Author

Hui Gong

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Preprint Jul 2026

Settlement Infrastructure, Inside Money Elasticity, and the Network Economics of Distributed Ledger Technology

We construct the Settlement Modernisation Index, a panel dataset of 809 reform events across 24 advanced economies between 1993 and 2024, decomposed into three economic channels and three adoption phases. We document an S-curve in inside money elasticity with two interior turning points at SMI = 0.27 and 0.93, separati...

Michail Samawi, Hui Gong, Francesca Medda · 0 citations

Preprint Aug 2026

Authority-Inference Separation in Agentic Finance: First-Line Control, Blockchain Enforcement, and Replayable Assurance

This study develops and evaluates Authority-Inference Separation (AIS), an intent-centered architecture for bounded agentic finance that decides whether a specific intent may act, while blockchain can make granted authority bounded, executable, and independently observable.

Hui Gong, Michail Samawi, Francesca Medda · 1 citation