Wei XIONG

Publications

Wei XIONG
Title:

Academic Dean, Professor (Princeton University)

Education Background:
Ph.D., Finance, Duke University, 2001
M.A., Physics, Columbia University, 1995
B.S., Physics, University of Science and Technology of China, 1993
Teaching Area

Finance

Research

Capital Market Frictions, Behavioral Finance, China's Economy and Financial Markets

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