| Pablo Azar | 
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Financial Research Economist                     
Phone 212-720-6557 | ||||
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| The Emergence of Tokenized Investment Funds and Their Use Cases  The Financial Stability Implications of Tokenized Investment Funds   Stablecoins and Crypto Shocks: An Update  The Origins of Market Power in DeFi  The DeFi Intermediation Chain  Stablecoins and Crypto Shocks   Runs on Stablecoins  Computer Saturation and the Productivity Slowdown  The Spillover Effects of COVID-19 on Productivity throughout the Supply Chain  Endogenous Supply Chains, Productivity, and COVID-19  Pablo Azar's CV  The views expressed in the papers listed on this page are those of the author(s) and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System. | 
