5 nov. 2021 · Avoir un collateral, c'est avoir une contrepartie qui sécurise une monnaie ou une opération financière. Si le concept a d'abord pris de l' ...
Are crypto-assets a source of financial instability?
- This article: a) identifies risks in the market for crypto-assets (which could serve as sources of financial instability); and b) analyses the interlinkages with traditional markets (i.e. transmission channels that could create contagion risks).
Do crypto-assets have no tangible value?
- Many crypto-assets have no tangible value – contrary to traditional securities, such as stocks or bonds, which give holders rights to future cash flows or claims on firm assets in case of liquidation. As a result, most crypto-assets are
Is crypto-assets are speculative?
- The March 2022 joint ESA warning not only alerted consumers to the speculative nature of many crypto-assets but also the risks of misleading advertisements, including via social media and influencers (12). Another factor behind the speculation is
What are the risks in crypto markets?
- In summary: crypto markets are susceptible to both novel and familiar risks. Novel risks originate either from the underlying design principles of the blockchain technology (i.e. pseudonymity, consensus mechanisms, interoperability issues) assets.