Kairong Xiao

Columbia University - Columbia Business School

Assistant Professor

3022 Broadway

New York, NY 10027

United States

SCHOLARLY PAPERS

17

DOWNLOADS
Rank 4,813

SSRN RANKINGS

Top 4,813

in Total Papers Downloads

15,486

SSRN CITATIONS
Rank 3,057

SSRN RANKINGS

Top 3,057

in Total Papers Citations

519

CROSSREF CITATIONS

56

Scholarly Papers (17)

Bank Market Power and Monetary Policy Transmission: Evidence from a Structural Estimation

Number of pages: 90 Posted: 09 Oct 2017 Last Revised: 01 Jun 2020
Yifei Wang, Toni M. Whited, Yufeng Wu and Kairong Xiao
University of Michigan, Department of Finance, University of Michigan, Department of Economics, Ohio State University (OSU) and Columbia University - Columbia Business School
Downloads 2,450 (10,674)
Citation 40

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Monetary policy transmission, banking competition, regulatory constraints

Bank Market Power and Monetary Policy Transmission: Evidence from a Structural Estimation

NBER Working Paper No. w27258
Number of pages: 91 Posted: 02 Jun 2020 Last Revised: 25 Jun 2023
Yifei Wang, Toni M. Whited, Yufeng Wu and Kairong Xiao
University of Michigan, Department of Finance, University of Michigan, Department of Economics, Ohio State University (OSU) and Columbia University - Columbia Business School
Downloads 58 (672,288)

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2.

Mutual Fund Liquidity Transformation and Reverse Flight to Liquidity

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper, 2020
Number of pages: 66 Posted: 02 Jul 2020 Last Revised: 01 Apr 2021
Yiming Ma, Kairong Xiao and Yao Zeng
Columbia University - Columbia Business School, Columbia University - Columbia Business School and University of Pennsylvania - The Wharton School
Downloads 2,301 (12,080)
Citation 90

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Mutual fund, liquidity transformation, flight-to-liquidity, COVID-19

3.

Will Central Bank Digital Currency Disintermediate Banks?

Number of pages: 58 Posted: 19 May 2022 Last Revised: 13 Jun 2023
Toni M. Whited, Yufeng Wu and Kairong Xiao
University of Michigan, Department of Economics, Ohio State University (OSU) and Columbia University - Columbia Business School
Downloads 2,051 (14,517)
Citation 9

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central bank digital currency, banking competition, maturity mismatch, financial stability

Regulatory Costs of Being Public: Evidence from Bunching Estimation

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 93 Posted: 11 Feb 2021 Last Revised: 22 Dec 2023
Michael Ewens, Kairong Xiao and Ting Xu
Columbia Business School, Columbia University - Columbia Business School and University of Toronto, Rotman School of Management
Downloads 1,051 (38,902)

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costs of being public, bunching estimator, capital market regulation, disclosure, governance

Regulatory Costs of Being Public: Evidence from Bunching Estimation

NBER Working Paper No. w29143
Number of pages: 78 Posted: 16 Aug 2021 Last Revised: 17 Feb 2023
Michael Ewens, Kairong Xiao and Ting Xu
Columbia Business School, Columbia University - Columbia Business School and University of Toronto, Rotman School of Management
Downloads 28 (893,772)
Citation 2

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5.

Bank Debt, Mutual Fund Equity, and Swing Pricing in Liquidity Provision

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 74 Posted: 05 Dec 2019 Last Revised: 16 Dec 2022
Yiming Ma, Kairong Xiao and Yao Zeng
Columbia University - Columbia Business School, Columbia University - Columbia Business School and University of Pennsylvania - The Wharton School
Downloads 915 (47,998)
Citation 2

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Swing Pricing, Mutual Funds, Liquidity Provision, Flows, Runs

6.

Nonbank Fragility in Credit Markets: Evidence from a Two-Layer Asset Demand System

Number of pages: 65 Posted: 12 Dec 2022 Last Revised: 06 Jul 2023
Olivier Darmouni, Kerry Siani and Kairong Xiao
Columbia University - Columbia Business School, Finance, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Columbia University - Columbia Business School
Downloads 810 (56,743)

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Nonbanks, financial fragility, corporate bond markets, mutual fund flows, illiquidity, demand system asset pricing, unconventional monetary policy

Factions in Nondemocracies: Theory and Evidence from the Chinese Communist Party

Number of pages: 45 Posted: 14 Oct 2016 Last Revised: 19 May 2022
University of British Columbia (UBC) - Department of Economics, University of California, Berkeley - Haas School of Business and Columbia University - Columbia Business School
Downloads 721 (65,323)
Citation 1

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Political Factions, The Chinese Communist Party

Factions in Nondemocracies: Theory and Evidence from the Chinese Communist Party

NBER Working Paper No. w22775
Number of pages: 85 Posted: 31 Oct 2016 Last Revised: 26 Mar 2023
University of British Columbia (UBC) - Department of Economics, University of California, Berkeley - Haas School of Business and Columbia University - Columbia Business School
Downloads 74 (589,357)

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Factions in Nondemocracies: Theory and Evidence from the Chinese Communist Party

CEPR Discussion Paper No. DP15226
Number of pages: 63 Posted: 12 Sep 2020
University of British Columbia (UBC) - Department of Economics, University of California, Berkeley - Haas School of Business and Columbia University - Columbia Business School
Downloads 0
Citation 10
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China, Chinese Communist Party, Factions, political economy, Single Party Regime

8.

