{{Short description|British financial mathematician}} {{Use dmy dates|date=September 2025}} {{Infobox scientist | name = Carol Alexander | image = | alt = | caption = | birth_name = Carol Olivia Alexander | birth_date = | birth_place = | citizenship = British | fields = Financial mathematics; finance | workplaces = University of Sussex<br>ICMA Centre | alma_mater = University of Sussex (BSc, PhD)<br>London School of Economics (MSc) | known_for = Financial risk management<br>Derivatives<br>Crypto-asset markets | notable_works = ''Market Risk Analysis'' (4 vols.) | awards = | doctoral_advisor = Walter Ledermann | website = {{url|coalexander.com}} }} '''Carol Olivia Alexander''' is a British financial mathematician and academic. She is a professor of finance at the University of Sussex, known for her research on financial markets, derivatives, and risk management. She is the author of the four-volume textbook ''Market Risk Analysis'' (2008), which is widely cited in the field.
==Career== Alexander began her academic career as a postdoctoral fellow at the University of Amsterdam from 1981 to 1982,<ref>{{cite web |title=Carol Alexander |url=https://www.socialscience.international/carol-alexander |website=Social Science Encyclopedia}}</ref> before returning to the University of Sussex as a lecturer in mathematics and economics. From 1999 to 2012 she held the Chair of Financial Risk Management at the ICMA Centre, part of the Henley Business School at the University of Reading.<ref>{{cite web |title=Professor Carol Alexander |url=http://www.icmacentre.ac.uk/about_us/academic_staff/professor_carol_alexander |website=ICMA Centre |archive-url=https://web.archive.org/web/20081206051407/http://www.icmacentre.ac.uk/about_us/academic_staff/professor_carol_alexander |archive-date=6 December 2008 |language=en}}</ref> In 2012 she rejoined the University of Sussex as Professor of Finance and served as Head of Business and Management between 2013 and 2015, during which time the department transitioned to the Sussex Business School.<ref name= Sussex>{{cite web |title=Carol Alexander |url=https://profiles.sussex.ac.uk/p2765-carol-alexander |website=University of Sussex}}</ref>
She has also held visiting appointments, including a professorship at the Peking University HSBC Business School.<ref>{{cite web |title=Carol Alexander – Visiting Professors |url=https://english.phbs.pku.edu.cn/2019/scholar_0311/113.html |website=Peking University HSBC Business School |access-date=20 September 2025}}</ref>
==Research== Alexander’s research focuses on financial risk, derivatives,<ref>{{cite journal |last1=Alexander |first1=Carol |last2=Chen |first2=Xi |last3=Deng |first3=Jun |last4=Wang |first4=Tianyi |title=Arbitrage opportunities and efficiency tests in crypto derivatives |journal=Journal of Financial Markets |date=November 2024 |volume=71 |article-number=100930 |doi=10.1016/j.finmar.2024.100930 |doi-access=free }}{{psc|date=October 2025}}</ref> volatility modelling,<ref>{{cite journal |last1=Alexander |first1=Carol |title=Normal mixture diffusion with uncertain volatility: Modelling short- and long-term smile effects |journal=Journal of Banking & Finance |date=December 2004 |volume=28 |issue=12 |pages=2957–2980 |doi=10.1016/j.jbankfin.2003.10.017 }}{{psc|date=October 2025}}</ref> and cryptocurrencies. Her recent publications have examined topics such as Bitcoin option pricing,<ref>{{cite journal |last1=Alexander |first1=Carol |last2=Imeraj |first2=Arben |title=Delta hedging bitcoin options with a smile |journal=Quantitative Finance |date=4 May 2023 |volume=23 |issue=5 |pages=799–817 |doi=10.1080/14697688.2023.2181205 |doi-access=free }}{{psc|date=October 2025}}</ref> hedging with crypto futures, and the performance of risk measures including Value-at-Risk<ref name=QF /> and Expected Shortfall.<ref name=QF>{{cite journal |last1=Alexander |first1=Carol |last2=Dakos |first2=Michael |title=Assessing the accuracy of exponentially weighted moving average models for Value-at-Risk and Expected Shortfall of crypto portfolios |journal=Quantitative Finance |date=4 March 2023 |volume=23 |issue=3 |pages=393–427 |doi=10.1080/14697688.2022.2159505 |doi-access=free }}{{psc|date=October 2025}}</ref>
