[go: up one dir, main page]
create a website
Decentralized lending and its users: Insights from Compound. (2022). Saengchote, Kanis.
In: Papers.
RePEc:arx:papers:2212.05734.

Full description at Econpapers || Download paper

Cited: 4

Citations received by this document

Cites: 41

References cited by this document

Cocites: 50

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

  1. The Technology of Decentralized Finance (DeFi). (2023). Auer, Raphael ; Victor, Friedhelm ; Saggese, Pietro ; Kitzler, Stefan ; Haslhofer, Bernhard.
    In: BIS Working Papers.
    RePEc:bis:biswps:1066.

    Full description at Econpapers || Download paper

  2. .

    Full description at Econpapers || Download paper

  3. Decentralized Finance (DeFi): Transformative Potential & Associated Risks. (2022). Swem, Nathan ; Carapella, Francesca.
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:2022-57.

    Full description at Econpapers || Download paper

  4. Reap the Harvest on Blockchain: A Survey of Yield Farming Protocols. (2022). Feng, Yebo ; Xu, Jiahua.
    In: Papers.
    RePEc:arx:papers:2210.04194.

    Full description at Econpapers || Download paper

References

References cited by this document

  1. Acemoglu, D., Ozdaglar, A., & Tahbaz-Salehi, A. (2015). Systemic risk and stability in financial networks. American Economic Review, 105(2), 564-608.

  2. Aramonte, S., Doerr, S., Huang, W., & Schrimpf, A. (2022). DeFi lending: intermediation without information? (No. 57). Bank for International Settlements.
    Paper not yet in RePEc: Add citation now

  3. Aramonte, S., Huang, W., & Schrimpf, A. (2021). DeFi risks and the decentralisation illusion. BIS Quarterly Review, December 2021.

  4. Arner, D. W., Auer, R., & Frost, J. (2020). Stablecoins: risks, potential and regulation. (No. 905). Bank for International Settlements.

  5. Baele, L., Bekaert, G., Inghelbrecht, K., & Wei, M. (2020). Flights to safety. The Review of Financial Studies, 33(2), 689-746.
    Paper not yet in RePEc: Add citation now
  6. Bartoletti, M., Chiang, J. H. Y., & Lafuente, A. L. (2021, March). SoK: lending pools in decentralized finance. In International Conference on Financial Cryptography and Data Security (pp. 553-578). Springer, Berlin, Heidelberg.
    Paper not yet in RePEc: Add citation now
  7. Benmelech, E., & Bergman, N. K. (2009). Collateral pricing. Journal of Financial Economics, 91(3), 339-360.
    Paper not yet in RePEc: Add citation now

  8. Brunnermeier, M. K., James, H., & Landau, J. P. (2019). The digitalization of money (No. w26300). National Bureau of Economic Research.

  9. Carapella, F., Dumas, E., Gerszten, J., Swem, N., & Wall, L. (2022). Decentralized Finance (DeFi): Transformative Potential & Associated Risks.
    Paper not yet in RePEc: Add citation now

  10. Castro-Iragorri, C., Ramirez, J., & Velez, S. (2021). Financial intermediation and risk in decentralized lending protocols. arXiv preprint arXiv:2107.14678.

  11. Cong, L. W., & He, Z. (2019). Blockchain disruption and smart contracts. The Review of Financial Studies, 32(5), 1754-1797.

  12. Cong, L. W., Li, Y., & Wang, N. (2021). Tokenomics: Dynamic adoption and valuation. The Review of Financial Studies, 34(3), 1105-1155.

  13. Dang, T. V., Gorton, G., & Holmström, B. (2020). The information view of financial crises. Annual Review of Financial Economics, 12, 39-65.

  14. Diamond, D. W. (1984). Financial intermediation and delegated monitoring. The Review of Economic Studies, 51(3), 393-414.

  15. Dijk, O. (2017). Bank run psychology. Journal of Economic Behavior & Organization, 144, 8796.

  16. Gorton, G., & Pennacchi, G. (1990). Financial intermediaries and liquidity creation. The Journal of Finance, 45(1), 49-71.

