Results 41 to 50 of about 224 (173)
Auditing Tokenomics: A Case Study and Lessons from Auditing a Stablecoin Project
Tokenomics is a vital part of any blockchain project. It is the study of how crypto tokens are used within the ecosystem, their role in the project, and how they are designed to incentivize certain behaviors. There are many ways that crypto tokens can be
Stylianos Kampakis
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Abstract Using newly collected discount rate data for six Swiss cities from 1846 to 1893, we find no evidence of increasing integration during a 30‐year period of lightly regulated free banking. We attribute this to two structural issues: banks had incentives to ward off competitors by protecting their local monopolies or forming cartels, and there was
Daniel Kaufmann, Rebecca Stuart
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Abstract The future of money is a crucial issue in the digital age, and the emergence of central bank digital currencies (CBDCs) is widely recognised as a transformative development. However, despite its significant implications for monetary sovereignty, regulatory governance and strategic autonomy, we know relatively little about the political ...
Sebastian Heidebrecht
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Equilibrium Reward for Liquidity Providers in Automated Market Makers
ABSTRACT We find the equilibrium contract that an automated market maker (AMM) offers to their strategic liquidity providers (LPs) in order to maximize the order flow that gets processed by the venue. Our model is formulated as a leader–follower stochastic game, where the venue is the leader and a representative LP is the follower.
Alif Aqsha +2 more
wiley +1 more source
ABSTRACT ‘Bottom‐up nationalism’—the belief that the nation is of the people, by the people and for the people—can serve as a powerful collective action frame for mass mobilization. We study the evolution of Tunisian dinar banknote iconography as an indicator of the institutionalization of bottom‐up nationalism before and after the Jasmine Revolution ...
Jacques E. C. Hymans, Chloe Bernadaux
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Global Taxonomy of Stablecoins
As stablecoins address the challenges of price stability in the cryptocurrency market, this paper provides a comprehensive taxonomy of stablecoins, categorizing them based on governance, value, and design dimensions. Our study aims to enrich the ongoing discourse in digital currency and provide insights into the future trajectory of stablecoins in ...
Christophe Lebrun +4 more
openaire +1 more source
ABSTRACT Forecasting cryptocurrency prices remains challenging due to extreme volatility, regime‐dependent dynamics, and unstable cross‐asset correlations. Statistical methods such as ARIMA and GARCH assume stationarity and linear dependence structures, making them inadequate for capturing non‐linear temporal patterns in high volatile cryptocurrency ...
Huali Zhao +2 more
wiley +1 more source
Monetary policy and central banks faced significant challenges in recent decades, like the Great Recession and the 2008–2009 financial crisis, and the Global Inflation Surge of 2021–2022.
Pythagoras Petratos, Brian Baugus
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After the Hype: Resilience Seeking in Emerging Technology Ecosystems
ABSTRACT Academic Summary Hype often helps emerging technology ecosystems gain early support for their innovative value propositions, but the initial excitement around the technology typically vanishes at some point. This decrease in excitement and support may lead some ecosystems to fail while others are resilient and recover.
Fiona Schweitzer +2 more
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
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