Sang Rae Kim

경희대학교 경제학과 김상래

I am an Assistant Professor in the Department of Economics at College of Politics and Economics, Kyung Hee University.

I earned my PhD in Economics from Yale University in 2023.

Research Interests:

• Financial economics

• Macroeconomics

• Economics of cryptocurrency and fintech

My work has been featured on media outlets like The Economist, Bloomberg and MarketWatch.

Email: s.kim (at) khu.ac.kr or sangkim.econ (at) gmail.com

News:

September 2025: I uploaded a new paper “What Happens When Stablecoins Are Introduced? Evidence from Short-Term Funding Market.”

May 2025: I uploaded a new paper “Macro-Financial Impact of Stablecoin’s Demand for Treasuries.”

April 2025: I uploaded a new paper “When Shadow Banks Come Out of the Shadow: Unsecured Retail Funding and Financial Intermediation in Securities Firms.”

November 2024: My solo-authored paper “Bank Opacity and Safe Asset Moneyness” is available as a online preview at the Journal of Money, Credit, and Banking.