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    Harald HAU (Research Fellow)

    University of Geneva
    (Jan & Mar 2015 ; Jan - Feb 2013)

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    Harald HAU (Research Fellow)

    University of Geneva
    (Jan & Mar 2015 ; Jan - Feb 2013)
    Research Topic:
    • 2015: The Chinese Household Response to Minimum Wage Increases
    • 2013: Asset Allocation and Monetary Policy
    Working Papers:
    • Asset Allocation and Monetary Policy: Evidence from the Eurozone
    Personal website: http://www.haraldhau.com
    Email: [email protected]
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    Michael FUNKE (Research Fellow)

    Hamburg University
    (Mar & Oct 2016; Jan & Mar 2015; Feb - Mar 2011; Feb - Mar 2007; Feb - Mar 2005; Feb 2003)

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    Michael FUNKE (Research Fellow)

    Hamburg University
    (Mar & Oct 2016; Jan & Mar 2015; Feb - Mar 2011; Feb - Mar 2007; Feb - Mar 2005; Feb 2003)
    Research Topic:
    • 2016: Exploring the Diffusion and Dynamics of Producer Prices Across Asian Countries
    • 2015: Chinese Monetary Policy in a DSGE Model with Parallel Shadow Banking
    • 2011: What Drives Urban Consumption in Mainland China? The Role of Property Price Dynamics
    • 2007: Modelling the Volatility Transmission between Renminbi and Asia Pacific US Dollar Futures
    • 2005: Inflation Dynamics in Mainland China
    • 2003: Growth and Convergence in a Two-region Model: The Hypothetical Case of Korean Unification
    Working Papers:
    • Mapping China’s Time-Varying House Price Landscape
    • To Guide or not to Guide? Quantitative Monetary Policy Tools and Macroeconomic Dynamics in China
    • The Diffusion and Dynamics of Producer Prices, Deflationary Pressure Across Asian Countries, and the Role of China
    • Monetary Policy Transmission in China: A DSGE Model with Parallel Shadow Banking and Interest Rate Control
    • What Drives Urban Consumption in Mainland China? The Role of Property Price Dynamics
    • Volatility Dependence across Asia-Pacific Onshore and Offshore Currency Forwards Markets
    • Inflation in Mainland China - Modelling a Roller Coaster Ride
    • Growth and Convergence in a Two-region Model: The Hypothetical Case of Korean Unification
    Personal website: http://www.uni-hamburg.de/fachbereiche-einrichtungen/fb03/iwwt/makro/Funke.html
    Email: [email protected]
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    Jianqiang LI (Exchange Fellow)

    Research Bureau of the People’s Bank of China
    (Nov 2014 - Jan 2015)

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    Jianqiang LI (Exchange Fellow)

    Research Bureau of the People’s Bank of China
    (Nov 2014 - Jan 2015)
    Research Topic:
    • 2014 - 2015: Modelling the Chinese Economy with Structural Changes
    Email: [email protected]
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    Chen LIN (Research Fellow)

    The University of Hong Kong
    (Sep - Dec 2016; May - Jun 2015 (Part-time basis); Feb - Apr 2013 (Part-time basis); Jul - Dec 2011 (Part-time basis))

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    Chen LIN (Research Fellow)

    The University of Hong Kong
    (Sep - Dec 2016; May - Jun 2015 (Part-time basis); Feb - Apr 2013 (Part-time basis); Jul - Dec 2011 (Part-time basis))
    Research Topic:
    • 2016: Quantifying Financing Needs in “Belt and Road” Countries and Industries
    • 2015: Banking Deregulation, Competition and Bank Earnings Management
    • 2013: Does Bank Monitoring Matter to Bondholders? (Joint project of Joel F. HOUSTON, Chen LIN, and Junbo WANG)
    • 2011: Bank Regulation, Supervision and Bank’s Risk Takings: Evidence from Financial Crisis
    Working Papers:
    • Quantifying Financing Needs in the Belt and Road Countries and Industries
    • Financial Flexibility and Corporate Cash Policy
    • Competition and Bank Opacity
    • Does Bank Monitoring Matter to Bondholders?
    • Regulatory Arbitrage and International Bank Flows
    • Financial Innovation: The Bright and the Dark Sides

