• 2018: E‐Commerce Microcredit Lending and Firm Risk: Evidence from Loans to over 3 Million Entrepreneurs in China
• 2016: Information Flows from Syndicated Loan Market to Bond Market: Evidence from Institutional Trading

• Financial Flexibility and Corporate Cash Policy

• 2018: A Comparative Study of Government Cooling Measures and Their Impact to the Major Housing Markets in Asia

• 2018: Market Freeze

• 2018: Regulatory arbitrage, shadow banking and financial stability

• The unintended consequences of regulation: Evidence from China’s interbank market

• 2018: Relationship vs Transaction Lending: Evidence from China

• 2018: The Dynamics of Commodity Markets

• What Drives Commodity Price Booms and Busts?

• 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: State-dependent effects of macro-prudential and monetary policy
• 2013: Decomposing the Credit Cycle

• The Macroeconomic Effects of Macroprudential Policy
• Betting the House
• The Great Mortgaging: Housing Finance, Crises, and Business Cycles

• 2018: Does it Take a Convoy to get Inflation and Growth Back to Pre‐Crisis Levels?
• 2016: Boom-and-Bust Cycles in Emerging Markets: How Important is the Exchange Rate Channel?
• 2010: Institutional Frameworks, Regulatory Reforms, and Contagion Effects: Asian Stock Markets
• 2008: Revisiting the Shocking Aspects of Asian Monetary Union
• 2007: Fundamental Determinants of Emerging Market Bond Spread
• 2006: Exchange Rate Pressure in Asia: Application Based on a New Measure

• Boom-and-Bust Cycles in Emerging Markets: How Important is the Exchange Rate?
• Enter the Dragon: Interactions between Chinese, US and Asia-Pacific Equity Markets, 1995-2010
• Do Short Selling Restrictions Destabilize Stock Markets? Lessons from Taiwan
• Revisiting the Shocking Aspects of Asian Monetary Unification
• Determinants of Emerging Market Spreads: Domestic, Global Factors, and Volatility
• Is Sterilized Intervention Effective? New International Evidence

• 2018: Estimation of sectoral returns to capital and TFP growth in China

• 2018: What Explains Household Borrowing and Credit Constraints? Evidence from China

• 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

• 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?

• 2018: Dissecting the Segmentation of China’s Interbank and Exchange Repo Markets

• 2018: The Value of Property Rights: Evidence from China

• 2018: International Financial Networks and Monetary Spillovers
• 2015: Monetary Policy, Financial Stability and Exchange Rate Dynamics

• A New Dilemma: Capital Controls and Monetary Policy in Sudden-Stop Economies

• 2018: Is Renminbi a Safe-haven Currency