Specialty Conference

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Specialty Conference

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Sep 2020

Infrastructure is essential to alleviate poverty and generate long-term growth in emerging markets and developing counties (EMDEs). Nevertheless, financing of infrastructure in EMDEs is faced with pressure on increasing government deficits, issues of transparency, and high financing cost, as well as...
Keywords: infrastructure finance, Blockchain, asset tokenization, public-private partnerships, emerging markets and developing economies
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Specialty Conference

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Specialty Conference

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Sep 2020

We study the effects of technological change on financial intermediation, distinguishing between innovations in information (data collection and processing) and communication (relationships and distribution). Both follow historic trends towards an increased use of hard information and less in-person...
Keywords: Financial Intermediation, Financial Innovation, FinTech, Information, Communication
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Specialty Conference

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Specialty Conference

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Nov 2018

Initial Coin Offerings (ICOs) have grown substantially in recent years. They involve issuing coins that are recorded on a block-chain. These can be used to purchase the service or good that the firm they finance produces. The coins can be exchanged for currency on cryptocurrency exchanges. Although ...
Keywords: capital raising, cryptocurrencies, financial structure
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Specialty Conference

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Specialty Conference

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Nov 2018

This paper provides a systematic evaluation of the different types of digital currencies. We express skepticism regarding centralized digital currencies and therefore focus our economic analysis on private digital currencies. Specifically, we highlight the potential for private digital currencies to...
Keywords: cryptocurrency, digital currency, Bitcoin, Blockchain
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Specialty Conference

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Specialty Conference

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Nov 2018

Bitcoin introduced digital money without banks. It showed that functions of the financial system could be reliably executed by decentralized networks and in doing so raised the prospect of a new financial system. Almost a decade later, Bitcoin still works despite frequent predictions of its demise b...
Keywords: Bitcoin, digital currency, financial system
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