    Chen Lin is the Stelux Professor in Finance, Chair Professor of Finance and the Associate Dean (Research) of the Faculty of Business and Economics at the University of Hong Kong. He is also the Director of the Center of Financial Innovation and Development at the University of Hong Kong. Before joining HKU, he was on the finance faculty at the Chinese University of Hong Kong (CUHK), where he became a Full Professor in Finance in 2010 and the Choh-Ming Li Professor in Finance in 2012. He received his Bachelor of Engineering from the South China University of Technology in 2000 and a MBA (2004), M.A. (2005) and Ph.D. (2006) from Warrington College of Business Administration, University of Florida. His research interests include banking and financial institutions, corporate finance, financial contracting, financial regulation, and development economics. He has published more than twenty papers in leading academic journals such as Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Accounting Research, Management Science, Journal of Public Economics and Journal of Development Economics. He also published in Journal of Corporate Finance, Journal of Banking & Finance, Journal of Risk and Insurance, Journal of International Money and Finance, Journal of Comparative Economics, Journal of Regulatory Economics, Review of Industrial Organization, and others. His papers received various awards such as the Jensen Prize (First Prize) for the Best Papers Published in the Journal of Financial Economics in the Areas of Corporate Finance and Organizations, the Chicago Quantitative Alliance Asian Academic Competition Research Paper Award, the Hong Kong Asian Capital Market Research Prize awarded by CFA Institute and HKSFA, and two Best Paper Awards at the 9th International Conference on Asia-Pacific Financial Markets. He was also awarded the Changjiang Scholar Chair Professorship by the Ministry of Education of China in 2013. He was also ranked among the Top 20 young economists by IDEAS in 2014. He is the Principal Investigator of several RGC Competitive Earmarked Research Grants and a Co-Principal Investigator of a RGC Theme-based Research Grant, the first large-scale, theme-based business research grant in Hong Kong. His works and views have been presented in top finance conferences such as American Finance Association annual conference, European Finance Association annual conference and Western Finance Association annual conference, and various conferences held by institutions such as Asian Development Bank, the Bank of International Settlement, China Banking Regulatory Commission, China Security Regulatory Commission, Hong Kong Monetary Authority, International Monetary Fund, the Federal Reserve Banks, National Bureau of Economic Research and the World Bank and covered by BBC World TV, Bloomberg, Foreign Policy, Financial Times, Harvard Law School Forum on Corporate Governance and Financial Regulation, China Daily, CFA Digest, Hong Kong Satellite TV, Phoenix Satellite TV, VoxEU, Wall Street Journal (Real Time Economics) and World Bank Doing Business Report. He serves as a panel member of the Research Grant Council of Hong Kong and the RAE exercise conducted by University Grants Committee of Hong Kong. He was also a research fellow at the Hong Kong Institute for Monetary Research (HKIMR).

    Personal website: http://www.sef.hku.hk/people/faculty/chenlin.html
    Email: [email protected]
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    Shu LIN (Research Fellow)

    Fudan University
    (Jan - Feb 2015)

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    Shu LIN (Research Fellow)

    Fudan University
    (Jan - Feb 2015)
    Research Topic:
    • 2015: The International Transmission of U.S. Monetary Policy: New Evidence from Trade Data
    Working Papers:
    • The International Transmission of U.S. Monetary Policy: New Evidence from Trade Data
    Personal website: http://shulin.yolasite.com/
    Email: [email protected]
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    Paul McNELIS (Research Fellow)

    Fordham University
    (Sep 2016 - Mar 2017; Jul 2015; Dec 2012; Mar - Apr 2009; Dec 2004; Aug 2004; Dec 2003; Jul - Aug 2003)

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    Paul McNELIS (Research Fellow)

