Professor Peter Spencer
Professor of Economics and Finance



  • BSc, MSc(London)
  • Economic Adviser, Ernst & Young ITEM Club
  • Member of the Office for Budget Responsibility (OBR) Advisory Panel

Departmental roles

  • Programme Director, MSc Finance
  • Undergraduate Programme Director, Finance
  • Departmental Teaching Committee (ex officio Programme Director, Finance)
  • Examinations Committee (ex officio Programme Director, Finance)
  • Strategy Committee (ex officio Macro/Finance cluster leader)
  • Cluster Leader, Macroeconomics/Finance
  • Module Review Committee (UG & PG, ex officio Programme Director Finance)
  • Performance Reviewer



My main research interest is in arbitrage-free asset pricing models and I have recently been using these to model long term consumption & investment decisions and the valuation of distressed assets. I also work on issues in macro-finance, financial risk management and financial regulation. I am currently working on the following topics:

  • Long-term consumption and investment optimisation
  • Macro-finance models of international spillovers and the exchange rate
  • Default risk in the inter-bank market


Selected publications


Full details of publications can be found at RePEc



Third Year

  • The Structure and Regulation of Financial Markets


  • Financial Risk Management
  • Theory of Finance

Peter Spencer

Peter Spencer
Department of Economics
Room: A/EC/017

Tel: 01904 323771

Peter Spencer CV (PDF , 80kb)

Office & feedback hours during term time:

Tuesday 10:00-12:00