(Tony) Wei Li
Phone: (+86) 188-1087-3153
Email: tony_wei_li@buaa.edu.cn
Website: http:/szdw/jrx/lw/jbxx.htm
ACADEMIC POSITION
Assistant Professor, School of Economics and Management, Beihang University, Oct. 2017-present
EDUCATION
Ph.D. Economics, University of Maryland at College Park, August 2017
M.A. Economics, University of Maryland at College Park, May 2016
B.A. Economics, School of Economics and Management, Tsinghua University, July 2010
FIELDS OF SPECIALIZATION
Primary: International Finance, Macroeconomics Secondary: Corporate Finance
DISSERTATION
Essays on Financial Reforms and Firm Performance in Emerging Markets
Committee: Prof. Sebnem Kalemli-Ozcan (Chair), Prof. Ethan Kaplan, Prof. John Shea.
PUBLICATIONS
1.范洋, 李伟. 对我国当前外汇收支的分析及展望 [J]. 国际金融，2018 (11).
2.范洋, 李伟. 2018年我国国际收支形势分析与2019年展望 [J]. 中国物价, 2019 (2)
3.王子奇, 王芝清, 李伟*. 动态随机一般均衡理论的争议与回应——兼评国内学者的贡献[J]. 经济评论, 2024 (1)
4.(Tony) Wei Li, Lina Shi*. Donation, political connection and credit access: The case of Chinese small and medium enterprises [J]. Finance Research Letters, Volume 46, Part A, 2022, 102269. (SSCI, JCR Q1)
5.Kaixuan Hao, Liyan Han, and (Tony) Wei Li*. The impact of China's currency swap lines on bilateral trade [J]. International Review of Economics and Finance, Volume 81, 2022, Pages 173-183. (SSCI, JCR Q1)
6.Shangmei Zhao, Huibo Wang, and (Tony) Wei Li*. Allocation of Credit Resources and “Borrow to Lend” Activities: Evidence from Chinese-Listed Companies [J]. Frontiers in Psychology, Volume 13, March 2022. (SSCI, JCR Q2)
7.(Tony) Wei Li. Cyclical Behavior of Fiscal Policy: Historical Overview in Emerging Economies. SAGE Cases, 2022
8.Wei Li, Xin Wang*, and Haofei Zhang. The role of distance and financial development: Evidence from international financial markets [J]. International Review of Financial Analysis, March 2024: 103108. (SSCI, JCR Q1)
9.Wei Li, Huihui Cheng, Junhe He, Yufei Song, and Hui Bu*. The Impacts of Green Credit Policy on Green Innovation of High-Polluting Enterprises in China [J]. Finance Research Letters, April 2024: 105167. (SSCI, JCR Q1)
10.Yun He, Wei Li*, Xiaofen Tan, and Yufan Wang. The time-varying interaction of northbound capital flows and stock market performance in China [J]. Finance Research Letters, 2024. (SSCI, JCR Q1)
11.Wei Ma, Renzhong Zhang, Liyan Han, and Wei Li*. Divergent Relationships between Exchange Rate Pass-through and Policy Rates across Economies: An Extension of the Taylor Rule [J]. Finance Research Letters, 2024. (SSCI, JCR Q1)
12.Ying Hou, Wei Li*, Dexiang Wu, Ying Zang, and Long Quach. The spillover effect of US monetary policy on the international financial market: Evidence from network analysis[J]. Journal of Management Science and Engineering, 2024. (SSCI, JCR Q1)
13.Wei Li, and Dexiang Wu*. Sustainability through business model innovation and climate finance in developing countries[J]. Humanities and Social Sciences Communications, 2025, 12(1): 1-8.
Note: Author labelled with * is the corresponding author.
Google Scholar Link: https://scholar.google.com/citations?user=ORDMNjkAAAAJ
WORKING PAPERS AND CONFERENCE PAPERS
Completed working papers:
Xingshen Li, Kexin Jiang*, Wei Li, Xiaofen Tan. Population aging and corporate leverage.
Yingxin Du, Wei Li*, and Xin Wang. The Impact of Foreign Bank Deregulation on Firm Performance: Evidence from China. Presented at 2018 Finance Forum in Spanish Finance Association (Santander, Spain, 2018.07).
Xin Wang, Yingxin Du, and Wei Li*. Firm Dynamics with Foreign Currency Borrowing: Evidence from Small and Medium-sized Enterprises in Emerging Europe.
Yingxin Du, Wei Li, Shizhu Lu, and Xin Wang. City-Level Climate Policy and Low-Carbon Transformation of Iron and Steel Enterprises: Evidence from China.
Tao Bing, Dongfeng Chang*, Wei Li, and Xin Wang. Limited Attention and Strategic Informed Trading in Limit Order Markets.
Work in progress:
“Zombie Firm Dynamics and Monetary Policy in China”, with Wei Guo (HKIMR) and Calvin Dun Jia (Peking University). Presented at Tsinghua Workshop in Macroeconomics, Beijing, 2019.06; China Finance Research Conference (CFRC) 2019, Beijing, 2019.07.
“Interest Rate Liberalization on Credit Allocation: Theory and Evidence in China”, with Ming Feng (Chinese Academy of Social Sciences) and Xin Wang (Shandong University). Working paper.
