Franklin Allen is the Nippon Life Professor of Finance and Economics at the Wharton School of the University of Pennsylvania

University of Pennsylvania

The University of Pennsylvania is a private, Ivy League university located in Philadelphia, Pennsylvania, United States. Penn is the fourth-oldest institution of higher education in the United States,Penn is the fourth-oldest using the founding dates claimed by each institution...

. He is most active in the research areas of financial innovations, asset price bubbles, the comparison of financial systems, and financial crises.

At Wharton

Allen was Associate Professor of Finance and Associate Professor of Finance and Economics at the Wharton School from 1980 to 1990, when he became Vice Dean and Director of the Wharton Doctoral Programs and Professor of Finance and Economics. In 1994 he was assigned to the chair of Nippon Life Professor of Finance and Economics as professor. Additionally, he took the position of co-director of the Wharton Financial Institutions Center.

Other work

Allen has also visited diverse universities and research centers in the context of visiting professorships, academic fellowships and scientific advisory such as the University of Tokyo

University of Tokyo

, abbreviated as , is a major research university located in Tokyo, Japan. The University has 10 faculties with a total of around 30,000 students, 2,100 of whom are foreign. Its five campuses are in Hongō, Komaba, Kashiwa, Shirokane and Nakano. It is considered to be the most prestigious university...

 (1993), the Johann Wolfgang Goethe-Universität of Francfort (2001, 2006), the Indian School of Business in Hyderabad (2005), the Stockholm School of Economics

Stockholm School of Economics

The Stockholm School of Economics or Handelshögskolan i Stockholm is one of Northern Europe's leading business schools. Its Masters in Management program is ranked no. 2 in Northern Europe and no. 13 in Europe by the Financial Times...

 and Gothenburg University

Gothenburg University

The University of Gothenburg is a university in Sweden's second largest city, Gothenburg.- Character :The University of Gothenburg is the third-oldest Swedish university, and with 24,900 full-time students it is also among the largest universities in the Nordic countries...

 in Sweden (2006).

He is a past president of the American Finance Association

American Finance Association

The American Finance Association is an academic organization whose focus is the study and promotion of knowledge of financial economics. It was formed in 1939...

, and the Society for Financial Studies, as well as a scientific adviser at the Sveriges Riksbank

Sveriges Riksbank

Sveriges Riksbank, or simply Riksbanken, is the central bank of Sweden and the world's oldest central bank. It is sometimes called the Swedish National Bank or the Bank of Sweden .-History:...

, the central bank of Sweden.

Besides, he acts as Advisor to Fair Observer, an online magazine covering global issues from a plurality of perspectives, on issues concerning finance or economics, but also on future strategy and editorial policy.

Writings

Together with Stewart Myers

Stewart Myers

Stewart Clay Myers is the Robert C. Merton Professor of Financial Economics at the MIT Sloan School of Management. He is notable for his work on capital structure and innovations in capital budgeting and valuation, and has had a "remarkable influence" on both the theory and practice of corporate...

 and Richard Brealey, he is the author of The work is a widely prescribed, standard textbook for undergraduate students in corporate finance

Corporate finance

Corporate finance is the area of finance dealing with monetary decisions that business enterprises make and the tools and analysis used to make these decisions. The primary goal of corporate finance is to maximize shareholder value while managing the firm's financial risks...

, and also addresses the needs of practicing financial managers

Managerial finance

Managerial finance is the branch of finance that concerns itself with the managerial significance of finance techniques. It is focused on assessment rather than technique....

.

Education

Allen earned his bachelors degree in 1977 and his masters degree in Economics

Master of Economics

A Master's Degree in Economics is a postgraduate academic program, offering training in economic theory, econometrics and / or applied economics. The degree may be offered as a terminal degree or as additional preparation for doctoral study, and is sometimes offered as a professional degree...

 in 1979, both at the University of East Anglia

University of East Anglia

The University of East Anglia is a public research university based in Norwich, United Kingdom. It was established in 1963, and is a founder-member of the 1994 Group of research-intensive universities.-History:...

; he earned a doctorate

Doctorate

A doctorate is an academic degree or professional degree that in most countries refers to a class of degrees which qualify the holder to teach in a specific field, A doctorate is an academic degree or professional degree that in most countries refers to a class of degrees which qualify the holder...

 in Economics at Nuffield College, Oxford

Nuffield College, Oxford

Nuffield College is one of the constituent colleges of the University of Oxford in England. It is an all-graduate college and primarily a research establishment, specialising in the social sciences, particularly economics, politics and sociology. It is a research centre in the social sciences...

in 1980.