Name: Savolainen, Ville
Gender: Male
Nationality: Finnish
Phone number: +358 50 301 1649
Email: ville.k.savolainen (at) aalto.fi
SSRN: https://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=3897175
Department Webpage: https://www.aalto.fi/en/department-of-economics/ville-savolainen
ResearchGate: https://www.researchgate.net/profile/Ville_Savolainen2
Aalto University School of Business
Department of Economics
Post-Doctoral Researcher
January 2024 - Present
Hanken School of Economics
Department of Finance
Post-Doctoral Researcher
September 2022 to December 2023
Doctor of Science (Econ.)
Hanken School of Economics
Major: Finance
Graduation date: July 2022
Master of Science
University of Jyväskylä
Major: Economics
Graduation date: January 2013
Bachelor of Science
University of Jyväskylä
Major: Economics
Graduation date: January 2013
Research Fellow
Exponential Science
Starting date: September 2025
Ending date: (Ongoing)
Cryptoeconomics Summer School
Columbia University School of Engineering
June 2024 and September 2025
Visiting Fellow
Harvard Graduate School of Arts and Sciences
Business Economics
Start date: 15th of January 2017
End date: 24th of May 2018
Professor Juuso Välimäki, Aalto University School of Business, +358 40 353 8182, juuso.valimaki@aalto.fi
Professor Kose John, New York University Stern School of Business, +1 (212) 998-0337, kj1@stern.nyu.edu
Dean Timo Korkeamäki, Aalto University School of Business, +358 40 483 4060, timo.korkeamaki@aalto.fi
Native: Finnish
Full Professional: English
Limited Working: Swedish
“Too Big to Cheat: Mining Pools' Incentives to Double Spend in Blockchain Based Cryptocurrencies”
- Australasian Finance and Banking Conference 2023, December 2023, Sydney Australia
- Financial Management Association European Conference 2020, June 2021, Limassol Cyprus
- Machine Lawyering Conference 2021, January 2021, Chinese University of Hong Kong, HKSAR
- Central Bank Research Association Annual Meeting, September 2020, London UK (London School of Economics and Political Science and Bank of England)
- Nordic Finance Network, May 2020, Oslo Norway
"Increasing Returns to Scale: Endogenous Explanation for Four Cyclical Asset Pricing Anomalies"
- Bank of Finland, Helsinki Finland, January 2019
- FMA Europe PhD Consortium, Kristiansand Norway, June 2018
- Harvard University, Cambridge MA, March 2018
"Endogenous Rare Disaster Risk: Explanation for Counter-Cyclical Excess Returns, Volatility and Dividend-Price ratio"
- American Finance Association Annual Meeting 2018 Ph.D. Poster Session, January 2018, Philadelphia PA
”Cryptocurrency pricing: An Exactly Solved Model with Endogenous Crashes”, Job Market Paper
“Too Big to Cheat: Mining Pools' Incentives to Double Spend in Blockchain Based Cryptocurrencies” with Jorge Soria; Working Paper; 17 Google Scholar citations and over 1000 SSRN Downloads
“Microeconomics of Social Media Sentiment”, Working Paper
“Increasing Returns to Scale: Endogenous Explanation for Four Cyclical Asset Pricing Anomalies”, Working Paper
Management Science, Informs
Journal of Economic Geography, Oxford University Press
Journal of Financial Stability, Special Issue “FinTech and Central Bank Digital Currencies.” Elsevier
Master's and Bachelor's Theses Supervision, September 2022 - Present, Hanken School of Economics and Aalto University
I have supervised, as the first or second supervisor, close to 20 theses on varying topics (e.g., corporate finance, ESG, empirical asset pricing, game theory, blockchain economics, machine learning with trading applications, and international trade).
Main Instructor, Blockchain Economics/FinTech and Blockchain, Aalto University (2024, Bachelor's Level); Hanken School of Economics (2023 and 2024, Master's Level)
This course covers areas such as blockchain technology, economic security, banking, central banking, history of money and credit, cryptocurrencies, crypto regulation, cryptocurrency pricing, tokenomics, smart contracts, decentralized finance, and ICOs.
Teaching Assistant for Professor Gonul Colak, FinTech and Blockchain (Master's Level), Hanken School of Economics, 2019, 2020, and 2022
Lecturer for two lectures on smart contracts and economic security.
Online, hybrid, and classroom teaching.
Teaching Assistant for Professor Gonul Colak, Advanced Topics in Financial Economics (Master's Level), Hanken School of Economics, 2019, 2020, and 2021
Instructor for six finance problem sets (Python for finance, derivatives and risk management, utility theory, constraint optimization, corporate finance).
Online, hybrid, and classroom teaching.
Several appearances on YLE (The Finnish Public Service Media Company) about cryptocurrencies and blockchain technology.
“Too Big to Cheat: Mining Pools' Incentives to Double Spend in Blockchain Based Cryptocurrencies” Yahoo Finance (2020 and 2021), CoinDesk (2020 and 2021), and CUHK Machine Lawyering Blog (2020)