Faculty
Department of Finance Associate Professor
Personal Website: https://www.shuo-liu.com
Phone:86-010-62791254
E-mail:liushuo3@sem.tsinghua.edu.cn
Office:B325 Lihua Building
2020 Ph.D in Economics, University of California, Los Angeles
2013 Master in Operations Research, Columbia University
2012 Bachelor in Economics, Nankai University
Personal website: https://www.shuo-liu.com
Federal Reserve Bank of St. Louis, dissertation intern, 2019
International Monetary Fund, Washington D.C., Ph.D. Research Intern, Fund Internship Program, 2018
Financial Economics (Ph.D.), Empirical Finance (undergraduate), Financial Data Analysis and Application (master), Financial Theory (master)
Over-the-counter markets, Bond pricing, Financial Market Microstructure, Financial intermediation and Asset pricing
Publications
AI availability and U.S. corporate bond market
(with Feng Gao, Chuleng Qiu)
Journal of Financial Markets, forthcoming
Socially optimal search intensity in over-the-counter markets,
Review of Economic Dynamics, 53 (2024): 224-282.
Search friction, liquidity risk, and bond misallocation,
Journal of Financial Markets, Volume 70, 2024.
Corporate Bond Liquidity during the COVID-19 Crisis
(with Mahyar Kargar, Benjamin Lester, David Lindsay, Pierre-Olivier Weill, and Diego Zúñiga)
Review of Financial Studies (2021), 34(11), 5352–5401
Other funding projects
National Natural Science Foundation of China, Youth Project, “Dealer Management and Frictions Identification: Analysis based on Search-and-Match Model”, 2024-2026, Program Director
Referee
Review of Financial Studies, Review of Asset Pricing Studies, Journal of Banking and Finance, European Economic Review, International Review of Finance, Economic Modelling, North American Journal of Economics and Finance, International Review of Economics and Finance, Journal of International Financial Markets, Institutions & Money
Outstanding Master’s Thesis Supervisor, Tsinghua University, 2025
First Prize for Student Affairs, School of Economics and Management, 2024
Outstanding Undergraduate Class Advisor, School of Economics and Management, 2024
Tsinghua University Excellent Course, Empirical Finance (undergraduate), 2023
Teaching Award (2nd tier), Tsinghua University SEM, 2022, 2023
"Challenge Cup" Student Academic Competition Advising Award (3rd tier), Tsinghua University, 2023
Student Advising Award (2nd tier), Tsinghua University SEM, 2021, 2023