标题：张顺明
简介
男、金融系、教授、博导。张顺明教授，男，湖北省广水市人，1966年3月30日生，中国科学院系统科学研究所数理经济学和金融经济学博士（1996年7月）。
1996年8月至2000年9月在清华大学执教，2000年9月至2006年9月在(加拿大)西安大略大学和(新西兰)惠灵顿维多利亚大学作访问教授和研究员，2006年9月回国到厦门大学经济学院金融系任教，受聘为厦门大学王亚南经济学特聘教授。2009年9月，来中国人民大学财政金融学院任教。 张顺明教授主要从事经济学与金融学的教学与研究，在数理经济学、金融经济学、经济理论、 经济政策、国际贸易、中国经济等方面颇有学术贡献，在国际专业期刊权威杂志发表论文多篇。发表论文的杂志包括Journal of Mathematical Economics, Asia-Pacific Journal of Operational Research, Mathematical Finance, Journal of Global Optimization, International Journal of Information Technology and Decision Making, Economics Letters, Journal of Mathematical Analysis and Applications, Journal of Development Economics等。在金融学领域的研究包括不完全资产市场理论、具有市场摩擦的无套利定价理论、衍生资产定价理论、效用表示理论、多重风险分析等。
主要研究与教学领域
金融经济学
工作经历
1988年06月－1990年09月 襄樊学院(原襄阳师范高等专科学校)数学系教师 
1996年08月－2000年09月 清华大学经济管理学院金融与国际贸易系金融学副教授 
1998年06月－1998年08月 香港城市大学计算机科学系研究员(Senior Research Assistant) 
1998年08月－1998年12月 麻省理工学院Sloan管理学院访问学者(Visiting Scholar) 
1999年06月－1999年09月 香港城市大学计算机科学系研究员(Research Fellow) 
2000年06月－2000年09月 香港城市大学计算机科学系研究员(Research Fellow) 
2000年09月－2001年04月 西安大略大学经济学系访问教授(Visiting Professor) 
2001年05月－2005年08月 西安大略大学经济学系博士后研究员(Post-Doctoral Research Fellow) 
2005年08月－2006年08月 惠灵顿维多利亚大学经济金融学院研究员(Research Fellow) 
2006年09月－2009年08月 厦门大学经济学院金融学系金融经济学特聘教授
2009年09月－今 中国人民大学财政金融学院教授教授
教育经历
1984年09月－1988年06月 华中师范大学数学系基础数学专业本科 
1990年09月－1993年07月 中国科学院系统科学研究所数理经济学硕士 
1993年09月－1996年07月 中国科学院系统科学研究所数理经济学博士
学术和社会兼职
社会学术任职中国系统工程学会理事
中国系统工程学会(系统理论专业委员会委员)
中国运筹学会(金融工程与金融风险管理分会常务理事)
中国交叉科学学会(金融量化、分析与计算分会副理事长)
《经济数学》编辑委员会委员国际杂志审稿Insurance: Mathematics and Economics
Quantitative Finance
The World Economy
Journal of International Economics
The B.E. Journal of Theoretical Economics
Economic Modelling
Journal of Policy Modeling
Energy Economics
Energy Policy
The Journal of International Trade and Economic Development
Letters in Spatial and Resource Sciences
Journal of Mathematical Analysis and Applications
European Journal of Operational Research
Journal of Global Optimization
International Journal of Information Technology and Decision Making
Asia-Pacific Journal of Operational Research
IIE Transactions
Theoretical Computer Science
Future Generation Computer Systems
讲授课程
金融经济学
金融风险管理
现代金融决策理论
高级微观经济学
数理金融--动态资产定价理论
随机过程
经济与金融学随机方法
保险与精算技术
科研方向
数理经济学
金融经济学
金融工程
现代金融决策理论
经济理论和经济政策
代表性学术成果
代表性论文[2011] Xiaojun Shi, Hiroshi Tsuji and Shunming Zhang (2011), Introducing Managers’ Attitudes Heterogeneity into the Behavioral Risk-Scoring for Software Offshoring, Forthcoming in Systems Research and Behavioral Science (SSCI and SCI)
[2011] Yitao Jiang, Xiaojun Shi, Shunming Zhang and Jingjing Ji (2011), The Threshold Effect of High-level Human Capital Investment on China’s Urban-Rural Income Gap, Forthcoming in China Agricultural Economic Review (SSCI and SCI)
[2011] John Whalley and Shunming Zhang (2011), Distance Measures between Free Trade and Autarky for the World Economy, Forthcoming in Economic Modelling (SSCI)
[2011] John Whalley, Jun Yu and Shunming Zhang (2011), Trade Retaliation in a Monetary-Trade Model, Forthcoming in Global Economy Journal
[2011] Jun Yu and Shunming Zhang (2011), Optimal Trade Policy in Tariff Games with Inside Money, Forthcoming in Economic Modelling (SSCI)
[2010] 叶志强  陈习定  张顺明(2010)，我国定期存贷款利率隐含波动率研究---基于无模型隐含波动率分析, 《管理科学学报》即将发表
[2010] John Whalley and Shunming Zhang (2010), Tax Induced Multiple Equilibria, Forthcoming in Applied Economics Letters (SSCI)
[2010] Hui Huang, Xiaojun Shi and Shunming Zhang (2010), Counter-Cyclical Substitution between Trade Credit and Bank Credit, Forthcoming in Journal of Banking and Finance (SSCI)
