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Economist for monetary policy and financial markets
Tel: +49 221 4981-549 Mail: TaftThematic clusters
International Economic Policy, Financial and Real Estate Markets
Demary, Markus / Taft, Niklas Florian, 2025, Stablecoins und US-Staatsverschuldung: Droht eine neue Finanzmarktkrise?, IW-Report, Nr. 44, Köln
Zur Studie
Demary, Markus / Taft, Niklas Florian, 2023, Die Energieabhängigkeit der Bankkredite, IW-Report, Nr. 31, Köln
Zur Studie
Stablecoins are financial instruments which work similar to money market funds, and which invest in US government bonds. Stablecoins, however, issue cryptocurrencies instead of fund shares. Similar to the Eurodollar market in the 1960ies and the 1970ies are financial liabilities created, which are issued outside the US capital market.
IW
Russia's war against Ukraine has highlighted the vulnerability of the Federal Republic of Germany to Russian energy imports, especially natural gas.
IW