Monthly Archives: October 2018

The Flip Side of Privacy in the Cryptosphere: When Estate Wealth and Data Goes Crypto Forever

By | October 29, 2018

Courtesy of Joanna Diane Caytas When Spanish galleons, and vessels of other nations, sank with tons of gold, jewelry, and artwork, treasures disappeared for centuries. Estimates suggest that up to three million shipwrecks may be littering the ocean floor around the globe, inspiring adventurers (and venture capitalists) who end up in predictable legal disputes over… Read More »

Blockchains and Collaborative Auditing

By | October 25, 2018

Courtesy of Sean Cao, Lin William Cong, and Baozhong Yang Blockchain has taken the central stage of technology innovation in business, and could significantly disrupt traditional corporate governance, industrial organization, payments, and entrepreneurial finance. Given the labor-intensive nature of auditing and the need to improve audit efficiency and quality, there is increased media and industry… Read More »

Fostering Financial Stability with Reverse Convertible Bonds

By | October 24, 2018

Courtesy of Pierre Chaigneau Most financial crises are characterized by a widespread loss of confidence in financial institutions. Charles Kindleberger famously made this point in 1978 in his book “Manias, Panics, and Crashes: A History of Financial Crises.” The mechanisms described in this book remain highly relevant to understand the financial crisis of 2007-2008. In the… Read More »

How Valuable is FinTech Innovation?

By | October 22, 2018

Courtesy of Mark A. Chen, Qinxi Wu, and Baozhong Yang Recently, the rapid development of FinTech, or financial technology, has attracted considerable attention within the finance industry. Many observers have welcomed the rise of FinTech, claiming that it has the potential to radically transform financial services by making them less expensive, more convenient, and more… Read More »

The Revolving Door Comes to Cryptocurrency

By | October 15, 2018

Ask any cryptocurrency company what their biggest challenge is, and they’ll likely tell you “legal and regulatory issues.” The legal and regulatory environment surrounding cryptocurrency is complex, uncertain, and changing by the day. In the U.S., no one agency has sole jurisdiction over cryptocurrency, and different agencies have varied interpretations of what cryptocurrency is (largely… Read More »

The Corrosive Effect of Offshore Financial Centers on Multinational Firms’ Disclosure Strategy

By | October 9, 2018

Courtesy of Walid Ben Amar, Luo He, Tiemei Li, and Michel Magnan Establishing subsidiaries in offshore financial centers (OFCs), such as the Bahamas, Bermuda, and the Cayman Islands, has become increasingly common for multinational corporations. For multinationals headquartered in the U.S., the primary (or at least ostensible) purpose of creating OFC subsidiaries is to reduce taxes.… Read More »