Details about Thorsten V. Koeppl

Access statistics for papers by Thorsten V. Koeppl.

Last updated 2023-02-24. Update your information in the RePEc Author Service.

Short-id: pko161

Working Papers

2023

1. Understanding DeFi Through the Lens of a Production-Network Model
   Staff Working Papers, Bank of Canada View citations (2)

2022

2. Grasping De(centralized) Fi(nance) Through the Lens of Economic Theory
   Staff Working Papers, Bank of Canada View citations (1)
3. PayTech and the D(ata) N(etwork) A(ctivities) of BigTech Platforms
   Staff Working Papers, Bank of Canada View citations (1)
4. What Drives Bitcoin Fees? Using Segwit to Assess Bitcoin's Long-Run Sustainability
   Staff Working Papers, Bank of Canada
   Also in Working Paper, Economics Department, Queen's University (2019)

2019

5. The Economics of Cryptocurrencies—Bitcoin and Beyond
   Staff Working Papers, Bank of Canada View citations (19)
   Also in Working Paper, Economics Department, Queen's University (2017) View citations (77)

2018

6. Blockchain-Based Settlement for Asset Trading
   Staff Working Papers, Bank of Canada View citations (7)
   Also in Working Paper, Economics Department, Queen's University (2018) View citations (7)
   See also Journal Article Blockchain-Based Settlement for Asset Trading, The Review of Financial Studies, Society for Financial Studies (2019) View citations (74) (2019)
7. Incentive Compatibility on the Blockchain
   Staff Working Papers, Bank of Canada View citations (2)

2014

8. Livin' On The Edge With Ratings: Liquidity, Efficiency And Stability
   Working Paper, Economics Department, Queen's University View citations (1)

2013

9. The Limits Of Central Counterparty Clearing: Collusive Moral Hazard And Market Liquidity
   Working Paper, Economics Department, Queen's University View citations (12)
10. Trading Dynamics With Adverse Selection and Search
    2013 Meeting Papers, Society for Economic Dynamics View citations (13)

2011

11. Trading Dynamics With Adverse Selection And Search: Market Freeze, Intervention And Recovery
    Working Paper, Economics Department, Queen's University View citations (24)
    Also in Staff Working Papers, Bank of Canada (2011) View citations (25)
    See also Journal Article Trading Dynamics with Adverse Selection and Search: Market Freeze, Intervention and Recovery, The Review of Economic Studies, Review of Economic Studies Ltd (2016) View citations (53) (2016)

2010

12. Market Freeze and Recovery: Trading Dynamics under Optimal Intervention by a Market-Maker-of-Last-Resort
    2010 Meeting Papers, Society for Economic Dynamics View citations (6)
13. The Emergence And Future Of Central Counterparties
    Working Paper, Economics Department, Queen's University View citations (17)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2010) View citations (10)

2009

14. Optimal Clearing Arrangements For Financial Trades
    Working Paper, Economics Department, Queen's University View citations (11)
    See also Journal Article Optimal clearing arrangements for financial trades, Journal of Financial Economics, Elsevier (2012) View citations (54) (2012)

2008

15. Central counterparties
    CFS Working Paper Series, Center for Financial Studies (CFS)
    Also in 2006 Meeting Papers, Society for Economic Dynamics (2006) View citations (8)
16. Efficient institutions
    Working Papers, Federal Reserve Bank of Philadelphia View citations (1)
17. The Poor, the Rich and the Enforcer: Institutional Choice and Growth
    2008 Meeting Papers, Society for Economic Dynamics
    Also in Working Paper, Economics Department, Queen's University (2007)
    Working Papers, Federal Reserve Bank of Dallas (2008)

2007

18. A dynamic model of the payment system
    Working Papers, Federal Reserve Bank of Philadelphia View citations (2)
19. Mechanism design and Payments
    2007 Meeting Papers, Society for Economic Dynamics
    Also in 2005 Meeting Papers, Society for Economic Dynamics (2005) View citations (3)
20. Payments and Mechanism Design
    Working Paper, Economics Department, Queen's University

2006

21. A Dynamic Model Of Settlement
    Working Paper, Economics Department, Queen's University View citations (26)
    Also in Working Paper Series, European Central Bank (2006) View citations (6)
    See also Journal Article A dynamic model of settlement, Journal of Economic Theory, Elsevier (2008) View citations (29) (2008)

2005

22. Guess What: It's The Settlements!
    Working Paper, Economics Department, Queen's University View citations (2)
    Also in Working Paper Series, European Central Bank (2004) View citations (7)
23. Optimal Dynamic Risk Sharing When Enforcement Is A Decision Variable
    Working Paper, Economics Department, Queen's University
    Also in Working Paper Series, European Central Bank (2003) View citations (2)
    See also Journal Article Optimal dynamic risk sharing when enforcement is a decision variable, Journal of Economic Theory, Elsevier (2007) View citations (14) (2007)
24. What Banks Do And Markets Don't: Cross-subsidization
    Working Paper, Economics Department, Queen's University

