Wharton

AI-Powered Collusion in Financial Markets

Itay Goldstein And Winston Wei Dou headshots, with the heading "Discoveries" The use of artificial intelligence in capital markets is becoming more widespread due to its perceived ability to enhance efficiency. But a recent study by Itay Goldstein and Winston Wei Dou, professors of finance at Wharton, demonstrates the ever-present risk of AI-powered market manipulation through collusive trading – despite AI…Read More

Wharton Faculty on Financial Literacy

Ripple Effect graphic featuring David Musto in black and white before a dark blue background The Ripple Effect podcast from Knowledge at Wharton presents a series of episodes featuring Wharton faculty, offering their expert insight on financial literacy. Browse the episodes below: How Financial Literacy Helps Underserved Students Professor David Musto Wharton’s David Musto talks about Penn’s financial literacy course, which is being taught to…Read More

How U.S. Workers are Impacted by International Taxation

Assistant Professor Daniel Garrett smiling before a gray background, and wearing a blue suit jacket. There is a belief among policymakers that a lower foreign tax burden of domestic multinational firms will result in more jobs and increased wages at home. Daniel Garrett, assistant professor of finance at Wharton, challenges this belief in his 2024 paper, "Effects of International Tax Provisions on Domestic Labor Markets,"…Read More

Foreign Investors and their USD Holdings

Wharton assistant professor of finance Amy Huber Over the past two decades, foreign investors have increased their holdings of USD securities – but by how much? Amy Wang Huber, assistant professor of finance at Wharton, gets to the bottom of dollar asset holding and hedging around the globe in her 2023 paper, co-authored with Wenxin Du. In…Read More