Some Economics of Private Digital Currency

Joshua Gans and Hanna Halaburda

Staff Working Papers from Bank of Canada

Abstract: This paper reviews some recent developments in digital currency, focusing on platform-sponsored currencies such as Facebook Credits. In a model of platform management, we find that it will not likely be profitable for such currencies to expand to become fully convertible competitors to state-sponsored currencies.

Keywords: Bank notes; Economic models; Payment clearing and settlement systems (search for similar items in EconPapers)
JEL-codes: D42 E4 L51 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2013
New Economics Papers: this item is included in nep-mac
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Citations: View citations in EconPapers (16)

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https://www.bankofcanada.ca/wp-content/uploads/2013/11/wp2013-38.pdf

Related works:
Chapter: Some Economics of Private Digital Currency (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:bca:bocawp:13-38

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