Ping He

Tsinghua University, SEM

Professor

Beijing, 100084

China

http://www.sem.tsinghua.edu.cn/en/heping

SCHOLARLY PAPERS

22

DOWNLOADS
Rank 10,171

SSRN RANKINGS

Top 10,171

in Total Papers Downloads

6,091

SSRN CITATIONS
Rank 7,392

SSRN RANKINGS

Top 7,392

in Total Papers Citations

71

CROSSREF CITATIONS

107

Scholarly Papers (22)

1.
Downloads 1,520 ( 15,564)
Citation 51

Bank Credit Cycles

Number of pages: 41 Posted: 09 May 2005 Last Revised: 11 Jan 2009
Gary B. Gorton and Ping He
Yale School of Management and Tsinghua University, SEM
Downloads 1,434 (16,733)
Citation 5

Abstract:

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credit cycles, credit crunches

Bank Credit Cycles

Number of pages: 47 Posted: 23 Jun 2005 Last Revised: 21 Jul 2021
Gary B. Gorton and Ping He
Yale School of Management and Tsinghua University, SEM
Downloads 86 (370,872)
Citation 26

Abstract:

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2.
Downloads 777 ( 41,193)
Citation 5

Agency-Based Asset Pricing

Number of pages: 49 Posted: 21 Feb 2006 Last Revised: 07 Nov 2011
Yale School of Management, Tsinghua University, SEM and Georgia State University
Downloads 730 (44,154)
Citation 4

Abstract:

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Agency Problem, Corporate Governance, Asset Pricing, Price Formation

Agency-Based Asset Pricing

Number of pages: 49 Posted: 11 May 2006 Last Revised: 10 Jul 2021
Gary B. Gorton and Ping He
Yale School of Management and Tsinghua University, SEM
Downloads 47 (508,083)

Abstract:

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3.

Security Price Informativeness with Delegated Traders

Number of pages: 45 Posted: 03 Feb 2006 Last Revised: 03 Feb 2009
Yale School of Management, Tsinghua University, SEM and Georgia State University
Downloads 755 (42,876)

Abstract:

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agency problem, mark to market, market efficiency

4.
Downloads 713 ( 46,215)

A Theory of IPO Waves

Number of pages: 36 Posted: 18 Mar 2005
Ping He
Tsinghua University, SEM
Downloads 713 (45,588)

Abstract:

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IPO, Certification, Underpricing, Hot and Cold Market, Reputation

A Theory of IPO Waves

The Review of Financial Studies, Vol. 20, Issue 4, pp. 983-1020, 2007
Posted: 25 Jun 2008
Ping He
Tsinghua University, SEM

Abstract:

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G24, C73

5.

Money, Banking, and Monetary Policy

Number of pages: 34 Posted: 22 Sep 2006
Tsinghua University, SEM, Georgia State University and University of Wisconsin - Madison - Department of Finance, Investment and Banking
Downloads 320 (121,576)
Citation 15

Abstract:

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Money, Banking, Liquidity, Inflation, Monetary Policy

6.

Household Investment - The Horizon Effect

Number of pages: 30 Posted: 18 Mar 2005
Ping He and Xiaoqing Hu
Tsinghua University, SEM and University of Illinois at Chicago - Department of Finance
Downloads 314 (124,017)

Abstract:

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Mental Accounting, Time Diversification, Planning Horizon

7.

Simulated Likelihood Estimation of Affine Term Structure Models from Panel Data

Number of pages: 36 Posted: 23 Feb 2006
Michael W. Brandt and Ping He
Duke University - Fuqua School of Business and Tsinghua University, SEM
Downloads 276 (142,107)
Citation 11

Abstract:

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Term Structure, State-Space Representation, Importance Sampling, Simulated Likelihood

8.

IPO Pricing Efficiency and Ownership Structure: Evidence from China

Number of pages: 36 Posted: 26 Jan 2010 Last Revised: 08 Oct 2010
Ping He, Kun Wang and Xing Xiao
Tsinghua University, SEM, Tsinghua University and Tsinghua University
Downloads 260 (150,963)

Abstract:

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Financial market development, Ownership structure, Market discipline, Pricing efficiency, Initial public offering

9.

Proof-of-Work (PoW) Blockchain Network and Its Viability as a Payment System

Number of pages: 55 Posted: 24 Aug 2019 Last Revised: 13 Oct 2020
Ping He, Dunzhe Tang and Jingwen Wang
Tsinghua University, SEM, Tsinghua University, SEM and Tsinghua University, SEM
Downloads 191 (202,174)
Citation 2

Abstract:

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Blockchain, Proof-of-Work, Cryptocurrency, Bitcoin, Transaction Fee, Mining, Hashrate, Payment System

10.

Staking Pool Centralization in Proof-of-Stake Blockchain Network

Number of pages: 32 Posted: 09 Jul 2020 Last Revised: 28 Nov 2020
Ping He, Dunzhe Tang and Jingwen Wang
Tsinghua University, SEM, Tsinghua University, SEM and Tsinghua University, SEM
Downloads 181 (211,982)

Abstract:

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Blockchain, Proof-of-Stake, POS, Cryptocurrency, delegated-Proof-of-Stake, Stake Concentration

11.

Real Liquidity and Banking

Number of pages: 49 Posted: 27 Mar 2016 Last Revised: 08 May 2019
Ping He and Zehao Liu
Tsinghua University, SEM and School of Finance, Renmin University of China
Downloads 153 (247,071)

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Real liquidity, Medium of Payment, Liquidity Shortage, Bank Efficiency, Quantitative Easing

12.

