Jie

李杰 (Jie Li)

（2016-8-12）

中央财经大学外汇储备研究中心主任

(Director of CUFE Research Center of Foreign Reserves)

中央财经大学副教授

(Associate Professor of Central University of Finance and Economics)

英文杂志JICEP副主编

(Deputy Editor of Journal of International Commerce, Economics and Policy)

电话 (Tel)： 86-10-62289258 (办公室, office) 传真(Fax)：86-10-62288779

电子邮件(Email)：Jieli.cn@gmail.com 办公室(Office)：中财学术会堂811(#811, Academic Hall, CUFE)

邮寄地址 (Mailing adress)：北京海淀区学院南路39号中财中国金融发展研究院 (#39 South Collge Road, Haidian, Beijing)，100081

个人主页(Personal Website)：http://lijie.yolasite.com

个人博客(Blog)：http://blog.sina.com.cn/lijiecn

教育背景 (Education)

经济学（国际金融方向）博士(Phd in Economics)，Claremont Graduate University，美国(US) 2006

数学硕士(MA in mathematics)，Claremont Graduate University，美国(US) 2003

世界经济硕士(MA in world economy)，厦门大学(Xiamen University) 2000

国际经济学学士(BA in international economics)，厦门大学(Xiamen University)1997

研究及教学兴趣(research and teaching interests)

国际货币与金融(International money and finance)、数理金融(Mathematical finance)、金融经济学(Financial economics)、中国经济(Chinese economy)

主持的基金项目(grants)

“中国外汇储备投资风险管理：基于条件风险价值（CVaR）的组合优化模型 ”，国家社会科学基金项目，项目批准号：11CJL037，2011
“外汇储备投资的主权性研究”，中国外汇管理局基金项目，2011
“留学归国博士留学基金”，教育部, 2009
“中国外汇储备风险管理研究”, 教育部基金青年项目, 项目批准号：07JC90005，2007
“中国外汇储备投资策略研究”, 中央财经大学121青年博士基金, 2007

所获荣誉及奖项(honors)

“最佳硕士论文指导教师奖”，中央财经大学，2013
“第三届中央财经大学-鸿基世业行业研究大赛优秀指导老师奖”，2012
“班主任工作科研成就单项奖”，中央财经大学，2011
“第二届中央财经大学-鸿基世业行业研究大赛优秀指导老师奖”，2011
“最佳硕士论文指导教师奖”，中央财经大学，2010
Champion of Claremont Badminton Tournament in Men’s Doubles 2005, 2006
Haynes Dissertation Grant, 2004
Phi Beta Kappa Award for Excellent International Scholars, 2004
Full Fellowship, Claremont Graduate University, 2001 - 2006
光华奖学金，厦门大学， 1998

工作经验(working experience)

主任(Director) 11/2007 – 至今中央财经大学外汇储备研究中心(CUFE Research Center of Foreign Reserves)

副主编（Deputy Editor）12/2011 - 至今Journal of International Commerce, Economics and Policy

助理教授、副教授(Assistant and associate professor) 09/2006 – 至今中央财经大学中国金融发展研究院 (CAFD, CUFE)

所授课程：（研究生）国际金融、衍生品定价、货币政策与中央银行、金融与商业数学、高级微观经济学（本科生）公司理财、中级宏观经济学、国际贸易、经济思想史等

讲师(Lecturer) 09/2004 – 05/2006

加州州立大学长滩分校(California State University, Long Beach)：经济系，管理经济学；加州州立大学波莫纳分校(Cal Poly, Pomona)：金融系，公司理财；加州拉尔文大学(University of La Verne)：数学系，代数

教学助理（Claremont Graduate University） 01/2003 – 12/2004 时间序列、高级宏观经济学、国际货币与金融

研究助理（Claremont Graduate University） 09/2001 – 05/2006

论文发表(publications)

学术杂志(Academic Journals):

