31 citations · 109 across the 28 of their papers we have counts for
4 papers · 1 filter
Cryptocurrencies and the Future of Money
Matheus R. Grasselli, Alexander Lipton
We review different classes of cryptocurrencies with emphasis on their economic properties. Pure-asset coins such as Bitcoin, Ethereum and Ripple are characterized by not being a l…
The Broad Consequences of Narrow Banking
Matheus R Grasselli, Alexander Lipton
We investigate the macroeconomic consequences of narrow banking in the context of stock-flow consistent models. We begin with an extension of the Goodwin-Keen model incorporating t…
On the Normality of Negative Interest Rates
Matheus R. Grasselli, Alexander Lipton
We argue that a negative interest rate policy (NIRP) can be an effect tool for macroeconomic stabilization. We first discuss how implementing negative rates on reserves held at a c…
Modern Monetary Circuit Theory, Stability of Interconnected Banking Network, and Balance Sheet Optimization for Individual Banks
Alexander Lipton
A modern version of Monetary Circuit Theory with a particular emphasis on stochastic underpinning mechanisms is developed. It is explained how money is created by the banking syste…