Nancy Ran Tao, Ph.D., is Professor of Economics at the Department of Economics, University of Wisconsin, Whitewater.  She is also a research associate at the Claremont Institute for Economic Policy Studies.  Her areas of specialization include financial economics, banking, industrial organization, game theory, econometrics, and computational economics.

Dr. Tao’s current research focuses on the efficiency of the financial markets.  Her recent research projects and working papers examine the price differentials of cross-listed stocks, peer to peer lending, and credit union lending practices. Her past teaching and research positions include Clinical Assistant Professor at the Department of Economics, Claremont Graduate University, and research associate at the National Development and Reform Commission in Beijing, China.  Dr. Tao received Ph.D. in Economics from Claremont Graduate University and M.Sc. in Operational Research from Lancaster University, United Kingdom.

Dr. Tao’s teaching experience includes Business Statistics (Econ 245) (both traditional and online courses), Principles of Microeconomics (Econ 201) (both traditional and online courses) Industrial Organization and Competitive Strategies (Econ 441) and Game Theory (Econ 442).

Education:

Ph.D., Economics, Claremont Graduate University, Claremont, CA, U.S.A., Sep 2008
M.Sc., Operational Research, Lancaster University, Lancaster, United Kingdom, Sep 2002
B.A. (honors), Business Management, Shandong University, Shandong, China, Jul 2001

1. "From Shanghai to Sydney: Chinese Stock Market Influences on Australia" (with Richard Burdekin). Forthcoming in the Finance Research Letters

2. "Chinese Liquidity Effects on the Australian Macroeconomy" (with Richard Burdekin), Applied Economics February 2020, vol. 52, no. 18, pp. 1973-1985

3. "The Importance of Debt for Household Risky Asset Allocation and Portfolio Structure" (with Yuan Yuan). Lead article in the Financial Services Review, winter 2019, vol. 27, no. 4, pp. 325-344

4. “Bank Deserts in the United States and the Great Recession: Geography and Demographics” (with Russ Kashian and Robert Drago), Journal of Economic Studies 2018, vol. 45, no. 4, pp. 691-709 
5. “An Empirical Examination of Factors Driving the Offshore Renminbi Market” (with Richard Burdekin), China Economic Journal, September 2017, vol. 10, no. 3, pp. 287-304.
6. “A Computational Dynamic Model of Strategic Behavior in the U.S. Retail Banking Markets,” Managerial and Decision Economics, March 2016, vol, 27, no. 3, pp182-194.
7. “Health Benefit Downward Rigidity: Employers’ Responses to Rising Insurance Costs” (with Xuguang Guo), Risk Management and Insurance Review, September 2015, vol. 18, no. 2, pp. 217-241.
8. “Off-balance Sheet Activities and Community Bank Performance” (with Russ Kashian), Journal of Economic Studies, 2014, vol. 41, no. 6, pp.789-807.
9. “Bank Lending Margins in China and the Effects of the June 2012 Liberalization” (with Richard Burdekin), Journal of International Commerce, Economics and Policy, vol. 5, no. 2, May 2014, 19 pages.
10. “China Real Estate Market Performance: Stock Market Linkages, Liquidity Pressures, and Inflationary Effects” (with Richard Burdekin), The Chinese Economy, vol. 47, no. 2, March-April 2014, pp. 5-26.