(HOME)                                        (OFFICE)

ADDRESS:      2220 Autumn Drive                       P.O. Box 2170
                        Jonesboro, AR 72404                   State University, AR 72467

PHONE/FAX:                                                       870-972-3038 / 870-972-3868

E-MAIL:          jwasham@astate.edu

EDUCATION:
School:             University of Mississippi
Major:              Finance
Degree/Date:    Ph.D. / December 1993

Dissertation: Distributional Assumptions and Option Valuation: An Empirical
                   Examination of Mortgage-Backed Futures Price Distributions
                   and the Implications for Option Pricing

School:             Arkansas State University
Major:              Business Administration
Degree/Date:    M.B.A. / August 1987

School:            Arkansas State University
Major:             Finance
Degree/Date:   B.S. / August 1986

ACADEMIC EMPLOYMENT:

Chair, Department of Accounting, Finance and Law, Arkansas State University
September 2000 to Present

Associate Professor of Finance, Department of Accounting, Finance and Law, Arkansas State University
August 1994 to Present (Assistant Professor 8/94 – 5/00)

• Advanced Management of Finance
• Seminar in Finance (Fixed Income Markets)
• Advanced Cash and Treasury Management (Special Problems)
• Managerial Finance (Cash Management)
• Business Finance
• International Financial Markets
• International Financial Management
• Financial Risk Management
• Capital Management

- Program Director, Corporate Treasury Management Program
- Member of the Graduate Faculty

Adjunct Faculty and Curriculum Designer, National Higher Education Treasury Academy
Treasury Institute for Higher Education and Purdue University
June 2001 to June 2004

• Design curriculum and materials for the National Higher Education Treasury Academy.  The Treasury Academy is a two course sequence sponsored by the Treasury Institute for Higher Education and Purdue University.  Treasury Academy courses may be completed as a certificate program or for graduate credit at Purdue.

• Co-instructor for the Treasury Academy courses

Instructor, Advanced Management Program, Center for Regional Programs,
Arkansas State University
August 1994 to December 1996

Assistant Professor of Finance, Department of Business Administration,
Arkansas State University
August 1992 to August 1994

Instructor of Finance, Department of Business Administration,
Arkansas State University
August 1989 to August 1992

OTHER EMPLOYMENT:

Senior Instructor, CME Faculty,
Association for Financial Professionals
Bethesda, MD
January 1997 to Present

• Facilitate 2-day Cash Management Essentials (CME) seminars at various locations throughout the country
• Train new CME faculty members
• Co-developer of the new CME seminar (The 10 public courses offered in 1999 sold out. Private courses were requested by major banks in the U.S. and Canada.)
• Technical consultant for the new multimedia CME software produced by TMA and iXL. This new CD ROM is the interactive media version of the live CME .

Lead Instructor, CCM Review Faculty,
Association for Financial Professionals
Bethesda, MD
January 1997 to December 2002

• Facilitate intensive 3-day CCM review courses at various locations throughout the country ( Private courses taught include BankBoston, Amsouth, and Mercantile Bank.)
• Review course materials
• Assist in training of new faculty members
• Technical advisor on TMA publications. Recent projects include:
• Essentials of Cash Management VI
• Investment Mathematics for Treasury Professionals
• The Corporate Guide to Payments System Risk

Advisory Council, LearningBridge,
Research Triangle Park, NC
January 1998 to October 1998

• Assist in the development of content certification exams and materials
• Observe and develop the presentation skills of instructors during LearningBridge client seminars

Lead Educator, LearningBridge National Investment Educator Network,
Research Triangle Park, NC
August 1997 to October 1998

• Facilitate 401(k) investment seminars for LearningBridge clients

PUBLICATIONS:

Journal Articles:

Dancer, W.T., G. Hale, G. Latanich, R. Roderick, E. Theis and J. Washam.
"Designing and Implementing an Assessment Process," Business Research Yearbook: Global Business Perspectives, March 1999.

Dancer, W.T., G. Jones and J. Washam. "Risky Roth IRAs," (Tax Brief) Journal of Accountancy, December 1998.

Washam, J. and H.D. Davis. "Evaluating Corporate Liquidity Levels," Treasury Management Association Journal, March/April 1998.

Washam, J. "Pricing Options with a Flexible Probability Distribution," International Journal of Finance, Vol. 8, No. 3 (1996).

