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(1) Distrust of Fiat Money Is Not Enough to Invest in Crypto (5 min read)
A key rationale for developing cryptocurrencies was to resist regulation and rely on algorithms not trust. But does distrust of traditional finance motivate US consumers to invest in crypto? A BIS working paper explores.
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(Sam van de Schootbrugge│7th July, 2021)
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Why Are Some Recoveries Short and Others Long? (NBER, 32 page read)
Passive funds affect prices: evidence from the most ETF-dominated asset classes (BIS, 33 page read)
The Economic Effects of Firm-Level Uncertainty: Evidence Using Subjective Expectations (FED, 30 page read)
Fundamentals vs. policies: can the US dollar’s dominance in global trade be dented? (CEPR, 28 page read)