# kaal:claim:3396522-028

**Claim.** The authors qualify their own case: stable cryptocurrencies can experiment with monetary policy on an unprecedented scale only because they are insulated from real world complexities and political positioning, and that advantage shrinks once real world market factors actually apply to them.

**Type.** failure  **Support.** argued

**Holds when.**

- applies as stable cryptocurrencies scale into real world use

**Source quote.**

> This allows them to experiment with monetary policy tools on an unprecedented scale. Such experimentation is limited if and when real-world market factors pertain to such stable cryptocurrencies.

**From.** Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, *Stable Cryptocurrencies* (2019), IV. Stable Cryptocurrencies, 7. Price Stability, page 39

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

**Verify.** sha256 of source PDF `ef5031b16aa53476ed618f0bdf92601cd4affb893692c701134bd9cba3ea8acf` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Calcaterra%20et%20al.%20-%202019%20-%20Stable%20Cryptocurrencies.pdf

**Failure mode.** experimentation-advantage-erodes-at-scale  (family: scalability-and-throughput-limit)

**Topics.** tokenomics, systemic-risk

**Keywords.** monetary-policy, experimentation, central-banks, limits, stablecoins

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.