"Exchange Rate Regimes and Real Exchange Rate Volatility: Does Inflation Targeting Help or Hurt?", with Alice Ouyang and Ramkishen Rajan, Japan and the World Economy, forthcoming, 2016.
“Real effective Exchange Rate and Regional Economic Growth: Evidence from China's Provincial Data”， with Guo Yan, Sheng Li and Yaqi Lin, China and World Economy, forthcoming, 2016.
“Drivers of Intraregional M&As within Developing Asia”, with Ramkishen Rajan and Rabin Hattari, Journal of the Asia Pacific Economy, Volume 21, Issue 1, 2016.
“Do Capital Controls Make Gross Equity Flows to Emerging Markets Less Volatile?”，with Ramkishen Rajan, Journal of International Money and Finance, Volume 59, Pages 220-244, December 2015.
“Income Inequality and Financial Reform in Asia: the Role of Human Capital”, with Han Yu, Applied Economics, 46(24), Pages 2920-2935, 05/2014.
“How Are the Determinants of Asia's Cross-border M&A Inflows Different from Outflows?”，with Ningxu Li, Asian Economic Papers, forthcoming, 2014.
“Too Big to Change: the Stabilizing Force of Reserve Currency Preferences in International Monetary System”, with Alice Ouyang, Emerging Market Finance and Trade, Volume 49, Number 5，Pages 120 - 133， 2013.
“The Effectiveness of Fiscal and Monetary Policy Responses to Twin Crises”, Applied Economics, Volume 45, Issue 27, Pages 3904 - 3913, 2013.
“The Sovereign Property of Foreign Reserve Investment in China: A CVaR Approach”,with Huaxia Huang, Xiao Xiao, Economic Modelling, Volume 29, Issue 5, Pages 1524–1536, September 2012.
“Comment on ‘Can Capital Account Liberalization Lessen Capital Volatility in a Country with Original Sin?’”，Asian Economic Papers, Vol. 11, No. 2 , Pages 26-28, Summer 2012.
“A Monetary Approach to the Exchange Market Pressure Index under Capital Control”, Applied Economics Letters, 19, Pages 1305–1309, 2012.
“Currency Crises: Can High Reserves Offset Vulnerable Fundamentals?”, with Alice Ouyang, Applied Economics, v. 43, Pages 2055–2069, 2011.
“FDI and Technology Transfer under Uncertainty in a Liberalizing Host Economy", with Ramkishen Rajan, International Economic Journal, Volume 23, Issue 1, 2009, Pages 23 – 41.
“Examining the Interactions of High Reserves and Weak Fundamentals”, Applied Economics Letters, Volume 14 Issue 8, Pages 617-621, 2007.
“Can High Reserves Offset Weak Fundamentals? A Simple Model of Precautionary Demand for Reserves”, with Ramkishen Rajan, Economia Internazionale (International Economics), Volume LIX, No. 3, Pages 317-328, 2006.
“外汇储备管理与实际汇率制度选择”，与陈婧、张礼卿合作，《中央财经大学学报》，2012年第5期，24-29页。
“中国外汇储备增长的乘数效应：一个简单的两国模型”，与寸无旷合作，《中央财经大学学报》，2011年第12期，23-29页。
“超额外汇储备的宏观风险对冲机制”, 与梅松合作, 《世界经济》,2008年第六期，27-38页。

专著

《中国外汇储备投资研究》, 企业管理出版社，2012年。

书本的章节

“What is the Impact of Capital Controls?”, with Ramkishen Rajan, Economic Management in a Volatile Environment: Monetary and Financial Issues, edited by Ramkishen Rajan and Sasidaran Gopalan, Palgrave-Macmillan, forthcoming.
“Regional Financial Cooperation in East Asia: Recent Developments and Prospects”, With Liqing Zhang, Conference Volume for Regional Financial and Regulatory Cooperationa Chinese – European Dialogue, edited by Martina Metzger, inWent Publishing, 2011.
“A Simple Model for “China Factor” in a Small Open Economy”, with Xiao Xiao and Lihua Tang, Asia and China in the Global Economy, edited by Y.W. Cheung, and Guonan Ma, World Scientific, 2011
“Can High Reserves Offset Weak Fundamentals?”, with Ramkishen Rajan, Exchange Rates, Currency Crises and Monetary Co-operation in Asia, edited by Ramkishen Rajan, Palgrave-McMillan, 2009, (reprint).
“Some Issues on China’s Foreign Reserves” with Jing Chen and Liqing Zhang, China's Financial Sector Development and Regulatory Reform: Challenges and Opportunities, edited by James Barth and John Tantom, Springer, 2009
“Examining India’s Foreign Reserve Holdings, Buffer Stock, Traditional or Financial Stability Models?”, with Hua Zhou, Wukuang Cun, and Ramkishen Rajan. Monetary, Trade and Investment Issues in India, edited by Ramkishen Rajan, Oxford University Press, 2008
“A New Framework for Analyzing Adequate and Excessive Reserve Levels under High Capital Mobility” with Ozan Sula and Thomas Willett, in Yin-Wong Cheung and Kar-Yiu Wong, eds. China and Asia, Routledge Studies in the Modern World Economy 76 (Routledge, 2008).
“Reserve Adequacy in Asia Revisited: New Benchmarks Based on the Size and Composition of Capital Flows”, co-authored with J. Kim, O. Sula, R. Rajan and T. Willett, Korean Institute of International Economic Policy Conference Proceedings, Monetary and Exchange Rate Arrangement in East Asia, Edited by Oh, Y, D. R. Yoon and T. Willett, 2005

