In essence, the currently large stablecoins are electronic money issued by narrow balance sheet vehicles into a distributed ledger (or a "programmable platform"). Many believe that they will have significant success as a new form of money. Members of the current US administration expect that US...

This document, A Simple Note on Augmented Autoregressive Distributed Lag Model (A-ARDL), provides a concise explanation of the Augmented ARDL (AARDL) approach introduced by Ronald McNown and colleagues. The note discusses the motivation behind AARDL, particularly its role in addressing...