I am an Assistant Professor of Finance. I work on international finance and macroeconomics.
My main line of inquiry is about the role of government in the provision of currencies and safe assets. Using asset pricing and corporate finance tools, I seek to ask questions like "Are there exchange rate and real consequences of government borrowing?" and "How much government borrowing is too much?" in an informed way.
A related topic is how the financial sector intermediates the provision of currencies and safe assets, and how the monetary policy affects this intermediation.
In the broader field, I also work on the asset pricing implications of international trade and portfolio allocation.
Finance 1 answers managers' and investors' most fundamental finance question: how should a project or an asset be valued? Managers must determine the value of building a factory, entering a new market, or purchasing an entire firm when deciding in which projects to invest. Similarly, individuals must assess the value of financial securities to decide how to invest their wealth. Using a combination of lectures and business cases, Finance 1 teaches the discounted cash flow and multiples methods to value projects or assets. These valuation tools lay the foundation for all work in capital markets and corporate finance.
Prerequisite: Business Analytics I (DECS-430-5)
Corequisite/Prerequisite: Accounting for Decision Making (ACCT-430) and Business Analytics II (DECS 431-0)