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Credit reversals
Vázquez, Francisco - 2021
This paper studies episodes in which aggregate bank credit contracts alongside expanding economic activity-credit reversals. Using data for 179 countries during 1960-2017, the paper finds that reversals are a relatively common phenomenon--on average, they occur every five years. By comparison,...
Persistent link: https://www.econbiz.de/10012604801
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Beyond Bitcoin : The Economics of Digital Currencies (Chapter 5: Conclusions)
Halaburda, Hanna - 2018
Concluding thoughts and outlook for the future of the technology. For Chapter 1 (Introduction), see "https://ssrn.com/abstract=3135021" https://ssrn.com/abstract=3135021. For Chapter 2 (Means of Exchange: Ever-present Competition), "https://ssrn.com/abstract=3135028"...
Persistent link: https://www.econbiz.de/10012925823
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Crypto-currencies (Beyond Bitcoin, Chapter 4)
Halaburda, Hanna - 2018
In this chapter, we discuss economic aspects of cryptocurrencies. 4.1. The double spending problem 4.2. How does Bitcoin work? Brief overview 4.3. Not the first one – predecessors of Bitcoin 4.4. Problems with Bitcoin (new challenges) 4.5. Competition against other crypto-currencies 4.6....
Persistent link: https://www.econbiz.de/10012925826
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Beyond Bitcoin : The Economics of Digital Currencies and Blockchain Technologies (Chapter 8: Conclusions)
Halaburda, Hanna; Sarvary, Miklos; Haeringer, Guillaume - 2021
Concluding thoughts and outlook for the future of the technologies affording digital currencies, cryptocurrencies, blockchain and smart contracts. For Chapter 1 (Introduction), see https://ssrn.com/abstract=3135021. For Chapter 2 (Means of Exchange: Ever-present Competition), see...
Persistent link: https://www.econbiz.de/10013210788
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Fintech: is this time different? : a framework for assessing risks and opportunities for central banks
Aaron, Meyer; Rivadeneyra, Francisco; Sohal, Samantha - 2017
We investigate the risks and opportunities to the mandates of central banks arising from fintech developments. Fintech may affect the different areas of responsibility of central banks - mainly monetary policy and financial stability - by changing money demand and by changing the industrial...
Persistent link: https://www.econbiz.de/10011689315
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Bitcoin as Asset Class
Trautman, Lawrence J. - 2018
A five cent $0.05 investment in Bitcoin on July 17, 2010, the first date in which there appears to have been a published value had grown to $7,383.39 on July 18, 2018. While Bitcoin as a currency has existed for less than a decade ̶ it had a very limited liquidity and usage during the first few...
Persistent link: https://www.econbiz.de/10012914281
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A Crypto Safe Haven Against Bitcoin
Baur, Dirk G. - 2019
against Bitcoin. We hypothesize that stablecoins provide such a safe haven and analyze high-frequency price changes of the … largest stablecoins. We find that they act as safe havens, and Tether showing the strongest effect. The results demonstrate … that Bitcoin investors seek out stablecoins when Bitcoin experiences extreme negative prices changes. Since stablecoins …
Persistent link: https://www.econbiz.de/10012862454
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Anonymous credentials : secret-free and quantum-safe
Kazmi, Raza Ali; Minwalla, Cyrus - 2023 - Last updated: September 28, 2023
An anonymous credential mechanism is a set of protocols that allows users to obtain credentials from an organization and demonstrate ownership of these credentials without compromising users' privacy. In this work, we construct the first secret-free and quantum-safe credential mechanism. The...
Persistent link: https://www.econbiz.de/10014456631
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The Value of Bitcoin in the Year 2141 (and Beyond!)
Hendrickson, Joshua R.; Luther, William J. - 2021
The emergence of bitcoin poses an important question for monetary theorists: can bitcoin compete with or even replace existing fiat monies? To answer this question, one must be able to determine what gives intrinsically useless monies their value, what determines the coexistence of alternative...
Persistent link: https://www.econbiz.de/10013227942
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Aligning financial systems to meet the needs of citizens and enterprises
Schackmann-Fallis, Karl-Peter; Scheffler, Sonja - In: Vierteljahrshefte zur Wirtschaftsforschung 86 (2017) 1, pp. 69-79
The European Commission's current initiative to commence consultations on the action plan to build a Capital Markets Union is to be welcomed. The objective must be to create a stable and sustainable financial system, providing all households and companies with appropriate access to financial...
Persistent link: https://www.econbiz.de/10011916034