Dr. Xia Le is research fellow in International Monetary Institute at Renmin University of China, and used to be chief economist for Asia at BBVA Research Department. Prior to joining BBVA Research team, Dr. Xia worked for the Treasury Department of Bank of China (Hong Kong). Dr. Xia has extensive interest in economic research, in particular for monetary policy and banking sectors in emerging economies. He has published his works on both academic journals and the international media, including Economic Letters, Asia-Pacific Journal of Accounting & Economics, and Journal of Financial Research; he also writes reviews for Nikkei Asian Review, OMFIF Monthly Bulletin, People’s Daily, and China Daily. He obtained his PhD in Philosophy from the University of Hong Kong and a Master’s degree in Economics from Renmin University of China.