BIOGRAPHY

Claudia Moise is a Visiting Assistant Professor of Finance at the University of North Carolina at Chapel Hill’s Kenan-Flagler Business School. Her research areas are asset pricing, market microstructure, and financial econometrics, with a focus on volatility, liquidity, financial crises, big data, market mechanism design, and regulations of financial markets. She has developed a real-time measure of market illiquidity that stems from frictions that reflect slow-moving arbitrage capital; has assessed the effect of circuit breakers on market quality and has proposed refinements to the existing mechanism to alleviate unintended effects; has identified flights to safety while establishing a link between financial volatility and monetary policy; and has proposed behavioral explanations for some of the asset pricing anomalies.

Claudia has held academic positions at Duke University, the University of Maryland, New York University, and Case Western Reserve University. She was also a financial economist in the Division of Economic and Risk Analysis (DERA) at the U.S. Securities and Exchange Commission, where she provided economic support for various market structure initiatives such as dark pools’ increased transparency, broker/dealer’s order routing and execution disclosure, and the designation of a new listing exchange, among others, and served as the DERA delegate for the Limit Up-Limit Down Operating Committee, and for the Market Quality Subcommittee of the Executive Market Structure Advisory Committee. Prior to earning her Doctorate, Claudia worked as a consultant for PGA Funds/CBOT and for the Fixed Income Quantitative Research Department at Deutsche Bank/Zurich Scudder, where she developed models for portfolio allocation and risk assessment. She also worked in quantitative marketing research for Information Resources, and as a statistician for Abbott labs, and for the Romanian National Institute of Statistics.

Claudia holds a Bachelor’s and Master’s degrees in Mathematics from the University of Bucharest, a Master’s degree in Statistics from the University of South Carolina, and an MBA and Doctorate in Finance and Econometrics from the University of Chicago Booth.