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Economic Pharmakon

Derivatives as simultaneously remedy and poison. The hedging paradox: when risk management becomes wealth transfer infrastructure. Market microstructure as friction measurement.

3 papers · hosted on dissensus.ai

Preprint 2026

Alpha Asymmetry in Foreign Exchange Markets: An Investigation of Exploitability

Murad Farzulla

SSRN 6147567Zenodo 10.5281/zenodo.18638784

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Preprint 2026

Legitimate Extraction: Sophisticated Laundering Hides in Plain Sight

Hedging as the Fourth Money Laundering Stage

Murad Farzulla

SSRN 6145046Zenodo 10.5281/zenodo.17626620

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Preprint 2025

Privacy-Preserving Financial Surveillance: An Architectural Framework for CBDC Implementation

Murad Farzulla, Andrew Maksakov

Zenodo 10.5281/zenodo.17917938

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