On the Dual Agency Problems of State Controlled Firms in China

Number of pages: 36 Posted: 24 Jan 2010 Last Revised: 06 Oct 2010
Ping He, Kun Wang and Xing Xiao
Tsinghua University, SEM, Tsinghua University and Tsinghua University
Downloads 135 (271,732)

Abstract:

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Government Control, State-Owned Firms, Agency Problem, Corporate Governance

13.

A Theory of Reserve Requirement

Number of pages: 51 Posted: 29 Aug 2016 Last Revised: 08 Nov 2017
Ping He, Zehao Liu and Chengbo Xie
Tsinghua University, SEM, School of Finance, Renmin University of China and School of Finance, SWUFE
Downloads 110 (317,437)

Abstract:

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Outside Money, Inside Money, Reserve Requirement, Liquidity Shortage, Over-Investment

14.
Downloads 77 (392,282)
Citation 2

Optimal Monetary Policy in a Collateralized Economy

Number of pages: 45 Posted: 27 Aug 2016
Gary B. Gorton and Ping He
Yale School of Management and Tsinghua University, SEM
Downloads 53 (481,631)

Abstract:

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Optimal Monetary Policy in a Collateralized Economy

Number of pages: 46 Posted: 07 Sep 2016 Last Revised: 07 Oct 2021
Gary B. Gorton and Ping He
Yale School of Management and Tsinghua University, SEM
Downloads 24 (641,362)
Citation 1

Abstract:

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15.

Asset Prices When Agents are Marked-to-Market

Number of pages: 36 Posted: 10 May 2006 Last Revised: 01 Jul 2021
Yale School of Management, Tsinghua University, SEM and Georgia State University
Downloads 70 (413,450)

Abstract:

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16.

In the Shadow of Shadow Banking

Number of pages: 51 Posted: 18 Sep 2018
Ping He, Zehao Liu and Chengbo Xie
Tsinghua University, SEM, School of Finance, Renmin University of China and School of Finance, SWUFE
Downloads 61 (447,452)
Citation 1

Abstract:

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Shadow banking, Reserve requirement, Payment liquidity, Credit liquidity, Quantitative easing

17.
Downloads 49 (490,221)

Economic Growth and Bank Innovation

Number of pages: 45 Posted: 28 Sep 2021
Gary B. Gorton and Ping He
Yale School of Management and Tsinghua University, SEM
Downloads 43 (527,031)

Abstract:

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bank innovation, economic growth

Economic Growth and Bank Innovation

Number of pages: 46 Posted: 07 Oct 2021 Last Revised: 18 Nov 2021
Gary B. Gorton and Ping He
Yale School of Management and Tsinghua University, SEM
Downloads 6 (789,247)
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18.
Downloads 42 (526,080)

A Fiscal Theory of Money and Banking

Number of pages: 48 Posted: 02 Jul 2021
Ping He, Zehao Liu and Chengbo Xie
Tsinghua University, SEM, School of Finance, Renmin University of China and School of Finance, SWUFE
Downloads 36 (563,836)

Abstract:

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Liquidity Shocks; Fiscal Policy; Monetary Policy; Fiscal Theory of Price Level; Monetization of Fiscal Debt

A Fiscal Theory of Money and Banking

Number of pages: 47 Posted: 30 Nov 2021
Ping He, Zehao Liu and Chengbo Xie
Tsinghua University, SEM, School of Finance, Renmin University of China and School of Finance, SWUFE
Downloads 5 (806,085)

Abstract:

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Liquidity Shocks, Fiscal Policy, monetary policy, fiscal theory of price level, Monetization of Fiscal Debt

A Fiscal Theory of Money and Banking

Number of pages: 47 Posted: 29 Nov 2021
Ping He, Zehao Liu and Chengbo Xie
Tsinghua University, SEM, School of Finance, Renmin University of China and School of Finance, SWUFE
Downloads 1 (839,074)

Abstract:

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Liquidity Shocks, Fiscal Policy, monetary policy, fiscal theory of price level, Monetization of Fiscal Debt

19.

PoW Blockchain Network's Short-term Self-correction Mechanism

Number of pages: 54 Posted: 27 Feb 2021 Last Revised: 06 Jul 2021
Dunzhe Tang, Ping He and Zhongjie Fan
Tsinghua University, SEM, Tsinghua University, SEM and Tsinghua University - Tsinghua University School of Economics and Management
Downloads 39 (535,884)
Citation 1

Abstract:

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Blockchain, Proof-of-Work, Bitcoin, Hashrate, Miner, Transaction Fee

20.

A Network Theory of Safety Premium

Number of pages: 74 Posted: 02 Jul 2021
Zhongjie Fan, Ping He and Zehao Liu
Tsinghua University - Tsinghua University School of Economics and Management, Tsinghua University, SEM and School of Finance, Renmin University of China
Downloads 26 (622,568)

Abstract:

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Safety Premium, Network, Financial Contagion, Collateral, Multiple Equilibria

21.

Money and Banking in Search Equilibrium

Number of pages: 34 Posted: 05 May 2005
Tsinghua University, SEM, Georgia State University and University of Wisconsin - Madison - Department of Finance, Investment and Banking
Downloads 19 (657,822)
Citation 5
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22.

Optimal Monetary Policy in China

China & World Economy, Vol. 19, Issue 1, pp. 83-105, 2011
Number of pages: 23 Posted: 14 Mar 2011
Tsinghua University, SEM, Independent, affiliation not provided to SSRN and Tsinghua University - School of Economics & Management
Downloads 3 (781,288)
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asset price, economic stability, monetary policy, structural vector autoregression, E44, E52, E61