  17. Grassi, L., Lanfranchi, D., Faes, A., & Renga, F. M. (2022). Do we still need financial intermediation? The case of decentralized finance–DeFi. Qualitative Research in Accounting & Management. Vol. 19 No. 3, pp. 323-347.
    Paper not yet in RePEc: Add citation now

  18. Gryglewicz, S., Mayer, S., & Morellec, E. (2021). Optimal financing with tokens. Journal of Financial Economics, 142(3), 1038-1067.

  19. Gudgeon, L., Werner, S., Perez, D., & Knottenbelt, W. J. (2020). Defi protocols for loanable funds: Interest rates, liquidity and market efficiency. In Proceedings of the 2nd ACM Conference on Advances in Financial Technologies (pp. 92-112).

  20. Harvey, C. R., Ramachandran, A., & Santoro, J. (2021). DeFi and the Future of Finance. John Wiley & Sons.
    Paper not yet in RePEc: Add citation now
  21. John, K., O’Hara, M., & Saleh, F. (2022). Bitcoin and beyond. Annual Review of Financial Economics, 14, 95-115.
    Paper not yet in RePEc: Add citation now

  22. Juelsrud, R. E. (2021). Deposit concentration at financial intermediaries. Economics Letters, 199, 109719.

  23. Kashyap, A. K., Rajan, R., & Stein, J. C. (2002). Banks as liquidity providers: An explanation for the coexistence of lending and deposit‐taking. The Journal of Finance, 57(1), 33-73.

  24. Kiss, H. J., Rodriguez-Lara, I., & Rosa-Garcia, A. (2022). Preventing (panic) bank runs. Journal of Behavioral and Experimental Finance, 100697.

  25. Klages-Mundt, A., Harz, D., Gudgeon, L., Liu, J. Y., & Minca, A. (2020, October). Stablecoins 2.0: Economic foundations and risk-based models. In Proceedings of the 2nd ACM Conference on Advances in Financial Technologies (pp. 59-79).
    Paper not yet in RePEc: Add citation now
  26. Kozhan, R., & Viswanath-Natraj, G. (2021). Decentralized Stablecoins and Collateral Risk. WBS Finance Group Research Paper.
    Paper not yet in RePEc: Add citation now

  27. Lee, J., Li, T., & Shin, D. (2022). The wisdom of crowds in fintech: Evidence from initial coin offerings. The Review of Corporate Finance Studies, 11(1), 1-46.

  28. Lehar and Parlour (2021) show how a small pool can have wild swings in prices that are out-of-sync with other trading venues, but the price difference diminishes as pool size grows, but Park (2021) argues that it gives rise to sandwich attacks similar to front-running that that increase the cost of trading and threaten the long-term viability of the DeFi eco-system.
    Paper not yet in RePEc: Add citation now
  29. Lehar, A., & Parlour, C. A. (2021). Decentralized exchanges. SSRN Working Paper.
    Paper not yet in RePEc: Add citation now
  30. Li, J., & Mann, W. (2018). Digital tokens and platform building. SSRN working Paper.
    Paper not yet in RePEc: Add citation now

  31. Li, Y., & Mayer, S. (2021). Money creation in decentralized finance: A dynamic model of stablecoin and crypto shadow banking. Fisher College of Business Working Paper, (202003) , 030.