    Fordham University
    (Sep 2016 - Mar 2017; Jul 2015; Dec 2012; Mar - Apr 2009; Dec 2004; Aug 2004; Dec 2003; Jul - Aug 2003)
    Research Topic:
    • 2016: China’s Monetary Transmission Mechanism: Time for the Taylor Rule?
    • 2015: Quantitative Easing and Tapering Near and Far: Quantifying the Effects on Emerging Markets
    • 2012: Finding Stability in a Time of Crisis: Lessons of East Asia for Eastern Europe following Sudden-Stops in External Credit
    • 2009: A Bayesian Macroeconomic Analysis of Hong Kong: Price Stickiness, Financial Frictions and Sources of Volatility
    • 2004: The Risks of Renminbi Revaluation and Hong Kong Financial Market Adjustment
    • 2003: Deflation Dynamics in Hong Kong
    Working Papers:
    • Policy Rules in Times of Prolonged Crisis: Quantitative Easing Abroad and Fiscal Adjustment at Home
    • Monetary Rules and Policy Targets under Managed Exchange Rates and Capital Controls: The Case of China
    • Finding Stability in a Time of Crisis: Lessons of East Asia for Eastern Europe
    • Structural Change and Counterfactual Inflation-Targeting in Hong Kong
    • Renminbi Revaluation, Euro Appreciation and Chinese Markets: What Can We Learn From Data?
    • Deflationary Dynamics in Hong Kong: Evidence from Linear and Neural Network Regime Switching Models
    • A Comparison of US and Hong Kong Cap-Floor Volatility Dynamics

    Paul D. McNelis holds the Robert Bendheim Chair in Economic and Financial Policy in the Department of Finance, Graduate School of Business Administration, Fordham University. His office is located at 1790 Broadway, Room 1322. He arrived at Fordham in Fall, 2005.

    McNelis was previously a Professor of Economics at Georgetown, joining the faculty in 1977 as an Assistant Professor. His Ph. D. is from Johns Hopkins University in Baltimore and his undergraduate degree is from Boston College. He was born in Hazleton, Pa., where his father was Executive Director of the United Mine Workers Health and Welfare Fund, and his mother worked for the Pennsylvania State Department of Employment Security. After completing his theological studies McNelis was ordained as a Catholic priest for the Maryland Province of the Society of Jesus on June 4, 1977 .

    At Georgetown McNelis regularly taught courses in the fields of International Finance, Macro, and Monetary Economics. McNelis also worked as the faculty liaison of the Georgetown M.A.-Economics collaborative program (Instituto Latinoamericano de Doctrina y Estudios Sociales, ILADES ) since its 1987 inception in Santiago,Chile. ILADES is now part of the newly formed Universidad Alberto Hurtado in Santiago.

    McNelis has worked with various international development organizations in Washington as well as central banks throughout the world, such as the Central Bank of Ireland, the Reserve Bank of Australia, the Reserve Bank of New Zealand, the Bank of Indonesia, the Hong Kong Monetary Authority, the Bank of Japan, the Central Bank of the Philippines, and Bank Bangladesh.

    McNelis was also a visiting professor at Trinity College, Dublin in 1986-87, the first Philips visiting professor at the Vargas Foundation in Sao Paulo, Brazil during the 1994-95 academic year, and the Gasson Professor of Economics at Boston College during the 2001-02 academic year. He has taught in multiple languages, offering short courses on Neural Networks and Finance in Portuguese in Sao Paulo and Brasilia, Brazil, and in Spanish in Barcelona, Leon, and Santiago, Chile.

    His writings are in the field of Computational Macroeconomics, concentrating on problems of adjustment and financial liberalization in Latin America and Asia. His current research is on applications of neural networks and genetic algorithms for predicting exchange rate and asset-price instabilities, for assessing the effects of alternative monetary aggregates on inflation and interest rates in the short run, for evaluating credit risks in emerging markets, and solving real business cycle models.

    Neural Networks in Finance: Gaining Predictive Edge in the Market, (Elsevier Academic Press) was published in Jan. 2005, and another book, Computational Macroeconomics for the Open Economy (MIT Press), appeared in Oct. 2008 The latter is a collaborative venture with Professor Guay C. Lim of the Melbourne Institute of Applied Economic and Society Research, University of Melbourne, Australia.

