Biography

Professor Xiong received his Ph.D in Finance from Duke University in 2001. Prior to that, he earned Bachelor's degree from the University of Science and Technology of China and Master's degree from Columbia University, both in Physics. He is the Trumbull-Adams Professor of Finance and Professor of Economics in the Department of Economics and Bendheim Center for Finance, Princeton University. He is also Academic Dean of School of Management and Economics, Chinese University of Hong Kong, Shenzhen.


Professor Xiong is one of the world's most influential scholars in the area of finance. He has published in top economics and finance journals on a wide range of research topics, such as speculative bubbles, financial crises, behavioral finance, financialization of commodity markets, China’s financial markets, and data economy. He has received multiple prestigious awards, including the 2012 Smith Breeden Award (first prize) from the American Finance Association, the 2013 NASDAQ OMX Award from the Western Finance Association, and the inaugural Sun Yefang Financial Innovation Award in 2014 and the China Economics Prize in 2018. He has currently served as Co-Editor of The Journal of Finance, the flagship journal of American Finance Association, since 2016.


Publications

1. "China’s Model of Managing the Financial System",Markus K. Brunnermeier, Michael Sockin, Wei Xiong,,Forthcoming

2. "Learning about the Neighborhood",Zhenyu Gao, Michael Sockin, Wei Xiong,,Forthcoming

3. "The Whack-A-Mole Game: Tobin Taxes and Trading Frenzy",Jinghan Cai, Jibao He, Wenxi Jiang, Wei Xiong,,Forthcoming

4. "Economic Consequences of Housing Speculation",Zhenyu Gao, Michael Sockin, and Wei Xiong,,Forthcoming

5. "Banking Crises without Panics",Matthew Baron, Emil Verner, and Wei Xiong,,Volume 136, Issue 1, February 2021, Pages 51–113

6. "Daily Price Limits and Destructive Market Behavior",Chen, T., Gao, Z., He, J., Jiang, W., and Xiong, W.(2018),,2019

7. "Credit Expansion and Neglected Crash Risk",Baron, M., Xiong, W. (2017),,132, 713-764

8. "Market Segmentation and Differential Reactions of Local and Foreign Investors to Analyst Recommendations",Jia, C., Wang, Y., Xiong, W. (2017),,30, 2972-3008

9. "China's Gradualistic Economic Approach and Financial Markets",Wei XIONG, Markus Brunnermeier and Michael Sockin,,2017

10. “Informational Frictions and Commodity Markets”,with Michael Sockin,,2015

11. “Demystifying the Chinese Housing Boom”,Wei XIONG, Hanming Fang, Quanlin Gu and Li-An Zhou,,Vol. 30, pp 105-166, 2015

12. "Convective Risk Flows in Commodity Futures Markets",Ing-haw Cheng, Andrei Kirilenko, and Wei Xiong,,2015

13. “A Welfare Criterion for Models with Distorted Beliefs”,with Markus Brunnermeier and Alp Simsek,,129 (4), 2014, 1711-1752

14. "The Financialization of Commodity Markets",Ing-haw Cheng and Wei Xiong,,2014

15. “Why Do Hedgers Trade So Much?”,with Ing-haw Cheng,,43, 2014, S183-207

16. “Wall Street and the Housing Bubble”,with Ing-haw Cheng and Sahil Raina,,104, 2014, 2797-2829

17. “Delegated Asset Management, Investment Mandates, and Capital Immobility”,with Zhiguo He,,2013, Vol 107, 239-258 (lead article)

18. “Realization Utility”,with Nicholas Barberis,,2012, Vol. 104, 251-271

19. “Rollover Risk and Credit Risk”,with Zhiguo He,,2012, Vol. 67, 391-429 (lead article). 2012 Smith Breeden Prize (first prize)

20. “Dynamic Debt Runs”,with Zhiguo He,,2012, Vol. 25, 1799-1843

21. “Index Investment and Financialization of Commodities”,with Ke Tang,,2012, Vol. 68, 54-74

22. “The Chinese Warrants Bubble”,with Jialin Yu,,2011, Vol. 101, 2723-2753

23. “Heterogeneous Expectations and Bond Markets”,with Hongjun Yan,,2010, Vol. 23, 1433-1466

24. “What Drives the Disposition and Momentum Effects? An Analysis of a Recent Preference-Based Explanation”,with Nicholas Barberis,,2009, Vol. 64, 751-784

25. “Advisors and Asset Prices: A Model of the Origins of Bubbles”,with Harrison Hong and Jose Scheinkman,,2008, Vol. 89, 268-287

26. “Executive Compensation and Short-termist Behavior in Speculative Markets”,with Patrick Bolton and Jose Scheinkman,,2006, Vol. 73, pp. 577-610

27. “Asset Float and Speculative Bubbles”,with Harrison Hong and Jose Scheinkman,,2006, Vol. 61, pp. 1073-1117. Final list of the Smith Breeden Best Paper Award

28. “Investor Attention, Overconfidence and Category Learning”,with Lin Peng,,2006, Vol. 80, pp. 563-602

29. “Overconfidence and Speculative Bubbles”,with Jose Scheinkman,,2003, Vol. 111, pp. 1183-1219. Reprinted in New Perspectives on Asset Price Bubbles, edited by Douglas D. Evanoff, George G. Kaufman and A. G. Malliaris, 2012, Oxford University Press

30. “Convergence Trading with Wealth Effects: An Amplification Mechanism in Financial Markets”,Wei Xiong,,2001, Vol. 62, pp. 247-292

31. “Contagion as a Wealth Effect”,with Albert Kyle,,2001, Vol. 56, pp. 1401-1440. Roger Murray Prize in 2001 Q-group meetings