Heng CHEN finished his PhD studies at the University of Zurich in 2010. Before he moved to Switzerland, Heng has also studied at Harvard University, Stockholm University and the Chinese Academy of Social Sciences. Heng specializes in macroeconomics and Chinese Economy. He works intensively on topics related to economic and political crises, such as bank runs, currency attacks and political collective actions, e.g., the driving force and propagation mechanisms of crises. He is also interested in saving behaviors at both household and firm levels. In this line of research, he develops dynamic stochastic general equilibrium models with heterogeneous agents or firms. Heng follows the development of Chinese economy closely and works on various pertinent issues.