Other:

Washam, J. and J. Tinucci. "Cash Management Essentials (CME),"

• CME is 2-day seminar offered throughout the year by the Association for Financial Professionals. The material was also used in the development of multimedia training software by AFP and iXL. The project included the production of participant materials, instructor materials, and PowerPoint slides for the seminar. I also served as technical consultant for the software development.

PAPERS IN PROCEEDINGS:

Washam, J. and R. Watkins. "Optimal Liquidity Levels: A Dynamic Programming Approach," Theory and Applications: Proceedings, Decision Sciences Institute, Southwest Region, March 1999.

Lawrey, C. and J. Washam. "An International Evaluation of Short-Term InterestRate Models," Theory and Applications: Proceedings, Decision Sciences Institute,
Southwest Region, March 1998.

PAPERS PRESENTED:

A Calculator and Excel Spreadsheet Framework for Continuous Compounding
(with Richard Taylor, Arkansas State University)
MidSouth Association of Business Disciplines
Jackson, MS
February 8, 2004

Interest Rate Volatility:  Non-Parallel Shifts in the Term Structure
(with Neva Simunkovic, Arkansas State University)
American Academy of Accounting and Finance
New Orleans, LA
December 12, 2003

Volatility Dynamics and the Forecastability of Short-Term Interest Rates
(with Matthew Hill, Mississippi State University)
American Academy of Accounting and Finance
New Orleans, LA
December 5, 2002

Short-Term Investment Strategies for Low and Rising Interest Rate Environments
Financial Management Conference of the South
Atlanta, GA
June 6, 2002

Implementing VAR Techniques in Your Everyday Activities
Treasury Management Conference of the South
Atlanta, GA
June 7, 2001

Measuring and Creating Value in the New Economy
Electronic Commerce 2001
San Francisco, CA
January16,  2001

Understanding and Creating Shareholder Value:
Cash Management and Treasury Strategy
(with Don Burke, Vice President and Corporate Controller, Floorings America)
Treasury Management Conference of the South
Atlanta, GA
June 6, 2000

Weaving E-Commerce into Global Business Strategy
(with Jeff Lewis, President, Lewis & Company)
Electronic Commerce 2000
National Automated Clearing House Association
Orlando, FL
February 2, 2000

Managing Through Euro-Mania: Year One, Best Practices and Strategy Development
(with Jeff Lewis, President, Lewis & Company)
Treasury Management Association Annual Conference
Los Angeles, CA
October 27, 1999

Which International Financial Service Center is Best for You?
(with Jeff Lewis, President, Lewis & Company)
Treasury Management Association Annual Conference
Los Angeles, CA
October 26, 1999

Forecasting Techniques for Treasury Managers: Practical Tools  
and Applications
(with Jeff Lewis, President, Lewis & Company)
3-hour workshop
Treasury Management Association Annual Conference
October 24, 1999
Los Angeles, CA

Evaluating Corporate Liquidity Levels (Update)
(with Angel Peli, Cash Operations Manager, International Paper)
Invited
Treasury Management Association Annual Conference
November 18, 1998
Orlando, FL

Obstacles and Opportunities
Keynote Address (Invited)
Kansas City TMA Spring Conference
April 23, 1988
Kansas City, MO

Evaluating Corporate Liquidity Levels
(with Doug Davis, Domestic Cash Manager, FDX)
Treasury Management Association Annual Conference
November 11, 1997
San Francisco, CA

Tactical Asset Levels: An Options Approach
Southern Business Education Association
October 24, 1997
Little Rock, AR

TMA - Academic Partnerships
Treasury Management Association Annual Conference
November 18, 1996
Atlanta, GA

Optimal Precautionary Liquidity Levels: A Real Options Approach
12th Annual International Symposium on Cash, Working Capital, and Treasury
Management
October 9, 1996
New Orleans, LA

SERVICE:

Professional Associations:

Association for Financial Professionals

• Annual Conference Volunteer
• Annual Conference Session Chair
• Pinnacle Award Committee
• Book Development Advisory Board

Treasury Management Conference of the South,  

• Conference Co-Chair, 2000

Mid-South Treasury Management Association, Vice President, 1999-2000

Arkansas Teachers of Economics and Business, Vice President, 1995-96

American Finance Association

Financial Management Association

Southwestern Finance Association

Midwest Academy of Finance and Insurance

ASU:

Department committees:

Department Planning Committee 1998-00
Curriculum Committee 1992-04
Faculty Development Committee 1994, Chair

College committees:

