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Can Currency Competition Work?
Fernández-Villaverde, Jesús - 2016
Can competition among privately issued fiat currencies such as Bitcoin or Ethereum work? Only sometimes. To show this, we build a model of competition among privately issued fiat currencies. We modify the current workhorse of monetary economics, the Lagos-Wright environment, by including...
Persistent link: https://www.econbiz.de/10012456518
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Cost-Benefit Analysis Under Uncertainty
Graham, David A. - 1977
role of secondary markets in providing opportunities for redistributing risk is made transparent and the modifications …
Persistent link: https://www.econbiz.de/10012478938
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Digital Currencies, Decentralized Ledgers, and the Future of Central Banking
Raskin, Max - 2016
Central banking in an age of digital currencies is a fast-developing topic in monetary economics. Algorithmic digital currencies such as bitcoin appear to be viable competitors to central bank fiat currency, and their presence in the marketplace may pressure central banks to pursue tighter...
Persistent link: https://www.econbiz.de/10012456437
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Costs and Benefits to Phasing Out Paper Currency
Rogoff, Kenneth S. - 2014
Despite advances in transactions technologies, paper currency still constitutes a notable percentage of the money supply in most countries. For example, it constitutes roughly 10% of the US Federal Reserve's main monetary aggregate, M2. Yet, it has important drawbacks. First, it can help...
Persistent link: https://www.econbiz.de/10012458538
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Similarities and Differences in the Adoption of General Purpose Technologies
Agrawal, Ajay; Gans, Joshua; Goldfarb, Avi - National Bureau of Economic Research - 2023
, provides a distinct benefit. Steam provided a new power source. The internet facilitated communication. The differences between … GPTs are important for understanding adoption patterns. Using the examples of the internet and artificial intelligence, we …
Persistent link: https://www.econbiz.de/10014226173
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Decentralized Mining in Centralized Pools
Cong, Lin William - 2019
The rise of centralized mining pools for risk sharing does not necessarily undermine the decentralization required for …
Persistent link: https://www.econbiz.de/10012479545
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Cybersecurity Risk
Florakis, Chris - 2020
We develop a novel firm-level measure of cybersecurity risk using textual analysis of cybersecurity-risk disclosures in … corporate filings. The measure successfully identifies firms extensively discussing cybersecurity risk in their 10-K, displays … intuitive relations with quantitative measures of cybersecurity risk disclosure language, exhibits a positive trend over time …
Persistent link: https://www.econbiz.de/10012482415
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Valuing a Homeland Security Policy : Countermeasures for the Threats from Shoulder Mounted Missiles
Smith, V. Kerry - 2008
a sample from Knowledge Networks' national internet panel. The estimates range from $100 to $220 annually per household …
Persistent link: https://www.econbiz.de/10012464323
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Can Mobile-Linked Bank Accounts Bolster Savings? Evidence from a Randomized Controlled Trial in Sri Lanka
De Mel, Suresh - 2018
In developing economies, mobile-linked services have the potential to significantly reduce transaction costs and provide a truly new conduit that could be used to facilitate the flow of savings into banks. We test this premise by introducing a product that permits Sri Lankan households to...
Persistent link: https://www.econbiz.de/10012481004
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Mobile Money : The Economics of M-PESA
Jack, William - 2011
Mobile money is a tool that allows individuals to make financial transactions using cell phone technology. In this paper, we report initial results of two rounds of a large survey of households in Kenya, the country that has seen perhaps the most rapid and widespread growth of a mobile money...
Persistent link: https://www.econbiz.de/10012461936