Shengxing Zhang

Peking University HSBC Business School

London School of Economics (LSE) - Department of Economics

Assistant Professor

Houghton Street

London WC2A 2AE

United Kingdom

http://https://sites.google.com/site/oo7zsx/

  • Peking University HSBC Business School

  • London School of Economics (LSE) - Department of Economics

SCHOLARLY PAPERS

21

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70

CROSSREF CITATIONS

66

Scholarly Papers (21)

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1.

Endogenous Market Making and Network Formation

Number of pages: 58 Posted: 29 Apr 2015 Last Revised: 03 Aug 2021
Briana Chang and Shengxing Zhang
University of Wisconsin - Madison - Department of Finance, Investment and Banking and Peking University HSBC Business School
Downloads 1,523 (20,849)
Citation 66

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Trading Network, Over-the-Counter Market, Intermediation

2.

Dynamic Asset-Backed Security Design

Downloads 708 (61,612)

Dynamic Asset-Backed Security Design

Number of pages: 65 Posted: 14 Aug 2018 Last Revised: 06 Dec 2022
Emre Ozdenoren, Kathy Yuan and Shengxing Zhang
London Business School, London School of Economics & Political Science (LSE) - Department of Finance and Peking University HSBC Business School
Downloads 708 (60,841)

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Liquidity; Dynamic Price Feedback; Tradable Assets; Security Design; Multiple Equilibria; Self-fulfilling Prices; Financial Fragility; Haircut; Repo; Repo Runs; Credit Crunch; Asset-Backed Security; Collateral; Limited Commitment; Adverse Selection; Market Based Financial Intermediation

3.

Collateral Risk, Repo Rollover and Shadow Banking

Number of pages: 69 Posted: 17 Sep 2014 Last Revised: 31 Oct 2014
Shengxing Zhang
Peking University HSBC Business School
Downloads 599 (76,323)
Citation 5

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Contagion; Liquidity; Bilateral repo market; Collateral risk; Rollover risk; Shadow banking; Financial crisis

4.

Turnover Liquidity and the Transmission of Monetary Policy

Downloads 546 (85,682)
Citation 13

Turnover Liquidity and the Transmission of Monetary Policy

Sloan Foundation Economics Research Paper
Number of pages: 124 Posted: 02 May 2016 Last Revised: 27 Oct 2019
Ricardo Lagos and Shengxing Zhang
New York University (NYU) - Department of Economics and Peking University HSBC Business School
Downloads 523 (89,416)
Citation 8

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Asset prices; Liquidity; Monetary policy; Monetary transmission

Turnover Liquidity and the Transmission of Monetary Policy

NBER Working Paper No. w25106
Number of pages: 56 Posted: 01 Oct 2018 Last Revised: 06 Feb 2022
Ricardo Lagos and Shengxing Zhang
New York University (NYU) - Department of Economics and Peking University HSBC Business School
Downloads 23 (855,774)
Citation 2

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5.

Equilibrium Securitization with Diverse Beliefs

Downloads 435 (112,702)
Citation 5

Equilibrium Securitization with Diverse Beliefs

Number of pages: 41 Posted: 03 Aug 2017 Last Revised: 03 May 2021
Andrew Ellis, Michele Piccione and Shengxing Zhang
London School of Economics - Department of Economics, London School of Economics & Political Science (LSE) - Department of Economics and Peking University HSBC Business School
Downloads 435 (111,551)
Citation 5

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securitization, heterogeneous beliefs, collateral, tranching, pooling

6.

The Limits of Onetary Economics: On Money as a Medium of Exchange in Near-Cashless Credit Economies

Downloads 389 (128,250)
Citation 1

The Limits of Onetary Economics: On Money as a Medium of Exchange in Near-Cashless Credit Economies

Number of pages: 55 Posted: 15 Mar 2018 Last Revised: 27 Oct 2019
Ricardo Lagos and Shengxing Zhang
New York University (NYU) - Department of Economics and Peking University HSBC Business School
Downloads 359 (139,283)

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Asset Prices; Collateral; Credit; Leverage; Liquidity; Margin; Monetary Policy

On Money as a Medium of Exchange in Near-Cashless Credit Economies

NBER Working Paper No. w25803
Number of pages: 84 Posted: 07 May 2019 Last Revised: 03 Jul 2023
Ricardo Lagos and Shengxing Zhang
New York University (NYU) - Department of Economics and Peking University HSBC Business School
Downloads 30 (794,419)
Citation 1

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7.

