kaal:claim:3402701-023

Determining what fraction of a currency is hot money is necessary for efficient defense of its stability, because the reserve requirement follows from that ratio rather than from a blanket full-backing rule.

Source quote, verbatim

Therefore determining the fraction of a currency that is hot money is necessary for efficient defense of its stability

From

Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies - First Order Principles (2019), 3.1.2.3 Hot Money Ratio, p. 21
https://ssrn.com/abstract=3402701 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies - First Order Principles (2019). SSRN: https://ssrn.com/abstract=3402701

Classification

conditionsupport: arguedeconomics

Related claims

extended_by kaal:claim:3782216-032 Determining what fraction of a currency is hot money is necessary for efficiently defending its stability: ove...

Verify

The quote above is an exact substring of the source PDF, whose sha256 is 72ed2581b4cac2bd18a5b2640be959487a3cbc34c86ab5e5664924bcdb53c8e0. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/388adabb16e7fae4...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3402701-023.md | sha256sum