# kaal:claim:3396522-040

**Claim.** 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.

**Type.** empirical  **Support.** evidenced

**Holds when.**

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

**Source quote.**

> 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, page 51

**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

**Topics.** tokenomics, economics

**Keywords.** monetary-competition, price-stability, coexistence, monetary-policy, literature

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