Semih Üslü, PhD
| Academic Area | Finance |
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| Academic Area | Economics |
| Areas of Interest | Asset Pricing, Market Microstructure, Search Theory |
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Semih Üslü joined the Johns Hopkins Carey Business School in 2016. He is an Associate Professor of Finance in the research track with expertise in the areas of asset pricing, market microstructure, and search theory. Prof. Üslü's research agenda aims to advance our understanding of market liquidity by providing coherent dynamic equilibrium models, which are explicit about the trading frictions that make liquidity relevant for the determination of prices, allocations, and welfare. His existing research explains how heterogeneity in market participants’ various characteristics affect their strategies in bilateral trade in OTC markets, their choice of trading venue, and their optimal inventory and portfolio management. Prof. Üslü's research has been accepted for publication in leading general-interest journals including Econometrica and the Review of Economics Studies and he was also elected to be a member of the Finance Theory Group in 2019.
Education
- Ph. D, Economics, University of California Los Angeles
- MA, Economics, University of California Los Angeles
- BA, Economics, Sabanci University
Research
Selected publications
- "A Theory of Participation in OTC and Centralized Markets" (with Jérôme Dugast and Pierre-Olivier Weill) Review of Economic Studies (2022), Forthcoming
- "Pricing and Liquidity in Decentralized Asset Markets" Econometrica, Vol. 87 (2019), pp. 2079-2140.
Working papers
- "Price Formation in Markets with Trading Delays" (with Gábor Pintér) Accepted for publication at Management Science
- Comparing Search and Intermediation Frictions Across Markets" (with Gábor Pintér) R&R at Journal of Financial Economics
- "Bond Supply, Yield Drifts, and Liquidity Provision Before Macroeconomic Announcements" (with Dong Lou and Gábor Pintér) R&R at Journal of Financial Economics
Teaching
Current
Investments
Honors and distinctions
- 2018 Outstanding Referee Award, Review of Economic Dynamics
- 2018 Dean’s Award for Faculty Excellence, JHU Carey
- 2017 Hakan Orbay Research Award (Best Paper in Microeconomics and Finance), Sabanci SOM
- 2017 Dean's Award for Faculty Excellence, JHU Carey
- 2015-16 Dissertation Year Fellowship, UCLA
- 2015 Welton Prize for Economic Theory (Best Graduate Research Paper), UCLA