Lan Shi

Senior Financial Economist

Lan Shi

Retail Credit Risk Analysis Division

(202) 649-7924

Lan Shi is a senior financial economist in the Retail Credit Risk Analysis Division within the Economics Department of the Office of the Comptroller of the Currency (OCC). She provides quantitative support to bank examiners in Dodd-Frank Act stress testing (DFAST), model risk management, and allowance for loan and lease Loss (ALLL) examinations.

Her recent research has examined issues in the U.S. financial market, including appraisal inflation, risk-incentive tradeoff in securitization, and the regulatory arbitrage. Her earlier research focused on principal-agent problem under information asymmetry.

She joined OCC in 2013. Prior to that, she has been an assistant professor with the Department of Economics at the University of Washington. She earned her Ph.D. from the Booth School of Business of the University of Chicago.

  1. "The Effect of Mortgage Broker Licensing under the Originate-to-Distribute Model: Evidence from the U.S. Mortgage Market" (joint with Yan (Jenny) Zhang), March 2018, forthcoming, Journal of Financial Intermediation.
  2. "Appraisal Inflation: Evidence from 2009 GSE HVCC Intervention" (joint with Yan (Jenny) Zhang), Journal of Housing Economics, Vol. 27, March 2015, pages 71-90, Special Issue on Housing Finance.
  3. "The Impact of Reversing Regulatory Arbitrage on Loan Originations: Evidence from Mortgage Banking Subsidiaries of Bank Holding Corporations" (Joint with David H. Downs), Journal of Real Estate Finance and Economics, Vol. 50, Issue 3 (2015), pages 307-338.
  4. "The Disciplining Effect of Concern for Referrals: Evidence from Real Estate Agents" (joint with Christina P. Tapia), June 2015, forthcoming at Real Estate Economics
  5. "Respondable Risk and Incentives for CEOs: the Role of Information-collection and Decision-making," Journal of Corporate Finance, Volume 17, Issue 1 (2011), Pages 189-205.
  6. "Incentive Effect of Piece Rate Contracts: Evidence from Two Small Field Experiments," The B.E. Journal of Economic Analysis & Policy Vol. 10, Iss. 1 (2010), Article 61.
  7. "The Limit of Oversight in Policing: Evidence from the 2001 Cincinnati Riot," Journal of Public Economics, Volume 93, Issue 1-2 (2009), Pages 99-113.
  1. "Adverse Selection in Mortgage Servicing Right Transfer Market: Evidence from U.S. Market Post Financial Crisis?" (with Tom Mayock), March 2018, Under Review.
  2. "Leveraged Lending Regulation and Loan Syndicate Structure: A Shift to Non-Banks?" (with Natalya Schenck), January 2018, Under revision for submission.
  3. Sponsor-Underwriter Affiliation and the Performance of Non-Agency Mortgage-Backed Securities" (joint with Peng Liu), October 2016, working paper.