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One of Wharton’s Most Valuable Courses

A person in a suit smiles in a sunlit room In the class FNCE 2070: Valuation, Wharton undergraduates spend a semester tackling a fundamental question: What is a company actually worth? Students taking this course must develop a solid understanding of a company and its place in its industry, interpret financial statements, forecast future performance, and make difficult decisions under…Read More

Navigating Financial Distress Beyond Bankruptcy

Four panelists in conversation before an audience On September 18-19, the Wharton School hosted the Wharton-Chicago-Harvard Insolvency and Restructuring Conference – the premier gathering for scholars and practitioners in leveraged finance, distressed debt, and restructuring, organized by Wharton, the University of Chicago, and Harvard University with added support from Kirkland & Ellis. This year’s conference featured works-in-progress…Read More

Future of Finance Season 3

A person smiles while speaking into a microphone with headphones on Future of Finance: AI and the Transformation of Financial Markets Hosted by Professor Itay Goldstein, the third season of Future of Finance gathers leading scholars, experts from the industry, and regulatory officials, to explore the different ways AI is changing the financial landscape. Professor Goldstein and his guests will examine…Read More

The Hidden Financial Risks of the AI Boom

A person in a suit smiles in a sunlit room Professor Joao Gomes, Wharton's Senior Vice Dean of Research, Centers, and Academic Initiatives, recently joined Knowledge at Wharton's This Week in Business podcast to discuss the accelerating investment in artificial intelligence. He argues that policymakers should look beyond inflation and pay closer attention to how the boom is being financed.…Read More

Itay Goldstein’s Reflections from the Jackson Hole Economic Policy Symposium

Professor Itay Goldstein speaks at the Jackson Hole Economic Policy Symposium At the 2026 Jackson Hole Economic Policy Symposium, Professor Itay Goldstein joined leading economists and policymakers for a discussion on how financial innovation is reshaping banking and payments. Professor Goldstein served as discussant for “Stablecoin Risk,” a paper by Christine Parlour, Uday Rajan, and Haoxiang Zhu examining how a shift…Read More

How Fiscal Policy Moves Financial Markets

A person smiles toward the viewer in a professional headshot, before a light purple background Professor Courtney Wiegand’s paper, “The Effect of Fiscal Policy Shocks on Asset Prices,” examines how financial markets respond to unexpected changes in the federal government's deficit outlook, and was awarded with an Honorable Mention at the 2025 Marshall Blume Prize in Financial Research ceremony. By measuring fiscal policy shocks throughout…Read More

Itay Goldstein on the Promise and Perils of Financial Innovations

A person speaks at a podium during a conference "It is important to be open minded about new technologies even if they disrupt existing financial infrastructure." As digital payments, stablecoins, and tokenization gain traction, they raise important questions about the future of financial markets, institutions, and regulation. At the 2026 IMF-WIFPR Conference on the Evolving Global Financial Architecture, experts…Read More

Mispricing Climate Risk: How Insurance Fragility Shapes Mortgage Markets

A person's professional headshot on the left, with text on the right that reads, "Parinitha Sastry, Assistant Professor of Finance at Wharton. On “When Insurers Exit: Climate Losses, Fragile Insurers, and Mortgage Markets” Professor Parinitha Sastry and her co-authors Ishita Sen and Ana-Maria Tenekedjieva won the 2025 Marshall Blume Prize in Financial Research for their working paper, "When Insurers Exit: Climate Losses, Fragile Insurers, and Mortgage Markets." Their study examines how mispricing of climate risk in mortgages and property insurance creates large taxpayer…Read More