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Hoai-Luu Q.  Nguyen  - Haas School of Business, University of California, Berkeley. Berkeley, CA, US

Hoai-Luu Q. Nguyen Hoai-Luu Q.  Nguyen

Assistant Professor | Haas School of Business, University of California, Berkeley


Areas of Expertise (4)

Small Business Lending

Local Credit Markets


Financial Access


Hoai-Luu Nguyen is an Assistant Professor in the Real Estate Group at Berkeley Haas. She graduated with a PhD in Economics from MIT in 2015, and a B.Sc. in Economics with a minor in Mathematics from MIT in 2007. Prior to graduate school, she was an Assistant Economist at the Federal Reserve Bank of New York. Her research focuses on small business lending and consumer credit markets.

Education (2)

Massachusetts Institute of Technology: PhD, Economics

Massachusetts Institute of Technology: BS, Economics, Minor in Mathematics

Honors & Awards (3)

Legatum Center Fellowship


MIT Economics Department Fellowship


Phi Beta Kappa


Positions Held (1)

At Haas since 2015

2016 – present, Assistant Professor, Real Estate Group, Haas School of Business
2015 – 2016, Postdoctoral Fellow, Fisher Center for Real Estate and Urban Economics, Haas School of Business
2007 – 2010, Assistant Economist, Federal Reserve Bank of New York

Media Appearances (3)

Bank of America, other banks retooling their branches

The Boston Globe  


Hoai-Luu Q. Nguyen, an assistant business professor at the University of California at Berkeley, said she hasn’t walked into a bank branch in a decade, but for some consumers, particularly small businesses, they are crucial.

Nguyen’s research has found that access to business loans for small firms declines sharply and persists for several years after a branch closes, even if there’s another one around the corner, because so much of that lending depends on relationships built over time.

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Banking Deserts, Branch Closings, and Soft Information

Liberty Street Economics  


U.S. banks have shuttered nearly 5,000 branches since the financial crisis, raising concerns that more low-income and minority neighborhoods may be devolving into “banking deserts” with inadequate, or no, mainstream financial services.

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A surprising way bank mergers can devastate poor neighborhoods



When banks merge, they often close branches in an effort to cut costs and eliminate redundancies. When regulators scrutinize these closures to look for the public interest, they typically focus on the idea of avoiding "bank deserts," where residents would lack convenient access to a branch of any bank. Yet since the idea of branch closures is generally to reduce redundancy, they frequently pass regulatory muster.

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Selected Papers & Publications (4)

Are Credit Markets Still Local? Evidence from Bank Branch Closings American Economic Journal: Applied Economics

Hoai-Luu Q. Nguyen


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Do Credit Market Shocks Affect the Real Economy? Quasi-Experimental Evidence from the Great Recession and ‘Normal’ Economic Times NBER Working Paper No. 20704

Hoai-Luu Q. Nguyen, Michael Greenstone, Alexandre Mas


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Hedge Fund Tail Risk Quantifying Systemic Risk

Hoai-Luu Q. Nguyen, Tobias Adrian, and Markus K. Brunnermeier


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The Global Financial Crisis and Offshore Dollar Markets Current Issues in Economics and Finance

Hoai-Luu Q. Nguyen, Niall Coffey, Warren B. Hrung, and Asani Sarka