LIU Shuo

LIU Shuo is an Associate Professor in the Department of Finance at Tsinghua University's School of Economics and Management. His research focuses on over-the-counter markets, bond pricing, financial market microstructure, and financial intermediation. He holds a Ph.D. in Economics from the University of California, Los Angeles, and has conducted internships at the Federal Reserve Bank of St. Louis and the International Monetary Fund. His publications appear in journals such as the Journal of Financial Markets and the Review of Economic Dynamics. He teaches courses in financial economics, empirical finance, and financial data analysis. LIU also engages in academic review for several finance journals and has received teaching awards at Tsinghua University.

Shuo Liu is a researcher at Tsinghua University with a focus on over-the-counter markets, microstructure, search-and-matching theory, bond markets, and asset pricing. His work explores corporate bond liquidity during the COVID-19 crisis, interdealer price dispersion, and dealers' search intensity in US corporate bond markets. Liu also investigates intermediary capacity, liquidity risk, and bond misallocation, with a particular emphasis on search friction and its impact on market efficiency. His research contributes to understanding the dynamics of financial markets, especially in the context of liquidity shocks and information asymmetry. Additionally, he examines the role of technology and institutional design in shaping market outcomes, such as through municipal bond auctions and all-to-all government bond trading.