Simecs, Ithaca Hours, Berkshares, Bitcoins and Walmarts

Martin Shubik

No 1947, Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University

Abstract: The practical and theoretical meaning of the rise and fall of new local and virtual currencies suggest that two basic theories of money both have their validity and reasons for coexistence. The drive for increasing efficiency in the payment mechanisms is in full swing and still presents many opportunities for improvement.

Keywords: Money; fiat; virtual currencies (search for similar items in EconPapers)
JEL-codes: D23 E41 E42 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2014-05
New Economics Papers: this item is included in nep-mac
References: View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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