王江

上海交通大学上海高级金融学院资深访问教授、麻省理工学院斯隆管理学院瑞穗金融集团讲席教授

博士学位:宾夕法尼亚大学金融学,1990
博士学位:宾夕法尼亚大学物理学,1985
学士学位:南京大学物理学,1981

王江教授现任麻省理工学院斯隆管理学院瑞穗金融集团讲席教授、上海交通大学上海高级金融学院资深访问教授。他的研究领域包括资产定价理论、投资与风险管理、市场流动性和稳定性、金融创新和金融工程、国际金融和中国资本市场等。他在国际著名学术刊物上发表多篇论文。2006年出版著作《金融经济学》。其研究工作获得了 Smith Breeden Prize、FAME Research Prize、Leo Melamed Prize、Batterymarch Fellowship、中国经济学奖等著名奖项。他还担任多个国际学术杂志的编委。

王江教授的经历包括纽约联邦储备银行顾问、驻行专家和金融顾问委员会委员、中国证监会国际专家委员会委员、纳斯达克股票市场股份有限公司经济顾问委员会委员、FTSE经济顾问委员会委员和穆迪学术顾问委员会委员等。他还曾任美国金融学会理事、美国西部金融学会理事、伦敦经济学院和新加坡管理大学资深访问教授、清华大学中国金融研究中心主任。2017-2018年担任美国西部金融学会主席。

资产定价理论、投资管理、风险管理、市场流动性和稳定性、金融创新和金融工程、国际金融和中国资本市场等。
  • 期刊论文

    1. Hu, Grace Xing, Jun Pan, Jiang Wang, Haoxiang Zhu. 2022. Premium for Heightened Uncertainty: Explaining Pre-Announcement Market Returns, Journal of Financial Economics.

    2. Hu, Xing Grace, and Jiang Wang. 2022. A Review of China's Financial Markets, Annual Review of Financial Economics.

    3. Grace Xing Hu, Jun Pan, Jiang Wang. 2021. Chinese Capital Market: An Empirical Overview, Critical Finance Review.

    4. Hu, Grace Xing, Jun Pan, and Jiang Wang. 2021. Tri-Party Repo Pricing, Journal of Financial and Quantitative Analysis.

    5. Hu, Grace Xing, Can Chen, Yuan Shao, and Jiang Wang. 2019. Fama-French in China: Size and Value Factors in Chinese Stock Returns, International Review of Finance.

    6. Tsoukalas, Gerry, Jiang Wang, and Kay Giesecke. 2019. Dynamic Portfolio Execution, Management Science.

    7. Hu, Grace Xing, Jun Pan, and Jiang Wang. 2017. Early peek advantage? Efficient price discovery with tiered information disclosure, Journal of Financial Economics.

    8. Kogan, Lenoid, Stephen Ross, Jiang Wang, and Mark Westerfield. 2017. Market Selection, Journal of Economic Theory.

    9. Hu, Grace Xing, Jun Pan, and Jiang Wang. 2013. Noise as Information for Illiquidity, Journal of Finance.

    10. Obizhaeva, Anna A., and Jiang Wang. 2013. Optimal Trading Strategy and Supply/Demand Dynamics, Journal of Financial Markets.

    11. Longsta, Francis A., and Jiang Wang. 2012. Asset Pricing and the Credit Market, Review of Financial Studies.

    12. Vayanos, Dimitri, and Jiang Wang. 2011. Liquidity and Asset Returns under Asymmetric Information and Imperfect Competition, Review of Financial Studies.

    13. Bao, Jack, Jun Pan, and Jiang Wang. 2011. The Illiquidity of Corporate Bonds, Journal of Finance.

    14. Huang, Jennifer, and Jiang Wang. 2010. Market liquidity, asset prices, and welfare, Journal of Financial Economics.

    15. Huang, Jennifer, and Jiang Wang. 2009. Liquidity and Market Crashes, Review of Financial Studies.

    16. Hong, Harrison, Jiang Wang, and Jialin Yu. 2008. Firms as Buyers of Last Resort, Journal of Financial Economics.

    17. Lo, Andrew W., and Jiang Wang. 2006. Trading Volume: Implications of an Intertemporal Capital Asset Pricing Model, Journal of Finance.

