This paper studies optimal monetary policy in a small open economy under flexible prices. The paper's key innovation is to analyze this question in the context of environments where only a fraction of agents participate in asset market transactions (i.e., asset markets are segmented). In this...

Blockchain technology is part of the 4th industrialrevolution of Industry and has generated a lot of potential for stakeholders and endusers. From Bitcoin and Ethereum, to the third-generation of blockchains, thetechnology has transformed the digital landscape in many industrial sectors....