How does stablecoin design affect market behavior in turbulent periods? Stablecoins attempt to maintain a “stable” peg to the US dollar, but do so with wildly varying structural designs. The spectacular collapse of the TerraUSD (UST) stablecoin and linked Terra (LUNA) token in May 2022...

Does the collapse of an exchange-issued digital token spread contagion across cryptocurrency markets? And, if so, how do markets behave when traders can buy and sell assets on the exchange that issued the token but not withdraw their funds? We examine contagion effects across major digital...

How does stablecoin design affect market behavior during turbulent periods? Stablecoins attempt to maintain a "stable" peg to the US dollar, but do so with widely varying structural designs. The spectacular collapse of the TerraUSD (UST) stablecoin and the linked Terra (LUNA) token in May 2022...

This paper examines the impact of reporting delays in off-market trades on informed tradingand information efficiency. We examine this issue using a natural experiment in FTSE futurescontracts provided by the ICE Exchange which eliminated the ability of market participants torequest a reporting...

To what extent does the collapse of a commercial bank spread contagion across cryptocurrency markets? How do markets behave when digital assets remain stuck within the bank and cannot be withdrawn? We use a BEKK model to examine contagion effects across major digital assets during the Silicon...

To what extent does the collapse of a commercial bank spread contagion across cryptocurrency markets? How do markets behave around bankruptcy if digital assets remain stuck within the bank and cannot be withdrawn? We use a BEKK model to examine contagion effects across major digital assets...