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Arbitrage and optimal portfolio choice with financial constraints

Elsinger, Helmut; Summer, Martin - 2001

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Blockchain technology : what is it good for?

Ammous, Saifedean - 2016

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Can cryptocurrencies fulfil the functions of money?

Ammous, Saifedean - 2016

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How can cryptocurrency and blockchain technology play a role in building social and solidarity finance?

Scott, Brett - 2016

The decentralized digital currency Bitcoin - and its underlying "blockchain" technology - has created much excitement … to be tested. This paper provides a primer on the basics of Bitcoin and discusses the existent narratives about the … libertarian political dynamics of some of the technology start-up community that surrounds Bitcoin. As a way of contrast the paper …

Persistent link: https://www.econbiz.de/10011485097

Corporate capture of blockchain governance

Ferreira, Daniel Bernardo Soares; Li, Jin; Nikolowa, … - 2019

We develop a theory of blockchain governance. In our model, the proof-of-work system, which is the most common set of rules for validating transactions in blockchains, creates an industrial ecosystem with specialized suppliers of goods and services. We analyze the two-way interactions between...

Persistent link: https://www.econbiz.de/10011962959

Assessing the impact of central bank digital currency on private banks

Andolfatto, David - 2018

I investigate the theoretical impact of central bank digital currency (CBDC) on a monopolistic banking sector. The framework combines the Diamond (1965) model of government debt with the Klein (1971) and Monti (1972) model of banking. There are two main results. First, the introduction of...

Persistent link: https://www.econbiz.de/10011914306