Appointment
Assistant Professor of Real Estate, William Newman Department of Real Estate, Baruch College, CUNY. 2023-now.
Assistant Professor of Finance, Carey Business School, Johns Hopkins University. 2014-2023.
Education
PhD in Finance, University of Maryland, College Park, 2014
PhD in Civil Engineering, Purdue University, West Lafayette, 2008
MS in Statistics (Computational Finance track), Purdue University, West Lafayette, 2007
MS in Civil Engineering, Tsinghua University, Beijing, China, 2004
BS in Electronics Engineering, Zhejiang University, Hangzhou, China, 2001
Interests
Real Estate Finance, Mortgage-backed Securities, Over-the-Counter Markets, Market Microstructure, Information Economics, High-Frequency Trading
Research
“Asset Heterogeneity, Market Fragmentation, and Quasi-Consolidated Trading,” with Zhaogang Song.
Midwest Finance Association 2021, European Finance Association 2023, AREUEA 2024
"Asset Pricing with Cohort-Based Trading in MBS Markets," with Nicola Fusari, Haoyang Liu, and Zhaogang Song.
Journal of Finance (Dec. 2022).
“TBA Trading and Security Issuance in the Agency MBS Market,” with Yu An and Zhaogang Song.
Revise & Resubmit at Real Estate Economics.
33rd Australasian Finance and Banking Conference, MFA 2021, and NY Fed.
"Dealer Expertise and Market Concentration in OTC Trading,” with Zhaogang Song.
Revise & Resubmit at Journal of Economic Theory.
Previously circulated under the title “Expertise, Information, and Dealer-intermediated OTC Markets.”
European Finance Association 2020, North American Summer Meetings of the Econometric Society, JHU, UMD
“Dealers as Information Intermediaries in Over-the-Counter Market,” with Zhaogang Song.
Finance Theory Group Summer School 2019, European Summer Symposium in Financial Markets 2019, 15th Annual Central Bank Conference on the Microstructure of Financial Markets 2019, DC Juniors Conference 2019, Fed Board, JHU, Cornell, Rutgers
Teaching
RES 3200 Real Estate Finance and Investment at Baruch College.
BU.232.710 Derivatives at Johns Hopkins University.
BMGT 446 International Finance at University of Maryland, College Park.
Professional Service
Ad Hoc Referee for Econometrica, Journal of Finance, Review of Financial Studies, Journal of Economic Theory, Management Science, Mathematical Finance, Review of Derivatives Research, Southern Finance Association, FMA Annual Meeting.
Honors
Cubist Systematic Strategies Ph.D. Candidate Award for Outstanding Research by the WFA, 2014
NASDAQ OMX Group Educational Foundation Dissertation Grant, 2013-2014