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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:
Home Phone: 845-255-1059

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 Unievrsity, 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

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

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-Present Member, Council on Undergraduate Research National

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 2014 Chapter “China’s Shadow Banking Instruments and Risk” in edited volume, Cornell University Press.

Forthcoming 2014 Lessons in Sustainable Development from Malaysia and Indonesia (Pivot book). New (Under Contract) York: Palgrave.

Forthcoming 2014 Lessons in Sustainable Development from Japan and South Korea (Pivot book). New (Under Contract) York: Palgrave.

Forthcoming 2013 Lessons in Sustainable Development from China and Taiwan (Pivot book). New York: (Under Contract) York: Palgrave.

October 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.

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 “Chapter 6: The Great Recession: Unprecedented Economic Challenges (2007-present),”
(under contract) Chapter in Guide to U.S. Economic Policy, eds. Wright and Zeiler, Congressional Quarterly Press.

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.