

Federico Grinberg
3.6K posts











** NEW PAPER ALERT** Very excited to have this paper out: a money view on stablecoins, joint work @PMehrling & @dhneilson Spread the word! (Thread to follow later)

Comparing #Stablecoins with #Eurodollars reveals how primitive the liquidity mechanisms supporting stablecoins’ promise of par settlement are. #Liquidity, not solvency, is the issue with par settlement bis.org/publ/work1146.…

The Peso is in free fall because Argentina lives beyond its means. Look at imports (red), which are near their historical peak. Argentina needs fiscal spending cuts and a recession to fix this. How to do this in a fair way is what this election should be about. Not dollarization.













