Ye Li

University of Washington - Foster School of Business

Box 353200

Seattle, WA 98195

United States

http://https://yeli-macrofinance.com/

SCHOLARLY PAPERS

13

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Rank 5,968

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Top 5,968

in Total Papers Downloads

10,266

SSRN CITATIONS
Rank 8,346

SSRN RANKINGS

Top 8,346

in Total Papers Citations

65

CROSSREF CITATIONS

89

Scholarly Papers (13)

1.
Downloads 4,448 ( 3,036)
Citation 33

Tokenomics: Dynamic Adoption and Valuation

Becker Friedman Institute for Research in Economics Working Paper No. 2018-49, Fisher College of Business Working Paper No. 2018-03-015, Charles A. Dice Center Working Paper No. 2018-15, Columbia Business School Research Paper No. 18-62
Number of pages: 76 Posted: 30 Jul 2018 Last Revised: 14 Dec 2020
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Washington - Foster School of Business and Columbia University - Columbia Business School, Finance
Downloads 4,208 (3,264)
Citation 28

Abstract:

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Blockchain, Carry Cost, Convenience Yield, Cryptocurrency, FinTech, Intertemporal Feedback, Means of Payment, Network Externality, Platform, Token

Tokenomics: Dynamic Adoption and Valuation

NBER Working Paper No. w27222
Number of pages: 67 Posted: 26 May 2020 Last Revised: 20 May 2022
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Washington - Foster School of Business and Columbia University - Columbia Business School, Finance
Downloads 240 (177,993)
Citation 3

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Money Creation in Decentralized Finance: A Dynamic Model of Stablecoin and Crypto Shadow Banking

Fisher College of Business Working Paper No. 2020-03-030, Charles A. Dice Center Working Paper No. 2020-30
Number of pages: 78 Posted: 30 Dec 2020 Last Revised: 08 Apr 2022
Ye Li and Simon Mayer
University of Washington - Foster School of Business and University of Chicago - Booth School of Business
Downloads 1,238 (23,290)

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Stablecoin, platforms, regulation, decentralized finance, financial instability

Money Creation in Decentralized Finance: A Dynamic Model of Stablecoin and Crypto Shadow Banking

CESifo Working Paper No. 9260
Number of pages: 75 Posted: 31 Aug 2021
Ye Li and Simon Mayer
University of Washington - Foster School of Business and University of Chicago - Booth School of Business
Downloads 264 (161,963)

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stablecoin, instability, regulation, debasement, big data, payment, collateral, shadow banking

3.
Downloads 1,377 ( 20,153)
Citation 8

Token-based Platform Finance

Fisher College of Business Working Paper No. 2019-03-028, Charles A. Dice Center Working Paper No. 2019-28, Columbia Business School Research Paper Forthcoming
Number of pages: 64 Posted: 29 Oct 2019 Last Revised: 03 May 2021
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Washington - Foster School of Business and Columbia University - Columbia Business School, Finance
Downloads 1,371 (19,932)
Citation 6

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Blockchain, Cryptocurrency, Dynamic Corporate Financing, Durable Goods, Gig Economy, Optimal Token Supply, Time Inconsistency, Token/Coin Offering

Token-Based Platform Finance

NBER Working Paper No. w27810
Number of pages: 64 Posted: 14 Sep 2020 Last Revised: 27 Jun 2022
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Washington - Foster School of Business and Columbia University - Columbia Business School, Finance
Downloads 6 (864,155)
Citation 3

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4.

Fragile New Economy: Intangible Capital, Corporate Savings Glut, and Financial Instability

Columbia Business School Research Paper No. 15-46, Fisher College of Business Working Paper No. 2018-03-019, Charles A. Dice Center Working Paper No. 2018-19
Number of pages: 96 Posted: 25 Apr 2015 Last Revised: 17 Aug 2020
Ye Li
University of Washington - Foster School of Business
Downloads 756 (47,333)
Citation 1

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Intangible Capital, Asset Shortage, Savings Glut, Liquidity Creation, Bubble, Endogenous Risk, Interest rate, Financial Intermediation

5.

Network Risk and Key Players: A Structural Analysis of Interbank Liquidity

Fisher College of Business Working Paper No. 2018-03-011, Charles A. Dice Center Working Paper No. 2018-11, Columbia Business School Research Paper No. 17-6
Number of pages: 76 Posted: 14 Dec 2016 Last Revised: 17 Aug 2020
Bank of England, London School of Economics & Political Science (LSE) - Department of Finance, University of Washington - Foster School of Business and London School of Economics & Political Science (LSE) - Department of Finance
Downloads 410 (101,359)
Citation 26

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financial networks, liquidity, interbank market, payment systems, payment velocity, payment multiplier, key players, systemic risk

