Theory and Empirics
Readings
The following readings are for reference only and will not be tested. However, reading them is encouraged as they offer a view of the material based on theory and empirics.
Does a Central Clearing Counterparty Reduce Counterparty Risk?. Darrell Duffie, Haoxiang Zhu. (2011). The Review of Asset Pricing Studies, Volume 1, Issue 1. Retrieved on October 10, 2020 from https://academic.oup.com/raps/article-abstract/1/1/74/1528254?redirectedFrom=fulltext
Is Bitcoin a Real Currency? An economic appraisal. David Yermack. (2013). NBER Working Papers. Retrieved on October 10, 2020 from https://www.nber.org/papers/w19747
Market Design with Blockchain Technology. Katya Malinova & Andreas Park. (2017). Retrieved on October 10, 2020 from https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2785626
Smart Settlement. Mariana Khapko and Marius Zoican. (2018). Retrieved on October 11, 2020 from https://www.carloalberto.org/wp-content/uploads/2018/11/KhapkoZoican20180501.pdf
Some Simple Economics of the Blockchain. Christian Catalini & Joshua Gans. (2019). Retrieved on October 11, 2020 from https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2874598
The Economics of Cryptocurrencies – Bitcoin and Beyond. Jonathan Chiu & Thorsten V. Koeppl. (2017). Retrieved on October 11, 2020 from https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3048124