[2011] Zhuming Chen and Shunming Zhang (2011), Optimal Timing and Equilibrium Price for SOE Property Rights Transfer under Imperfect Information, International Journal of Information Technology and Decision Making, 2011, Volume 10, Issue 2, Page 353-372 (SSCI and SCI)
[2011] Yao Li, John Whalley, Shunming Zhang and Xiliang Zhao (2011), The Higher Educational Transformation of China and Its Global Implications, The World Economy, 2011, Volume 34, Issue 4, Pages 516-545 (SSCI)
[2011] 叶志强  陈习定  张顺明(2011)，金融发展能减少城乡收入差距吗？----来自中国的证据, 《金融研究》，2011年, 第33卷, 第2期，第42-56页
[2011] John Whalley and Shunming Zhang (2011), On the Arbitrariness of Consumption, Applied Economics Letters 2011, Volume 18, Number 4, Pages 301-304 (SSCI)
[2011] Xiaojun Shi, Hiroshi Tsuji and Shunming Zhang (2011), Eliciting Experts' Perceived Risk of Software Offshore Outsourcing Incorporating Individual Heterogeneity, Expert Systems with Applications, 2011, Volume 38, Number 3, Pages 2283-2291 (SCI and SSCI)
[2010] 石晓军  张顺明 (2010)，经济周期中商业信用与银行借款替代行为研究，《管理科学学报》，2010年, 第13卷，第12期，第10-22页
[2010] Xiaojun Shi and Shunming Zhang (2010), Exploring Multiple Equilibria for Symmetric 2×2 CES / LES Pure Exchange Economies, Applied  Mathematics – A Journal of Chinese Universities, 2010, Volume 25 (B), Number 2, Pages 137-154 (SCI)
[2010] Xiaojun Shi and Shunming Zhang (2010), An Incentive-Compatible Decision on Trade Credit Term Considering Default Risk, European Journal of Operational Research, 2010, Volume 206, Number 1, Pages 178-196 (SCI and SSCI)
[2010] 石晓军  张顺明 (2010)，商业信用、融资约束及效率影响——基于中国上市公司的实证研究，《经济研究》，2010年, 第45卷，第1期，第102-114页
[2009] 石晓军  张顺明  李  杰 (2009)，商业信用对信贷政策的抵消作用是反周期的吗？来自中国的证据，《经济学季刊》，2009年, 第9卷，第1期，第213-236页
[2009] Hui Huang, John Whalley and Shunming Zhang (2009), Exploring Policy Options in Joint Intertemporal-Spatial Trade Models Using an Incomplete Markets Approach, Economic Theory, 2009, Volume 41, Number 1, Pages 131-145 (SSCI)
[2009] 张顺明  余  军 (2009)，内部货币与我国最优关税政策研究，《经济研究》，2009年, 第44卷，第2期，第18-31页
[2008] 石晓军  张顺明  朱芳菲  (2008), 多因素视角下商业信用期限决策的双层规划模型与实证研究, 《中国管理科学》, 2008年, 第16卷, 第6期，第112－122页
[2007] John Whalley and Shunming Zhang (2007), A Numerical Simulation Analysis of Labour Mobility (Hukou) Restrictions in China, Journal of Development Economics, 2007, Volume 83, Issue 2, Pages 391-410 (SSCI)
[2006] Housheng Chen, Xiaotie Deng, Ping Li and Shunming Zhang (2006), On Default Correlation and Pricing of Collateralized Debt Obligation by Copula Functions, International Journal of Information Technology and Decision Making, 2006, Volume 5, Number 3, Page 483-493 (SCI)
[2006] Xiaotie Deng, Yonggeng Gu, Shouyang Wang and Shunming Zhang (2006), On Convergence of a Semi-analytical Method for American Option Pricing, Journal of Mathematical Analysis and Applications, 2006, Volume 313, Issue 1, Pages 353-365 (SCI)
[2005] John Whalley and Shunming Zhang (2005), VAT Base Broadening When the Location of Some Consumption is Mobile, Economics Letters, 2005, Volume 87, Issue 2, Pages 199-205 (SSCI)
[2004] Xiaotie Deng and Shunming Zhang (2004), On the First Fundamental Theorems of Asset Pricing in General State Space, Chinese Journal of Economic Theory, 2004, Volume 1, Number 2
[2004] Xiaotie Deng, Chunlei Xu and Shunming Zhang (2004), Dynamic Arbitrage-free Asset Pricing with Proportional Transaction Costs, in Progress in Economics Research, Volume 7 (Edited by Albert Tavidze), 2004, Pages 95-111
[2004] Hui Huang and Shunming Zhang (2004), Propositions of Five Equilibria Examples for 3X2 CES / LES Pure Exchange Economies, International Journal of Information Technology and Decision Making, 2004, Volume 3, Number 4, Page 583-604 (SCI)
[2004] Shunming Zhang, Shouyang Wang and Xiaotie Deng (2004), Portfolio Frontier with Different Interest Rates for Borrowing and Lending, Journal of Global Optimization, 2004, Volume 28, Number 1, Page 67-95 (SCI)
