Published Paper:

• Liu, H., Liu, Y., Tang, Q. and Zhu, J., 2025. Pricing catastrophe risk during transitions of physical and economic environments. European Journal of Operational Research. https://doi.org/10.1016/j.ejor.2025.09.042. Download here

Working Papers:

• Liu, Y. and Tang, Q., 2026. Valuation of central clearing in the credit default swap market from a buyer’s perspective. Download here

• Liu, Y. and Tang, Q., 2026. Extreme value approach to large central counterparty exposure.

• Liu, Y. and Tang, Q., 2026. Pricing green bonds subject to multi-layered uncertainties.

• Laub, P.J., Liu, Y., Tang, Q. and Vanduffel, S., 2026. Central clearing in managing corporate default clustering in a warming world.

• Fang, Y. and Liu, Y., 2026. A hybrid catastrophe bond for joint protection against physical and economic losses.

• Alonso-García, J., Liu, Y. and Tang, Q., 2026. Indifference pricing of insurance-linked securities with market implied information.