“Uzbekistan Trade Outcome Assessment and Foreign Exchange Controls,” World Bank Trade and Competitiveness Country Report, with Jieun Choi (World Bank)
RESEARCH PROJECTS （科研课题）
As Project Leader （项目负责人）
基于知识图谱的金融系统风险感知与防范研究。中国科学院，横向课题
As Project Participant （项目参与人）
广饶县地方政府债务测算及风险预警研究。广饶县财政局，横向课题。
国家自然科学基金委员会, 应急管理项目,71850007, 汇率市场变化、跨境资本流动与金融风险防范, 2019-2021, 项目参与人。
国家自然科学基金委员会, 重点项目, 72033001，公共债务周期模型、债务风险分析与控制措施研究, 2021-01 至 2025-12, 项目参与人。
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WORKING EXPERIENCE （工作经历） Under F-1 Curricular Practical Training (CPT)
The World Bank Group Washington, DC, USA
Short Term Consultant, Trade and Competitiveness Global Practice Unit May 2016 – August 2017
conducted studies of trade competitiveness and firm-level productivity analysis in Europe Union
applied the World Bank’s trade competitiveness toolkit to Uzbekistan with COMTRADE and customs data, and analyze firm performance in selected sectors using SAS and Stata
The World Bank Group Washington, DC, USA
Research Consultant (part-time), Global Financial Markets Unit October 2015 – January 2016
constructed database on loan maturity profile using bank balance sheets data
studied the determinants of long-term vs. short-term bank credit across countries
documented long-term loans to enterprises in the emerging markets were growing substantially faster than in the rest of the world during the pre-crisis years
International Finance Corporation, the World Bank Group Washington, DC, USA
PhD Intern (part-time), Treasury Department January 2014 - August 2015
Liquid Asset Management Unit, and Emerging Markets (EM) Corporate Bonds Investment Team
identified potential investments in government and corporate bonds in the China onshore interbank bond market, and participated in creating new credit analysis process for local currency quasi-sovereign corporate debt issuers
assisted principal portfolio officer create and manage $2 billion equivalent EM Corporate Debt program in local currency investing in Brazil, Colombia, China, India, Korea, Malaysia, Mexico
estimated the vulnerabilities of firms with foreign currency debt to currency depreciation risks
wrote integrity due diligence (IDD) reports to ensure invested companies are financially and commercially sound, and environmentally and socially sustainable
International Finance Corporation, the World Bank Group Washington, DC, USA
Short Term Consultant, Quantitative Analysis and Modelling Team, Treasury Department August 2013
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TEACHING EXPERIENCE
Instructor, Advanced Macroeconomics I (PhD-level), Beihang University, 2018-2024
Instructor, Macroeconomics (Undergrad), Beihang University, 2020-2025
Instructor, International Economics (Undergrad, Master-level), Beihang University, 2018-2022
Instructor, Intermediate Microeconomics, University of Maryland, Summer 2013, 2014 and 2016
Instructor, Development Economics, University of Maryland, Summer 2012 and Spring 2012
Teaching Assistant, Microeconomics Principles, University of Maryland, Fall 2011
GRANTS AND AWARDS (获奖情况)
bat365中文官网入口人文社科青年骨干项目2022
bat365中文官网入口 校级“优秀班主任”，2022
bat365中文官网入口 北航学院“优秀班主任”，2018-2019学年
bat365中文官网入口 校级“教学优秀奖”二等奖，2019-2020学年
2018年生产实习优秀指导教师一等奖
第一届香樟宏观经济学论坛优秀论文 2021.07
2019年岭南宏观经济研讨会优秀论文
International Finance Corporation (Treasury) Research Fellowship, Spring 2014 - Summer 2015
Graduate Assistantship, University of Maryland, Fall 2011 – Fall 2013, Spring 2016
Invited Participant, Macro, Money and Finance Initiative, Princeton University, October 2012
Graduate School Fellowship, University of Maryland, 2010-2011
LANGUAGES
Mandarin Chinese (native), English (professional), French (preliminary)
CONFERENCE AND SEMINAR PRESENTATIONS
2024: Shanxi University of Finance and Economics; Shandong University
2023: Guangdong University of Finance and Economics; Huaqiao University (Quanzhou)
2021: Southwestern University of Finance and Economics; Xihua University (Chengdu)
2020: Capital University of Economics and Business
2019: Asian Meeting of Econometric Society (AMES, Xiamen); China Finance Research Conference (CFRC, Beijing), Shandong University, Lingnan Macro Meetings (Guangzhou)
2018: Henan University; China Meeting of Econometric Society (CMES, Shanghai); 26th Finance Forum by Spanish Finance Association (Santander, Spain).
2017: University of International Business and Economics; Jinan University; Lingnan Macro Meetings (Guangzhou); Analysis Group (Boston); IMF (presented by coauthor).
2016: DC Area International Finance Workshop, George Washington University; World Bank Group.
2012: Macro, Money and Finance Initiative, Princeton University.
Note: Presentation at International Conference (in Bold)
OTHER ACADEMIC RELATED POSITIONS
Referee for Economic Modelling (SSCI Journal in Economics), International Review of Economics and Finance (SSCI Journal in Economics, JCR Q1), Journal of Economics and Technology, International Journal of Finance and Banking Research, Economics Analysis and Policy
