2022 - now (untenured) Associate Professor of Finance, School of Economics and Management, Tsinghua University

2018 - 2021 Assistant Professor of Finance, School of Economics and Management, Tsinghua University

2017 – 2018 Economist, Bank of England

2016 – 2017 Visiting Researcher, Bank of England

Investment (Undergraduate, Master)

Financial Market and Institutions (Master)

Non-Bank Financial Institutions (Mutual/Hedge fund, Pension/Insurer, Dealer), International Finance, AI and Finance

Personal Website: https://sites.google.com/view/tianyu-wang/home

Published Papers

• "Unintended Consequences of Holding Dollar Assets" , with Robert Czech, Shiyang Huang, and Dong Lou, 2025, Journal of Finance (forthcoming)

• "Global Volatility and Firm-Level Capital Flows" , with Marcin Kacperczyk and Jaromir Nosal, 2025, Journal of Financial Economics, 169

• "The correlation risk premium: international evidence" , with Robert Kosowski and Faria Goncalo, 2022, Journal of Banking and Finance, 136:1-14

• "Do Foreign Investors Improve Price Efficiency?", with Marcin Kacperczyk and Savitar Sundaresan, 2021, Review of Financial Studies, 34(3), 1317-1367.

• "Informed Trading in the Government Bond Market" , with Robert Czech, Shiyang Huang, and Dong Lou, 2021, Journal of Financial Economics, 142(3), 1253-1274

• "Currency Mispricing and Dealer Balance Sheets" , with Gino Cenedese and Pasquale Della Corte, 2021, Journal of Finance, 76, 2763-2803.

Working Papers

Macro Financial Markets

• "FX Option Volume", with Robert Czech, Pasquale Della Corte, and Shiyang Huang, 2025, (2rd) R&R, Journal of Finance

• "Energy Prices and the Carbon Premium" (with Patrick Bolton and Marcin Kacperczyk), 2024.

• "Stablecoin Flows, Dollar Convenience Yields and Exchange Rates", with Shiyang Huang, Dong Lou, and Zhenhan Shao, 2026

Artificial Intelligence, Investors and Financial Markets

• "Different Opinions or Information Asymmetry: Machine-based Measurement and Consequences", with Kang Guo and Yang Liu, 2024

• "Large Language Model Disagreement", with Jiatao Liu and Yang Liu, 2025

• "Emotions and Fund Flows: Evidence from Managers’ Live Streams", with Marcin Kacperczyk, Mingrui Liu, and Xueyong Zhang, 2025.

• "Does Artificial Intelligence Reduce Investor Disagreement? Evidence from AI-Human Interactions Data", with Shiyang Huang, Zhenhan Shao, Yaling Song, and Jian Xue, 2026

China Market and Others

• "IPO Lottery, Mutual Fund Performance, and Market Stability", with Feng Gao, Jingchen Yang and Bulin Wang, 2025

• "Variation in Put-Call Parity Violation and Option Returns",  with Chun Liu,  Yintian Wang and Hong Xiang, 2022, Reject & Resubmit at Journal of Banking and Finance

• "Overnight-Intraday Reversal Everywhere", with Chun Liu, Yang Liu, Guofu Zhou, and Yingzi Zhu, 2020

Annual Big Data and Microstructure Conference, Best Paper Award (runner-up), 2025

PwC 3535 Finance/Accounting Forum, Best Paper Award, 2021

China International Finance Annual Conference, Best Paper Award, 2019

Annual Conference in International Finance, Best Paper Award, 2019

Canadian Derivative Institute, 2017,2020

Institute of Structured Finance & Global Risk Institute Research Grant, 2017

INQUIRE EUROPE Research Grant, 2017

INQUIRE UK Research Grant, 2015