Research areas

• Financial Innovation and Development, Fintech
• Information Economics
• Banking
• The Chinese Economy

Biography

Dr. Xin Liu is an Associate Professor in Finance. Her research interests are centered on the implications of financial innovation and developments on capital markets and the economy, banking and information economics, and the Chinese economy. Dr Liu's work has been published in internationally top finance journals including the Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Management Science, and Journal of Financial Intermediation.  

Dr. Xin Liu earned her Ph.D. in Finance from the National University of Singapore. She also obtained master’s degrees in Physics and Applied Economics from the University of Minnesota, and a bachelor's degree in physics from the University of Science and Technology of China (USTC). Prior to her current appointment at the Australian National University, she worked as an investment professional at Temasek Holdings in Singapore and also visited the Chazen Institute of International Business at Columbia University.

CV

ORCID

Personal web

Grants

Best Paper Awards, CICF 2014

ANU College of Business and Economics Research School Grants

Publications

1. "One Fundamental and Two Taxes: When Does a Tobin Tax Reduce Financial Price Volatility?" with Yongheng Deng and Shang-Jin Wei, Journal of Financial Economics, 2018, 130, 663-692. (UTD 24, FT50, ABDC:A*)
2. "A Liberalization Spillover: From Equities to Loans" with Shang-Jin Wei and Yifan Zhou, 2024. Journal of Financial and Quantitative Analysis, 59, 395-433.(FT50, ABDC:A*)
3. “Regulatory Uncertainty and TARP”, with Yupeng Lin and Anand Srinivasan, 2025. Journal of Financial Stability 76, 101367. (ABDC:A, Impact factor:4.2)
4. “The Role of Credit Rating Purchases in S&P 500 Membership Decisions”, with Shang-Jin Wei and Kun Li, 2025. Management Science, Forthcoming (UTD 24, FT50, ABDC:A*)
5. “TARP from the Banks’ Perspective: Evidence from Conference Call”, with Jean Helwege, 2025. Journal of Financial Intermediation, Forthcoming (ABDC:A*, Impact factor: 3.7)
6. "A Hidden Cost of ETF Investing: Retail Demand Shocks and Limits to Arbitrage", with Terry Zhang and Yaodong Zhang, 2025. Journal of Banking and Finance, Forthcoming (ABDC:A*, Impact factor: 3.8)

Research engagement

RSFAS Finance PhD HDR Committee, 2018-2024

RSFAS Finance Seminar Covenor, 2018

RSFAS Academic Faculty Recruitment Committee

Teaching

FINM7007 Applied Corporate Finance

FINM8100 Applied Project in Finance