Changrong LU
Economics Associate Professor

Biography
Dr. Lu obtained a Master Degree in Law (Politics and International Relations) from Tongji University and a Ph.D. in Area Studies (Area Studies Department, Graduate School of Asia Pacific Studies) from Waseda University. In recent years, he published more than 20 peer-reviewed academic papers in specialized journals in China, Japan, Europe and the United States on themes such as Japan's East Asian financial cooperation policy and determinants of currency internationalization, five of which are included in the Social Sciences Citation Index (SSCI). Dr. Lu is also in charge of national research projects such as a China National Social Science Fund project (equivalent to Grant-in-Aid for Scientific Research C). In terms of teaching and education, he oversaw modules such as International Organization Theory, International Security, International Relations in the Asia-Pacific, Japanese Politics and Economics, and Sino-Japan Relations. From the perspective of an interdisciplinary approach, he teaches to emphasize not only the transfer of knowledge but also the rationales behind theories, and devise approaches to make students aware of issues related to area studies, policy studies, etc. through critical thinking training and sufficient communication. He believes that the goal of education is to develop talents with independent thinking mindset and critical thinking skills and prepare them for the constantly changing global environment.
Research Interests
International Political Economy
Final Education
Ph.D., Waseda University
Academic Papers
- Changrong LU (2025) How Has the Renminbi’s Role in Non-USD Currency Markets Evolved After COVID-19? An Analysis Based on Spillover Effects. International Journal of Financial Studies 13 (1) :2227-7072
- Changrong LU (2024) Research on safe haven currencies under global uncertainty —A new perception based on the East Asian market. Global Finance Journal :Online ISSN: 1873-5665Print ISSN: 1044-0283
- Changrong LU (2023) The Effect of ESG performance on the stock market during the COVID-19 Pandemic — Evidence from Japan. Economic Analysis and Policy (79) :2204-2296(on line)
- Changrong LU (2023) Rationality of Holding US Dollar Assets Based on Global US Dollar Liquidity Structural Transformation. Journal of International Finance and Economics 23 (1) :1555-6336
- Changrong LU (2022) Spillover effect of the RMB and Non-USD currencies after the COVID-19 pandemic: Evidence captured from 30-minute high frequency data. International Review of Economics and Finance 84(2023) :1059-0560
- Changrong LU (2020) A Study on the Negative Externality of USD Liquidity--Based on the Asset Allocation Efficiency of US Treasury Securities. The Singapore Economic Review (SSCI) 66 (3)
- Changrong LU (2020) The Domestic Politics of the Yen’s Re-internationalisation: Dynamic Interaction and the Core Executive. Asian Studies Review (SSCI, Q1) 45 (3)
- Changrong LU (2020) Empirical study on intra-regional bond investment: an application to East Asia. Asian Pacific Economic Literature(SSCI) 34 (1)
Grants
- (2024) Political Identity and Practices of Bigtech in the Digital Political Space. Japan Society for the Promotion of Science Primary Researcher
Book & Case Publishing
- Lu, Changrong (2021) Japan's ASEAN + 3 regional finance and cooperation policy: new finance and geopolitics in East Asia. Hakuronn Sya