Innovative Financial Instruments in EU Funding Schemes

Capability-Based Financial Instruments

Every novel cooperative arrangement of mutually suspicious parties interacting electronically — every smart contract — effectively requires a new cryptographic protocol. However, if every new contract requires new cryptographic protocol design, our dreams of cryptographically enabled electronic commerce would be unreachable. Cryptographic protocol design is too hard and expensive, given our unl...

Financial Instruments in Recommendation Mechanisms

Open Source, EU Funding and Agile Methods

This paper walks through different aspects of agility within the open-source PyPy project. Agility has played a key role from the beginning. The PyPy project started from some mails between a few people, quickly had a first one-week meeting, a “sprint”, from where it evolved into a structure that was able to carry out a research project and got accepted by the European Union. During the course,...

Scientific Research Funding From The EU

The Seventh Framework Programme for research and technological development (FP7) is the European Union’s main instrument for funding research in Europe. FP7, which applies to the years 2007-2013, is the natural successor to the Sixth Framework Programme (FP6), and is the result of years of consultation with the scientific community, research and policy making institutions, and other interested ...

Bank Funding and Financial Stability

The crisis of 2007–2008 was a crisis of collateral. Since then, financial market participants – particularly in the euro area and the United States – have shown an increased appetite for secured lending. In short-term bank funding markets, there has been a pronounced shift towards repurchase arrangements. And covered bonds have gained in popularity in long-term funding markets. The cyclical fli...