Thomas Andreas Maurer
Dr. Thomas Andreas MAURER
金融学
Associate Professor

3917 7496

KK 837

Academic & Professional Qualification

PhD in Finance, London School of Economics, 2012

MSc in Finance and Economics, London School of Economics, 2008

BA in Economics, University of St Gallen, 2006

Biography

Thomas Andreas Maurer is an Associate Professor of Finance at the HKU Business School, The University of Hong Kong. Before joining HKU in 2019, he was an Assistant Professor of Finance at the Olin Business School, Washington University in St. Louis from 2012 to 2019. Thomas earned his London School of Economics MSc in Finance and Economics degree in 2008 and his LSE PhD in Finance degree in 2012. During his PhD studies he has spent one year as a visiting scholar at the University of Chicago Booth School of Business.

His research contributions are in the area of theoretical and empirical asset pricing, international finance and household finance. He regularly serves as a committee member for academic conferences and as an academic referee for many major economics and finance journals.

At HKU, Thomas is teaching classes on derivative securities to undergraduate students. In 2017, the graduating Master of Finance class at Wash U has chosen him as the best teacher and he was awarded the Reid teaching prize for the professor “whose enthusiasm and exceptional teaching most inspire, energize, and transform students”.

Teaching

FINA2322 Derivatives

Research Interest

Asset pricing

International Finance

Household Finance

Selected Publications
  • “Market Timing and Predictability in FX Markets,” (with Thuy-Duong Tô and Ngoc-Khanh Tran), Review of Finance, forthcoming.
  • “Pricing Implications of Covariances and Spreads in Currency Markets,” (with Thuy-Duong Tô and Ngoc-Khanh Tran), The Review of Asset Pricing Studies, 2022, 12(1), 336-388.
  • “Entangled Risks in Incomplete FX Markets,” (with Ngoc-Khanh Tran), Journal of Financial Economics, 2021, 142(1), 146-165.
  • “Pricing Risks Across Currency Denominations,” (with Thuy-Duong Tô and Ngoc-Khanh Tran), Management Science, 2019, 65(11), 5308-5336.
Recent Publications
消费者对动态视频行销的感知及其机制

我们在无偏好设定的情况下引入风险纠缠的概念,以一并解释数据中的汇率波动性、周期性和货币风险溢价。风险纠缠对应了一部分不完备市场模型,当中对汇率的非扩散或非对数正态冲击并未能完全被资产回报所解释。当风险纠缠时,会出现多种定价一致的汇率,但它们都不等于随机贴现因数(SDFs)的比率或其预测。将汇率与SDF脱钩能让我们解释在国际金融中令人费解的主要外汇市场规律。

细味研究货币汇率的乐趣:毛雷尔博士

从业界转投学界,毛雷尔博士是一个兴趣使然的浪漫主义者。他热衷于共享知识,更希望能为学生带来正面积极的影响。