Adrien Verdelhan

Adrien Verdelhan is the Stephens Naphtal Professor of Finance and a Professor of Finance at the MIT Sloan School of Management. His research focuses on measures of systematic risk in financial markets, particularly in currency and sovereign bond markets. Verdelhan’s work in international finance examines when and why exchange rates are risky, shedding light on the carry trade strategy. His recent research explores arbitrage opportunities and the role of banking regulation. His work has been published in the American Economic Review, The Journal of Finance, and The Review of Financial Studies. He is a Research Fellow of the National Bureau of Economic Research and has received teaching awards, including the Jamieson Prize for Excellence in Teaching in 2016. He holds a PhD in economics from the University of Chicago.

Adrien Verdelhan is an Associate Professor at MIT Sloan, specializing in Finance and Economics. His research explores currency markets, risk premia, and international financial dynamics. Verdelhan investigates common risk factors in currency markets, deviations from covered interest rate parity, and the cross-section of foreign currency risk premia. His work also examines the relationship between consumption growth risk and exchange rates, as well as the role of sovereign risk premia and international risk cycles. Additionally, he analyzes the wealth-consumption ratio, the term structure of currency carry trade risk premia, and the impact of uncertainty on international capital flows. His research contributes to understanding the temporal pricing of risk and the behavior of financial markets under various economic conditions.