In just a few years, central banks have rapidly ramped up their research and development
efforts on central bank digital currencies (CBDCs). A growing body of economic research …

Blockchain is a modern technology that has revolutionized the way society interacts and
trades. It could be defined as a chain of blocks that stores information with digital signatures …

A currency's essential feature is to be a medium of exchange. This study explores the
potential of cryptocurrencies to be used in daily transactions in El Salvador, the first country …

We establish that cryptocurrency returns are driven and can be predicted by factors that are
specific to cryptocurrency markets. Cryptocurrency returns are exposed to cryptocurrency …

We find that three factors—cryptocurrency market, size, and momentum—capture the cross‐
sectional expected cryptocurrency returns. We consider a comprehensive list of price‐and …

We construct a comprehensive dataset on a near universe of non-fungible token (NFT)
transactions, create indices for the NFT market and its components, and analyze their …

In this paper, we provide a detailed analysis of the Bitcoin network. We build a novel Bitcoin
database and develop a methodology for identifying information about the main market …

We develop a dynamic asset pricing model of cryptocurrencies/tokens that allow users to
conduct peer-to-peer transactions on digital platforms. The equilibrium price of tokens is …

The intersection of finance and technology, known as fintech, has resulted in the dramatic
growth of innovations and has changed the entire financial landscape. While fintech has a …

When is record-keeping better arranged through a blockchain than through a traditional
centralized intermediary? The ideal qualities of any record-keeping system are (i) …