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Name: Sara Hsu
Academic Rank: Assistant Professor
Department: Economics

Expertise Keywords: Asian economic development, Chinese economy, Development, Inequality, informal and underground finance, shadow banking

Available For: interviews, essays, speaking

Expertise: PhD in Economics from the University of Utah BA from Wellesley College

Currrent Research: Chinese economy, Asian economic development, informal and underground finance, shadow banking, urbanization in China

Contact Information

E-mail Address:

Other Information

Positions held at New Paltz prior to current position:
Adjunct Professor at St. Edward's University in Austin, University of Texas at San Antonio
Visiting Assistant Professor at Trinity University, San Antonio


University of Utah 2003-2006 PhD 2006 Economics
Wellesley College 1993-1997 BA 1997 Art


2012, Scholar and Recipient of Taiwan Fellowship, Research on sustainable development in Taiwan at National Sun Yat-Sen University in Kaohsiung

2011 - Present, Investigator, National Natural Science Foundation, China, Research on Modeling the Shadow Credit Market in China

2005 Eccles Fellowship, to fund excellent dissertation research

Other professional activities

2014 - Present Reviewer, Journal of Economic Issues International
2014 - Present Reviewer, Economic Modeling International
2014 - Present Member, Speakers Academy International
2014 - Present Reviewer, Antipode International
2013 - Present Member, China Speakers Bureau International
2013 - Present Member, National Committee on US-China Relations International
2013 - Present Blogger, Triple Crisis website International
2013 - Present Consultant, Guide Point Global Hong Kong
2013 - Present Consultant, Gerson Lehrman Group National
2013 - Present Reviewer, The Socio-Economic Review International
2013 - Present Reviewer, The Social Science Journal International
2013 - Present Reviewer, Land Use Policy Journal International
2013 - Present Reviewer, Small Business Economics Journal International
2013 - Present Reviewer, Edward Elgar Books International
2013 - Present Reviewer, Palgrave Macmillan International
2012 - Present Committee Chair, Association for Evolutionary Economics International
2012 - Present Reviewer, China Quarterly International
2011 - Present Reviewer, Crime, Law and Social Change International
2011 - Present Reviewer, Journal of Peace, Gender and Development Studies International
2011 - 2012 Newsletter Editor, IAFFE International
2011 - 2012 Board Member, IAFFE Membership Committee International
2010 - Present Reviewer, European Journal of Health Economics International
2010 - Present Fellow, Economists for Peace and Security International
2009 - Present Reviewer, Journal of Current Chinese Affairs International
2009 - Present Member, International Association for Feminist Economics International
2009 - Present Member, NAACP National
2009 - Present Member, Southern Economic Association National
2008 - Present Owner, Economics of Crisis Website International
2007 - Present Researcher, University of Texas Inequality Project Austin, TX
2007 - Present Member, Chinese Women Economists (CCER, Peking Univ) China
2007 - Present Member, American Economic Association International
2006 - Present Member, Gender and Macro International Working Group International


Refereed Publications

-Forthcoming 2015 Development in China, India and Japan: Three Economic Success Stories (book). Northampton, MA: Edward Elgar.
-Forthcoming 2014 “Shadow Banking in China: Institutional Risks,” with Jianjun Li and Yanzhi Qin in China Economic Review.
-Forthcoming 2014 Chapter “Shadow Banking Systems in the United States and China,” with Jianjun Li, in edited volume, Challenges to Financial Stability - Perspective, Models and Policies, ASERS Publishing, ed. Renata Karkowska.
-Forthcoming 2014 Chapter “China’s Shadow Banking Instruments and Risk” in edited volume, Cornell University Press, ed. Anastasia Nesvetailova.
-Forthcoming 2014 Lessons in Sustainable Development from Malaysia and Indonesia (Pivot book). New York: Palgrave.
-May 2014 Lessons in Sustainable Development from Japan and South Korea (Pivot book). New York: Palgrave.
-October 2013 Lessons in Sustainable Development from China and Taiwan (Pivot book). New York: Palgrave.
-November 2013 Impacts of Financial Crisis and Post Crisis Policies on China: A Gendered
Analysis, with Yan Liang, Chapter in Gender Perspectives and Gender Impacts of the Global Economic Crisis, ed. Rania Antonopoulos, New York: Routledge.
-June 2013 Financial Crises, 1929 to 2009 (book). Northampton, MA: Edward Elgar. Positively reviewed in the Journal of Economic Literature 52(1): 227-229.
-September 2012 "Development and Legitimacy of Chinese Informal Finance", with Nikos Passas and Jianjun Li. The Pacific Review.
-July 2012 “Increasing Damage of Man-Made Crises: Financial Crises and Global Instability” Journal of Economic Issues.
-August 2011 “A New Framework for Sustainable Development in US Healthcare Section: The Case of the Lower Rio Grande Valley Medicaid Project”, With Pablo Rhi-Perez and Mostafa Malki, in International Journal of Trade and Global Markets.
-August 2010 “The Crisis’ Impact on China’s Rural Migrants” with Shiyin Jiang and Halcott Heyward. In Journal of Current Chinese Affairs - China Aktuell.
-August 2009 "Informal Finance in China: Chinese and American Perspectives", ed. with Jianjun Li, New York: Oxford University Press. Author, Chapter 1, Introduction, and Chapter 7, "Is Informal Finance Faster, Cheaper, Better than Formal Finance? A Study of Small and Medium Enterprises in Shanghai and Nanjing."
-July 2009 “Employment Impacts of a 'Green' Energy Transition in China” with Shelley Nauss, China Economic Journal 2(2).
-June 2009 “The Beijing Bust” with James Galbraith and Wenjie Zhang, Journal of Current Chinese Affairs - China Aktuell, Volume 2.

Un-Refereed Publications

-Forthcoming 2014 “Shadow Banking: Peril or Promise?” in A Changing China, ed. China Speakers Bureau. Amherst, MA: Trombly International.
-October 2014 “Chapter 6: The Great Recession: Unprecedented Economic Challenges (2007-present),” Chapter in Guide to U.S. Economic Policy, eds. Wright and Zeiler, Congressional Quarterly Press.
-November 2013 “In China, Change-and Uncertainty-Are in the Air,” in Real World Globalization, eds. Dollars and Sense, Boston, MA: Dollars and Sense (13th Edition).
-August 2012 “美国金融体系、大萧条和投机蔓延.” Xinjiang University of Finance and Economics Journal.
-May 2012 “Chinese Shadow Financial System,” (In Chinese) with Jianjun Li, Chinese National Social Science Foundation Report.
-March 2012 “Invisible Finance: Black and Gray: Introduction,” chapter contributed and Guest Editor for Special Issue of Crime, Law and Social Change.
-January 2012 “Informal Finance and Economic Deepening in China.” In Special Issue of The Chinese Economy.
-July 2010 “Trade Policy in the Post-Neoliberal Era” with James Galbraith, chapter in UN World Economic and Social Survey 2010.
-December 2009 “Political and Policy Regimes: 1963-2000" background paper for “Wealth and Income Inequality,” with James Galbraith, Olivier Giovannoni, and Hyun Kum, chapter in Flagship Report on Poverty, New York: UNRISD.