Binbin Deng
CURRICULUM VITAE Binbin Deng
OFFICE:
Compass Lexecon 332 South Michigan Avenue Suite 1300 Chicago, IL 60604 312.470.0536 direct 312.322.0218 fax E-mail: [email protected]
EDUCATION 2016, Ph.D. in Economics, University of Chicago 2012, M.A. in Economics, University of Chicago 2011, B.Sc. in Economics and Finance (minors in Mathematics and Social Science), summa cum laude, Hong Kong University of Science and Technology Academic Achievement Medal, Outstanding Student Award, SHSS Dean’s Award FIELDS OF SPECIALIZATION Empirical Finance, Financial Econometrics, Asset Pricing, Macroeconomics PROFESSIONAL EXPERIENCE October 2016 – Present, Senior Economist, Compass Lexecon RESEARCH EXPERIENCE December 2014 – December 2015, Research Fellow, Fama-Miller Center for Research in Finance, Chicago, IL (Shadow Banking) July – December 2013, Research Assistant, University of Chicago Booth School of Business, Chicago, IL (Dynamic Factor Modeling of Multivariate Count Data) June 2009 – June 2011, Research Associate, Center for Economic Development, HKUST, Hong Kong (Demographic Transition and Economic Growth)
TEACHING EXPERIENCE March 2014 – June 2016, Graduate Teaching Assistant, University of Chicago Department of Economics and The College, Chicago, IL January 2016 – March 2016, Graduate Teaching Assistant, University of Chicago Harris School of Public Policy, Chicago, IL January 2014 – March 2014, Graduate Teaching Assistant, University of Chicago Booth School of Business, Chicago, IL July 2013 – August 2013, Adjunct Teaching Associate, Citadel LLC, Chicago, IL (FTAP Advanced Statistics, Technology New Graduate Program) September 2010 – December 2010, Teaching Assistant, University of Pennsylvania Department of Economics, Philadelphia, PA HONORS AND AWARDS December 2014 – December 2015, John and Serena Liew Fellowship, Fama-Miller Center for Research in Finance September 2013 – August 2016, Social Sciences Doctoral Fellowships, University of Chicago September 2012 – August 2013, Munk Fellowship, University of Chicago September 2012 – August 2013, Financial-Tech Research Grant, ProMetric LLC September 2011 – August 2012, Delta Fellowship, King Birds Group International PUBLICATIONS “A Simple Model of Managerial Incentives and Portfolio-Investment Decision,” Journal
of Business and Economics, 2016, Vol. 7, No. 7, pp. 1059-1076. “Regime Learning and Asset Prices in A Long-run Model: Theory,” 2015, Proceedings, 2015 Cambridge Business & Economics Conference. “Casual Talk on New-type PE Fund,” China Construction Bank Fortune, 2014, Issue 39, pp. 58-61, with Zihan Xie. (Chinese) “A Note on Fertility and Economic Growth in the Process of Demographic Transition,” Contemporary Economics, 2009, Issue 20, pp. 90-91. (Chinese) RESEARCH PAPERS “Ultra-High-frequency Stochastic Volatility: Realized Variation, Mean-reversion, and GMM Estimation,” with Sibo Yan. “Regime Learning and Asset Prices in A Long-run Model: Empirics,” with Sibo Yan. “Counterparty Risk, Central Counterparty Clearing and Aggregate Risk,” Ph.D. dissertation.
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“Bilateral vs. Central Counterparty Clearing in OTC Derivatives Markets: Counterparty Exposures, Allocation Efficiency and Applications,” Job market paper. “A Simple Model of Technological Change and Asset Prices,” R&R, Economic Modelling. “Political Cycles, Government Exposures, and Stock Returns,” R&R, Quarterly Review of Economics and Finance. RESEARCH IN PROGRESS “Low-price Premium for the Chinese A-Shares Market,” with Sibo Yan and Xiao Qiao. “Mean-reversion with Jumps: Volatility of Volatility and the Leverage Effects,” with Sibo Yan. “Volatility Analysis of the Chinese A-Shares with Daily Return Bounds,” with Xiao Qiao. “Shadow Banking and Capital Misallocation in China,” with Daniel D. Xie. “Democratization of Private Equity: Crowd-funding, Listed Private Equity Funds, and AngelList Syndicates,” with Zihan Xie. INVITED TALKS AND CONFERENCE PRESENTATIONS May 2016, 11th Annual International Symposium on Economic Theory, Policy and Applications, ATINER Jul 2015, 2015 Cambridge Business & Economics Conference, Cambridge University Feb 2015, 6th LSE SU Emerging Markets Forum, London School of Economics Dec 2014, 2nd Paris Financial Management Conference, IPAG Business School May 2014, 14th Annual Trans-Atlantic Doctoral Conference, London Business School Apr 2014, Global Alternative Investment Forum Japan 2014, Private Equity International Dec 2013, Cao Fengqi Financial Development Fund Forum, GSM, Peking University AD HOC REFEREE Quarterly Review of Economics and Finance, Economic Modelling, Theoretical Economics Letters, Journal of Business and Economics, Eurasian Journal of Economics and Finance, Journal of Advances in Economics and Finance MEMBERSHIPS AND AFFILIATIONS September 2014 – Present, Founding Committee Member, Chicago Chinese Social Research Group June 2014 – Present, Member, Western Economic Association International July 2013 – Present, Member, American Finance Association
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March 2012 – Present, Member, American Economic Association September 2010 – Present, Member, Beta Gamma Sigma LANGUAGES Hakka, Cantonese, Mandarin Chinese (native); English (fluent); Spanish (basic) SKILLS R, Stata, SAS, MATLAB, Mathematica, EViews, Python
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OFFICE:
