Richard Marston

Richard Marston
  • James R.F. Guy Professor Emeritus of Finance

Contact Information

  • office Address:

    2438 Steinberg-Dietrich Hall
    3620 Locust Walk
    Philadelphia, PA 19104

Research Interests: foreign exchange risk management, international asset pricing, international investments



PhD, Massachusetts Institute of Technology, 1972; BPhil, University of Oxford, 1968; AB, Yale University, 1966

Career and Recent Professional Awards; Teaching Awards

German Marshall Fund Fellow, 1981; Sanwa Bank Award, 1992

Academic Positions Held

Wharton: 1977-present (Director, Weiss Center for International Financial Research, 1992-present; Acting Director, U.S.-Japan Management Studies Center, 1989-91; named James R.F. Guy Professor of Finance and Economics, 1986). University of Pennsylvania: 1972-present. Visiting appointments: Kiel Institute; Institute for Monetary and Economic Studies, Bank of Japan; Chulalongkorn University, Thailand; Institute for Advanced Studies, Vienna; Ecole Superieure des Sciences Economiques et Commerciales, Paris; London Business School

Other Positions

Research Associate, National Bureau of Economic Research, 1979-present; Research Fellow, Brookings Institution, 1971-72

Professional Leadership 2005-2009

Associate Editor, Journal of International Money and Finance, 1981-present; Board of Editors, Empirical Economics, 1983-present; Board of Editors, Japan and the World Economy, 1987-present

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All Courses

  • FNCE3990 - Independent Study

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

  • FNCE7310 - Global Val and Risk Analysis

    (Formerly named International Corporate Finance) This course analyzes the financial management problems that result from operating in global environments. Key topics include managing currency risk through hedging and financing, calculating the cost of capital for foreign operations, assessing sovereign risks, capital budgeting from a project and parent perspective, and international taxation.

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In the News

Is Value Investing Really in the Doldrums?

According to some, value investing is on life support, if not dead. Wharton experts say that depends on how one measures value.Read More

Knowledge at Wharton - 11/3/2017
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