The Case for Central Bank Electronic Money and the Non-case for Central Bank Cryptocurrencies

Aleksander Berentsen and Fabian Schär

Review, 2018, vol. 100, issue 2, 97-106

Abstract: We characterize various currencies according to their control structure, focusing on cryptocurrencies such as Bitcoin and government-issued fiat money. We then argue that there is a large unmet demand for a liquid asset that allows households and firms to save outside of the private financial sector.

JEL-codes: E50 E59 G23 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (46)

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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedlrv:00097

DOI: 10.20955/r.2018.97-106

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