beSpacificA new working paper on #bitcoin by #Matthew #Ferranti — a fifth-year #PhD candidate in #Harvard's #economics #department and #advisee of #KenRogoff, a former economist at the #IMF and the #FederalReserveBoard #Hedging #Sanctions #Risk: #Cryptocurrency in #CentralBank #Reserves" (Job Market Paper)
This paper explores the #potential for #Bitcoin to serve as an #alternative #hedging #asset. https://sites.google.com/view/matthewferranti/research See also this Politico article about the paper - https://www.politico.com/newsletters/digital-future-daily/2022/11/22/harvard-paper-to-central-banks-buy-bitcoin-00070552 -
Matthew Ferranti - Research
"Hedging Sanctions Risk: Cryptocurrency in Central Bank Reserves" (Job Market Paper) Central banks may shift their international reserve holdings in order to protect themselves ex-ante against the risk of financial sanctions by fiat reserve currency issuers. For example, from 2016 to 2021,