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RePEcCrypto & DeFi

Stablecoins Meet the Mundell–Fleming Trilemma

Wallet-level stablecoin data shows crisis countries experience inflows during banking restrictions; this endogenizes capital mobility and tightens monetary policy constraints.

Featured in No. 132 on 25 Sep 2026 · 11 days after release

Hump-shaped curve showing equilibrium enforcement rises then falls with stablecoin adoption.
Figure 4: Equilibrium enforcement is hump-shaped in stablecoin adoption.
Released
14 Sep 2026
First featured
No. 132 · 25 Sep 2026
Published in
Not yet, as far as Semantic Scholar knows
Fanfare
4 of 5
Identifier
RePEc:fip:fednsr:103702
Authors
Pablo D. Azar et al.

Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).

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