Web3

  1. Can Web3 Bring Back Competition to Digital Platforms?, with Scott Kominers, 2022. 

Stablecoins, CBDCs and Libra/Diem Papers

  1. “Markets for Crypto Tokens, and Security under Proof of Stake”, with Scott Kominers and Ravi Jagadeesan, 2021.

  2. “Some Simple Economics of Stablecoins”, Annual Review of Financial Economics, with Alonso de Gortari and Nihar Shah, 2021.

  3. “On the Economic Design of Stablecoins”, with Alonso de Gortari, 2021.

  4. “Stablecoins and the Future of Money”, Harvard Business Review, with Jai Massari, August 10th, 2021.

  5. “Setting Standards for Stablecoin Reserves”, with Nihar Shah, 2021.

  6. “From Stablecoins to CBDCs: The Public Benefits of a Public-Private Partnership”, with Wanyi Dai Li, Alonso de Gortari, and Andrew Lilley, 2021.

  7. “Why is the United States Lagging Behind in Payments?”, with Andrew Lilley, 2021.

  8. “DeFi, Disintermediation, and the Regulatory Path Ahead”, The Regulatory Review, with Jai Massari, 2021.

  9. “It's time to knock down the walled gardens of the payments system”, American Banker, with Scott Kominers, 2021.

  10. “Bitcoin and Beyond”, Project Syndicate, with Scott Kominers, 2021

  11. “Market Design for a Blockchain-Based Financial System”, with Scott Kominers and Ravi Jagadeesan, 2019.

  12. “The Libra Blockchain”, with Amsden et al., The Libra Association, 2019

  13. “The Libra Reserve”, with Oliver Gratry, J. Mark Hou, Sunita Parasuraman, and Nils Wernerfelt, The Libra Association, 2019

  14. “Moving Towards Permissionless Consensus”, with Shehar Bano, George Danezis, Nick Doudchenko, Ben Maurer, Alberto Sonnino, and Nils Wernerfelt, The Libra Association, 2019