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About
Kathy Yuan is a Professor of Finance at the London School of Economics and Political Science (LSE), where she has been a faculty member since 2008. She earned her Ph.D. in Economics from the Massachusetts Institute of Technology (MIT) in 2000, following an early career at the Emerging Markets Trading Desk at J.P. Morgan.
Her research focuses on asset pricing and market microstructure, with current projects examining liquidity and financial stability across bank and non-bank financial institutions. She is particularly interested in the evolution of digital financial infrastructure, developing theories where money functions as a programmable, data-capable, and collateralizable safe asset. Her work encompasses DeFi, payment and data technologies, and securities lending.
Beyond academia, Kathy has held influential policy and advisory roles. She has been a Houblon-Norman Fellow at the Bank of England, a Research Fellow at the Bank for International Settlements (BIS), and a Research Economist at the International Monetary Fund (IMF). She is a Research Fellow at the Centre for Economic Policy Research (CEPR) and Financial Market Group (FMG), also previously served as a Director of the European Finance Association.
Research Interests
- Bubbles and crises, Liquidity
- Hetergenous information
- Mutual funds
- Hedge funds
- Network theory
- Short-sale and margin constraints
- Global games
- Asset pricing
Teaching
Current students: visit LSE Moodle for course information