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Michael Sockin

Assistant Professor

Department:     Finance

Industry Areas:     Capital Markets, Microfinance, Security Valuation and Analysis

Research Areas:     Capital Markets, Economics, Equilibrium Asset Pricing, Information Economics

Michael Sockin

Michael Sockin is an assistant professor of finance at McCombs School of Business. He received his Ph.D. in Economics from Princeton University in 2015. His research focuses on the intersection between finance, public finance, and macroeconomics, with an emphasis on the real effects of financial market frictions.



Professional Awards

USC Marshall School of Business Trefftzs Award, WFA



Cubist Systematic Strategies Ph.D. Candidate Award for Outstanding Research, WFA



Harold W. Dodds Fellowship, Princeton University



Stuart I. Greenbaum "Ph.D. Outstanding Paper" Award



Performance Excellence Award, FRBNY (also 2009)


Michael Sockin, and Wei Xiong.   Nov 2023.
A Model of Cryptocurrencies. 
Management Science 69(11): 6684-6707

Michael Sockin, and Mindy Z. Xiaolan.  Nov 2023.
Delegated Learning and Contract Commonality in Asset Management.

Review of Finance 27(6): 1931-1975.

Michael Sockin, and Wei Xiong. Feb 2023. Decentralization Through Tokenization. Journal of Finance 78(1): 247-299.

Markus K. Brunnermeier, Michael Sockin, and Wei Xiong. Nov 2022. China's Model of Managing the Financial System. Review of Economic Studies 89(6): 3115-3153.


Zhenyu Gao, Michael Sockin, and Wei Xiong. 2021. Learning About the Neighborhood. Review of Financial Studies 34(9), 4323-4372.


Zhenyu Gao, Michael Sockin, and Wei Xiong. 2020. Economic Consequences of Housing Speculation. Review of Financial Studies 33(11), 5248-5287.


Markus K. Brunnermeier, Michael Sockin, and Wei Xiong. 2017. China's Gradualistic Economic Approach and Financial Markets. American Economic Review 107(5), 608-613.


Michael Sockin and Wei Xiong. 2015. Information Frictions and Commodity Markets. Journal of Finance 70(5), 2063-2098.