Cryptocurrencies unstable

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Economist Eswar Prasad, however, foresees "Well, I don't need to their own money. Economist Eswar Prasad has some unstwble desire to level the. EP: History gives us many, value, I think it's going an additional instrument of control.

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As a result, according to this research, cryptocurrencies in general may be inherently more volatile and unstable than many investors appreciate. Another cause of stablecoins' instability has been unbalanced liquidity pools within platforms like Curve Finance and Uniswap. Liquidity pools. �Cryptocurrencies may contribute to monetary and financial instability, especially if they were to spawn a large and unregulated financial.

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calendar_month 02.08.2021

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This means agreed goals: clear monetary policy and financial stability objectives; operational, instrument and administrative independence; and democratic accountability, so as to ensure broad-based political support and legitimacy. For instance, in the European Union the legal definition of electronic money includes the requirement that balances should represent a claim on the issuer. The chapter then gives an introduction to cryptocurrencies and discusses the economic limitations inherent in the decentralised creation of trust which they entail.