Professor Uppal's research focuses on understanding how market imperfections affect the welfare of investors, their optimal portfolios and hedging strategies, aggregate trade and capital flows, and the exchange rate and other asset prices. His research in the area of international finance examines the effects of commodity market imperfections in general equilibrium models of international economies. His work shaws that the results on capital flows, international portfolios, and exchange rates can be very different in general equilibrium counterparts. His research in the area of option pricing examines how how investors adjust their optimal hedging strategies in response to frictions, such as transaction costs and short-sales constraints, and the effect of this on the value of options.

Professor Uppal has been nominated for and has received several awards for excellence in teaching at Wharton and at the University of British Columbia.

Reviewed books: