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Board of Governors of the Federal Reserve System
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TheEconomists

Photo of Dan Li
202-452-2626
dan.li@frb.gov
Education
  • Ph.D., Financial Economics, Carnegie Mellon University, 2007
  • M.Sc., Computer Science (Machine Learning), Carnegie Mellon University, 2007
  • M.Sc., Financial Economics, Norwegian School of Management, 2002
  • B.A., Accounting, Fudan University (China), 1999
  • Current Research Topics

  • Financial Intermediaries
  • Liquidity management of institutional investors
    • Section Chief

      Board of Governors of the Federal Reserve System

    • 2015 - present
    • Senior Economist

      Board of Governors of the Federal Reserve System

    • 2014 - 2015
    • Economist

      Board of Governors of the Federal Reserve System

    • 2007 - 2014
  • Li, Dan, Antonio Falato, and Tod Milbourn (Forthcoming). "Which Skills Matter in the Market for CEOs? Evidence from Pay for CEO Credentials," Management Science.
  • Li, Dan, and Norman Schurhoff (2014). "Dealer Networks," CEPR Discussion Papers 10237. C.E.P.R. Discussion Papers.
  • Li, Dan, and Norman Schu¨rhoff (2014). "Dealer Networks," Finance and Economics Discussion Series 2014-95. Board of Governors of the Federal Reserve System (U.S.).
  • Li, Dan (2013). "Railway Development and Military Conflicts in Prewar China," Eurasian Geography and Economics, vol. 54, no. 5-6, pp. 500-516.
  • Falato, Antonio, Dan Li, and Todd T. Milbourn (2012). "CEO Pay and the Market for CEOs," Finance and Economics Discussion Series 2012-39. Board of Governors of the Federal Reserve System (U.S.).
  • Li, Dan, and Geng Li (2014). "Are Household Investors Noise Traders: Evidence from Belief Dispersion and Stock Trading Volume," Finance and Economics Discussion Series 2014-35. Board of Governors of the Federal Reserve System (U.S.).
  • Cai, Fang, Song Han, and Dan Li (2012). "Institutional Herding in the Corporate Bond Market," International Finance Discussion Papers 1071. Board of Governors of the Federal Reserve System (U.S.).
  • Han, Song, and Dan Li (2010). "The Fragility of Discretionary Liquidity Provision: Lessons from the Collapse of the Auction Rate Securities Market," Finance and Economics Discussion Series 2010-50. Board of Governors of the Federal Reserve System (U.S.).
  • Li, Dan, Richard C. Green, and Norman Schurhoff (2010). "Price Discovery in Illiquid Markets: Do Financial Asset Prices Rise Faster than they Fall?" Journal of Finance, vol. 65, no. 5, pp. 1669-1702.
  • Li, Dan (2007). "New Findings in the Market Microstructure of Over-the-Counter Markets," Ph.D. dissertation, Carnegie Mellon University.

Awards

  • 2010

    Journal of Finance

    Smith Breeden Prize, Distinguished Paper

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Last update: December 7, 2015