Neng Wang

Neng Wang

Institution

Columbia University

PhD Year

2002

Email

nw2128@gmail.com

FTG Membership

Senior Member

Featured Work

Jan 1, 2022

Lin William Cong (叢林), Ye Li, Neng Wang | Working Paper No. 00176-00

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

Lin William Cong (叢林), Ye Li, Neng Wang | Working Paper No. 00175-00

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

Patrick Bolton, Ye Li, Neng Wang | Working Paper No. 00178-00

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...