Giang Nguyen

Color portrait of Giang Nguyen

Assistant Professor of Finance

Department Finance
Office Address 344 Business Building
Phone Number 814-865-2185
Email Address

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Professor Giang Nguyen joined the Finance department at Smeal College of Business as an Assistant Professor of Finance in Fall 2015. She received her PhD in Economics from the University of North Carolina at Chapel Hill, her MBA with concentration in Finance & Investments from the George Washington University, and her Bachelor with Honors degree majoring in Accounting and Finance from Monash University and the University of Queensland in Australia. Previously, she was a Senior Analyst with NERA Economic Consulting, and a Management Consultant with PricewaterhouseCoopers Vietnam.

Professor Nguyen in on leave from the University for the 2019-2020 academic year to visit the Federal Reserve Bank of New York and The U.S. Securities and Exchange Commission.


Market Microstructure (Liquidity, Price Discovery, Market Efficiency, Fixed Income Markets)
Financial Econometrics (Liquidity and Volatility Modeling)


Ph D, Economics, University of North Carolina at Chapel Hill, 2015

MBA, Finance and Investments, The George Washington University, 2006

Bachelor of Commerce with Honors, Accounting and Finance, Monash University and University of Queensland, 2001

Courses Taught

FIN 406 – Sec Anly &Prt Mgmt (3)
Advanced valuation theory; fundamentals of security analysis; portfolio construction and management.

Selected Publications

Nguyen G., Engle R. F., Fleming M. J., Ghysels E., "Liquidity and Volatility in the U.S. Treasury Market." Journal of Econometrics, 2019, pp. 55 pages
Fleming M., Nguyen G., "Price and Size Discovery in Financial Markets: Evidence from the U.S. Treasury Securities Market." Review of Asset Pricing Studies, 2019, pp. 40 pages
Fleming M., Mizrach B., Nguyen G., "The Microstructure of a U.S. Treasury ECN: The BrokerTec Platform." Journal of Financial Markets, vol. 40, 2018, pp. 2-22
(Lead Article by Editor's Choice)
Riley S. F., Nguyen G., Manturuk K., "House price dynamics, unemployment, and the mobility decisions of low-income homeowners." Journal of Housing and the Built Environment, vol. 30, no. 1, 2015, pp. 141–156

Research Impact and Media Mentions

"For all but the lowest-rated state and local governments, buying bond insurance is a bad deal", Brookings Institution, Web
"Assessing the Price Impact of Treasury Market Workups", Federal Reserve Bank of New York Liberty Street Economics Blog, Web
"Price Impact of Trades and Limit Orders in the U.S. Treasury Securities Market", Federal Reserve Bank of New York Liberty Street Economics Blog, Web
"The Need to Revisit the Regulatory Framework of the U.S. Treasury Market", U.S. Securities and Exchange Commission, Public Statement of U.S. SEC Commissioner Luis A. Aguilar