Title
              Associate Vice Chancellor and Chief Innovation & Entrepreneurship Officer
          
            Department
                        Haas School of Business
              
      
            Faculty URL
              https://iande.berkeley.edu/people
          
                  Email
              lyons@berkeley.edu
          
                          
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                  Research Expertise and Interest
                            foreign exchange markets              
      
            Research Description
              Richard Lyons is Associate Vice Chancellor and Chief Innovation & Entrepreneurship Officer, and former Dean of Berkeley Haas.? He worked on exchange rates, but from a "micro" perspective rather than the traditional "macro" perspective. The micro approach uses data on transactions in currency markets to address how this market absorbs new information. It is both "information theoretic" and quite applied in that it addresses the phenomenon (price determination) at its source. His most recent work in this area is on stable coins, which are cryptocurrencies pegged to other currencies like the US dollar or hard assets like gold. He is also writing more now on innovation and how cultures of innovation can be developed in companies and in geographic regions.?