개방경제에서의 금융혁신 파급효과와 블록체인기술 발전의 시사점(Impacts of Financial Innovations in an Open Economy and Implications of Blockchain Technology)

Sungbae An (), Hyosang Kim (), Kotbee Shin, Huisu Jang () and Jisu Kim ()
Additional contact information
Sungbae An: Korea Institute for International Economic Policy, Postal: Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si,Korea, http://www.kiep.go.kr/index.do
Hyosang Kim: Korea Institute for International Economic Policy, Postal: Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si,Korea, http://www.kiep.go.kr/index.do
Kotbee Shin: Korea Institute for International Economic Policy, Postal: Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si,Korea, http://www.kiep.go.kr/index.do
Huisu Jang: Soongsil University, Postal: Soongsil University 369 Sangdo-Ro, Dongjak-Gu, Seoul, Korea (06978), https://ssu.ac.kr/
Jisu Kim: Korea Institute for International Economic Policy, Postal: Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si,Korea, http://www.kiep.go.kr/index.do

No 18-21, Policy Analyses from Korea Institute for International Economic Policy

Abstract: 2008년 10월, Satoshi Nakamoto가 인터넷에 공개한 논문 “Bitcoin: A Peer-to-Peer Electronic Cash System”은 블록체인기술을 구체화하였으며, 이에 기반한 프로그램 코드에 따라 2009년 1월 3일 최초의 비트코인이 채굴되었다. 논문이 공개되고 10년을 지나면서 비트코인이 실생활에서 교환수단으로 사용될 수 있는지, 상품의 가치 척도로서 적합한지, 가치 저장수단으로서 기능을 수행할 수 있는지, 더 나아가 법정화폐를 대체할 수 있는지 등의 논의가 진행되어왔다. 한편, 2017년 하반기부터 비트코인의 가격이 급등하면서 대중의 관심은 투자대상으로서의 암호화자산에 쏠리기 시작했고, 각국 정부는 버블로 치닫는 이상과열을 막기 위해 여러 가지 대책과 규제를 쏟아내었다. 때마침 4차산업혁명 화두의 한 부분으로 핀테크 및 블록체인기술이 거론되면서 금융혁신에 대한 이러한 논의들이 뒤섞이며 구분이 여전히 불분명한 상태이다. 본 연구는 크게 일반적인 의미의 금융혁신을 규정한 후 이의 경제적 영향 및 파급경로를 분석하고, 금융혁신의 일부분으로서 블록체인기술과 이와 관련한 정책적 시사점을 살펴본다. Satoshi Nakamoto announced the white paper of bitcoin, “Bitcoin: A Peer-to-Peer Electronic Cash System,” which embodies ideas of the distributed ledger in October 2008 and based on the ideas, the first bitcoin was mined in March 2009. Since then, there have been vast on-going discussions whether bitcoin can be used as a means of exchange like fiat money. Meanwhile, the price of bitcoin skyrocketed in 2017, so bitcoin and other crypto-assets made a splash on public interest with a lack of legal regulations. Governments worried the overheated market that could become a bubble and tried to impose regulations for market soundness. With the recent development of fintech and the emergence of the fourth industrial revolution, it is difficult to separate the impact of the blockchain technology as financial innovation in the current discussions. This research report summarizes the economic effects of financial innovations in retrospect and examines the blockchain technology considered as a part of financial innovation.

Keywords: 금융혁신; 블록체인 (search for similar items in EconPapers)
JEL-codes: A10 (search for similar items in EconPapers)
Pages: 193 pages
Date: 2018-12-31
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