David Tercero-Lucas
david-iii-lucas.bsky.social
David Tercero-Lucas
@david-iii-lucas.bsky.social
PhD Economics (UAB, Spain).

Macroeconomics Professor - ICADE, Comillas (Madrid).

Main research topics: Crypto & CBDCs, Monetary Policy, Payments. LinkedIn: http://n9.cl/xjzzj
Crypto | Canadian Bitcoin Ownership in 2023: Key Takeaways, by Balutel et al, as Bank of Canada Staff Discussion Paper.

www.bankofcanada.ca/2025/03/staf...
Canadian Bitcoin Ownership in 2023: Key Takeaways
The Bitcoin Omnibus Survey is an important tool for monitoring Canadians’ awareness and ownership of bitcoin and other cryptoassets over time. In this paper, we present data highlights from the 2023 s...
www.bankofcanada.ca
March 13, 2025 at 7:54 PM
Crypto | All that glitters: A theory of multiple bubbles with implications for cryptocurrencies, by Han & Wang on the JME.

www.sciencedirect.com/science/arti...
All that glitters: A theory of multiple bubbles with implications for cryptocurrencies
We analyze a model of heterogeneous rational bubbles that compete and complement each other. When some bubbles burst, surviving ones gain value, offse…
www.sciencedirect.com
March 9, 2025 at 10:04 PM
Banking | The Decline of Too Big to Fail, by Berndt et al., on American Economic Review.

www.aeaweb.org/articles?id=...
The Decline of Too Big to Fail
(March 2025) - For globally systemically important banks (GSIBs) with US headquarters, we find significant reductions in market-implied probabilities of government bailout after the Global Financial C...
www.aeaweb.org
February 28, 2025 at 4:03 PM
Crypto | Stablecoins: the real crypto craze - on The Economist.

www.economist.com/finance-and-...
Stablecoins: the real crypto craze
Policymakers are racing to catch up with their rapid rise
www.economist.com
February 24, 2025 at 11:01 PM
CBDCs | Are CBDCs Doomed to be Put on Ice? Exploring Project Delays, Challenges and Potential, by Tom Bleach on the FinTech Times.

thefintechtimes.com/are-cbdcs-do...
Are CBDCs Doomed to be Put on Ice? Exploring Project Delays, Challenges and Potential | The Fintech Times
With Trump stopping work on a digital dollar, and central banks delaying plans, will CBDCs ever become a reality across the globe?
thefintechtimes.com
February 17, 2025 at 8:59 AM
Stablecoins | Reflections on a Maturing Stablecoin Market, by Governor C. J. Waller - at A Very Stable Conference, San Francisco, California.

www.federalreserve.gov/newsevents/s...
Speech by Governor Waller on stablecoins
www.federalreserve.gov
February 12, 2025 at 10:40 PM
Crypto | Hedge fund Elliott warns White House is inflating crypto bubble that ‘could wreak havoc’ - via Financial Times.

on.ft.com/40FvG1R
Hedge fund Elliott warns White House is inflating crypto bubble that ‘could wreak havoc’
Supporting digital assets that could marginalise the dollar is ‘dangerous’, investor letter says
on.ft.com
January 31, 2025 at 11:02 AM
Crypto | Tokenization and Financial Market Inefficiencies, by I. Agur et al.

www.imf.org/en/Publicati...
Tokenization and Financial Market Inefficiencies
Most financial assets are digital today. Tomorrow, they may be tokenized. Tokenization implies recording and transferring assets on a widely shared and trusted digital ledger that can be programmed. I...
www.imf.org
January 30, 2025 at 10:35 PM
Crypto | Czech central bank head wants it to buy billions of euros in bitcoin, on the FT.

giftarticle.ft.com/giftarticle/...
Czech central bank head wants it to buy billions of euros in bitcoin
Governor tells FT ‘I like profitability’ and predicts others could follow his example
giftarticle.ft.com
January 29, 2025 at 9:42 AM
Crypto | Strengthening American Leadership in Digital Financial Technology - The White House.

www.whitehouse.gov/presidential...
Strengthening American Leadership in Digital Financial Technology – The White House
By the authority vested in me as President by the Constitution and the laws of the United States of America, and in order to promote United States
www.whitehouse.gov
January 26, 2025 at 12:18 AM
Reposted by David Tercero-Lucas
Dear network,

