Lessons for Cryptocurrencies from Foreign Exchange Markets

Charles Engel
Authors registered in the RePEc Author Service: Andrew Rose

Chapter 8 in Digital Currency Economics and Policy, 2020, pp 55-78 from World Scientific Publishing Co. Pte. Ltd.

Abstract: This essay brings insights from the academic literature on foreign exchange rate determination to the analysis of cryptocurrency markets. We present a simple framework to summarize the factors that determine exchange rates. To the extent that cryptocurrencies are like national currencies issued by central banks, their pricing can be analyzed using these models of exchange rates…

Keywords: Digital Currency; Economics and Policy; Finance; Cryptocurrency (search for similar items in EconPapers)
JEL-codes: G2 O33 (search for similar items in EconPapers)
Date: 2020
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