Semih Uslu

Semih Üslü, PhD

Associate Professor
Academic AreaFinance
Academic AreaEconomics
Areas of InterestAsset Pricing, Market Microstructure, Search Theory

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

Working Papers

  • "Comparing Search and Intermediation Frictions Across Markets" (with Gábor Pintér) R&R at Journal of Financial Economics
  • ''Liquidity in the Cross Section of OTC Assets" (with Güner Velioğlu) R&R at Management Science

Teaching

Current

Investments

Honors and Distinctions

  • 2024 BIS Research Fellowship, Bank for International Settlements  
  • 2022 General Research Support Fund Award, JHU Carey
  • 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

Impact and Engagements

  • Academic Visitor, Bank of England, 2023 - Present
  • Research Fellow, Bank for International Settlements (BIS), 2025
  • Dissertation Intern, Federal Reserve Bank of St Louis, 2015 

In the Media

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