PUBLICATIONS RELATED TO MASTERS THESIS IN ECONOMICS
Hayes, Adam. 2018. “Bitcoin Price and its Marginal Cost of Production: Support for a Fundamental Value.” Applied Economics Letters, 26(7): 554-560. (Download Paper)
Tasca, Paolo, Adam Hayes, Shuzhen Liu. 2017. “The Evolution of the Bitcoin Economy: Extracting and Analyzing the Network of Payment Relationships.” Journal of Risk Finance, 19(2): 94-126. (Download Paper)
Hayes, Adam. 2016 “Cryptocurrency Value Formation: An empirical study leading to a
cost of production model for valuing Bitcoin.” Telematics and Informatics, 34(7): 1308-1321. (Download Paper)
Hayes, Adam. 2016. “Decentralized Banking: Monetary Technocracy in the Digital Age.” In
Banking Beyond Banks and Money (pp. 121-131). Springer International Publishing. (Download Chapter)
Hayes, Adam and Paolo Tasca. 2016. “Blockchain and Crypto-currencies.” In The FinTech Book: The Financial Technology Handbook for Investors, Entrepreneurs and Visionaries. (pp. 217-220). Wiley & Sons.