Neng Wang

Institution
Columbia University
PhD Year
2002
nw2128@gmail.com
FTG Membership
Senior Member
Featured Work
Jan 1, 2022
Token-based Platform Finance
We develop a dynamic model of platform economy where tokens serve as a means of payments among platform users and are issued to finance investment in platform productivity. Tokens are...
Jan 1, 2021
Tokenomics: Dynamic Adoption and Valuation
We develop a dynamic asset pricing model of cryptocurrencies/tokens that allows users to conduct peer-to-peer transactions on digital platforms. The equilibrium value of tokens is determined by aggregating heterogeneous users'...
Jan 1, 2020
Dynamic Banking and the Value of Deposits
We propose a theory of banking in which banks cannot perfectly control deposit flows. Facing uninsurable loan and deposit shocks, banks dynamically manage lending, wholesale funding, deposits, and equity. Deposits...