Publications

• Dynamic Adverse Selection and Belief Update in Credit Markets     (with Inkee Jang)    

Journal of Financial and Quantitative Analysis,   June 2025     (Working paper version)

• Digital Currency and Privacy     

Theoretical Economics, 19, January 2024

•  Money, Bitcoin, and Monetary Policy     (with Seungduck Lee)

Journal of Money, Credit and Banking, 56, February 2024   (Working paper version)

• Cryptocurrency and double spending history: transactions with zero confirmation    

Economic Theory, 75, 2023   (Working paper version)  

• Adverse selection and costly information acquisition in asset markets    (with Inkee Jang)

Journal of Mathematical Economics, 97, December 2021   (Working paper version)     

• Optimal contract for asset trades: Collateralizing or selling?     

Journal of Financial Markets, 56, November 2021   

• Central Bank Purchases of Private Assets: An evaluation     

Review of Economic Dynamics, 31, 326-346, January 2019   (Working paper version)  

• Counterfeiting, screening and government policy    

Journal of Economic Theory, 172, 26-54, November 2017   (Working paper version)