Should central banks be concerned about virtual currencies?
Eingehende 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.
Eingehende Analyse
Externe Autor
Professor Karl Whelan
Über dieses Dokument
Art der Veröffentlichung
Politikbereich
Schlagwortliste
- BILDUNG UND KOMMUNIKATION
- digitale Technologie
- Digitalisierung
- Dokumentation
- Drittland
- FINANZWESEN
- Geldwirtschaft
- Informatik
- Informatikanwendung
- Information und Informationsverarbeitung
- Informationsindustrie
- Informationssicherheit
- INTERNATIONALE BEZIEHUNGEN
- Notenemission
- Politik der Zusammenarbeit
- PRODUKTION, TECHNOLOGIE UND FORSCHUNG
- Technologie und technische Regelungen
- virtuelle Währung
- Zentralbank