Monthly Archives: November 2018

Can Virtual Currencies Challenge the Dominant Position of Sovereign Currencies?

By | November 30, 2018

Courtesy of Marek Dabrowski[1] and Lukasz Janikowski[2] The short answer is most likely no, at least not in the near future. Despite the relative “success” of Bitcoin and other virtual currencies (VCs) like Ethereum and Ripple, their role in the economy is minimal. On November 27, 2018, the total market capitalization of all VCs was… Read More »

Regulations and Brain Drain: Evidence from Wall Street Star Analysts’ Career Choices

By | November 19, 2018

Courtesy of Yuyan Guan, Congcong Li, Hai Lu, and Franco Wong Sell-side analysts from investment banks have long been suspected of issuing overly optimistic stock research in exchange for investment banking business, especially during the Internet bubble period in the late 1990s. Amongst a series of reforms from 2002 to 2003 to address the conflicts… Read More »

Tokenomics: Crypto-Asset Valuation, Token Design, and the Development of Blockchain Networks

By | November 16, 2018

Courtesy of Lin William Cong, Ye Li, Neng Wang[1] Advances in FinTech and the sharing economy are being driven by the growing demand for peer-to-peer connections that transform how people interact, work, consume, and produce. Although mass-adoption of blockchain faces many hurdles, the technology holds the capacity to create financial architectures which reorganize our society… Read More »

The Unintended Consequences of the 2014 Reform of Money Market Funds

By | November 15, 2018

Courtesy of Ramin Baghai, Mariassunta Giannetti and Ivika Jäger Financial regulation can have far-reaching consequences, some of which may not be intended by the regulator. In a new paper, we trace out the effects of recent money market regulatory reform, which had the objective of increasing the resilience of the US money market industry. We… Read More »

Fintech Lending Risks and Benefits

By | November 14, 2018

Courtesy of Vincent Di Lorenzo Fintech lending, sometimes referred to as online marketplace lending, is lending through digital platforms that often collect and base lending decisions on nontraditional data sources. Underwriting is typically automated and may employ nontraditional credit algorithms. In the consumer and small business credit market, fintech loan originations have experienced an annual… Read More »

Introducing Blockchain-Based Smart Contracts – a Roadmap for Lawmakers

By | November 13, 2018

Courtesy of Jelena Madir The first thing many people think of when they hear the term “smart contract” is a contract that is somehow transposed into computer code and runs without any human intervention.  This misses the mark by a wide margin.  Instead, smart contracts are better thought of as “conditional transactions” because they refer… Read More »

Fintech and Its Importance for the European Union

By | November 12, 2018

Courtesy of Alexandra Andhov Recent technological advancements have disrupted the financial sector by giving rise to new FinTech start-ups and simpler solutions for customers and investors. While these developments raise a number of legal, regulatory and policy issues, I believe that ultimately, FinTech will facilitate greater financial inclusion and cross-jurisdictional service offerings in the European… Read More »