Welcome to my website! I am an Assistant Professor of Finance at NUS Business School, National University of Singapore.

I conduct research on financial stability, focusing on how financial regulation and economic incentives shape the behaviors of intermediaries and households in ways that affect systemic risk. My research has been published in the Review of Financial Studies, the Proceedings of the National Academy of Sciences, and Management Science.

I received my Ph.D. in Finance from New York University Stern School of Business, USA. As an undergraduate, I studied economics and finance at Peking University, China.

NUS Page | Google Scholar | SSRN

Recent Updates

• Recent discussions: FIRS; MoFiR Workshop on Banking; CEIBS Finance and Accounting Symposium; Conference on FinTech Advances in Emerging Markets; CICF; EFA
• “Reducing Racial Disparities in Consumer Credit: Evidence from Anonymous Loan Applications” was published in Management Science. The working paper version can be found here; also see the non-technical summary.
• We are now revising “Size-Based Regulation and Bank Fragility: Evidence from the Wells Fargo Asset Cap” for the Review of Financial Studies.
• “Nonperforming Loan Disposals Without Resolution” was published in Management Science. The working paper version can be found here. The illicit concealment phenomenon documented in this paper was validated by recent regulatory actions, see this article by the Economist.
• “Digital Payments and Consumption: Evidence from the 2016 Demonetization in India” was published in the Review of Financial Studies.
• We are now revising “Supporting Seniors: How Low-Income Elderly Individuals Respond to a Retirement Support Program” for Management Science.