From Par to Pressure: Liquidity, Redemptions, and Fire Sales with a Systemic Stablecoin (IMF WP 2026/005)
From Par to Pressure: Liquidity, Redemptions, and Fire Sales with a Systemic Stablecoin (IMF WP 2026/005)
From Par to Pressure: Liquidity, Redemptions, and Fire Sales with a Systemic Stablecoin (IMF WP 2026/005)
Stablecoins on the rise: still small in the euro area, but spillover risks loom (ECB Financial Stability Review focus)
Crypto-assets and decentralised finance (ESRB report)
Cryptocurrencies and decentralised finance: functions and financial stability implications (BIS Papers No 156)