Faculty Profiles - HU Yunzhi | The Hong Kong University of Science and Technology

Yunzhi HU
胡贇之

PhD in Joint Financial Economics
The University of Chicago, 2017

Associate Professor
Department of Finance

(852) 2358 7672
yunzhihu@ust.hk
Room LSK5058

Google Scholar

8l4E8PAAAAAJ

ResearcherID

MOH-5569-2025

Scopus ID

57211926620

Research Interest Publications Teaching Assignment

Research Interest

Banking
Financial intermediation
Macrofinance
Corporate finance

Publications

All Years 12 2026 2 2025 2 2024 0 2023 2 2022 2 2021 1 2020 3

2026 2

Debt Maturity Management

The Review of Financial Studies
HU, Yunzhi; Varas, Felipe; Ying, Chao
Article

Optimal Ownership and Capital Structure with Agency Conflicts

Journal of Financial and Quantitative Analysis, v. 61, (2), p. 872 - 905
Hu, Yunzhi; Yang, Zhaojun; Zhu, Nanhui
Article

2025 2

Borrowing Stigma and Lender of Last Resort Policies

Journal of Financial and Quantitative Analysis, v. 60, (1), p. 374-405
Hu, Yunzhi; Zhang, Hanzhe
Article

Intermediary financing without commitment

Journal of Financial Economics, v. 167, article number 104025
Hu, Yunzhi; Varas, Felipe
Article

2023 2

Banks and financial crises: contributions of Ben Bernanke, Douglas Diamond, and Philip Dybvig*

Scandinavian Journal of Economics, v. 125, (3), p. 553-583
He, Zhiguo; Hu, Yunzhi
Article

Counterparty Risk: Implications for Network Linkages and Asset Prices

Review of Financial Studies, v. 36, (2), p. 814-858
Grigoris, Fotis; Hu, Yunzhi; Segal, Gill
Article

2022 2

A dynamic theory of bank lending, firm entry, and investment fluctuations

Journal of Economic Theory, v. 204, article number 105515
Hu, Yunzhi
Article

Liquidity, pledgeability, and the nature of lending

Journal of Financial Economics, v. 143, (3), p. 1275-1294
Diamond, Douglas W.; Hu, Yunzhi; Rajan, Raghuram G.
Article

2021 1

A Theory of Zombie Lending

Journal of Finance, v. 76, (4), p. 1813-1867
Hu, Yunzhi; Varas, Felipe
Article

2020 3

Dynamic interventions and informational linkages

Journal of Financial Economics, v. 135, (1), p. 1-15
Cong, Lin William; Grenadier, Steven R.; Hu, Yunzhi
Article

Pledgeability, Industry Liquidity, and Financing Cycles

Journal of Finance, v. 75, (1), p. 419-461
Diamond, Douglas W.; Hu, Yunzhi; Rajan, Raghuram G.
Article

The Spillovers from Easy Liquidity and the Implications for Multilateralism

IMF Economic Review, v. 68, (1), p. 4-34
Diamond, Douglas W.; Hu, Yunzhi; Rajan, Raghuram G.
Article

Article 2

Debt Maturity Management

The Review of Financial Studies
HU, Yunzhi; Varas, Felipe; Ying, Chao

Optimal Ownership and Capital Structure with Agency Conflicts

Journal of Financial and Quantitative Analysis, v. 61, (2), p. 872 - 905
Hu, Yunzhi; Yang, Zhaojun; Zhu, Nanhui

Article 2

Borrowing Stigma and Lender of Last Resort Policies

Journal of Financial and Quantitative Analysis, v. 60, (1), p. 374-405
Hu, Yunzhi; Zhang, Hanzhe

Intermediary financing without commitment

Journal of Financial Economics, v. 167, article number 104025
Hu, Yunzhi; Varas, Felipe

Article 2

Banks and financial crises: contributions of Ben Bernanke, Douglas Diamond, and Philip Dybvig*

Scandinavian Journal of Economics, v. 125, (3), p. 553-583
He, Zhiguo; Hu, Yunzhi

Counterparty Risk: Implications for Network Linkages and Asset Prices

Review of Financial Studies, v. 36, (2), p. 814-858
Grigoris, Fotis; Hu, Yunzhi; Segal, Gill

Article 2

A dynamic theory of bank lending, firm entry, and investment fluctuations

Journal of Economic Theory, v. 204, article number 105515
Hu, Yunzhi

Liquidity, pledgeability, and the nature of lending

Journal of Financial Economics, v. 143, (3), p. 1275-1294
Diamond, Douglas W.; Hu, Yunzhi; Rajan, Raghuram G.

Article 1

A Theory of Zombie Lending

Journal of Finance, v. 76, (4), p. 1813-1867
Hu, Yunzhi; Varas, Felipe

Article 3

Dynamic interventions and informational linkages

Journal of Financial Economics, v. 135, (1), p. 1-15
Cong, Lin William; Grenadier, Steven R.; Hu, Yunzhi

Pledgeability, Industry Liquidity, and Financing Cycles

Journal of Finance, v. 75, (1), p. 419-461
Diamond, Douglas W.; Hu, Yunzhi; Rajan, Raghuram G.

The Spillovers from Easy Liquidity and the Implications for Multilateralism

IMF Economic Review, v. 68, (1), p. 4-34
Diamond, Douglas W.; Hu, Yunzhi; Rajan, Raghuram G.

2020 3

Dynamic interventions and informational linkages

Journal of Financial Economics, v. 135, (1), p. 1-15
Cong, Lin William; Grenadier, Steven R.; Hu, Yunzhi
Article

Pledgeability, Industry Liquidity, and Financing Cycles

Journal of Finance, v. 75, (1), p. 419-461
Diamond, Douglas W.; Hu, Yunzhi; Rajan, Raghuram G.
Article

The Spillovers from Easy Liquidity and the Implications for Multilateralism

IMF Economic Review, v. 68, (1), p. 4-34
Diamond, Douglas W.; Hu, Yunzhi; Rajan, Raghuram G.
Article

No Publications

Teaching Assignment

2025-26 Spring 1 2025-26 Winter 0 2025-26 Fall 0 2024-25 Summer 0 2024-25 Spring 0 2024-25 Winter 0

FINA7900Q

Doctoral Seminar: Banking and Financial Intermediation

No Teaching Assignments

Research Interest

Publications

2026 2

2025 2

2023 2

2022 2

2021 1

2020 3

Article 2

Article 2

Article 2

Article 2

Article 1

Article 3

2020 3

Teaching Assignment

Projects

From January 2024 to December 2026

Your browser is out of date!