Nippon Life Professor of Finance, University of Pennsylvania
Received his Doctorate in Economics from the University of Oxford. Started teaching at the University of Pennsylvania from 1980.
World leader on research into the theory of financial systems. Recipient of the Salomon-Smith Barney Prize, among many others.
Former President of the American Finance Association
I have many hopes hinged on the development of a specialization in financial systems at the University of Tokyo. The problem of finding properly functioning financial systems is a high priority not just for the economies of Japan and Asia, but for the world economy too. As such, it is a remarkable and timely accomplishment to have founded a graduate program that specializes in such research and education. In the not-to-distant future, this graduate program will produce many excellent specialists who will certainly make a valuable contribution to the world of finance.
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