Should central banks be concerned about virtual currencies?
Indgående analyse
02-07-2018
Virtual currencies have generated much discussion over the past few years with some believing they are an improvement on state-issued currencies and will end up replacing them. This paper argues this is extremely unlikely. Cryptocurrencies such as Bitcoin do not work well as money because of security weaknesses and the volatility of their price relative to traditional currencies. The theory that the private sector will choose to replace a state-backed currency with privately-issued currency also has little historical backing. This document was provided by Policy Department A at the request of the Economic and Monetary Affairs Committee.
Indgående analyse
Ekstern forfatter
Professor Karl Whelan
Om dette dokument
Type af publikation
Nøgleord
- anvendelse af edb
- centralbank
- datamatik og databehandling
- digital teknologi
- digitalisering
- dokumentation
- FINANSER
- information og informationsbehandling
- informationsindustri
- informationssikkerhed
- INTERNATIONALE RELATIONER
- pengeudstedelse
- PRODUKTION, TEKNOLOGI OG FORSKNING
- samarbejdspolitik
- teknologi og tekniske bestemmelser
- tredjeland
- UDDANNELSE OG KOMMUNIKATION
- valutaforhold
- virtuel valuta