Publications

"Blockchain Without Waste: Proof-of-Stake"

Review of Financial Studies, Volume 34, March 2021, Pages 1156-1190

"Evolution of Shares in a Proof-of-Stake Cryptocurrency"
with Ioanid Rosu

Management Science, Volume 67, February 2021, Pages 661-672 (Lead Article)

"CDS Returns"

with Patrick Augustin and Haohua Xu

Journal of Economic Dynamics and Control, Volume 118, 103977

Working Papers

"Economics of Permissioned Blockchain Adoption" 

with Garud Iyengar, Jay Sethuraman and Wenjun Wang

Management Science, Revise and Resubmit

"Bitcoin's Limited Adoption Problem"
with Franz Hinzen and Kose John

Journal of Financial Economics, Revise and Resubmit

"Economic Implications of Scaling Blockchains: Why the Consensus Protocol Matters"

with Kose John and Thomas Rivera 

"The Public Blockchain Ecosystem: An Empirical Analysis"
with Felix Irresberger, Kose John and Peter Mueller  

"How Do Private Digital Currencies Affect Government Policy?"
with Max Raskin and David Yermack

Work In Progress

"Bitcoin and Beyond"
with Kose John and Maureen O'Hara 

Annual Review of Financial Economics, Invited