The Rise of Bitcoin

Henri Arslanian and Fabrice Fischer ()
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Henri Arslanian: University of Hong Kong
Fabrice Fischer: Blu ltd

Chapter 9 in The Future of Finance, 2019, pp 95-111 from Springer

Abstract: Abstract Context is critical to understanding the creation of Bitcoin. In 2008, the world was in the midst of the greatest financial crisis since the Great Depression. The prestigious 164-year-old investment bank Lehman Brothers filed for bankruptcy and American International Group (AIG), the biggest insurer in America, had to be bailed out with a US$85 billion loan by the New York Federal Reserve Bank.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-14533-0_9

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DOI: 10.1007/978-3-030-14533-0_9

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