{"title":"Concentrated liquidity in Uniswap V3: A new strategy to optimize the capital bear market","authors":"Francesco Spinoglio","doi":"10.46671/2521-2486.1032","DOIUrl":"https://doi.org/10.46671/2521-2486.1032","url":null,"abstract":"","PeriodicalId":296412,"journal":{"name":"Journal of New Finance","volume":" 484","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139617945","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Striving Toward Bitcoin Price Stability: Second-layer Money and the Case for Real Bills, Scrip & Notes","authors":"Eduardo Blasco, Carlos García de Enterría","doi":"10.46671/2521-2486.1024","DOIUrl":"https://doi.org/10.46671/2521-2486.1024","url":null,"abstract":"Abstract Monetary systems comprise various layers of real and financial assets arranged hierarchically. Due to its properties, Bitcoin is a suitable asset to become the base money of a monetary system once its price has stabilized and people see it more like a medium of exchange than an investment. We review Bitcoin’s characteristics and explain their effect on its intra-and inter-temporal liquidity. We argue that Bitcoin will lower its bid-ask spread once users adopt financial assets convertible to Bitcoin. We propose the use of three financial assets working as Bitcoin derivatives to reduce Bitcoin’s demand shocks and lower its volatility: real bills, private scrip and cash notes. We explain when will this process take place and why people would have an incentive to rely on credit even under a Bitcoin standard.","PeriodicalId":296412,"journal":{"name":"Journal of New Finance","volume":"75 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124626720","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Profits & Pandemics: Shutting Down Businesses During COVID-19","authors":"David R Iglesias, Walter E Block","doi":"10.46671/2521-2486.1028","DOIUrl":"https://doi.org/10.46671/2521-2486.1028","url":null,"abstract":"","PeriodicalId":296412,"journal":{"name":"Journal of New Finance","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131385079","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Virtual Currencies and Intrapreneurial Coordination","authors":"Martin Sibileau","doi":"10.46671/2521-2486.1020","DOIUrl":"https://doi.org/10.46671/2521-2486.1020","url":null,"abstract":"Abstract Managers of conglomerates or companies with multiple business units are, like central planners in socialist countries, unable to perform economic calculation. These units exchange goods and services internally based on transfer prices, not market prices, and it is hard to ascertain the value contributed by management, which is often hired and rewarded based on political considerations. Innovation is also often unwelcome, as it may challenge privileges of executive management. Until 2016, conglomerates lacked the technology to benefit from economic calculation. In this paper, I propose that a blockchain platform supporting an internal virtual currency enables economic calculation inside conglomerates, unlocking productivity and supporting intrapreneurship.","PeriodicalId":296412,"journal":{"name":"Journal of New Finance","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122336582","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Central Bank Digital Currency Is Good As Long As All Stakeholders Are Involved","authors":"M. F. Gadi, Miguel Angel Sicilia","doi":"10.46671/2521-2486.1023","DOIUrl":"https://doi.org/10.46671/2521-2486.1023","url":null,"abstract":"Abstract Recent changes in the money supply landscape like the rise of Cryptocurrencies like Bitcoin and also China pushing for broader use of its Digital Yuan soon [1] are forcing governments around the world to investigate about central bank [issued] digital currency (CBDC). In this work We want to analyse the level of understanding of CBDC, opportunities, risks, limitations and obstacles. We explore the pros cons and possibilities of implementing a central bank digital currency (CBDC) by highlighting the different levels of acceptance of a CBDC from four groups of stakeholders: Central Bankers, Bankers, Fintech and General Public. The result from our survey carried out during the month of February 2022 shows different concerns depending on the stakeholder, we can highlight: that Fintech, Digital Bankers and Bankers agree that digital currencies could lessen the risk of money laundering, Central Banks do not believe this. All groups agreed that credit card companies like Visa, Mastercard will lose up market share. Also, while Central Bankers believe that cutting off traditional banks from the supply of digital currency means that there is no multiplier effect in the economy, Bankers and people in Fintech and the general public do not believe so. From what we conclude that the creation of the CBDC is in good taste so long as all stakeholders are involved, and big issues such as privacy, and risk of it affecting the current financial system are kept in mind.","PeriodicalId":296412,"journal":{"name":"Journal of New Finance","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129109414","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Decentralized Finance Oracles","authors":"Lucia Suarez Barcia","doi":"10.46671/2521-2486.1022","DOIUrl":"https://doi.org/10.46671/2521-2486.1022","url":null,"abstract":"","PeriodicalId":296412,"journal":{"name":"Journal of New Finance","volume":"53 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122589461","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Monetary Policy and Stagflation: A trade-off between price stability and economic growth?","authors":"Leef H. Dierks","doi":"10.46671/2521-2486.1031","DOIUrl":"https://doi.org/10.46671/2521-2486.1031","url":null,"abstract":"","PeriodicalId":296412,"journal":{"name":"Journal of New Finance","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124093754","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Cryptocurrency, Decentralized Finance, and the Evolution of Money: A Transaction Costs Approach","authors":"J. Caton, Cameron Harwick","doi":"10.46671/2521-2486.1027","DOIUrl":"https://doi.org/10.46671/2521-2486.1027","url":null,"abstract":"","PeriodicalId":296412,"journal":{"name":"Journal of New Finance","volume":"226 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114747189","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Redefining Banking Through Defi: a New Proposal for Free Banking Based on Blockchain Technology and DeFi 2.0 Model","authors":"F. Spinoglio","doi":"10.46671/2521-2486.1021","DOIUrl":"https://doi.org/10.46671/2521-2486.1021","url":null,"abstract":"This article aims to offer a new free banking proposal with a 100% cash ratio that uses the DeFi 2.0 model. The current monetary system, based on Central Banking with fractional reserve, has created a huge debt spiral and has distorted the entire production system, which produces deep recurring socioeconomic crises that increasingly impoverish citizens. This paper presents an innovative proposal that aims to take advantage of blockchain technology using the Defi 2.0 model. It would be a first attempt to merge centralized finance with the DeFi world, laying the foundation for a fairer and more decentralized monetary society.","PeriodicalId":296412,"journal":{"name":"Journal of New Finance","volume":"68 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128692862","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Curse of Central Bank Digital Cash","authors":"F. Ulrich, Leonidas Zelmanovitz","doi":"10.46671/2521-2486.1025","DOIUrl":"https://doi.org/10.46671/2521-2486.1025","url":null,"abstract":"Abstract This paper surveys the consequences of Central Bank Digital Currencies (CBDC) on personal liberty and privacy. The Central Banks’ response to the advent of Bitcoin and other cryptocurrencies has profound implications for financial intermediation, monetary and fiscal policies, financial repression, and surveillance. More than allowing for meddling with money, a CBDC may enable meddling with human free will, posing grave threats to the preservation of freedom.","PeriodicalId":296412,"journal":{"name":"Journal of New Finance","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-01-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124092313","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}