This course tackles the following questions on international finance in a series of lectures, case discussions, and exercises: How to evaluate a project with cross-country cash flows? When and where should you borrow? When and where should you invest? If you borrow or invest abroad, do exchange rates matter? How are they determined? What are the risks? How to address them?
Adrien Verdelhan is the Stephens Naphtal Professor of Finance and an Associate Professor of Finance at the MIT Sloan School of Management.
His research focuses on measures of systematic risk in financial markets, particularly in currency and sovereign bond markets. Verdelhan’s work in international finance shows when and why exchange rates are risky, thus shedding light on the most well-known and puzzling currency trading strategy: the carry trade. His recent work focuses on arbitrage opportunities and the role of banking regulation. His research has been published notably in the American Economic Review, The Journal of Finance, and The Review of Financial Studies.
He is currently a Research Fellow of the National Bureau of Economic Research. He was elected Teacher of the Year in 2011, 2018, and 2020 by MIT Sloan students and received the Jamieson Prize for Excellence in Teaching in 2016.
He holds a PhD in economics from the University of Chicago.
