Yudong Rao
Ph.D. candidate at Washington University in St. Louis
Ph.D. candidate at Washington University in St. Louis
Truth Seeker (Kristin Vestgard)
Yudong Rao
Hi, welcome to my personal website!
I am a Ph.D. candidate in Economics at Washington University in St. Louis, with prior experience at the International Monetary Fund (IMF), where I worked as a PhD Intern in the Expenditure Policy Division of the Fiscal Affairs Department (Summer 2024) and as a Research Analyst in the Lending Division of the Strategy, Policy, and Review Department (2019–2022).
I also build AI research infrastructure for economics and policy, including Swap Line Watch, a public AI agent for monitoring global bilateral currency swap lines and official liquidity ties.
Before my PhD, I also gained experience across several industries, including technology (IBM, 2016), journalism (CGTN America, 2018), and the film industry (Delirio Films, 2016). I completed my undergraduate studies in Accounting at the University of Iowa and earned a master’s degree from the Dyson School of Applied Economics and Management at Cornell University.
My research interests include:
Banking, liquidity, and financial institutions
Insurance, risk transfer, and financial protection
Monetary and international economics
AI agents for financial and policy applications
Digital assets, stablecoins, and payment systems
https://swaplinewatch.com
Evolution of Bilateral Swap Lines (with Michael Perks, Jongsoon Shin, and Kiichi Tokuoka) [link] (being cited by The Economist , The Wall Street Journal, and the IMF Blog in ‘Dollar Dominance and the Rise of Nontraditional Reserve Currencies’) IMF Working Paper No. 2021/210
AI Research Infrastructure Products
Swap Line Watch: Bilateral Currency Swap Lines AI Agent
Live AI Agent: https://swaplinewatch.com
A public-source AI agent and data observatory for tracking bilateral currency swap lines around the world.
Global Pension Reform Database 1952 – 2025: From Narrative to Data with AI. (with Boele Bonthuis)
Presented at IMF Fiscal Affairs Department (FAD) Seminar June 2025. Contributed to the Fiscal Monitor, April 2025.
FHLB as Lender of First Resort: The Good, the Bad and the Ugly. (Solo)
Presented at the 2025 Finance Theory Group (FTG) Summer School, University of Washington, Seattle, WA; the 2026 AFA PhD Student Poster Session, Philadelphia, PA, travel grant recipient; the 2026 Asia Meeting of the Econometric Society, Abu Dhabi, United Arab Emirates; and the 2026 North American Summer Meeting, Atlanta, GA.
Stablecoins, Banks, and Credit. (Solo)