Assistant Professor of Economics, Department of Economics
Shengxing Zhang
Affiliated Faculty in other LSE Departments
Assistant Professor of Economics, Department of Economics, LSE
Assistant Professor of Economics, Department of Economics, LSE
We develop a dynamic model of DeFi lending that incorporates the following key features: 1) borrowing and lending are decentralized, anonymous...
Borrowers obtain liquidity by issuing securities backed by current period payoff and resale price of a long-lived collateral asset. They are privately...
This paper proposes a theory of intermediation in which intermediaries emerge endogenously as the choice of agents. In contrast to the previous...