Franklin Allen is the Nippon Life Professor of Finance and Economics at Wharton. He has taught in the Finance Department since 1980 and has received numerous teaching awards. His areas of research include corporate finance, asset pricing, comparing financial systems, and financial crises. Allen has received several National Science Foundation (NSF) research grants and is widely published. In 2012, he co-authored the book Fixing the Housing Market: Financial Innovations for the Future, Wharton School Publishing/Pearson, and later that same year co-edited the book, Is U.S. Government Debt Different?, FIC Press.
- DPhil, Economics, Oxford University, 1980
- MPhil, Economics, Oxford University, 1979
- BA, Economics and Computing Studies, University of East Anglia, 1977
Nippon Life Professor of Finance, Professor of Economics
Franklin Allen, E. Carletti, J. “QJ” Qian, and P. Valenzuela (2014). Does Finance Accelerate or Retard Growth? Theory and Evidence, in Towards a Better Global Economy: Policy Implications for Global Citizens in the 21st Century, edited by J. Behrman and S. Fardoust, Oxford University Press.
Franklin Allen, E. Carletti, and D. Gale (2014). Money, Financial Stability, and Efficiency. Journal of Economic Theory, 149. 100-127.
Franklin Allen, James R. Barth, Glenn Yago (2013). Restructuring the U.S. Housing Market. In Financial Restructuring to Sustain Recovery, edited by M. Baily, R. Herring and Y. Seki, Brookings Institution.
Franklin Allen, X. Gu and O. Kowalewski (2012). Financial Crisis, Structure and Reform. Journal of Banking and Finance 36. 2960–2973.
Franklin Allen, A. Babus, E. Carletti (2012). Asset Commonality, Debt Maturity and Systemic Risk. Journal of Financial Economics, 104, 519-534.
Franklin Allen, J. Barth, and G. Yago (2012). Fixing the Housing Market: Financial Innovations for the Future, Wharton School Publishing/Pearson.
Franklin Allen, A. Gelpern, C. Mooney and D. Skeel (2012). Is U.S. Government Debt Different?, FIC Press.
Franklin Allen, E. Carletti (2012). Systemic Risk and Macroprudential Regulation, in The Global Macro Economy and Finance. Edited by F. Allen, M. Aoki, J. Fitoussi, N. Kiyotaki, R. Gordon and J. Stiglitz, IEA Conference Volume No. 150-III, 191-210, 2012.
Franklin Allen, E. Carletti and R. Marquez (2011). Credit Market Competition and Capital Regulation. Review of Financial Studies, 24. 983-1018.
Franklin Allen, E. Carletti, J.P. Krahnen and M. Tyrell (2011). Introduction to Liquidity and Crises. Liquidity and Crises. Oxford University Press, 3–32.
Franklin Allen, G. Yago (2010). Financing the Future: Market-Based Innovations for Growth, Wharton School Publishing/Pearson.
Franklin Allen, E. Carletti, J. Krahnen, and M. Tyrell (2010). Liquidity and Crises, Oxford University Press.
Franklin Allen, E. Carletti (2011). The Global Financial Crisis, in Conference Proceedings of the 13th Annual Bank of Chile Conference on Monetary Policy under Financial Turbulence, 16. 102.