1. History of Money -- 2. Bitcoin -- 3. Ethereum -- 4. The Emergence of New Blockchains and Crypto-Assets -- 5. The Technology Behind Bitcoin: Blockchain -- 6. Cryptocurrencies -- 7. Stablecoins -- 8. Central Bank Digital Currencies -- 9. Wholesale Central Bank Digital Currencies -- 10. Retail...

How well can a cryptocurrency serve as a means of payment? We study the optimal design of cryptocurrencies and assess quantitatively how well such currencies can support bilateral trade. The challenge for cryptocurrencies is to overcome double-spending by relying on competition to update the...

Shortly after the first financial crisis of globalization (2008-2009), a number of changes started to dominate the financial and banking world. Households and companies were confronted with a series of new rules and procedures aimed at protecting both the banks and the public. In most cases they...