Xuewen Liu

University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics

Professor

Pokfulam Road

Hong Kong

China

http://web.hku.hk/~xuewenl/

SCHOLARLY PAPERS

17

DOWNLOADS
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SSRN RANKINGS

Top 10,013

in Total Papers Downloads

6,050

SSRN CITATIONS
Rank 7,611

SSRN RANKINGS

Top 7,611

in Total Papers Citations

95

CROSSREF CITATIONS

80

Scholarly Papers (17)

1.

A Model of China's State Capitalism

Number of pages: 76 Posted: 20 May 2012 Last Revised: 15 Aug 2015
Xi Li, Xuewen Liu and Yong Wang
University of Arkansas - Department of Finance, University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics and Hong Kong University of Science & Technology (HKUST)
Downloads 2,837 (5,570)
Citation 31

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State Capitalism, China Economy, Growth and Development, SOEs, Structural Change, International Trade, Sustainability

2.

The Creditor Channel of Liquidity Crises

Journal of Money, Credit, and Banking, Forthcoming
Number of pages: 53 Posted: 06 Apr 2009 Last Revised: 24 Sep 2018
Xuewen Liu and Antonio S. Mello
University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics and University of Wisconsin - Madison - Department of Finance, Investment and Banking
Downloads 660 (50,146)
Citation 4

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systemic crises, creditor runs, market liquidity, coordination risk, amplifications

3.

The Real Effects of Exchange-Traded Funds

Number of pages: 70 Posted: 24 Feb 2018 Last Revised: 26 Jan 2020
University of Warwick - Warwick Business School, Singapore Management University - Lee Kong Chian School of Business, University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics, University of California, Los Angeles (UCLA) - Finance Area and The Hong Kong Polytechnic University
Downloads 586 (58,587)
Citation 3

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ETFs, Real Efficiency, Informational Efficiency, Managerial Learning

4.

The Fragile Capital Structure of Hedge Funds and the Limits to Arbitrage

Journal of Financial Economics (JFE), Vol. 102, No. 3, 2011
Number of pages: 38 Posted: 30 Apr 2009 Last Revised: 02 Apr 2014
Xuewen Liu and Antonio S. Mello
University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics and University of Wisconsin - Madison - Department of Finance, Investment and Banking
Downloads 374 (100,392)
Citation 12

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Limits to arbitrage; Coordination risk; Fragile capital structure; Market liquidity

5.

Credit Expansion and Credit Misallocation

Journal of Monetary Economics, Vol. 94, 2018
Number of pages: 38 Posted: 18 Oct 2011 Last Revised: 11 Sep 2018
Alexander Bleck and Xuewen Liu
University of British Columbia - Sauder School of Business and University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics
Downloads 306 (125,187)
Citation 8

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Corporate liquidity; Collateral values; Asset specificity; Speculation

6.

Interbank Market Freezes and Creditor Runs

Review of Financial Studies, Vol. 29, No. 7, 2016
Number of pages: 63 Posted: 06 Jan 2014 Last Revised: 18 Sep 2016
Xuewen Liu
University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics
Downloads 214 (178,900)
Citation 1

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Interbank market, creditor runs, insolvency risk, illiquidity risk, global games, general equilibrium

7.

Short-Selling Attacks and Creditor Runs

Management Science, Vol. 61, No. 4, pp. 814-830, 2015.
Number of pages: 41 Posted: 09 Mar 2011 Last Revised: 25 May 2015
Xuewen Liu
University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics
Downloads 204 (187,019)
Citation 9

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Short-selling attacks, Creditor runs, Coordination, Information asymmetry, Feedback

Financial Markets, the Real Economy, and Self-Fulfilling Uncertainties

Journal of Finance, Forthcoming
Number of pages: 54 Posted: 07 Mar 2017 Last Revised: 16 Jan 2019
Jess Benhabib, Xuewen Liu and Pengfei Wang
New York University - Leonard N. Stern School of Business - Department of Economics, University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics and HKUST, Department of Economics
Downloads 188 (201,321)
Citation 2

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Information production, Strategic complementarity, Real economy, Two-way learning, Economic uncertainty

