Ye Li
- Assistant Professor of Finance and Business Economics William W. Alberts Endowed Professor
Education
- PhD Columbia University (2017)
Academic Expertise
- asset pricing
- financial institutions
- fintech
- liquidity in the macroeconomy
Selected Publications
Firm Quality Dynamics and the Slippery Slope of Credit Intervention, with Wenhao Li, forthcoming at the Review of Economic Studies
Dynamic Banking and the Value of Deposits, with Patrick Bolton, Neng Wang, Jinqiang Yang, the Journal of Finance (2025)
Fragile New Economy: Intangible Capital, Corporate Savings Glut, and Financial Instability, the American Economic Review (2025)
Network Risk and Key Players: A Structural Analysis of Interbank Liquidity, with Ed Denbee, Christian Julliard, Kathy Yuan, the Journal of Financial Economics (Lead Article) Volume 141, Issue 3 (2021)
Tokenomics: Dynamic Adoption and Valuation, with William Cong, Neng Wang, the Review of Financial Studies (Editor’s Choice) Volume 34 Issue 3 (2021)
Token-based Platform Finance, with William Cong, Neng Wang, the Journal of Financial Economics (2022)
Public Liquidity and Intermediated Liquidity, revise and resubmit the Journal of Finance (2022)
Information-Concealing Credit Architecture, with Gary Gorton, Guillermo Ordoñez (2025)
Data as a Networked Asset, with Bo Bian, Qiushi Huang, Huan Tang (2024)
Money Creation in Decentralized Finance: A Dynamic Model of Stablecoin and Crypto Shadow Banking, with Simon Mayer (2022)
Working Papers
- The Procyclicality of Intermediated Liquidity, Revise and Resubmit at the Journal of Finance
- Payment Risk and Bank Lending with Li, Y.
- The Network Structure of Money Multiplier with Li, Y. and Sun, H.
- Slicing an Asset to Learn about Its Future: A New Perspective on Return and Cash-Flow Forecasting, with Wang, C.
- The Network Structure of Data Economy, with Bian, B., Huang, Q., and Tang H.