Ye Li

University of Pennsylvania - Finance Department

The Wharton School

3620 Locust Walk

Philadelphia, PA 19104

United States

University of Washington - Foster School of Business

Box 353200

Seattle, WA 98195

United States

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

  • University of Pennsylvania - Finance Department

  • University of Washington - Foster School of Business

SCHOLARLY PAPERS

13

DOWNLOADS

13,566

SSRN CITATIONS

602

CROSSREF CITATIONS

84

Scholarly Papers (13)

Actions:
Email selected abstracts
1.

Tokenomics: Dynamic Adoption and Valuation

Downloads 5,045 ( 3,558)
Citation 214

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
Lin William Cong, Ye Li and Neng Wang
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Pennsylvania - Finance Department and Columbia University - Columbia Business School, Finance
Downloads 4,781 (3,841)
Citation 28

Abstract:

Loading...

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 2023
Lin William Cong, Ye Li and Neng Wang
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Pennsylvania - Finance Department and Columbia University - Columbia Business School, Finance
Downloads 264 (222,645)
Citation 3

Abstract:

Loading...

2.

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

Downloads 2,520 (11,046)
Citation 10

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 Pennsylvania - Finance Department and Carnegie Mellon University
Downloads 2,210 (13,370)
Citation 2

Abstract:

Loading...

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 Pennsylvania - Finance Department and Carnegie Mellon University
Downloads 310 (188,321)

Abstract:

Loading...

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

3.

Token-based Platform Finance

Downloads 1,873 (17,714)
Citation 75

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
Lin William Cong, Ye Li and Neng Wang
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Pennsylvania - Finance Department and Columbia University - Columbia Business School, Finance
Downloads 1,831 (18,061)
Citation 6

Abstract:

Loading...

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: 28 Jun 2023
Lin William Cong, Ye Li and Neng Wang
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Pennsylvania - Finance Department and Columbia University - Columbia Business School, Finance
Downloads 42 (813,750)
Citation 71

Abstract:

Loading...

4.

Dynamic Banking and the Value of Deposits

Downloads 649 (79,881)
Citation 8

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, Journal of Finance, Forthcoming
Number of pages: 65 Posted: 10 Jun 2020 Last Revised: 28 Aug 2024
Patrick Bolton, Ye Li, Neng Wang and Jinqiang Yang
Imperial College London, University of Pennsylvania - Finance Department, Columbia University - Columbia Business School, Finance and Columbia University
Downloads 617 (84,002)
Citation 2

Abstract:

Loading...

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 2023
Patrick Bolton, Ye Li, Neng Wang and Jinqiang Yang
Imperial College London, University of Pennsylvania - Finance Department, Columbia University - Columbia Business School, Finance and Columbia University
Downloads 32 (897,252)
Citation 6

Abstract:

Loading...

5.

The Network Structure of Money Multiplier

Charles A. Dice Working Paper No. 2021-22, Fisher College of Business Working Paper No. 2021-03-022, Columbia Business School Research Paper
Number of pages: 71 Posted: 01 Jan 2022 Last Revised: 07 May 2024
Ye Li, Yi Li and Huijun Sun
University of Pennsylvania - Finance Department, Board of Governors of the Federal Reserve System and Columbia University - Columbia Business School
Downloads 643 (81,103)

Abstract:

Loading...

Payment, network, deposits, credit supply, money multiplier, money velocity

6.

Firm Quality Dynamics and the Slippery Slope of Credit Intervention

USC Marshall School of Business Research Paper
Number of pages: 91 Posted: 01 Dec 2020 Last Revised: 04 Sep 2024
Wenhao Li and Ye Li
University of Southern California - Marshall School of Business and University of Pennsylvania - Finance Department
Downloads 601 (88,110)

Abstract:

Loading...

credit intervention, heterogeneous firms, firm quality, central bank, crisis dynamics

7.

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
Edward Denbee, Christian Julliard, Ye Li and Kathy Yuan
Bank of England, London School of Economics & Political Science (LSE) - Department of Finance, University of Pennsylvania - Finance Department and London School of Economics & Political Science (LSE) - Department of Finance
Downloads 506 (109,057)
Citation 26

Abstract:

Loading...

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

8.

Public Liquidity and Intermediated Liquidity

Columbia Business School Research Paper No. 17-106, Fisher College of Business Working Paper No. 2017-03-24, Charles A. Dice Center Working Paper No. 2017-24
Number of pages: 61 Posted: 25 Oct 2017 Last Revised: 28 Nov 2022
Ye Li
University of Pennsylvania - Finance Department
Downloads 495 (111,991)
Citation 7

Abstract:

Loading...

Procyclicality, government debt, liquidity, leverage cycle, reaching for yield, financial instability, slow recovery

9.

Payment Risk and Bank Lending: Reassessing the Bundling of Payment Services and Credit Provision

Fisher College of Business Working Paper No. 2021-03-017, Charles A. Dice Center Working Paper No. 2021-17
Number of pages: 70 Posted: 08 Nov 2021 Last Revised: 11 Jun 2024
Ye Li and Yi Li
University of Pennsylvania - Finance Department and Board of Governors of the Federal Reserve System
Downloads 490 (113,273)

Abstract:

Loading...

Payment, deposits, bank lending, reserves, funding stability, liquidity mismatch JEL classification: E42, E43, E44, E51, E52, G21, G28

10.

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

Columbia Business School Research Paper No. 15-46
Number of pages: 78 Posted: 25 Apr 2015 Last Revised: 23 Mar 2023
Ye Li
University of Pennsylvania - Finance Department
Downloads 342 (170,865)
Citation 7

Abstract:

Loading...

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

11.

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 Pennsylvania - Finance Department and University of Notre Dame - Mendoza College of Business
Downloads 158 (359,331)

Abstract:

Loading...

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

12.

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
Sheila Jiang, Ye Li and Douglas Xu
University of Florida - Department of Finance, Insurance and Real Estate, University of Pennsylvania - Finance Department and University of Florida - Warrington College of Business Administration
Downloads 143 (389,721)

Abstract:

Loading...

Intangible investment, capital heterogeneity, cash holdings, slow recovery

13.

Slicing an Asset to Learn about Its Future: A New Perspective on Return and Cash-Flow Forecasting

Number of pages: 82 Posted: 23 Oct 2023 Last Revised: 27 Jun 2024
Ye Li and Chen Wang
University of Pennsylvania - Finance Department and University of Notre Dame - Mendoza College of Business
Downloads 101 (506,105)

Abstract:

Loading...

state space dimension, cash flow expectations, return predictability, valuation term structure, machine learning