[2002] Shunming Zhang, Chunlei Xu and Xiaotie Deng (2002), Dynamic Arbitrage-free Asset Pricing with Proportional Transaction Costs, Mathematical Finance, 2002, Volume 12, Number 1, Page 89-97 (SSCI and SCI)
[2001] Shunming Zhang (2001), Discrete-time Stochastic Equilibrium with Infinite Horizon Incomplete Markets, Applied Mathematics - A Journal of Chinese Universities, 2001, Volume 16 (B), Number 2, Pages 203-218 (SCI)
[2000] Xiaotie Deng and Shunming Zhang (2000), On the First Fundamental Theorems of Asset Pricing in General State Space without and with Transaction Costs, Intelligent Data Engineering and Automate Learning - IDEAL, 2000, Page 551-558 (SCI)
[1999] Shunming Zhang (1999), Existence of General Equilibrium for Stochastic Economy with Infinite-dimensional Commodity Space and Incomplete Asset Markets, Applied  Mathematics – A Journal of Chinese Universities, 1999, Volume 14(B), Number 2, Page 177-190 (SCI)
[1999] Shunming Zhang and Zaihua Liu (1999), General Black-Scholes Model of Security Valuation, Acta Mathematica Scientia, 1999, Volume 19, Number 3, Pages 279-288 (SCI)
[1998] Shunming Zhang (1998), Existence of General Monetary Equilibrium, Asia-Pacific Journal of Operational Research, 1998, Volume 15, Number 2, Page 203-224 (SCI)
[1998] Shunming Zhang and Yuyun Wang (1998), Finite Horizon Arbitrage-free Security Markets, Acta Mathematica Scientia, 1998, Volume 18, Number 2, Pages 203-211 (SCI)
[1998] Shunming Zhang (1998), Existence of General Equilibrium for Stochastic Economy with Incomplete Financial Markets, Applied Mathematics - A Journal of Chinese Universities, 1998, Volume 13(B), Number 1, Page 77-94 (SCI)
[1997] Shunming Zhang (1997), Extensions of Farkas-Minkowski's Lemma and Stiemke's Lemma in the Space l, Tsinghua Science and Technology, 1997, Volume 2, Number 4, Pages 856-860
[1996] Shunming Zhang (1996), Extension of Stiemke's Lemma and Equilibrium in Economy with Infinite-dimensional Commodity Space and Incomplete Markets, Journal of Mathematical Economics, 1996, Volume 26, Number 2, Page 249-268 (SSCI)
NBER Working Papers[2008] Yao Li, John Whalley, Shunming Zhang and Xiliang Zhao (2008), The Higher Educational Transformation of China and Its Global Implications, 2007, NBER working Paper 13849 (Issued on March 2008) and CIGI Policy Brief 3 (June 2008).
[2006] John Whalley and Shunming Zhang (2006), Modelling State-Owned Enterprise Behavioural Responses to Trade Reforms: Some Analytics and Numerical Simulation Results Using Chinese Data, NBER Working Paper No. 12780, Issued in December 2006；厦门大学与辅仁大学经济管理学术交流研讨会论文集，2007年6月，第385－413页
[2004] John Whalley and Shunming Zhang (2004), Inequality Change in China and (Hukou) Labour Mobility Restrictions, NBER Working Paper No. 10683, Issued in August 2004.
NBER Working Papers[2004] John Whalley and Shunming Zhang (2004), Inequality Change in China and (Hukou) Labour Mobility Restrictions, NBER Working Paper No. 10683, Issued in August 2004.
[2006] John Whalley and Shunming Zhang (2006), Modelling State-Owned Enterprise Behavioural Responses to Trade Reforms: Some Analytics and Numerical Simulation Results Using Chinese Data, NBER Working Paper No. 12780, Issued in December 2006；厦门大学与辅仁大学经济管理学术交流研讨会论文集，2007年6月，第385－413页
[2008] Yao Li, John Whalley, Shunming Zhang and Xiliang Zhao (2008), The Higher Educational Transformation of China and Its Global Implications, 2007, NBER working Paper 13849 (Issued on March 2008) and CIGI Policy Brief 3 (June 2008).


学术奖励
1996年11月中国科学院院长奖学金一等奖
2008年10月国家杰出青年科学基金获得者
2009年09月教育部高等学校科学研究优秀成果奖(人文社会科学)经济学三等奖
2010年03月教育部直属高等学校2009年“新世纪百千万人才工程”国家级人选