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 Chaowei Wang

Chaowei Wang

Research student

I am a PhD student in Economics at Cardiff Business School. 

Personal Website: https://sites.google.com/view/chaoweiwang-phd-carbs/home

LinkedIn profile: https://www.linkedin.com/in/chaowei-wang-88b08a76/

Research interests

My research interests are macroeconomic modelling, applied macroeconomics, shadow banking and SMEs financing.

Job Market Paper:  SMEs Financing with A Shadow Banking System in China: A DSGE Framework

Work in Progress: Shadow Banking System with A Bubbly Housing Market in China

Thesis

Modelling Chinese Shadow Banking System

My PhD thesis focus on modelling the Chinese shadow banking system in a Dynamic Stochastic General Equilibrium framework. 


There are two main shadow banking instruments, including wealth management products (WMPs) and entrusted loans, which jointly account for 70% of total shadow banking assets and 50% of Chinese GDP. Entrusted loans are loans made by one company to another; WMPs are uninsured financial products sold in China mainly by banks and other institutions (such as trust companies). To understand the role of the shadow banking system in China, my research aims to build DSGE frameworks that incorporate with these two main shadow banking products.


My job market paper, entitled ’SMEs Financing with A Shadow Banking System in China: A DSGE Framework’, studies the entrusted loans and my second model considers WMPs with a housing market in China.