Francesca Romana Medda is a Professor of Applied Economics and Finance at UCL. She is Director of UCL Institute of Finance and Technology, the innovation centre dedicated to finance and technology research and practice. Professor Medda’s key research areas are digital finance, impact & sustainable finance, and urban & infrastructure investments.
Professor Medda is an active advisor within the private and public sector and has worked with: The European Investment Bank, The World Bank, UNESCO, UN-Habitat, WILLIS Re, HALCROW, and UITP, among others. She is economic adviser to DEFRA (since 2012) and HM Treasury (since 2014). She is Vice President of the UK Parliamentary and Scientific Committee. In Italy, Professor Medda is coordinating the digital strategy for the Italian Financial Conduct and Supervisory Authority or Consob (since 2020). She also coordinates the group dedicated to the Consob regulatory sandbox, and is a member of the member of the Italian Fintech Committee.
The authors investigate the effectiveness of the Ether–Tether liquidity pool on the Uniswap V2 and note that cointegration between the price set by the liquidity pool and its price elsewhere is a necessary condition of effectiveness.