Yudong Rao

Research

Evolution of Bilateral Swap Lines (with Michael Perks, Jongsoon Shin, and Kiichi Tokuoka) [link] (being cited by The Economist and The Wall Street Journal)

IMF Working Paper No. 2021/210

Global Pension Reform Database 1952 – 2025: From Narrative to Data Using Large Language Models. (with Boele Bonthuis)

Presented at IMF Fiscal Affairs Department (FAD) Seminar June 2025. Contributed to the Fiscal Monitor, April 2025, Chapter 2.

FHLB as Lender of First Resort: The Good, the Bad and the Ugly. (Solo)

Presented at the Finance Theory Group (FTG) Summer School 2025, University of Washington, Seattle, WA; the AFA PhD Student Poster Session (with travel grant), 2026, Philadelphia, PA; and the Asia Meeting of the Econometric Society 2026, Abu Dhabi, United Arab Emirates.

Contributions to Policy Works

Fund Concessional Financial Support For Low-Income Countries—Responding To The Pandemic., 2021, IMF Policy Paper No. 2021/053

Macroeconomic Developments and Prospects In Low-Income Countries—2021., 2021, IMF Policy Paper No. 2021/020

Eligibility to Use the Fund’s Facilities for Concessional Financing, 2020., 2020, IMF Policy Paper No. 2020/016

Temporary Modification to the Fund's Annual Access Limits, 2020

Temporary Extensions and Modifications of Access Limits in the Fund’s Lending Facilities, 2021

Policy Safeguards for Countries Seeking Access to Fund Financial Support That Would Lead to High Levels of Combined GRA-PRGT Exposure, 2020 

Review of Enhanced Access Limits Under the Rapid Credit Facility and Rapid Financing Instrument, 2020