• 2014: The Macroeconomic Effects of Debt- and Equity-Based Capital Inflows and Policy Measures to Mitigate Those Effects
• 2012: The Effect of Commodity Price Shocks on Underlying Inflation: The Role of Central Bank Credibility

• Credit Booms, Banking Crises, and the Current Account
• The Macroeconomic Effects of Debt- and Equity-Based Capital Inflows
• The Effect of Commodity Price Shocks on Underlying Inflation: The Role of Central Bank Credibility

• 2014: Credit Risk Contagion among Banks in Hong Kong

• 2014: Meta-Analysis of Studies on China’s Business Cycle Synchronization

• Meta-Analysis of Chinese Business Cycle Correlation

• 2018: Complexity of global banks and their foreign operation in Hong Kong
• 2013 - 2014: Liquidity Management of Foreign Banks in Hong Kong
• 2003 - 2004: Is There a Lending Channel Monetary Policy Transmission in Hong Kong

• The International Transmission of Shocks: Foreign Bank Branches in Hong Kong during Crises
• Operating Performance of Banks among Asian Economies: An International and Time Series Comparison
• The X-Efficiency of Commercial Banks in Hong Kong
• Impact of Deposit Rate Deregulation in Hong Kong on the Market Value of Commercial Banks

Dr. Simon Kwan is Senior Advisor at the Federal Reserve Bank of San Francisco. He is responsible for evaluating financial stability risks, both locally and nationally, with a focus on identifying and monitoring areas of emerging systemic risk in the financial system and serving as a source of expertise for policy makers as well as bank examiners and supervisors.

Kwan has a wealth of expertise on issues pertaining to financial stability, macroprudential supervision, credit market conditions and risk, and bank regulation, expertise gained from years of experience within the Federal Reserve System, at the Sveriges Riksbank (the central bank of Sweden), and in academia.

Prior to joining the Cleveland Fed, Kwan was Head of Research and Modelling in the Financial Stability Department at the Sveriges Riksbank in Stockholm, Sweden from 2015 to 2016. Kwan started his central banking career by joining the Federal Reserve Bank of San Francisco as an economist in 1995, and he worked his way up the ranks to Vice President, Head of Financial Research, and, Senior Research Advisor.

• 2018: The potential use of RMB as a currency for trade invoicing and international payment in the Belt and Road countries
• 2013: The Potential of the RMB to be a Major Invoicing Currency

• Invoicing Currency in International Trade: An Empirical Investigation and Some Implications for the Renminbi

• 2017: Disruptive Regulations: Theory and Evidence
• 2014: Shadow Banking in China

• Chinese Shadow Banking: Bank-Centric Misperceptions

• 2014: Heterogeneous Risk Preferences, and Test of Risk Sharing Using Household Level Data in China

• Heterogeneous preferences and risk sharing at household level in China
• China’s Capital and “Hot” Money Flows: An Empirical Investigation

• 2014 - 2015: Modelling the Chinese Economy with Structural Changes

• 2014: Housing Price Volatility and Residential Mortgage Default Risk in China

• 2014: Foreign Bank Subsidiaries' Default Risk during the Global Crisis: What Factors Help Insulate Affiliates from their Parents?

• 2016: On- and Off-Shore Corporate Bonds in China
• 2014: Where do Emerging Market Investors Invest?
• 2012: Foreign Equity Investments by Emerging Market Investors
• 2011: Foreign Investors and International Contagion

• The Coming Wave: Where Do Emerging Market Investors Put Their Money?
• The Coming Wave
• How Important are Foreign Ownership Linkages for International Stock Returns?

• 2014: Macro-Financial Spillovers in an Era of Globalization: The Role of Emerging Markets

• 2014: Asynchronous Monetary Policies and Destabilizing Capital Flows

• Shadow Banking and Bank Capital Regulation

• 2014: The Development of International Bank Regulation and Supervision in Hong Kong 1970-82
• 2008: The Hong Kong Exchange Fund and the Collapse of the Bretton Woods System 1967-75
• 2005: The Hong Kong Banking System: Competitiveness and Responsiveness to External Shocks

• The Evolution of the Hong Kong Currency Board During Global Exchange Rate Instability: Evidence from the Exchange Fund Advisory Committee 1967-1973
• The Operation of the Moratorium on New Bank Licenses on the Hong Kong banking system 1965-81
• The Origins of Anti-Competitive Regulation: Was Hong Kong 'over-banked' in the 1960s?

• 2017: Identifying Asian Bank Lending Standards
• 2014 - 2015: Systemic Risk in Asian Bank Lending
• 2010: Rating Performance and Agency Incentives of Asian Structured Finance Transactions
• 2009: Asset Volatility, Credit Quality and Recovery for Hong Kong Borrowers
• 2007: Stressing Credit Risk Forecasts for the Hong Kong Banking System

• The role of loan portfolio losses and bank capital for Asian financial system resilience
• Securitization Rating Performance and Agency Incentives
• The Empirical Relation between Credit Quality, Recovery, and Correlation
• Credit Losses in Economic Downturns - Empirical Evidence for Hong Kong Mortgage Loans

• 2014: Global Capital Flows: The Role of the South and Trade

• Capital Market Financing, Firm Growth, and Firm Size Distribution
• International Asset Allocations and Capital Flows: The Benchmark Effect
• Debt Markets in Emerging Economies: Major Trends

