Photo of Teng Wang

Teng Wang

Education

  • Ph.D., Finance, Erasmus University, 2015
  • M.Phil., Finance (Cum Laude), Erasmus University, 2010
  • B.Sc., International Economics and Finance, University of Amsterdam, 2008
Current Research Topics
  • Financial Crises and Bank Lending
  • Law and Finance, Wholesale Credit Risk
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2021 - present
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2018 - 2021
  • Economist

    Board of Governors of the Federal Reserve System

    2015 - 2018
  • Wang, Teng (2021). "Local Banks and the Effects of Oil Price Shocks," Journal of Banking & Finance, vol. 125 (April).
  • Law, Andy, Buhui Qiu, and Teng Wang (2021). "Patent Enforcement, Shareholder Value, and Firm Innovations: Evidence from the Supreme Court Ruling on TC Heartland (2017)," Harvard Business Law Review, vol. 11, pp. 1-26.
  • Liu, Ya, Buhui Qiu, and Teng Wang (2021). "Debt Rollover Risk, Credit Default Swap Spread and Stock Returns: Evidence from the COVID-19 Crisis," Journal of Financial Stability, vol. 53 (April).
  • Norden, Lars, Gregory F. Udell, and Teng Wang (2020). "Do Bank Bailouts Affect the Provision of Trade Credit?" Journal of Corporate Finance, vol. 60 (February).
  • Wang, Teng (2020). "Branching Networks and Geographic Contagion of Commodity Price Shocks," Finance and Economics Discussion Series 2020-034. Board of Governors of the Federal Reserve System (U.S.).
  • Wang, Teng (2019). "To Build or to Buy? The Role of Local Information in Credit Market Development," Management Science, vol. 65, no. 12, pp. 5838–5860.
  • Qiu, Buhui, and Teng Wang (2018). "Does Knowledge Protection Benefit Shareholders? Evidence from Stock Market Reaction and Firm Investment in Knowledge Assets," Journal of Financial and Quantitative Analysis, vol. 53, no. 3, pp. 1341-1370.
  • Claessens, Stijn, Andy Law, and Teng Wang (2018). "How Do Credit Ratings Affect Bank Lending Under Capital Constraints?" BIS Working Papers, No 747. Basel, Switzerland: Bank for International Settlements.
  • Qiu, Buhui, and Teng Wang (2017). "Does Knowledge Protection Benefit Shareholders? Evidence from Stock Market Reaction and Firm Investment in Knowledge Assets," Finance and Economics Discussion Series 2017-012. Board of Governors of the Federal Reserve System (U.S.).
  • Wang, Teng (2017). "To Build or to Buy? The Role of Local Information in Credit Market Development," Finance and Economics Discussion Series 2017-013. Board of Governors of the Federal Reserve System (U.S.).
  • Norden, Lars, Peter Roosenboom, and Teng Wang (2016). "The Effects of Corporate Bond Granularity," Journal of Banking & Finance, vol. 63, pp. 25-34.
  • Wang, Teng (2015). "Essays in Banking and Corporate Finance," Ph.D. dissertation, Erasmus University.
  • Norden, Lars, Peter Roosenboom, and Teng Wang (2013). "The Impact of Government Intervention in Banks on Corporate Borrowers' Stock Returns," Journal of Financial and Quantitative Analysis, vol. 48, no. 5, pp. 1635-1662.
  • conference

    March, 2021

    Midwest finance conference (online)

  • conference

    January, 2021

    AEA annual meetings (online)

  • conference

    December, 2020

    Paris December Finance Conference (online)

  • conference

    November, 2020

    Federal Reserve System Committee Conference in Energy Finance (online)

  • conference

    October, 2020

    Stress Testing Research Conference (online)

  • conference

    January, 2020

    ASSA annual meetings, San Diego

  • conference

    October, 2019

    Community Banking in the 21st Century Research and Policy Conference, St. Louis

  • conference

    May, 2019

    Financial Intermediation Research Society Conference, Savannah

  • conference

    April, 2019

    Chicago Financial Institutions Conference

  • conference

    April, 2018

    EFA Annual Meetings

  • conference

    October, 2017

    FMA meetings

  • conference

    November 2017

    Federal Reserve System Committee on Financial Insitutions, Regulation, and Markets

  • conference

    January, 2017

    American Economic Association Annual Meetings

  • conference

    December, 2016

    International Conference on Small Business Finance, FGV Brazil

  • conference

    November, 2016

    Federal Reserve System Committee Meeting on Financial Structure and Regulation

  • discussion

    October, 2016

    FMA meetings

  • conference

    October, 2016

    FMA meetings

  • conference

    September, 2016

    Federal Reserve System Committee Meetings on Regional Economics

  • conference

    July, 2016

    FMA Asia/Pacific Conference

  • discussion

    April, 2016

    EFA Annual Meetings

  • conference

    April, 2016

    EFA Annual Meetings

  • discussion

    March, 2016

    Mid-Atlantic Research Conference in Finance

  • conference

    July, 2015

    China International Conference in Finance

  • discussion

    June, 2015

    RIETI - Bank of Japan Conference, Japan

  • conference

    June, 2015

    MoFiR workshop on Banking, Japan

  • seminar

    February, 2015

    European Central Bank, Germany

  • seminar

    February, 2015

    City University Hong Kong

  • seminar

    January, 2015

    Cornerstone Research

  • seminar

    January, 2015

    Federal Reserve Board of Governors

  • seminar

    January, 2015

    Federal Reserve Bank of Richmond

  • seminar

    December, 2014

    Dauphine University, France

  • conference

    June, 2014

    IFABS Conference, Lisbon

  • conference

    December 2013

    Australasian Finance and Banking Conference, Australia

  • conference

    June, 2011

    IFABS Conference, Rome

  • conference

    August, 2011

    European Finance Association, Sweden

Awards
  • 2011

    National Science Foundation of the Netherlands

    NWO Mosaic Grant for Doctoral Research

  • 2016

    Financial Management Association

    FMA Asia Pacific Conference Best Paper Award

Conference Organization
  • 2017-current | North America and Asia

    Financial Management Association

    Program Committee Member

  • 2018-current

    Northern Finance Association

    Program Committee Member

  • 2021-current

    FIRS

    Program Committee Member

Referee
  • Ad hoc referee for Review of Finance, Management Science, Journal of Financial and Quantitative Analysis, Journal of Banking and Finance, Journal of Corporate Finance, Comparative Economic Studies, BE Journals
  • Ad hoc reviewer for research proposals for National Science Foundation (NSF)
Professional Affiliation
  • American Economics Association, American Finance Association, Financial Management Association, FIRS
Last update: January 18, 2022