Office: 421 RBC Phone: 610-758-4775 Fax: 610-758-4677 Email: wew4@lehigh.edu Applied Microeconomic Analysis Microeconomic Theory Real Options and Investment Strategy Numerical Methods for Business Decisions

Wenlong Weng is an Assistant Professor of Economics. He joined the Lehigh faculty after earning his Ph.D. from Stanford University in 2001. Prior to coming to Lehigh University, he has worked for the EMF (An Energy Modeling Forum for energy experts from government, industry, universities, and other research organizations) and has been a research associate at KMV Corporation (now Moody's KMV, the world's leading provider of quantitative credit analysis tools.). His research paper with Dr. Kealhofer and Ms. Kwok has been widely distributed in financial industry. He has worked as a consultant for the State Economic Commission of P.R. China, and taught at Tsinghau University in China.

Research Interests

• Financial Economics
• Real options and decision-making under uncertainty
• Risk measurement and management
• Derivative

Publications and Working Papers

• "Financial Interdependence between Hong Kong and the US: A Band Spectrum Approach," L. Chan, D. Lien, and W. Weng, International Review of Economics and Finance, forthcoming, 2007.
• "Exchange Rates and Prices: A Revisit of Granger Causality Tests," J. Cheng, L. Taylor and W. Weng, Journal of Post Keynesian Economics, Winter 2006-7, 29(2), 261-285.
• "Valuing Investment Projects with Expansion Options," R. Kish and W. Weng, International Journal of Managerial Finance, 2005, 1 (3), 164-186.
• "The Information Content of Implied Volatility: An Investigation of Index Options In the US and UK", R. Kish, Y. Shu, G. Vasconcellos, and W. Weng, Finance Letters, 2005, 3(2), 20-24.
• "The Initial Investment Option and Its Optimal Investment Threshold," W. Weng, Proceedings of the Quantitative Methods in Finance 2003 Annual Conference, Sydney, Australia, December 2003.
• "Irreversible Investment Under Uncertainty with Bankruptcy Risk," K. Esteghamat, R. Kish, and W. Weng, Finance Letters, 2003, Vol.1, Issue 3, pp. 1-8.
• "Uses and Abuses of Bond Default Rates", Kealhofer, S., S. Kwok, and W. Weng, J.P. Morgan Credit Metrics Monitor, March 1998, 37-55.