Could you please complete the following independent survey we have just launched? #crypto #digital #Bitcoin #Ethereum #DeFi #Stablecoins #NFTs #memecoins

survey.stateofcrypto.net

Thank you so much and happy new year!
State of Crypto Survey
survey.stateofcrypto.net
January 3, 2025 at 12:14 AM
Reposted by David Tercero-Lucas
Interesting read: a Chinese banking insider sees little chance of China’s Cross-border Interbank Payment System (CIPS) replacing SWIFT. Unlike SWIFT, CIPS isn’t just a messaging system—it’s also a settlement system, which creates extra baggage for potential adopters.

www.fredgao.com/p/can-cips-r...
Can CIPS Replace SWIFT? Insights from Bank of China's Former Vice President
Former Bank of China VP Wang Yongli: CIPS Should Separate Fund Account and Messaging Systems
www.fredgao.com
January 7, 2025 at 2:13 AM
Dear network,

Could you please complete the following independent survey we have just launched? #crypto #digital #Bitcoin #Ethereum #DeFi #Stablecoins #NFTs #memecoins

survey.stateofcrypto.net

Thank you so much and happy new year!
State of Crypto Survey
survey.stateofcrypto.net
January 3, 2025 at 12:14 AM
Crypto | Return trajectory and the forecastability of bitcoin returns, by Rudkin et al., on The Financial Review.

onlinelibrary.wiley.com/doi/10.1111/...
Return trajectory and the forecastability of bitcoin returns
This paper tests the extent to which the ability to correctly predict subsequent bitcoin (BTC) return signs is dependent upon historic BTC return trajectories. Using topological data analysis ball ma...
onlinelibrary.wiley.com
December 27, 2024 at 4:36 PM
Crypto | The crypto collapse chronicles: Decoding cryptocurrency exchange defaults, by Sapkota on the Journal of International Financial Markets, Institutions and Money.

www.sciencedirect.com/science/arti...
The crypto collapse chronicles: Decoding cryptocurrency exchange defaults
This research explores the factors contributing to the failure of cryptocurrency exchanges by analyzing a sample of 845 exchanges. Using logit and pro…
www.sciencedirect.com
December 27, 2024 at 1:51 PM
Crypto | Economics of Ethereum, by John et al., on the Journal of Corporate Finance.

www.sciencedirect.com/science/arti...
Economics of Ethereum
We provide comprehensive background regarding the Ethereum blockchain protocol, focusing especially on the economic incentives of participants. We beg…
www.sciencedirect.com
December 21, 2024 at 12:11 PM
Banking | Anatomy of the Bank Runs in March 2023, by Cipriani et al., Economic Brief Richmond Fed.

www.richmondfed.org/publications...
Anatomy of the Bank Runs in March 2023
The runs lasted two days and were driven mainly by a relatively small number of large depositors, though it affected many other banks.
www.richmondfed.org
December 20, 2024 at 9:49 PM
Central bank digital currencies | CBDC in the Market for Payments at the Point of Sale: Equilibrium Impact and Incumbent Responses, by Engert et al., as Bank of Canada Staff Working Paper.

www.bankofcanada.ca/2024/12/staf...
CBDC in the Market for Payments at the Point of Sale: Equilibrium Impact and Incumbent Responses
We simulate introducing a central bank digital currency (CBDC) and consider consumer adoption, merchant acceptance and usage at the point of sale. Modest adoption frictions significantly inhibit CBDC ...
www.bankofcanada.ca
December 20, 2024 at 9:45 PM
Reposted by David Tercero-Lucas
Are you on the Econ job market, want to join a vibrant Economics department with a teaching-research balance, and live in a great European city?

Join us at Comillas - ICADE in Madrid!

➡️ intranet.comillas.edu/TrabajaenCom...

#EconSky #EconJobMarket
intranet.comillas.edu
December 20, 2024 at 5:33 PM
Reposted by David Tercero-Lucas
Go home, coinbros. You've had your fun, but now the adults are back in charge.

on.ft.com/4iBK1EO
IMF 1 - El Bitcoin 0
[FREE TO READ] RIP Chivo, we hardly knew ye
on.ft.com
December 19, 2024 at 1:14 PM
Reposted by David Tercero-Lucas
Crypto | If you have 7-8minutes, we have just released a new crypto survey.

Even if you do not own crypto, your opinion would be really useful!

Link: survey.stateofcrypto.net
State of Crypto Survey
survey.stateofcrypto.net
December 10, 2024 at 2:39 PM