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Fostering competitive advantage in financial services worldwide

Forthcoming article from Professors Richard J. Herring and Charles Calomiris: How to Design a Contingent Convertible Debt Requirement That Helps Solve Our Too-Big-to-Fail Problem, Journal of Applied Corporate Finance

Welcome to the Wharton Financial Institutions Center, an independently managed site at the Wharton School of the University of Pennsylvania. The Center sponsors and directs primary research on financial institutions and their interface with financial markets. The Center was established in 1992 with funds provided by the Sloan Foundation and was designated as the Sloan Industry Center for Financial Institutions, the first such center designated for a service-sector industry. It is now supported by private research partners, corporate sponsors, and various foundations and non-profit organizations. The Center has hundreds of affiliated scholars at leading institutions world-wide, and it continues to define the research frontier, hosting an influential working paper series and a variety of conferences (academic, industry, and crossover).

Franklin Allen, Co-Director
Richard J. Herring, Co-Director


Copyright ©1995-Present The Wharton Financial Institutions Center. All rights reserved.

What's New at the FIC:

-2014 Working Paper Series
-FIC Press

Now Available:

More titles coming soon!

-Professor Herring on "The Impact of U.S. Debt to China," Asia Society, January 12, 2012 (with Frederick H. Katayama, Nicholas Lardy, and Stephen Bottomley)