非学术杂志:

“改革中国工会制度需慎行”, 《新财经》， 2010.12
“必须“警戒”的通胀”,与欧阳政合作，《新财经》, 2010.11
“提高最低工资标准是个劣招”, 《新财经》, 2010.8

报刊专栏:

“汇市“维稳”，央行不用慌”，《南方周末》，2015.10.22
“人民币预期管理：离岸汇率干预或更有效”，《FT中文网》，2015.9.16
“是谁逼走了‘中国的犹太人’”，《经济观察报》，2012.3.31
“外汇储备可以怎样花”，《经济观察报》，2011.8.20
“美债大戏的非常剧情”，《新闻晨报》，2011.8.9
“炒钱”，《南方周末》，2011.6.30
“央行与‘淡定哥’”，《南方周末》，2011.6.9
“经济波动中的国企与民企”，《南方周末》，2011.5.19
“让‘两桶油’亏损吧“，《南方周末》，2011.5.11
“汇率、通胀与剃头匠（下）”，《南方周末》，2011.5.5
“菜贱伤农，下一步，菜贵伤民”，《南方周末》，2011.4.28
“汇率、通胀与剃头匠（上）”，《南方周末》，2011.4.21
“利率与汇率自扫门前雪”，《南方周末》，2011.4.14
“联合利华涨价不成，都是汇率惹的祸”，《南方周末》，2011.4.7
“保障房隐忧”，《南方周末》，2011.3.24
“给房产政策排排队”, 《南方周末》2011.2.23
“两房”改革：赖皮的美国不会赖账”, 《南方周末》2011.2.17
“摇号买车：公平的轮盘？” 《南方周末》2011.1.27
“房产税：何不永不加赋？”《南方周末》2011.1.20
“控制通胀的上中下策” 《南方周末》2010.12.23
“怎一个限字了得” 《南方周末》2010.12.8
“请在高速时代减速” 《南方周末》2010.11.18
“诚信之殇”,《南方周末》, Oct. 7, 2010
“创新之殇”, 《南方周末》, Sept. 23, 2010
“评之评”, 《南方周末》, Sept. 9, 2010
“团结就是力量”, 《南方周末》, Aug. 26, 2010
“市场经济的葫芦与瓢”, 《南方周末》, Aug. 5, 2010
“两房退市，债券不死”, 《南方周末》, July, 29, 2010
“游资吟”, 《南方周末》,June 17, 2010
“关于‘分蛋糕’的种种计量”, 《南方周末》, June 10, 2010
“炒风何时休”, 《南方周末》, June, 3, 2010
“中投之惑”, 与辛羚溪合作, 《南方周末》, May, 27, 2010
“外汇储备投资不应与民争富”, 《南方周末》, April 1, 2010
“外汇储备投资须强调主权性”, 《南方周末》, Feb. 3, 2010
“兼并美利坚—谈中国企业在美国的兼并”, 《山行文化报》, no. 26. August 1, 2005
“欠钱的是老大—谈美国国债与中国储备问题”, 《山行文化报》, no. 24, July 1, 2005
“美国请客，中国买单--谈人民币汇率问题”, 《山行文化报》, no. 23. May 14, 2005
“中国经济的崛起—美中贸易逆差问题”, 《山行文化报》, no. 22. May 1, 2005

审稿杂志(Journals refereed)

Asian Economic Papers; China and World Economy; Emerging Markets Review; Economic Modelling; Journal of International Money and Finance; 中国社会科学；The World Economy; International Economics; Global Policy; Global Journal of Economics; Review of Development Economics; Journal of International Commerce, Economics and Policy; Applied Economics; Emerging Markets Trade and Finance; China Economics Quarterly; Annals of Finance and Economics; Macroeconomics and Finance in Emerging Market Economies

所组织的国际会议(organized internaitonal conferences)

Asia-Pacific Economic Association 4th Annual Conference, CUFE, Beijing, Dec. 15-16, 2008
A Session, “Research Frontiers about Foreign Reserves”, Proposed for the forthcoming Asia-Pacific Economic Association 6th Annual Conference, Hong Kong, July 8-9, 2010
A Session, “International Financial Issues”, at Pacific Rim Conference of Western Economic Association at Beijing, Jan. 12, 2007

学术讲座(seminars)

