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We examine the role of geopolitical risk in the cross-sectional pricing of cryptocurrencies. We calculate cryptocurrency exposure to changes in the geopolitical risk index and document that coins with the lowest geopolitical beta outperform those with high geopolitical beta. Our findings suggest...
Persistent link: https://www.econbiz.de/10013406340
Blockchain technologies hold the key to building an inclusive global digital economy that is auditably secure and … transparently accountable to the world’s citizens. At a time when governments must fight to restore the public's faith in cross … economy, undermining public trust in international economic institutions, and pushing the most cutting-edge blockchain …
Persistent link: https://www.econbiz.de/10011691344
Persistent link: https://www.econbiz.de/10014446480
The first global blockchain benchmarking study presents a systematic and comprehensive picture of a rapidly evolving … industry, examining how blockchain and distributed ledger technology (DLT) are being used in the public sector and enterprise …
Persistent link: https://www.econbiz.de/10012901027
In modern payment systems that are used today, non-cash payments are predominantly executed by banks, acting as an intermediary between payers and payees, in the form of bank-to-bank (interbank) funds transfers through bank accounts. A fundamental structural change has been introduced to this...
Persistent link: https://www.econbiz.de/10014254884
, blockchain and smart contracts. For Chapter 1 (Introduction), see https://ssrn.com/abstract=3135021. For Chapter 2 (Means of … Rich Land of Crypto), see https://ssrn.com/abstract=3135057. For Chapter 6 (Smart Contracts and Blockchain), see https …
Persistent link: https://www.econbiz.de/10013210788
A frequently employed argument against imposing international sanctions is that rival superpowers are likely to bust sanctions to simultaneously shield the target, harm the sender, and make a profit. We evaluate the legitimacy of this concern by studying the effect of US sanctions on trade flows...
Persistent link: https://www.econbiz.de/10013455721
Since the Age of Discovery, the world has grown integrated economically while remaining disintegrated politically as a … world. Over a longer time horizon, declining trade costs alter trade volumes across states but also incentivize states to … redraw borders, causing states to form, change, and be dissolved. Our model offers rich implications for global geopolitics …
Persistent link: https://www.econbiz.de/10012994954
A frequently employed argument against imposing international sanctions is that rival superpowers are likely to bust sanctions to simultaneously shield the target, harm the sender, and make a profit. We evaluate the legitimacy of this concern by studying the effect of US sanctions on trade flows...
Persistent link: https://www.econbiz.de/10013440047
A frequently employed argument against imposing international sanctions is that rival superpowers are likely to bust sanctions to simultaneously shield the target, harm the sender, and make a profit. We evaluate the legitimacy of this concern by studying the effect of US sanctions on trade flows...
Persistent link: https://www.econbiz.de/10013440377