Journal Articles:

  • Liebi, L.J. (2022). Is there a value premium in cryptoasset markets?. Economic Modelling (forthcoming).
  • Liebi, L.J. (2022). Book review: Decentralized finance after Bitcoin & Ethereum. Financial Markets and Portfolio Management (forthcoming).
  • Liebi, L.J. (2021). Antony Lewis: The basics of bitcoins and blockchains. Financial Markets and Portfolio Management 35, 145–147
  • Liebi, L.J. (2020). The effect of ETFs on financial markets: a literature review. Financial Markets and Portfolio Management, 34(2), 165-178.

Working Papers:

  • Ammann M., Stöckl S., Burdorf T., Liebi, L.J. (2020). Survivorship bias and cryptoasset returns.
  • Liebi, L.J. (2021). Raining Cryptos. Available at SSRN 3918432
  • Adams, Z., Liebi, L.J. (2020). Household location choice in Switzerland. Available at SSRN 3860106

In the Media:


  • 4th UWA Blockchain and Cryptocurrency Conference, 2021
  • European Financial Management Association, 2021
  • World Finance Conference, 2021
  • The American Real Estate and Urban Economics Association, 2021 (presented by Co-author)
  • Research Seminar – University of Liechtenstein, 2021
  • University of St. Gallen, 2021

R Book


  • hodlR – had to delete this project due to several reasons. I am willing to share my code on request


  • Asset Allocation
  • Behavioural Finance
  • Cryptoassets
  • Portfoliotheory and CAPM
  • Blockchain Technology and Cryptocurrencies


  • University of St. Gallen
    Ph.D Candidate in Finance (2019-present)
  • University of Applied Sciences Zurich
    MAS in Financial Consulting (2021-2022)
  • University of St. Gallen
    Master of Arts in Banking and Finance (2017-2019)
  • University of Zurich
    Bachelor of Arts in Banking and Finance (2014-2017)

Extracurricular Activities

  • Swiss Armed Forces
    Military Policeman Grenadier (2013-2020)


  • Scuba Diving (Certified Rescue Diver)
  • Skydiving (Swiss Skydive Licence)
  • Wingsuiting (Jumping a beautiful SQRL ATC2)
  • Motorbike riding (Kawasaki Ninja ZX10R)
  • Climbing (6a)
  • Speedride & speedfly