    18. Kogan, Leonid, Haugh, Martin Haugh, and Jiang Wang. 2006. Evaluating Portfolio Policies: A Duality Approach, Operations Research.

    19. Kogan, Leonid, Stephen A. Ross, Jiang Wang, and Mark M. Westerfield. 2006. The Price Impact and Survival of Irrational Traders, Journal of Finance.

    20. Lo, Andrew w., Harry Mamaysky, and Jiang Wang. 2004. Asset Prices and Trading Volume Under Fixed Transactions Costs, Journal of Political Economy.

    21. Llorente, Guillermo, Roni Michaely, Gideon Saar, and Jiang Wang. 2002. Dynamic Volume-Return Relation of Individual Stocks, Review of Financial Studies.

    22. Lo, Andrew W., Harry Mamaysky, and Jiang Wang. 2000. Foundations of Technical Analysis: Computational Algorithms, Statistical Inference, and Empirical Implementation, Journal of Finance.

    23. Harrison Hong, Jiang Wang. 2000. Trading and Returns Under Periodic Market Closures, Journal of Finance.

    24. Lo, Andrew W, and Jiang Wang. 2000. Trading Volume: Definitions, Data Analysis, and Implications of Portfolio Theory, Review of Financial Studies.

    25. Huang, Jennifer, Jiang Wang. 1997. Market Structure, Security Prices and Informational E_x000E_ciency, Macroeconomic Dynamics.

    26. Wang, Jiang. 1996. A Model of Trading Volume with Tax-Induced Heterogeneous Valuation and Transaction Costs, Journal of Financial Intermediation.

    27. Wang, Jiang. 1996. The Term Structure of Interest Rates In A Pure Exchange Economy With Heterogeneous Investors, Journal of Financial Economics.

    28. He, Hua, and Jiang Wang. 1995. Differential Information and Dynamic Behavior of Stock Trading Volume, Review of Financial Studies.

    29. Lo, Andrew W., and Jiang Wang. 1995. Implementing Option Pricing Models When Asset Returns Are Predictable, Journal of Finance.

    30. Wang, Jiang. 1994. A Model of Competitive Stock Trading Volume, Journal of Political Economy.

    31. Campbell, J., S.Grossman, and Jiang Wang. 1993. Trading Volume and Serial Correlation in Stock Returns, Quarterly Journal of Economics.

    32. Wang, Jiang. 1993. A Model of Intertemporal Asset Prices Under Asymmetric Information, The Review of Economic Studies.

  • 研究报告

    1. 2020新冠疫情的全球蔓延对中国经济影响的分析 , 张春,王江,屠光绍,李峰,严弘.

    2. 2020应对突发全球性灾难:疫期全球主要经济体经济政策分析 , 屠光绍,李峰,王江,严弘,张春.

国际金融体系-金融市场与金融机构

个人风采

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王江教授:为中国金融教育“创业”

五载播种,五载收获,上海交通大学上海高级金融学院 (SAIF)始终坚持“创造知识”为主体的研究型商学院理念,吸引了来自北美一流商学院顶尖学者,在来自麻省理工学院斯隆管理学院瑞穗金融集团讲席教授王 江院长的带领下,不少华人教授辞掉国外商学院优厚的终身教职身份回国,用他的说法是志同道合的一批人,一起回来就是想为中国金融教育进行“创业”式的努 力,目标就是要创办属于中国的世界一流的以金融为主的商学院。

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媒体聚焦

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【第一财经】宽松的货币政策会带来长周期金融风险

6月11日,第一财经发布上海交通大学上海高级金融学院学术委员会主席王江在第十四届陆家嘴论坛(2023)间隙接受第一财经专访的报道,他指出,思考应对金融风险的方法前,应充分思考宏观货币政策和金融风险之间的关联。

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