Research Publications:
English Journal:
Asako, K. and Zhentao Liu. Comovement of Stock Markets — An Analysis by Nonlinear
Cointegration. Open Journal of Social Sciences, 2016,4, 62-73.
Dong Yan, Liu Zhentao, Sun Qian, Shen Z,Political patronage and capital structure in China,
Emerging Markets Finance and Trade, 2014,50(3), 102-125.
Zhentao Liu, Gilbert V. Nartea and Ji Wu, 2013, Does Idiosyncratic Volatility Matter in
Emergeing Markets? Journal of International Financial Markets, Institutions & Money,
Forthcoming, 27:137 - 160.
Kazumi Asako, Zhentao Liu, 2013, A Statistical Model of Speculative Bubbles, with
Applications to the Stock Markets of the United States, Japan, and China. Journal of
Banking and Finance, vol.37, 2639-2651
Liu Zhentao, and Kazumi Asako, 2011,A Disequilibrium Analysis of the Japanese Loan
Market: Were the Post-Bubble Periods in Disequilibrium? Hitotsubashi Journal of
Economics, 52(1),87-111
Liu, Zhentao, and Kazumi Asako, 2009, Transfiguration of the Foreign Exchange Market -
Since the Euro Introduction, Applied Financial Economics, 19，1803-1812
Liu Zhentao, 2008, Testing the liquidity effect with equilibrium interest rate, Applied
Economics, 40, 1529–1535
Chinese Journal:
Liu Zhentao, Haomiao Zuo, Zhenxuan Zhang, 2012, Bubble Process and Dynamic Bayesian
Model, Journal of Management Science in China, 4, 74-83
Liu Zhentao, Haomiao Zuo, Haiwei Zeng, 2012, Volatility Spillover and Information
Transmission between Futures and Spot Markets, Financial Research, 4, 140-154.
Zuo Haomiao and Zhentao Liu, 2011, Jump Risk Measure and Its Application, Financial
Research, 10, 87-111.
Japanese Journal:
浅子和美，Spencer Christopher，刘振涛，2015，金融政策の目標と政策決定過程，日刊《经济
研究》，66(2): 97 - 114。
浅子和美，张艳，刘振涛，2014，日米中株式市場の連動性: 非線形共和分の検証，日刊《经济
研究》，65(1): 56-85。
张艳，刘振涛，2013, 世界金融危機下の日中米株式市場の比較分析,ゆうちょ資産研究，第20
巻，75-106。
劉振濤，浅子和美，加納悟, 投機的バブルの推計――日米中の株式市場への応用，(2011 年12
月), 浅子和美・渡部敏明(編), 『ファイナンス・景気循環の計量分析』(ミネルヴァ書房), 第1
章9-34 頁｡
Working Paper:
Worldwide Inflation Arose from China
Sports Sentiment and Pricing Efficiency, co-authored with Fei Wu and Bohui Zhang
Price Co-Movement Among Stock Markets of U.S., Japan and China, co-authored with
Kazumi Asako, in Japanese.
Financial Transaction Cost and Dual-List
Dynamic Jump Risk and Asset Pricing