Dr. Jonathan Ravn Karlsen is a research fellow at the Digital Finance Cooperative Research Center (DFCRC) and previously held research positions at the Financial Conduct Authority (FCA) and the Digital Currency Cooperative Research Center.

He holds a PhD in Finance from the University of Technology Sydney (UTS), a Master in Applied Economics and Finance (AEF), and a Bachelor of Economics and Business Administration (Ha Almen) from Copenhagen Business School (CBS).

Jonathan’s research focuses on digital finance including the economic benefits from Digital Finance innovation and the unintended facilitation of illicit activity including darknet markets, ransomware attacks, and money laundering. His research interests also include several aspects of financial markets – market integrity and financial misconduct including market manipulation and insider trading. He is published in the Review of Financial Studies:

• Foley, S., J.R. Karlsen, and T.J. Putniņš, 2019, Sex, drugs, and bitcoin: How much illegal activity is financed through cryptocurrencies?, Review of Financial Studies 32, 1798–1853.

Link to SSRN author page

1) “Measuring global market integrity” (with S. Foley and T. Putnins)

2) “Economic impact potential of real-world asset tokenization” (with M. Baltais, T. Putnins, and E. Sondore)

3) “Quantifying ransomware attacks” (with V. Patel and T. Putnins)

4) “Is Lithium an opportunity or impediment to decarbonization of the economy?” (with T. Putnins, R. Raasuke, and R. Rannala)

5) “The asymmetric volatility of cryptocurrencies: What is the effect of leveraged trading?” (with T. Putnins and Y. Wen)

6) “Charging up on lithium – The metal or the miner?” (with D. Baur and L. Tay)

7) "A new system of tracking money laundering through cryptocurrencies." (with R. Avice and T. Putnins)

8) "Is the PRA price right?" (with D. Baur and L. Tay)

FINA5524 Trading and Markets

FINA5534 Digital Finance

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