• 2016: Chinese Real Exchange Rate
• 2014: SOE and Chinese Real Business Cycle
• 2010: Sectoral Labor Mobility and Monetary Policy in Small Open Economies
• 2009: Global Liquidity, Vertical Trade, and Financial Integration
• 2007: Explanation for Fear of Floating

• SOE and Chinese Real Business Cycle
• Sectoral Labor Adjustment and Monetary Policy in a Small Open Economy
• Vertical Trade and China's Export Dynamics
• The Optimal Currency Basket with Input Currency and Output Currency
• Input Substitution, Export Pricing, and Exchange Rate Policy

• 2014: 金融消費者權益保護

• 2013: Measuring Chinese Monetary Policy

• What Measures Chinese Monetary Policy?

• 2014: Domestic Value Added in Chinese Exports
• 2011: China’s Exchange Rate Policies and Export Dynamics: A Firm-level Analysis
• 2010: Financial Constraints and Exporting Behavior: Theory and Firm-level Evidence from China

• The Domestic Segment of Global Supply Chains in China under State Capitalism
• The Dragon is Flying West: Micro-Level Evidence of Chinese Outward Direct Investment
• Factor Intensity, Product Switching, and Productivity: Evidence from Chinese Exporters
• Exchange Rates and the Margins of Trade: Evidence from Chinese Exporters
• Geopolitics, Global Patterns of Oil Trade, and China’s Oil Security Quest
• The Determinants of Vertical Integration in Export Processing: Theory and Evidence from China

• 2014: Transport Infrastructure and the Real Exchange Rate with Application to Asia
• 2011 - 2013: Are Some Forms of Capital Flows Riskier Than Others? Lessons from the 2008-2009 Global Financial Crisis
• 2009 - 2010: How Sustainable Is China’s High Savings Rate?
• 2008 - 2009: Does Leapfrogging in Export Sophistication Raise Economic Growth? Evidence from China and Other Countries

• Roads and the Real Exchange Rate
• A Theory of the Competitive Saving Motive
• The Chinese Corporate Savings Puzzle: A Firm-Level Cross-Country Perspective
• Give Credit where Credit is Due: Tracing Value Added in Global Production Chains
• Domestic Institutions and the Bypass Effect of Financial Globalization
• The Composition Matters: Capital Inflows and Liquidity Crunch during a Global Economic Crisis
• The Value of Making Commitments Externally: Evidence from WTO Accessions
• A Faith-based Initiative: Does a Flexible Exchange Rate Regime Really Facilitate Current Account Adjustment?
• Corruption and Cross-Border Investment in Emerging Markets: Firm-Level Evidence
• Does Insider Trading Raise Market Volatility?
• Offshore Investment Funds: Monsters in Emerging Markets?

Shang-Jin Wei has been appointed as the New Century Chair in International Economics and Senior Fellow by the Brookings Institution since July 1, 2000. Before that, he had been on the faculty of Harvard University for eight years, first as an assistant professor of public policy and then an associate professor of public policy at the Kennedy School of Government. He is concurrently a research fellow at the National Bureau of Economic Research (Cambridge, USA), Centre for Economic Policy Research (London, UK), and Harvard University's Center for International Development.

An expert in international finance, open-economy macroeconomics, international trade and investment, and reform strategies in transition economies, he has published scholarly articles in top academic journals, including Quarterly Journal of Economics, Review of Economics and Statistics, American Economic Review, European Economic Review, Journal of International Economics, Journal of Development Economics, Brookings Papers on Economic Activity, and Canadian Journal Economics. He has published two books, and contributed many chapters in other books.

Many of his research outcomes have useful policy implications and have been reported in eleven different newspapers and magazines, including most recently the Financial Times (November 17, 2000; May 30, 2000; and June 23, 1997), Economist magazine (September 9, 2000; January 16, 1999; and August 2, 1997), Time magazine (June 22, 1998), Business Week (January 12, 1998, and December 1997), and Hong Kong Economic Daily (October 18, 2000). His anti-corruption reform proposal, "Special Governance Zones," (with others) received a First-prize People's Choice Award at the second international Innovation Marketplace competition sponsored by the World Bank on February 8-9, 2000.

• 2020: Monetary Policy Uncertainty in China
• 2017: Asymmetric Monetary Policy Transmission in China: The Role of State‐Owned Enterprises
• 2015: Monetary Policy in China: A Qual VAR Approach
• 2014: The Effects of Unconventional Monetary Policies on Capital Flows to Emerging Market Economies
• 2011 - 2012: House Prices in Asia: The Role of Capital Flows and LTV Ratios
• 2010: Inflation Targeting and Inflation Persistence in Asia

• Pushing on a String: State-Owned Enterprises and Monetary Policy Transmission in China
• The Effectiveness of Monetary Policy in China: Evidence from a Qual VAR
• Unconventional Monetary Policy Shocks and the Spillovers to Emerging Markets
• Capital Inflows and Asset Prices: Evidence from Emerging Asia
• Inflation Targeting and Inflation Persistence in Asia-Pacific

• 2014: Monetary Policy, Business Cycles, and Trend Switches in the Chinese Economy

• Trends and Cycles In China's Macroeconomy