Hadar Yoana Jabotinsky

The Hadar Jabotinsky Center for Interdisciplinary Research of Financial Markets

On November 30, 2022 OpenAI released an AI based chatbot called ChatGPT (Generative Pre-trained Transformer). This AI system uses natural language processing (NLP) techniques to generate written text by learning the patterns and structures of natural language. ChatGPT is a versatile chatbot with the ability to write speeches, news articles, and ess...

Non-fungible tokens (NFTs) are unique tokens stored on a digital ledger – the blockchain. They are meant to represent unique, non-interchangeable digital assets, as there is only one token with that exact data. Moreover, the information attached to the token cannot be altered as on a regular database. While copies of these digital items are availab...

Whilst there is widespread agreement among decision makers that fostering innovation should be a priority, there is far less consensus on how to achieve this objective. Given the fact that the effects of new technologies are often unknown, in the early stages of technological development, there might be insufficient information for conducting a cos...

Everybody is talking about Cryptocurrencies. These digital tokens, which began as a one-asset market, have swiftly ballooned into a massive and diverse “cryptomarket”. The cryptomarket is still mostly unregulated, but this is about to change, as a presidential executive order on “crypto strategy” reportedly lurks ahead. In light of the expected reg...

This article proposes a new perspective for analyzing regulatory reform by emphasizing the important role of policy entrepreneurs. We provide a framework for understanding the interaction between appointed regulators and politicians, as well as other players in the policy arena, by emphasizing the strategies that entrepreneurial regulators use to p...

As cryptocurrencies gain popularity, the issue of how to regulate them becomes more pressing. The attractiveness of cryptocurrencies is due in part to their decentralized, peer-to-peer structure. This makes them an alternative to national currencies which are controlled by central banks. Given that these cryptocurrencies are already replacing some...

There is a growing literature about the question of who should regulate the regulators. This paper is interested in the question of how to regulate the regulators. More specifically, it explores how far it may be feasible to apply rules and principles of good corporate governance to the governance of financial regulators and financial regulatory in...

This paper analyzes the financial regulatory structure of the US (federal level) from the point of view of information-flow. Two central discussions regarding regulation of the financial sector have been developing simultaneously: one regards the role of financial regulators in crisis prevention and mitigation, the other considers the efficiency of...

The revolving doors phenomenon, in which senior public officials transfer from the public service to the private sector after finishing their term as public officials, and vice versa, is widespread. This gives rise to concern of regulatory capture, which happens when the regulators respond to the wishes of strong interest groups, such as the regula...