Publications:
10. Portfolio Regulation of Financial Institutions with Market Power (with Daniel Neuhann and Mahyar Sefidgaran)
Review of Financial Studies, accepted.
9. Financial Market Concentration and Misallocation (with Daniel Neuhann)
Journal of Financial Economics, 159.
8. A Model of Cryptocurrencies (with Wei Xiong)
Management Science, 69, 6684-6707, 2023.
7. Delegated Learning and Contract Commonality in Asset Management (with Mindy Xiaolan) [LEAD ARTICLE]
Review of Finance, 27, 1931–1975, 2023.
6. Decentralization through Tokenization (with Wei Xiong)
Journal of Finance, 78, 247-299, 2023.
5. China's Model of Managing the Financial System (with Markus Brunnermeier and Wei Xiong)
Review of Economic Studies, 89, 3115–3153, 2022.
4. Learning About The Neighborhood (with Zhenyu Gao and Wei Xiong)
Review Of Financial Studies, 34 , 4323–4372 , 2022.
3. Economic Consequences of Housing Speculation (with Zhenyu Gao and Wei Xiong) VoxEU Article Big Ideas Article
Review Of Financial Studies, 33, 5248-5287, 2021.
2. China's Gradualistic Economic Approach and Financial Markets (with Markus Brunnermeier and Wei Xiong)
American Economic Review: Papers & Proceedings 107, 608-613, 2017.
1. Informational Frictions And Commodity Markets (with Wei Xiong)
Journal of Finance 70(5), 2063-2098, 2015.