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| 02067cam 2200361zi 4500 |
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| 001 | 9.927604 |
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| 003 | CaOODSP |
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| 005 | 20230920132111 |
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| 006 | m o d f |
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| 007 | cr |n||||||||| |
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| 008 | 230920t20232023oncd ob f|0| 0 eng d |
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| 040 | |aCaOODSP|beng|erda|cCaOODSP |
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| 041 | |aeng|beng|bfre |
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| 043 | |an-cn--- |
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| 086 | 1 |aFB3-5/2023-42E-PDF |
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| 100 | 1 |aChiu, Jonathan, |eauthor. |
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| 245 | 10|aUnderstanding DeFi through the lens of a production-network model / |cby Jonathan Chiu, Thorsten Koeppl, Hanna Yu and Shengxing Zhang. |
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| 264 | 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |c2023. |
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| 264 | 4|c©2023 |
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| 300 | |a1 online resource (ii, 36 pages) : |bcharts. |
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| 336 | |atext|btxt|2rdacontent |
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| 337 | |acomputer|bc|2rdamedia |
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| 338 | |aonline resource|bcr|2rdacarrier |
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| 490 | 1 |aStaff working paper = Document de travail du personnel, |x1701-9397 ; |v2023-42 |
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| 500 | |a"Last updated: August 15, 2023." |
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| 504 | |aIncludes bibliographical references. |
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| 520 | |a"Decentralized finance (DeFi) is composed of a variety of heterogeneous sectors that are interconnected through an input-output network of its tokens. We first use a panel data set to empirically document the evolution of the DeFi network across its different sectors. Instead of looking at the misleading measure of total value locked, we then employ a standard, theoretical production-network model to measure the value added and service outputs of the different DeFi sectors. Finally, based on a calibrated version of our model, we study which factors drive DeFi token prices and predict the equilibrium effects when network interconnectedness increases"--Abstract. |
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| 546 | |aIncludes abstract in French. |
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| 650 | 0|aDigital currency. |
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| 650 | 6|aMonnaie électronique. |
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| 710 | 2 |aBank of Canada, |eissuing body. |
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| 830 | #0|aStaff working paper (Bank of Canada)|v2023-42.|w(CaOODSP)9.806221 |
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| 856 | 40|qPDF|s1.70 MB|uhttps://publications.gc.ca/collections/collection_2023/banque-bank-canada/FB3-5-2023-42-eng.pdf |
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