EconPapers    
Economics at your fingertips  
 

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
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10) Track citations by RSS feed

Downloads: (external link)
https://files.stlouisfed.org/files/htdocs/publicat ... cryptocurrencies.pdf Full text (application/pdf)
https://doi.org/10.20955/r.2018.97-106 https://doi.org/10.20955/r.2018.97-106 (text/html)

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

Ordering information: This journal article can be ordered from
https://files.stloui ... htdocs/publications/

DOI: 10.20955/r.2018.97-106

Access Statistics for this article

More articles in Review from Federal Reserve Bank of St. Louis Contact information at EDIRC.
Bibliographic data for series maintained by Anna Oates ().

 
Page updated 2019-08-22
Handle: RePEc:fip:fedlrv:00097