After the great success of Tokenomics 2019, we are pleased to announce Tokenomics 2020, the 2nd International Conference on Blockchain Economics, Security and Protocols. This year’s conference…
The event will be hosted by Leonid Kogan (MIT) and will include the following presentations: – “The Need for Fees at a DEX: How Increases…
The CBER forum seeks to build a community of academics and experts with an interest in the economics of blockchain. As a starting point, we…
The nascent economic crisis is highlighting the need to rely on creative policy responses. Helicopter money appears to be one of the few untried monetary tool. Central Bank Digital Currencies (CBDCs) based on Distributed Ledger Technologies (DLTs) would provide the optimal infrastructure to implement such stimulus policy.
In a novel model of an endowment economy, we analyze coexistence and competition between traditional fiat money (Dollar) and another intrinsically worthless medium of exchange, not controlled by a central bank, such as Bitcoin. Agents can trade consumption goods in either currency or hold on to currency for speculative purposes….
We analyze a two-country economy with complete markets, featuring two national currencies as well as a global (crypto)currency. If the global currency is used in both countries, the national nominal interest rates must be equal and the exchange rate between the national currencies is a risk-adjusted martingale. We call the…
How organizations have moved from blockchain hype to reality
The impact of blockchain on the dispute management process within the order-to-cash domain.
