Dr Li Yang

Selected Publications

Journal Articles

• Li, Anchi, Yian Wei, Yang Li, and Yao Cheng. "Group inspection and maintenance policy design for a heterogeneous multi-component system." Computers & Industrial Engineering Volume 218 (2026): 112140. [ABDC=A]
• Ding, Ding, Yang Li, Poh Ling Neo, Zhiyuan Wang, and Chongwu Xia. "Dynamic Multi-Criteria Portfolio Selection Integrating Transformer-Based Financial Forecasting with Peer-Prediction Trees." Mathematics 14, no. 13 (2026): 2287. [JCR=Q1]
• Ding, Ding, Yang Li, Poh Ling Neo, Zhiyuan Wang, and Chongwu Xia. "Network Effects and Boom–Bust Dynamics in NFT Prices." FinTech 5, no. 2 (2026): 36. [JCR=Q1]
• Lee, David Kuo Chuen and Yang Li. "Blockchain innovation in promoting employment." The Singapore Economic Review Volume 71, No. 06 (2026): 1731-1749. [ABDC=B]
• Zhao, Sangqi, Yian Wei, Yang Li, and Yao Cheng. "An optimal joint maintenance and mission abort policy for a system executing multi-attempt missions." Reliability Engineering & System Safety (Online Published), Volume 266, Part A (2026), 111667. [ABDC=A]
• Wei, Yian, Anchi Li, Yang Li, and Yao Cheng. "An optimal predictive inspection and maintenance policy for a multi-state system: A belief-based SMDP approach." Reliability Engineering & System Safety (Online Published), Volume 265, Part B (2026): 111497. [ABDC=A]
• Zhao, Sangqi, Yian Wei, Yang Li, and Yao Cheng. "A multi-agent reinforcement learning (MARL) framework for designing an optimal state-specific hybrid maintenance policy for a series k-out-of-n load-sharing system." Reliability Engineering & System Safety (Online Published), Volume 265, Part A (2026): 111587. [ABDC=A]
• Ding, Ding, Yang Li, Poh Ling Neo, Zhiyuan Wang, and Chongwu Xia. "Subjective-objective median-based importance technique (SOMIT) to aid multi-criteria renewable energy evaluation." Applied Energy 402 (2025): 126872. [ABDC=A]
• Izumi, Ryuichiro, and Yang Li. "Rapid bank runs and delayed policy responses." Journal of Financial Stability 79 (2025): 101422. [ABDC=A*]
• Izumi, Ryuichiro, and Yang Li. "Financial stability with fire sale externalities." Journal of Money, Credit and Banking (2025): Sep 16. [ABDC=A*]
• Zhao, Sangqi, Yian Wei, Yao Cheng, and Yang Li. "A state-specific joint size, maintenance, and inventory policy for a k-out-of-n load-sharing system subject to self-announcing failures." Reliability Engineering & System Safety 257 (2025): 110855. [ABDC=A]
• Wei, Yian, Anchi Li, Yao Cheng, and Yang Li. "An optimal multi-level inspection and maintenance policy for a multi-component system with a protection component." Computers & Industrial Engineering (2025): 110898. [ABDC=A]
• Nong, Huifu, Ziliang Yu, and Yang Li. "Financial shock transmission in China's banking and housing sectors: A network analysis." Economic Analysis and Policy 82 (2024): 701-723. [ABDC=A]
• Liu, Xiaomeng, Ziliang Yu, and Yang Li. "House price volatility in China: A pervasive pattern with geographic disparity." International Journal of Strategic Property Management 28, no. 1 (2024): 45-63. [ABDC=B]
• Lee, David Kuo Chuen, Yang Li, and Weibiao Xu. "Rewarding honesty: An incentive mechanism to promote trust in blockchain-based e-commerce." The Journal of The British Blockchain Association (2023). [JCR=Q2]
• Lee, David Kuo Chuen, Yang Li, Fan Liu, and Weibiao Xu. "Disclosing Fraud and Subsidizing Arbitration as a Trust Promoting Mechanism: Theory and Evidence from Laboratory Data." The Journal of FinTech 3, no. 01n02 (2023): 2450002.
• Yu, Ziliang, Xiaomeng Liu, Zhuqing Liu, and Yang Li. "Central bank swap arrangements and exchange rate volatility: Evidence from China." Emerging Markets Review 56 (2023): 101044. [ABDC=A]
• Li, Yang. "Liquidity regulation and financial stability." Macroeconomic Dynamics 24, no. 5 (2020): 1240-1263. [ABDC=A]
• Li, Yang. "Interest rates and financial fragility." Journal of Economic Dynamics and Control 82 (2017): 195-205. [ABDC=A*]

Working Papers

• “Crowding out? Real Estate and Long-Term Investments of Chinese Firms” with Wei Jin, Lingmao Kong, Weibiao Xu, Ziliang Yu.
• “Sovereign Leverage, Reserve Backing, and Currency Risk Premia” with Ziliang Yu.
• “Regulating FinTech and Traditional Banks: Cournot Competition, Financial Fragility, and the Regulatory Perimeter” with Ding Ding, Poh Ling Neo, Zhiyuan Wang, Chongwu Xia
• “Ownership, maintenance incentives, and reliability dynamics in electric vehicle charging” with Ding Ding, Poh Ling Neo, Zhiyuan Wang, Bowen Zhou
• “FinTech, Microfinance, and Employment in the Philippines: A Credit-Augmented DMP Model and Evidence from Paleng-QR Ph” with Frediezel G. De Leon, Jianxiang Zhao
• “AI-Amplified Cyber Risk and Strategic Cybersecurity Investment: Network Externalities and Policy Design” with David Kuo Chuen Lee, Frediezel G. De Leon, Jianxiang Zhao

Book Chapters

• Lee, David Kuo Chuen, Yang Li, Chia Mei Shih, and Weibiao Xu. "Smart contracts for promoting trust in blockchain-based e-commerce." In Handbook of Blockchain, Digital Finance, and Inclusion, Volume 3, pp. 67-78. Academic Press, 2025.

Commentaries and Media Interviews Publications

• How private health insurance is driving up healthcare costs, and what should be done about it, “CAN-Today”, November 08, 2025, Link
• Tighter fintech watch likely after Chocolate Finance fallout, “Singapore Business Review”, April 15, 2025, Link
• Channel 8, Interest Rate Trends and Financial Planning, 10/04/2024, Link