
Facebook’s libra could disrupt collateral markets – IMF paper

Plans by Facebook and other private companies to issue so-called stablecoins backed by government securities could disrupt the supply of collateral to financial markets, says a new working paper from the International Monetary Fund.
In the IMF working paper, called Privacy provision, payment latency and role of collateral, authors Charles Kahn, Caitlin Long and Manmohan Singh argue that digital currencies are analogous to collateral reuse, where securities are exchanged for cash. Looked at
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Crypto Assets
Most read
- Sweden may have a digital currency in five years, says Riksbank governor
- Fed may make Fima permanent- SF president Daly
- Covid-19 support may have created “zombie firms” – BIS economists
- PBoC to more than double scope of stress tests
- Regulating big tech and non-bank financial services in the digital era