  32. McLeay, M., Radia, A., & Thomas, R. (2014). Money creation in the modern economy. Bank of England Quarterly Bulletin, Q1.
    Paper not yet in RePEc: Add citation now
  33. McLeay, M., Radia, A., & Thomas, R. (2014). Money in the modern economy: an introduction. Bank of England Quarterly Bulletin, Q1.
    Paper not yet in RePEc: Add citation now
  34. Nakamoto, S. (2008). Bitcoin: A peer-to-peer electronic cash system.
    Paper not yet in RePEc: Add citation now
  35. Park, A. (2021). The conceptual flaws of constant product automated market making. Available at SSRN Working Paper.
    Paper not yet in RePEc: Add citation now
  36. Perez, D., Werner, S. M., Xu, J., & Livshits, B. (2020). Liquidations: DeFi on a Knife-edge. arXiv preprint arXiv:2009.13235.
    Paper not yet in RePEc: Add citation now
  37. Saengchote (2021a). A DeFi Bank Run: Iron Finance, IRON Stablecoin, and the Fall of TITAN. Puey Ungphakorn Institute for Economic Research Discussin Paper No. 155.
    Paper not yet in RePEc: Add citation now
  38. Saengchote (2021b). Where do DeFi stablecoins go? A closer look at what DeFi composability really means. Puey Ungphakorn Institute for Economic Research Discussin Paper No. 156.
    Paper not yet in RePEc: Add citation now

  39. Saengchote, K., Putniņš, T., & Samphantharak, K. (2022). Does DeFi remove the need for trust? Evidence from a natural experiment in stablecoin lending. arXiv preprint arXiv:2207.06285.

  40. Schär, F. (2021). Decentralized finance: On blockchain-and smart contract-based financial markets. FRB of St. Louis Review.
    Paper not yet in RePEc: Add citation now
  41. The bonding curve is a function of quantities of tokens available in the pool, so large transactions will result in price slippage. A self-stabilizing bonding curve should generate relative token prices that make the token type in low supply prohibitively expensive to acquire (and vice versa). When the relative price in a pool is different from other trading venues, arbitrageurs can act to restore price parity. One popular example of a bonding curve is the constant product function (?? = ?) where ? and ? are quantities of two tokens in a pool and ? is a constant. For given quantities ? and ?, the exchange rate is the ratio of the two tokens. This function was first suggested by Vitalik Buterin (co-founder of the Ethereum blockchain) in a blog post in 2016,35 and further developed by Hayden Adams into Uniswap protocol in 2018.
    Paper not yet in RePEc: Add citation now

Cocites

Documents in RePEc which have cited the same bibliography

  1. How connected is the global sovereign credit risk network?. (2020). Yilmaz, Kamil ; Bostanci, Gorkem.
    In: Journal of Banking & Finance.
    RePEc:eee:jbfina:v:113:y:2020:i:c:s0378426620300285.

    Full description at Econpapers || Download paper

  2. CoMap: Mapping Contagion in the Euro Area Banking Sector. (2019). Kok, Christoffer ; Covi, Giovanni ; Gorpe, Mehmet Ziya.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2019/102.

    Full description at Econpapers || Download paper

  3. Time-Varying General Dynamic Factor Models and the Measurement of Financial Connectedness. (2019). Soccorsi, Stefano ; Hallin, Marc ; Barigozzi, Matteo.
    In: Working Papers ECARES.
    RePEc:eca:wpaper:2013/283963.

    Full description at Econpapers || Download paper

  4. Contagion in Financial Networks: A Threat Index. (2018). Demange, Gabrielle.
    In: Post-Print.
    RePEc:hal:journl:halshs-01630616.

    Full description at Econpapers || Download paper

  5. The Macroeconomic Impact of Microeconomic Shocks: Beyond Hultens Theorem. (2017). Farhi, Emmanuel ; Baqaee, David.
    In: 2017 Meeting Papers.
    RePEc:red:sed017:479.

    Full description at Econpapers || Download paper

  6. Privacy-constrained network formation. (2017). Acemoglu, Daron ; Makhdoumi, Ali ; Ozdaglar, Asuman ; Malekian, Azarakhsh.
    In: Games and Economic Behavior.
    RePEc:eee:gamebe:v:105:y:2017:i:c:p:255-275.

    Full description at Econpapers || Download paper

  7. Systemic illiquidity in the interbank network. (2017). Liu, Zijun ; Langfield, Sam ; Ferrara, Gerardo ; Ota, Tomohiro .
    In: Bank of England working papers.
    RePEc:boe:boeewp:0586.

