Stable Cryptocurrencies
Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao · 2019
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 policy making, 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. Key Words: 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, Initial Coin Offerings, Blockchain, Distributed Ledger Technology JEL Categories: K20, K23, K32, L43, L5, O31, O32 * Professor of Mathematics, Metropolitan State University (Minneapolis, USA) ** Professor of Law, University of St. Thomas School of Law (Minneapolis, USA) *** Professor of Finance, Metropolitan State University (Minneapolis, USA) 0 Electronic copy available at: https://ssrn.com/abstract=3396522
Cite: Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies (2019). SSRN: https://ssrn.com/abstract=3396522. https://doi.org/10.2139/ssrn.3396522
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