Laurent L. Jacque
Laurent L. Jacque
Phone: (617) 627-5982
Fax: (617) 627-3712
Office: Mugar 251C
Office Hours: By appointment
Address:
The Fletcher School
Tufts University
160 Packard Ave
Medford, MA 02155
Walter B. Wriston Professor of International Finance and Banking
Education
Diploma, Ecole des Hautes Etudes Commercials
MA, University of Pennsylvania
MBA and PhD, Wharton School, University of Pennsylvania
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.
Biography
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.
Programs & Centers
Courses
Fall 2009
GMAP
Research Interests
Foreign exchange risk; international finance; insurance; global financial services.
Selected Publications
Selected Op-eds
- "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)
Academic Papers
Papers are in PDF format, Download Adobe Reader to view.
- Financial Innovations and the Dynamics of Emerging Capital Markets
- The International Control Conundrum With Exchange Risk: An EVA Framework
Books
- Financial Innovations and the Welfare of Nations (co-editor) (2001);
- Management and Control of Foreign Exchange Risk (1996).
Articles
- "The International Control Conundrum with Exchange Risk: An EVA Framework," (co-author) Journal of International Business Studies (2002);
- "Control Modes in International Service Operations: The Propensity to Franchise," Management Science (July/August 1995);
- "Myths and Realities of The Global Market for Capital," Journal of Applied Corporate Finance (Fall 1993);
- "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).