About

Allan Pedersen is an independent researcher in monetary economics and the history of central banking. His current programme asks how the codified rules of a monetary settlement shape what supervisors can see — from Competition and Credit Control in 1971 to today’s stablecoin perimeter — and what “moneyness” means when private money is issued outside the banking system. Six working papers appear in the Philosophers Mint Working Papers series (RePEc:pmt:wpaper); two were published by SUERF – The European Money and Finance Forum as Policy Notes No. 411 and No. 413. He is also the author of The Price of Thinking (2026; DOI 10.5281/zenodo.20686703), the AI story explained with the tools of a first economics course, free to read online.

ORCID 0009-0008-2373-6965 · RePEc/IDEAS author page · SSRN author page · Google Scholar · Wikidata Q141439927 · LinkedIn

He trained as an economist at the University of Aarhus (cand.oecon.) and at Harvard Business School (MBA), and spent thirty years in regulated financial services, private equity and digital-asset infrastructure — most recently as founder of an EU-regulated stablecoin issuer — before turning to research. His investment and venture activities are at Aros Capital. Disclosure: he holds commercial interests in the digital-asset sector; individual papers carry specific disclosures where relevant.

Notes and essays

The Writing section is the counterpart to the papers: the pieces are shorter, the citations looser, and the arguments are allowed to be wrong — notes from work in progress, reading reactions, and the occasional longer essay when something has been bothering me for a while.

If you want to get in touch, the best way is by email. I read everything; I reply to most things, eventually.