Stablecoins’ quest for money: who is afraid of credit?

Senner, Richard; Chanson, Mathieu

doi:10.2139/ssrn.3940320

Cited by 4 publications

(2 citation statements)

References 14 publications

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“…DSPVs can be multi-tranche, giving investors a choice between a lower risk investment with stable returns and a higher risk investment with variable returns. This model is being implemented by Centrifuge Inc., which recently integrated its Tinlake marketplace with MakerDAO to provide loans that are backed by realworld assets 36 . Tokenized assets may also be integrated with financial oracles that aggregate real-time performance and valuation data.…”

Section: Sponsored Daomentioning

confidence: 99%

Accumulate: An identity-based blockchain protocol with cross-chain support, human-readable addresses, and key management capabilities

Michelson¹,

Sridharan²,

Cabuk³

et al. 2022

Preprint

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The Accumulate Protocol ("Accumulate") is an identity-based, Delegated Proof of Stake (DPoS) blockchain designed to power the digital economy through interoperability with Layer-1 blockchains, integration with enterprise tech stacks, and interfacing with the World Wide Web. Accumulate bypasses the trilemma of security, scalability, and decentralization by implementing a chain-of-chains architecture in which digital identities with the ability to manage keys, tokens, data, and other identities are treated as their own independent blockchains. This architecture allows these identities, known as Accumulate Digital Identifiers (ADIs), to be processed and validated in parallel over the Accumulate network. Each ADI also possesses a hierarchical set of keys with different priority levels that allow users to manage their security over time and create complex signature authorization schemes that expand the utility of multi-signature transactions. A two token system provides predictable costs for enterprise users, while anchoring all transactions to Layer-1 blockchains provides enterprise-grade security to everyone.

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Section: Sponsored Daomentioning

confidence: 99%

Accumulate: An identity-based blockchain protocol with cross-chain support, human-readable addresses, and key management capabilities

Michelson¹,

Sridharan²,

Cabuk³

et al. 2022

Preprint

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show abstract

“…However, the combination of high inflation and large central bank balance sheets after 2021 has given the relationship between money supply and inflation a resurgence in importance(Senner & Surbek, 2022).…”

mentioning

confidence: 99%

Endogenous money supply, global liquidity and financial transactions: Panel evidence from OECD countries

Śliwiński

2023

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Research background: Endogenous money creation is an inherent feature of today?s economies and widely accepted phenomenon. As the various theories of money rely on the money quantity equation, most empirical research is heading towards the analysis of the two-way relationship between the quantity of money and nominal GDP. In today's world, with the extraordinary development of the financial sector, money is used not only for transactions in the real economy, but increasingly also for purchasing financial assets. This observation was absorbed by Werner in the quantity theory of disaggregated credit. Purpose of the article: The aim of the paper is to join the debate on endogenous character of money supply by tasting a disaggregated equation of money. It assumes that the domestic money supply is positively determined not only by growth in GDP-based transactions but also by growth in non-GDP-based transactions (financial transactions). Additionally, it is assumed that in the age of globalization it can be also positively influenced by the global liquidity. Methods: Testing of the above-mentioned hypotheses takes place with the use of panel unit roots tests, panel Granger causality test and panel estimations (OLS, models with fixed/random effects, GMM). In the study, annual data from 2002 to 2018 for OECD countries were chosen for statistical research. Findings & value added: The article confirms the hypothesis that real and financial economic activity together with global liquidity positively influence domestic credit and thus money supply. As the amount of money in an economy is driven not only by the real economy but also by the financial economy, prudential regulations that restrict leverage (and thus control the amount of credit) and limit risk-taking during price bubbles periods should be therefore considered. In the research, the reaction of domestic money supply to the changes in US money supply is positive. It confirms the importance of spill-over effect of expansionary policy in major economies to other economies.

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Kulturevolutionäre Erkundungen zum Potenzial postkapitalistischer Medien am Beispiel von Blockchain-Technologien

Pahl,

Löffler

2024

Handbuch Medientheorien Im 21. Jahrhundert

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Stablecoins’ quest for money: who is afraid of credit?

Cited by 4 publications

References 14 publications

Accumulate: An identity-based blockchain protocol with cross-chain support, human-readable addresses, and key management capabilities

Accumulate: An identity-based blockchain protocol with cross-chain support, human-readable addresses, and key management capabilities

Endogenous money supply, global liquidity and financial transactions: Panel evidence from OECD countries

Kulturevolutionäre Erkundungen zum Potenzial postkapitalistischer Medien am Beispiel von Blockchain-Technologien

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