2004

25. Differentiability Of The Efficient Frontier When Commitment To Risk Sharing Is Limited
    Working Paper, Economics Department, Queen's University View citations (10)
    See also Journal Article Differentiability of the Efficient Frontier when Commitment to Risk Sharing is Limited, The B.E. Journal of Macroeconomics, De Gruyter (2006) View citations (11) (2006)
26. Risk Sharing Through Financial Markets With Endogenous Enforcement Of Trades
    Working Paper, Economics Department, Queen's University
    Also in Econometric Society 2004 North American Winter Meetings, Econometric Society (2004) View citations (1)
    Working Paper Series, European Central Bank (2004)
    See also Journal Article Risk sharing through financial markets with endogenous enforcement of trades, Journal of Economic Dynamics and Control, Elsevier (2006) (2006)

2001

27. Limited enforcement and efficient interbank arrangements
    Working Papers, Federal Reserve Bank of Minneapolis View citations (5)

Journal Articles

2019

1. Blockchain-Based Settlement for Asset Trading
   The Review of Financial Studies, 2019, 32, (5), 1716-1753 View citations (74)
   See also Working Paper Blockchain-Based Settlement for Asset Trading, Staff Working Papers (2018) View citations (7) (2018)

2018

2. Tales from the Crypt - How to Regulate Initial Coin Offerings
   C.D. Howe Institute Commentary, 2018, (525)

2017

3. Blockchain Technology – What’s in Store for Canada’s Economy and Financial Markets?
   C.D. Howe Institute Commentary, 2017, (468) View citations (5)
4. Mortgage Insurance Deductibles: An Idea Whose Time Hasn’t Come
   C.D. Howe Institute Commentary, 2017, (485) View citations (2)

2016

5. Trading Dynamics with Adverse Selection and Search: Market Freeze, Intervention and Recovery
   The Review of Economic Studies, 2016, 83, (3), 969-1000 View citations (53)
   See also Working Paper Trading Dynamics With Adverse Selection And Search: Market Freeze, Intervention And Recovery, Working Paper (2011) View citations (24) (2011)

2015

6. Mortgage Insurance as a Macroprudential Tool: Dealing with the Risk of a Housing Market Crash in Canada
   C.D. Howe Institute Commentary, 2015, (430) View citations (4)

2014

7. Efficient contract enforcement
   Economic Theory, 2014, 55, (1), 161-183 View citations (10)

2013

8. Compensation par contrepartie centrale et assurance contre le risque systémique sur les marchés dérivés de gré à gré
   Revue d'économie financière, 2013, N° 109, (1), 179-196 View citations (2)

2012

9. Optimal clearing arrangements for financial trades
   Journal of Financial Economics, 2012, 103, (1), 189-203 View citations (54)
   See also Working Paper Optimal Clearing Arrangements For Financial Trades, Working Paper (2009) View citations (11) (2009)

2011

10. Time for Stability in Derivatives Markets – a New Look at Central Counterparty Clearing for Securities Markets
    C.D. Howe Institute Commentary, 2011, (329)

2009

11. How Flexible Can Inflation Targeting Be? Suggestions for the Future of Canada's Targeting Regime
    C.D. Howe Institute Commentary, 2009, (293) View citations (1)
12. What broad banks do, and markets don't: Cross-subsidization
    European Economic Review, 2009, 53, (2), 222-236 View citations (2)

2008

13. A dynamic model of settlement
    Journal of Economic Theory, 2008, 142, (1), 233-246 View citations (29)
    See also Working Paper A Dynamic Model Of Settlement, Working Paper (2006) View citations (26) (2006)

2007

14. Branching Out: The Urgent Need to Transform Canada’s Financial Landscape and How to Do It
    C.D. Howe Institute Commentary, 2007, (251) View citations (2)
15. Guess what: It's the settlements! Vertical integration as a barrier to efficient exchange consolidation
    Journal of Banking & Finance, 2007, 31, (10), 3013-3033 View citations (6)
16. Optimal dynamic risk sharing when enforcement is a decision variable
    Journal of Economic Theory, 2007, 134, (1), 34-60 View citations (14)
    See also Working Paper Optimal Dynamic Risk Sharing When Enforcement Is A Decision Variable, Working Paper (2005) (2005)

2006

17. Differentiability of the Efficient Frontier when Commitment to Risk Sharing is Limited
    The B.E. Journal of Macroeconomics, 2006, 6, (1), 1-6 View citations (11)
    See also Working Paper Differentiability Of The Efficient Frontier When Commitment To Risk Sharing Is Limited, Working Paper (2004) View citations (10) (2004)
18. Risk sharing through financial markets with endogenous enforcement of trades
    Journal of Economic Dynamics and Control, 2006, 30, (11), 1987-2014
    See also Working Paper Risk Sharing Through Financial Markets With Endogenous Enforcement Of Trades, Working Paper (2004) (2004)