European Integration as a Determinant of Foreign Direct Investment in Central and Eastern Europe, 1995-2013

By Domagoj Babic. Princeton University.

When companies choose to undertake foreign direct investments (FDI) in emerging countries (such as those in Central and Eastern Europe) rather than… Continue reading European Integration as a Determinant of Foreign Direct Investment in Central and Eastern Europe, 1995-2013

Cryptocurrency Competition and Dynamics

By Thomas Gebhart. University of Minnesota.

We build a model of competition among privately issued cryptocurrencies. We use a well-known monetary economics environment, the Lagos-Wright model, and include founders who can issue their own currencies in order to maximize their utility. Founders are endowed with productive capital that allows them to invest in projects that span multiple periods. Continue reading Cryptocurrency Competition and Dynamics