Digital Assets: Pricing, Allocation and Regulation

Name: Digital Assets: Pricing, Allocation and Regulation
Brand: Cambridge University Press
SKU: 9781009362313
Price: 1134.90 HKD
Availability: InStock
Author: Reena Aggarwal; Paolo Tasca
ISBN: 9781009362313

Edited by Reena Aggarwal · Paolo Tasca

Cambridge University Press March 2025

Specifications

ISBN-13: 9781009362313
Publisher: Cambridge University Press
Publication: March 2025
Format: Hardback
Jurisdiction: U.K. ? Countri(es) for reference only

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The ecosystem of digital assets continues to change exponentially. In post-COVID times, digital assets may be seen as a cheaper, more liquid, and transparent safe haven compared to that offered by more traditional asset types. Inclusion of new digital assets, especially cryptocurrencies, in portfolios of standard financial assets has been the subject of some academic study, but the theoretical and practical implications of this new trend are not yet fully understood. Digital Assets is the first book to present a comprehensive review of studies on the valuation and pricing of cryptocurrencies and digital assets. Outlining a new research agenda aimed at understanding the fundamental drivers of the value of cryptocurrencies, it brings together an impressive line-up of academics and practitioners to provide a timely perspective on government responses and regulatory approaches towards digital assets, including the setting of new legal frameworks.

Deepens our understanding of the complex inter-relations between traditional and digital assets in redefining the new financial world of decentralized financial products and services
Present a comprehensive review of studies on valuation and pricing of digital assets in general
Introduces new models of portfolio strategies with digital assets

Part I. Institutionalization of Digital Assets:

1. Institutionalization of digital assets - Reena Aggarwal and Chris Matturri

2. How and when are cryptocurrency predictable? Back-testing their portfolio economic value - Massimo Guidolin and Manuela Pedio

3. DeFi vs TradFi: valuation using multiples and discounted cash flows - Teng Andrea Xu, Jiahua Xu and Kristof Lommers

Part II. Digital Assets and Decentralised Finance:

4. The suitability of securities token offerings, cryptocurrencies, and crypto-related assets for pension investments - John A. Turner

5. Regulatory considerations on the decentralised financial system - Ryosuke Ushida and Shin'ichiro Matsuo

6. A hayekian view of digital currencies - Andy Yee and Nikhil Vadgama

Part III. Regulations and Compliance of Digital Assets:

7. Call for a global cryptoassets regulatory framework: lessons from the US, Europe, and the UK - Giovanna Massarotto

8. Privacy coins and the reasonable expectation of privacy: evaluating the efficacy of national security letters - Wanjiku Karanja

9. UK anti-money laundering regulation of cryptoassets - Pierre Ostercamp

10. Triple-entry accounting, blockchain and next of kin: towards a stan-dardization of ledger terminology - Juan Ignacio Ibanez, Chris N. Bayer, Paolo Tasca and Jiahua Xu

Part IV. Cryptocurrency Economics and Monetary Policies:

11. Monetary policy in a world with cryptocurrencies, stablecoins and CBDC - Daniel Heller

12. Yields: the galapagos syndrome of cryptofinance - Bernhard K. Meister and Henry C. W. Price

13. The 'klair effect': a new monetary framework on controlling inflation using CBDC - Sarbjit Klair

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