
CHI (CLARA) XU
FINANCIAL ECONOMIST
CHI (CLARA) XU
FINANCIAL ECONOMIST
CHI (CLARA) XU
FINANCIAL ECONOMIST

I am a Ph.D. candidate in Finance at the Wharton School.
I build data-driven theoretical and quantitative models to study cross-sector credit, liquidity, and risk flows between banks and non-depository financial institutions.
By quantifying these dynamics, my research sheds light on the design of our financial system. My recent work examines how contractual arrangements in a connected financial system shape financial stability and macroeconomic outcomes. It informs policies on government guarantees and on the spillovers of capital and off-balance-sheet regulations across financial sectors.
I am on the 2025–26 job market. Before my Ph.D., I earned a B.A. in Applied Mathematics (with minors in Music and German) from UC Berkeley and an M.I.A. in International Finance and Economic Policy from Columbia University.
RESEARCH INTERESTS:- Macro-finance
- Financial Contracts
- Bank and Nonbank Financial Intermediation
- Household Finance, Family Macro
LINKS: CV Google Scholar SSRN Wharton
