Crypto Currencies and their Destinies in the Future

Mehmet Hasan Eken and Erkut Baloglu
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Mehmet Hasan Eken: Professor of Finance, Kırklareli Univesity, Kırklareli, Turkey
Erkut Baloglu: Innovation & Customer Experience Director, Yapi Kredi, Istanbul, Turkey

International Journal of Finance & Banking Studies, 2017, vol. 6, issue 4, 01-11

Abstract: In this article the features of Crypto Currencies, which are not backed by governments, are investigated with regards to their specialties, usage areas and current structures. In this context the newly invented crypto currencies are compared with currency types that were in use in different periods of history. A similarity between Crypto Currencies and Free Banking Era Banknotes is noticed and thus investigated in details. The possible risks and outcomes with regards to the future usage of crypto currencies are analyzed and elaborated.

Keywords: Crypto Currency; Digitalization; Free Banking Era; Wildcat Banks; Blockchain (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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