    Full description at Econpapers || Download paper

  8. Peer Monitoring, Eigentümerstruktur und die Stabilität von Banken: Eine empirische Analyse für den deutschen genossenschaftlichen Bankensektor. (2016). Gunther, Susanne .
    In: Arbeitspapiere.
    RePEc:zbw:wwuifg:167.

    Full description at Econpapers || Download paper

  9. The Consequences of Bank Loan Growth: Evidence from Asia. (2016). Vithessonthi, Chaiporn.
    In: PIER Discussion Papers.
    RePEc:pui:dpaper:19..

    Full description at Econpapers || Download paper

  10. Are Banking Shocks Contagious? Evidence from the Eurozone. (2016). Flavin, Thomas ; Lagoa-Varela, Dolores .
    In: Economics, Finance and Accounting Department Working Paper Series.
    RePEc:may:mayecw:n268-16.pdf.

    Full description at Econpapers || Download paper

  11. Crisis Transmission in the Global Banking Network. (2016). Hale, Galina ; Minoiu, Camelia ; Kapan, Tumer.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2016/091.

    Full description at Econpapers || Download paper

  12. Defaulting firms and systemic risks in financial networks. (2016). Houy, Nicolas ; Jouneau, Frederic .
    In: Working Papers.
    RePEc:hal:wpaper:halshs-01267340.

    Full description at Econpapers || Download paper

  13. Defaulting firms and systemic risks in financial networks. (2016). Houy, Nicolas ; Jouneau, Frederic .
    In: Working Papers.
    RePEc:gat:wpaper:1606.

    Full description at Econpapers || Download paper

  14. Volatility and correlation-based systemic risk measures in the US market. (2016). Civitarese, Jamil .
    In: Physica A: Statistical Mechanics and its Applications.
    RePEc:eee:phsmap:v:459:y:2016:i:c:p:55-67.

    Full description at Econpapers || Download paper

  15. A financial network perspective of financial institutions’ systemic risk contributions. (2016). Yao, Shuang ; Uryasev, Stan ; Zhuang, Xin-Tian .
    In: Physica A: Statistical Mechanics and its Applications.
    RePEc:eee:phsmap:v:456:y:2016:i:c:p:183-196.

    Full description at Econpapers || Download paper

  16. Systemic risk among European banks: A copula approach. (2016). Kleinow, Jacob ; Moreira, Fernando.
    In: Journal of International Financial Markets, Institutions and Money.
    RePEc:eee:intfin:v:42:y:2016:i:c:p:27-42.

    Full description at Econpapers || Download paper

  17. The credit quality channel: Modeling contagion in the interbank market. (2016). Fink, Kilian ; Wong, Lui-Hsian ; Meller, Barbara ; Kruger, Ulrich .
    In: Journal of Financial Stability.
    RePEc:eee:finsta:v:25:y:2016:i:c:p:83-97.

    Full description at Econpapers || Download paper

  18. Overnight interbank markets and the determination of the interbank rate: A selective survey. (2016). Green, Christopher ; Tiriongo, Samuel ; Maana, Isaya ; Ngoka, Kethi ; Murinde, Victor ; Bai, YE.
    In: International Review of Financial Analysis.
    RePEc:eee:finana:v:44:y:2016:i:c:p:149-161.

    Full description at Econpapers || Download paper

  19. Network structure analysis of the Brazilian interbank market. (2016). Tabak, Benjamin ; Silva, Thiago ; Stancato, Sergio Rubens.
    In: Emerging Markets Review.
    RePEc:eee:ememar:v:26:y:2016:i:c:p:130-152.

    Full description at Econpapers || Download paper

  20. Credit risk spillover between financials and sovereigns in the euro area during 2007-2015. (2016). Vergote, Olivier.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20161898.

    Full description at Econpapers || Download paper

  21. Implicit rating: A potential new method to alert crisis on the interbank lending market. (2016). Berlinger, Edina.
    In: Corvinus Economics Working Papers (CEWP).
    RePEc:cvh:coecwp:2016/04.

