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Bitcoin was conceptualized in response to perceived shortcomings in the monetary and financialsystem, not only related to large financial institutions but also to discretionary decision makingin monetary policy. Using high-frequency data and a weekly proxy VAR model, I study theimpact of...
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Although blockchain technology and cryptocurrencies have grown in popularity over the past years, there does not seem … blockchain provides is commitment. I develop a model of an entrepreneur, who can create a network for her users. She can decide … network with a decentralized implementation through the blockchain. Users that join the network are subject to a locked …
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