Publications
- Financial Stability, Growth and Macroprudential Policy [Publication][Code], Journal of International Economics 122, 103259, 2020.
- Capital Controls: A Survey of the New Literature [Publication], with Alessandro Rebucci, Oxford Research Encyclopedia of Economics and Finance, 2020.
- Self-Regulation versus Government Regulation: An Externality View [Publication][Online Appendix], Journal of Regulatory Economics 58(2), 166-183, 2020.
- Too Big to Fail and Optimal Regulation [Publication], with Hai Nguyen, International Review of Economics and Finance 75, 747-758, 2021.
- Capital Flows, Real Estate, and Local Cycles: Evidence from German Cities, Banks and Firms [Publication], with Peter Bednarek, Daniel te Kaat, and Alessandro Rebucci, Review of Financial Studies 34(10), 5077-5134, 2021.
- Reform of the International Economic Order: Uncertainty and Economic Policy Coordination [Publication], with Haoyuan Ding, Yuying Jin and Kees Koedijk , Journal of International Money and Finance 127, 102692, 2022.
- Modern Pandemics: Recession and Recovery [Publication], with John Rogers and Sili Zhou, [VoxEU], [COVID Economics Issue 5], [Econbrowser], [Market World], [UNIDO], [FRB WP], [BOFIT DP], Journal of the European Economic Association 21(5), 2098-2130, 2023.
- Sudden Stop with Local Currency Debt [Publication], with Siming Liu and Hewei Shen, Journal of International Economics 148, 103888,2024.
- Welfare Gains from Market Insurance: The Case of Mexico and Oil-price Risk [Publication], with Fabian Valencia, Journal of International Money and Finance 142, 103028, 2024.
Working Papers
- Portfolio Capital Flows and Household Portfolios, with Daniel te Kaat, and Alessandro Rebucci, first version in Sep 2023, revised in Feb 2024.
- A Housing Portfolio Channel of QE Transmission, with Dominik Boddin, Daniel te Kaat, and Alessandro Rebucci, first version in Feb 2021, revised in Jan 2024.
- International Equity and Debt Flows to Emerging Market Economies: Composition, Crises, and Controls, with Shang-Jin Wei, first version in Dec 2020, revised in Oct 2023, [NBER WP].
- The Effect of the China Connect, with John Rogers and Sili Zhou, [VoxChina], [WSJ.com], first version in Aug 2019, revised in Jan 2024, [FRB WP], [BOFIT DP].
- Foreign Reserves and Capital Controls: A Financial Development Perspective, with Hidehiko Matsumoto, first version in Feb 2023, revised in Jan 2024.
Work in Progress
- China’s Increasing Global Financial Impact, with Alessandro Rebucci and Sili Zhou, first version in Feb 2023, new version coming soon.
Other Publications
- Global Economic and Financial Effects of 21st Century Pandemics and Epidemics", with John Rogers and Sili Zhou, pre-print published in Covid Economics, Issue 5, 2020 and Fudan Financial Review (In Chinese), Issue 8, 2020.
- Welfare Gains from Hedging Oil-price Risk, with Fabian Valencia, 2016 Mexico Selected Issues Paper, Ch. 3, 2016.
- Exchange Rate Regimes and Economic Performance: A Panel Data Study, 1990-2005, with Xuefei Bai and Mo Tian, World Economy Study, 2009, Serial No. 185. (In Chinese)