The 2012 Nobel Prize in economics was awarded to Alvin E. Roth and Lloyd S. Shapley for their work on matching problems. Two-sided matching problems, like assigning jobs to workers or dorm rooms to students, can be complicated enough. But sometimes the matching problem can be even more difficult. It may be that…
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Investigating the Impact of Global Stablecoins (I am one of many contributors to this report.)
The economics of distributed ledger technologies for securities settlement with E. Benos and P. Gurrola-Perez (Ledger Journal)
Who Sees the Trades? The Effect of Information on Liquidity in Inter-Dealer Markets with Michael Lee, Antoine Martin and Robert Townsend
An Application of Shapley Value Cost Allocation to Liquidity Savings Mechanisms
Privacy as a Public Good: A Case for Electronic Cash with Maarten van Oordt
Entrepreneurial Incentives and the Role of Initial Coin Offerings with Maarten van Oordt
Journal of Money, Credit and Banking paper with Adam Copeland: Nonlinear Pricing and the Market for Settling Payments
Bitcoin 1, Bitcoin 2, … : An Experiment in Privately Issued Outside Monies with Neil Wallace (Economic Inquiry)
A Proposal for a Decentralized Liquidity Savings Mechanism with Side Payments with Adam Furgal, Dave Hudson and Zhiling Guo (R3 Report)
Centralized Netting in Financial Networks with Peter Zimmerman (Journal of Banking & Finance)
Project Jasper: A Canadian Experiment with Distributed Ledger Technology for Domestic Interbank Payments Settlement (I am one of many contributers to this white paper that elaborates on the BoC FSR article.)
Central Bank Cryptocurrencies with Morten Bech (Bank for International Settlements Quarterly Review)
Project Jasper: Are Distributed Wholesale Payment Systems Feasible Yet? with J. Chapman, S. Hendry, A. McCormack and W. McMahon (Bank of Canada Financial System Review)
CAD-coin versus Fedcoin (R3 Report)