Ai-ru (Meg) Cheng, Ph.D.
Associate Professor

Education and Experience

Professor Cheng obtained her Ph.D. from the University of North Carolina at Chapel Hill in 2004. Cheng teaches econometrics and financial economics courses.


  • High frequency data
  • Option pricing

Areas of Specialization

  • Econometrics
  • Finance

Courses Taught

  • Economics 490/590: Economic Statistics and Econometrics
  • Economics 793: Financial and Time-Series Econometrics

Selected Publications

  • Risk-Return Trade-Off in  Pacific-Basin Equity  Markets, with  Mohammad R. Jahan-Parvar (2014) Emerging Markets Review 18, 123-140.
  • Central Bank Intervention and Japanese Exchange Rate Volatility Evidence Us- ing Realized Volatility, with Kuntal Das and Takeshi Shimatani (2013) Journal of Asian Economics 28, 87-98.
  • An Empirical Investigation of Stock Market Behavior in Middle East and North Africa, with Mohammad R. Jahan-Parvar and Phillip  Rothman (2009) Journal of Empirical Finance 17(3), 413-427.
  • Return, Trading Volume, and Market Depth in Currency Futures Markets, with Yin-Wong Cheung, (2008) International Journal of Applied Economics 5, 1-23.
  • A Gaussian Approximation Scheme for Computation of Option Prices in Stochas- tic Volatility Models, with A. Ronald Gallant, Chuanshu Ji, and Beom Lee (2008) Journal of Econometrics  146, 44-58.