Laurent L. Jacque

Walter B. Wriston Professor of International Finance & Banking and Academic Director of the Masters of International Business

  • Diploma, Ecole des Hautes Etudes Commercials
  • MA, University of Pennsylvania
  • MBA, Wharton School, University of Pennsylvania
  • PhD, Wharton School, University of Pennsylvania


Laurent L. Jacque is Walter B. Wriston Professor of International Finance & Banking at The Fletcher School of Law and Diplomacy (Tufts University) and Director of its International Business Studies Program. Since 1990 he has also held a joint appointment at the HEC School of Management (France) as a Professor of Economics, Finance, and International Business. From 1976 to 1987 he was on the faculty of the Wharton School, University of Pennsylvania before teaching at the Carlson School of Management, University of Minnesota (1987-93). In 1990 he served as the Chin Sophonpanich Foundation Research Professor of Banking and Finance at Chulalongkorn University (Thailand). He is the author of two books, Management and Control of Foreign Exchange Risk (Kluwer Academic Publishers, 1996) , Management of Foreign Exchange Risk: Theory and Praxis (Lexington Books, 1978) as well as more than 25 articles on International Risk Management Multinational Control Systems , Capital Markets, which have appeared in the Journal of International Business Studies, Journal of Operations Research Society, Columbia Journal of World Business, Journal of Applied Corporate Finance, Insurance Mathematics and Economics, Management Science etc... He served as an advisor and consultant to the Foreign Exchange Rate Forecasting Service of Wharton Econometrics, Forecasting Associates (1982-90) and as a member of Water Technologies Inc.'s board of directors (1991-94). A recipient of four teaching awards at The Wharton and Carlson Schools, Jacque received the James L. Paddock award for teaching excellence at The Fletcher School in 1996. He is a consultant to a number of firms in the area of corporate finance and risk management and has taught in many Management Development Programs, including Manufacturers Hanover Trust, Merck, Sharp & Dohme, Philadelphia National Bank, General Motors, Bunge and Born (Brazil), Rhone-Poulenc (France), Siam Commercial Bank (Thailand), Daewoo (South Korea), General Electric, Dupont de Nemours, Norwest Bank, Bangkok Bank (Thailand) , INSEAD, Pechiney and Petrobras. A native of France, Jacque graduated from HEC (Ecole de Hautes Etudes Commercial, 1970) in Paris, taught at the University of Tunis before receiving the MA, MBA, and PhD degrees from the Wharton School at the University of Pennsylvania. He has held visiting appointments at the University of Hawaii (Pacific Management Institute), HEC (France), Kiel Institute for World Economics (Germany) and Chulalongkorn University (Thailand). He is currently involved in research in the area of International Financial Risk, Capital Markets and Global Strategic Management for Financial Institutions.

Professional Activities
  • Joint appointment as Professor of Finance and International Business, HEC School of Management (France) (1990-present)
  • taught at University of Tunis, Wharton School, University of Pennsylvania (1976-87)
  • Carlson School, University of Minnesota (1987-93)
  • Held visiting appointments at University of Hawaii (Pacific Management Institute), HEC, and Chulalongkorn University (Thailand)
  • Director, International Business Relations Program, The Fletcher School of Law and Diplomacy

  • International Business Relations Program

Research Interests
  • Foreign exchange risk
  • international finance
  • insurance
  • global financial services
"The International Control Conundrum with Exchange Risk: An EVA Framework," (co-author) Journal of International Business Studies (2002);
• Jacque, Laurent and Karen Fladmoe-Lindquist. "Control Modes in International Service Operations: The Propensity to Franchise." Management Science 41, no. 7 (1995): 1238-1249.
Jacque, Laurent and Gabriel Hawawini. "Myths and Realities of the Global Market for Capital." Journal of Applied Corporate Finance 6, no. 3 (1993): 81-90.
• "Premium Allocation and Risk Avoidance in Large Firms: A Continuous Model," (co-author) Insurance: Mathematics and Economics (vol. 9) (1990);
• "Optimal Currency Denomination in Long-Term Debt Financing," (co-author) The Journal of Operational Research Society (February 1987).

• Financial Innovations and the Welfare of Nations (co-editor) (2001);
• Management and Control of Foreign Exchange Risk (1996).

• "Is the Euro Doomed?," co-authored by Laurent Jacque and Anthony Gribe, Reprinted from Le Monde, Jan. 15, 2004 (Translation of op-ed by co-author Prof. Laurent Jacque)



Email Address

Office Phone

Office Fax

Office Location
Mugar 251C

Mailing Address
The Fletcher School, Tufts University, 160 Packard Ave
Medford, MA, 02155