Details about Michael Junho Lee

Access statistics for papers by Michael Junho Lee.

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

Short-id: ple946

Working Papers

2025

1. An Interoperability Framework for Payment Systems
   Liberty Street Economics, Federal Reserve Bank of New York
2. How Censorship Resistant Are Decentralized Systems?
   Liberty Street Economics, Federal Reserve Bank of New York
3. Interoperability of Blockchain Systems and the Future of Payments
   Liberty Street Economics, Federal Reserve Bank of New York

2024

4. Financial System Architecture and Technological Vulnerability
   Staff Reports, Federal Reserve Bank of New York
5. Optimal Design of Tokenized Markets
   Staff Reports, Federal Reserve Bank of New York
6. Regulating Decentralized Systems: Evidence from Sanctions on Tornado Cash
   Staff Reports, Federal Reserve Bank of New York
7. Zero Settlement Risk Token Systems
   Staff Reports, Federal Reserve Bank of New York

2023

8. What Makes Cryptocurrencies Different?
   Liberty Street Economics, Federal Reserve Bank of New York

2022

9. Implications of Cyber Risk for Financial Stability
   FEDS Notes, Board of Governors of the Federal Reserve System (U.S.) View citations (1)
10. The Future of Payments Is Not Stablecoins
    Liberty Street Economics, Federal Reserve Bank of New York View citations (2)
11. What Is Atomic Settlement?
    Liberty Street Economics, Federal Reserve Bank of New York
12. When It Rains, It Pours: Cyber Risk and Financial Conditions
    Staff Reports, Federal Reserve Bank of New York View citations (1)

2021

13. Central Banks and Digital Currencies
    Liberty Street Economics, Federal Reserve Bank of New York
14. Hey, Economist! What’s the Case for Central Bank Digital Currencies?
    Liberty Street Economics, Federal Reserve Bank of New York
15. Monetizing Privacy
    Staff Reports, Federal Reserve Bank of New York
16. State-of-the-Field Conference on Cyber Risk to Financial Stability
    Liberty Street Economics, Federal Reserve Bank of New York
17. Why Central Bank Digital Currencies?
    Liberty Street Economics, Federal Reserve Bank of New York View citations (1)

2020

18. Bitcoin Is Not a New Type of Money
    Liberty Street Economics, Federal Reserve Bank of New York
19. COVID-19 and the Search for Digital Alternatives to Cash
    Liberty Street Economics, Federal Reserve Bank of New York
20. Cyber Risk and the U.S. Financial System: A Pre-Mortem Analysis
    Staff Reports, Federal Reserve Bank of New York View citations (3)
21. How Does Information Affect Liquidity in Over-the-Counter Markets?
    Liberty Street Economics, Federal Reserve Bank of New York
22. Insider Networks
    Liberty Street Economics, Federal Reserve Bank of New York
    Also in Staff Reports, Federal Reserve Bank of New York (2018)
23. Monetizing Privacy with Central Bank Digital Currencies
    Liberty Street Economics, Federal Reserve Bank of New York
24. Token- or Account-Based? A Digital Currency Can Be Both
    Liberty Street Economics, Federal Reserve Bank of New York View citations (4)

2019

25. A Dynamic Theory of Collateral Quality and Long-Term Interventions
    Staff Reports, Federal Reserve Bank of New York View citations (3)
26. Deciphering Americans’ Views on Cryptocurrencies
    Liberty Street Economics, Federal Reserve Bank of New York View citations (3)
27. Who Sees the Trades? The Effect of Information on Liquidity in Inter-Dealer Markets
    Staff Reports, Federal Reserve Bank of New York

2018

28. Uncertain booms and fragility
    Staff Reports, Federal Reserve Bank of New York View citations (2)

Journal Articles

2025

1. When It Rains, It Pours: Cyber Vulnerability and Financial Conditions
   Economic Policy Review, 2025, 31, (1), 1-24