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Curriculum Vitae May 2014

Department of Economics and Finance School of Business College of Charleston Phone: (843) 953-1988 Fax: (843) 953-0754 [email protected]

EDUCATION Doctor of Philosophy, Finance, University of Alabama, December 2007 Master of Arts, Finance, University of Alabama, December 1995 Bachelor of Science, Finance, University of Alabama, May 1994

ACADEMIC EXPERIENCE Associate Professor, Department of Economics and Finance, College of Charleston, Charleston, South Carolina, August 2013 to present Assistant Professor, Department of Economics and Finance, College of Charleston, Charleston, South Carolina, August 2007 to August 2013 Lecturer, Department of Economics, Finance and Legal Studies, University of Alabama, Tuscaloosa, Alabama, Summers of 2004, 2005, 2006, and 2007 Teaching Assistant, Department of Economics, Finance and Legal Studies, University of Alabama, Tuscaloosa, Alabama, Spring 2004 to Fall 2007 Research Assistant, Department of Economics, Finance and Legal Studies, University of Alabama, Tuscaloosa, Alabama, Spring 2007 Teaching Assistant, Finance Department, University of Michigan, Ann Arbor, Michigan, Spring 2003

PROFESSIONAL EXPERIENCE Assistant Vice President, Cosmos Foreign Exchange Co., Taipei, , 1997-2002 Research Analyst, Phoenix Investment Development Co., Taipei, Taiwan, 1996-1997 Management Trainee, The Equitable, New York, NY, 1996

PUBLICATIONS Liu, H.-C. and M.D. Witte, 2013, “The Microstructure of Covered Interest Arbitrage in a

1 Market with a Dominant Market Maker”, Journal of International Financial Markets, Institutions & Money 24, 25-41 Chou, C.-H and H.-C Liu, 2013, “The Effectiveness of Web-based Foreign Exchange Trading Simulation in International Finance Course”, Journal of Teaching in International Business 24, 4-20 Liu, H.-C. and M.D. Witte, 2013, “Price Clustering in the US Dollar/Taiwan Dollar Swap Market”, Financial Review 48, 77-96 Ligon, J.A. and H.-C. Liu, 2013, “The Relation of Trade Size and Price Contribution in the Foreign Exchange Brokered Market: Evidence from Taiwan”, Pacific-Basin Finance Journal 21, 1024-1045 Liu, H.-C. and H. , 2013, “The effect of Euro debt crisis on ADR pricing”, Journal of International Business Research 12, 79-92 Ligon, J.A. and H.-C. Liu, 2011, “The Effect of the Trading System on IPO Underpricing: Evidence from the 1997 Order-Handling Rules”, Journal of Financial Research 34, 103- 130 Bryant, L.L. and H.-C. Liu, 2011, “Mutual Fund Industry Management Structure Risk and the Impacts to Shareholders”, Global Finance Journal 22, 101-115 Liu, H.-C., 2011, “Timing of price clustering and trader behavior in the foreign exchange market: Evidence from Taiwan”, Journal of Economics and Finance 35, 198-210 Bryant, L.L. and H.-C. Liu, 2010, “Management structure and the risk of mutual fund managers”, Journal of Finance and Accountancy 2, 125-140

WORKING PAPERS “Price clustering and information revelation in the foreign exchange market” “Window-Dressing or Preferred Habitat: Evidence from Swaps market”, with Mark Witte “Price and size clustering in the foreign exchange swap market” “Information revelation through ADRs” “ADR returns and foreign exchange volatility” with Benjamin Pantuck and Min-Teh “Culture, price clustering, and stock return: evidence from ADR market” “Asymmetric information and foreign exchange swap returns”, with Mark Witte “Do firms know what they are getting from switching their listings? An empirical study of firm’s decision on switching their listing”, with James Ligon

CONFERENCES “Price Clustering in the US Dollar/Taiwan Dollar Swap Market”, 2012 Eastern Finance Association Annual Meeting, Boston,

“A Web-based Foreign Exchange Trading Simulation for International Finance Course”, 2012 Academy of Economics and Finance Annual Meeting, Charleston, SC

“The Microstructure of Covered Interest Arbitrage”, 2011 Eastern Finance Association Annual Meeting, Savannah, GA

2 “The Microstructure of Covered Interest Arbitrage”, 2010 70th International Atlantic Economic Conference, Charleston, SC

“Management structure and the risk of mutual fund managers”, 2010 NTU International Economics, Finance, and Accounting Conference, Taipei, Taiwan

“Timing of price clustering and trader behavior in the foreign exchange market: Evidence from Taiwan”, 2009 Academy of Economics and Finance Annual Meeting, Pensacola Beach, FL

“Trading Behavior in the Foreign Exchange Brokered Market”, 2007 Financial Management Association Conference, Orlando, FL

“Trading Behavior in the Foreign Exchange Brokered Market”, 2006 Southern Finance Association Conference, Destin, FL

JOURNAL REVIEW Journal of International Financial Markets, Institutions & Money

ACADEMIC SERVICE Faculty Senator, Economics and Finance, College of Charleston, Spring 2012 to present Scholarship Committee, College of Charleston, Spring 2012 to present Graduate Council Committee, College of Charleston, Spring 2011 to present Faculty Advisor, Student Finance and Investment Club, School of Business, College of Charleston, Fall 2010 to present Global Scholar Mentor, Global Scholars Program, September 2009 to present Core Course Coordinator, Department of Economics and Finance, College of Charleston, Fall 2012 to Spring 2013 International Business Curriculum Committee, College of Charleston, Fall 2008 to Spring 2012 Faculty Advisor, Team Investment Portfolio, Student Finance and Investment Club, School of Business, College of Charleston, Fall 2010 to Spring 2011 Bachelor’s essay advisor, College of Charleston, Fall 2010 to Spring 2011 Bachelor’s essay committee, College of Charleston, Fall 2010 to Spring 2011 Academic advisor, College of Charleston, Fall 2008 to present International Business Program Committee, College of Charleston, Fall 2007 to Spring 2008 Ad Hoc Real Estate Internship Recruitment Committee, Fall 2007

BOOK REVIEWS “International Financial Management” by Cheol S. Eun and Bruce G. Resnick, 5/e, McGraw- Hill, 2009

“International Financial Management” by Geert Bekaert and Robert J. Hodrick, 2/e, Pearson, 2010

3 PROFESSIONAL AFFILIATIONS Certified Global Business Professional (CGBP), NASBITE International Registered Senior Money Broker, Central , Taipei, Taiwan National Association of Security Dealers (NASD) Series 6,63, New York, NY, passed in 1996 New York State Life and Health Insurance Licenses, New York, NY, passed in 1996

HONORS AND AWARDS

School of Business Research Grant, School of Business, College of Charleston, Summer 2012 School of Business Research Grant, School of Business, College of Charleston, Summer 2011 International Studies and Foreign Language: Global Scholars Travel Funds, College of Charleston, Summer 2010 School of Business Research Grant, School of Business, College of Charleston, Summer 2010 Global Scholar, College of Charleston, 2009 to present Global Trade Initiative Research Grant, School of Business and Economics, College of Charleston, Summer 2009 Global Trade Initiative Research Grant, School of Business and Economics, College of Charleston, Summer 2008 First Place Award, International Financial Market Program, Taiwan Academy of Banking and Finance, Taipei, Taiwan, 1997 Leadership Award, North America Chinese Student Association, Tuscaloosa, AL, 1994 Golden Key National Honor Society, Tuscaloosa, AL, 1993

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