Education 

⚫ Ph.D. Economics, Nankai University, 2013.

Dissertation topic: Stock-flow-consistent model in open economy

⚫ M.A. Economics, Nankai University, 2009.

⚫ B.S. Economics, Nankaist University, 2007.

Employment

⚫     National Institution for Finance & Development, Senior Researcher, June, 2017-present.

⚫ Yunneng Funds, Portfolio Manager, July, 2015-June, 2017.

⚫ Beijing Normal University & Bosera Funds, Post-Doctoral Researcher, July, 2013 to June 2015.

Working Papers

⚫ China’s National Balance Sheet 2018, with Li Yang & Zhang Xiaojing, forthcoming.

⚫ Macro-Financial Network Analysis: Based on China’s National Balance Sheets, with Zhang Xiaojing, NIFD Working Paper.

⚫ Credit, Leverage Ratio and Output Growth: 150 Years, with Zhang Xiaojing & Li Cheng, NIFD Working Paper.

⚫ The Macro Leverage Ratio and Structural Deleveraging in China, with Zhang Xiaojing, NIFD Working Paper.

Selected Journal Papers in Chinese

⚫ Zhang Xiaojing, Chang Xin & Liu Lei, “Structural Deleveraging: Progress, Logic and Prospect”, Economic Perspectives, Vol. 5, 2018.

⚫ Zhang Xiaojing & Liu Lei, “Difficulties and Foucuses on Natural Resources Balance Sheet in the New Era”, Urban and Environmental Studies, Vol.1, 2018.

⚫ Liu Lei & Wang Yu, “Household Leverage and Financial Stability”, China Opening Journal, Vol. 1, 2018.

⚫ Liu Lei, “Analysis on Central Bank’s Balance Sheet”, China Finance, Vol. 22, 2017.

⚫ Zhang Xiaojing & Liu Lei, “Financial Stability under the Perspective of National Balance Sheet”, Economic Perspectives, Vol. 8, 2017.

⚫ Liu Lei, Lv Yuanxiang & Wang Yu, “Give or Receive: Spillovers across Chinese Financial Markets”, Modern Finance and Economics, Vol. 2, 2015.

⚫ Liu Lei & Wang Yu, “Spillover Effect in Chinese Stock Market”, Technology Economics, Vol. 2, 2015.

⚫ Lv Yuanxiang & Liu Lei, “On Deleveraging and Redundant Production Capacity”, China Opening Journal, Vol. 6, 2014.

⚫ Liu Lei, “Financial Contagion and Supersensitive: Evidence from China-Backed Stocks Dual-Listed in Hong Kong and New York”, China Price, Vol. 7, 2013.

⚫ Liu Lei, Contagion Effect to Chinese Financial Market and Macroeconomy from Global Financial Crisis, Modern Management Science, Vol. 6, 2013.

⚫ Liu Xin, Liu Lei & Lv Yuanxiang, “A Comparative Study of the Benchmark Interest Rate of Money Market in China”, Economist, Vol. 5, 2013.

⚫ Zhang Ning & Liu Lei, “The Problem and Solutions to Chinese Rural Finance”, Inquiry into Economic Issues, Vol. 2, 2008.

⚫ Liu Lei & Lu Guangli, “On Multiple Choices for Land System in China, from Angle of Property Rights”, China Opening Journal, Vol. 2, 2007. Collected in

<Reform in Chinese Rural Land System>(ed. Cai Jiming, Kuang Mei), China Financial and Economics Publishing House, 2009.

⚫ Liu Lei, “The Trend Analysis of China involved in Regional Economics and Trade Cooperation in East Asia”. Economic Review, Vol. 11, 2006.

⚫ Liu Lei. ‘Reexamination on Cambridge Capital Argument-Study of Marxism Classic General Equilibrium Theory’. West Forum, Vol. 5, 2006.

⚫ Lu Guangli, Liu Lei. ‘The Problem and Reform which Rural Land in China Holds in Common but Retain for the Private Use’. Journal of Guangxi Economics Management Cader College. Vol. 4, 2006.

⚫ Liu Lei. ‘The Analysis of Non-Performing Asset in Chinese Commercial Banks’. Yunnan Finance & Economics University Journal of Economics & Management. Vol. 3, 2006.