    Full description at Econpapers || Download paper

  22. On the Economics of Crisis Contracts. (2016). Gersbach, Hans ; Volker, Britz ; Elias, Aptus .
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:11267.

    Full description at Econpapers || Download paper

  23. Financial Regulation in Europe: Foundations and Challenges. (2016). Carletti, Elena ; Beck, Thorsten ; Goldstein, Itay.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:11147.

    Full description at Econpapers || Download paper

  24. Financial Linkages, Portfolio Choice and Systemic Risk. (2016). Goyal, Sanjeev ; Galeotti, Andrea ; Ghiglinoy, Christian .
    In: Cambridge Working Papers in Economics.
    RePEc:cam:camdae:1612.

    Full description at Econpapers || Download paper

  25. Equity Markets’ Clustering and the Global Financial Crisis. (2016). Martínez, Constanza ; León, Carlos ; Martinez, Constanza ; Kim, Geun-Young ; Leon, Carlos ; Lee, Daeyup.
    In: Borradores de Economia.
    RePEc:bdr:borrec:937.

    Full description at Econpapers || Download paper

  26. Structure and Dynamics of the Global Financial Network. (2016). Tabak, Benjamin ; Silva, Thiago ; Stancato, Sergio Rubens.
    In: Working Papers Series.
    RePEc:bcb:wpaper:439.

    Full description at Econpapers || Download paper

  27. Modeling Financial Networks: a feedback approach. (2016). Tabak, Benjamin ; Silva, Thiago ; da Silva, Michel Alexandre.
    In: Working Papers Series.
    RePEc:bcb:wpaper:438.

    Full description at Econpapers || Download paper

  28. A Microfounded Design of Interconnectedness-Based Macroprudential Policy. (2016). Fique, Jose.
    In: Staff Working Papers.
    RePEc:bca:bocawp:16-6.

    Full description at Econpapers || Download paper

  29. Can banks default overnight? Modeling endogenous contagion on O/N interbank market. (2016). Arendarski, Piotr ; Gubiec, Tomasz ; Ochnicki, Piotr ; Wili, Mateusz ; Smaga, Pawel.
    In: Papers.
    RePEc:arx:papers:1603.05142.

    Full description at Econpapers || Download paper

  30. The formation of a core periphery structure in heterogeneous financial networks. (2016). van der Leij, Marco ; Hommes, Cars ; In, D.
    In: CeNDEF Working Papers.
    RePEc:ams:ndfwpp:16-07.

    Full description at Econpapers || Download paper

  31. Too interconnected to fail: A survey of the interbank networks literature. (2015). Hüser, Anne-Caroline ; Huser, Anne-Caroline.
    In: SAFE Working Paper Series.
    RePEc:zbw:safewp:91.

    Full description at Econpapers || Download paper

  32. The credit quality channel: Modeling contagion in the interbank market. (2015). Fink, Kilian ; Wong, Lui-Hsian ; Meller, Barbara ; Kruger, Ulrich .
    In: Discussion Papers.
    RePEc:zbw:bubdps:382015.

    Full description at Econpapers || Download paper

  33. The Econometrics of Networks: A Review. (2015). Ahelegbey, Daniel Felix.
    In: Working Papers.
    RePEc:ven:wpaper:2015:13.

    Full description at Econpapers || Download paper

  34. Surfing through the GFC: systemic risk in Australia. (2015). Luciani, Matteo ; Dungey, Mardi ; Veredas, David ; Matei, Marius.
    In: Working Papers.
    RePEc:tas:wpaper:22658.

    Full description at Econpapers || Download paper

  35. Contagion in Financial Networks. (2015). Glasserman, Paul ; Young, Peyton.
    In: Economics Series Working Papers.
    RePEc:oxf:wpaper:764.

    Full description at Econpapers || Download paper

  36. Economic resilience: The usefulness of early warning indicators in OECD countries. (2015). Röhn, Oliver ; Hermansen, Mikkel ; Rohn, Oliver.
    In: OECD Economics Department Working Papers.
    RePEc:oec:ecoaaa:1250-en.

