Zhengyang Jiang is an associate professor of finance at Northwestern University’s Kellogg School of Management, faculty research fellow of the National Bureau of Economic Research, and associate editor of the Journal of International Economics. His research focuses on exchange rates, capital flows, public debt valuation and sustainability, the international monetary system, and the cognitive
processes behind expectation formation and financial decision-making. He received his PhD in finance from Stanford Graduate School of Business and his bachelor’s degree in mathematics and business economics from the California Institute of Technology.
His research has been published at Econometrica, Journal of Political Economy, Review of Economics Studies, Journal of Finance, Review of Financial Studies, Journal of Financial Economics, Journal of Monetary Economics, Management Science, and IMF Economic Review, and published as invited contributions at American Economic Association, Brookings Papers on Economic Activity, Annual Review of Financial Economics, National Bureau of Economic Research, and Peterson Foundation. His research has also been interviewed and featured by the Wall Street Journal, Financial Times, Yahoo Finance, and cited by the 2022 and 2025 Economic Report of the President of the U.S.

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The rise of China as an international lender
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