Congratulations to Emma Wang, my PhD student, on passing her viva yesterday. Dr Wang's thesis consists of three essays on different aspects of cross-border mergers. She has done some really nice work looking at the effect of takeover law on cross-border mergers, which will hopefully find a wider audience. Emma is a former graduate of the MSc Finance at Queen's. She has just started an academic position at the University of Northampton.
According to Robert Shiller , speaking at Davos, Bitcoin is a perfect example of a bubble - story here . Shiller sees Bitcoin as a backwards step in the evolution of money. George Selgin , a free banker, takes an opposing view - click here . Although he doesn't believe that Bitcoin is money, he sees its development as a fascinating turn in the evolution of money. In particular, he lauds the fact that Bitcoin production is constrained and cannot be infinite. There is a short video below where Bitcoin explain how it works.