Publications
1. Volatility, Intermediaries, and Exchange Rates, with Yang Liu
Journal of Financial Economics 141 (2021), 217-33
2. Bank Capital Requirements and Lending in Emerging Markets: The Role of Bank Characterstics and Economic Conditions, with David Jutrsa, Soledad Martinez Peria, Andrea F. Presbitero, and Lev Ratnovski
Journal of Banking and Finance, Volume 135, February 2022
3. Macro-Finance Models with Nonlinear Dynamics (Online Appendix), with Winston Wei Dou, Andrew Lo, and Harald Uhlig
Annual Review of Financial Economics (2023), Volume 15, 407-432
Journal of Financial Economics 141 (2021), 217-33
2. Bank Capital Requirements and Lending in Emerging Markets: The Role of Bank Characterstics and Economic Conditions, with David Jutrsa, Soledad Martinez Peria, Andrea F. Presbitero, and Lev Ratnovski
Journal of Banking and Finance, Volume 135, February 2022
3. Macro-Finance Models with Nonlinear Dynamics (Online Appendix), with Winston Wei Dou, Andrew Lo, and Harald Uhlig
Annual Review of Financial Economics (2023), Volume 15, 407-432
Working Papers
4. Intermediary Leverage and the Currency Risk Premium (R&R)
5. Getting to the Core: Inflation Risks Within and Across Asset Classes, with Yang Liu and Nikolai Roussanov (R&R)
6. Who Holds Sovereign Debt and Why It Matters, with Bryan Hardy and Karen Lewis (R&R)
7. Currency Risk Under Capital Controls, with Sining Liu and Yang Liu
8. Emerging Market Spreads and Risk Premia: Risk-free rate and (in)convenience yield, with Alessandro Dovis and Yang Liu (In progress)
5. Getting to the Core: Inflation Risks Within and Across Asset Classes, with Yang Liu and Nikolai Roussanov (R&R)
6. Who Holds Sovereign Debt and Why It Matters, with Bryan Hardy and Karen Lewis (R&R)
7. Currency Risk Under Capital Controls, with Sining Liu and Yang Liu
8. Emerging Market Spreads and Risk Premia: Risk-free rate and (in)convenience yield, with Alessandro Dovis and Yang Liu (In progress)
Other Writings
The linked exchange rate system of Hong Kong Dollar: a benefit-cost evaluation, with Yang Liu
A Chapter in the Hong Kong Economic Policy Green Paper 2024 issued by the HKU Business School
English version Chinese version
For the full text of the Green Paper, see English version here and Chinese version here.
A Chapter in the Hong Kong Economic Policy Green Paper 2024 issued by the HKU Business School
English version Chinese version
For the full text of the Green Paper, see English version here and Chinese version here.