Some Economics of Private Digital Currency
Joshua Gans () and
Staff Working Papers from Bank of Canada
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
New Economics Papers: this item is included in nep-mac
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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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