Fuchs, Max; Michaelis, Jochen - In: Jahrbücher für Nationalökonomie und Statistik 243 (2023) 2, pp. 153-167
The coexistence of fiat money (cash) and digital monies constitutes a system of parallel currencies as media of exchange. This paper asks whether a new (digital) currency is essential: Does a new currency allow for a better resource allocation even if a fully accepted currency is in circulation...
