Crypto Currencies and the Blockchain Technology: An Evolutionary Review of Money and the Payment Systems

Seyed Ahmad Reza Jalali-Naini and Hasti Rabie Hamedani
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Seyed Ahmad Reza Jalali-Naini: Institute for Management and Planning Studies
Hasti Rabie Hamedani: Monetary and Banking Research Institute

Journal of Money and Economy, 2016, vol. 11, issue 3, 245-265

Abstract: In this paper we utilize the main findings from the recent literature to set the economic foundation for the existence of money, its modern interpretation as “memory” (Chokerlakota 1998) and how the Blockchain technology has empowered crypto currencies to perform this role in the information age. To locate the issue

Keywords: Cryptocurrency; Money; Payment Systems; Blockchain; Return volatility (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:mbr:jmonec:v:11:y:2016:i:3:p:245-265

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