wharton finance

Future of Finance Season 2

"Future of Finance" in large white font before a dark blue background The financial world has gone through a seismic shift as cryptocurrency, blockchain, and digital assets reshape how we invest, transact, and regulate money. “Future of Finance: The Rise of Crypto and Digital Money” takes a deep dive into cryptocurrency, featuring insights from leading experts at the forefront of the crypto…Read More

What Happens When Private Equity Meets 401(k)s?

An image of two people smiling toward the viewer with the caption: "Bilge Yilmaz And Burcu Esmer on Private Equity in Retirement Plans." A new executive order under consideration by the Trump administration could reshape how Americans invest for retirement. But will the presence of private equity in retirement plans benefit investors? The Big Ideas: Expanding 401(k) access to private equity could diversify portfolios and improve long-term outcomes — if implemented with care.…Read More

Future of Finance Podcast: The Rise of Crypto Coming this August

A podcast host smiles toward the viewer while wearing headphones Cryptocurrency, stablecoins, digital assets – this season, the Future of Finance podcast will explore how these technologies can potentially transform global markets, regulation, and the very concept of money. Hosted by Professor Itay Goldstein, chair of Wharton's finance department each episode features candid conversations with top economists, academics, policy leaders,…Read More

The “Pecking Order” of Firm Growth

A person smiles toward the viewer in a sunlit room. Are growing companies better off acting on new, innovative ideas — or scaling their existing ones? In “Capital, Ideas, and the Costs of Financial Frictions,” Professor Thomas Winberry explores how firms balance investment in current operations with the pursuit of future innovations. This paper earned the 2024 Marshall Blume Prize…Read More

The Future of Capitalism: Tariffs, Growth & Market Shifts

Two speakers in conversation onstage Joao Gomes, senior vice dean for research, centers and academic initiatives at Wharton, joined a panel at Inc. Founders House to discuss tariffs, immigration, and other risks facing businesses amid recent market shifts. View his conversation with Mike Hofman, editor-in-chief of Inc. Magazine, by watching the video above. Professor Gomes offered…Read More

Itay Goldstein on the Central Bank’s Independence

Itay Goldstein headshot Professor Itay Goldstein, director of the Wharton Initiative on Financial Policy and Regulation, joined CNA News to discuss the growing debate around central bank independence and the potential consequences of political interference in monetary policy. Professor Goldstein provided his insights on LinkedIn: "An independent central bank is essential for long-term…Read More

What Shapes Analysts’ Long-Term Forecasts?

A person smiling toward the viewer with text: "Discoveries Marius Guenzel" How do professional forecasters think about a firm’s growth far into the future? Marius Guenzel, assistant professor of finance at the Wharton School, discusses his paper “What Drives Very Long-Run Cash Flow Expectations?” which uncovers the different factors that shape the long-term forecasts that drive valuations. What motivated you to…Read More

Time for Offense: Why America Needs Bold Crypto Legislation Now

Text on a network-themed background reads: "Time for Offense: Why America Needs Bold Crypto Legislation Now" by Sarah Hammer. Crypto has the potential to revolutionize finance – streamlining outdated systems like T+2 settlement cycles, reducing payment fees, and expanding access to underserved populations. But to realize this potential, the U.S. must adopt a bold regulatory framework that fosters innovation while maintaining oversight. On the WIFPR blog, Sarah Hammer, executive…Read More

One Year of Discoveries

Sean Myers stands in a sunlit room with hands in his pockets Over the past year, the Discoveries blog has hosted exclusive interviews with Wharton's leading finance faculty. These insightful conversations highlight key insights and research shaping the finance industry, many of these projects having been supported by Wharton's finance research centers. Topics include the nature of growth stocks, international USD holdings,…Read More