kaal:claim:3396522-002

Monetary policy making for fiat currencies largely lacks transparency, and that opacity prevents markets from taking anticipatory action on policy indicators.

A later claim in the corpus revises this one. Prefer quoting kaal:claim:3402701-035.

Source quote, verbatim

Lastly, monetary policy making for fiat currencies is largely lacking transparency. The lacking transparency of monetary policy making does not allow for anticipatory market action based on policy indicators.

From

Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies (2019), II. Fiat Currencies, 1. Arbitrary Policy Outcomes, p. 6
https://ssrn.com/abstract=3396522 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies (2019). SSRN: https://ssrn.com/abstract=3396522

Classification

failuresupport: arguedfailure: policy-opacity-blocks-anticipationfamily: information-asymmetrytokenomicsdisclosureeconomics

Verify

The quote above is an exact substring of the source PDF, whose sha256 is ef5031b16aa53476ed618f0bdf92601cd4affb893692c701134bd9cba3ea8acf. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/f9deb5012d6ad585...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3396522-002.md | sha256sum