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:

October 2026: “When Shadow Banks Come Out of the Shadow: Unsecured Retail Funding and Financial Intermediation in Securities Firms” got and R&R at the Journal of Economic Dynamics and Control.

September 2026: “Macro-Financial Impact of Stablecoin’s Demand for Treasuries” is accepted at the Journal of Economic Dynamics and Control.

August 2026: I uploaded a new paper “Chips as Collateral: Vendor Guarantees and Obsolescence Risk in AI Hardware Financing.”

July 2026: I uploaded a new paper “Running to Insurance: The Two Margins of Bank Fragility.”