1,046
Views
1
CrossRef citations to date
0
Altmetric
Research Article

The potential impacts and risks of global stablecoins

&
Pages 39-51 | Received 27 Oct 2020, Published online: 15 Jan 2021

References

  • Adachi, M., M. Cominetta, C. Kaufmann, and A. van der Kraaij. 2020. “A Regulatory and Financial Stability Perspective on Global Stablecoins. Macroprudential Bulletin.” European Central Bank 10: 1–10.
  • Adrian, T., and T. Mancini-Griffoli. 2019. “The Rise of Digital Money.”  Fintech Notes 19: 1–16. International Monetary Fund.
  • Barontini, C., and H. Holden. 2019. “Proceeding with Caution: A Survey on Central Bank Digital Currency.” BIS Papers 101: 1–20.
  • Bullmann, D., J. Klemm, and A. Pinna. 2019. “In Search for Stability in Crypto‑assets: Are Stablecoins the Solution?” Occasional Paper Series 230: 1–53. ECB.
  • Reuters. Escritt, T. 2019-09-21. “U.S. Dollar to Be Main Currency Underpinning Facebook’s Libra: Spiegel [EB/OL].” https://in.finance.yahoo.com/news/u-dollar-main-currency-underpinning-174948330.html
  • Facebook. 2019. Libra White Paper [EB/OL]. https://libra.org/zh-CN/white-paper/?noredirect=zh-Hans-CN
  • Financial Stability Board. 2020. “Regulation, Supervision and Oversight of “Global Stablecoin” Arrangements.” Final Report and High-Level Recommendations.
  • Fisher, I. assisted by H. G. Brown. 1911. The Purchasing Power of Money. New York: Macmillan (2nd edn 1913. reprinted in Fisher (1997) Vol. 4.
  • Foley, S., J. R. Karlsen, and T. J. Putnins. 2019. “Sex, Drugs, and Bitcoin: How Much Illegal Activity Is Financed through Cryptocurrencies?” Review of Financial Studies 32 (5): 1798–1853. doi:10.1093/rfs/hhz015.
  • G7Working Group on Stablecoins. 2019. “Investigating the Impact of Global Stablecoins.”
  • Gandal, N., J. Hamrick, T. Moore, and T. Oberman. 2018. “Price Manipulation in the Bitcoin Ecosystem.” Journal of Monetary Economics 95: 86–96. doi:10.1016/j.jmoneco.2017.12.004.
  • Hayek, F. A. 1990. Denationalisation of Money – The Argument Refined: An Analysis of the Theory and Practice of Concurrent Currencies. 3rd ed ed. London: Institute of Economic Affairs.
  • Hileman, G. 2019. “State of Stablecoins.” working paper.
  • Kaponda, K. 2018. “Bitcoin the ‘Digital Gold’ and Its Regulatory Challenges.” working paper.
  • Zetzsche, D., R. Buckley, and D. Arner. 2020. “Regulating Libra: The Transformative Potential of Facebook’s Cryptocurrency and Possible Regulatory Responses.” European Banking Institute Working Paper Series, Vol. 44.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.