Results 141 to 150 of about 224 (173)
Some of the next articles are maybe not open access.
SSRN Electronic Journal
Money is omnipresent. Yet defining its fundamental character proves surprisingly difficult. Functional descriptions tell us what money does, not what money is, and they certainly do not explain how something becomes money in the first place. These questions rarely surface in everyday commerce, but they become unavoidable when a new instrument emerges ...
Christopher K. Odinet +2 more
openaire +1 more source
Money is omnipresent. Yet defining its fundamental character proves surprisingly difficult. Functional descriptions tell us what money does, not what money is, and they certainly do not explain how something becomes money in the first place. These questions rarely surface in everyday commerce, but they become unavoidable when a new instrument emerges ...
Christopher K. Odinet +2 more
openaire +1 more source
Staff Reports (Federal Reserve Bank of New York)
We propose a theory of stablecoin disintermediation, whereby stablecoins not only erode banks’ deposit franchises but also transmit liquidity stress to the banking system. Using transaction-level data linking on-chain transactions to wholesale interbank payments, we document the first evidence of liquidity-driven bank disintermediation.
Michael Junho Lee, Donny Tou
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We propose a theory of stablecoin disintermediation, whereby stablecoins not only erode banks’ deposit franchises but also transmit liquidity stress to the banking system. Using transaction-level data linking on-chain transactions to wholesale interbank payments, we document the first evidence of liquidity-driven bank disintermediation.
Michael Junho Lee, Donny Tou
openaire +1 more source
Forecasting macroeconomic effects of stablecoin adoption: A Bayesian approach
Economic Modelling, 2022Andrej Mihailović +2 more
exaly
A Note On Stablecoin – Anti-Stablecoin Asymmetry
SSRN Electronic Journal, 2022openaire +1 more source
This chapter explores the conceptual foundations, typologies, and functional dynamics of stablecoins. It traces their evolution from experimental constructs to integral components of the global financial system, examining how international standard-setting bodies and national regulators define and categorise them.
openaire +1 more source
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Stablecoin as a New Financial Instrument
Lecture Notes in Networks and Systems, 2020E L Sidorenko, Sidorenko E L
exaly
Preferring stablecoin over dollar: Evidence from a survey of Ethereum platform traders
Journal of International Money and Finance, 2023exaly