The Value of Big Data in a Pandemic

Number of pages: 43 Posted: 24 Apr 2020 Last Revised: 12 May 2022
Kairong Xiao
Columbia University - Columbia Business School
Downloads 733 (64,964)
Citation 7

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Big data, informational friction, COVID-19, lockdown

9.

Unintended Consequences of Post-Crisis Liquidity Regulation

Number of pages: 60 Posted: 18 Jun 2019 Last Revised: 20 Jan 2023
Suresh M. Sundaresan and Kairong Xiao
Columbia University - Columbia Business School, Finance and Columbia University - Columbia Business School
Downloads 703 (68,401)
Citation 4

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liquidity regulation, regulatory arbitrage, regulatory design

10.

Fuzzy Bunching

Number of pages: 50 Posted: 19 Jun 2020 Last Revised: 06 Feb 2023
Adrien Alvero and Kairong Xiao
Columbia University and Columbia University - Columbia Business School
Downloads 668 (73,080)

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bunching estimation, data noise, measurement error, small sample

11.
Downloads 659 (74,352)
Citation 39

Monetary Policy and Reaching for Income

Journal of Finance, Forthcoming
Number of pages: 59 Posted: 16 Aug 2018 Last Revised: 17 Aug 2020
Kent D. Daniel, Lorenzo Garlappi and Kairong Xiao
Columbia University - Columbia Business School, Finance, University of British Columbia (UBC) - Sauder School of Business and Columbia University - Columbia Business School
Downloads 627 (78,154)

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reaching for income, monetary policy

Monetary Policy and Reaching for Income

NBER Working Paper No. w25344
Number of pages: 67 Posted: 11 Dec 2018 Last Revised: 02 Apr 2023
Kent D. Daniel, Lorenzo Garlappi and Kairong Xiao
Columbia University - Columbia Business School, Finance, University of British Columbia (UBC) - Sauder School of Business and Columbia University - Columbia Business School
Downloads 32 (858,033)
Citation 4

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12.
Downloads 618 (80,621)
Citation 77

Monetary Transmission through Shadow Banks

Number of pages: 57 Posted: 21 Apr 2018
Kairong Xiao
Columbia University - Columbia Business School
Downloads 412 (130,710)
Citation 10

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Monetary Policy, Shadow Banks, Deposit Competition

Monetary Transmission through Shadow Banks

Xiao, Kairong. "Monetary transmission through shadow banks." The Review of Financial Studies 33, no. 6 (2020): 2379-2420.
Number of pages: 58 Posted: 01 Apr 2019 Last Revised: 14 Aug 2020
Kairong Xiao
Columbia University - Columbia Business School
Downloads 206 (269,210)
Citation 14

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Monetary policy, shadow banks

13.

The Shadow Cost of Collateral

Number of pages: 102 Posted: 06 Jan 2022 Last Revised: 12 Dec 2023
Guangqian Pan, Zheyao Pan and Kairong Xiao
The University of Sydney, Macquarie University and Columbia University - Columbia Business School
Downloads 562 (90,859)
Citation 1

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Collateral, Secured and Unsecured Debt, Bunching estimation, Small business lending, Government lending program

14.

Liquidity Regulation and Banks: Theory and Evidence

Columbia Business School Research Paper Forthcoming
Number of pages: 92 Posted: 30 Jan 2022 Last Revised: 02 Feb 2023
Suresh M. Sundaresan and Kairong Xiao
Columbia University - Columbia Business School, Finance and Columbia University - Columbia Business School
Downloads 486 (108,704)
Citation 4

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liquidity regulation, regulatory design

Watch What They Do, Not What They Say: Estimating Regulatory Costs from Revealed Preferences

Number of pages: 85 Posted: 24 Jan 2021 Last Revised: 25 Jan 2022
Adrien Alvero, Sakai Ando and Kairong Xiao
Columbia University, International Monetary Fund (IMF) and Columbia University - Columbia Business School
Downloads 392 (138,358)

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bank regulation, regulatory costs, the Dodd-Frank Act, bunching

16.
Downloads 206 (269,995)
Citation 39

Regulation and Market Liquidity

Number of pages: 72 Posted: 07 Nov 2015 Last Revised: 21 Nov 2015
Francesco Trebbi and Kairong Xiao
University of California, Berkeley - Haas School of Business and Columbia University - Columbia Business School
Downloads 160 (337,711)
Citation 2

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Liquidity, Dodd-Frank Act of 2010, Volcker Rule

Regulation and Market Liquidity

NBER Working Paper No. w21739
Number of pages: 73 Posted: 23 Nov 2015 Last Revised: 27 May 2023
Francesco Trebbi and Kairong Xiao
University of California, Berkeley - Haas School of Business and Columbia University - Columbia Business School
Downloads 46 (748,698)
Citation 23

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17.

Why does Monetary Policy Generate Excessive Asset Price Movements? The Role of Inelastic Markets

Posted: 10 Jan 2023 Last Revised: 19 Jan 2023
Kairong Xiao
Columbia University - Columbia Business School

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Inelastic markets, monetary policy, asset prices