Hongjun Yan

Associate Professor of Finance at Yale School of Management

Hongjun Yan is an Associate Professor of Finance at Yale School of Management. The focus of his research is on market frictions and their impacts on asset prices. His recent theoretical and empirical work examines the relation between speculation, financial innovation, and market liquidity. One recent study examines the impact of uninformed selling (i.e., Treasury auctions) on Treasury prices in the secondary markets. The results reveal large and hidden costs to the Treasury Department, and have important implications on the design of Treasury selling mechanism. He has a PhD in Finance from London Business School in 2005. This year, he teaches a course on derivatives and leads a Yale International Study Trip to China.

Content by this Author

CEPR Policy Research


  • 17 - 18 August 2019 / Peking University, Beijing / Chinese University of Hong Kong – Tsinghua University Joint Research Center for Chinese Economy, the Institute for Emerging Market Studies at Hong Kong University of Science and Technology, the Guanghua School of Management at Peking University, the Stanford Center on Global Poverty and Development at Stanford University, the School of Economics and Management at Tsinghua University, BREAD, NBER and CEPR
  • 19 - 20 August 2019 / Vienna, Palais Coburg / WU Research Institute for Capital Markets (ISK)
  • 29 - 30 August 2019 / Galatina, Italy /
  • 4 - 5 September 2019 / Roma Eventi, Congress Center, Pontificia Università Gregoriana Piazza della Pilotta, 4, Rome, Italy / European Center of Sustainable Development , CIT University
  • 9 - 14 September 2019 / Guildford, Surrey, UK / The University of Surrey