Design
Exchange-level parity-gap measurement plus an instrumental-variable model of stablecoin flow shocks.
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Stablecoins and monetary transmission · causal
A 2026 BIS working paper reports persistent stablecoin-versus-FX parity gaps and estimates spillovers from exogenous stablecoin demand into local exchange rates and dollar funding costs.
A 2026 BIS working paper reports persistent stablecoin-versus-FX parity gaps and estimates spillovers from exogenous stablecoin demand into local exchange rates and dollar funding costs.
The result is current and source-verified, but it remains a working paper with a specialized exchange panel and instrumental-variable design.
The paper estimates that a 1 percent exogenous net-inflow increase raises parity deviations by about 40 basis points and transmits into local currency and dollar-funding markets.
Exchange-level parity-gap measurement plus an instrumental-variable model of stablecoin flow shocks.
Net stablecoin inflows, stablecoin-FX parity deviations, spot exchange rates, and covered-interest-parity deviations.
The study's parity gap is a cross-market measure, not an immediately executable consumer exchange quote.
Bathymark stores curated bibliographic facts and its own paraphrase. It does not store the source abstract or full text. Open the original work to inspect the complete analysis.
Inaki Aldasoro, Paula Beltran, Federico Grinberg · BIS Working Papers No 1340 · 2026
Published March 2026. Working-paper status remains visible.
Current premium and stablecoin pages provide adjacent evidence only.
Reviewed 2026-07-13; next review 2026-09-13. The paper record is not a recommendation, forecast, or proof of current profitability. Information, not financial advice.