Shengxing Zhang - Latest - Bank of Canada
https://www.bankofcanada.ca/rss-feeds/
Bank of Canada RSS Feedsen2024-03-29T00:32:48+00:00Understanding DeFi Through the Lens of a Production-Network Model
https://www.bankofcanada.ca/2023/08/staff-working-paper-2023-42/
We develop a production-network model to capture how decentralized finance (DeFi) has evolved across different sectors of financial services. The model allows us to measure the value added by different DeFi sectors and to study how the connections across the sectors influence token prices.2023-08-15T12:06:06+00:00enUnderstanding DeFi Through the Lens of a Production-Network Model2023-08-15Digital currencies and fintechPayment clearing and settlement systemsStaff Working Paper 2023-42https://www.bankofcanada.ca/wp-content/uploads/2023/08/swp2023-42.pdfUnderstanding DeFi Through the Lens of a Production-Network ModelJonathan ChiuThorsten KoepplHanna YuShengxing ZhangAugust 2023GG2On the Fragility of DeFi Lending
https://www.bankofcanada.ca/2023/02/staff-working-paper-2023-14/
We develop a dynamic model to capture key features of decentralized finance lending. We identify a price-liquidity feedback: the market outcome in any given period depends on agents' expectations about lending activities in future periods, with higher future price expectations leading to more lending and higher prices in that period.2023-02-22T12:31:21+00:00enOn the Fragility of DeFi Lending2023-02-22Digital currencies and fintechFinancial stabilityStaff Working Paper 2023-14https://www.bankofcanada.ca/wp-content/uploads/2023/02/swp2023-14.pdfOn the Fragility of DeFi LendingJonathan ChiuEmre OzdenorenKathy YuanShengxing ZhangFebruary 2023GG0G01G1G10