Stable Cryptocurrencies

52 Pages Posted: 13 Jun 2019

See all articles by Craig Calcaterra

Craig Calcaterra

Department of Mathematics, Metropolitan State University

Wulf A. Kaal

University of St. Thomas, Minnesota - School of Law

Vadhindran K. Rao

Metropolitan State University

Date Written: May 30, 2019

Abstract

The authors examine the emergence and proliferation of stable cryptocurrencies and their uses. After evaluating the core shortcomings associated with fiat currencies, the authors highlight the benefits of stable cryptocurrencies for monetary policymaking, overall market stability, and their bilateral impact on the emergence of decentralized commerce. The transition to digital currencies has already started. It is a matter of time until the use cases and applications of stable cryptocurrencies become more mainstream.

Keywords: Stable Cryptocurrencies, Liquidity, Corruption, Cost, Speculation, Inflation, Price Stability, Transparency, Feedback Effects, Market Stability, Stability Mechanisms, Monetary Policy, Emerging Technology, Crypto Economics, Token Models, Incentive Design, Velocity, Supply, Demand, Tokens

JEL Classification: K20, K23, K32, L43, L5, O31, O32

Suggested Citation

Calcaterra, Craig and Kaal, Wulf A. and Rao, Vadhindran K., Stable Cryptocurrencies (May 30, 2019). Washington University Journal of Law and Policy, 2019, Forthcoming. Available at SSRN: https://ssrn.com/abstract=3396522 or http://dx.doi.org/10.2139/ssrn.3396522

Craig Calcaterra

Department of Mathematics, Metropolitan State University ( email )

700 East Seventh Street
St. Paul, MN 55106
United States

Wulf A. Kaal (Contact Author)

University of St. Thomas, Minnesota - School of Law ( email )

MSL 400, 1000 La Salle Avenue
Minneapolis, MN Minnesota 55403-2005
United States

Vadhindran K. Rao

Metropolitan State University ( email )

700 East Seventh Street
St. Paul, MN 55106
United States

HOME PAGE: http://www.metrostate.edu

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