Dr.Ye Bai is an Associate Professor in Finance, joined International Business School Suzhou at XJTLU in 2018. Prior to joining XJTLU, she worked for University of Nottingham as Assistant Professor in Finance. Ye holds a PhD from Loughborough University, where she focused her research on portfolio diversification and market integration. Ye's current research interests include emerging financial markets, financial integration, asset pricing and interbank market, etc. Her recent publications have appeared in internationally reputable journals, including Journal of Banking & Finance, International Review of Financial Analysis, Journal of International Financial Markets, Institution and Money, Empirical Economics, among others. Ye’s current stream of research on interbank market is funded by grants from DFID-ESRC Growth Research programme.
Ye Bai
  • Qualifications

    • PhD. Loughborough University, U.K. - 2008
    • Ms.C. Loughborough University, U.K. - 2003
    • BA, Yunnan University, China, 2001
  • Experience

    • Lecturer in Finance, Edinburgh Napier University, 2007- 2010
    • Assistant Professor in Finance, University of Nottingham, 2010-2018
  • Research interests

    • Emerging financial markets; Financial integration; Asset pricing; Financial inclusion; Interbank market
  • Articles

    • Green, C. J. & BAI, Y. (2008). The euro: Did the markets cheer or jeer? Journal of Policy Modeling, 30 (3), pp.431-446.
    • BAI, Y. & Green,, C. J. (2010). International diversification strategies: Revisited from the risk perspective. Journal of Banking and Finance, 34 (1), pp.236-245.
    • BAI, Y. & Green, C. J. (2011). Determinants of cross-sectional stock return variations in emerging markets. Empirical Economics, 41 (1), pp.81-102.
    • Alagidede, P. & Bai, Y. (2011). Analysis of long-run benefits from international portfolio diversification: Evidence from BRICS. International Journal of Economic Issues, 3(2), pp.263-277.
    • BAI, Y., Green, C. J., & Leger, L. (2012). pp.Industry and country factors in emerging market returns: Did the Asian crisis make a difference? Emerging Markets Review, 13 (4), pp.559-580.
    • BAI, Y. (2014). Country factors in stock returns: reconsidering the basic method. Applied Financial Economics, 24 (13), pp.871-888.
    • BAI, Y. (2014). Cross-border sentiment: an empirical analysis on EU stock markets. Applied Financial Economics, 24 (4), pp.259-290.
    • Green, C. J., BAI, Y., Murinde, V., Ngoka, K., Maana, I., Tiriongo, S., (2016). Overnight interbank markets and the determination of the interbank rate: A selective survey. International Review of Financial Analysis. International Review of Financial Analysis, 44, pp.149-161.
    • Ding, S., Chen, Z. and Chen, Z. & Bai, Y. (2017). Maturity Matching, Transaction Cost and Credit Maturity Structure: Evidence from Nearly Ten Thousand Rural Households Survey in Shandong Province. Journal of China Rural Economy 2017 November, pp. 62-74
    • BAI, Y. & Chow, D. (2017). Shanghai-Hong Kong Stock Connect: An analysis of Chinese partial stock market. Journal of International Financial Markets, Institutions & Money, 50, pp.182-203.
    • Camilleri, S.J., Scicluna, N. and Bai, Y., 2019. Do Stock Markets Lead or Lag Macroeconomic Variables? Evidence from Select European Countries. The North American Journal of Economics and Finance 48, pp.170–186.
    • Chmura, T., Bai, Y. and Bauder, D., 2019. The Impact of an Insider and Short-selling on Bubble Formation in Experimental Financial Market. Journal of International Financial Markets, Institutions and Money. In press.
  • Chapters, cases, readings and supplements

    • BAI, Y. (2013). A survey of country versus industry effects in international equity returns. Financial Crises: Identification, Forecasting and Effects on Transition Economies. Nova.
    • Green, C., Murinde, V., BAI, Y., Ngoka, K., Maana, I., & Tiriongo S. (2018). The Development of Kenya's Overnight Interbank Market. Financing Innovation and Development in Africa. Cambridge Scholars Publishing
  • Conference presentations

    • 2008-2009, The 6th INFINITI Conference on International Finance, Dublin/International Diversification Strategies Revisited from the Risk Perspective.
    • 2015-2016, European Financial Management Association Annual Conference, Amsterdam/ The Peer Monitoring Role of the Interbank Market in Kenya and Implications for Bank Regulation.
    • 2016-2017, The Asian Financial Association 2016 Annual Meeting, Bangkok/ Is the Glass Half Empty or Half Full? An Analysis of Post-Crisis Chinese Partial Stock Market Liberalization
    • 2017-2018, International Association of Deposit Insurers 4th Biennial Research, Basel, Switzerland/The Interbank Market in Kenya and Implications for Bank Regulations
  • Grants

    • Bai, Y., 2012, Principal Investigator, RMB 55,000, Herding and international equity market integration, Business School SPARK research fund, University of Nottingham
    • Bai, Y., 2013, Principal Investigator, RMB 50,000, Investor sentiment and financial contagion, University of Nottingham Staff Mobility Fund
    • Bai, Y., 2013, Principal Investigator, RMB 45,000, Reverse cross-border merger and acquisition, Business School Visiting Scholar Fund, University of Nottingham
    • Bai, Y., 2008, Principal Investigator, RMB 65,000, Financial integration and implications to portfolio diversification, Business School research funding, Edinburgh Napier University
    • Murinde, V. 2012, Kenya Interbank Market research project, Co-investigator, RMB 2Million, Kenyan Ministry of Finance and the Central Bank of Kenya
    • Murinde, V. 2016, DFID-ESRC Growth Research programme (DEGRP), Co-Principal Investigator, Cross-border interbank market and financial stability, RMB18.09Million, SOAS
    • Bai, Y. 2018, Principal investigator, RMB98,360, The Influence of Information and Personality Traits in Asset Markets, RDF, Xi'an Jiaotong-Liverpool University.
  • Teaching activities

    • ACF317 Investments
  • Courses taught

    • ACF306 Finance and Markets
    • ACF317 Investments
  • Professional memberships

    • 2009-Fellow of Higher Education Academy
  • Telephone

    +86 (0)512 8816 1728
  • Email
  • Address

    International Business School Suzhou
    Xi’an Jiaotong-Liverpool University

    Suzhou Dushu Lake Science and Education Innovation District
    Suzhou Industrial Park