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The Death of the Dollar Bill: The Rise of Bitcoin and Other Online Currencies

With the digitization of information, cyberspace is a developing network that’s changing how we live. In 2009, the first digital currency, Bitcoin, was invented.  Bitcoin has been called a “decentralized virtual currency” by some economists, due to the fact that it is transferred from one user to another, called peer-to-peer or P2P, without the use of any central bank.  Sitong Chen ’16, with Professor of Economics Christophre Georges, worked this summer on an Emerson project, “Analysis of the Internet-born Currency: The Birth of Bitcoin.”  More ...

Ru Jun Han '14
Understanding the Impact of Automated Trade Algorithms

The economic crisis that began in 2007 triggered a sense of financial insecurity among big and small institutions as well as individual investors.  The housing bubble, subprime lending and deregulation were all thought to contribute to market instability.  Ru Jun Han ’14 believes another, more technological, component was also responsible.  More ...

New York City Program students at the Bowery Mission.
NY Program Students Volunteer at Bowery Mission

On Saturday, Sept. 22, the 15 students participating in the New York City Program, along with director Professor of Economics Chris Georges and his wife Sarah, volunteered at the Bowery Mission.  More ...

NYC Program students pose in front of Monet's "The path through the irises."
NYC Program Visits Metropolitan Museum of Art

Students participating in the fall 2012 New York City Program were fortunate to receive a private tour of the Metropolitan Museum of Art on Sept. 5 as their first outing of the semester.  The excursion was guided by Richard Turnbell, chair of the Department of Art History at FIT.  The current program, led by Professor of Economics Christophre Georges, has 15 participants.  More ...

Mihai Dohotaru '13
Dohotaru ’13 Studies U.S. Labor Market Trends

The Great Recession left a deep mark on the American economy, most notably on the labor market. While this market is recovering, progress is very slow and many Americans remain in search of a job. Furthermore, current labor market trends are highly unexpected, leaving many economists looking for a definitive explanation. Mihai Dohotaru ’13, a recipient of a Summer Levitt Research Fellowship Grant, will work toward the answer with Professor of Economics Christophre Georges over the course of his project “The Housing Bubble and the U.S. Labor Market after the ‘Great Recession.’”  More ...

Georges Presents Paper at Australia Conference
Professor of Economics Chris Georges presented a paper, "A Hedonic Approach to Product Innovation in an Agent-Based Macroeconomic Model," at the 15th International Conference on Computing in Economics and Finance in Sydney, Australia, in July. The paper develops an approach to product innovation suitable for very large scale agent-based macroeconomic modeling. More ...
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