How Do Private Digital Currencies Affect Government Policy?

Max Raskin, Fahad Saleh and David Yermack

No 26219, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper provides a systematic evaluation of the different types of digital currencies. We express skepticism regarding centralized digital currencies and therefore focus our economic analysis on private digital currencies. Specifically, we highlight the potential for private digital currencies to improve welfare within an emerging market with a selfish government. In that setting, we demonstrate that a private digital currency not only improves citizen welfare but also encourages local investment and enhances government welfare.

JEL-codes: E42 E5 E58 (search for similar items in EconPapers)
Date: 2019-09
New Economics Papers: this item is included in nep-cba, nep-mac, nep-mon and nep-pay
Note: ME PE
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Citations: View citations in EconPapers (4)

Published as Max Raskin & Fahad Saleh & David Yermack, 2024. "How do Private Digital Currencies Affect Government Policy?," Journal of Financial Stability, .

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