SUERF Policy Brief No. 662 on the Adoption, Fragility and Regulation of Stablecoins

This policy brief discusses the lessons for stablecoin adoption, fragility, and appropriate regulation through the lens of a theoretical model:

It is based on my recently published working paper: Christoph Bertsch (2023), “Stablecoins: Adoption and Fragility,” Sveriges Riksbank Working Paper Series, No. 423.