Photo of Karen K. Lewis

Karen K. Lewis

Joseph and Ida Sondheimer Professor in International Economics and Finance

Research Interests: asset pricing, international finance

Links: CV, Personal Website

Contact Information

Address: 2446 Steinberg-Dietrich Hall, 3620 Locust Walk, Philadelphia, PA 19104
Email: lewisk@wharton.upenn.edu
Office: (215) 898-7637

Overview

Education

PhD, University of Chicago, 1985;  BA, University of Oklahoma, 1979

Academic Positions Held

Wharton: 1991-present(co-director, Weiss Center for International Financial Research, 2007-present; named Joseph and Ida Sondheimer Professor of International Economics and Finance, 1999). Previous appointment: New York University

Other Positions

National Bureau of Economic Research 1989-90; International Finance Division, Board of Governors of the Federal Reserve System, 1987, 1991, 1995; First National Bank of Chicago, 1981-82.

 

Research


  • Karen K. Lewis, Sandy Lai (Working), Are the Gains from Foreign Diversification Diminishing? Assessing the Impact with Cross-listed Stocks.  
  • Bernard Dumas, Karen K. Lewis, Emilio Osambela (Working), Differences of Opinion and International Equity Markets.  
  • Fabio Ghironi, Karen K. Lewis (Working), Equity Sales and Manager Efficiency across Firms and the Business Cycle.
  • Karen K. Lewis, Edith Liu (Working), Evaluating International Consumption Risk Sharing Gains: An Asset Return View.  
  • Karen K. Lewis (2011), Global Asset Pricing, Annual Review of Financial Economics, 3, 435 - 466.  
  • Karen K. Lewis (2007), Peso Problem, The New Palgrave Dictionary of Money and Finance,, 2007.  
  • Karen K. Lewis (2003), What Can Explain the Apparent Lack of International Consumption Risk-sharing?, Journal of Political Economy, 104 (2), 267 - 297.  
  • Karen K. Lewis (2000), Why Do Stocks and Consumption Suggest Such Different Gains from International Risk-Sharing?, Journal of International Economics, 52, 1 - 35.  
  • Karen K. Lewis (1999), Trying to Explain Home Bias in Equities and Consumption, Journal of Economic Literature, 37, 571 - 608.  
  • Karen K. Lewis (1997), Are Countries with Official International Capital Restrictions , European Economic Review, 41, 1079 - 1109.

In The News

Courses

Current

  • FNCE208 - International Corporate Finance

    Analyzes financial problems corporations face that result from operating in an international environment. Major topics include managing exchange risk through hedging and financing, measuring exchange rate exposure, calculating the cost of capital for foreign operations, assessment of sovereign risks, capital budgeting from a project and parent perspective, and international taxation.

    FNCE208001  ( Syllabus

  • FNCE731 - International Corporate Finance

    This course analyzes financial problems corporations face that result from operating in an international environment. Major topics covered are corporate strategy and the decision to invest abroad, international portfolio diversification, managing exchange risk, taxation issues, cost of capital and financial structure in the multinational firm, and sources of financing. Departmental Website: https://fnce.wharton.upenn.edu/ Registration: Registration for MBA electives is handled through the MBA Course Auction. For questions about core courses or MBA electives that don't appear in the course auction please contact the MBA Program Office. Non-MBAs interested in graduate classes must work throught the academic department and the MBA Program Office.

    FNCE731001  ( Syllabus

    FNCE731002  ( Syllabus

Previous

  • FNCE208 - International Corporate Finance

    Analyzes financial problems corporations face that result from operating in an international environment. Major topics include managing exchange risk through hedging and financing, measuring exchange rate exposure, calculating the cost of capital for foreign operations, assessment of sovereign risks, capital budgeting from a project and parent perspective, and international taxation.

  • FNCE731 - International Corporate Finance

    This course analyzes financial problems corporations face that result from operating in an international environment. Major topics covered are corporate strategy and the decision to invest abroad, international portfolio diversification, managing exchange risk, taxation issues, cost of capital and financial structure in the multinational firm, and sources of financing. Departmental Website: https://fnce.wharton.upenn.edu/ Registration: Registration for MBA electives is handled through the MBA Course Auction. For questions about core courses or MBA electives that don't appear in the course auction please contact the MBA Program Office. Non-MBAs interested in graduate classes must work throught the academic department and the MBA Program Office.