Wai-Man (Raymond) Liu graduated with his Ph.D. in April 2005. Liu has published a research monograph on Inframarginal Economics and numerous high quality papers in international refereed journals, including Journal of Financial Economics, Journal of Financial Markets, Journal of Futures Markets, Journal of Banking & Finance, Pacific-Basin Finance Journal and Pacific Economic Review. The research monograph was co-written with the late Prof. Xiaokai Yang (Yang and Liu (2009)). It provides systematic and comprehensive materials for applying a new overarching framework to the analysis of a wide range of micro and macro phenomena. Liu’s key research area is in market microstructure. His works involve studying the role of public information on the formation of liquidity and volatility in the financial market.

BCom, Pgrad Dip Finance, MCom(Hons), MChD, PhD

Liu's research interests are broad and diverse, from the minutiae of market microstructure - on how price is formed when traders interact strategically in the financial market - to the study of the insights of Adam Smith's division of labour and specialization on increasing returns. His present research focus is mainly on the area of empirical and theoretical market microstructure, asset pricing, theory of firm, political economy and health science.