Should central banks be concerned about virtual currencies?
Djupanalys
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.
Djupanalys
Extern avdelning
Professor Karl Whelan
Om detta dokument
Publikationstyp
Sökord
- centralbank
- digital teknik
- digitalisering
- dokumentation
- FINANSER
- information och informationsbehandling
- informationsindustri
- informationssäkerhet
- informationsteknik och databehandling
- informationsteknikanvändning
- INTERNATIONELLA FÖRBINDELSER
- penningväsen
- PRODUKTION, TEKNIK OCH FORSKNING
- samarbetspolitik
- sedelutgivning
- teknik och tekniska föreskrifter
- tredjeland
- UTBILDNING OCH KOMMUNIKATION
- virtuell valuta