Ye Li

Education

• PhD Columbia University (2017)

Academic Expertise

• asset pricing
• financial institutions
• fintech
• liquidity in the macroeconomy

Selected Publications

Journal Article:

• “Token-based Platform Finance“
  Cong, L., Li, Y., Wang, N., (2022). Journal of Financial Economics, Vol. 144(3), pp. 972-991.

• “Network Risk and Key Players: A Structural Analysis of Interbank Liquidity“
  Denbee, E., Julliard, C., Li, Y., Yuan, K., (2021). Journal of Financial Economics, Vol. 141(3), pp. 831-859. (Lead Article).

• “Tokenomics: Dynamic Adoption and Valuation“
  Cong, L., Li, Y., Wang, N., (2021). Review of Financial Studies, Vol. 34(3), pp. 1105-1155. (Editor's Choice).

Working Papers

• Fragile New Economy: Intangible Capital, Corporate Savings Glut, and Financial Instability, Conditional Accept at the American Economic Review
• The Procyclicality of Intermediated Liquidity, Revise and Resubmit at the Journal of Finance
• Firm Quality Dynamics and the Slippery Slope of Credit Intervention with Li, W., Revise and Resubmit at the Review of Economic Studies
• Dynamic Banking and the Value of Deposits with Bolton, P., Wang, N., Yang, J., Revise and Resubmit at the Journal of Finance