Representative Publications
(with D. Gale)
"Understanding Financial Crises." Clarendon Lectures in Finance Oxford University Press, 2007.
(with D. Gale)
"Financial Intermediaries and Markets.” Econometrica 72, 1023-1061 (2004).
(with E. Carletti)
“Mark-to-Market Accounting and Liquidity Pricing.” Journal of Accounting and Economics (Forthcoming).
Education
DPhil, University of Oxford, 1980; MPhil, University of Oxford, 1979; BA, University of East Anglia, 1977
Career and Recent Professional Awards; Teaching Awards
The Class of 1984 Teaching Award, 1996, 1997; Helen Kardon Moss Anvil Award, 1993, 1999; Excellence in Teaching Award (Graduate Division), 1990, 1993, 1996, 1997, 1998, 1999, 2000, 2001, 2002; Miller-Sherrerd MBA Core Teaching Award, 1992, 1993, 1996, 1997, 1999, 2000, 2001, 2002; Undergraduate Division Excellence in Teaching Award, 1991; Lindback Award for Distinguished Teaching, 2001.
Academic Positions Held
Wharton: 1980-present (named Nippon Life Professor of Finance, 1994; Vice Dean and Director, Doctoral Programs, 1990-93; Associate Director, Doctoral Programs, 1988-90; Co-Director, Financial Institutions Center, 2000-present). Visiting appointments: University of Oxford; University of Tokyo; University of Frankurt; Princeton University. Adjunct Appointments: New York University.
Professional Leadership 2005-2009
President, American Finance Association, 2000; Associate Editor, Financial Management, 1991-present
Corporate and Public Sector Leadership 2005-2009
Director, The Glenmede Fund, 1991-present
