A Perspective on Electronic Alternatives to Traditional Currencies

Gabriele Camera

Working Papers from Chapman University, Economic Science Institute

Abstract: The institution of money is rapidly evolving thanks to developments in computerbased cryptography. Technological advances have made possible the creation of cost-effective electronic alternatives to banknotes and coins, which are the traditional physical currencies. This document aims to describe — based on scientific literature — the use and characteristics of money, some of the problems associated with issuing a new currency or a new payment instrument, and the possible comparative advantages of a central bank in leading the way relative to private issuers.

Date: 2016
New Economics Papers: this item is included in nep-mon and nep-pay
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Persistent link: https://EconPapers.repec.org/RePEc:chu:wpaper:16-32

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