Staff research

Browse Bank of Canada research by keyword, author, content type, JEL code, theme or date of publication.

Content older than 10 years is available on the Bank’s Open Access Repository.

Receive notification by email whenever new research is added to the website.

Contains

Content Types

Research Themes

JEL Codes

Authors

Published After

Published Before

1 result(s)

Risk-Free Uncollateralized Lending in Decentralized Markets: An Introduction to Flash Loans

Staff discussion paper 2025-6 Jack Mandin
A flash loan is a special type of uncollateralized loan with zero default risk. I document the use for flash loans across major blockchains that are Ethereum-Virtual-Machine-compatible. Flash loans expand access to liquidity, and highly sophisticated actors use them for many practical applications.