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Stablecoins and their risks to financial stability
MacDonald, Cameron; Zhao, Laura - 2022
The market for fiat-referenced cryptoassets, commonly known as stablecoins, has expanded rapidly in recent years alongside the growth of the cryptoasset ecosystem. In fact, the market capitalization of stablecoins increased by more than 30 times since the beginning of 2020. What risks could...
Persistent link: https://www.econbiz.de/10013465126
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Fintech Finance and Financial Fragility ― Focusing on China
Lai, Rose Neng - 2017
Financial Technology (Fintech) is evolving quickly within the financial system, giving rise to new forms of lending and … opening up a version of shadow banking. This is particularly true in China. While Fintech finance and shadow banks can improve … risks of Fintech finance to financial sectors, with particular examples for China. These risks are most likely to be …
Persistent link: https://www.econbiz.de/10012943079
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Crypto assets as a threat to financial market stability
Joebges, Heike; Herr, Hansjörg; Kellermann, Christian - 2024
Crypto assets' partial money-like use promotes toxic developments in the financial system. Even though crypto assets might be regarded as close substitutes to traditional money, we show that they lack important functions of money. Traditional fiat money requires several interacting institutions...
Persistent link: https://www.econbiz.de/10014537252
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Central bank digital currency as a potential source of financial instability
Selgin, George A. - In: The Cato journal : an interdisciplinary journal of … 41 (2021) 2, pp. 333-341
Persistent link: https://www.econbiz.de/10012703118
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Fintech: is this time different? : a framework for assessing risks and opportunities for central banks
Aaron, Meyer; Rivadeneyra, Francisco; Sohal, Samantha - 2017
We investigate the risks and opportunities to the mandates of central banks arising from fintech developments. Fintech …
Persistent link: https://www.econbiz.de/10011689315
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On the fragility of DeFi lending
Chiu, Jonathan; Ozdenoren, Emre; Yuan, Kathy; Zhang, … - 2023 - Last updated: February 22, 2023
We develop a dynamic model of decentralized finance (DeFi) lending that incorporates two/these key features: 1) borrowing and lending are decentralized, anonymous, overcollateralized and backed by the market value of crypto assets where contract terms are pre-specified and rigid; and 2)...
Persistent link: https://www.econbiz.de/10014232356
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Financing our Anthropocene : How Wall Street, Main Street and Central Banks Can Manage, Fund and Hedge Our Global Commons
Brunnhuber, Stefan - 2023
system. This book analyses how the development of cryptocurrencies based on blockchain distributed ledger technologies has …
Persistent link: https://www.econbiz.de/10013504744
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Applications or Approvals : What Drives Racial Disparities in the Paycheck Protection Program?
Chernenko, Sergey; Kaplan, Nathan; Sarkar, Asani; … - 2022
than white-owned firms to borrow from banks and more likely to borrow from fintech lenders is driven entirely by …
Persistent link: https://www.econbiz.de/10014236163
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Applications or Approvals : What Drives Racial Disparities in the Paycheck Protection Program?
Chernenko, Sergey; Kaplan, Nathan; Sarkar, Asani; … - National Bureau of Economic Research - 2023
less likely than white-owned recipients to borrow from banks and more likely to borrow from fintech lenders is driven …
Persistent link: https://www.econbiz.de/10014250189
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Applications or approvals : what drives racial disparities in the Paycheck Protection Program?
Chernenko, Sergey; Kaplan, Nathan; Sarkar, Asani; … - 2023
recipients are less likely than whiteowned recipients to borrow from banks and more likely to borrow from fintech lenders is …
Persistent link: https://www.econbiz.de/10014283621