Xuewen LIU
Professor
Pokfulam Road, Hong Kong
Office:
Room 823, K.K. Leung Building
Phone:
(852) 3917 0055 (Office)
Email:
xuewenl at hku.hk
Member
of Finance Theory
Group
Research Interests: Financial Economics, Macroeconomics,
Growth and Development, Chinese Economy
Selected
Working Papers
·
Consumption-led
Industrial Upgrading (with
Sichuang Xu)
·
Asset-market Sentiments and Business-cycle
Fluctuations (with
Pengfei Wang and Sichuang Xu) R&R at International Economic Review
CICF 2021,
CICM 2021
·
Self-Fulfilling
Risk Panics: An Expected Utility Framework (with Jess Benhabib
and Pengfei Wang)
·
Diversification
and Systemic Bank Runs
Society for
Economic Dynamics (SED) Annual Meeting 2018, SFS Cavalcade Asia Pacific 2018,
Econometric Society China Meeting 2018, AFR Summer Institute of Economics and
Finance 2019, CICM 2019...
·
A Model of China's State Capitalism (with Xi Li and Yong Wang)
NBER Summer Institute
2013, SED 2013, Econometric Society China Meeting 2013, China Economics Summer
Institute 2012, Summer Institute of Finance (SIF) 2013...
Publications
·
Delayed Crises and Slow Recoveries (with Pengfei Wang and Zhongchao Yang)
Journal of Financial
Economics, forthcoming. NEW
·
A Model of Systemic
Bank Runs
Journal of Finance, 2023, 78 (2), 731-793.
A simple illustration
of SVB event
·
Exchange-Traded Funds
and Real Investment (with
Constantinos Antoniou, Weikai Li, Avanidhar
Subrahmanyam and Chengzhu Sun)
Review of Financial Studies, 2023, 36 (3), 1043–1093.
·
Financial
Markets, the Real Economy, and Self-fulfilling Uncertainties (with Jess Benhabib
and Pengfei Wang)
Journal of Finance, 2019, 74 (3), 1503-1557.
·
Credit Expansion and
Credit Misallocation (with Alexander Bleck)
Journal of Monetary Economics, 2018, 94, 27-40.
·
The
Creditor Channel of Liquidity Crises (with Antonio Mello)
Journal of Money, Credit and
Banking, 2017, 49(6),
1113-1160.
·
Endogenous
Information Acquisition and Countercyclical Uncertainty (with Jess Benhabib
and Pengfei Wang)
Journal of Economic Theory, 2016, 165, 601-642.
·
Interbank Market
Freezes and Creditor Runs
Review of Financial Studies, 2016, 29(7), 1860-1910.
Yihong Xia Best Paper Award, China International
Conference in Finance, 2014
·
Sentiments, Financial Markets, and
Macroeconomic Fluctuations (with Jess Benhabib
and Pengfei Wang)
Journal of Financial
Economics, 2016,
120(2), 420-443.
·
Short-selling Attacks and
Creditor Runs
Management Science, 2015, 61(4), 814-830.
·
The Fragile Capital
Structure of Hedge Funds and the Limits to Arbitrage (with Antonio Mello)
Journal of Financial
Economics, 2011,
102(3), 491-506.
·
Market Transparency and the
Accounting Regime (with
Alexander Bleck)
Journal of Accounting Research, 2007, 45(2), 229-256.