Download This PaperStable Cryptocurrencies
Washington University Journal of Law and Policy, 2019, Forthcoming
U of St. Thomas (Minnesota) Legal Studies Research Paper No. 19-06
52 Pages Posted: 13 Jun 2019
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: Suggested Citation
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