Christine Parlour

About

Christine Parlour is the Sylvan C. Coleman Chair of Finance and Accounting at UC Berkeley Haas. Her work primarily focuses on institutionally complex areas such as market microstructure and banking, with current research emphasizing changes in the payments system and their effects on bank balance sheets. She has contributed to major finance and economics journals and has served on the Nasdaq Economic Advisory Board as well as on the steering committee for the New Special Study of Securities Markets. Her expertise includes fintech, digital payments, credit markets, finance, microstructure, and banking.

Research topics

• Computer Science
• Business
• Economics
• Finance
• Microeconomics
• Computer Security
• Monetary economics
• Financial system
• Medicine
• Marketing

Selected publications

• Cryptocurrencies: Stylized facts on a new investible instrument

  Financial Management · 2019-11-21 · 158 citations

  articleOpen accessCorresponding

  Abstract We present stylized facts on the asset pricing properties of cryptocurrencies: summary statistics on cryptocurrency return properties and measures of common variation for secondary market returns on 222 digital coins. In our sample, secondary market returns of all other currencies are strongly correlated with Bitcoin returns. We also provide some investment characteristics of a sample of 64 initial coin offerings.

  PublisherOA PDFDOI

• When FinTech Competes for Payment Flows

  Review of Financial Studies · 2022 · 141 citations

  1st authorCorresponding

  Abstract We study the impact of FinTech competition in payment services when a monopolist bank uses payment data to learn about consumers’ credit quality. Competition from FinTech payment providers disrupts this information spillover. The bank’s price for payment services and its loan offers are affected. FinTech competition promotes financial inclusion, may hurt consumers with a strong bank preference, and has an ambiguous effect on the loan market. Both FinTech data sales and consumer data por…

  PublisherDOI

• Cryptocurrencies: Stylized Facts on a New Investible Instrument

  SSRN Electronic Journal · 2018-01-01 · 94 citations

  articleOpen access
  PublisherDOI

• Decentralized Exchange: The Uniswap Automated Market Maker

  The Journal of Finance · 2024-12-20 · 88 citations

  articleSenior author

  ABSTRACT Uniswap is a system of smart contracts on the Ethereum blockchain and is the largest decentralized exchange with a liquidity balance worth up to 4 billion USD and daily trading volume of up to 7 billion USD. It is a new model of liquidity provision, so‐called automated market making. For this new market form, we characterize equilibrium in the liquidity pools. We collect all 95.8 million Uniswap interactions and compare this automated market maker (AMM) to a centralized limit order book…

  PublisherDOI

• Decentralized Exchanges

  SSRN Electronic Journal · 2021 · 77 citations

  Senior authorCorresponding
  DOI

Frequent coauthors

• Uday Rajan

  University of Michigan–Ann Arbor

  66 shared

• Johan Waldén

  University of California, Berkeley

  24 shared

• Thierry Foucault

  11 shared

• Richard Stanton

  University of California, Berkeley

  9 shared

• Ronald L. Goettler

  University of Rochester

  8 shared

• Alfred Lehar

  University of Calgary

  7 shared

• Marcus M. Opp

  6 shared

• Limor Golan

  6 shared

Labs

• Christine Parlour LabPI

Awards & honors

• Cheit Award for Excellence in Teaching
• Goldman Sachs Asset Management Quant Award for Best Paper in…
• WFA NYSE Best Equity Trading Paper

Similar researchers at University of California, Berkeley

• Ulrike Malmendierh-77
• Martin Lettauh-71
• Adair Morseh-56