Photo of Richard J. Herring

Richard J. Herring

Jacob Safra Professor of International Banking

Professor of Finance

Research Interests: international banking, international finance, money and banking

Links: CV

Contact Information

Address: 2444 Steinberg-Dietrich Hall, 3620 Locust Walk, Philadelphia, PA 19104
Email: herring@wharton.upenn.edu
Office: (215) 898-5613

Overview

Education

PhD, Princeton University, 1973; MA, Princeton University, 1970; BA, Oberlin College, 1968

Career and Recent Professional Awards; Teaching Awards

David Hauck Award for Outstanding Teaching, 1995; Undergraduate Division Excellence in Teaching Award, 1990, 1992, 1995

Academic Positions Held

Wharton: 1972-present (Director, The Joseph H. Lauder Institute of Management and International Studies, 2000-2006; Co-Director, Wharton Financial Institutions Center, 2000-present; Vice Dean and Director, Wharton Undergraduate Division, 1995-2000; Director, Financial Institutions Center, 1988-95; Director, Program in International Banking and Finance, 1982-88). Previous appointment: Princeton University. Visiting appointment: Johann Wolfgang Goethe University, Germany

Professional Leadership 2005-2009

Co-editor, Brookings-Wharton Papers on Financial Services (2001-2004); Editorial Board, Journal of Financial Services Research, 1989-2000; Editorial Board, Journal of International Financial Markets, Institutions and Money, 1988-1998; Editorial Board, Research in Financial Services: Private and Public Policy Annual, 1991-present; Editorial Board, Quarterly Review of the Federal Reserve Bank of New York, 1994-present; Member, Shadow Financial Regulatory Committee, 1990-present; Co-Chair, 2004-present. Member, Multinational Banking Seminar, 1982-2005, American Chairman, 1992-2005. Financial Economists Roundtable, 2000-present.

Corporate and Public Sector Leadership 2005-2009

Trustee, DWS Scudder Funds, 1990-present. Trustee, Daiwa Country Funds, 2007-present.

Research


  • Richard J. Herring, C. Fernando, A. Subrahmanyam (2008), Common Liquidity Shocks and Market Collapse: Lessons from the Market for Perps, Journal of Banking and Finance, 2008.  Abstract
  • Richard J. Herring, N. Chatusripitak, “The Case of the Missing Market: the Bond Market & Why it Matters for Financial Development (2006).
  • Richard J. Herring (2005), Implementing Basel II: Is the Game Worth the Candle?, Financial Markets, Institutions & Instruments, 14 (5).  Abstract

In The News

Knowledge @ Wharton

Courses

Current

  • FNCE220 - International Banking

    This course focuses on international financial institutions and international banking activities. We will examine how current and historical events are reshaping the industry. We will focus on the basic analytics of managing a bank's exposure to liquidity, credit, market and country risk. In addition, we will consider how to evaluate and compare the risk exposures and performance of individual banks. Throughout the semester we will discuss public policy issues such as international debt crises and regulation.

    FNCE220001  ( Syllabus

    FNCE220002  ( Syllabus

  • FNCE732 - International Banking

    This course focuses on international financial institutions and international banking activities. We will examine how current and historical events are reshaping the industry. We will focus on the basic analytics of managing a bank's exposure to liquidity, credit, market and country risk. In addition, we will consider how to evaluate and compare the risk exposures and performance of individual banks. Throughout the semester we will discuss public policy issues such as international debt crises and regulation.

    FNCE732001  ( Syllabus

Previous

  • FNCE220 - International Banking

    This course focuses on international financial institutions and international banking activities. We will examine how current and historical events are reshaping the industry. We will focus on the basic analytics of managing a bank's exposure to liquidity, credit, market and country risk. In addition, we will consider how to evaluate and compare the risk exposures and performance of individual banks. Throughout the semester we will discuss public policy issues such as international debt crises and regulation.

  • FNCE399 - Supervised Study in Finance

    Integrates the work of the various courses and familiarizes the student with the tools and techniques of research.

  • FNCE732 - International Banking

    This course focuses on international financial institutions and international banking activities. We will examine how current and historical events are reshaping the industry. We will focus on the basic analytics of managing a bank's exposure to liquidity, credit, market and country risk. In addition, we will consider how to evaluate and compare the risk exposures and performance of individual banks. Throughout the semester we will discuss public policy issues such as international debt crises and regulation.