Yi Li

Board of Governors of the Federal Reserve System

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

http://sites.google.com/view/yili/

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SCHOLARLY PAPERS

8

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3,323

SSRN CITATIONS
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Top 16,722

in Total Papers Citations

51

CROSSREF CITATIONS

14

Scholarly Papers (8)

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1.

Institutional Herding and Its Price Impact: Evidence from the Corporate Bond Market

Downloads 831 ( 28,235)
Citation 25

Institutional Herding and Its Price Impact: Evidence from the Corporate Bond Market

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 72 Posted: 22 Nov 2015 Last Revised: 25 Dec 2017
Fang Cai, Song Han, Dan Li and Yi Li
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 571 (65,446)
Citation 2

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Corporate Bond; Herding; Institutional Investors; Return Reversal

Institutional Herding and its Price Impact: Evidence from the Corporate Bond Market

FEDS Working Paper No. 2016-091
Number of pages: 58 Posted: 28 Nov 2016
Fang Cai, Song Han, Dan Li and Yi Li
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 260 (160,339)
Citation 15

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Corporate Bond, Herding, Institutional Investors, Liquidity, Return Reversal

2.

Liquidity Restrictions, Runs, and Central Bank Interventions: Evidence from Money Market Funds

Number of pages: 54 Posted: 26 May 2020 Last Revised: 18 Jun 2021
Lei Li, Yi Li, Marco Macchiavelli and Xing (Alex) Zhou
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 911 (35,681)
Citation 5

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runs, money market funds, redemption gates and liquidity fees, strategic complementarities, COVID-19, MMLF

3.

Does Mutual Fund Illiquidity Introduce Fragility into Asset Prices? Evidence from the Corporate Bond Market

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 73 Posted: 31 Dec 2019 Last Revised: 03 Feb 2021
Hao Jiang, Yi Li, Zheng Sun and Ashley Wang
Michigan State University, Board of Governors of the Federal Reserve System, University of California, Irvine - Paul Merage School of Business and Board of Governors of the Federal Reserve System
Downloads 408 (99,267)
Citation 7

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Corporate bond mutual fund, liquidity transformation, fragility, volatility

4.

Mutual Fund Fragility, Dealer Liquidity Provisions, and the Pricing of Municipal Bonds

Number of pages: 55 Posted: 13 Nov 2020 Last Revised: 16 Feb 2022
Yi Li, Maureen O'Hara and Xing (Alex) Zhou
Board of Governors of the Federal Reserve System, Cornell University - Samuel Curtis Johnson Graduate School of Management and Board of Governors of the Federal Reserve System
Downloads 386 (105,767)
Citation 7

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Municipal Bonds, Mutual Fund Fragility, Dealer, Liquidity, Pricing, COVID-19

5.

Carbon Emissions, Mutual Fund Trading, and the Liquidity of Corporate Bonds

Number of pages: 58 Posted: 08 Jul 2021 Last Revised: 04 Apr 2022
Jie Cao, Yi Li, Xintong Zhan, Weiming Elaine Zhang and Linyu Zhou
The Chinese University of Hong Kong (CUHK) - CUHK Business School, Board of Governors of the Federal Reserve System, Department of Finance, School of Management, Fudan University, The Chinese University of Hong Kong (CUHK) and The Chinese University of Hong Kong (CUHK) - Department of Finance
Downloads 268 (156,106)

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Carbon emissions, corporate bonds, mutual funds, herding, redemption risks, liquidity

6.

Reciprocal Lending Relationships in Shadow Banking

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 59 Posted: 01 Sep 2017 Last Revised: 21 Mar 2021
Yi Li
Board of Governors of the Federal Reserve System
Downloads 229 (182,007)
Citation 1

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reciprocal relationship, money market funds, liquidity, regulation, wholesale funding

7.

Payment Risk and Bank Lending

Fisher College of Business Working Paper No. 2021-03-017, Charles A. Dice Center Working Paper No. 2021-17
Number of pages: 60 Posted: 08 Nov 2021 Last Revised: 05 Jan 2022
Ye Li and Yi Li
Ohio State University (OSU) and Board of Governors of the Federal Reserve System
Downloads 155 (256,919)

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Credit supply, deposits, payment, inside money, monetary policy transmission

8.

Bank Credit and Money Creation on Payment Networks: A Structural Analysis of Externalities and Key Players

Fisher College of Business Working Paper No. 2021-03-022, Charles A. Dice Working Paper No. 2021-22, Columbia Business School Research Paper Forthcoming
Number of pages: 87 Posted: 01 Jan 2022 Last Revised: 07 Mar 2022
Ye Li, Yi Li and Huijun Sun
Ohio State University (OSU), Board of Governors of the Federal Reserve System and Columbia Business School
Downloads 135 (286,559)

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Credit supply, inside money, payment, network, externalities, systemic risk