A global private currency

Ivan Pupolizio

Stato e mercato, 2020, issue 3, 423-457

Abstract: The official launch of the Libra project in 2019, and the subsequent troubles experienced by the project, stimulated a vigorous debate, from different perspectives, on the pros and cons of a private currency with global ambitions. This paper describes the main characteristics of Libra and locates it in a partial but clear taxonomy of the increasingly crowded field of so-called «digital currencies». In the light of the regulatory problems that will arise, this paper also aims to assess the impact of this project on a crucial feature of the economic system that helped shape the institutional structure of modernity: the power to create money.

Keywords: Jel Classification: E42 - Monetary Systems; E51 - Money Supply; F33 - International Monetary Arrangements and Institutions. (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:mul:jl9ury:doi:10.1425/99821:y:2020:i:3:p:423-457

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