“Can Complete Monetary Sterilization Sterilize Completely?”，澳门大学, 台湾云林科技大学，厦门大学，2013年11月，12月
“Do Capital Controls Reduce the Volatility of Gross Capital Inflows and Outflows?: Evidences from Gross FDI and Equity Flows in Emerging Markets”,Claremont Graduate University, 中央财经大学、西南财经大学、上海财经大学，2012年12月
“Export Sophistication and Outward FDI”，北京大学，2012年6月
“Do Capital Controls Reduce the Volatility of Gross Capital Inflows and Outflows? Intended and Unintended Consequences”,清华大学, 2012年5月
“A Framework of China's Monetary Policy, Foreign Reserves and Inflation”，中央财经大学, 2012年3月
“A Simple Model for Currency Composition of Foreign Reserves”, 对外经贸大学, 2010年3月
“Hedging Mechanism for China’s Foreign Reserves Investment”, 浙江大学, 2008年3月
“China’s Foreign Reserves Issues”, Yonsei University, Seoul, Korea, Feb. 2007
“The Imprecision of the Precision Weights”, 中央财经大学， 2006年10月
“The Imprecision of the Precision Weights”, Milken Institute, Santa Monica, July, 2006
“Examining the Interactions between High Reserves and Weak Fundamentals in Currency Crises”, Lawrence University, Wisconsin, February, 2006

学术会议报告(conference presentations)

"Wealth Inequality and Housing: Evidence from China", ADBI Workshop on income inequality, Tokyo, July, 2016
"Why Can't Complete Monetary Sterilization Sterilize Completely", The Third Meeting of International Finance Group, Fudan University, Shanghai, July, 2016
"Exchange Rate, Labor Market Rigidity and Export", Chinese Economist Society (CES), HSBC School of PKU, Shenzhen, May, 2016
“我国产业集群政策与区域发展”，兼顾效率与公平的中国城镇化会议，上海交通大学，2013年11月
“How Are the Determinants of Asia's Cross-border M&A Inflows Different from Outflows?”，Asian Economic Panel, Keio University, Tokyo, Oct. 2013
“RMB Foreign Exchange Market Intervention and Export Competitiveness”，ASSA Annual Conference, San Diego, Jan, 2013
“Do Capital Controls Reduce the Volatility of Gross Capital Inflows and Outflows? Intended and Unintended Consequences”，8th Annual Conference of Asia-Pacific Economic Association, Singpapore, July, 2012
“Market Synchronization and Income Inequality”, 86th Annual Conference of Western Economics Association, San Diego, July, 2011.
“Have Reserve Currency Preferences Been a Source of International Monetary Stability or Instability”, Asia-Pacific Economic Association 6th Annual Conference, Hong Kong, July, 2010
“A Simple Model of Currency Composition of Foreign Reserves”, Asia-Pacific Economic Association 5th Annual Conference, Santa Cruz, June, 2009
“Seigniorage”, 84th Annual Conference of Western Economics Association, Vancouver, July, 2009.
“The Dual Self-Augmented Processes: Foreign Reserves in China and Asset Prices in US”, Western Economics Association 8th Biennial Pacific Rim Conference, Kyoto, Japan, Mar. 2009
“Optimal Foreign Reserve Holdings and the Greater Risks of Foreign Trade Dependence”, 83rd Annual Conference of Western Economic Association, Hawaii, July 2, 2008
“A New Framework for Analyzing Adequate and Excessive Reserve Levels under High Capital Mobility”, Pacific Rim Conference of Western Economic Association at Beijing, Jan. 12 , 2007.
“Foreign Ownership and Bank Performance: An Initial Assessment for Chinese Banking Industry”, Pacific Rim Conference of Western Economic Association at Beijing, Jan. 12 , 2007.
“A New Framework for Analyzing Adequate and Excessive Reserve Levels under High Capital Mobility”, 2nd Annual meeting of Asia Pacific Economic Association, Seattle, July 2006
“Reserve Adequacy in Asia Revisited – An Extension”, 74th Annual Meeting of Southern Economics Association, New Orleans, November, 2004
“Reserve Adequacy in Asia Revisited”, 79th Annual Conference of Western Economics Association, Vancouver, July, 2004
“Trends of Current Reserve Accumulation in Asia”, Claremont Workshop on “Reserve Accumulation and Exchange Rate Policies in Asia”, Claremont, November, 2003

媒体采访(Media interviews)

美国彭博社(Bloomberg)、英国路透社(Reuters)、美国《洛杉矶时报》(LA Times)、巴西《圣保罗报》、《南方周末》、《中国日报》、《环球时报》英文版、中央电视台、北京电视台、凤凰卫视、和讯网等

计算机语言

STATA, Matlab, Eviews, and SAS