Zhentong Lu is a Principal Researcher in the Payment System Oversight Division of the Financial Stability Department (FSD). Before joining the Bank, he was an Assistant Professor in the Shanghai University of Finance and Economics. His main research areas are empirical industrial organization, applied econometrics and payment economics.
Staff working papers
Quantifying the Economic Benefits of Payments Modernization: the Case of the Large-Value Payment SystemCanada is undertaking a major initiative to modernize its payments ecosystem. The modernized ecosystem is expected to bring significant benefits to Canadian financial markets and the overall economy. We develop an empirical framework to quantify the economic benefits of modernizing the payment system in Canada.
- “Estimating Demand for Differentiated Products with Zeroes in Market Share Data” (with Amit Gandhi and Xiaoxia Shi), January 2022, forthcoming at Quantitative Economics.
- “Estimating Multinomial Choice Models with Unobserved Choice Sets,” Journal of Econometrics, February 2022.
- “The Effects of Government Licensing on E-Commerce: Evidence from Alibaba” (with Ginger Zhe Jin, Xiaolu Zhou, Chunxiao Li), Journal of Law and Economics, February 2022.
- “Not too much nor too little: Salience bias in mobile plan choices” (with Haofeng Jin, Liqiang Huang and Junsheng Dou), Telecommunications Policy, May 2021.
- “Examining the Impact of Home Purchase Restrictions on China’s Housing Market”, (with Jian Hong and Sisi Zhang), China Economic Review, June 2021.
- “Predicting Payment Migration in Canada”, (with Anneke Kosse and Gabriel Xerri), Journal of Financial Market Infrastructures, March 2021.