BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//AMSE//Event Calendar//FR
CALSCALE:GREGORIAN
METHOD:PUBLISH
BEGIN:VEVENT
UID:event-11134@amse-aixmarseille.fr
DTSTAMP:20260430T164203Z
CREATED:20260430T164203Z
LAST-MODIFIED:20260430T164203Z
STATUS:CONFIRMED
SEQUENCE:0
SUMMARY:finance seminar - Michael B. Wong
DTSTART:20240604T083000Z
DTEND:20240604T100000Z
DESCRIPTION:This paper documents the rise and fall of a redeemable digital 
 currency in a Toronto-based barter community using unique high-frequency tr
 ansaction data. The observed effects of unexpected monetary events are comp
 ared with predictions from models in monetary economics. I find that a larg
 e expansion of token supply persistently increased monetized transactions w
 ithout generating inflation. A subsequent reduction in redeemability did no
 t reduce token prices or supply\, but it decreased token acceptance and tra
 nsactions. When redemption was fully halted\, token prices still did not ch
 ange and barter volume was largely unaffected\, but token acceptance declin
 ed and monetized exchange dwindled. These findings are consistent only with
  models of money as a medium of exchange with price coordination frictions.
 \\n\\nContact: Eric Girardin : eric.girardin[at]univ-amu.frGaël Leboeuf : 
 gael.leboeuf[at]univ-amu.frChristelle Lecourt : christelle.lecourt[at]univ-
 amu.fr\n\nPlus d'informations: https://amse-aixmarseille.fr/fr/evenements/m
 ichael-b-wong
LOCATION:MEGA
URL;VALUE=URI:https://amse-aixmarseille.fr/fr/evenements/michael-b-wong
CONTACT:Eric Girardin : eric.girardin[at]univ-amu.frGaël Leboeuf : gael.le
 boeuf[at]univ-amu.frChristelle Lecourt : christelle.lecourt[at]univ-amu.fr
TRANSP:OPAQUE
END:VEVENT
END:VCALENDAR