Libra or Librae? Basket based stablecoins to mitigate foreign exchange volatility spillovers
Published in Finance Research Letters, 2021
Recommended citation: Giudici, P., Leach, T., & Pagnottoni, P. (2021). Libra or Librae? Basket based stablecoins to mitigate foreign exchange volatility spillovers. Finance Research Letters, 102054. https://doi.org/10.1016/j.frl.2021.102054
The paper aims to assess, from an empirical viewpoint, the advantages of a stablecoin whose value is derived from a basket of underlying currencies, against a stablecoin which is pegged to the value of one major currency, such as the dollar.
Recommended citation: Giudici, P., Leach, T., & Pagnottoni, P. (2021). Libra or Librae? Basket based stablecoins to mitigate foreign exchange volatility spillovers. Finance Research Letters, 102054.