To the extent that they exert a critical influence on the macroeconomic environment, monetary and exchange rate policies (MERP) are relevant for development. However, the analytical economic literature often sees nominal variables as being irrelevant for the real economy, while the multiplicity...

Chapter 1. Introduction -- Chapter 2. Blockchain, decentralized consensus and trust -- Chapter 3. The basic mining game. -- Chapter 4. Higher level models -- Chapter 5. The future monetary system -- Chapter 6. Regulation -- Chapter 7. Conclusions.