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This study suggests a payment portfolio model that includes new payment methods that have emerged from the development of cryptocurrency markets and central bank digital currencies (CBDCs). Our model analyzes the optimal payment choice for consumers under various macroeconomic conditions. We...
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This paper studies to what extent the cost of operating a proof-of-work blockchain is intrinsically linked to the cost … and mining costs, and blockchain security outcomes. Using daily crypto market data for 2014-2021 and employing the … autoregressive distributed lag approach - that allows treating all the relevant moments of the blockchain series as potentially …
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