Since 2013, Alexander has served as an editor of the ''Journal of Banking and Finance''.{{fact|date=October 2025}}
==Selected honours == * 2002 Honorary Professorship, Bucharest Academy of Economic Studies<ref>{{cite web |title=Professor Carol Alexander |url=https://dofin.ase.ro/cv%20professor%20carol%20alexander.php |publisher=Bucharest Academy of Economic Studies}}</ref> * 2007 Professional Risk Managers' International Association Higher Standard Award<ref>{{cite web |title=Lecturer Shares Top Award With Nobel Prize Winner |url=https://www.icmacentre.ac.uk/news/2006/lecturer-shares-top-award-with-nobel-prize-winner |website=ICMA Centre |language=en}}</ref> * 2024 European Female Quant of the Year by Rebellion Research<ref>{{cite web |last1=Fleiss |first1=Alex |title=Carol Alexander 2024 European Female Quant of the Year |url=https://www.rebellionresearch.com/carol-alexander-2024-european-female-quant-of-the-year |website=Rebellion Research |date=2 January 2025}}</ref>
== Books == *''Corruption and Fraud in Financial Markets: Malpractice, Misconduct and Manipulation'', John Wiley & Sons, 2022, {{ISBN|978-1-119-42177-1}} *''Market Risk Analysis, Value at Risk Models'', Wiley, 2009, {{ISBN|978-0-470-99788-8}} *''Market Risk Analysis, Pricing, Hedging and Trading Financial Instruments'', Wiley, 2008, {{ISBN|978-0-470-77281-2}} *''Market Risk Analysis, Practical Financial Econometrics'', Wiley, 2008, {{ISBN|978-0-470-77103-7}} *''Market Risk Analysis, Quantitative Methods in Finance'', Wiley, 2008, {{ISBN|978-0-470-77102-0}} *''The Professional risk Managers' Handbook: A Comprehensive Guide to Current Theory and Best Practices'' PRMIA Publications, 2005, {{ISBN|978-0-976-60970-4}} *''Operational Risk: Regulation, Analysis and Managements'', Pearson Education, 2003, {{ISBN|978-0-273-65966-2}} *''Mastering Risk: Volume 2 - Applications'', Financial Times Management, 2001, {{ISBN|978-0-273-65436-0}} *''Market Models: A Guide to Financial Data Analysis'', Wiley, 2001, {{ISBN|978-0-471-89975-4}}<ref>{{cite journal |last1=Giot |first1=P. |title=Carol Alexander 2001. Market Models: A Guide to Financial Data Analysis |journal=Journal of Financial Econometrics |date=1 September 2003 |volume=1 |issue=3 |pages=471–473 |doi=10.1093/jjfinec/nbg019 |url=https://academic.oup.com/jfec/article-abstract/1/3/471/836088?|url-access=subscription }}</ref> *''Visions of Risk'', ISMA Centre, 2000, {{ISBN|978-0-877-78320-6}} *''Risk Management and Analysis, New Markets and Products'', Wiley, 1999, {{ISBN|978-0-471-97959-3}} *''Risk Management and Analysis, Measuring and Modelling Financial Risk'', Wiley, 1999, {{ISBN|978-0-471-97957-9}} *''The Handbook of Risk Management and Analysis'', Wiley, 1996, {{ISBN|978-0-471-95309-8}}
== References == <!-- Inline citations added to your article will automatically display here. See en.wikipedia.org/wiki/WP:REFB for instructions on how to add citations. --> {{reflist}} {{authority control|qid=Q30078516}} {{DEFAULTSORT:Alexander, Carol}} Category:Living people Category:British economists Category:Financial economists Category:Women economists Category:Academics of the University of Sussex Category:Alumni of the London School of Economics Category:Alumni of the University of Sussex Category:Year of birth missing (living people)