张笑语  中国金融发展研究院助理教授

E-mail:xyzhang@cufe.edu.cn

Office: Academy Hall 813

Personal website: https://xiaoyuzhang-xyz.github.io/

联系地址：北京市海淀区学院南路39号中央财经大学学术会堂8层中国金融发展研究院

   一、教育背景

2010.9-2014.6 中央财经大学

2015.8-2020.4 新加坡国立大学

二、工作经历

2020.08-2023.08 中山大学岭南学院金融系 助理教授

2023.10-2024.06 首都经济贸易大学金融学院 助理教授

2024.09-  中央财经大学中国金融发展研究院 助理教授

三、研究方向

银行与家庭金融，住房市场

四、讲授课程

2021/2022 Sem II 中山大学岭南学院 公司金融（Master of Finance）

2022/2023 Sem II 中山大学岭南学院 公司金融（Master of Finance）

2024/2025 Sem I  中央财经大学中国金融发展研究院 回归分析与应用（Master by course in Finance）

2024/2025 Sem II 中央财经大学中国金融发展研究院 金融风险管理（Master in Finance）

五、已发表论文

[1] Alcohol consumption and the value of community [with Yunqi Zhang]. Real Estate Economics, 2025 (https://onlinelibrary.wiley.com/doi/abs/10.1111/1540-6229.12473)

[2] Intergenerational bankruptcy risks: Learning from parents’ mistakes [with Sumit Agarwal, and Tien Foo Sing]. Journal of Financial Intermediation, 2024 (https://www.sciencedirect.com/science/article/pii/S1042957324000159)

[3] The political economy of public housing upgrading programs [with Mi Diao, and Tien Foo Sing]. Journal of Economic Behavior and Organization, 2024 (https://www.sciencedirect.com/science/article/abs/pii/S0167268124000131)

[4] Regulation-induced digitalization [with Yunqi Zhang]. China Economic Review, 2024 (https://www.sciencedirect.com/science/article/pii/S1043951X24001512)

[5] ESG评级分歧与债务资本成本 [合作者：张云齐 杨淏宇]，金融评论，2023

[6] Risk aversion and urban land development options [with Gang-zhi Fan, MingPu and Tien Foo Sing]. Real Estate Economics, 2022 (https://onlinelibrary.wiley.com/doi/abs/10.1111/1540-6229.12346)

六、工作论文

[1] Does Regulating Developers Democratize Credit and Homeownership? [with Sumit Agarwal, Mingxuan Fan, Pulak Ghosh, Arkodipta Sarkar]

•  Government supervision over developers in the presale housing market affects bank lending decision

•  Presented at ABFER 2024, CUHK-RAPS-RCFS 2024*

[2] Why do financially unconstrained individuals respond to higher credit limits? [with Sumit Agarwal, Pulak Ghosh, Shashwat Alok]

•  To what extent does bank credit supply boost individual borrower spending and the underlying mechanisms

•  Presented at CICM 2022, SFS Cavalcade AP 2022

[3] Debt Overhang and Bankruptcy Abuse Prevention [with Yu Meng, Yunqi Zhang]

•  Boosting household investment by decreasing the risk of household debt overhang

•  R&R with Journal of Empirical Finance

[4] Golfing for information: Informal interactions and economic consequences

•  Firm executives use golfing as a mechanism to exchange information and make better investments

•  Presented at SFS Cavalcade AP 2018, ARUEUA-ASSA 2019, AFA 2020 Doctoral session and AFBC 2019

updated on April 1st,2025