    Personal website: http://www.bnet.fordham.edu/mcnelis/biograph1.htm
    Email: [email protected]
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    David C. PARSLEY (Research Fellow)

    Owen Graduate School of Management
    Vanderbilt University
    (Feb 2015; May 2009; Mar - Apr 2002; Mar - Jun 2001; Mar - Jun 2000)

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    David C. PARSLEY (Research Fellow)

    Owen Graduate School of Management
    Vanderbilt University
    (Feb 2015; May 2009; Mar - Apr 2002; Mar - Jun 2001; Mar - Jun 2000)
    Research Topic:
    • 2015: Fiscal Policy Shocks and Real Exchange Rates
    • 2009: International Portfolio Holdings: Source and Host Country Influences on Home Bias
    • 2002: News Spillovers in the Sovereign Debt Market
    • 2001: Foreign Exchange Exposure and Exchange Rate Arrangements in East Asia
    • 2000: Accounting for Real Exchange Rate Changes in East Asia
    Working Papers:
    • Return Comovement
    • Sovereign Credit Ratings, Transparency and International Portfolio Flows
    • Evaluating Exchange Rate Management An Application to Korea
    • News Spillovers in the Sovereign Debt Market
    • Foreign Exchange Exposure and Exchange Rate Arrangements in East Asia
    • Pricing in International Markets: A 'Small Country' Benchmark
    • Exchange Rate Pass -Through in a Small Open Economy: Panel Evidence from Hong Kong
    • Accounting for Real Exchange Rate Changes in East Asia

    Prior to his doctoral studies, Professor Parsley worked in consulting and for the Federal Reserve Bank of San Francisco. His research interests are in the fields of international finance and macroeconomics. He has concentrated on the macroeconomics of exchange rates, prices and the relationship between the two. His current research is directed in two main areas: (1) purchasing power parity (PPP) and whether convergence toward purchasing power parity is impacted by the monetary regime, and (2) the economic and time-series characteristics of international market segmentation. Professor Parsley teaches courses in macroeconomics, international trade and commercial policy, international economics, and international business at Vanderbilt University where is an Associate Professor at the Owen Graduate School.

    Personal website: http://www2.owen.vanderbilt.edu/david.parsley/
    Email: [email protected]
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    Laurent PAUWELS (Research Fellow)

    University of Sydney
    (Jan 2015)

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    Laurent PAUWELS (Research Fellow)

    University of Sydney
    (Jan 2015)
    Research Topic:
    • 2015: Predicting the People’s Bank of China Monetary Policy Decisions Using Forecast Combinations
    Working Papers:
    • Predicting China’s Monetary Policy with Forecast Combinations
    • Stability Tests for Heterogeneous Panel Data
    • Inflation in Hong Kong, SAR - In Search of a Transmission Mechanism
    Personal website: http://sydney.edu.au/business/staff/laurentp
    Email: [email protected]
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    Larry Dongxiao QIU (Research Fellow)

    The University of Hong Kong
    (Jun - Aug 2015 (Part-time basis); Jun - Sept 2013 (Part-time basis))

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    Larry Dongxiao QIU (Research Fellow)

    The University of Hong Kong
    (Jun - Aug 2015 (Part-time basis); Jun - Sept 2013 (Part-time basis))
    Research Topic:
    • 2015: Intermediate Input Imports and Innovation: Evidence from Chinese Firms
    • 2013: Managerial Capacity, Export Product Scope and Trade Liberalization: Theory and Evidence from China
    Working Papers:
    • Effects of Intermediate Input Tariff Reduction on Innovations in China
    • Multiproduct Firms, Export Product Scope, and Trade Liberalization: The Role of Managerial Efficiency
    Personal website: http://www.sef.hku.hk/~larryqiu
    Email: [email protected]
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    Harald SCHEULE (Research Fellow)

    University of Technology, Sydney
    (Sept 2017; Dec 2014 - Jan 2015; Nov - Dec 2010 ; Jan 2009 ; Nov - Dec 2007)

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    Harald SCHEULE (Research Fellow)

    University of Technology, Sydney
    (Sept 2017; Dec 2014 - Jan 2015; Nov - Dec 2010 ; Jan 2009 ; Nov - Dec 2007)
    Research Topic:
    • 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
    Working Papers:
    • 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
    Personal website: http://www.uts.edu.au/staff/harald.scheule
    Email: [email protected]
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    Peter TILLMANN

    Justus–Liebig University Giessen
    (March 2024 - April 2024 ; January 2020 ; September - October 2017 ; September - October 2015 ; January - February 2014; February 2012 ; October 2011 ; September 2010 - October 2010)