College of Business Executive Committee 2001-04
College of Business Planning Committee 1999-04
Internship Committee 2002-03
Reaffirmation Committee 1998-01
Graduate Curriculum Committee 1998-99
College of Business Undergraduate
        Curriculum Committee 1994-01, Chair (96-98)
Outreach Committee 1995-97, 1999-00, Chair (96-97)
Distance Learning Committee 1994-96
Business, Industry and Government Fair Committee 1992-93

University committees:

Faculty Research Committee 1995, 2003-2004
Faculty Senate 1995-04
Undergraduate Curriculum Committee 1995-00
United Way Campaign Committee 1995-98
Continuing Education Curriculum Committee 1994-97
Strategic Planning Advisory Committee 1994-96
Strategic Planning Environmental Opportunities Team 1996
Faculty Senate Handbook Committee 1997-00, Chair (97-98)
Faculty Senate Finance Committee 1998-00
Graduation Marshall 1997-01

Community:

Unpaid Service:

Basic Cash Management Workshop
(with Matthew Hill, Mississippi State University)
MidSouth Association for Financial Professionals
Memphis, TN
February 19, 2004

Introduction to Futures, Options and Swaps
Financial Management Conference of the South
Atlanta, GA
June 6, 2002

Washam, J. "Offshore Banking," Jonesboro Sun, 1999.
Washam, J. "Southern Common Market Grows Quickly," Jonesboro Sun, 1999.

Teaching Financial Planning for High School Seniors
MidAmerica Education for Business Conference
February 13, 1998
Jonesboro, AR

Washam, J. "Searching for Security," Jonesboro Sun, November 19, 1997.
Washam, J. "A Derivatives Primer," Jonesboro Sun, June 15, 1997.
Washam, J. "The Changing Financial Environment," Jonesboro Sun, 
                    November 17, 1996.
Washam, J. "Emergence of Electronic Commerce," Jonesboro Sun, July 21, 1996.

Financial Planning for High School Seniors
MidAmerica Education for Business Conference
February 23, 1996
Jonesboro, Arkansas

Washam, J. "Bridging the Gap Between Theory and Practice," Jonesboro Sun,
                    February 25, 1996

Paid Consultancies:

CCM Review Course Instructor, AFP

• AmSouth Bank/Nashville TMA, April 2002
• New Orleans, LA, April 2002
• AmSouth Bank/Nashville TMA, May 2001
• Atlanta, GA,  April 2001
• Alexandria, VA,  August 2000
• AmSouth Bank, Nashville, TN, May 2000
• Minneapolis, MN,  April 2000
• Dallas, TX,  May 1999
• Baltimore, MD,  May 1999
• Washington, DC,  May 1999
• AmSouth Bank,  Birmingham, AL, April 1999
• BankBoston,  Boston, MA, April 1999
• Alexandria, VA,  May 1998
• Mercantile Bank, St. Louis, MO,  May 1998
• Minneapolis, MN,  April 1998
• BankBoston,  April 1998
• Chicago, IL,  March 1997

CME Instructor, AFP

• Orlando, FL, November 2003
• Proctor & Gamble, Cincinnati, OH, August 2002
• New York, NY, July 2002
• Chicago, IL, October 2001
• Chicago, IL, July 2001
• New York, NY, June 2001
• Philadelphia, PA, November 2000
• Atlanta, GA, September 2000
• Miami, FL, May 1999
• First Tennessee, Memphis, TN, March 1999
• Citizen’s Bank, Evansville, IN,  October 1998
• Chicago, IL, August 1998
• Miami, FL, June 1998
• New Orleans, LA, May 1997

Essentials of Disbursements
Treasury Management Association Annual Conference
October 25, 1999
Los Angeles, CA

Technical Consultant, Cash Management Essentials Interactive Version, TMA
Treasury Management Association
June – July 1999

Co-Developer, Cash Management Essentials Seminar
Treasury Management Association
December 1998

Essentials of Disbursements
Treasury Management Association Annual Conference
November 17, 1998
Orlando, FL

Investment Strategies
Monarch Color
December 19, 1997
Memphis, TN

Investment Strategies
Underwriters Reinsurance
December 18, 1997
Houston, TX

Investment Foundations
Underwriters Reinsurance
December 18,1997
Houston, TX

Investment Foundations
Monarch Color
December 4, 1997
Memphis, TN

Essentials of Funds Concentration
Treasury Management Association Annual Conference
November 10, 1997
San Francisco, CA