معرفی
Chenzi Xu is an Assistant Professor of Economics at the University of California, Berkeley, conducting research at the intersection of finance, international economics, and economic history. Her work focuses on how financial institutions shape the flow of capital and goods across borders, with particular emphasis on historical events' long-term impacts on modern economic outcomes. Prior to joining UC Berkeley, she served as an Assistant Professor of Finance at Stanford University's Graduate School of Business.
Dr. Xu earned her BA in economics from Harvard University, an MPhil in economic history from the University of Cambridge (where she was the William Shirley Scholar at Pembroke College and a Cambridge Overseas Trust Scholar), and completed her PhD in economics at Harvard University. Her scholarly contributions have established her as a leading researcher in historical finance and international macroeconomics.
Her primary research interests include:
- The role of financial markets in international economics
- How banking regulation changes impact trade patterns and structural transformation
- Trade finance as a tool of industrial policy
- Long-term effects of historical banking crises on global trade
- Development of currency systems through liquidity provision
Dr. Xu's groundbreaking work demonstrates how financial disruptions can reshape global trade patterns for decades. Her research on the 1866 London banking crisis revealed that countries exposed to bank failures immediately reduced exports significantly and never recovered their lost market share growth relative to unexposed countries. These persistent market-share losses primarily stemmed from lack of extensive margin growth as financing shocks caused importers to source from new trade partners.
Her scientific recognition includes:
- AQR Top Finance Graduate Award
- BlackRock Applied Research Prize Finalist
- French Finance Association Research Prize
- Economic History Society New Researcher Prize
- World Economic History Congress Poster Prize
- WFA Cubist Systematic Strategies PhD Candidate Award
Dr. Xu serves as an Associate Editor at the Journal of Political Economy and maintains active affiliations with the National Bureau of Economic Research (NBER) and Centre for Economic Policy Research (CEPR). Her research has received funding from the National Science Foundation (Grant #2117003) and the British Academy Leverhulme Grant. She has developed the Global Macro Database, providing 46 macroeconomic variables across 243 countries from 1084 to 2030, along with extensive historical datasets on international trade and banking connections.
