Daniel Nathan

Assistant Professor of Finance
The Hong Kong Polytechnic University — School of Accounting and Finance

Research focus: I study the plumbing of financial markets: how institutional constraints, settlement mechanics, and capital flow dynamics generate predictable patterns in asset prices.

daniel.nathan@polyu.edu.hk | PolyU Faculty Profile | Download CV

I am an Assistant Professor of Finance at The Hong Kong Polytechnic University (PolyU), which I joined in 2025. My research sits at the intersection of empirical asset pricing and international finance, with a focus on how institutional frictions shape return patterns in equity and currency markets.

Previously, I was a Senior Research Economist in the Monetary Department at the Bank of Israel (2007–2025) and a Visiting Scholar at The Wharton School (2022–2024) sponsored by Itay Goldstein. I completed my PhD in Finance at Tel-Aviv University in 2022. I am affiliated with the Bank of Israel where I am a Research Fellow and I am a member of the Macro Finance Society.

My work has appeared in leading journals, including Management Science, Journal of International Economics, and Review of Asset Pricing Studies.

News

Mar 17, 2026	New working paper: “The Intramonth Momentum Cycle”, with Matti Suominen and Joni Tasa. We show that US equity momentum returns accrue almost entirely in just six trading days each month, driven by institutional investors’ dash-for-cash before month-end payment deadlines.
Mar 17, 2026	Our paper “China Walls”, with Tomy Lee and Chaojun Wang, has been accepted for presentation at the FIRS 2026 conference in Miami.
Mar 17, 2026	Our paper “Capital Inflow Shocks and Convenience Yields”, with Nadav Ben Zeev and Noam Ben-Ze’ev, has been accepted for presentation at the Sovereign Bond Markets in Geopolitical Storms conference in Luxembourg City, June 2–3, 2026.
Feb 7, 2026	Our paper “FX Interventions and Capital‑Constrained Banks: Evidence from USD/ILS Spot, Forward, and Option Markets”, with Markus Hertrich, is now published online at the Journal of Money, Credit and Banking.
Sep 21, 2025	I will present our new working paper “China Walls”, at the upcoming SFS Cavalcade Asia-Pacific on December, 5 in Beijing.