Press
Liquidity and Payment System
The Secret to the Dollar’s Success? Nope, It’s Not Tra
In the wake of Russia’s invasion of Ukraine last March, the United State
Historical lessons on the real effects of unstable stabl
Innovations in private money creation, such as stablecoins, can b
Cryptocurrency Crashes Recall the Wild Days of free
Chenzi Xu feels like she’s watching history repeat itself. The cryptocurr
The Dirty Little Secret of Credit Card Rewards Progra
Ms. Xu is a finance professor at the Stanford Graduate School of Busine
Role of Trade Finance
138. Trade and the worst financial crisis of the centur
Chenzi Xu (Stanford University) joins to explain how London’s central role
As the Commonwealth stands at a crossroads, India
I show that a disruption to the financial sector can reshape the pa
Why is supply-chain finance, as practised by Greensill Ca
ON PAPER, suppl-chain nance seems like a neat solution to a perennial pr
Reshaping Global Trade: The Immediate and the Long-Te
In most trade frameworks, transient shocks like financial crises can only
“The Immediate and Long-Term Effects of Bank Fa
An interview with Chenzi Xu on the effects of bank failures.
What a 19th-Century Bank Crash Can Teach Us Today
Sitting six levels underground, Chenzi Xu started to question her lif
The Real Effects of Trade Financing by Export Credit
Trade finance subsidies, usually provided by export credit agencies
When the Export-Import Bank Closed Up, U.S. Co
In recent years, export credit agencies have become a focal poin
Financial development
The real effects of banking the poor: Evidence from Bra
Access to finance is a crucial component of economic developm
Impact of access to banks on development: Evidence f
A financial development programme showed strong positive effects from
Capital market integration can reduce misallocation: E
The misallocation of inputs, and in particular capital, may explain the la
US manufacturing firms, R&D and resilience to import com
The rise of China has been identified as a major source of disruption for
How innovation protects manufacturers against che
The rise of China, triggered by its transition to a market-oriented eco
Ever since Deng Xiaoping’s call for the Chinese to adopt market econo
Should low-income countries open up to foreig
In 2001 and 2006, India introduced the automatic approval of foreign d
EXIM’s Exit: The Real Effects of Trade Financing by Expor
We study the role of Export Credit Agencies—the predominant tool of