    Peter Tillmann

    Peter TILLMANN

    Justus–Liebig University Giessen
    (March 2024 - April 2024 ; January 2020 ; September - October 2017 ; September - October 2015 ; January - February 2014; February 2012 ; October 2011 ; September 2010 - October 2010)

    Research Topic:

    • 2024: Monetary policy spillovers to Asia: Is this time different?
    • 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
    Working Papers:
    • 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
    Personal website: http://petertillmann.wordpress.com/
    Email: [email protected]
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    Eric van WINCOOP (Research Fellow)

    University of Virginia
    (Jun 2018; Jun 2017; Nov - Dec 2015 ; Nov - Dec 2012 ; May - June 2010; May - June 2009; May 2008; November - December 2006; August 2005)

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    Eric van WINCOOP (Research Fellow)

    University of Virginia
    (Jun 2018; Jun 2017; Nov - Dec 2015 ; Nov - Dec 2012 ; May - June 2010; May - June 2009; May 2008; November - December 2006; August 2005)
    Research Topic:
    • 2018: Evidence of a Global Capital Flows Cycle
    • 2017: Understanding the Co-movement between Capital Inflows and Capital Outflows
    • 2015: Slow Money: Implications for Capital Flows and Business Cycles
    • 2012: On the Global Nature of the Great Recession
    • 2010: Risk, Liquidity and Leverage in Macroeconomics
    • 2009: Gravity in International Finance
    • 2008: International Capital Flows under Dispersed Information
    • 2006: A Model of External Adjustment
    • 2005: Predictable Expectational Errors in Financial Markets
    Working Papers:
    • Global Drivers of Gross and Net Capital Flows
    • Gradual Portfolio Adjustment: Implications for Global Equity Portfolios and Returns
    • The Great Recession: A Self-Fulfilling Global Panic
    • Sudden Spikes in Global Risk
    • Self-Fulfilling Risk Panics
    • Gravity in International Finance
    • On the Unstable Relationship between Exchange Rates and Macroeconomic Fundamentals
    • Disconnect and Information Content of International Capital Flows: Evidence and Theory
    • International Capital Flows
    • Predictability in Financial Markets: What Do Survey Expectations Tell Us?
    Personal website: http://people.virginia.edu/~ev4n/
    Email: [email protected]
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    Sarah Qian WANG (Research Fellow)

    The University of Warwick
    (Apr - May 2015)

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    Sarah Qian WANG (Research Fellow)

    The University of Warwick
    (Apr - May 2015)
    Research Topic:
    • 2015: The Effect of Credit Default Swaps on Investment: Evidence from Asia
    Working Papers:
    • Credit Default Swaps, Exacting Creditors and Corporate Liquidity Management
    Email: [email protected]
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    Eric YOUNG (Research Fellow)

    University of Virginia
    (Jul - Aug 2015)

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    Eric YOUNG (Research Fellow)

    University of Virginia
    (Jul - Aug 2015)
    Research Topic:
    • 2015: The Causes and Cures of Financial Crises
    Working Papers:
    • A New Dilemma: Capital Controls and Monetary Policy in Sudden-Stop Economies
    Personal website: http://people.virginia.edu/~ey2d/
    Email: [email protected]
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    Changhua YU (Research Fellow)

    Peking University
    (August - September 2024; June 2018; June - July 2015)

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    Changhua YU (Research Fellow)

    Peking University
    (August - September 2024; June 2018; June - July 2015)
    Research Topic:
    • 2024: Financial Integration, Financial Crises and Monetary Policy
    • 2018: International Financial Networks and Monetary Spillovers
    • 2015: Monetary Policy, Financial Stability and Exchange Rate Dynamics
    Working Papers:
    • A New Dilemma: Capital Controls and Monetary Policy in Sudden-Stop Economies
    Personal website: http://changhuayu.weebly.com/
    Email: [email protected]
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    Susan Chun ZHU (Research Fellow)

    Michigan State University
    (Aug - Sept 2015)

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    Susan Chun ZHU (Research Fellow)

    Michigan State University
    (Aug - Sept 2015)
    Research Topic:
    • 2015: Firm-level Responses to External Shocks
    Personal website: https://www.msu.edu/~zhuc/
    Email: [email protected]