| 来源类型 | VoxEU Column |
| 规范类型 | 评论 |
| Stable coins don't inflate crypto markets | |
| Richard K Lyons; Ganesh Viswanath-Natraj | |
| 发表日期 | 2020-04-17 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Does stable coin issuance have an inflationary effect on cryptocurrency prices such as Bitcoin? This column argues that aggregate stable coin issuance does not drive crypto prices, in contrast to claims from previous studies. Instead, it claims that issuance behaviour can be explained as maintaining a decentralised system of exchange rate pegs and acting as a safe haven in the digital asset economy. The latter can be demonstrated by the significant stable coin premiums during the COVID-19 panic of March 2020. |
| 主题 | Frontiers of economic research |
| 关键词 | stable coins Bitcoin crypto prices tether Cryptocurrency |
| URL | https://cepr.org/voxeu/columns/stable-coins-dont-inflate-crypto-markets |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/554961 |
| 推荐引用方式 GB/T 7714 | Richard K Lyons,Ganesh Viswanath-Natraj. Stable coins don't inflate crypto markets. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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