Jennie Bai is an associate professor in Georgetown University, also a faculty research fellow in National Bureau of Economic Research (NBER). Her research focuses on credit risk and liquidity risk in banking and the fixed-income market. She has published articles in Journal of Finance, Review of Financial Studies, Journal of Financial Economics, Journal of Financial and Quantitative Analysis. Before joining Georgetown, she is an economist at the Federal Reserve Bank of New York. Currently she serves as Advisory Council Member in the Board of Governors of the Federal Reserve. She received her Ph.D. from the University of Chicago.