Template-Type: ReDIF-Chapter 1.0 Author-Name: Hong Kong Monetary Authority Editor-Name: Bank for International Settlements Title: Assessing the impact of stablecoins on exchange rate volatility for emerging market economies and policy implications? Book-title: Capital flows, exchange rates and financial conditions in EMEs in an evolving international monetary system In-Book: RePEc:bis:bisbps:171 Pages: 144-157 Year: 2026 Month: May Volume: 171 File-URL: https://www.bis.org/publ/bppdf/bispap171_h.pdf File-Format: Application/pdf Handle: RePEc:bis:bisbpc:171-08