国际清算银行-稳定币对外汇市场的流动和溢出效应(英)-2026.3-69页.pdfVIP

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国际清算银行-稳定币对外汇市场的流动和溢出效应(英)-2026.3-69页.pdf

BISWorkingPapers

No1340

Stablecoinflowsand

spilloverstoFXmarkets

byIñakiAldasoro,PaulaBeltranandFedericoGrinberg

MonetaryandEconomicDepartment

March2026

JELclassification:F31,G15,G12,G23,F38

Keywords:stablecoins,foreignexchange,market

segmentation,capitalflows,arbitrage

BISWorkingPapersarewrittenbymembersoftheMonetaryandEconomic

DepartmentoftheBankforInternationalSettlements,andfromtimetotimebyother

economists,andarepublishedbytheBank.Thepapersareonsubjectsoftopical

i

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