Finance

The West’s sanctions on Russia

Jesús Fernández-Villaverde, professor of economics and director of the Penn Initiative for the Study of the Markets, discusses the severity of the sanctions, the effects so far, and the potential reverberations for the rest of the globe.

Kristen de Groot

David Zaring breaks down the Pandora Papers

Following the leak of the Pandora Papers, detailing both legal and illegal financial transactions, there is bipartisan support of more oversight regarding secret trusts, but establishing international regulation continues to be difficult.

Kristina García

Why older Americans are taking on more debt

Older Americans are accumulating more debt as they near retirement, according to research from the Wharton School that reveals a troubling trend in personal finance among people in their 50s and early 60s.

From Knowledge at Wharton



In the News


U.S. News & World Report

Over 7 million U.S. seniors have mental declines that threaten financial skills

An op-ed by Jason Karlawish of the Perelman School of Medicine is quoted encouraging a system of “whealthcare” that integrates monitoring and maintaining mental health and wealth, to foster older adults’ financial well-being.

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The New York Times

How Republicans are ‘weaponizing’ public office against climate action

A study co-authored by Daniel Garrett of the Wharton School shows that Republican lawmakers are using the public finance market to make political statements, with potentially large costs.

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The Conversation

Super Bowl ads turn up the volume on cryptocurrency buzz: 6 essential reads about digital money and the promise of blockchain

Kevin Werbach of the Wharton School wrote about the risks and rewards of decentralized finance. While there are benefits to transactions made without the involvement of a financial institution, these unregulated markets are very volatile.

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The Wall Street Journal

Over the hedge: Three books on the field’s highs and lows

David Skeel of the Law School reviewed three books about corporate bankruptcy and hedge funds.

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The Wall Street Journal

One way to spend less: Spread out your paychecks

Research co-authored by Wendy De La Rosa of the Wharton School found that people who receive daily pay checks spend more than those who are paid less frequently. “Changes in liquidity can really change people’s psyche,” she said.

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Bloomberg

Nasdaq will fall into bear market, Wharton’s Siegel says

Jeremy Siegel of the Wharton School said the Federal Reserve’s inflation-curbing measures could lead to a 20% decline in the Nasdaq 100 from the November record. “I don’t think the pain is over yet,” he said.

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