"Noise as Information for Illiquidity."

Grace Xing Hu, Jun Pan and Jiang Wang. Journal of Finance Vol. 68, No. 6 (2013): 2223-2772.

"Optimal Trading Strategy and Supply/Demand Dynamics."

Obizhaeva, Anna A. and Jiang Wang. Journal of Financial Markets Vol. 16, No. 1 (2013): 1-32.

"Asset Pricing and the Credit Market."

Longstaff Francis A. and Jiang Wang. Review of Financial Studies Vol. 25, No. 11 (2012): 3169-3215.

Theories of Liquidity.

Vayanos, Dimitri and Jiang Wang. Hanover, MA: Now Publishers Inc., 2012.

"Liquidity and Asset Returns under Asymmetric Information and Imperfect Competition."

Dimitri Vayanos and Jiang Wang. Review of Financial Studies Vol. 25, No. 5 (2012): 1339-1365.

"The Illiquidity of Corporate Bonds."

Bao, Jack, Jun Pan and Jiang Wang. Journal of Finance Vol. 66, No. 3 (2011): 911-946.