. In addition, this article was abstracted in the August 2001 issue of The CFA Digest.
An Investigation of the Causal Relationships between Index and Component Stock Implied Volatility. With Shane A. Johnson. Managerial Finance, Volume 21, Number 10, 1995, 26-40.
Have Individual Investors Grown More Sentimental? With Christopher P. Contino. The Journal of Financial and Strategic Decisions, Volume 7, Number 1, (Spring) 1994,
Specialist Markets versus Competing Market Makers: A Note on their Differences in Implied Volatility. With Scott P. Stokes. The Journal of Financial and Strategic Decisions, Volume 5, Number 2 (Summer) 1992, 53-61.
Dynamic Efficiency and Price Leadership in Stock Index Cash and Futures Markets. With Thomas V. Schwarz. The Journal of Futures Markets, Volume 11, Number 6, (December) 1991, 669-683.
A Note on the Effects of the Initiation of Major Market Index Futures on the Daily Returns of the Component Stocks. The Journal of Futures Markets, Volume 11, Number 3, (June) 1991, 313-317.
Price Discovery and Risk Transfer in Stock Index Cash and Futures Markets. With Thomas V. Schwarz. The Review of Futures Markets, Volume 7, Number 2, 1988, 272-289.