Introduction to Blockchain Applications in Finance - Training Week

I. Introduction to Blockchain applications in finance (ASE) II. Scientific Writing (BFH)

Time & Location

03 Nov 2025, 09:00 – 07 Nov 2025, 17:00

Bucharest University of Economic Studies, Piața Romană 6, Room Robert Schuman, 010374 Bucharest, Romania

About the event

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The training week provides a comprehensive introduction to Blockchain Applications in Finance, covering both the fundamentals of blockchain technology and its practical applications in financial markets.

Participants will explore a broad set of topics, including cryptocurrencies, decentralized finance (DeFi), tokenization of assets, NFTs, and central bank digital currencies (CBDCs). Risk assessment methods such as spectral risk measures, stochastic dominance, regime-switching models, and Financial Risk Meter (FRM) will also be presented, alongside advanced lectures on AI and blockchain integration.

The program combines academic lectures, industry case studies, panel discussions, and hands-on project sessions. By the end of the week, participants will:

Understand blockchain fundamentals and financial applications.

Analyze risks and systemic implications of blockchain-based assets.

Explore opportunities and limitations of DeFi, NFTs, and digital assets.

Engage with reproducible research through Quantlet and Quantinar.

Begin developing doctoral projects to be presented at final sessions.

Modules and Credits

This training week is part of the MSCA Digital Finance Doctoral Program:

3–6 November: Foundation modules on blockchain, digital assets, and risk modeling _(4 ECTS)_

7 November: Research writing and publishing tutorials _(1 ECTS)_

30 January 2026: Final online group presentations

Prior Knowledge

Participants should have:

Basic understanding of finance, asset pricing, and risk measures

Programming experience in Python or R (data analysis, visualization, econometrics)

Knowledge of statistics, linear algebra, and time-series analysis

Time Schedule

##### Monday (03/11)

08:50 - 09:20 → Registration

09:20 – 09:30 → Welcome – _Constantin Marius Profiroiu (Vice-Rector for International Relations),_ _Dorel Paraschiv (Vice-rector for Liaison with the Social and Business Environment, Student Cooperation)_

09:30 – 09:40 → Introduction to MSCA Digital Finance Training Week – _Daniel Traian Pele, Joerg Osterrieder_

09:40 – 10:40 → Blockchain Technology – _Wolfgang Karl Härdle_

11:00 – 12:00 → Blockchain for Social Good: The Case of Sarafu Network Community Asset Vouchers in Kenya – _Patricia Marcella Evite & Will Ruddick_

13:00 – 15:00 → Blockchain Business Models – _Frederik Bernard_

15:20 – 17:00 → Project: description and coding – _All_

##### Tuesday (04/11)

09:40 – 10:40 → Do Investors Buy Innovation: Market Responses to Ethereum Development Milestones – _Daniel Traian Pele_

11:00 – 12:00 → Stochastic Dominance in the Crypto Market – _Radu Lupu_

13:00 – 14:00 → Transformer CoVaR – _Weining Wang_

14:00 – 15:00 → No shortfall of ES estimators: Insights from cryptocurrency portfolios – _Matúš Horváth_

15:20 – 16:10 → Bayesian Estimation of Regime-Switching Bubbles with Time-Varying Probabilities – _Petre Caraiani_

16:10 – 17:00 → Project: description and coding – _All_

##### Wednesday (05/11)

09:40 – 10:40 → Blockchain Mechanism and Distributional Characteristics of Cryptos– _Wolfgang Karl Härdle_

11:00 – 12:00 → NFT and other Digital Assets– _Wolfgang Karl Härdle_

13:00 – 14:00 → Rough Volatility and Correlated Jumps– _Xiaorui Zuo_

14:10 – 15:10 → Pricing Kernels and Risk Premia– _Julian Winkel_

##### Thursday (06/11)

09:00 – 09:45 → Stable Coin Risks– _Daniel Traian Pele_

09:45 – 10:30 → Blockchain Characteristics and Systematic Risk: A Neural Network Based Factor Model for Cryptocurrencies– _Alla Petukhina_

10:45 – 11:30 → Bubbles all the way down? Detecting and date-stamping bubble behaviours in NFT and DeFi markets– _Lennart John Baals_

11:45 – 12:30 → Project Progress Presentations & Discussions– _All_

13:30 – 13:45 → Review and Coordination of MSCA Digital Finance– _Joerg Osterrieder_

13:45 – 14:35 → Blockchain in Finance: Research, Tools, and Visualisation Techniques– _Liana Stanca_

14:50 – 15:40 → Financial Risk Measures with Applications to the Cryptocurrency Market– _Rui Ren_

15:55 – 16:45 → Transmission Dynamics in Crypto Markets: Comparing Volatility and Liquidity Spillover Networks– _Barbara Bedowska Sojka_

##### Friday (07/11)

08:30 – 10:30 → What Makes a Good Paper – _Christina Sichtmann_

11:00 – 12:30 → The Review Process– _Christina Sichtmann_

14:00 – 15:30 → Tutorial: Find Ideas and Develop a Vision– _Christina Sichtmann_

16:00 – 18:00 → Tutorial: Establish a Writing Habit– _Christina Sichtmann_

##### Final Presentations (30/01/2026)

13:00 - 16:00 → Final Group Presentations (Online)

Speakers

Alla Petukhina Hochschule für Technik und Wirtschaft Berlin (HTW Berlin), Germany

Barbara Bedowska Sojka University of Poznan, Poland

Christina Sichtmann Bern University of Applied Sciences, Switzerland

Daniel Traian Pele IDA Institute Digital Assets, Bucharest University of Economic Studies; Institute for Economic Forecasting, Romanian Academy, Romania;

Frederik Bernard University of Twente, Netherlands

Joerg Osterrieder Coordinator MSCA Digital Finance

Julian Winkel Royalton Partners, Luxembourg

Lennart John Baals University of Twente, Netherlands

Liana Stanca Babes-Bolyai University, Cluj-Napoca, Romania

Matúš Horváth Masaryk University Brno, Czech

Patricia Marcella Evite University of Naples Federico II, Italy

Petre Caraiani Institute for Economic Forecasting, Romanian Academy; Bucharest University of Economic Studies, Romania

Radu Lupu IDA Institute Digital Assets, Bucharest University of Economic Studies; Institute for Economic Forecasting, Romanian Academy, Romania;

Rui Ren University of Augsburg, Germany

Weining Wang School of Economics, University of Bristol, UK; IDA Institute Digital Assets, Bucharest University of Economic Studies, Romania

Will Ruddick Grassroots Economics Foundation, Kenya

Wolfgang Karl Härdle IDA Institute Digital Assets, Bucharest University of Economic Studies, Romania

Xiaorui Zuo Technische Universität Berlin, Germany

Accommodation Options and Transport Information

Accommodation and Transport.pdf

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