Joel S. Ehrenkranz Family Professor; Professor of Finance; Professor of Economics; Coordinator of PhD Program, The Wharton School
Corporate finance, financial fragility and crises, financial markets
Itay is a professor of finance at the Wharton School. He is also the coordinator of the PhD program in Finance. He has been on Wharton’s faculty since 2004. He is an expert in the areas of corporate finance, financial institutions, and financial markets, focusing on financial fragility and crises and on the feedback effects between firms and financial markets. His research has been published in major academic journals, including the Review of Economic Studies, the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, and the Journal of Economic Theory. Itay’s research has also been featured in the popular press in the Financial Times, Bloomberg, Forbes, National Public Radio, and others. He is an editor of the Review of Financial Studies and has been an editor of the Finance Department at Management Science as well as an editor of the Journal of Financial Intermediation.
Itay serves as an academic consultant of the Federal Reserve Bank of New York and the Federal Reserve Bank of Philadelphia, and has served as an academic consultant of the Committee for Capital Markets Regulation. He was the co-founder and the first president of the Finance Theory Group. He has taught undergraduate, MBA, PhD, and executive education courses in finance and economics. Prior to joining Wharton, Itay was on the faculty of Duke University’s Fuqua School of Business. He also worked in the research department of the Bank of Israel, where he was in charge of analyzing Israel’s current account. He earned his BA in Economics and Accounting and his MA and PhD in Economics from Tel Aviv University.
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