Lewis Spellman teaches financial markets, with an emphasis on interpreting and analyzing current market and policy developments and market trends. His research interests include the value of third party financial guarantees, market estimates of bank risk, bank survival, and banking development. His teaching interests include debt, equity, and foreign exchange price trends, market intervention by governments, and macroeconomics and business conditions. Prof. Spellman received his BBA and MBA from the University of Michigan and his M.A. and Ph.D. from Stanford University.