Conclusions

Augusto Schianchi () and Andrea Mantovi ()
Additional contact information
Augusto Schianchi: Università di Parma
Andrea Mantovi: Università di Parma

Chapter Chapter 7 in The Economics of Cryptocurrencies and Digital Money, 2023, pp 159-166 from Palgrave Macmillan

Abstract: Abstract This short monograph reviews the basic economic principles through which to look at the essence of recent blockchain-based monetary innovations and their implications, beginning with the different ways of trust that economists and computer scientists and meant to address. It is an educated guess that users of cryptocurrencies and stablecoins shall self-select their own ecologic niches, in connection with the expected forthcoming regulations. Arguing about the sense of a central bank digital currency (CBDC) is a more sophisticated endeavor that concerns in the first instance the foreseeable reverberations on the delicate equilibria along the hierarchy of account-based money. Beyond the efficiency and financial inclusion that motivate the CBDC construct, one notices that systemic central banks like the Fed or the ECB cannot afford to lag behind the technological frontier. The tension between the different methodologies employed by economists and computer scientists may prove useful in the ongoing inquiry about the potential of blockchain solutions.

Keywords: Trust; Ecologic Niche; Hierarchy of Account-Based Money; Methodology (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:psincp:978-3-031-44248-3_7

Ordering information: This item can be ordered from
http://www.palgrave.com/9783031442483

DOI: 10.1007/978-3-031-44248-3_7

Access Statistics for this chapter

More chapters in Palgrave Studies in Financial Services Technology from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().