Federal Reserve Bank of Cleveland: 'Tariffs, Stablecoins, and the Demand for Dollars'
September 11, 2025
September 11, 2025
CLEVELAND, Ohio, Sept. 11 (TNSLrpt) -- The Federal Reserve Bank of Cleveland issued the following white paper (No. 25-21) on August 28, 2025, by Anantha Divakaruni and Peter Zimmerman entitled "Tariffs, Stablecoins, and the Demand for Dollars."
Here are excerpts:
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Several studies have shown that aggregate demand for US dollars fell following the announcement of tariffs by the US government on April 2, 2025. Using data on stablecoins as a prox . . .
Here are excerpts:
* * *
Several studies have shown that aggregate demand for US dollars fell following the announcement of tariffs by the US government on April 2, 2025. Using data on stablecoins as a prox . . .