Financial Markets, the Real Economy, and Self-Fulfilling Uncertainties

NBER Working Paper No. w24984
Number of pages: 65 Posted: 17 Sep 2018 Last Revised: 08 Oct 2021
Jess Benhabib, Xuewen Liu and Pengfei Wang
New York University - Leonard N. Stern School of Business - Department of Economics, University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics and HKUST, Department of Economics
Downloads 9 (752,812)
Citation 12

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Sentiments, Financial Markets, and Macroeconomic Fluctuations

Journal of Financial Economics (JFE), Vol. 120, No. 2, 2016
Number of pages: 45 Posted: 09 Feb 2015 Last Revised: 18 Sep 2016
Jess Benhabib, Xuewen Liu and Pengfei Wang
New York University - Leonard N. Stern School of Business - Department of Economics, University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics and HKUST, Department of Economics
Downloads 126 (280,738)
Citation 4

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Sentiments, Asset Prices, Feedback, Real Economy, Self-fulfilling Equilibrium

Sentiments, Financial Markets, and Macroeconomic Fluctuations

NBER Working Paper No. w21294
Number of pages: 52 Posted: 22 Jun 2015 Last Revised: 08 Sep 2021
Jess Benhabib, Xuewen Liu and Pengfei Wang
New York University - Leonard N. Stern School of Business - Department of Economics, University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics and HKUST, Department of Economics
Downloads 22 (646,609)
Citation 2

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10.

Diversification and Systemic Bank Runs

Number of pages: 36 Posted: 18 Jul 2018 Last Revised: 26 May 2019
Xuewen Liu
University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics
Downloads 138 (260,880)
Citation 5

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Diversification, market liquidity, panic runs, systemic crises, coordination risk

11.

A Dynamic Model of Systemic Bank Runs

Number of pages: 42 Posted: 08 May 2019 Last Revised: 09 May 2019
Xuewen Liu
University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics
Downloads 109 (309,997)
Citation 1

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12.

Delayed Crises and Slow Recoveries

Number of pages: 65 Posted: 31 Mar 2020 Last Revised: 08 Jun 2020
Xuewen Liu, Pengfei Wang and Zhongchao Yang
University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics, HKUST, Department of Economics and Hong Kong University of Science & Technology (HKUST) - Department of Economics
Downloads 94 (341,748)

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13.

Market Liquidity and Creditor Runs: Feedback, Amplification, and Multiplicity

Number of pages: 22 Posted: 18 Jul 2018 Last Revised: 08 Aug 2018
Xuewen Liu
University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics
Downloads 87 (358,681)
Citation 1

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Global games, bank runs, strategic complementarities, equilibrium multiplicity, systemic crises

Self-Fulfilling Risk Panics: An Expected Utility Framework

NYU Stern School of Business Forthcoming
Number of pages: 26 Posted: 21 Jan 2021
Jess Benhabib, Xuewen Liu and Pengfei Wang
New York University - Leonard N. Stern School of Business - Department of Economics, University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics and HKUST, Department of Economics
Downloads 50 (486,453)

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Self-Fulfilling Risk Panics: An Expected Utility Framework

NBER Working Paper No. w28284, NYU Stern School of Business Forthcoming
Number of pages: 27 Posted: 28 Dec 2020 Last Revised: 14 Oct 2021
Jess Benhabib, Xuewen Liu and Pengfei Wang
New York University - Leonard N. Stern School of Business - Department of Economics, University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics and Peking University HSBC Business School
Downloads 2 (814,953)
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15.

Endogenous Information Acquisition and Countercyclical Uncertainty

Journal of Economic Theory, Vol. 165, 2016
Number of pages: 49 Posted: 19 Sep 2016
Jess Benhabib, Xuewen Liu and Pengfei Wang
New York University - Leonard N. Stern School of Business - Department of Economics, University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics and HKUST, Department of Economics
Downloads 38 (532,168)
Citation 1

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Information acquisition, Countercyclical uncertainty, Strategic complementarity and substitutability, Resource misallocation

16.

Market Transparency and the Accounting Regime

Journal of Accounting Research, Vol. 45, No. 2, pp. 229-256, May 2007
Number of pages: 28 Posted: 11 Dec 2007
Alexander Bleck and Xuewen Liu
University of British Columbia - Sauder School of Business and University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics
Downloads 6 (747,688)
Citation 13
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17.

The Capital Structure of Private Equity-Backed Firms

Posted: 06 May 2009 Last Revised: 18 Oct 2011
Xuewen Liu
University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics

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