This paper shows the existence of a central bank trilemma. When a central bank is involved
in financial intermediation, either directly through a central bank digital currency (CBDC) or …

We analyze a two-country economy with complete markets, featuring two national currencies
as well as a global (crypto) currency. If the global currency is used in both countries, the …

Throughout the history of monetary thought, economists have predominantly emphasised
the function of money as a medium of exchange along with the intrinsic properties that …

Blockchain is a continuously developing technology that has made digital transactions and
related computing operations more transparent and secure through globally distributed and …

Currency is the fundamental economic technology that makes promises credible among
actors within and across societies. From shells, to metals, to paper, the technology of money …

In recent years, the designs of many new blockchain applications have been inspired by the
Byzantine fault tolerance (BFT) problem. While traditional BFT protocols assume that most …

This paper shows the existence of a central bank trilemma. When a central bank is involved
in financial intermediation, either directly through a central bank digital currency (CBDC) or …

This chapter describes the principles of blockchain, cryptocurrency, and artificial intelligence
(AI) and their applications to the financial sector. We first discuss blockchain, and discuss …

We use an extended joint connectedness technique and the time-varying parameter vector
autoregression (ETVP-VAR) method to examine connections between the ARK FinTech …

This study investigates the transmission channel of information diffusion in the network of
Bitcoin and its six forks using daily closing prices from the start of trading for each one to …