Laurent L. Jacque

Walter B. Wriston Professor of International Finance & Banking, 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 the Walter B. Wriston Professor of International Finance and Banking. From 2004-2007, he was the Academic Dean of The Fletcher School of Law and Diplomacy and engineered the successful launch of the Master of International Business Program. Since 1990 he has also held a secondary appointment at the HEC School of Management (France). He is the author of three books, Management and Control of Foreign Exchange Risk and Management of Foreign Exchange Risk: Theory and Praxis and the newly released, Global Derivative Debacles: from Theory to Malpractice (also available in French, Chinese, and Russian), as well as more than 25 refereed articles on Risk Management, Insurance, and International Finance. He served as an advisor to Wharton Econometrics Forecasting Associates and as a director of Water Technologies Inc. A recipient of four teaching awards at Wharton, Carlson, and HEC, Jacque received the James L. Paddock award in 1996 and the CEMS-HEC award in 2008. He has taught in a number of Executive Development Programs and consulted for several multinational corporations and banks, as well as the IFC (World Bank). A native of France, Jacque graduated from HEC (Paris), taught at the University of Tunis before receiving the M.A., MBA, and PhD degrees from the Wharton School at the University of Pennsylvania where he taught for eleven years. 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

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Office Location
Mugar 251C

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

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School Leadership


  • Board of Advisors
  • Asian Advisory Group
  • European Advisory Group
  • Latin American Advisory Group
  • MENASA Advisory Group