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This study examines how blockchain and digital currency have affected the supply of credit and financial stability. It … that most industries do not require central banks and, instead, concentrate on modern digital currency and blockchain …, central banks should adopt digital currency and blockchain with an online technological payment strategy in order to enhance …
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We explore the economics and optimal design of "permissioned" distributed ledger technology (DLT) in a credit economy. Designated validators verify transactions and update the ledger at a cost that is derived from a supermajority voting rule, thus giving rise to a public good provision game....
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