Photo of Krista Schwarz

Krista Schwarz

Assistant Professor of Finance

Cynthia and Bennett Golub Endowed Faculty Scholar Award

Research Interests: empirical asset pricing, funding markets, market liquidity, market microstructure, money and banking

Links: Personal Website, CV

Contact Information

Office: (215) 898-6087



Ph.D. in Finance, Columbia University, New York, NY, 2010

M.A., Johns Hopkins University, SAIS (School for Advanced International Studies), Washington, D.C.

B.A., Trinity College, Hartford, CT.

Academic Positions Held

Wharton Finance Department Faculty: 2009-present.

Other Positions

Federal Reserve Bank of New York, Domestic Repo and Money Market Desk, New York, NY (2003-2005).

Federal Reserve Board, International Finance Research Division, Washington, DC. (Fall 2003).

Federal Reserve Bank of New York, Foreign Exchange & Invesments Desk, New York, NY (1999-2003). 

The World Bank, MIGA (Mulilateral Investment Guarantee Association), Washington, D.C. (Summer 1999).

The European Commission, ECFIN (Directorate General for Financial Affairs), Luxembourg City, Luxembourg (1998-1999).

U.S. State Department, Economics Bureau, U.S. Embassy, Berlin, Germany (Summer 1998).


  • David Musto, Gregory Nini, Krista Schwarz (Working), Notes on Bonds: Liquidity at all Costs in the Great Recession.  Abstract  Related Materials
  • Krista Schwarz (Working), Mind the Gap: Disentangling Credit and Liquidity in Risk Spreads.  Abstract
  • Krista Schwarz (2012), Are Speculators Informed?, Journal of Futures Markets, 32 (1), 1 - 23.  Abstract
  • Andrew Ang, Jun Liu, Krista Schwarz (Working), Using Stocks or Portfolios in Tests of Factor Models.  Abstract

In The News