The Case for Central Bank Electronic Money and the Non-case for Central Bank Cryptocurrencies
Aleksander Berentsen () and
Review, 2018, vol. 100, issue 2, 97-106
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)
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