Some economics of private digital currency

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.

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Year of publication:	2013
Authors:	Gans, Joshua S. ; Halaburda, Hanna
Publisher:	Ottawa : Bank of Canada
Subject:	Bank notes \| Economic models \| Payment clearing and settlement systems

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Series:	Bank of Canada Working Paper ; 2013-38
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	10.34989/swp-2013-38 [DOI] 771338562 [GVK] hdl:10419/95688 [Handle] RePEc:bca:bocawp:13-38 [RePEc]
Classification:	D42 - Monopoly ; E4 - Money and Interest Rates ; L51 - Economics of Regulation
Source:	EconStor

Persistent link: https://www.econbiz.de/10010335674