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…
Forthcoming Journal of Money, Credit and Banking paper with Adam Copeland: Nonlinear Pricing and the Market for Settling Payments
Economic Inquiry paper with Neil Wallace: Bitcoin 1, Bitcoin 2, … : An Experiment in Privately Issued Outside Monies
Journal of Banking & Finance paper with Peter Zimmerman: Centralized Netting in Financial Networks
Project Jasper: A Canadian Experiment with Distributed Ledger Technology for Domestic Interbank Payments Settlement (I am one of many that contributed to this detailed white paper that elaborates on the BoC FSR article.)
Bank for International Settlements Quarterly Review article with Morten Bech: Central bank cryptocurrencies.
Bank of England working paper with E. Benos and P. Gurrola-Perez: The economics of distributed ledger technologies for securities settlement.
Bank of Canada Financial System Review article with J. Chapman, S. Hendry, A. McCormack and W. McMahon: Project Jasper: Are Distributed Wholesale Payment Systems Feasible Yet?
R3 Public Report: CAD-coin versus Fedcoin