The Nexus between Cryptocurrencies, Currencies and Commodities: A Primer

Siavash Taheri, Janelle Mann and Austin McWhirter

Chapter 10 in Cryptofinance:A New Currency for a New Economy, 2021, pp 191-206 from World Scientific Publishing Co. Pte. Ltd.

Abstract: This primer provides a pairwise comparison of cryptocurrency characteristics with those of fiat currency and hard commodities to shed light on the nexus between cryptocurrencies, fiat currency, and hard commodities. Then, it synthesizes methods and results from empirical research that investigate the nexus. The findings reveal that the existing literature has not reached a consensus on the nature of cryptocurrencies, in particular whether they should be categorized as a currency or a commodity which indicates the research area is not yet saturated.

Keywords: Cryptocurrencies; Digital Currencies; Bitcoin; Blockchain; Fintech; Tokenization; BitLicense; Crypto-Asset (search for similar items in EconPapers)
JEL-codes: G1 G11 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (1)

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