6.
Downloads 350 (121,219)
Citation 2

Dynamic Banking and the Value of Deposits

Fisher College of Business Working Paper No. 2020-03-013, Charles A. Dice Working Paper No. 2020-13
Number of pages: 61 Posted: 10 Jun 2020 Last Revised: 23 Sep 2021
Columbia University - Columbia Business School, Economics, University of Washington - Foster School of Business, Columbia University - Columbia Business School, Finance and Columbia University
Downloads 344 (122,725)
Citation 2

Abstract:

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Deposits, Dynamic Banking, Q-Theory, Risk Management, Financial Constraint, Supplementary Leverage Ratio, Low Interest Rate, Inside Money, Payment

Dynamic Banking and the Value of Deposits

NBER Working Paper No. w28298
Number of pages: 61 Posted: 04 Jan 2021 Last Revised: 28 Apr 2022
Columbia University - Columbia Business School, Economics, University of Washington - Foster School of Business, Columbia University - Columbia Business School, Finance and Columbia University
Downloads 6 (864,155)
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7.

Government Debt and Bank Leverage Cycle: An Analysis of Public and Intermediated Liquidity

Fisher College of Business Working Paper No. 2017-03-24, Columbia Business School Research Paper No. 17-106, Charles A. Dice Center Working Paper No. 2017-24
Number of pages: 61 Posted: 25 Oct 2017 Last Revised: 20 Aug 2020
Ye Li
University of Washington - Foster School of Business
Downloads 319 (133,773)
Citation 7

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Inside money, liquidity management, procyclical leverage, government debt, slow recovery, intertemporal feedback

8.

Firm Quality Dynamics and the Slippery Slope of Credit Intervention

USC Marshall School of Business Research Paper, Fisher College of Business Working Paper No. 2020-03-028, Proceedings of Paris December 2021 Finance Meeting EUROFIDAI - ESSEC, Charles A. Dice Working Paper No. 2020-28
Number of pages: 92 Posted: 01 Dec 2020 Last Revised: 18 Jul 2022
Wenhao Li and Ye Li
University of Southern California - Marshall School of Business and University of Washington - Foster School of Business
Downloads 265 (161,979)

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heterogeneous firms, firm distribution, credit intervention, liquidity facility, unconventional monetary policy, collateral, limited commitment, corporate liquidity management, disaster, financial crises, Covid-19 pandemic

9.

Rediscover Predictability: Information from the Relative Prices of Long-Term and Short-Term Dividends

Fisher College of Business Working Paper No. 2018-03-016, Charles A. Dice Center Working Paper No. 2018-16, Paris December 2018 Finance Meeting EUROFIDAI - AFFI
Number of pages: 69 Posted: 14 Feb 2018 Last Revised: 17 Oct 2018
Ye Li and Chen Wang
University of Washington - Foster School of Business and University of Notre Dame - Mendoza College of Business
Downloads 244 (175,615)
Citation 5

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return predictability, cash flow predictability, dividend strip price, ICAPM, time-varying expected return

10.

Payment Risk and Bank Lending

Fisher College of Business Working Paper No. 2021-03-017, Charles A. Dice Center Working Paper No. 2021-17
Number of pages: 60 Posted: 08 Nov 2021 Last Revised: 05 Jan 2022
Ye Li and Yi Li
University of Washington - Foster School of Business and Board of Governors of the Federal Reserve System
Downloads 200 (211,726)

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Credit supply, deposits, payment, inside money, monetary policy transmission

11.

Bank Credit and Money Creation on Payment Networks: A Structural Analysis of Externalities and Key Players

Fisher College of Business Working Paper No. 2021-03-022, Charles A. Dice Working Paper No. 2021-22, Columbia Business School Research Paper
Number of pages: 88 Posted: 01 Jan 2022 Last Revised: 18 Jul 2022
Ye Li, Yi Li and Huijun Sun
University of Washington - Foster School of Business, Board of Governors of the Federal Reserve System and Columbia University - Columbia Business School
Downloads 186 (225,672)

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Credit supply, inside money, payment, network, externalities, systemic risk

12.

Delegation Uncertainty

Columbia Business School Research Paper No. 15-54, Fisher College of Business Working Paper No. 2018-03-022, Charles A. Dice Center Working Paper No. 2018-22
Number of pages: 71 Posted: 25 Apr 2015 Last Revised: 27 Nov 2018
Ye Li and Chen Wang
University of Washington - Foster School of Business and University of Notre Dame - Mendoza College of Business
Downloads 122 (316,637)

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Model Uncertainty, Delegated Portfolio Management, Ambiguity Premium, Heterogeneous Belief, Cross-Sectional Asset Pricing

13.

The Persistent Effects of Financial Crises on the Composition of Real Investment

Fisher College of Business Working Paper No. 2021-03-19, Charles A. Dice Center Working Paper No. 2021-19
Number of pages: 78 Posted: 16 Nov 2021 Last Revised: 01 Jun 2022
University of Florida - Department of Finance, Insurance and Real Estate, University of Washington - Foster School of Business and University of Florida - Warrington College of Business Administration
Downloads 87 (395,700)

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Intangible investment, capital heterogeneity, cash holdings, slow recovery