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Demelza Hays

Demelza Hays is a doctorate student in the Department of Economics at the University of Liechtenstein in Europe. Prior to attending the University of Liechtenstein, Demelza completed her Master's in Economics at the Toulouse School of Economics in Southern France. As a Summer Fellow at the Mises Institute, she investigated if cryptocurrency is compatible with fractional reserve banking. Demelza is also a Frédéric Bastiat Fellow at the Mercatus Center and a Fulbright Scholar. Under the auspices of the Fulbright Scholarship, Demelza studied the relationship between weak property rights and economic activity in India at Panjab University. In 2015, Demelza's essay, Privacy Versus Security: Does a Tradeoff Really Exist? won first place in the 2015 Fraser Institute essay contest.

All Works

Will Cryptos Fulfill Hayek's Vision of Private, De-Nationalized Money

Financial MarketsMoney and BanksMoney and Banking


With cryptocurrencies, currency competition in the spirit of Hayek has become possible even in the absence of self-limitation by governments.

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De-Homogenizing Cryptocurrencies

Money and Banks

Over 1000 different cryptocurrencies exist, and their uses and values can vary considerably.
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Central Banks Are Driving Many to Cryptocurrencies

Financial MarketsMoney and BanksMoney and Banking

The experimental and destructive monetary policies of central banks are driving many to flee to cryptocurrencies in hopes of finding some stability.
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