Meet the Researchers
Yi Li
[email protected]
Education
- Ph.D., Economics, Princeton University, 2014
- B.A., Economics, Peking University, 2007
- B.S., Mathematics, Peking University, 2007
- Institutional Investor Behaviors
- Lending Relationships
Principal Economist
Board of Governors of the Federal Reserve System
2019 - presentSenior Economist
Board of Governors of the Federal Reserve System
2016 - 2019Economist
Board of Governors of the Federal Reserve System
2013 - 2016
- Dealer Intermediation in the Primary Market of Commercial Paper
Max Gross, Yi Li, and Ashley Wang
FEDS Notes (2022)
https://doi.org/10.17016/2380-7172.3213 - Does Mutual Fund Illiquidity Introduce Fragility into Asset Prices? Evidence from the Corporate Bond Market
Hao Jiang, Yi Li, Zheng Sun, and Ashley Wang
Journal of Financial Economics (2022)
https://doi.org/10.1016/j.jfineco.2021.05.022 - Liquidity Restrictions, Runs, and Central Bank Interventions: Evidence from Money Market Funds
Lei Li, Yi Li, Marco Macchiavelli, and Xing (Alex) Zhou
Review of Financial Studies (2021)
https://doi.org/10.1093/rfs/hhab065 - Reciprocal Lending Relationships in Shadow Banking
Yi Li
Journal of Financial Economics (2021)
https://doi.org/10.1016/j.jfineco.2021.04.004 - Institutional Herding and Its Price Impact: Evidence from the Corporate Bond Market
Fang Cai, Song Han, Dan Li, and Yi Li
Journal of Financial Economics (2019)
https://doi.org/10.1016/j.jfineco.2018.07.012
See also » FRB Working Paper (2016) - Essays on Institutional Investors
Yi Li
Dissertations (Princeton University) (2014)
seminar
2019Tsinghua University; Peking University
Reciprocal Lending Relationships in Shadow Banking
conference
2019Federal Reserve System Day-Ahead Conference at Atlanta
Reciprocal Lending Relationships in Shadow Banking
seminar
2018Shanghai Jiao Tong University; Shanghai Advanced Institute of Finance (SAIF); The Johns Hopkins Carey Business School
Reciprocal Lending Relationships in Shadow Banking
conference
2018BAFFI CAREFIN Banking Conference at Bocconi; Federal Reserve System Banking Conference; OFR-FRBC Financial Stability Conference
Reciprocal Lending Relationships in Shadow Banking
conference
2018Columbia/TCH Conference on Optimal Bank Liquidity Regulation; MFA; Northeastern University Finance Conference; SFS Cavalcade at Yale University
Reciprocal Lending Relationships in Shadow Banking
conference
2017AFA at Chicago; Federal Reserve System Day-Ahead Conference at Chicago
Institutional Herding and Its Price Impact: Evidence from the Corporate Bond Market
seminar
2017Securities and Exchange Commission (SEC)
Institutional Herding and Its Price Impact: Evidence from the Corporate Bond Market
conference
20166th Risk Management Conference at Mont Tremblant; the 2016 Financial market Liquidity Conference; MFA at Atlanta
Institutional Herding and Its Price Impact: Evidence from the Corporate Bond Market
seminar
2016Johns Hopkins University; the Financial Stability Board (FSB); the Office of Financial Research (OFR)
Institutional Herding and Its Price Impact: Evidence from the Corporate Bond Market
seminar
2015Tsinghua University; Federal Reserve Board
Institutional Herding and Its Price Impact: Evidence from the Corporate Bond Market
conference
2014China International Conference in Finance (CICF)
Reputation, Volatility and Performance Persistence of Private Equity
seminar
2013Chinese University of Hong Kong; City University of Hong Kong; Federal Reserve Board; Nanyang Technological University; University of Warwick
Reputation, Volatility and Performance Persistence of Private Equity
Awards
- 2021
Western Finance Association (WFA)
Two Sigma Award for Best Paper on Investment Management
Conference Organization
April 30, 2021 | Virtual
the 4th Fed-Maryland Short-Term Funding Markets Conference
Co-organizer
September 25, 2020 | Virtual
the 3rd Fed-Maryland Short-Term Funding Markets Conference
Co-organizer
March 29, 2019 | Washington, DC
the 2nd Fed-Maryland-Delaware Short-Term Funding Markets Conference
Co-organizer