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John C. Chu

Hello, I am excited to welcome you to my website

I am an Australian economist born in China. Chung-Yen Chu is the Wade-Giles romanization and presentation of my name (朱中彦) in Chinese characters. Since becoming an Australian citizen, I have been free on my journey towards the faith of Christianity. John C. Chu is my choice of cultural appreciation. My name in CCP’s pinyin was (Zhongyan Zhu).

I have publications in The Journal of Finance, The Review of Financial Studies, Journal of Financial and Quantitative Analysis, and Management Science. My research papers have won awards, including the William F. Sharpe Award, been presented at academic conferences, including the American Economic Association (AEA), American Finance Association (AFA), and Western Finance Association (WFA), and been featured in news media, including Bloomberg, The Economist, etc. My research proposals have been funded by the Early Career Scheme and The Research Grants Council Hong Kong.

I received my Ph.D. in Finance from Indiana University Bloomington (IUB) and an M.B.A. from the Saïd Business School at the University of Oxford. Joining Monash University in 2016, I was Dean’s Commendation for Excellence in Research in 2020.

What’s new

Updated on December 31, 2023. I have been building a theme-based research portfolio on “reserves” since 2021. Here is the intuition. Reserves are cash. All risk-taking operations generate stochastic income. However, the costs to support risk-taking operations are constant. When income is below expectation, cash must pay the expenses so agents can continue risk-taking. The riskier an operation, the higher the cash an agent must prepare. Reserves are different from the cash in the CAPM model. Five papers are being built in three pillars on three economic agents of entrepreneurs, banks, and households. One working paper is on the banking crisis titled “Bank Asset Problem and Financial Stability”. One working paper is on the debt contract “Balance Rights and Responsibilities in Liquidity Supply and Demand Contracts”. I expect to add three more papers in H1 2024.

Contact
  • Email: john.chu@monash.edu Office: W1007, 20 Chancellors Walk (Menzies Building), Clayton VIC 3168, Australia