    Full description at Econpapers || Download paper

  37. Economic resilience: A new set of vulnerability indicators for OECD countries. (2015). Röhn, Oliver ; Rohn, Oliver ; Rasmussen, Morten ; Hermansen, Mikkel ; Sanchez, Aida Caldera.
    In: OECD Economics Department Working Papers.
    RePEc:oec:ecoaaa:1249-en.

    Full description at Econpapers || Download paper

  38. Contagion Risk and Network Design. (2015). Goyal, Sanjeev ; Cerdeiro, Diego ; Dziubinski, Marcin .
    In: Working Papers.
    RePEc:fem:femwpa:2015.56.

    Full description at Econpapers || Download paper

  39. Network games with incomplete information. (2015). Zenou, Yves ; de Marti, Joan.
    In: Journal of Mathematical Economics.
    RePEc:eee:mateco:v:61:y:2015:i:c:p:221-240.

    Full description at Econpapers || Download paper

  40. Information, Coordination, and Market Frictions: An Introduction. (2015). Vives, Xavier ; Pavan, Alessandro.
    In: Journal of Economic Theory.
    RePEc:eee:jetheo:v:158:y:2015:i:pb:p:407-426.

    Full description at Econpapers || Download paper

  41. Connecting the dots: Econometric methods for uncovering networks with an application to the Australian financial institutions. (2015). Panchenko, Valentyn ; Anufriev, Mikhail.
    In: Journal of Banking & Finance.
    RePEc:eee:jbfina:v:61:y:2015:i:s2:p:s241-s255.

    Full description at Econpapers || Download paper

  42. Transmission channels of systemic risk and contagion in the European financial network. (2015). Paltalidis, Nikos ; Koutelidakis, Yiannis ; Kizys, Renatas ; Gounopoulos, Dimitrios.
    In: Journal of Banking & Finance.
    RePEc:eee:jbfina:v:61:y:2015:i:s1:p:s36-s52.

    Full description at Econpapers || Download paper

  43. Interconnectedness of the banking sector as a vulnerability to crises. (2015). Rancan, Michela ; Peltonen, Tuomas ; Sarlin, Peter.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20151866.

    Full description at Econpapers || Download paper

  44. Conflict and Networks. (2015). Goyal, Sanjeev ; Dziubinski, Marcin ; Vigier, Adrien.
    In: Cambridge Working Papers in Economics.
    RePEc:cam:camdae:1565.

    Full description at Econpapers || Download paper

  45. Contagion Risk and Network Design. (2015). Goyal, Sanjeev ; Cerdeiro, Diego ; Dziubinski, Marcin .
    In: Cambridge Working Papers in Economics.
    RePEc:cam:camdae:1547.

    Full description at Econpapers || Download paper

  46. Networks and the macroeconomy: an empirical exploration. (2015). Acemoglu, Daron ; Kerr, William R ; Akcigit, Ufuk.
    In: Research Discussion Papers.
    RePEc:bof:bofrdp:urn:nbn:fi:bof-201512101464.

    Full description at Econpapers || Download paper

  47. Networks and the macroeconomy: an empirical exploration. (2015). Kerr, William ; Akcigit, Ufuk ; Acemoglu, Daron.
    In: Research Discussion Papers.
    RePEc:bof:bofrdp:2015_025.

    Full description at Econpapers || Download paper

  48. Network Structure Analysis of the Brazilian Interbank Market. (2015). Tabak, Benjamin ; Silva, Thiago ; Sergio Rubens Stancato de Souza, .
    In: Working Papers Series.
    RePEc:bcb:wpaper:391.

    Full description at Econpapers || Download paper

  49. Network Games with Incomplete Information. (2014). Zenou, Yves ; de Martí Beltran, Joan ; de Marti, Joan.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:10290.

    Full description at Econpapers || Download paper

  50. Key Players. (2014). Zenou, Yves.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:10277.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2024-12-19 13:03:39 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Sponsored by INOMICS. Last updated October, 6 2023. Contact: CitEc Team.