What DAO? Charting Ether's Epic 2017 Price Climb
Ether's price began 2017 below $10, shooting to as high as $800 earlier this month.
View ArticleChina on a Blockchain? Maybe in 2018
China may have moved to ban crypto activities in 2017, but that doesn't mean the country won't be a major player in the year ahead.
View ArticleSaudi Stock Exchange: Allowing Non-Resident Foreigners To Invest In Nomu...
The Saudi stock Exchange (Tadawul) announces that starting from 01/01/2018 Non-Resident Foreign Investors will be allowed to Invest in Nomu - Parallel Market within the Qualified Investors category,...
View ArticleWhere Are All the Quick Wins for Blockchain?
Was 2017 too long-term focused? Entrepreneur Tom Klein believes quick wins are what's needed to bootstrap corporate blockchains in 2018.
View Article2017: A Defining Year for Cryptocurrency Regulation
This Year in Review article look at some of the major regulatory developments from 2017.
View ArticleBitcoin Average Dormancy: A Measure of Turnover and Trading Activity....
Attempts to accurately measure the monetary velocity or related properties of bitcoin used in transactions have often attempted to either directly apply definitions from traditional macroeconomic...
View ArticleForeign Portfolio Investment and Economy: The Network Perspective....
The European Union and Eurozone present an inquisitive case of strongly interconnected network with high degree of dependence among nodes. This research focused on investment network of European Union...
View ArticlePricing variance swaps under Levy process with stochastic volatility and CIR...
This study focuses on the pricing of the variance swap in the financial market where the stochastic interest rate and the volatility of the stock are driven by Cox-Ingersoll-Ross model and Heston model...
View ArticleRethinking Stabilization Policy: Evolution or Revolution? -- by Olivier J....
The obvious lesson from the Great Financial Crisis is that the financial system matters and financial crises will probably happen again. The second, more general, lesson is that the economy is often...
View ArticleFrictional Coordination -- by George-Marios Angeletos
The notion that business cycles are driven by demand shocks is subtle. I first review the conceptual and empirical challenges faced when trying to accommodate this notion in modern, micro-founded,...
View ArticleGlobal Inequality when Unequal Countries Create Unequal People -- by Martin...
Current global inequality measures assume that national-mean income does not matter to economic welfare at given household income, as measured in surveys. The paper questions that assumption on...
View ArticleShould Retail Investors' Leverage Be Limited? -- by Rawley Z. Heimer, Alp Simsek
Does the provision of leverage to retail traders improve market quality or facilitate socially inefficient speculation that enriches financial intermediaries? This paper evaluates the effects of 2010...
View ArticleDo Taxes Increase Economic Inequality? A Comparative Study Based on the State...
I present new quasi-experimental evidence on the relationship between tax policies and the distribution of income. I focus on the twentieth century United States, and on the personal income tax, since...
View ArticleArtificial Intelligence and Its Implications for Income Distribution and...
Inequality is one of the main challenges posed by the proliferation of artificial intelligence (AI) and other forms of worker-replacing technological progress. This paper provides a taxonomy of the...
View ArticleParenthood, Family Friendly Firms, and the Gender Gaps in Early Work Careers...
We consider the role that firm attributes play in accounting for the divergence in the careers of women and men, with the onset of parenthood. We exploit a matched employer-employee data set from...
View ArticleIntermediation as Rent Extraction -- by Maryam Farboodi, Gregor Jarosch,...
We propose a theory of intermediation as rent extraction, and explore its implications for the extent of intermediation, welfare and policy. A frictional asset market is populated by agents who are...
View ArticleCrude Oil Price Differentials and Pipeline Infrastructure -- by Shaun McRae
Crude oil production in the United States increased by nearly 80 percent between 2008 and 2016, mostly in areas that were far from existing refining and pipeline infrastructure. The production increase...
View ArticleAn Historical Perspective on the Quest for Financial Stability and the...
This paper surveys the co-evolution of monetary policy and financial stability for a number of countries across four exchange rate regimes from 1880 to the present. I present historical evidence on the...
View ArticleWeekly Top 5 Papers â January 1, 2018
1. The Games They Will Play: An Update on the Conference Committee Tax Bill by Reuven S. Avi-Yonah (University of Michigan Law School), Lily L. Batchelder (New York University School of Law), J....
View ArticleAl Franken's #MeToo-ish Impending Resignation
We all have nothing but support for the push against sexual harassment. No one would suggest that things can go too far. Though, actually, some think things have with Al Franken, where even front-line...
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