معرفی
Kairong Xiao serves as the Roger F. Murray Associate Professor of Business at Columbia Business School, where he joined the Finance Division faculty in 2017. He also holds a Research Associate position at the National Bureau of Economic Research (NBER).
Professor Xiao's research spans financial intermediation, corporate finance, monetary economics, industrial organization, and political economy. His work frequently examines how financial regulations impact banking behavior, monetary policy transmission mechanisms, and market liquidity. He has made significant contributions to understanding shadow banking systems, liquidity transformation by mutual funds, and the implications of central bank digital currencies.
His publication record demonstrates consistent output in the field's most prestigious journals, with particular emphasis on banking regulation and monetary policy transmission channels. Recent work (2024-2025) shows continued focus on regulatory costs, nonbank fragility, and the interplay between bank market power and monetary policy.
Notable awards include:
- Review of Financial Studies Rising Scholar Award
- Journal of Finance Dimensional Fund Advisors Prize for Distinguished Paper
- Multiple Best Paper Awards at major finance conferences
- WFA Cubist Award for Outstanding Ph.D. Research
Professor Xiao advises doctoral students through the Finance Pre-Thesis Seminar and teaches core courses including Foundations of Valuation and Corporate Finance. His research has attracted significant media attention, with coverage in The Financial Times, Forbes, and major financial news outlets, particularly regarding banking regulation and monetary policy topics.
