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)
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)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:fip:fedlrv:00097
Ordering information: This journal article can be ordered from
https://files.stloui ... htdocs/publications/
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 ().