The Limits of onetary Economics: On Money as a Constraint on Market Power

Downloads 345 (146,566)
Citation 1

The Limits of onetary Economics: On Money as a Constraint on Market Power

Number of pages: 69 Posted: 20 Jun 2019 Last Revised: 13 Sep 2021
Ricardo Lagos and Shengxing Zhang
New York University (NYU) - Department of Economics and Peking University HSBC Business School
Downloads 345 (145,524)
Citation 1

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cashless, credit, liquidity, money, monetary policy, market power

8.

Credit Horizons

Downloads 321 (158,273)

Credit Horizons

Number of pages: 59 Posted: 12 Feb 2021 Last Revised: 22 Apr 2021
Nobuhiro Kiyotaki, John Moore and Shengxing Zhang
Princeton University - Department of Economics, University of Edinburgh - Economics and Peking University HSBC Business School
Downloads 291 (174,473)

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credit horizon, low interest rate, productivity, growth

Credit Horizons

NBER Working Paper No. w28742
Number of pages: 60 Posted: 03 May 2021 Last Revised: 15 Jul 2023
Nobuhiro Kiyotaki, John Moore and Shengxing Zhang
Princeton University - Department of Economics, University of Edinburgh - Economics and Peking University HSBC Business School
Downloads 30 (794,419)

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9.

Monetary Exchange in Over-the-Counter Markets: A Theory of Speculative Bubbles, the Fed Model, and Self-fulfilling Liquidity Crises

Downloads 285 (179,357)
Citation 9

Monetary Exchange in Over-the-Counter Markets: A Theory of Speculative Bubbles, the Fed Model, and Self-fulfilling Liquidity Crises

Number of pages: 89 Posted: 09 May 2014 Last Revised: 20 Sep 2014
Ricardo Lagos and Shengxing Zhang
New York University (NYU) - Department of Economics and Peking University HSBC Business School
Downloads 254 (200,430)
Citation 4

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Money; Liquidity; OTC markets; Asset prices; Fed model; Financial crises

Monetary Exchange in Over-the-Counter Markets: A Theory of Speculative Bubbles, the Fed Model, and Self-Fulfilling Liquidity Crises

NBER Working Paper No. w21528
Number of pages: 90 Posted: 08 Sep 2015 Last Revised: 29 Apr 2023
Ricardo Lagos and Shengxing Zhang
New York University (NYU) - Department of Economics and Peking University HSBC Business School
Downloads 31 (786,177)
Citation 3

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10.

Financial Market Structure and Risk Concentration

Number of pages: 51 Posted: 22 Mar 2021 Last Revised: 05 Aug 2022
Briana Chang and Shengxing Zhang
University of Wisconsin - Madison - Department of Finance, Investment and Banking and Peking University HSBC Business School
Downloads 274 (186,614)
Citation 1

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Network, Over-the-Counter Market, Regulations

11.

Intangibles, Inequality and Stagnation

Number of pages: 47 Posted: 23 Jan 2018
Nobuhiro Kiyotaki and Shengxing Zhang
Princeton University - Department of Economics and Peking University HSBC Business School
Downloads 269 (190,124)
Citation 2

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12.

Safe Assets as Balance Sheet Multipliers

Number of pages: 40 Posted: 24 May 2021 Last Revised: 13 Jul 2021
Emre Ozdenoren, Kathy Yuan and Shengxing Zhang
London Business School, London School of Economics & Political Science (LSE) - Department of Finance and Peking University HSBC Business School
Downloads 224 (227,431)
Citation 1

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Adverse Selection; Collateral; Convenience Yields; Financial Fragility; Narrow banking; QE; Quality-Sensitive Assets; Safe Assets; Safety Premium; Security Design; Shadow Banking.

