Should central banks be concerned about virtual currencies?
Detaljna analiza
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.
Detaljna analiza
Vanjski autor
Professor Karl Whelan
Informacije o dokumentu
Vrsta publikacije
Područje politike
Ključna riječ
- digitaliziranje
- digitalna tehnologija
- dokumentacija
- emisija primarnoga novca
- FINANCIJE
- informacije i obrada informacija
- informacijska industrija
- informacijska sigurnost
- informacijska tehnologija i obrada podataka
- MEĐUNARODNI ODNOSI
- monetarna ekonomija
- namjenski programi informacijske tehnologije
- OBRAZOVANJE I KOMUNIKACIJE
- politika suradnje
- PROIZVODNJA, TEHNOLOGIJA I ISTRAŽIVANJE
- središnja banka
- tehnologija i tehnički propisi
- treća zemlja
- virtualna valuta