Program > Papers by speaker > Loch-Temzelides Ted

A Monetary Theory of Blockchains
Dean Corbae  1@  , Ted Loch-Temzelides  2@  , Randall Wright  1@  
1 : University of Wisconsin
2 : Rice University

Blockchains are believed to be beneficial in facilitating exchange in the absence of a third trusted party. They are considered particularly useful in decentralizing information when liquidity, in the form of outside (fiat) money is scarce due to (a) limited supply, or (b) inefficient distribution. A monetary model captures these insights.


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