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Every Thursday a business school professor, an expert in his or her field, will define five key terms. The definitions can be found in the “editors choice” below.

Francis Warnock is associate professor of business administration at the University of Virginia’s Darden School of Business.

He is an expert on international capital flows, international portfolio allocation and financial sector development and his work has been featured in the Financial Times, the Economist, the Wall Street Journal and the New York Times.

Before joining Darden, Prof Warnock worked as a senior economist in the international finance division of the board of governors of the Federal Reserve System. He was also teaching at Georgetown University.

Prof Warnock spent two years as a peace corps volunteer in Malawi’s Thyolo district and was also a commodity trading advisor on Wall Street.

Copyright The Financial Times Limited 2017. All rights reserved.
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