Two recent studies examine the economics of decentralized finance (DeFi) lending protocols. One paper develops interest rate functions that can achieve near-optimal outcomes. The other paper finds that yield-seeking and speculative motives primarily drive user behavior in these platforms.

New research on the relationship between perceived U.S. risk and the convenience yields of U.S. Treasuries. If demand for U.S. Treasuries bonds dried up, which metrics will flash red?

What have we learned from history? A new paper finds a general class of economic models with dividend-paying assets in which asset price bubbles arise in all equilibria.

In a recent BIS paper the concept of Finternet was put forth as a visionary shift towards a more interconnected and technologically advanced financial system.

Brand new study reveals that, contrary to previous understanding, the dynamics of corporate debt play a crucial role in driving the boom-bust growth cycles traditionally attributed to household debt. Plus updated information on the 2024 global credit outlook.

Recent trends in global capital allocation and which financial measures better predict capital flows.

What are the similarities and differences between stablecoins and Money Market Funds. IMF proposes a framework to assess and track systemic risks stemming from crypto assets.

Brand new research highlights how media propagate narratives that can lead to stock market volatility and crashes.

Interesting new research disproves many of the common narratives about crypto investors.