{
 "@context": "https://schema.org",
 "@type": "DefinedTerm",
 "@id": "https://wulfkaal.github.io/entities/market-confidence",
 "identifier": "kaal:entity:market-confidence",
 "name": "Market confidence",
 "termCode": "market-confidence",
 "inDefinedTermSet": {
  "@id": "https://wulfkaal.github.io/entities/index.json"
 },
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
 "dateModified": "2026-07-29",
 "canonicalForm": "https://wulfkaal.github.io/entities/market-confidence.md",
 "sha256": "e7edcd440b0d364b013b1c826336b0050cf7453dfd39c53cd721b2aebe8b3f37",
 "additionalProperty": [
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   "name": "status",
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   "value": 2
  },
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   "value": 2
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   "@type": "PropertyValue",
   "name": "year_span",
   "value": [
    "2012",
    "2021"
   ]
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  }
 ],
 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2061166-014",
   "identifier": "kaal:claim:2061166-014",
   "text": "Because German law fixes no threshold conditions or determining factors for market reception or market confidence, the systemic relevance and contagion determinations that turn on those factors can never be made in a reliable and objective manner.",
   "abstract": "The German law does not stipulate any threshold conditions or determining factors for market reception or confidence. As a result, it will always be difficult to determine any of these factors in a reliable and objective manner.",
   "citation": "Christoph K. Henkel, Wulf A. Kaal, Contingent Capital in European Union Bank Restructuring (2012). SSRN: https://ssrn.com/abstract=2061166",
   "datePublished": "2012",
   "claim_type": "failure",
   "confidence": "argued",
   "is_failure_mode": true,
   "scope_conditions": [
    "determination of systemic threat under the German Banking Act"
   ],
   "source_pdf_sha256": "43625ea260d0fc045e86d3435df50c9d0ca4abf8542e6085a6165be6653b4a7b",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3808873-034",
   "identifier": "kaal:claim:3808873-034",
   "text": "Because basic standards for the governance of digital assets were still missing at the beginning of the 2020s, the digital asset market stagnated and decentralized finance remained in its infancy; without standards and governance, certainty and market confidence cannot develop.",
   "abstract": "At the beginning of the 2020s, basic standards for the governance of digital assets were still missing. As a result, the digital asset market stagnated and DeFi (decentralized finance) remained in its infancy.",
   "citation": "Wulf A. Kaal, Decentralization Neutralizers (2021). SSRN: https://ssrn.com/abstract=3808873",
   "datePublished": "2021",
   "claim_type": "condition",
   "confidence": "argued",
   "is_failure_mode": true,
   "scope_conditions": [
    "digital asset markets at the beginning of the 2020s"
   ],
   "source_pdf_sha256": "f11493915e6b8c266d421510b5546816e33defb5650aac9d09b20d78549da727",
   "status": "current"
  }
 ],
 "description": "2 claims in the published works of Wulf A. Kaal carry the concept tag 'market-confidence'. Derived node: a roster, not an adjudicated definition."
}