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This paper develops a micro-founded general equilibrium model of payments to study the impact of a central bank digital currency (CBDC) on intermediation of private banks[...]
2023 | Journal Article | Peer-Reviewed Publications - Publications à comité de lecture |
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2.
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Can securities be settled on a blockchain, and, if so, what are the gains relative to existing settlement systems? The main benefit of a blockchain is faster and more fle[...]
2019 | Journal Article | Peer-Reviewed Publications - Publications à comité de lecture |
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3.
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Book review of Blockchain Technologies, Applications and Cryptocurrencies: Current Practice and Future Trends. Edited by Sam Goundar. Singapore: World Scientific, [...]
2022 | Journal Article | Peer-Reviewed Publications - Publications à comité de lecture |
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4.
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Many central banks are considering issuing a central bank digital currency (CBDC). How will the CBDC affect the macroeconomy? Will its design matter? To answer these ques[...]
2023 | Journal Article | Peer-Reviewed Publications - Publications à comité de lecture |
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5.
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We present a model of central bank collateralized lending to study the optimal choice of the haircut policy. We show that a lending facility provides a bundle of two type[...]
2011 | Journal Article | Peer-Reviewed Publications - Publications à comité de lecture |
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6.
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We present a model of central bank collateralized lending to study the optimal choice of the haircut policy. We show that a lending facility provides a bundle of two type[...]
2010 | Text | Staff Working Paper - Document de travail du personnel |
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7.
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Code and data to replicate the results of the article. Code for peer-reviewed article published in Review of Economic Dynamics. Paper published online June 7, 2019.[...]
2019 | Dataset | Reproducibility Package - Ensemble de données pour la reproductibilité des résultats de recherche |
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8.
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Code and data to replicate the results of the article. Code for peer-reviewed article published in Review of Economic Dynamics. Paper published online October 20, 2[...]
2020 | Dataset | Reproducibility Package - Ensemble de données pour la reproductibilité des résultats de recherche |
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9.
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What makes e-money more special than cash? Is the introduction of e-money necessarily welfare enhancing? Is an e-money system necessarily stable? What is the opt[...]
2014 | Text | Staff Working Paper - Document de travail du personnel |
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10.
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How well can a cryptocurrency serve as a means of payment? Cryptocurrencies need to overcome double‐spending by costly mining and by delaying settlement. We formalize thi[...]
2022 | Journal Article | Peer-Reviewed Publications - Publications à comité de lecture |
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