By David S. Evans on April 26, 2014

A number of internet-based digital currency platform based on decentralized public ledgers have started since the introduction of the blockchain concept by the founder of Bitcoin in 2008. An important element of these public ledger platforms is an incentive system that elicits efforts from a distributed global workforce to verify and record transactions on the […]

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By Rosa M. Abrantes-Metz on April 25, 2014

Tune in to Kitco News’ exclusive interview with Rosa Abrantes-Metz, the researcher responsible for creating waves in the gold market earlier this year regarding manipulation in the London gold fix. Metz speaks with Daniela Cambone to discuss the research paper and her findings, which are soon due for release: View the video here.

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By David S. Evans on March 31, 2014

Only the bitcoin community could put on a happy face when the IRS led the way for tax authorities around the world to blow up billions of dollars of value for bitcoin holders. Coindesk, with its typical only-good-things-happen-in-bitcoin-land attitude, noted cheerfully, The increased clarity ¦ will come as a relief to many who were scared […]

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By Rosa M. Abrantes-Metz on March 27, 2014

The Economist discusses the incentives to join a cartel – even while trustbusters are getting better at breaking them up. In the article, they discuss methods to uncover cartels, including the use of screens, citing our colleague Rosa Abrantes-Metz: “Some countries are employing eggheads to search for suspicious price patterns by screening markets. These statistical […]

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By Rosa M. Abrantes-Metz on March 19, 2014

My new editorial on the Wall Street Journal: Stress Tests Won’t Prevent the Next Financial Crisis: Expected losses under invented scenarios tell us little about risk and reality. On March 26, the Federal Reserve will release the results of the “stress tests” it conducted on the nation’s 30 largest banks. The findings will purportedly reveal how […]

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By David S. Evans on March 19, 2014

The following is based on remarks made by David S. Evans at the New York Federal Reserve Board-New York University Conference on Regulating Consumer Financial Products, January 6, 2010, New York, NY. Let’s begin with a puzzle raised by the previous session on who should regulate consumer protection. We heard from a specialist in administrative law that the […]

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