Compass Lexecon 332 South Michigan Avenue Suite 1300 Chicago, IL 60604 312.470.0536 direct 312.322.0218 fax E-mail: [email protected]
EDUCATION 2016, Ph.D. in Economics, University of Chicago 2012, M.A. in Economics, University of Chicago 2011, B.Sc. in Economics and Finance (minors in Mathematics and Social Science), summa cum laude, Hong Kong University of Science and Technology Academic Achievement Medal, Outstanding Student Award, SHSS Dean’s Award FIELDS OF SPECIALIZATION Empirical Finance, Financial Econometrics, Asset Pricing, Macroeconomics PROFESSIONAL EXPERIENCE October 2016 – Present, Senior Economist, Compass Lexecon RESEARCH EXPERIENCE December 2014 – December 2015, Research Fellow, Fama-Miller Center for Research in Finance, Chicago, IL (Shadow Banking) July – December 2013, Research Assistant, University of Chicago Booth School of Business, Chicago, IL (Dynamic Factor Modeling of Multivariate Count Data) June 2009 – June 2011, Research Associate, Center for Economic Development, HKUST, Hong Kong (Demographic Transition and Economic Growth)
TEACHING EXPERIENCE March 2014 – June 2016, Graduate Teaching Assistant, University of Chicago Department of Economics and The College, Chicago, IL January 2016 – March 2016, Graduate Teaching Assistant, University of Chicago Harris School of Public Policy, Chicago, IL January 2014 – March 2014, Graduate Teaching Assistant, University of Chicago Booth School of Business, Chicago, IL July 2013 – August 2013, Adjunct Teaching Associate, Citadel LLC, Chicago, IL (FTAP Advanced Statistics, Technology New Graduate Program) September 2010 – December 2010, Teaching Assistant, University of Pennsylvania Department of Economics, Philadelphia, PA HONORS AND AWARDS December 2014 – December 2015, John and Serena Liew Fellowship, Fama-Miller Center for Research in Finance September 2013 – August 2016, Social Sciences Doctoral Fellowships, University of Chicago September 2012 – August 2013, Munk Fellowship, University of Chicago September 2012 – August 2013, Financial-Tech Research Grant, ProMetric LLC September 2011 – August 2012, Delta Fellowship, King Birds Group International PUBLICATIONS “A Simple Model of Managerial Incentives and Portfolio-Investment Decision,” Journal
of Business and Economics, 2016, Vol. 7, No. 7, pp. 1059-1076. “Regime Learning and Asset Prices in A Long-run Model: Theory,” 2015, Proceedings, 2015 Cambridge Business & Economics Conference. “Casual Talk on New-type PE Fund,” China Construction Bank Fortune, 2014, Issue 39, pp. 58-61, with Zihan Xie. (Chinese) “A Note on Fertility and Economic Growth in the Process of Demographic Transition,” Contemporary Economics, 2009, Issue 20, pp. 90-91. (Chinese) RESEARCH PAPERS “Ultra-High-frequency Stochastic Volatility: Realized Variation, Mean-reversion, and GMM Estimation,” with Sibo Yan. “Regime Learning and Asset Prices in A Long-run Model: Empirics,” with Sibo Yan. “Counterparty Risk, Central Counterparty Clearing and Aggregate Risk,” Ph.D. dissertation.
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“Bilateral vs. Central Counterparty Clearing in OTC Derivatives Markets: Counterparty Exposures, Allocation Efficiency and Applications,” Job market paper. “A Simple Model of Technological Change and Asset Prices,” R&R, Economic Modelling. “Political Cycles, Government Exposures, and Stock Returns,” R&R, Quarterly Review of Economics and Finance. RESEARCH IN PROGRESS “Low-price Premium for the Chinese A-Shares Market,” with Sibo Yan and Xiao Qiao. “Mean-reversion with Jumps: Volatility of Volatility and the Leverage Effects,” with Sibo Yan. “Volatility Analysis of the Chinese A-Shares with Daily Return Bounds,” with Xiao Qiao. “Shadow Banking and Capital Misallocation in China,” with Daniel D. Xie. “Democratization of Private Equity: Crowd-funding, Listed Private Equity Funds, and AngelList Syndicates,” with Zihan Xie. INVITED TALKS AND CONFERENCE PRESENTATIONS May 2016, 11th Annual International Symposium on Economic Theory, Policy and Applications, ATINER Jul 2015, 2015 Cambridge Business & Economics Conference, Cambridge University Feb 2015, 6th LSE SU Emerging Markets Forum, London School of Economics Dec 2014, 2nd Paris Financial Management Conference, IPAG Business School May 2014, 14th Annual Trans-Atlantic Doctoral Conference, London Business School Apr 2014, Global Alternative Investment Forum Japan 2014, Private Equity International Dec 2013, Cao Fengqi Financial Development Fund Forum, GSM, Peking University AD HOC REFEREE Quarterly Review of Economics and Finance, Economic Modelling, Theoretical Economics Letters, Journal of Business and Economics, Eurasian Journal of Economics and Finance, Journal of Advances in Economics and Finance MEMBERSHIPS AND AFFILIATIONS September 2014 – Present, Founding Committee Member, Chicago Chinese Social Research Group June 2014 – Present, Member, Western Economic Association International July 2013 – Present, Member, American Finance Association
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March 2012 – Present, Member, American Economic Association September 2010 – Present, Member, Beta Gamma Sigma LANGUAGES Hakka, Cantonese, Mandarin Chinese (native); English (fluent); Spanish (basic) SKILLS R, Stata, SAS, MATLAB, Mathematica, EViews, Python
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