Chuck Fang

I am an Assistant Professor of Finance at Drexel University. My research interests are Credit Markets, Financial Institutions, and Monetary Policy. I'm particularly interested in the rise of nonbanks (e.g., mutual funds and ETFs) and financial innovations (e.g., smart contracts) and implications for capital allocation. I received PhD in Finance from UPenn Wharton and BAs in Economics, Mathematics and Statistics from UC Berkeley.

chuck dot fang at drexel dot edu

Update

2023 October: I presented my paper "Liquidity Misallocation on Decentralized Exchanges" at FMA

2023 August: I presented my paper "Liquidity Misallocation on Decentralized Exchanges" at JFDS Conference

2023 June: I presented my paper "Monetary Policy Amplification through Bond Fund Flows" at WFA

Working Paper

Publication

Work in Progress

A Demand System Approach to Bond Market Transmission of Monetary Policy

Unrealized Losses and Arbitrage Capital in the Corporate Bond Market

Make Brown Firms Greener with Green Bonds

Who Are Exposed to Interest Rate Hikes?

What Drives Preference for Decentralization? with Austin Adams, Itay Goldstein and Xin Wan

Insurer Private Lending, with Shan Ge and Victoria Ivashina