13.

On the Fragility of DeFi Lending

Number of pages: 55 Posted: 20 Jan 2023
Jonathan Chiu, Emre Ozdenoren, Kathy Yuan and Shengxing Zhang
Bank of Canada, London Business School, London School of Economics & Political Science (LSE) - Department of Finance and Peking University HSBC Business School
Downloads 177 (281,601)

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Decentralized Finance; DeFi, Smart Contracts; Dynamic Price Feedback; Financial Fragility; Adverse Selection; DeFi trilemma, Stability, Efficiency, and Decentralization Tradeoff

14.

The Risk-Taking Channel of Banks' Debt and Monetary Policy

Number of pages: 36 Posted: 14 Aug 2018 Last Revised: 08 May 2021
Stephan Imhof, Cyril Monnet and Shengxing Zhang
ETH Zürich - CER-ETH - Center of Economic Research at ETH Zurich, University of Bern and Peking University HSBC Business School
Downloads 165 (299,056)
Citation 2

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15.

Liquidity Misallocation in an Over-the-Counter Market

Number of pages: 46 Posted: 04 Jan 2016
Shengxing Zhang
Peking University HSBC Business School
Downloads 160 (306,889)
Citation 11

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Screening; Liquidity; Durable good/asset; Over-the-counter markets

16.

Rehypothecation and Liquidity

FRB St. Louis Working Paper No. 2015-3
Number of pages: 39 Posted: 19 Aug 2015 Last Revised: 06 Mar 2019
David Andolfatto, Fernando M. Martin and Shengxing Zhang
Simon Fraser University (SFU) - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of St. Louis and Peking University HSBC Business School
Downloads 121 (382,302)
Citation 1

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rehypothecation, money, collateral, credit relationships

17.

The Role of Firm Factors in Demand, Cost, and Export Market Selection for Chinese Footwear Producers

NBER Working Paper No. w17725
Number of pages: 46 Posted: 06 Jan 2012 Last Revised: 08 Jun 2023
Mark J. Roberts, Daniel Yi Xu, Daniel Yi Xu, XiaoYan Fan and Shengxing Zhang
Pennsylvania State University - College of the Liberal Arts - Department of Economics, Duke University, affiliation not provided to SSRN, affiliation not provided to SSRN and Peking University HSBC Business School
Downloads 45 (668,873)
Citation 7

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18.

A Monetary Model of Bilateral Over-the-Counter Markets

NBER Working Paper No. w25239
Number of pages: 44 Posted: 12 Nov 2018 Last Revised: 19 Jun 2022
Ricardo Lagos and Shengxing Zhang
New York University (NYU) - Department of Economics and Peking University HSBC Business School
Downloads 19 (865,307)
Citation 1

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19.

The Limits of Onetary Economics: On Money as a Latent Medium of Exchange

NBER Working Paper No. w26756
Number of pages: 65 Posted: 18 Feb 2020 Last Revised: 09 Feb 2023
Ricardo Lagos and Shengxing Zhang
New York University (NYU) - Department of Economics and Peking University HSBC Business School
Downloads 17 (884,198)

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20.

Understanding Defi Through the Lens of a Production-Network Model

Number of pages: 37 Posted: 26 Sep 2023
Jonathan Chiu, Thorsten V. Koeppl, Hanna Yu and Shengxing Zhang
Bank of Canada, Queen's University - Department of Economics, University of California, Berkeley and Peking University HSBC Business School
Downloads 16 (893,842)

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Blockchain, Crypto, Decentralized Finance, Production Network

21.

Corruption as Collateral

Posted: 09 Mar 2020
Min Ouyang and Shengxing Zhang
Department of Economics, School of Economics and Management, Tsinghua University and Peking University HSBC Business School

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Corruption, Relationship lending, Strategic defaults