Meet the Researchers
Dan Li
Assistant Director
Program Direction Section
Monetary Affairs
202-452-2626
[email protected]
[email protected]
Education
- Ph.D., Financial Economics, Carnegie Mellon University, 2007
- M.Sc., Computer Science (Machine Learning), Carnegie Mellon University, 2007
- M.Sc., Financial Economics, Norwegian School of Management, 2002
- B.A., Accounting, Fudan University (China), 1999
Current Research Topics
- Financial Intermediaries, OTC markets
- CLO market liquidity
Assistant Director
Board of Governors of the Federal Reserve System
2019 - presentSection Chief
Board of Governors of the Federal Reserve System
2015 - 2019Senior Economist
Board of Governors of the Federal Reserve System
2014 - 2015Economist
Board of Governors of the Federal Reserve System
2007 - 2014
- Credit Supply and Hedge Fund Performance: Evidence from Prime Broker Surveys
Dan Li, Phillip J. Monin, and Lubomir Petrasek
Finance and Economics Discussion Series (2024)
https://doi.org/10.17016/FEDS.2024.089 - When failure is an option: Fragile liquidity in over-the-counter markets
Terrence Hendershott, Dan Li, Dmitry Livdan, and Norman Schürhoff
Journal of Financial Economics (2024)
https://doi.org/10.1016/j.jfineco.2024.103859 - Why Do Mutual Funds Invest in Treasury Futures?
Benjamin Iorio, Dan Li, and Lubomir Petrasek
FEDS Notes (2024)
https://doi.org/10.17016/2380-7172.3488 - Fire-Sale Spillovers in Debt Markets
Antonio Falato, Ali Hortaçsu, Dan Li, and Chaehee Shin
Journal of Finance (2021)
https://doi.org/10.1111/jofi.13078 - Whose Disagreement Matters? Household Belief Dispersion and Stock Trading Volume
Dan Li and Geng Li
Review of Finance (2021)
https://doi.org/10.1093/rof/rfab005 - Dynamic Liquidity Management by Corporate Bond Mutual Funds
Hao Jiang, Dan Li, and Ashley Wang
Journal of Financial and Quantitative Analysis (2021)
https://doi.org/10.1017/S0022109020000460 - Relationship Trading in Over-the-Counter Markets
Terrence Hendershott, Dan Li, Dmitry Livdan, and Norman Schurhoff
Journal of Finance (2020)
https://doi.org/10.1111/jofi.12864 - The U.S. Syndicated Term Loan Market: Who Holds What and When?
Seung Jung Lee, , Dan Li, Ralf R. Meisenzahl, and Martin J. Sicilian
FEDS Notes (2019)
https://doi.org/10.17016/2380-7172.2473 - Municipal Bond Markets
Dario Cestau, Burton Hollifield, Dan Li, and Norman Schürhoff
Annual Review of Financial Economics (2019)
https://doi.org/10.1146/annurev-financial-110118-123034 - Institutional Herding and Its Price Impact: Evidence from the Corporate Bond Market
Fang Cai, Song Han, Dan Li, and Yi Li
Journal of Financial Economics (2019)
https://doi.org/10.1016/j.jfineco.2018.07.012
See also » FRB Working Paper (2016) - Dealer Networks
Dan Li and Norman Schurhoff
Journal of Finance (2019)
https://doi.org/10.1111/jofi.12728
See also » FRB Working Paper (2014) - Which Skills Matter in the Market for CEOs? Evidence from Pay for CEO Credentials
Dan Li, Antonio Falato, and Tod Milbourn
Management Science (2015)
https://doi.org/10.1287/mnsc.2014.2024 - The Fragility of Discretionary Liquidity Provision: Lessons from the Collapse of the Auction Rate Securities Market
Song Han and Dan Li
Finance and Economics Discussion Series (2010)
https://doi.org/10.17016/FEDS.2010.50 - Price Discovery in Illiquid Markets: Do Financial Asset Prices Rise Faster Than They Fall?
Dan Li, Richard C. Green, and Norman Schurhoff
Journal of Finance (2010)
https://doi.org/10.1111/j.1540-6261.2010.01590.x - New Findings in the Market Microstructure of Over-the-Counter Markets
Dan Li
Carnegie Mellon University (2007)
Awards
- 2010
Journal of Finance
Smith Breeden Prize, Distinguished Paper
Last Update:
December 9, 2024