Results 61 to 70 of about 2,257 (219)
Coalition Formation for Sustainable Blockchain Governance: Insights From the Hedera Case
ABSTRACT Sustainable governance is essential for blockchain networks to achieve widespread adoption and deliver long‐term business value. Prior blockchain initiatives indicate that inadequate governance structures often lead to limited adoption or eventual project failure, underscoring the importance of decentralised governance for building resilient ...
Christophe Viguerie, Horst Treiblmaier
wiley +1 more source
Markov Determinantal Point Process for Dynamic Random Sets
ABSTRACT The Law of Determinantal Point Process (LDPP) is a flexible parametric family of distributions over random sets defined on a finite state space, or equivalently over multivariate binary variables. The aim of this paper is to introduce Markov processes of random sets within the LDPP framework. We show that, when the pairwise distribution of two
Christian Gouriéroux, Yang Lu
wiley +1 more source
Can Central Bank Digital Currencies Promote the Internationalization of Currencies?
ABSTRACT Using multinational data (2000–2023), this study employed system GMM and fixed‐effects models to examine CBDC's impact on currency internationalization through a framework measuring ‘market acceptance’ and ‘policy drive.’ The results indicated that CBDC advancement significantly promotes currency internationalization.
Haodong Gu
wiley +1 more source
Cryptocurrency Bubbles and Costly Mining
ABSTRACT This paper develops a model of a cryptocurrency by incorporating mining into the otherwise standard search‐theoretic monetary framework. As usual, multiple equilibria exist. To obtain a sharp prediction on whether a cryptocurrency' s value will last in the future, I propose a notion of equilibrium refinement based on the feature that mining ...
Kohei Iwasaki
wiley +1 more source
Best Before? Expiring Central Bank Digital Currency and Loss Recovery
Abstract Physical cash enables payments in the absence of electricity or network coverage. Such offline payment functionality promotes the operational resilience and, particularly in developing countries, the accessibility of payments. Central banks are exploring issuing digital cash substitutes with similar offline payment functionality.
CHARLES M. KAHN +2 more
wiley +1 more source
The optimal quantity of CBDC in a bank-based economy
We provide evidence on the estimated effects of digital euro news on bank valuations and lending and find that they depend on deposit reliance and design features aimed at calibrating the quantity of CBDC.
Montes-Galdón, Carlos +3 more
core +1 more source
Central Bank Digital Currency, Monetary Policy, And Macroeconomy: Evidence From Indonesia
This paper studies the impact of a universally accessible interest-bearing Central Bank Digital Currency (CBDC) on macroeconomic stability and monetary policy in Indonesia.
Syahid Izzulhaq +2 more
doaj +1 more source
Modulated excitation spectroscopy with phase‐sensitive detection (MES‐PSD) combined with operando EPR spectroscopy revealed that the nature of the reducing agent in the assisted N2O decomposition over Fe‐SSZ‐13 determines which Fe centers undergo reversible redox cycling, and the nature of the rate‐limiting step.
Jörg W. A. Fischer +6 more
wiley +1 more source
Environmental Implications of a Central Bank Digital Currency (CBDC)
Two-thirds of central banks in the East Asia and Pacific (EAP) region have started researching or testing the implementation of a Central Bank Digital Currency (CBDC). At the same time, the region accounts for
Park, Jinhee, Lee, Soohyang
core +1 more source
Federal Reserve System's attitude to CBDC
Using Content Analysis, this Master's thesis aims to answer the question of why the Federal Reserve System is delaying the introduction of a central bank digital currency (CBDC).
Slabý, Jiří
core +1 more source

