CURRENCY, FINANCIAL SYSTEM AND VIRTUAL SPACE. A MICROECONOMIC APPROACH

Mihail Dimitriu ()

Journal of Financial and Monetary Economics, 2017, vol. 4, issue 1, 261-265

Abstract: The 21st century will be strongly marked by the emergence and development of virtual space. The international financial system will make full use of the benefits of this artefact. What will be more difficult to accept is that everything related to virtual space means collecting, processing, using and storing information, and so! What is currently the subject of many studies under the name of virtual currency is based only on users' trust in a symbol, information. At the level of companies, the use of this virtual space has many advantages but also risks. This paper attempts to formalize, in the form of additional costs and revenues, the result of companies' actions in the virtual space.

Keywords: virtual space; information; virtual currency (search for similar items in EconPapers)
JEL-codes: C81 D85 E42 (search for similar items in EconPapers)
Date: 2017
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