Economics at your fingertips  

A Digital Euro to Compete With Libra

Mayer Thomas ()
Additional contact information
Mayer Thomas: Flossbach von Storch Research Institute, Cologne, Germany

The Economists' Voice, 2019, vol. 16, issue 1, 7

Abstract: On 18 June 2019 a group of 28 companies led by Facebook published a White Paper proposing the creation of a new crypto currency named Libra. The initiative could give the digitalization of money a big boost. Digitalization would also give the euro a viable long term perspective, which it is unlikely to have in the credit money system. Credit money needs a state for its reinsurance that cannot be created for the euro area. Digital money, on the other hand, can exist without a state guarantee.

Keywords: crypto currencies; digital central bank money; euro; European monetary union; Libra (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link) (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

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:

Ordering information: This journal article can be ordered from

DOI: 10.1515/ev-2019-0033

Access Statistics for this article

The Economists' Voice is currently edited by Michael Cragg, Dwight Jaffee and Joseph Stiglitz

More articles in The Economists' Voice from De Gruyter
Bibliographic data for series maintained by Peter Golla ().

Page updated 2021-06-19
Handle: RePEc:bpj:evoice:v:16:y:2019:i:1:p:7:n:15