Mountain valley landscape
Research

Working Papers

Working Papers (English)

From Invoicing to Anchoring: How RMB Swap Lines Shape Exchange Rate Anchoring in Small Open Economies

with Ting Lan, Yang Jiao

Versions: SSRN  ·  CFRN

Reject and Resubmit at the Journal of International Economics

Presented at the following conferences:

  • 2025中国国际金融学术年会 (Conference Paper)
  • 2025 CCER-NCER 经济研讨会 (Conference Paper)
  • 2026 3rd Workshop of East and South-East Asian Macroeconomic Society (Discussion Paper)
  • HKMA 16th Annual International Conference on the Chinese Economy

Working Papers (Chinese)

人民币互换协议、外汇市场摩擦与贸易计价

孙瑞,余昌华

正处于《管理世界》外审

“一带一路”信贷、增长效应与债务可持续性:基于跨国数据的分析

孙瑞,余昌华,何晓奇

正处于《金融研究》外审