kaal:claim:3396522-040

The authors adopt Schilling and Uhlig's result that official money and cryptocurrencies can co-exist in a manner consistent with stability, rejecting the framing that private currency and central bank money are necessarily mutually exclusive.

Source quote, verbatim

For our purposes, the important result is that it is possible for official money and cryptocurrencies to co-exist in a manner consistent with stability.

From

Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies (2019), V. Conclusion and Outlook, p. 51
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

Holds when

drawn from a model with decentralized Bitcoin production and a Dollar supply controlled to an inflation target

Classification

empiricalsupport: evidencedtokenomicseconomics

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