Working Papers


To download 2017 working papers, please click here


Bolt W. and van Oordt M., On the Value of Virtual Currencies, August 5, 2016

Hans Peter Grüner and Chritoph Siemroth Crowd investing, Efficiency and inequality, September 28, 2015

Floris Kleemans, Synzeris – Synthetic zero rate instrument as new stability enhancing instruments for (digital) monetary regime changes, September, 2016

Beat Weber Competing for Legitimacy: A typology of virtual currencies, September 9, 2016

Philipp Sandner, Robert Hundeshagen, Sven Hoffmann and Igor Bartolec Evaluating Bitcoin’s Disruptive Potential in Remittance Services: An Empirical Investigation, September 6, 2016

John Barrdear and Michael Kumhof The macroeconomics of central bank issued digital currencies, July, 2016

Tomaso Aste, The Fair Cost of Bitcoin proof of work, September, 2016

Adalbert Winkler and Ulf Moslener, Will crowdfunding contribute to financial development in developing countries?, September 2016

Anton Golub, Richard B. Olsen, Stefano Battiston, Guido Caldarelli and Sergey Ivliev Case study of Lykke Exchange: First Experiences and outlook, June 30, 2016

Dario Estrada and Paula Zamora, P2P Lending and Screening Incentives, September 2016

Giuseppe pappalardo, Guido Cardarelli and Tomaso Aste, The Bitcoin Peers Network, June 30, 2016

Christophe Bertsch, Isaiah Hull and Xin Zhang Evidence from the Peer-to-Peer Lending Market , June 13 2016

Ferdinando Maria Ametrano Hayek Money: The Cryptocurrency Price Stability Solution, August 13th, 2016

Tall Rahim, Contract Pricing and Market Efficiency: Can peer-to-peer Internet Credit Markets improve allocative, June 28, 2016

Angela Walch, The Fiduciaries of Public Blockchains, August 17, 2016

Katya Malinova and Andreas Park Market Design for Trading with Blockchain Technology, July 7, 2016

Petros Kavassalis, Harald Stieber, Wolfgang Breymann, Keith Saxton, Francis Gross, Willi Brammertz, Stefano Bertolt and Antonio Dragiotis DTD powered by Actus – an innovative RegTech-automated legal text approach to financial reporting, September, 2016

Tania Lorena Lopez Unrest and Adalbert Winkler More Inclusive, more stable? The financial inclusion – stability nexus in the global financial crisis, September 26, 2016