Samuel Candler Dobbs Professor of Economics at Emory University

Email: vivianyue1@gmail.com 

CV 

Research

Google Scholar Citation Profile

Working Papers

A Theory of International Official Lending, with Qing Liu and Zanhui Liu

Will the Currency Peg Last in Hong Kong? with Urban Jermann and Bin Wei

RMB Internationalization and Digitalization, with Bin Wei (invited chapter to be published in "The Arc of the Chinese Economy" for Center for the Study of Contemporary China, University of Pennsylvania) 

Accounting for the Evolution of China’s Production and Trade Patterns, with Hanwei Huang and Jiandong Ju

Export Dynamics and Aggregate Dynamics in Large Devaluations, with George Alessandria and Sangeeta Pratap

Journal Publications

The Fed Takes on Corporate Credit Risk: An Analysis of the Efficacy of the SMCCF, with  Simon Gilchrist,  Bin Wei, and Egon Zakrajsek

(Journal of Monetary Economics, forthcoming)

Sovereign Risk and Bank Lending: Evidence from 1999 Turkish Earthquake, with Yusuf Soner Başkaya, Bryan Hardy, Şebnem Kalemli-Özcan

(Journal of International Economics, 2024, Vol 150 (1).)

Sovereign Risk and Financial Risk , with  Simon Gilchrist,  Bin Wei, and Egon Zakrajsek

(Journal of International Economics, 2022, Vol 136, 103603.)

The Two-Pillar Policy for the RMB, with Urban Jermann and Bin Wei

(Journal of Finance, 2022, Vol 77 (6), 3093-3140)

Liquidity Backstops and Dynamic Debt Runs, with Bin Wei

(Journal of Economic Dynamics and Control, 2020, July Vol 116, 103916)

U.S. Monetary Policy and International Bond Markets, with Simon Gilchrist and Egon Zakrajsek

(Journal of Money, Credit and Banking, 2019, Vol 51, 127-161)

Sovereign Debt - Theory, with Bin Wei

(Oxford Research Encyclopedia of Economics and Finance , 2019 November)

The Twin Ds: Optimal Default and Devaluation, with Seunghoon Na, Stephanie Schmitt-Grohe and Martin Uribe

(American Economic Review, 2018, Vol 108, 1773-1819)

Interest Rate Swaps and Corporate Default, with Urban Jermann

(Journal of Economic Dynamics and Control, 2018, Vol 88, 104-120.)

(Awarded Lamfalussy Research Fellowship from European Central Bank) 

The Response of Sovevereign Bond Yields to U.S. Monetary Policy' (with Simon Gilchrist and Egon Zakrajsek)

(Economía Chilena, 2016, 19 (2), 102-126.)

Exchange Rate Policy and Foreign Bond Spreads in Developing Countries, with Samir Jahjah and Bin Wei

(Journal of Money, Credit and Banking, 2013, Vol 45 (7), 1275-1300)

A General Equilibrium Model Of Sovereign Default and Business Cycles,with Enrique Mendoza

(Quarterly Journal of Economics, 2012, 127 (2), 889-946.)

(earlier version: A Solution to the Disconnect between Country Risk and Business Cycles Theories          

Sovereign Default and Debt Renegotiation

Journal of International Economics, 2010, Vol 80 (2), 176-187.

(Awarded the Bhagwati Prize for the Best Paper published in the Journal of International Economics during 2010-2011)

Global Yield Curve Dynamics and Interactions: A Generalized Nelson-Siegel Approach (Joint with Francis X. Diebold and Canlin Li)

Journal of Econometrics, 2008, October, 351-363.

Country Spreads and Emerging Countries: Who Drives Whom? (Joint with Martin Uribe)

Journal of International Economics, 2006, June , Vol (69), 6-36.

(Awarded the Elsevier's Economics and Finance Journals most cited articles in 2005-2009)

Other Publications

Transmission of Sovereign Risk to Bank Lending, with Yusuf Soner Başkaya, Bryan Hardy, Şebnem Kalemli-Özcan

(Federal Reserve Bank of Atlanta, February 2023, Policy Hub No. 2–2023)

Interest Rate Swaps, with Bin Wei

(Research Handbook of Financial Markets, 2023, edited by Refet S. Gürkaynak, Jonathan H. Wright, published by Edward Elgar Publishing Inc.)

The Term Structure of the Excess Bond Premium: Measures and Implications, with  Simon Gilchrist,  Bin Wei, and Egon Zakrajsek

(Federal Reserve Bank of Atlanta, September 2021, Policy Hub No. 12–2021)

The Federal Reserve’s liquidity backstops to the municipal bond market during the COVID-19 pandemic with  Bin Wei

(Federal Reserve Bank of Atlanta, May 2020, Policy Hub No. 05–2020)