Cryptocurrencies and Digital Fiat Currencies

被引:25
作者
Kirkby, Robert [1 ]
机构
[1] Victoria Univ Wellington, Wellington 6012, New Zealand
关键词
D O I
10.1111/1467-8462.12307
中图分类号
F [经济];
学科分类号
02 ;
摘要
Current generations of cryptocurrencies are not money, but future ones may be. While Bitcoin performs poorly as a store of value, it is actually on par with the Venezuelan bolivar over the last decade, and the Argentinian peso over the decade from 1986. I evaluate arguments in favour of central banks issuing digital fiat currency-intended to replace cash-and digital fiat money-intended to replace money more broadly. Digital fiat currency appears a natural step forward, but digital fiat money would be a bad idea as it makes the central bank responsible for the entire money supply.
引用
收藏
页码:527 / 539
页数:13
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