Victor Shih is an associate professor of political economy at the University of California, San Diego and has published widely on the politics of Chinese banking policies, fiscal policies and exchange rates. He was the first analyst to identify the risk of massive local government debt, and is the author of Factions and Finance in China: Elite Conflict and Inflation. Prior to joining UC San Diego, Shih was a professor of political science at Northwestern University and former principal for The Carlyle Group. Shih is currently engaged in a study of how the coalition-formation strategies of founding leaders had a profound impact on the evolution of the Chinese Communist Party. He is also constructing a large database on biographical information of elites in China, and he recently edited a new book, Economic Shocks and Authoritarian Stability.